Summary: Intuit has introduced a new role called head of employee listening to track workers' feedback and improve the company's workforce strategy. The role aims to uncover unique insights to empower employees for better performance.
Full articleSummary: Microsoft's worry about Google's advancements in artificial intelligence in 2019 led to its investment in OpenAI, which has proven successful for the company. The emails were revealed as part of the DOJ's antitrust case against Google.
Full articleSummary: Aircraft lessor DAE is set to receive only half of the promised Boeing planes this year due to delivery delays.
Full articleSummary: American Tower Corporation reported strong financial results for the first quarter of 2024, with total revenue increasing by 2.4% to $2,834 million, net income growing by 192.6% to $922 million, and AFFO attributable to AMT common stockholders rising by 10.0% to $1,303 million. The company's CEO highlighted the robust demand across their asset platforms and positive outlook with increasing activity across various regions.
Full articleSummary: Wells Fargo analyst maintained a Buy rating on McDonald’s with a price target of $300.00. The Street suggests a Moderate Buy analyst consensus rating for McDonald’s with a $317.95 average price target. KeyBanc also maintained a Buy rating on the stock with a $310.00 price target.
Full articleSummary: Negotiations broke down between Comcast and Bally Sports' owner leading to Twins games not being available on Comcast due to Diamond Sports' bankruptcy proceedings.
Full articleSummary: Microsoft confirms that the April 2024 Windows security updates break VPN connections across client and server platforms. The affected Windows versions include Windows 11, Windows 10, and Windows Server 2008. Microsoft is investigating the issue and advises home users to use the Windows Get Help app for support.
Full articleSummary: Comcast and Diamond Sports Group are in a dispute over carrying Bally Sports, resulting in Comcast customers not being able to access Braves games. Comcast is issuing credits to customers for the loss of the network. Diamond Sports Group, in bankruptcy proceedings, offered terms to Comcast which were declined. Comcast suggests customers use alternative providers like FuboTV or DirecTV to access the games.
Full articleSummary: CVS Health reported a 3.7% increase in first-quarter revenues, driven by growth in health care benefits and pharmacy & consumer wellness segments. However, the company's GAAP diluted EPS and adjusted EPS decreased due to pressure in the Medicare business. CVS Health revised its full-year 2024 guidance downward, anticipating continued elevated medical cost trends.
Full articleSummary: Oracle has proven its ability to reinvest capital at good rates of return, reflected in its ROCE of 14%, which is much better than the industry average. The company has shown consistent returns over the past five years, leading to a 128% return for long-term investors.
Full articleSummary: Booking Holdings will release its first quarter 2024 financial results on May 2, 2024, and will hold a conference call to discuss the results.
Full articleSummary: Bank of America Corporation has crossed a threshold in voting rights of EasyJet Plc, significantly increasing its stake in the UK-based airline.
Full articleSummary: Wynn Capital LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter, while CEO and other insiders have been selling shares. Wall Street analysts have been issuing mixed ratings on JPMorgan Chase & Co., with a consensus target price of $192.05. The firm has also recently increased its dividend.
Full articleSummary: Pfizer (PFE) shares rise in pre-market trading and after market open as the pharmaceutical company increases full-year profit outlook and beats first-quarter earnings estimates.
Full articleSummary: Comcast Xfinity dropped Bally Sports channels from its list, leading to frustration among viewers. Diamond Sports, the owner of Bally Sports, has been struggling financially and is currently restructuring through bankruptcy. Bally Sports encouraged viewers to contact Comcast to restore broadcasting of local sports.
Full articleSummary: Warren Buffett has had a long track record of outperforming the S&P 500 index with Berkshire Hathaway, with three of the key 'Buffett stocks' right now being Visa, Coca-Cola, and Amazon.
Full articleSummary: Coca-Cola and Pepsi shareholders rejected proposals for reports on health risks of non-sugar sweeteners.
Full articleSummary: JPMorgan Chase & Co. (JPM) closed higher than the S&P 500 in the latest session, with upcoming expected EPS and revenue growth. Analysts' revisions are positive, indicating optimism about the company's profitability and stock price momentum.
Full articleSummary: AdGPT, a startup utilizing AI for automatic creation of ads across various platforms, including Facebook, Instagram, and Google, came out of stealth mode. The tool aims to cater to small to midsize businesses as an affordable ad agency replacement. It uses a combination of machine learning techniques to generate ads that have shown to convert better.
Full articleSummary: BlackRock led a $47 million funding round for Securitize, a tokenization firm focusing on bringing physical and traditional assets onto the blockchain, as part of BlackRock's digital assets strategy to transform capital markets infrastructure.
Full articleSummary: Alphabet (GOOG, GOOGL) stock surged to all-time high after strong Q1 earnings report, initiating buyback plan and dividend. Analysts expect revenue to rise 13% in 2024 and 11% in 2025, with expanding margins and EPS growth projected.
Full articleSummary: Intuit Inc. celebrates its fourth annual Small Business Success Month in May, providing tools, resources, and funding to drive the success of small businesses. Activities include small business advocacy in Washington D.C., a Small Business Hero Day, a grant program, promoting prompt pay for small businesses, and creating a hub on the QuickBooks Blog.
Full articleSummary: American Tower Corporation misses on earnings expectations in Q1 2024 with reported EPS of $0.00196 versus expectations of $2.55. Company discusses strong performance driven by mobile network upgrades and 5G rollouts in the US and globally. No major M&A activities planned beyond the India sale. India sale to Brookfield expected in the second half of the year with total proceeds up to $2.5 billion.
Full articleSummary: Starbucks reported disappointing quarterly results with a decline in same-store sales in the US and China, leading to a more cautious revenue outlook. The company is implementing a turnaround plan focused on improving service speed, expanding promotions, and menu changes to attract more customers.
Full articleSummary: Apollo Health & Lifestyle Limited has chosen Oracle Fusion Cloud ERP to optimize financial operations and increase productivity. The company will eliminate manual processes, improve reporting accuracy, align financial planning, and gain insights for better decisions. This migration aims to streamline processes and focus on compliance.
Full articleSummary: Bank of America President of International Bernard Mensah will participate in the Barclays Americas Select Franchise Conference on May 8. Bank of America is one of the world’s leading financial institutions.
Full articleSummary: CVS Health (CVS) shares falling after revising full-year guidance downward due to rising medical costs and weaker-than-expected first quarter results.
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