Summary: IBM's board of directors announced an increase in the regular quarterly cash dividend to $1.67 per common share, payable on June 10, 2024, to stockholders of record as of May 10, 2024.
Full articleSummary: Charles R. Schwab, Co-Chairman of Schwab Charles Corp (NYSE:SCHW), has sold over $8.9 million worth of company stock through significant transactions in late April. The sales, while sizable, are viewed as part of routine portfolio management for top executives of companies. The disclosed transactions provide transparency into insider trading activities.
Full articleSummary: IBM shares plunged after missing revenue estimates for Q1, apprehension regarding HashiCorp acquisition. Despite dividend yield of 4%, company faces sagging revenue growth and slow dividend growth.
Full articleSummary: PayPal reports better-than-expected 14% increase in first-quarter total payment volume, anticipates earnings to increase in mid to high single-digit percentage, analysts impressed with top-line result.
Full articleSummary: Paramount Global extended carriage negotiations with Charter Communications ahead of the current agreement's expiration, no disruption to programming expected. CEO Bob Bakish stepped down, while an Office of the CEO has been formed as an interim measure. Exclusive merger talks with Skydance Media are ongoing, with the likelihood of a deal before May 3 being uncertain.
Full articleSummary: Nvidia's biggest customers Tesla, Meta Platforms, Microsoft, and Alphabet are all reporting strong demand for AI applications, leading to a potential increase in business for Nvidia. Despite the strong demand trend, there are concerns that as big tech companies develop their own AI chip designs, Nvidia's dominance in the market might be challenged.
Full articleSummary: Top 4 green energy stocks recommended for long-term investment in May due to the expected $150 trillion investment in decarbonizing the global economy. Stocks include NextEra Energy Inc (NYSE: NEE), First Solar Inc (NASDAQ: FSLR), Fluence Energy Inc (NASDAQ: FLNC), and Hannon Armstrong (NYSE: HASI).
Full articleSummary: Wells Fargo & Company announced the election of 13 director nominees, including a new independent director, Fabian T. Garcia. Shareholders also approved various proposals related to executive compensation and voting standards.
Full articleSummary: The rise of AI is increasing demand for cloud computing services and data centres. Oracle has added new GenAI capabilities to its AI systems to enhance predictive abilities and provide contextual commentary for financial forecasts. According to GlobalData forecasts, the total cloud computing market is projected to reach $1.4 trillion by 2027.
Full articleSummary: Options market is predicting a significant move in the S&P 500 Index following the Federal Reserve's interest-rate decision, based on an at-the-money straddle strategy.
Full articleSummary: Intel is making significant investments in AI accelerators, emphasizing its CPU dominance in AI PC building, particularly on edge use cases. The company is betting big on India and partnership ecosystems, aiming to lead the AI PC market with initiatives such as Intel Core Ultra and Intel Arc GPUs.
Full articleSummary: Lockheed Martin Corporation insiders have been selling a substantial stake in the company over the last year, with the biggest single sale by the Chief Operating Officer. Insider transactions indicate more selling than buying, making investors cautious about the company's future.
Full articleSummary: P97, a cloud-based mobile commerce and digital marketing solution provider, secures a $10m line of credit from Wells Fargo to fuel further growth and expand globally in transportation sectors.
Full articleSummary: Delaware judge dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders at Meta Platforms Inc.
Full articleSummary: GE HealthCare Technologies (NASDAQ: GEHC) saw its shares plummet 13.7% after reporting a narrow earnings miss, with sales declining 1% and a book-to-bill ratio of 1.03, disappointing investors. Management provided guidance of adjusted earnings ranging from $4.20 to $4.35 per share for 2024, signaling slower growth. The stock is considered expensive based on P/E and PEG ratios, with investors advised to sell.
Full articleSummary: The Dow Jones Industrial Average, led by technology giants Apple Inc. and Intel Corporation, received a positive outlook from Morgan Stanley analysts who recommend buying the dip on these two Dow stocks due to the potential AI-driven breakthroughs set to revolutionize their trajectories. Despite Apple and Intel being among the weakest performers this year, anticipation is high for Apple's AI software features and Intel's AI chips to boost growth and sales.
Full articleSummary: NextEra Energy's estimated fair value is US$50.09 based on Dividend Discount Model. The company's US$66.97 share price suggests it might be 34% overvalued, with the fair value estimate being 30% lower than the analyst price target of US$71.47.
Full articleSummary: American big pharma companies saw a significant increase in stock market performance due to robust sales of blockbuster drugs, while smaller biotechnology companies struggled with rising interest rates and reduced investor interest. Unlisted biotech startups also faced challenges in attracting capital with a decline in investments and fewer companies going public.
Full articleSummary: Microsoft has launched an updated Accessibility Fundamentals learning path, offering free training for all employees and organizations worldwide. The training covers creating accessible content, AI concepts and solutions, and applications of AI for the disability community.
Full articleSummary: Over the past few days, Intel has faced criticism regarding instability issues on high-end CPUs. However, Intel clarifies that it is not blaming motherboard vendors and is working with partners to investigate and address the problem. Tensions have escalated, with quick fixes available, and Intel plans to make a public statement on the matter in May.
Full articleSummary: FDA approves supplemental Biologics License Application for TIVDAK for the treatment of recurrent or metastatic cervical cancer, based on positive results from Phase 3 innovaTV 301 clinical trial.
Full articleSummary: International Business Machines Corp. won a court decision overturning $1.6 billion in damages it was ordered to pay BMC Software Inc. for swapping in its own software while servicing their mutual client, AT&T Inc.
Full articleSummary: Alphabet Inc. beats earnings expectations with reported EPS of $1.89 compared to expectations of $1.51. The company highlighted strong performance from Search, YouTube, and Cloud, as well as its focus on AI innovation and infrastructure leadership.
Full articleSummary: Pfizer Inc (PFE) stock has declined significantly due to decreased revenue from its COVID-19 products. Ahead of the first-quarter earnings report, investors are concerned about the company's risks and debt reduction plans. Technical analysis indicates a bearish trend for Pfizer's stock with potential for further downside.
Full articleSummary: The Motley Fool Stock Advisor team did not include Nvidia in their list of 10 best stocks for investors to buy now, emphasizing other stocks for potential high returns. However, The Motley Fool participates in and recommends Nvidia among other tech stocks like AMD, Microsoft, Amazon, Apple, and Qualcomm.
Full articleSummary: A federal appeals court overturned a $1.6 billion judgment requiring IBM to pay rival BMC Software, ruling that AT&T independently switched to IBM software and that BMC lost out fairly. The court found that a lower court judge's determination concerning liability was in error.
Full articleSummary: International Business Machines Corp. successfully appealed a court decision overturning $1.6 billion in damages it was ordered to pay BMC Software Inc. in 2022, related to a software dispute involving mutual client AT&T Inc.
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