Summary: Apple is testing a new version of Safari web browser called Safari 18, which includes UI tweaks, advanced content blocking features, and a new AI-powered tool known as Intelligent Search. They are also working on a Web Eraser feature and a more powerful Visual Lookup tool for consumer products, possibly available in 2025.
Full articleSummary: Gilead Sciences, Inc. executives will be speaking at several upcoming investor conferences in May and June and the webcasts will be accessible for replay for at least 30 days post presentation.
Full articleSummary: PepsiCo declared a quarterly dividend of $1.355 per share, marking a 7% increase from the previous year and raising the annualized dividend to $5.42 per share. This dividend will be payable on June 28, 2024 to shareholders of record on June 7, 2024. PepsiCo has a longstanding history of consistent dividend payments and this year marks the 52nd consecutive annual dividend increase.
Full articleSummary: Scenic Biotech collaborates with Bristol Myers Squibb to accelerate drug target development by identifying target biology. Scenic Biotech will receive upfront payment and milestone payments from Bristol Myers Squibb. This marks Scenic Biotech's second major collaboration following the one with Genentech in 2020.
Full articleSummary: Meta Platforms (META) saw its stock price stumble after a weaker revenue forecast, while Alphabet (GOOGL) surged following strong earnings and a $70 billion buyback plan. Meta's recent revenue and EPS growth was strong after a tough 2022, but analysts are cautious about its growth in 2024 and 2025.
Full articleSummary: Tesla laid off at least 10% of its workforce in a poorly executed and disorganized manner, resulting in confusion and lack of communication among employees. One affected worker, Nico Murillo, shared his experience of being laid off after years of dedication to the company.
Full articleSummary: Apple has poached dozens of AI experts from Google and created a new team in Zurich to build advanced AI models and products, including a secretive lab known as 'Vision Lab'. The company is focusing on developing large language models (LLMs) for chatbots and other AI products, possibly to be featured in iOS 18.
Full articleSummary: Google has confirmed layoffs in development teams like Flutter, Dart, and Python. Flutter, an important product for many businesses, and Python teams were affected, and there are promises of further cuts in 2024.
Full articleSummary: Analysts at Oppenheimer expect large banks' net interest income and investment-banking fees to rise, naming seven large banks they expect to benefit from upcoming positive trends such as reversal in decline of net interest income and investment banks' fee income. Oppenheimer's top pick is Goldman Sachs & Co. (GS) followed by Citigroup Inc. (C).
Full articleSummary: Starbucks is closing its location at Williamsburg's North 7th Street in Brooklyn, NY, amid unionization efforts in the company. This decision comes amidst contract negotiations and legal battles with the National Labor Relations Board (NLRB).
Full articleSummary: Amazon has started offering discounts on various Apple products and accessories, including AirPods Pro 2, Apple Pencil 2, AirTags, and Apple Studio Display. The AirPods Pro 2 are available for $179.99, down from $249.00, marking an all-time low price. Apple Pencil 2 is priced at $79.00, down from $129.00, also at a record low price. AirTags 1-Pack is offered at $24.00, and 4-Pack at $79.99, both at second-best prices. Apple Studio Display Standard Glass model is priced at $1,299.97, down from $1,599.00, another all-time low price, and Nano-texture Glass model is available for $1,599.97, down from $1,899.00, a second-best price.
Full articleSummary: Tesla has laid off hundreds of employees, including most of its Supercharger team, shortly after gaining support from other automakers for its charging standard. The layoffs could signal a shift in strategy as the company pulls out of new charging station leases and slows down installations. Despite commitment to EV charging, the move has created concerns about the future of Tesla's charging network.
Full articleSummary: JPMorgan Chase & Co. announced new appointments and expanded roles for several executives under global co-heads of sales and research, Claudia Jury and Scott Hamilton.
Full articleSummary: U.S. stocks tumble on worries of high inflation and interest rates, ending the worst month since September. Traders largely giving up hope on multiple interest rate cuts this year, following reports of stubbornly high inflation.
