Summary: Mackenzie Financial Corp reduced its stake in MetLife, Inc. by 26.3% during the 4th quarter, with several other large investors also adjusting their positions in the company. Additionally, insider transactions involving selling of shares were reported. MetLife stock was up 0.3% on Monday.
Full articleSummary: EPIC-SR study reveals no benefit from paxlovid in treating COVID-19 patients, leading to the conclusion of not prescribing paxlovid in the vast majority of patients. The negative data from EPIC-SR contradicts Pfizer's rushed positive EPIC-HR study.
Full articleSummary: MSI Claw gaming handheld is expected to receive a significant performance boost of up to 43.5% with the new BIOS and GPU driver update. The company aims to improve FPS for various games, potentially closing the gap with its competitors.
Full articleSummary: Federated Hermes Inc. significantly increased its holdings in Colgate-Palmolive in the 4th quarter, alongside several other hedge funds and institutional investors. Analysts have given the stock positive ratings and raised price targets, with the stock showing an increase of 1.1%. Colgate-Palmolive also announced an increase in its quarterly dividend.
Full articleSummary: GoCardless has expanded its partnership with Intuit QuickBooks by launching a GoCardless app in the Intuit QuickBooks Marketplace in the US and Australia, aiming to help 225,000 QuickBooks users leverage Direct Debit for reducing late payments and enhancing cash flow. The deal expands on their existing partnership in the UK and Ireland since 2016, focusing on supporting SMEs.
Full articleSummary: Starbucks Korea will add flat white to its menu, expanding coffee lineup to attract customers.
Full articleSummary: Google's cloud environment has received a key security authorization to host secret and top-secret data, opening up opportunities in defense and intelligence agencies.
Full articleSummary: Apple is set to report its earnings for fiscal Q2 2024, with expectations of slightly topping consensus estimates but providing guidance for the June quarter below expectations. However, analysts anticipate a relief rally/squeeze higher on a 'better than feared' earnings report/guide.
Full articleSummary: Oura Ring is launching a new partnership with Target, expanding its retail sales outside of its website. Oura has quickly grown, especially during the Covid-19 pandemic, and has entered major U.S. sales channels. The partnership with Target aims to reach a mainstream audience and continue adding more features to its health tech products.
Full articleSummary: Boeing and Wagner Sustainable Fuels collaborate to grow the sustainable aviation fuel (SAF) industry in Australia, aiming to meet the increasing airline demand for jet fuel. Wagner Sustainable Fuels is constructing Australia's first steady supply of SAF at Wellcamp Airport in Queensland to blend SAF in accordance with international aviation regulations.
Full articleSummary: Federated Hermes Inc. reduced its holdings in International Business Machines Co. by 73.8% during the 4th quarter. Several other hedge funds also adjusted their positions, with varied changes in the number of shares held. IBM's stock price performance and key financial metrics were also highlighted. Analysts have set new price targets and ratings for IBM.
Full articleSummary: Federated Hermes Inc. significantly increased its stake in Colgate-Palmolive during the 4th quarter. Insider buying and selling activities were reported. Colgate-Palmolive also raised its dividend and analysts set new price targets for the stock.
Full articleSummary: Citigroup's institutional clients group CEO Paco Ybarra to leave in the first half of next year after 36-year tenure, helped establish firm as 'powerhouse in fixed income'
Full articleSummary: BlackRock, Inc. has acquired 5% voting rights in SSP Group PLC, signaling a strategic shift in their investment strategy.
Full articleSummary: Higher temperatures due to climate change are causing increased utility costs for Americans, particularly lower-income households. The rise in costs is driving financial pressure on households, leading to difficulties in affording basic necessities.
Full articleSummary: Nvidia stock is benefitting from the AI surge with impressive revenue and earnings growth, but concerns exist about a potential slowdown in AI chip demand. Microsoft and Meta Platforms are touted as potential bigger AI beneficiaries in the long run.
Full articleSummary: Daiwa Securities Group Inc. raised its stake in Coca-Cola Europacific Partners PLC by 56.1% during the fourth quarter. Several other hedge funds and institutional investors have also increased their stakes in CCEP. Analysts have set new price targets for CCEP, with multiple brokerages giving the company a 'buy' rating. Coca-Cola Europacific Partners stock has shown a stable performance with a 1-year low of $56.28 and a high of $72.67.
Full articleSummary: Sippican Capital Advisors increased their stake in JPMorgan Chase & Co. by 68.8% in Q4, owning 11,843 shares worth $2,014,000. Numerous other hedge funds also adjusted their holdings of JPM. JPM has received various analyst reports with a consensus rating of 'Moderate Buy' and a price target of $192.05. Insider transactions include sales by CEO Jennifer Piepszak and Vice Chairman Peter Scher.
Full articleSummary: Nvidia is collaborating with Japan's AIST to build a quantum supercomputer named ABCI-Q, powered by Nvidia platforms for accelerated and quantum computing. The system will assist in high-speed, complex computations for various industries like AI, energy, and biotechnology by integrating quantum and supercomputing capabilities.
Full articleSummary: IBM has released the X-Force Threat Intelligence Index for 2024, emphasizing a rise in cybercriminals exploiting user identities to breach enterprises, especially in the MEA region. The report reveals alarming trends in cyberattacks originating from valid local and cloud accounts, particularly affecting industries like finance, insurance, transportation, and energy. It also highlights the significant increase in infostealing malware globally, with a focus on the MEA region.
Full articleSummary: Texas A&M University's Department of Electrical and Computer Engineering will introduce a new Master of Science program focused on microelectronics and semiconductors, blended with digital and analog integrated circuit design and semiconductor manufacturing. Additionally, certificates in digital integrated circuit design, semiconductor manufacturing, electromagnetic fields, and microwave circuit design will be offered to address the need for trained experts in the semiconductor industry. The initiative is supported by industry partners and aimed at collaborating to advance semiconductor research and education.
Full articleSummary: Cisco has introduced a new approach to IT infrastructure protection with Hypershield, based on Ethernet switching and AI, enabling new security functions for clouds, data centers, and more. The solution automates protection against exploits, provides autonomous segmentation, and streamlines upgrades.
Full articleSummary: The Japan Fair Trade Commission found Google's practices undermining fair competition in the advertising market, with alleged questionable practices dating back over a decade.
Full articleSummary: FedEx Express celebrated its 40th anniversary in Singapore by partnering with Arbor Day Foundation and Garden City Fund to plant 80 trees, supporting the OneMillionTrees movement by NParks and aiming to reduce midday temperatures in the vicinity. The company also launched a cloud-based carbon emissions reporting tool, FedEx® Sustainability Insights.
Full articleSummary: Intel Foundry reported completion of the industry’s first commercial High NA EUV lithography scanner, which will enable the development of next-generation processors with improved resolution and feature scaling. This milestone puts Intel at the forefront of Moore’s Law scaling.
Full articleSummary: Geopolitical tensions and a more hawkish Fed contributed to a bearish sentiment in the market last week. Traders are now awaiting positive data on inflation to potentially turn the sentiment around.
Full articleSummary: A Microsoft employee uncovered a backdoor in Linux servers, potentially granting attackers remote code execution. The issue has been resolved by revoking access rights and reverting altered versions of the software.
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