Summary: Tesla has laid off hundreds of employees from the supercharging team including two top executives. The layoffs are part of Tesla's ongoing headcount and cost reduction efforts.
Full articleSummary: Alpha Cubed Investments LLC reduced its position in Texas Instruments by 4.7% in the 4th quarter, selling 5,077 shares. Several other large investors also made changes to their positions in TXN. Insider activity reported a director selling 1,744 shares. Texas Instruments recently declared a quarterly dividend of $1.30 per share. Wall Street analysts have provided various ratings and price targets for TXN.
Full articleSummary: McDonald's Corp. reported first-quarter revenue above estimates but missed profit expectations and same-store sales growth. They will be testing a bigger burger in the coming months after facing pressure from elevated prices in the industry.
Full articleSummary: Eli Lilly and Co (NYSE:LLY) filed its 10-Q report with the SEC, showcasing revenue growth and increased net income. The company's strengths include a diverse and innovative product portfolio, while weaknesses involve high dependency on a few key products. Opportunities lie in expanding in emerging markets and launching new products, with threats from patent expirations and regulatory pressures.
Full articleSummary: Bristol-Myers Squibb and AstraZeneca settle litigation over patent infringement related to PD-L1 antibody product IMFINZI (durvalumab) for cancer treatment
Full articleSummary: Spark reveals actual speeds of 4G and 5G wireless broadband services through innovative Cisco ThousandEyes technology, enabling better connectivity issue resolution. The company achieved national peak time average download speeds of 62 Mbps for 4G and 333 Mbps for 5G in the first two weeks of April.
Full articleSummary: Starbucks reported a fall in same-store sales for the first time in three years due to weak demand in the U.S. and China, missing both global and U.S. estimates. Shares fell 11% in extended trading.
Full articleSummary: Analyst Elizabelle Pang from DBS maintained a Hold rating on Avangrid and kept the price target at $34.00 based on Avangrid's strong position in the renewable energy sector, the recent offer from its majority shareholder - Iberdrola, and valuation implications for remaining shares. Despite positive aspects, the offer from Iberdrola was considered below the average for such transactions, suggesting a potential for a higher bid.
Full articleSummary: Coca-Cola is bullish on the long-term prospects of the Indian business despite a slow start in January and February. Business bounced back in March and April, with expectations of a strong year for India. Net revenues grew 3% to $11.3 billion.
Full articleSummary: Apple is recruiting many artificial intelligence experts from Google for its secretive Swiss laboratory, building a 'Vision Lab' in Zurich and acquiring AI startups as it seeks to develop generative AI products.
Full articleSummary: Intel's Lunar Lake CPUs, particularly the Xe2-LPG iGPU, are benchmarked to be faster and more power-efficient than competing Meteor Lake offerings, hinting at a performance/watt advantage for thin and light laptops.
Full articleSummary: Eli Lilly and 3M rose after raising profit forecasts, while MicroStrategy and Chegg fell short of analysts' expectations.
Full articleSummary: Stocks in the U.S. traded lower with the Nasdaq falling more than 100 points; Coca-Cola reported better-than-expected first-quarter results; Akili, Inc. shares surged 66% after debt cancellation and agreements, while Chegg, Inc. shares dropped 26% after reporting financial results.
Full articleSummary: Microsoft is opening its first regional data center in Thailand to widen availability of cloud services with enterprise-grade reliability, performance, and compliance with data residency and privacy standards.
Full articleSummary: Glass Lewis advises against election of three directors to Boeing's board
Full articleSummary: Eli Lilly and Co and Woodward Inc raised their profit forecast for the year, while MicroStrategy Inc reported first-quarter financial results falling short of analysts' forecasts.
Full articleSummary: Disney is working on a $1.9 billion expansion project called DisneylandForward that aims to bring new attractions, shops, restaurants, and more to Disneyland Resort on the West Coast.
Full articleSummary: US banks are increasingly selling commercial real estate loans to get ahead of stress in the sector. Banks like Pacific Premier Bancorp, Brookline Bancorp, and Hilltop Holdings are offloading problem loans, while Valley National Bancorp and Webster Financial Corp are diversifying their loan books through loan sales.
Full articleSummary: IBM successfully overturned a $1.6 billion judgment in favor of BMC Software due to allegations of improper software replacement at AT&T, with the appeals court ruling in IBM's favor.
Full articleSummary: TD Bank Group announced it has taken an initial provision of US$450 million in connection with discussions relating to its U.S. Bank Secrecy Act (BSA)/anti-money laundering (AML) program. The Bank anticipates additional monetary penalties as regulatory discussions are ongoing.
Full articleSummary: Comcast and Bally Sports failed to reach a renewal agreement resulting in 15 RSNs to go dark for Comcast customers. Diamond Sports Group is confident in agreements with other providers, directing affected customers to alternative services.
Full articleSummary: Amazon announces the launch of Amazon Q, a generative AI-powered assistant for accelerating software development and leveraging business data. Amazon Q offers capabilities for developers and employees in various areas like coding, testing, troubleshooting, and optimizing resources. They also introduce Amazon Q Business to empower employees with generative AI for getting insights from all their data and building applications. Additionally, Amazon Q is integrated into Amazon QuickSight to provide a generative BI assistant, allowing business analysts to use natural language to create dashboards quickly.
Full articleSummary: RTX is focusing on supporting veterans and military families through various initiatives including mentorship programs, internal databases, and guides for career advancement and life changes. The company aims to strengthen inclusion and create equitable opportunities for all employees, while emphasizing the value that veterans and military family members bring to the community.
Full articleSummary: RTX features its Asian Pacific Islander employee resource group, showcasing personal journeys of employees like Yuta Yoshimura who was able to advance his career through community partnerships and mentorship programs.
Full articleSummary: Warren Buffett's deputies, Ted Weschler and Todd Combs, are being analyzed for trailing their mentor and the market in managing Berkshire Hathaway's $354bn stock portfolio. The duo has faced challenges in matching Buffett's performance, especially in recent years. The two investment lieutenants have shown a similar investing ethos to Buffett, focusing on good businesses with strong management teams at attractive prices.
Full articleSummary: Stock market indices like SP500, NASDAQ, and Dow Jones are experiencing a pullback as traders reduce risks ahead of the Fed Interest Rate Decision. Consumer Confidence declined, Chicago PMI decreased, and Case-Shiller Home Price Index surpassed expectations. Energy and basic materials stocks in SP500 faced losses due to a strong sell-off in commodities markets.
Full articleSummary: PepsiCo's beverage sales have been falling, leading to a global campaign to introduce its rebranded Pepsi line to consumers and enhance household penetration. The company is focusing on brand-building activities and cultural relevance to connect with younger audiences. Their media strategy involves linear TV spend, paid social, creator partnerships, and retail media networks.
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