Full articleSummary: Norden Group LLC significantly increased its stake in Gilead Sciences, Inc. in the fourth quarter, with other hedge funds also making changes to their positions in the stock. Gilead Sciences announced a quarterly dividend and analysts have set new price targets. Insider activity includes a recent stock sale by a company insider.
Full articleSummary: Cary Street Partners Investment Advisory LLC decreased its holdings in Lowe's Companies, Inc. (LOW) by 84.5% in the 4th quarter according to its recent disclosure. Several other hedge funds have also adjusted their stakes in LOW. Analysts have set new price targets, with average target of $252.52. Lowe's Companies stock is trading down 1.3%.
Full articleSummary: Apple will be holding a special event on May 7 to announce new iPads, promoting it as a 'different kind of Apple Event' with potential new iPad Pro and iPad Air models and updated accessories.
Full articleSummary: Starbucks (SBUX) reported disappointing Q2 earnings, missing expectations on revenue, earnings, and same-store sales growth. CEO called it a challenging environment with results not reflecting the brand's potential. Stock dropped over 10% in after hours trading.
Full articleSummary: PayPal executives aim to reignite growth in branded checkout products, with a raised full-year adjusted profit forecast. The company's stock struggled due to competition from Apple and Google in digital payments, especially in branded businesses like Venmo. PayPal shares rose 3% after signaling resilience in consumer spending and cost-cutting measures improved margins.
Full articleSummary: Starbucks reported weaker-than-expected sales in its fiscal second quarter with a 4% drop in same-store sales and a 15% decrease in net income compared to analysts' expectations.
Full articleSummary: General Dynamics Corp's Senior VP, General Counsel, and Secretary, Gregory S. Gallopoulos, sold 13,567 shares of General Dynamics stock totaling over $3.9 million. The sale adjusted his direct holdings to 103,345 shares, with 15,000 shares held indirectly by a trust. While reasons for the sale were not disclosed, insider transactions can provide insights into the company's valuation and prospects. General Dynamics remains a major player in the defense industry, focusing on innovation across various sectors.
Full articleSummary: General Dynamics Corp top executives, including Chairman and CEO Phebe N. Novakovic and Senior VP Gregory S. Gallopoulos, have sold significant amounts of company shares.
Full articleSummary: Stocks ended April in a tailspin with major indexes down between 1.5% and 2% for the month's last trading session following a downward trend. Amazon.com (AMZN) saw a post-earnings spike in after-hours trading, while Tesla (TSLA) gave back a portion of its gains from the previous day. Major stock indexes like Dow Jones, S&P 500, Nasdaq, and Russell 2000 experienced losses, with various companies such as Ceco Environmental (CECO), H&E Equipment Services (HEES), Graphic Packaging (GPK), Hubbell (HUBB), CleanSpark (CLSK), MicroStrategy (MSTR), PayPal Holdings (PYPL), F5 (FFIV), and Eli Lilly (LLY) facing notable stock movements during the trading session.
Full articleSummary: Certuity LLC purchased a new position in General Dynamics Co. in the 4th quarter, adding 4,045 shares valued at approximately $1,050,000 as per recent SEC filing. Several other large investors also increased their positions in General Dynamics. Wall Street analysts have been optimistic about the stock, with upgraded ratings and increased price targets. General Dynamics' stock price traded up 0.4% and reached $288.85. The company also reported a slight miss in earnings but increased their dividend.
Full articleSummary: Apple has confirmed a software bug causing some iPhone alarms not to play the expected sound, and they are working on a fix.
Full articleSummary: Cary Street Partners Investment Advisory LLC decreased its stake in PepsiCo, Inc. by 85.2% in the 4th quarter, selling 47,812 shares. Several other large investors have also traded shares. PepsiCo stock is down 0.3%. The company had a return on equity of 57.37% and a net margin of 10.00%.
Full articleSummary: Meta Platforms stock stumbled while Alphabet's surged after their latest earnings reports. Meta faced challenges in 2022 due to Apple's data tracking update and competition from TikTok, but rebounded in 2023 and 2024. Analysts expect Meta's revenue and earnings to grow, but Alphabet's market cap still remains larger.
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