Summary: PayPal (NASDAQ: PYPL) reported impressive first-quarter earnings, exceeding analysts' expectations, but the stock price remained largely unchanged.
Full articleSummary: Texas Attorney General's staff met with Wells Fargo & Co. and RBC Capital Markets executives regarding probe into Wall Street banks' supposed boycott of the fossil fuels industry.
Full articleSummary: Intel has made progress in bringing quantum-computing microchips closer to reality by fabricating silicon qubits on a wafer, a key step towards quantum computers of sufficient scale for real-world applications.
Full articleSummary: The U.S. truck freight market contracted significantly in the first quarter of 2024, with spending falling 27.9% and shipment volume dropping 21.6% compared to a year earlier.
Full articleSummary: PayPal and other credit card companies like Bread Financial and Synchrony are bracing for the impact of an impending Consumer Financial Protection Bureau $8 cap on credit card late fees, which is expected to reduce earnings.
Full articleSummary: Texas Instruments (TXN) saw its Relative Strength Rating improve from 69 to 72. Texas Instruments broke out earlier but has fallen back below the prior entry point. The company posted negative growth for both the top and bottom lines last quarter.
Full articleSummary: Tesla is rolling out a new Autopark feature with differences in visuals based on whether the vehicle has an Intel Atom or AMD Ryzen processor. AMD vehicles show a complete 3D reconstruction while Intel vehicles display a two-dimensional overhead view.
Full articleSummary: Coca-Cola's chief executive mentioned the US consumer remains in good shape with a shift towards consuming slightly more at home due to lower prices, despite some compression in purchasing power for lower-income groups. The company reported a rise in first-quarter profits and lifted its full-year projections.
Full articleSummary: Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. due to tail lights issue. This is the second recall in less than a month for Maverick trucks.
Full articleSummary: IBM announces an agreement to deploy a 133-qubit Heron processor quantum computer at the Riken Center for Computational Science in Kobe, Japan, which will be colocated and integrated with the organization’s existing Fugaku supercomputer. This marks a milestone in combining quantum and classical computing resources.
Full articleSummary: The stock market opened flat as investors awaited the Federal Reserve's interest rate decision. Amazon stock rose by nearly 3% after reporting better-than-expected revenue. Super Micro Computer dropped more than 15% due to missing revenue expectations. CVS Health stock fell to a three-year low, and Starbucks disappointed on earnings. Bitcoin dropped to $57,000, entering a bear market.
Full articleSummary: McDonald's is testing a larger burger in select markets after announcing positive Q1 2024 earnings, with a 2% quarterly jump in global comparable sales growth.
Full articleSummary: Comcast and Charter Communications were significant customers of Harmonic in Q1 2024, representing about 46% and 17% of the company's revenues respectively. Harmonic announced the introduction of Beacon Intelligent Speed Maximizer to boost HFC network performance.
Full articleSummary: FMCG giants Mondelēz and Coca-Cola reported strong Q1 sales results despite lower unit volumes, attributed to shoppers choosing pricier confectionery and soft drinks. Mondelēz exceeded market expectations with a goss profit of £3.89bn ($4.75bn) and international sales rising by 1.4%. Coca-Cola experienced heightened consumer demand, saw a 6% rise in international gross profits and a 3% growth in net revenue.
Full articleSummary: Comcast Xfinity has dropped the broadcast of the Bally Sports channel, leading to fans unable to watch their favorite local teams. Comcast is set to credit impacted customers between $8 and $10 per month for the loss of access to Bally Sports Regional Networks.
Full articleSummary: Simon Property (SPG) is predicted to post quarterly earnings of $2.80 per share, a 2.2% increase from the same period last year, with revenues expected to be $1.41 billion, a 4.2% year-over-year increase. Analysts have downwardly revised EPS estimate by 0.2% over the last 30 days.
Full articleSummary: JP Morgan Chase discovered a data breach affecting over 451,000 retirement plan participants, exposing sensitive information such as names, addresses, Social Security numbers, payment details, and bank routing/account numbers. The breach was due to a software flaw allowing unauthorized access by three system users, not a cyberattack.
Full articleSummary: Shares of Advanced Micro Devices Inc. declined over a disappointing forecast for artificial intelligence processors, citing supply constraints impacting its MI300 lineup and weaker demand for chips used in video game hardware. AMD's tepid revenue forecast for the current quarter further contributed to the decline.
Full articleSummary: Diamond Sports Group fails to reach a deal with Comcast for Bally Sports networks, resulting in a blackout affecting several major markets. Comcast plans to credit affected subscribers $8 to $10 per month until the blackout ends.
Full articleSummary: Kraft Heinz has entered into a new new licensing agreement with TGI Fridays to sell branded frozen appetizers in North America.
Full articleSummary: Coca-Cola Europacific Partners celebrates 60th anniversary of its Scottish manufacturing plant in East Kilbride, showcasing community involvement and commitment to sustainability initiatives.
Full articleSummary: Emerson Electric (EMR) is expected to report a year-over-year increase in earnings and revenues for the quarter ended March 2024, with an EPS estimate of $1.26 per share, representing a change of +15.6%. The Earnings ESP for Emerson Electric is +1.99%, indicating a likelihood of beating the consensus EPS estimate.
Full articleSummary: Caterpillar (CAT) should be on investors' watchlist due to its strong growth fundamentals, good Zacks Rank, and strong Growth and VGM Style Scores.
Full articleSummary: Kraft Heinz missed Wall Street estimates for first-quarter sales due to inflation-weary consumers pushing back against higher prices. The company expects similar second-quarter organic sales due to unplanned maintenance and plans to target price increases for products with higher raw material costs.
Full articleSummary: Quest Diagnostics and PathAI announced a collaboration to accelerate the adoption of digital and AI pathology innovations to improve cancer diagnosis and other diseases. Quest will acquire select assets of PathAI Diagnostics and license PathAI's AISight™ digital pathology image management system.
Full articleSummary: Colgate-Palmolive Co has a Momentum Rank of 2, calculated using standardized momentum ratio and other momentum indicators. The ranking methodology focuses on the 70th percentile of the momentum ratio.
Full articleSummary: Colgate-Palmolive Co's Peter Lynch Fair Value is calculated based on the growth rate, with fair P/E value for a growth company equals its growth rate. Different growth rate calculation methods are used for non-bank companies and banks.
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