Summary: Honeywell veröffentlicht Bericht über zunehmende Gefahr von Cyber-Attacken durch USB-Geräte in industriellen und kritischen Infrastruktureinrichtungen. Ankündigung einer Quartalsdividende von 1,08 US-Dollar pro Aktie sowie positive Prognose für finanzielle Entwicklung des Unternehmens.
Full articleSummary: International Business Machines Corp. wins a court decision overturning $1.6 billion in damages it was ordered to pay BMC Software Inc. from a prior ruling due to a software dispute involving mutual client AT&T Inc.
Full articleSummary: The European Commission has opened an investigation into Meta, the parent company of Facebook and Instagram, for suspected violations of the Digital Services Act over deceptive advertising and political content on its platforms.
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 software swap in servicing AT&T Inc.
Full articleSummary: Salesforce Chair and CEO Marc Benioff sold 15,000 shares of common stock for $4,121,914.
Full articleSummary: Samsung Electronics forecasts strong demand for artificial intelligence and tight supply of high-end chips, aiming to increase supply of HBM-related chips in 2024, and planning to mass produce the latest HBM chips for AI chipsets. The company also reported a significant jump in operating profit compared to a year earlier.
Full articleSummary: Tesla CEO Elon Musk is planning layoffs for hundreds of additional staffers, including executives, and significant departures have been announced. Tesla stock sank more than 2% in pre-market trading Tuesday.
Full articleSummary: PayPal CEO Alex Chriss mentioned the potential of using PYUSD for cross-border payments, emphasizing its market upside and compelling unit economics. Despite not detailing crypto earnings, PayPal's overall performance was strong in Q1, with growth in user payments and total volume, exceeding analysts' estimates. PYUSD's market capitalization has increased by over 70% since announcing zero fees for Xoom service.
Full articleSummary: Honeywell è stata scelta da Lilium per la fornitura di sensori di posizione per l'unità di propulsione del Lilium Jet, progettati appositamente per le esigenze operative del jet eVTOL. Questi sensori svolgeranno un ruolo fondamentale nell'assicurare un decollo sicuro e preciso.
Full articleSummary: J.P. Morgan Chase faced a data breach that exposed personal information of over 451,000 retirement plan participants, which was caused by a software issue. The breach was not a result of a cyberattack and the bank is providing identity theft protection services to affected individuals.
Full articleSummary: Tech giants including Microsoft, Google, and Meta are significantly increasing their capital expenditures for cloud and AI infrastructure buildout, with Microsoft reporting a record $14 billion in CapEx for the March quarter. Companies are investing in data centers, GPUs, specialized chips, and transoceanic cables to support AI services. Analysis indicates that investors are closely monitoring these investments as they assess the long-term value of AI services.
Full articleSummary: Starbucks (SBUX) same-store sales declined by 4% in second quarter, missed revenue expectations. Super Micro Computer (SMCI) revenue missed expectations in third quarter. Caesars Entertainment (CZR) missed sales expectations in first quarter due to unfavorable outcomes from sports events.
Full articleSummary: Salesforce CEO Marc Benioff sold a portion of his company stock worth over $4.1 million through three separate transactions on April 29, 2024, as part of a pre-arranged Rule 10b5-1 trading plan. Benioff still holds a significant stake in the company with direct ownership of 12,737,327 shares, and indirect ownership of 10,000,000 shares through the Marc Benioff Fund LLC.
Full articleSummary: PepsiCo, Inc. announced a 7% increase in its quarterly dividend, continuing its trend of boosting dividends annually. The company's financial performance has been strong, with a diverse portfolio of popular brands and a focus on sustainability. The dividend will be payable on June 28, 2024, to shareholders of record by June 7, 2024.
Full articleSummary: IBM announced an increase in its regular quarterly cash dividend to $1.67 per common share, marking the 29th consecutive year of dividend increases. The company's focus on hybrid cloud and AI technologies, strong financial performance, and historical adaptability contribute to the decision to reward shareholders.
Full articleSummary: Paramount Global extended carriage negotiations with Charter Communications, amidst corporate upheaval involving CEO exit, earnings release, and acquisition offer. Talks are ongoing with no firm revised deadline set yet. Charter's transitory ownership makes an outage on Charter unthinkable. Paramount's general entertainment networks may face challenges as Charter aims to integrate and promote streaming services to customers.
Full articleSummary: J.P. Morgan Chase data breach impacted over 451,000 plan participants' personal information, but there is no indication of data misuse.
Full articleSummary: American Tower Corp reported strong fiscal first-quarter 2024 results, beating revenue and AFFO per share estimates, with increased property revenue, tenant billings, and adjusted EBITDA. The company generated higher free cash flow, held significant cash and equivalents, and provided a positive outlook for FY24.
Full articleSummary: Under Armour is strengthening its leadership team to focus more on shoes as part of its business strategy. They have appointed Yuron White as the head of footwear and apparel, who will be leading the product strategy for various categories including sportswear, run, basketball, Curry brand, and collaborations.
Full articleSummary: CVS Health Corporation reported strong third-quarter 2022 earnings with adjusted EPS beating estimates and total revenues rising 9.9% year over year. The company raised its full-year 2022 EPS guidance, indicating positive growth momentum. However, margin contraction, declining COVID-19-related sales, and ongoing pharmacy reimbursement challenges are concerns.
Full articleSummary: Apple has been aggressively hiring AI and machine learning experts from Google, acquiring AI startups, and focusing on incorporating generative AI into its mobile devices. The company is pivoting towards AI and has been in discussions with OpenAI and Google regarding generative AI technologies for iOS.
Full articleSummary: Wells Fargo is being sued by minority mortgage applicants for 'digital redlining', with accusations of wrongfully denying or charging higher interest rates to Asian, Black, and Hispanic borrowers. The plaintiffs are seeking class certification involving 119,100 individuals, claiming potential damages in the billions.
Full articleSummary: Citigroup and Wells Fargo both recommended investors to vote against proposals to publish reports on respecting Indigenous rights, and the proposals failed to win majority approval at their annual meetings. Religious investors have been pressuring banks to disclose more details about their Indigenous rights policies, with similar measures being filed at other major U.S. banks as well.
Full articleSummary: Boeing subsidiary Aurora Flight Sciences held a grand opening event to debut its advanced manufacturing expansion in Bridgeport, West Virginia, which will support growth in current production programs and add new aerospace opportunities.
Full articleSummary: Paramount Global is extending its deadline with Charter Communications to negotiate a new distribution agreement for its channels, protecting its affiliate fees as revenue declines. The outcome of the negotiations could impact Paramount's valuation. The company has faced turmoil with CEO replacement and board changes amidst a challenging period.
Full articleSummary: Google settled a class action lawsuit over its incognito mode setting by agreeing to delete private browsing data from 136 million U.S. users, without providing monetary compensation to affected users. The settlement also includes changes to incognito mode settings to block third-party cookies for the next five years.
Full articleSummary: Analysts at Morgan Stanley recommend buying the dip on Apple Inc. (AAPL) and Intel Corporation (INTC) in anticipation of AI-driven breakthroughs revolutionizing their trajectories. Despite being weak performers YTD, Apple's shares surged after an upgrade, while Intel's recent earnings report exceeded projections.
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