Summary: Exxon Mobil Corporation reported a Q1 2024 earnings miss with an EPS of $2.06 compared to the expected $2.20. Despite this, the company highlighted significant value creation, strong cash flow, ongoing cost-saving efforts, distribution of cash to shareholders, and plans to ramp up buybacks post-close of the Pioneer merger.
Full articleSummary: Beyond, Inc. expands investment in Salesforce to drive actionable insights from customer data.
Full articleSummary: Former Google workers filed a complaint accusing Google of retaliating against them for protesting the company’s cloud-computing contract with Israel’s government, resulting in terminations; ongoing protests reported
Full articleSummary: Embraer is considering developing a next-generation narrow-body aircraft to challenge Boeing and Airbus in the large jets market segment. The company is exploring potential financial and industrial partners, including Saudi Arabia's Public Investment Fund and manufacturing firms in Turkey, India, and South Korea. Embraer has ambitions to compete with Boeing and Airbus, especially amidst Boeing's ongoing crisis with its 737 MAX jets.
Full articleSummary: Intel announced surpassing 500 AI models running optimized on new Intel Core Ultra processors, facilitating development and deployment across various AI categories such as large language, object detection, and computer vision.
Full articleSummary: Eli Lilly increased its full-year revenue projection by $2 billion, driven by heightened demand and robust sales of its weight-loss and diabetes drugs. Efforts are underway to boost manufacturing capabilities to meet supply increments.
Full articleSummary: Intel announced that it had surpassed 500 AI models running optimized on new Intel Core Ultra processors, representing a landmark moment for Intel's efforts in AI PC transformation.
Full articleSummary: Lawsuit filed by daily newspapers against OpenAI and Microsoft for allegedly stealing copyrighted articles to train ChatGPT, causing misinformation and damaging publishers' reputation.
Full articleSummary: Starbucks is set to roll out its own version of boba, named Pearls, this summer. CEO Laxman Narasimhan mentioned that this is the first of more texture-based innovations in the coming years.
Full articleSummary: KRAFT Heinz missed Wall Street estimates for first-quarter sales due to inflation-weary consumers pushing back against higher-priced products. Overall volumes fell while prices rose, with the company planning targeted price increases on products facing higher raw material costs.
Full articleSummary: GE Aerospace (NYSE: GE) reported a strong earnings beat, raised guidance, and had its price target raised by Wells Fargo analyst, indicating a 17% upside potential. However, concerns over its high valuation and growth sustainability persist.
Full articleSummary: Starbucks is launching 'Pearls,' which are actually popping boba, as part of its summer menu, but is positioning it as a 'texture innovation.' This move comes after weaker quarterly earnings and forecasts of falling traffic, aiming to attract customers with the rising popularity of boba in the U.S.
Full articleSummary: FedEx Express celebrates its 40th anniversary by conducting a beach clean-up activity and supporting sustainable programs through a partnership with local non-profit Gawad Kalinga Community Development Foundation.
Full articleSummary: Securitize closed a $47m strategic funding round led by BlackRock and other financial giants to accelerate product development, expand global footprint, and enhance partnerships. BlackRock also launched the BlackRock USD Institutional Digital Liquidity Fund on Ethereum through Securitize.
Full articleSummary: Intel releases video showcasing renderings for New Albany campus with construction expected to be completed in 2026.
Full articleSummary: Nvidia stock fell after AMD disappointed investors with its guidance, leading to a slump in semiconductor stocks overall.
Full articleSummary: Nike has retained the kit supply rights for the French Football Federation (FFF) through the 2026 FIFA World Cup, with a new cycle from 2026-27 to 2033-34. The deal is worth significantly more than the current agreement set at just over €50.5 million. Nike has proven to be the most convincing market player in the tender process.
Full articleSummary: Intel Corporation is set to hold its Annual General Meeting on 7th of May, where shareholders may scrutinize the CEO's compensation package that includes a US$1.07m salary. The total compensation mirrors the industry average. Over the last three years, the company faced a 42% total loss to shareholders.
Full articleSummary: An analyst at RBC Capital cut the price target for Meta Platforms (NASDAQ: META) by $30 but maintained the 'buy' rating. The analyst mentioned concerns about an accelerated artificial intelligence (AI) investment cycle, despite noting the potential of AI for Meta's future.
Full articleSummary: Securitize closed a $47 million strategic funding round led by BlackRock to accelerate product development and expand its global footprint. BlackRock's USD Institutional Digital Liquidity Fund has attracted notable involvement from financial institutions and lives on Ethereum itself through investments in Securitize.
Full articleSummary: PayPal (PYPL -3.19%) beat all analysts' estimates in its first-quarter earnings report but the stock price has not reacted much yet.
Full articleSummary: Intel Corporation (INTC) reported worse-than-expected first-quarter sales results and issued weak EPS guidance. The company beat earnings estimates but missed sales estimates. Intel provided lower-than-expected guidance for the second quarter. The stock price of INTC fell 2.8% to close at $30.47.
Full articleSummary: Tech companies, including Meta, are facing challenges balancing efficiency with innovation in their workforce strategies. The emphasis on cutting costs and increasing spending on technologies like generative AI has spooked investors, causing concern about the impact on market returns.
Full articleSummary: CVS Health stock plunged after disappointing Q1 earnings report and lowered guidance for the year due to struggles with Medicare costs, resulting in lower profits and bottom-line weakness.
Full articleSummary: GE Aerospace, a spinoff from General Electric, reported strong earnings beat and raised guidance, leading to a price target raise by Wells Fargo analyst to $192 per share. However, concerns arise about sustaining growth in the future due to high valuation and potential challenges in meeting expectations.
Full articleSummary: Intel has issued new guidelines to address stability issues with its Intel Core i9 13th and 14th Gen processors by recommending new BIOS settings for motherboard partners. These settings aim to combat crashing and booting problems, although they are seen as temporary solutions as Intel continues to investigate the root cause of the issues.
Full articleSummary: Comcast/Xfinity no longer has a deal to carry Bally Sports North, affecting the availability of Minnesota Twins games to fans. This comes after unsuccessful contract negotiations between Comcast and Diamond Sports Group, causing a public relations nightmare for the Twins. The blackout adds to the disappointment felt by fans due to previous difficulties surrounding broadcast partnerships.
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