Summary: MetLife reported lower than expected EPS and revenue for the first quarter. The stock price closed at $71.87, showing positive returns in the last 3 and 12 months.
Full articleSummary: Sam's Club has introduced AI-powered technology to confirm members' purchases at store exits, aiming to enhance customer experience, increase speed at exit, and reduce wait times. This move is part of a broader trend in the retail industry towards integrating AI capabilities into shopping experiences.
Full articleSummary: Comcast dropped St. Louis Cardinals broadcaster Bally Sports, affecting fans in central Illinois. Comcast will credit customers' bills for the coverage gap. Diamond and Comcast blame each other for failed negotiations.
Full articleSummary: BlackRock announced distributions for certain closed-end funds. The distributions are part of managed distribution plans to provide a level monthly distribution of income, capital gains, and/or return of capital.
Full articleSummary: Google lays off at least 200 employees in the Core engineering group, with some roles moving to India or Mexico.
Full articleSummary: Analysts from Bank of America Securities and Seaport Global issued Buy ratings on Sonoco Products (SON) while Wells Fargo reiterated a Hold rating. Corporate insider sentiment is negative due to increased selling by insiders. Sonoco Products engages in the manufacture of industrial and consumer packaging products.
Full articleSummary: PayPal Holdings Inc. reported its first-quarter results with analysts maintaining different ratings and adjusting price targets. The company delivered higher-than-expected results for Q1 due to transaction margin growth and opex discipline, but shares of PYPL were trading lower by 2.6% after the report.
Full articleSummary: A federal appeals court reversed a $1.6 billion judgment against IBM Corp due to an error in interpretation of a breach of contract claim.
Full articleSummary: American Airlines has cut about a dozen routes due to problems with Boeing 787 Dreamliner, affecting flights at DFW Airport and destinations like Hawaii, Dublin, and Rome. The airline will only receive half of the new planes it expected this year.
Full articleSummary: Deep-pocketed investors have adopted a bearish approach towards NextEra Energy (NEE) with significant options activities, suggesting a potential big move. The sentiment among investors is divided, with 40% bullish and 50% bearish. The stock's predicted price range by whales is $60.0 to $75.0 over the last 3 months.
Full articleSummary: Starwood Capital Group, Crescent Real Estate LLC, and High Street Real Estate Partners completed the sale of the award-winning 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Hotels and Resorts. The development is recognized for its eco-friendly design and luxury guest experiences.
Full articleSummary: Apple is enhancing the integration between Calendar and Reminders apps in the upcoming iOS 18 and macOS 15, allowing users to manage events and reminders seamlessly from a single app interface.
Full articleSummary: MetLife Inc. reported increased earnings and revenue for the first quarter compared to last year.
Full articleSummary: NYC Comptroller urges shareholders to vote against Amin Nasser, CEO of Saudi Aramco, for a seat on BlackRock's board citing conflicts of interest and climate concerns.
Full articleSummary: Diamond Sports, which owns channels with rights to 38 MLB, NBA, and NHL teams, facing impasse with Comcast which could impact its ability to emerge from bankruptcy and have a significant impact on the leagues.
Full articleSummary: Stevanato Group is set to present at the Bank of America Securities Healthcare Conference on May 15, 2024, showcasing its solutions for the pharmaceutical, biotechnology, and life sciences industries.
Full articleSummary: JPMorgan Chase faces the risk of its Russia assets being seized after lawsuits in Russian and U.S. courts due to legal challenges over its dealings in the country.
Full articleSummary: Microsoft received a warning that Google had gotten ahead on AI and might never catch up without investing in OpenAI. Subsequently, Microsoft invested $1 billion in OpenAI, with billions more invested through an extended partnership agreement. The European Union investigated whether Microsoft was quietly controlling OpenAI due to significant financial ties.
Full articleSummary: CNH Industrial (NYSE: CNHI) announces that its common shares will begin trading under the symbol 'CNH' starting May 20, 2024, replacing the current ticker symbol 'CNHI'. The ticker symbol for the Company's 3.850% Notes due 2027 will also change from 'CNHI 27' to 'CNH 27' at the same time.
Full articleSummary: MetLife Inc. reported an increase in earnings for its first quarter, with earnings of $800 million or $1.10 per share compared to $14 million or $0.02 per share in the same period last year. Excluding items, adjusted earnings were $1.33 billion or $1.83 per share. Revenue for the quarter also rose 4.4% to $16.06 billion.
Full articleSummary: A former Boeing employee and whistleblower, John Barnett, was mysteriously found dead in South Carolina, raising concerns over safety issues he had exposed. The incidents come at a time when Boeing is facing increased scrutiny and has experienced a significant stock price decrease.
Full articleSummary: Fortive Corporation announced that its executives will be presenting at a conference on May 15th, 2024. Fortive is a provider of essential technologies for connected workflow solutions across various markets.
Full articleSummary: A former UPS driver has filed a lawsuit against United Parcel Service Inc., alleging racial discrimination and unfair treatment by a supervisor, seeking damages for lost wages and non-pecuniary losses.
Full articleSummary: JP Morgan Chase offers initiatives to support Atlanta-area entrepreneurs through workshops on financial planning and business loans, including 'The Experience Atlanta' event
Full articleSummary: Apple Inc. is preparing to release its Q2 earnings report with analysts projecting revenue of $90.3 billion and EPS of $1.50. Potential headwinds faced by the tech giant are discussed by experts.
Full articleSummary: Apple expected to report a 4.75% year-over-year revenue decline in Q2 due to a 19% drop in iPhone sales in China. Despite low expectations, potential bright spots include growth in services revenue and gross margin improvement. Apple gearing up for WWDC in June where it may unveil generative AI integration.
Full articleSummary: Google and Amazon are reluctant to discuss their involvement in providing cloud services to the Israeli government, including working with state-owned weapons manufacturers for cloud computing needs. The procurement document outlines the obligations of Israeli entities to use Amazon and Google for cloud services, raising concerns about human rights implications and complicity in Israeli military operations. The revelation has sparked backlash and protests against Google and Amazon's roles in Project Nimbus.
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