Summary: Former Treasury Secretary Lawrence Summers criticized the Federal Reserve for showing eagerness to cut rates. Global supply chain disruptions, protectionism, and nearshoring efforts are causing challenges and cost increases. Energy transition difficulties without Chinese supply chains are highlighted. Inflation is expected to persist due to ongoing supply chain issues, potentially pushing the Fed to consider rate hikes in the future.
Full articleSummary: Tiana's Bayou Adventure lighting tests have been underway at Walt Disney World's Magic Kingdom, offering guests a first look at the new attraction after dark. The exact opening date is still pending, with estimates pointing towards mid-June.
Full articleSummary: Caterpillar highlights its sustainability commitment by achieving 100% progress towards 2030 sustainability goals. The company is investing in new products and technologies to help customers achieve climate-related objectives, focusing on autonomy, alternative fuels, connectivity, and electrification. Caterpillar is also making significant progress in reducing greenhouse gas emissions from its operations.
Full articleSummary: Raymond James Financial Services Advisors Inc. increased its holdings in BNY Mellon International Equity ETF by 4.3% during the fourth quarter, adding 200 shares. Other hedge funds have also adjusted their positions in the company recently. The stock price of BNY Mellon International Equity ETF rose by 0.1%.
Full articleSummary: IHG Hotels & Resorts is standardizing on Salesforce Loyalty Management to drive guest loyalty and enhance personalized experiences. IHG is adopting the Einstein 1 Platform to provide tailored guest experiences and increase efficiencies.
Full articleSummary: Deutsche Bank reaffirmed Buy rating on Union Pacific Corp (NYSE:UNP) with a steady price target of $266.00 despite recent stock decline. Operational metrics improvement and potential for better cost performance indicated.
Full articleSummary: McDonald's (NYSE:MCD) shares dropped from $300 to $260, nearing a potential buying opportunity before Q1 earnings. Company struggles with lack of top-line growth despite increasing profits from franchising. Plans massive expansion and new concept to boost growth but faces challenges from high commodity prices. Q1 earnings forecasted to show modest growth in revenue and EPS. Valuation indicates fair price is $271, suggesting a buy rating with caution before upcoming earnings report.
Full articleSummary: Wells Fargo & Co. is exploring using a synthetic risk transfer for its loan portfolio, specifically tied to subscription lines, to deal with upcoming capital rules.
Full articleSummary: Dow Inc. (DOW) is expected to report its first-quarter 2024 results, benefiting from cost-saving initiatives but facing challenges from soft demand in Europe and Asia Pacific. Analysts estimate a 4.4% decline in revenues year over year for the first quarter.
Full articleSummary: Capital One offers a review of the Capital One Spark Miles for Business credit card, highlighting its benefits, rewards, fees, rates, and limits.
Full articleSummary: Capital One is expanding its lounge network with modern amenities and is offering unlimited lounge access with the Capital One Venture X Rewards Credit Card and the Capital One Venture X Business card. The lounges feature upscale food and beverage options, workspaces, and family-friendly amenities.
Full articleSummary: Home Minister Amit Shah holds a diversified portfolio of stocks worth more than ₹17 Crore in around 180 listed companies as per his election affidavit. His key investments include Hindustan Unilever Ltd, MRF Ltd, Colgate-Palmolive (India) Ltd, Procter & Gamble Hygiene & Healthcare Ltd, and ABB India Ltd. Holdings in these five companies are valued at around ₹5.4 crore, a substantial portion of his total portfolio.
Full articleSummary: Apple is speculated to upgrade the next iPad Air to a 12.9-inch mini-LED display, causing concerns about the potential price increase, which may affect the budget-friendly aspect of the device.
Full articleSummary: RXO (NYSE: RXO) has won Dow’s Above and Beyond Award for the stellar work of its managed transportation team. RXO was also recently recognized by Dow for environmental stewardship and received the company’s 2020 Sustainability Award for road transportation.
Full articleSummary: GE Aerospace (ex General Electric) is expected to report earnings per share of $0.648, increase in sales of 11.35% over the same period last year, and an expected profit of $4.25 per share this year compared to $8.43 per share a year earlier.
Full articleSummary: Lockheed Martin will report Q1 earnings on April 23 with analysts expecting earnings per share of $5.82, a decrease compared to the same quarter of the previous year, but an increase in revenue over the prior year quarter.
Full articleSummary: Boeing faces tough questions on potential CEO candidates, talks with Spirit AeroSystems, and slumping 737 MAX jet output ahead of its quarterly results, which are expected to show a surge in cash burn rate.
Full articleSummary: Analysts are questioning NVIDIA's monopoly over the AI market due to the increasing power consumption of its GPUs, leading to concerns about sustainability in the future.
Full articleSummary: IBM emphasizes the importance of using data and AI to drive sustainability efforts in three core areas: sustainability strategy, energy transition and climate resilience, and intelligent asset, facility and infrastructure management.
Full articleSummary: Intel is adding patches that enable display support for the next-gen Battlemage series GPUs, removing UHBR20 support in favor of UHBR13.5. Battlemage is an upgrade over Alchemist GPUs in terms of display capabilities.
Full articleSummary: Union Pacific Corp (UNP) has been named a Top Socially Responsible Dividend Stock, with above-average statistics including a strong 2.2% yield and recognition by prominent asset managers as a socially responsible investment. It operates in the Railroads sector.
Full articleSummary: Veeam has expanded its Veeam Data Platform to include support for host-based backups of VMs operating on Oracle Linux KVM hypervisor. The platform offers integration with various virtualisation platforms and aims to address customers' growing demand for data freedom.
Full articleSummary: Intel is working with the International Olympic Committee since 2017 and will showcase its AI capabilities at the Paris 2024 Olympics, focusing on fan engagement and operational applications. They will provide an immersive AI experience and use AI technology to drive accessibility and participation in sports. Intel will also power an AI-powered 8K livestreaming system for broadcasting the Games.
Full articleSummary: Calamos Investments LLC announced the planned launch of 12 Structured Protection ETFs seeking 100% protection and upside participation in S&P 500, Nasdaq-100, and Russell 2000 benchmarks to a predetermined cap over one-year outcome periods.
Full articleSummary: Microsoft, Aker Carbon Capture, and CO280 announced a new collaboration to scale up the carbon removal market, focusing on physical project development and digital measurement. They aim to deploy carbon dioxide removal methods to limit warming to 1.5°C.
Full articleSummary: North Korea-linked state-sponsored cyber actors have started using artificial intelligence (AI) to enhance their operations, particularly in spear-phishing efforts and reconnaissance activities targeting Korean Peninsula experts and organizations. Several groups like Emerald Sleet (Kimusky), Jade Sleet, and Diamond Sleet are employing AI and sophisticated tactics to conduct cyber attacks for financial gain and intelligence collection.
Full articleSummary: Greenleaf Trust decreased its holdings in Charter Communications by 3.9% in the 4th quarter, with the stock reaching a 52-week low of $254.31. Wall Street analysts forecast Charter Communications to post 32.38 earnings per share for the current fiscal year.
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