Summary: Broadcom is making concessions for VMware cloud service providers upset by changes post the $61 billion deal, including addressing requirements and white-label services. They are extending deadlines for partners to make decisions and providing support for partners leaving the program.
Full articleSummary: US federal appeals court overturned a US$1.6 billion judgment against IBM in favor of rival BMC Software due to a mainframe software dispute with AT&T. The appeals court found that AT&T switched to IBM software independently, and BMC lost to IBM fairly. The original judgment by the lower court was deemed in error.
Full articleSummary: Major technology companies like Alphabet and Amazon are noted as top AI stocks to invest in due to their strong positions in the AI industry. Intel is expected to make a comeback in the AI chip market. Meta Platforms is seen as a potential powerhouse with its investments in AI. UiPath, known for robotic process automation software, is positioned as a leader in AI despite its relatively smaller market cap.
Full articleSummary: MetLife Inc. reported strong earnings for the first quarter, beating analysts' expectations and authorizing $3 billion in share buybacks.
Full articleSummary: MetLife Inc. beat analysts' expectations for the first quarter and authorized $3 billion in share buybacks.
Full articleSummary: Google laid off at least 200 staffers from its 'Core' team, some jobs relocating to India and Mexico. The company's role relocations are to bring it closer to key markets like India and Brazil.
Full articleSummary: Medtronic is estimated to be 20% undervalued based on current share price of US$80.24 according to the 2 Stage Free Cash Flow to Equity model. The fair value estimate is US$101, with the Total Equity Value calculated at US$133b.
Full articleSummary: JPMorgan Chase & Co. expects to pay an additional $100 million to settle a related inquiry from the Commodity Futures Trading Commission.
Full articleSummary: Dow Jones recovers risk appetite after Fed holds rates but to limited effect, equities leaning bullish after Fed guidance soothes market rate fears, NFP Friday will solidify market outlook on US labor market.
Full articleSummary: Union Pacific managers allegedly coached employees on how to respond to safety assessments, leading the Federal Railroad Administration to suspend its safety assessment of the company. This action may prompt lawmakers to expedite railroad safety reforms.
Full articleSummary: Tesla announced laying off nearly 500 employees responsible for building its Supercharger stations, slowing down new construction to focus on maintaining existing chargers.
Full articleSummary: Comcast has stopped broadcasting Bally Sports channels, affecting MLB games and potentially endangering the bankruptcy restructuring of the channels' operator Diamond Sports. Diamond is hopeful to negotiate further with Comcast, the second-largest cable provider in the U.S. Comcast claims to have been flexible but talks have reached an impasse.
Full articleSummary: JPMorgan Chase faces possibility of asset seizures in Russia after legal challenges and court orders due to sanctions over its Russian dealings.
Full articleSummary: JPMorgan Chase to pay $100 million civil penalty for incomplete trading data, to resolve with third U.S. regulator
Full articleSummary: JPMorgan Chase & Co. filed its Form 10-Q quarterly report with the SEC indicating the number of shares of common stock outstanding as of March 31, 2024.
Full articleSummary: Costco is currently offering deals through its Costco Auto Program on new Polestar, Volvo, Cadillac, and Chevrolet vehicles, including electric vehicles with incentives ranging from $1,000 to $2,000. Some of the eligible vehicles include Chevrolet Blazer EV, Chevrolet Equinox EV, Cadillac Lyriq, Polestar 2, Volvo C40 Recharge, XC40 Recharge, XC60, XC90, XC60 PHEV, and XC90 PHEV.
Full articleSummary: Bitcoin price has dropped by 20% since mid-March and 11% in the past day following its halving in April, influenced by macroeconomic uncertainties and slowing ETF flows. Experts warn against immediate post-halving rally expectations, pointing to historical longer-term price ascents.
Full articleSummary: Starbucks reported a same-store sales decline for the first time in almost three years due to declining global sales, issues in China and Middle East, bad weather, and cautious consumers. The company revised its annual fiscal guidance to reflect a more reserved growth outlook.
Full articleSummary: AI specialist Super Micro Computer's robust financial results were not enough for investors leading to a bearish sentiment in the AI space. Despite that, Micron Technology has announced positive news by being the first to ship critical memory used for AI.
Full articleSummary: MetLife, Inc. has released a supplemental slide presentation summarizing its first-quarter financial performance and a new $3 billion stock repurchase authorization, potentially boosting investor confidence.
Full articleSummary: Arlo Technologies, Inc. announced equity grants to new employees under its 2018 Equity Incentive Plan, including restricted stock units (RSUs) and performance-vesting RSUs (PSUs), with vesting terms detailed. The grants are contingent on continued service with the company.
Full articleSummary: MetLife Inc. reported first-quarter net income of $867 million, with adjusted earnings of $1.83 per share, matching Wall Street expectations but falling short on revenue.
Full articleSummary: Multiple financial analysts have adjusted their target prices for various companies. Notably, Guggenheim, JP Morgan, and Stifel have cut the target price of 10X Genomics Inc (TXG) shares. Conversely, Jefferies and JP Morgan have raised target prices for 3M Co (MMM.N) shares. Various other companies like Amazon.Com Inc (AMZN), ACI Worldwide Inc (ACIW), and Advanced Micro Devices Inc (AMD), among others, have also witnessed target price adjustments by different analysts.
Full articleSummary: Stevanato Group, a global provider of drug containment, drug delivery, and diagnostic solutions, will present at the Bank of America Securities Healthcare Conference on May 15, 2024, with a live webcast available. The Group focuses on scientific research, technical innovation, and engineering excellence in offering value-added solutions to clients.
Full articleSummary: Fortive Corporation will be presenting at the Bank of America Transportation, Airlines, and Industrials Conference 2024
Full articleSummary: U.S. stocks ended mixed after Fed Chair Jerome Powell hinted at possible delays in interest rate cuts, leading to market uncertainty and volatility. Powell expressed concerns about stubbornly high inflation and hinted at a slower rate of interest rate cuts, resulting in a fall of S&P 500 but rise in Dow Jones Industrial Average. Stocks like CVS Health, Starbucks, Super Micro Computer, and Advanced Micro Devices tumbled on weaker results, while Amazon climbed after reporting stronger profits.
Full articleSummary: MetLife Inc. reported first-quarter net income of $867 million, with earnings per share of $1.10 and adjusted earnings of $1.83 per share, in line with Wall Street expectations. However, the adjusted revenue of $17.02 billion fell short of Street forecasts.
Full article