Summary: Federal Reserve decided to leave interest rates unchanged due to higher-than-expected inflation, indicating a delay in rate cuts.
Full articleSummary: Cisco has a comprehensive and growing set of IoT products providing a single-vendor core approach while supporting standards for third-party product integration. They offer a wide range of sensors and networking equipment for industrial, healthcare, and retail sectors. This IoT ecosystem includes LoRaWAN support, industrial edge computing products, and management tools like Cisco Cyber Vision and Industrial Asset Vision.
Full articleSummary: American Tower recorded growth in tenant billings across all markets in Q1, SBA Communications sees elongated spending cycle due to high cost of capital, Welltower anticipates 2024 to be an active year for capital deployment.
Full articleSummary: Stock indexes fell as investors awaited the Federal Reserve's interest rate decision and comments from Fed Chairman Jerome Powell. Amazon, AMD, and Super Micro Computer had mixed results after reporting earnings. The tech-focused Nasdaq composite and S&P 500 dropped, with the Nasdaq declining 0.3% after the opening bell. Oil prices also dropped, and there was news of private employers adding 192,000 jobs in April.
Full articleSummary: New York City Comptroller urges BlackRock Inc. shareholders to vote against Saudi Aramco CEO Amin Nasser's election to the board due to potential conflicts of interest regarding decarbonization strategy.
Full articleSummary: Lowe’s is offering a 50% discount on the Craftsman 159-Piece Mechanics Tool Set, now priced at $99 for National Home Improvement Month.
Full articleSummary: Securitize has raised $47 million in a strategic funding round led by BlackRock. The funding will be used for product development, expansion, and partnerships. BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Securitize's partnership with BlackRock, has become the largest tokenized treasury fund with a market cap of $375 million.
Full articleSummary: Wells Fargo shareholders rejected a proposal for a third-party monitor to examine employee unionization rights. CEO expressed opposition to unionization efforts and highlighted importance of direct communication. Shareholders approved executive compensation plan with a significant raise for the CEO.
Full articleSummary: Bristol-Myers Squibb (NYSE:BMY) hit a new 52-week low and experienced a drop in stock price, and analysts have set lower price targets on the company. The company also recently posted its earnings results, surpassing EPS estimates but with a negative net margin. However, it announced a quarterly dividend with a yield of 5.43%.
Full articleSummary: Chevron Corp. CEO stated that the company has no plans for new capital investment in Venezuela and is self-funding its operations from cash flow. Chevron's ability to operate in Venezuela under GL 41 has resulted in a significant increase in production. The planned acquisition of Hess Corp. for its interest in the Stabroek Block offshore Guyana is facing challenges from Exxon Mobil Corp. and CNOOC.
Full articleSummary: Costco.com offers a variety of items that are only available online, including sports memorabilia, caskets, patio furniture, gourmet food, and hardwood flooring.
Full articleSummary: Microsoft became concerned about Google's AI capabilities, leading to an investment in OpenAI in 2019. This investment has proven to be beneficial for Microsoft, allowing quick incorporation of OpenAI's technology into products like Bing and Microsoft 365.
Full articleSummary: Intel announced it will spend $36 billion to expand and modernize its Ronler Acres facilities in Washington County, Oregon, which will put the region's power grid to the test. The federal government will contribute $8.5 billion to this expansion, with additional $11 billion available in loan support from the CHIPS and Science Act. This investment is a part of Intel's $100 billion in capital expenditures planned for the next five years across various states.
Full articleSummary: Cannell & Co. decreased its holdings in Bristol-Myers Squibb by 8.4% in the 4th quarter, with the institutional investor selling 25,073 shares. Several other hedge funds and institutional investors have also bought and sold shares. Analyst reports for BMY have varied ratings from sell to buy, with an average rating of Hold and an average price target of $60. Bristol-Myers Squibb has recently announced a quarterly dividend of $0.60 per share with a yield of 5.43%.
Full articleSummary: Google, a subsidiary of Alphabet Inc., is restructuring its Core teams by laying off at least 200 employees and moving some roles to India and Mexico. This move comes ahead of Google's blowout first-quarter earnings report on April 25.
Full articleSummary: PayPal Holdings Inc (PYPL) shares fell in early trading on Wednesday after reporting first-quarter results. Several analysts maintained positive ratings but adjusted price targets based on the results, citing strong transaction margin growth and positive company initiatives.
Full articleSummary: McDonald's and Burger King are facing pricing issues and sales crunch amid inflation, prompting them to reevaluate their marketing strategies and invest in digital capabilities to drive profitability.
Full articleSummary: Bank of America's U.S. economist anticipates solid payrolls growth of 250,000 jobs for April, with rising wage pressures and potential impacts from the recent increase in minimum wage law in California.
Full articleSummary: CVS Health Corp. missed first-quarter earnings expectations, cut full-year profit outlook, and experienced challenges in health services and Medicare businesses.
Full articleSummary: Findings from a phase 2 study conducted in China showed that nearly 50% of patients with pretreated, locally advanced non-small cell lung cancer with a KRAS G12C mutation responded to treatment with glecirasib, a KRAS G12C inhibitor by Jacobio Pharmaceuticals. Glecirasib showed promising response and survival outcomes compared to current FDA-approved KRAS G12C inhibitors, although it had a higher hepatotoxicity rate.
Full articleSummary: Intel has optimized over 500 AI models for its new Intel Core Ultra processors, demonstrating a commitment to advancing client AI and providing capabilities for immersive graphics, enhanced AI experiences, and improved battery life.
Full articleSummary: CACI International Inc will participate in the Bank of America Securities 31st Annual Transportation, Airlines and Industrials Conference with a live audio webcast available for investors.
Full articleSummary: CACI International Inc announced its participation in the Bank of America Securities 31st Annual Transportation, Airlines and Industrials Conference with a live audio webcast available for investors.
Full articleSummary: New York City Comptroller Brad Lander is urging BlackRock Inc. shareholders to vote against the election of Amin Nasser, CEO of Saudi Aramco, as an independent member of the board due to potential conflicts of interest related to BlackRock's decarbonization strategy.
Full articleSummary: Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. due to an issue with the tail lights, which may not illuminate while the trucks are moving.
Full articleSummary: Warren Buffett's deputies, Todd Combs and Ted Weschler, are trailing both their mentor and the market in managing Berkshire Hathaway’s $354bn stock portfolio. Their investments have often lagged behind the S&P 500 and Buffett himself, raising questions about the future performance of Berkshire's portfolio under their leadership.
Full articleSummary: Nvidia launches an updated chatbot app called ChatRTX that allows users to train their own large language model on local content from their PC, supports speech-to-text, multiple languages, and can sort through image folders based on content. It features updated language models and supports various file formats, but struggles with follow-up questions to previous queries.
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