Summary: Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. due to tail lights not illuminating properly, which could increase the risk of a crash. The recall covers certain pickups from the 2022 through 2024 model years, but there are no reports of crashes or injuries so far. Dealers will update the software to fix the issue at no cost to owners.
Full articleSummary: Better-than-expected sales at cloud computing units of technology firms like Amazon, Microsoft, and Alphabet indicate a rebound in spending by corporate customers driven by interest in artificial intelligence.
Full articleSummary: Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. due to tail lights not illuminating properly, with the risk of increasing crashes. The recall covers certain pickups from the 2022 through 2024 model years.
Full articleSummary: Mixed U.S. stocks as markets digest disappointing earnings, awaiting comments from Fed Chair Powell. Super Micro Computer and Advanced Micro Devices tumble, while Amazon's earnings beat estimates. Focus on Fed's interest rate decision and Chair Powell's comments.
Full articleSummary: The Kraft Heinz Company (Nasdaq: KHC) announced a regular quarterly dividend of $0.40 per share of common stock payable on June 28, 2024, to stockholders of record as of June 6, 2024.
Full articleSummary: Amazon, Target, and Babylist have decided to stop selling weighted infant sleep sacks and swaddles due to safety concerns raised by health organizations. This decision follows concerns about the risk of suffocation and the restriction of movement caused by these products. Government officials have also requested an investigation into the safety claims of manufacturers like Dreamland Baby and Nested Bean.
Full articleSummary: CVS Health Corp (CVS) disclosed its first-quarter financial results, reporting revenue at $88.4 billion, up 3.7% year-over-year, but net income, EPS, operating income fell short of estimates. Revised full-year guidance down due to ongoing challenges in its Medicare business.
Full articleSummary: PayPal's first-quarter earnings report beat analysts' estimates but the stock price remained relatively unchanged.
Full articleSummary: BlackRock TCP Capital Corp. (TCPC) reported a first-quarter profit of $5.1 million, with earnings of 45 cents per share and revenue of $55.7 million.
Full articleSummary: The U.S. truck freight market contracted significantly during the first three months of 2024 with spending falling by 27.9% and shipment volume dropping 21.6% compared to a year earlier.
Full articleSummary: Pfizer Inc. reports strong first-quarter profit and revenue, beating analyst expectations, thanks to sales growth in cancer and heart-disease treatments that helped offset the decline in COVID-19-related product sales. The company is focusing on new growth opportunities and cost-cutting measures.
Full articleSummary: Pfizer reported better-than-expected first-quarter revenue, raised its full-year profit outlook, and benefitted from cost-cutting efforts and strong sales of non-Covid products. The company is on track to deliver at least $4 billion in savings by the end of the year.
Full articleSummary: BlackRock leads a $47 million funding round for Securitize, making it the transfer agent for BlackRock's first tokenized fund on a public blockchain.
Full articleSummary: Corelight, a network security startup, has raised $150 million in Series E funding led by Accel, Cisco Investments, and CrowdStrike Falcon Fund. The funding will accelerate AI-driven security innovation and partnerships with leading cybersecurity platforms.
Full articleSummary: Google Pixel 8a rumored to be priced identically to Pixel 7a in the US market at $499 for 128GB and $599 for 256GB. Leaked renders show five case options including a coral-like hue. Official announcement expected at Google's I/O developer conference on May 14 with Tensor G3 chipset, 6.1-inch 90Hz OLED screen, 4,500 mAh battery, and more.
Full articleSummary: Nvidia has become the third largest company in the world, outgrowing Tesla, Meta, Alphabet, Amazon, and Saudi Aramco. The company reported a quarterly revenue growth of +265% year on year, with its data-center segment growing +409% year on year. Despite the impressive growth, there are concerns about the sustainability of such rapid expansion and the need for diversification in investing in AI-related companies.
Full articleSummary: Pfizer reported first-quarter results beating Wall Street estimates, lifted annual profit forecast, and highlighted strong sales of its pneumonia vaccine and cancer treatment Padcev. The company also raised its 2024 profit forecast range. However, sales of Adcetris fell short of expectations, impacting the stock performance.
Full articleSummary: A Delaware judge dismissed a shareholder lawsuit asserting claims about Meta's prioritization of profits over societal and economic interests, including shareholders' diversified investments in other companies.
Full articleSummary: Fool.com contributor Parkev Tatevosian discusses the choices that led to the development of Intel's foundry segment. The Motley Fool Stock Advisor team did not include Intel in the list of 10 best stocks they believe could produce significant returns in the coming years.
Full articleSummary: Alphabet's stock surged 10% to its all-time high after posting strong first quarter earnings, approving a new buyback plan and initiating its first-ever dividend. Analysts expect continued growth in revenue and margins, and the stock could potentially rise to about $193 over the next 12 months.
Full articleSummary: Coca-Cola Co. reported an increase in net income, revenue, and volume in the first quarter, leading to an update in its 2024 fiscal year guidance, despite charges related to acquisitions cutting into operating margins.
Full articleSummary: Tesla has fired the team running its electric vehicle charging business, which raises concerns about the future of the charging network. Other major automakers like General Motors and Ford have committed to using Tesla's charging technology. Tesla plans to focus more on the expansion of existing locations rather than new ones.
Full articleSummary: Ford is recalling over 240,000 vehicles due to tail lights that fail to illuminate, reducing vehicle visibility and increasing crash risk. The recall affects certain 2022-2024 Maverick vehicles. Dealers will update the BCM software free of charge.
Full articleSummary: CVS Health missed first-quarter expectations and reduced its 2024 outlook, causing shares to plunge due to rising costs in its Medicare Advantage business.
Full articleSummary: Kraft Heinz missed Wall Street expectations for first-quarter sales due to inflation-weary consumers and volumes decline, but maintained its fiscal year 2024 targets.
Full articleSummary: CVS Health (CVS) posted first-quarter results missing estimates due to 'utilization pressure' in Medicare business. CVS also slashed its full-year outlook, expecting cost pressures to persist. The pessimistic view affected other managed care players like UNH and HUM.
Full articleSummary: Booking Holdings (NASDAQ:BKNG) will be reporting Q1 results, with analysts expecting revenue to grow 12.6% year on year to $4.26 billion. Last quarter, Booking reported revenues of $4.78 billion, up 18.2% year on year, with mixed performance in bookings and revenue growth.
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