Summary: Analysts at Blackrock expect the ECB to begin cutting interest rates before the Fed due to resilient economic growth and sticky inflation in the US. The ECB is expected to cut rates in its June meeting, while the Fed's rate cuts are likely to be delayed beyond June.
Full articleSummary: Nike continues to release new versions of its popular 'Panda' Dunks, with the latest iteration featuring a suede finish. The release is anticipated to arrive in the coming months with a starting price of $115 USD.
Full articleSummary: Bristol Myers Squibb and Cellares signed a worldwide capacity reservation and supply agreement for CAR T cell therapies, valuing up to $380 million. Cellares will optimize, automate, and tech-transfer select Bristol Myers Squibb CAR T cell therapies onto its manufacturing platform.
Full articleSummary: Disney is changing its Disability Access Service pass eligibility requirements, now only available to guests with developmental disabilities, leading to frustration among guests with medical disabilities, the changes take effect on May 20 at Walt Disney World and June 18 at Disneyland.
Full articleSummary: The semiconductor market is expected to grow significantly due to the AI revolution, creating a positive outlook for AI semiconductor stocks such as NVDA, MCHP, NXPI, and PI.
Full articleSummary: Metazoa announced that Snapshot now supports Salesforce Data Cloud, allowing admins and developers to navigate the complexity of new object types, data models, and metadata structures introduced by Data Cloud. The advanced Salesforce Digital Twin technology enables users to manage and optimize intricate data structures with ease.
Full articleSummary: Financial giants have shown bullish activity in Intuit with a mix of bullish and bearish sentiment in options trading. Noteworthy options activity includes a neutral call trade, a bullish call sweep, a bullish put trade, and bearish call trades.
Full articleSummary: Nike plans to lay off over 700 employees at its world headquarters in Beaverton, Oregon by June as part of its cost-saving efforts to save $2 billion over the next three years.
Full articleSummary: Comcast (CMCSA) is set to report its first-quarter 2024 results on Apr 25. The company has been facing challenges from online streaming services like Netflix (NFLX), Disney (DIS), YouTube, and Apple TV+, leading to cord-cutting and intensifying competition. Comcast's broadband business has been affected by slowing subscriber growth and competition from wireless and fiber-based networks.
Full articleSummary: U.S. stocks rebounded, led by technology stocks after worst week for S&P 500 in over a year. Market rally was widespread with most stocks rising. Earnings reports this week include 'Magnificent Seven' companies, with analysts expecting earnings growth to slow down. Federal Reserve officials warned of higher interest rates to control inflation.
Full articleSummary: Several major tech companies have released patches for serious vulnerabilities, including Cisco, Ivanti, Oracle, and others. Vulnerabilities range from authentication bypass to command injection, with potential for active attacks. Companies urged to prioritize security tools and apply patches immediately.
Full articleSummary: Multiple cybersecurity companies released patches for serious vulnerabilities, including Palo Alto, Cisco, Ivanti, Oracle, and Juniper. Major vulnerabilities like authentication bypass, Command injection, and cross-site scripting were fixed to avoid potential cyberattacks. The necessity to deploy patches and update security tools was emphasized to prevent vulnerabilities from being exploited.
Full articleSummary: A Walt Disney Co. executive, Aaron LaBerge, is leaving the company after more than 20 years to join Penn Entertainment as their new chief technology officer. A replacement search is underway at Disney.
Full articleSummary: Booking Holdings Inc. has amended and restated its by-laws in alignment with recent regulatory changes, including updates to disclosure and procedural requirements for shareholder nominations. The modifications also introduce advance notice requirements for director nominations, clarify meeting procedures, and adopt an exclusive forum provision.
Full articleSummary: The Coca-Cola Company changed the formula of its signature soft drink to New Coke in 1985, facing a strong consumer backlash. The company reintroduced the original formula as Coca-Cola Classic 79 days after New Coke's launch, regaining its dominant position in the market.
Full articleSummary: Boeing will have a new CEO by the end of the year who will need to lead a cultural transformation due to past failures of culture, leadership, and safety at the company. Suggestions include hiring leaders passionate about the product, making all employees shareholders, and committing Boeing to a bold new goal like developing a true-zero-emissions airplane.
Full articleSummary: Caterpillar shares snapped their seven-day slump, rose 0.83% to close at $357.61. Seeking Alpha's Quant system rates CAT as Strong Buy. Wall Street analysts mostly rate the company as a Buy or Hold. Caterpillar is set to report its first-quarter results on April 25.
Full articleSummary: Bad news at Boeing as it faces challenges with quality improvement demands which will affect its production, while its competitor Airbus is unable to capitalize due to supply chain issues. Boeing's upcoming earnings release is expected to reveal CEO replacement questions and a decline in 737 MAX jet production, leading to an increase in costs and lower aircraft output. Analysts have a Moderate Buy consensus rating on BA stock.
Full articleSummary: Stocks recovered from last week's losses with the Dow, S&P 500, and Nasdaq all scoring strong gains. Nvidia (NVDA) rebounded with a 4.4% increase. Oil prices declined due to easing tensions in the Middle East.
Full articleSummary: Nvidia is partnering with AIST to build a hybrid classical-quantum supercomputer for research and applications, including quantum circuit simulation, machine learning, logistics optimization, drug development, and chemicals industry. Nvidia will provide GPUs and quantum computing software for the project.
Full articleSummary: Starbucks has upgraded its iced drink cups to use less plastic, reducing emissions and conserving water in production. The cups will have design details for visually impaired people and common lids for tall, grande, and venti sizes. New limited-time drinks with spicy flavors are also introduced for customers to try out the new cups.
Full articleSummary: Wells Fargo analyst Joe O’Dea maintained a Buy rating on Emerson Electric Company (EMR) with a price target of $130.00, Citi also maintained a Buy rating with a $133.00 price target. The analyst consensus is a Moderate Buy with an average price target of $123.53.
Full articleSummary: Ford, United Airlines, Nvidia, Enphase Energy, and DaVita Healthcare Partners were the top gainers on the S&P 500 index while Cardinal Health, Verizon Communications, Newmont Mining, Tesla, and UnitedHealth Group were the biggest losers. Ford's stock leapt 6.1% in heavy volume, United Airlines saw a 5% increase after recent good news, Nvidia's stock regained some losses, Enphase Energy and DaVita Healthcare Partners also experienced positive movements. On the other hand, Cardinal Health, Verizon, Newmont Mining, Tesla, and UnitedHealth Group faced significant declines.
Full articleSummary: Gilead Sciences awards $4 million ALL4LIVER grant to global organizations fighting viral hepatitis, supporting innovative projects and emphasizing viral hepatitis elimination as a public health priority in Vietnam.
Full articleSummary: Cisco introduces Cisco Hypershield to secure AI workloads in data centers and clouds, leveraging AI-driven architecture and hyperscale cloud technology. NVIDIA collaboration enhances efficiency and resilience by integrating AI-powered cybersecurity and microservices.
Full articleSummary: Hedge fund managers have been adjusting their positions on Lowe's Companies Inc (LOW), with some increasing, some decreasing, and new positions being taken. Overall, aggregate share count held by hedge funds decreased by approximately -9.80% between 12/31/2023 and 03/31/2024.
Full articleSummary: Bank of America Securities analyst reiterated a Sell rating on Royal Gold, with a price target consensus of $139.00. Royal Gold has a one-year high of $145.83 and a one-year low of $100.22. Insider sentiment is negative with an increase in insiders selling shares.
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