Summary: The Constitutional Court of South Africa has ruled that retrenchments by Coca-Cola Beverages Africa were not in violation of merger conditions due to external economic pressures like sugar tax and adverse economic circumstances. The court emphasized the importance of maintaining a balance between corporate efficiency and social responsibility in merger evaluations.
Full articleSummary: Wells Fargo is considering using synthetic risk transfer to buy insurance on some of its loans in order to cope with capital rules, following a trend among big banks to use this product. The transaction may involve a portfolio of subscription lines and could happen later this year.
Full articleSummary: Starbucks plans to open a new location on the north side of Amarillo, providing the area with more coffee options including drive-thru service. Two other Starbucks locations in Amarillo will also undergo renovation.
Full articleSummary: Cognizant and Microsoft announced an expanded partnership aiming to make Microsoft's generative AI and Copilots available to millions of users, transforming enterprise business operations and driving industry-specific transformation.
Full articleSummary: Ballast Advisors LLC decreased its position in shares of JPMorgan Chase & Co. by 0.1% in the fourth quarter, with other institutional investors also adjusting their positions. JPMorgan Chase & Co. has been subject to several analyst upgrades and downgrades. Insider activity includes recent stock sales by company executives. JPMorgan Chase & Co.'s stock is trading up 2.5% and the company has increased its dividend.
Full articleSummary: 1. Knights of Columbus Asset Advisors LLC reduced its position in Intuit Inc. during the fourth quarter by 1.5%, Holdings Channel reports. 2. Several large investors have made modifications to their holdings of Intuit, including acquiring new positions and increasing existing positions. 3. Intuit recently announced a quarterly dividend and beat analysts' consensus estimates for earnings per share in the last quarter.
Full articleSummary: Capital One offers the QuicksilverOne Cash Rewards Credit Card for individuals with fair credit, featuring a 1.5% cash back rewards program and an annual fee of $39. The card provides access to CreditWise, fraud protection, and various redemption options, making it a solid choice for building credit and earning rewards.
Full articleSummary: Critics rejected Broadcom's changes to cloud licensing practices, citing concerns about alleged price hikes, unfair licensing terms, and product bundling. Trade groups called for an investigation by EU antitrust regulators.
Full articleSummary: Disney Dreamlight Valley game is planning changes to its multiplayer feature including the ability for players to use Royal Tools like mining for gems, catching fish, and watering dried flowers in other players' Valleys.
Full articleSummary: Upstream Security, a provider of cybersecurity extended detection and response for connected vehicles and IoT, received funding from Cisco Investments. The investment will be used to expand purpose-built IoT cybersecurity solutions designed to safeguard mobility and IoT ecosystems.
Full articleSummary: Intel Core i9-14900K performance impacted by Baseline Profile, resulting in 8-9% lower performance with Intel default settings according to HardwareLuxx test.
Full articleSummary: flyExclusive received a notice from NYSE American regarding the late filing of its Annual Report on Form 10-K for the year ended December 31, 2023, but it has a grace period to regain compliance. The company attributes the delay to becoming a taxable corporation and needing additional time for financial reporting procedures. They are working to file the Form 10-K soon.
Full articleSummary: Cisco introduced a new security innovation called Hypershield, designed to protect applications, devices, and data across data centers and clouds with AI capabilities.
Full articleSummary: IBM unveiled its new Cloud Multizone Region (MZR) in Montreal, Quebec, to help clients address evolving regulatory requirements and leverage technology like generative AI with a secured, enterprise cloud platform.
Full articleSummary: Apple is expanding its presence in India by opening successful stores with strong revenues. The company is planning to open more stores in premium locations like Pune, Bengaluru, and Noida. There are also reports of launching the Apple Vision Pro mixed-reality headset in India soon.
Full articleSummary: Salesforce's bid to acquire Informatica has failed due to disagreements on deal terms. Investors may cheer this news leading to a potential increase in Salesforce's stock price. Salesforce's history of pricey acquisitions has led to apprehension amongst investors.
Full articleSummary: CNH Industrial was downgraded to Neutral from Buy by Bank of America analysts due to uncertainties related to the appointment of a new CEO. The stock fell 4.3% in premarket trading.
Full articleSummary: The chipmaker sector, including Nvidia, experienced a sell-off due to various factors such as disappointing updates from Taiwan Semiconductor Manufacturing and ASML. Despite this, Morgan Stanley remains optimistic about Nvidia's stock, anticipating a buying opportunity.
Full articleSummary: BlackRock Small Cap Growth Equity A (CSGEX) is a small cap growth mutual fund managed by BlackRock with assets of $161.50 million. It has a Zacks Mutual Fund Rank of 1 (Strong Buy) and a 5-year annualized total return of 8.28%, placing it in the middle third among its category peers.
Full articleSummary: Nvidia Corporation (NASDAQ: NVDA) experienced a 10% drop in stock price following a selloff in the tech sector triggered by Super Micro Computer withholding preliminary earnings data. However, analysts remain optimistic about Nvidia's upcoming earnings report, forecasting a 38% profit growth for the first quarter. Chart analysis indicates a potential rebound opportunity with caution needed for both long and short positions.
Full articleSummary: Apple has suspended production of its FineWoven vegan phone cases and watch bands due to complaints of easy wear and tear, scratches, and dust accumulation. The company is known for its environmental push, aiming to have a completely carbon neutral supply chain by 2030.
Full articleSummary: Critics reject Broadcom's changes to cloud licensing practices, citing concerns over alleged price hikes and unfair software licensing terms.
Full articleSummary: Comcast launches a low-cost wireless service called NOW Mobile offering an unlimited plan for $25/month, comparable to Visible's plan but with some limitations. NOW Mobile is only available to Xfinity/NOW cable customers. Visible offers more flexibility as it is open to anyone, not just existing customers of specific services. Visible also provides an option for smartwatch data and savings with annual plans.
Full articleSummary: Melius Research is optimistic about Nvidia's demand visibility through October and the potential from the Blackwell launch later this year. Analyst advises investors to buy the dip after the worst daily drop for Nvidia shares in over four years. Reitzes believes Nvidia has good visibility on orders with hyperscalers and Tier 2 cloud providers, and expects double-digit growth with the Blackwell launch.
Full articleSummary: Takeover talks between Salesforce and Informatica have fallen through due to disagreement over price. Salesforce abandoned its pursuit of Informatica despite discussions at an advanced stage. Informatica shares were trading close to record highs at $39.80 before news of the deal talks broke.
Full articleSummary: Adidas will not enter a bidding war with Nike for the German national football team kit deal, focusing instead on other major football partnerships like the French national team. Adidas CEO aims to diversify the brand's focus beyond football to athletics and a wider range of sports. The company is expecting a recovery after a troubled period in 2023.
Full articleSummary: The Coca-Cola Co. breaks ground on a new fairlife production facility in Webster, NY, to enhance its presence in the Northeast by sourcing from local milk co-operatives.
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