Summary: Thermo Fisher Scientific Inc. accuses Repligen Corp. of violating state consumer protection laws by 'raiding' its workforce in a complaint filed Friday.
Full articleSummary: Deion Sanders is rekindling the excitement around Nike's Diamond Turf sneakers, with the release of the original Diamond Turf 1 “Varsity Maize” following the DT3 release, showcasing the significance of these iconic shoes in his career. Sanders' unique style and impactful performance make these shoes highly sought after by sneakerheads and fans alike.
Full articleSummary: Salesforce has backed away from talks to acquire data-management software firm Informatica due to disagreement on terms. Salesforce had been discussing a price for Informatica in the mid-$30s a share.
Full articleSummary: Big-money investors have taken a bullish stance on Lockheed Martin (LMT) with a split sentiment of 50% bullish and 35% bearish according to options trading activity. They are aiming for a price range from $230 to $500 over the next three months. The stock is currently trading at $464.62, with an upcoming earnings report scheduled.
Full articleSummary: Exxon Mobil Corporation will report first-quarter earnings results with forecasted decline in revenues compared to the previous year amid lower oil prices. The company has a mixed track record in beating Wall Street estimates but is looking towards enhancing shareholder returns post its acquisition of Pioneer Natural Resources.
Full articleSummary: Nike's second phase of layoffs at its corporate headquarters in Oregon will result in about 740 employees losing their jobs. The layoffs are part of a cost-savings plan aimed at generating up to $2 billion in savings over three years. Nike is making these changes to focus on growth opportunities and strengthen its organization.
Full articleSummary: Barclays analyst Adam Seiden maintained a Buy rating on Deere with a price target of $400.00, while Morgan Stanley also maintained a Buy rating with a price target of $450.00. The average analyst consensus rating for Deere is a Moderate Buy, with a $426.29 average price target. Deere has a market cap of $111.4B and a P/E ratio of 11.66.
Full articleSummary: Brokerage Wedbush suggests potential buyers for TikTok include Microsoft and Oracle, warns of resistance to sale due to algorithms, private equity firms and consortiums expected to bid for TikTok, possible retaliation from China if forced sale occurs, Meta Platforms and Google seen as potential beneficiaries if TikTok exits US, House of Representatives passed bill to ban TikTok in US if stake not sold within a year, bill moves to Senate for vote, President Biden willing to sign legislation regarding TikTok
Full articleSummary: JPMorgan Chase Financial Company LLC has issued Structured Investments in the form of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co. They are priced at $1,000 each and will settle on or about April 23, 2024. Investors should be aware of the risks involved, including potential loss of principal and no guarantee of interest payments. The notes offer Contingent Interest Payments based on the performance of the Index on specified Review Dates. The Index, designed by MerQube, attempts to provide exposure to an unfunded rolling position in E-mini® S&P 500® futures contracts. Investors should be willing to accept a 6.0% per annum daily deduction on the Index.
Full articleSummary: Zacks Style Scores help investors rate stocks based on value, growth, and momentum, aiding in long-term market outperformance. Momentum investors should focus on stocks with strong Momentum Style Scores.
Full articleSummary: Bank of America (BAC) has seen its short percent of float rise by 6.06% since its last report, with 72.08 million shares sold short, representing 1.05% of available regular shares. Traders would take 1.84 days on average to cover their short positions. Short interest can indicate market sentiment towards a stock, and an increase may suggest bearishness.
Full articleSummary: The New York Stock Exchange is considering shifting to a 24/7 trading schedule, following the popularity of round-the-clock trading during the Covid-19 pandemic, especially in cryptocurrencies. A Steve Cohen-backed trading platform, 24 Exchange, is awaiting SEC approval to become the first 24/7 exchange.
Full articleSummary: FedEx Express, a subsidiary of FedEx Corp., released findings from a research report conducted with Forbes Insights on international growth trends for small and medium enterprises (SMEs) in the Asia-Pacific region.
Full articleSummary: US banking sector experiencing lack of negative earnings shocks, leading to stability and positive outlook according to Wells Fargo analyst Mike Mayo.
Full articleSummary: US banks have been showing lack of negative earnings shocks, leading to a positive sentiment in the sector according to Wells Fargo's Mike Mayo. The industry is moving towards 'boring banking' after increased capital and better asset-liability management following previous tumultuous times.
Full articleSummary: Nelly Korda wins her record-tying fifth straight tournament, becoming the third player in LPGA history to achieve this feat. She continues her remarkable success after recovering from a health scare and winning her second major championship.
Full articleSummary: Nike is set to lay off at least 740 employees from its Oregon headquarters in preparation for anticipated revenue drop in fiscal 2025. Despite a slight uptick in after-hours trading, Nike's total shares have fallen roughly 13% this year. To address the revenue decline, Nike announced a $2 billion cost savings plan which involves removing 1,600 workers over the next three years.
Full articleSummary: Google has added new filters to Google Drive for Android, making it easier for users to find files. The update includes Type, People, and Modified filters with various options in each drop-down.
Full articleSummary: Oura's smart ring will be available in select Target stores in the U.S., marking a validation for the company's unique form factor and retail strategy. The company's CEO has been focusing on expanding its presence in the market, with high profile adoptions and a subscription service driving revenue.
Full articleSummary: McDonald's received approval for unrestricted trading operations at its location in St Albans Road after a planning application was submitted and approved. The restaurant was originally a pub built in 1932 and converted to a McDonald's without formal planning permission in the late 90s.
Full articleSummary: Caitlin Clark is reportedly set to sign an eight-year, up to $28 million deal with Nike, including a signature shoe line, supplementing her WNBA rookie salary. Nike's move reflects a focus on expanding its women's business.
Full articleSummary: Apple is developing generative AI features underpinned by an on-device large language model for iOS 18, with rumors of potential licensing from Google. The AI tools aim to prioritize speed and privacy over cloud-based solutions and are expected to enhance Siri, Messages, Apple Music, and Pages.
Full articleSummary: DNB Asset Management reduced stakes in Apple, Microsoft, and Tesla while doubling holdings in Palantir. Apple facing challenges with hardware sales in China. Tesla experiencing shrinking demand and layoffs. Microsoft fared better with a stock increase. Palantir saw a significant stock increase due to high AI-demand.
Full articleSummary: Pixel 7, Pixel Fold, and Pixel 8 owners are receiving a second update to fix missing phone calls and text messages issues over cellular connections. The update provides performance improvements for LTE call/data and network problems.
Full articleSummary: Intel is facing issues with high-end 13th- and 14th-gen processors crashing under load, leading to support problems for OEMs and system builders. Asus is rolling out BIOS updates with an 'Intel Baseline Profile option' to address the crashes and improve stability.
Full articleSummary: FedEx has pledged $5 million per year for the next five years to University of Memphis college athletes through NIL initiatives, further reinforcing its partnership with Memphis Athletics and making a significant commitment to student athletes. The company will focus on football, men’s and women’s basketball, and women’s sports for its NIL program.
Full articleSummary: Caitlin Clark is set to sign an eight-year endorsement deal with Nike worth up to $28 million, including her own signature shoe line, to supplement her WNBA rookie salary.
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