Summary: Starbucks Corp. reported fiscal second-quarter profit that fell short of Wall Street expectations in terms of earnings and revenue.
Full articleSummary: Dan Loeb, from Third Point, built a 'substantial' stake in Google parent Alphabet in the first quarter, being bullish on artificial intelligence. He also invested in London Stock Exchange Group, Alphabet, and Taiwan Semiconductor Manufacturing due to their AI-driven growth potential.
Full articleSummary: Starbucks quarterly earnings were below Wall Street's expectations, with revenue dropping 2% to $8.6 billion and same-store sales falling. The company's global comparable-store sales declined 4% due to a 6% drop in comparable transactions.
Full articleSummary: Gilead Sciences, Inc. announced its participation in several upcoming investor conferences, with live webcasts accessible on their investors page. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer.
Full articleSummary: Gilead Sciences executives will be speaking at several investor conferences in May and June. The company is known for pursuing breakthroughs in medicine for various diseases including HIV, viral hepatitis, COVID-19, and cancer.
Full articleSummary: Gilead Sciences, Inc. executives will be speaking at several upcoming investor conferences. The company is a biopharmaceutical firm focused on breakthroughs in medicine.
Full articleSummary: PayPal Holdings reported strong Q1 2024 results but has underlying concerns for the second half of the year; analyst maintains neutral stance with a Hold rating based on mixed signals of current performance and future outlook.
Full articleSummary: Stocks slipped on concerns of persistent inflation, with major indexes closing lower and Dow posting worst month since September 2022.
Full articleSummary: Barclays, Janney Montgomery Scott, DA Davidson, BofA, Argus, Needham, Jefferies, Craig-Hallum issued various upgrades and downgrades for different companies in the stock market.
Full articleSummary: Tesla has faced challenges such as delays in product rollout, slumping sales, waning demand, government probes, layoffs of senior leadership team members, including the teams behind them, and uncertainties regarding its future product plans.
Full articleSummary: Boeing CEO Dave Calhoun is facing pressure from proxy advisor Glass Lewis to not seek reelection to the board due to dissatisfaction over recent safety issues and culture at the company.
Full articleSummary: Big-money investors have taken a bullish stance on Kraft Heinz (KHC) with a split sentiment of 75% bullish and 25% bearish. Uncommon options trades were spotted indicating a targeted price range of $32.5 to $40.0 over the last 3 months. Noteworthy options activities were seen for both calls and puts.
Full articleSummary: Kentucky Wildcats add talented defensive players, including former McDonald's All-American Brandon Garrison and two-time CAA Defensive Player of the Year Amari Williams, improving their defensive potential significantly for the upcoming season.
Full articleSummary: Stocks opened in negative territory due to skittishness ahead of the Fed decision and disappointing inflation data. Investors are hopeful for clues on potential rate cuts. 3M rises despite dividend cut. Eli Lilly surges after reporting high earnings and increased demand for weight-loss drugs.
Full articleSummary: Intuit Inc. will announce its third-quarter financial results for fiscal year 2024 on May 23. Executives will discuss the results in a conference call at 1:30 p.m. Pacific time on the same day. A replay of the call will be available for one week.
Full articleSummary: Bloomberg's Mark Gurman claims Apple's next generation iPad Pro will be powered by the M4 chip instead of the current M3, supported by evidence from various sources including leaked firmware identifiers and a supposed roadmap of Apple Silicon chips for iPads.
Full articleSummary: Nevada Attorney General Aaron Ford joined the FTC lawsuit against Kroger's-Albertsons merger due to labor concerns, wages, and benefits. The merger could threaten union grocery workers' ability to secure higher wages, better benefits, and improved working conditions. Political ties between Ford, Democratic-aligned unions, and donations raise questions about consumer protection.
Full articleSummary: Eaton delivered strong financial results beating expectations on both revenue and earnings, with a record segment margin. The company is well-positioned to benefit from long-term growth trends, particularly in power management solutions and data center demand.
Full articleSummary: Gilead Sciences, Inc. announced its executives will be speaking at several investor conferences in May and June.
Full articleSummary: Intuit Inc. is set to announce its third-quarter financial results for fiscal year 2024 on May 23 after the market close. The conference call to discuss the results will take place at 1:30 p.m. Pacific time on the same day. Intuit is a global financial technology platform known for products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp.
Full articleSummary: Intuit Inc. will announce its third-quarter financial results for fiscal year 2024 on May 23. Intuit executives will discuss the financial results on a conference call, and a replay of the call will be available for one week.
Full articleSummary: Honeywell released its 2024 USB Threat Report highlighting the increasing cyber threat of 'silent residency' through USB devices in industrial and critical infrastructure facilities. The report warns about the risk of 'living off the land' ('LotL') attacks that could lead to system manipulation and disruptions.
Full articleSummary: Starbucks Corporation reported financial results for Q2 fiscal 2024, with a 4% decline in global comparable store sales. The company opened 364 net new stores in the quarter. Consolidated net revenues declined 2%. GAAP operating margin contracted 240 basis points year-over-year to 12.8%. GAAP earnings per share declined 14% over the prior year.
Full articleSummary: NVIDIA introduces Ray Reconstruction technology as part of RTX Remix to enhance old games with modern technology, providing an AI-powered DLSS 3.5 feature that improves ray-traced models' quality effortlessly and efficiently. The RTX 20 series cards are also compatible with this technology, which eliminates the need for manual tuning.
Full articleSummary: Glass Lewis is urging Morgan Stanley shareholders to reject the bank's executive compensation plan for its new CEO and two other executives, citing misalignment between pay and performance. The proxy adviser also called out CEO James Gorman's pay package, which was the highest among leaders at the U.S.'s six largest banks.
Full articleSummary: A group of ex-Google employees filed a federal labor complaint alleging illegal firings over office protests regarding business ties with Israeli government. The complaint seeks reinstatement, back pay, and assurance of no retaliation for lawful protest. Google confirmed firing of 28 employees over sit-ins in NYC and California.
Full articleSummary: Companies are racing to implement new tools and features using AI technology, but many Facebook and Instagram users find Meta AI integration annoying and search for ways to turn it off. However, there is no option to entirely opt out of Meta AI, but users can mute Meta AI chat notifications on Facebook and Instagram.
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