Summary: A group of U.S. newspapers is suing ChatGPT-maker OpenAI and Microsoft for allegedly using copyrighted news articles without permission or payment for AI chatbot training.
Full articleSummary: Investors find growth stocks attractive as they offer above-average financial growth and good returns, although they come with higher risk and volatility. Colgate-Palmolive (CL) is highlighted as a strong growth stock recommended by Zacks Growth Style Score, with factors such as earnings growth rate, asset utilization ratio, and promising earnings estimate revisions. The company has a favorable Growth Score of A and a Zacks Rank #2, making it a potential outperformer for growth investors.
Full articleSummary: The Multi Cap Equity Fund's Institutional Class had a positive return compared to the Russell 3000 Index for the first quarter and one-year period, with various large- and mega-cap holdings contributing to the Fund's performance. The Fund outperformed small-cap and mid-cap indices but modestly lagged the capitalization-weighted Russell 3000. Initiatives were taken to adjust holdings during the period, including trimming certain positions and initiating new ones.
Full articleSummary: Apple is notifying users of the first-generation titanium Apple Card about its upcoming expiration and replacement, new titanium cards will be sent to billing addresses for physical use, only some cards are set to expire in 2024, Apple may provide prepaid shipping labels for customers to recycle old titanium cards.
Full articleSummary: Caterpillar had its target price increased by HSBC from $330.00 to $360.00 in a research report, multiple analysts have issued different ratings and price targets for the stock, and the company announced a quarterly dividend of $1.30.
Full articleSummary: JetCool announced the availability of its liquid cooling module for NVIDIA’s H100 SXM and PCIe GPUs, showcasing a significant performance improvement of 82% and reducing power consumption in AI clusters by 15%. The SmartPlate technology surpasses conventional air cooling methods and promotes sustainability.
Full articleSummary: Comcast completed a project in Jermyn and Mayfield, Pennsylvania, expanding broadband services to more than 2,100 new customers. The project is part of a $2.4 billion investment in the state over the last three years, showcasing Comcast's commitment to improving connectivity nationwide.
Full articleSummary: Van ECK Associates Corp reduced its stake in Amgen Inc. by 64.9% in Q4 as per SEC filing. The firm owned 323,817 shares worth $93,266,000. Other institutional investors like Steele Capital Management Inc., Crew Capital Management Ltd., and more have also increased or decreased their stakes in Amgen.
Full articleSummary: Pekin Hardy Strauss Inc. reduced its stake in Bristol-Myers Squibb by 46.0% during the 4th quarter, according to its recent SEC filing. Several other institutional investors also bought and sold shares of the company. Analysts had mixed ratings on BMY from 'buy' to 'hold'. Bristol-Myers Squibb's stock traded down 1.6% on Tuesday.
Full articleSummary: Honeywell released its 2024 USB Threat Report highlighting the increasing cyber threat of 'silent residency' and 'living off the land' attacks in industrial and critical infrastructure facilities, posing risks of disruption and control loss.
Full articleSummary: Compass Capital Management Inc. increased its position in Danaher Co. by 12.3% during the 4th quarter, adding 25,262 shares and owning a total of 231,233 shares worth $53,493,000. Several other hedge funds also acquired new stakes in Danaher. Wall Street analysts have predominantly given buy ratings to Danaher with an average price target of $269.64. Danaher's quarterly dividend was increased to $0.27 per share.
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 indicates a rise in 'living off the land' attacks by adversaries to gain access to industrial control systems.
Full articleSummary: Honeywell released its 2024 USB Threat Report highlighting the increasing risk of 'silent residency' cyber attacks using USB devices to gain access to control systems. The report warns about the potential catastrophic consequences for industrial and critical infrastructure facilities.
Full articleSummary: Choreo LLC increased its position in RTX Co. by 54.2% during the fourth quarter, acquiring 15,175 additional shares. Insider activity included sales by EVP Ramsaran Maharajh and CFO Neil G. Mitchill, Jr. Analysts have set new price targets with varying ratings. RTX reported strong earnings of $1.34 per share in the latest quarter.
Full articleSummary: RTX had its price objective raised by Barclays and received multiple target price upgrades and ratings from different analysts. Despite having an average rating of Hold, RTX is expected to perform well with an average price target of $96.93.
Full articleSummary: McDonald’s plans to ramp up deals and value messaging to address slowing sales due to inflation-weary customers eating out less often; same-store sales worldwide rose 1.9% in Q1, below forecasts; net income up 7% to $1.93 billion but fell short of analysts' expectations.
Full articleSummary: Rumors suggest Apple is working on a new M4 chip for Macs and iPads, potential launch date may be earlier than expected. The M4 series may feature increased AI computing cores and AI-focused improvements to enhance performance. The M4 Ultra chip might be a standalone chip, leading to better performance scaling compared to previous generations.
Full articleSummary: Martinelli’s recalled one lot of its pricey apple juice sold at major retailers in the US due to inorganic arsenic levels exceeding FDA standards. PepsiCo also issued a recall of Schweppes Zero Sugar Ginger Ale and Mug Root Beer for various issues.
Full articleSummary: Wells Fargo & Company announced a quarterly common stock dividend of $0.35 per share, payable on June 1, 2024, to stockholders of record on May 10, 2024.
Full articleSummary: Wells Fargo & Company declared a quarterly dividend of $0.35 per share to be paid on June 1, 2024.
Full articleSummary: Bank of America Corp (BAC) reported better-than-expected earnings for Q1, declared a quarterly cash dividend of 24 cents per share, and investors are calculating potential dividend gains. BAC stock price fell by 1.5% to close at $35.79 on Monday.
Full articleSummary: A group of Google workers filed a complaint with the U.S. labor board claiming the tech company unlawfully fired about 50 employees for protesting its cloud contract with the Israeli government.
Full articleSummary: Apple Inc. announced its latest financial results with missed growth expectations, increased competition, and lack of innovation perception negatively impacting its stock performance. Despite a 3% rise in AAPL stock on Monday, it is down nearly 12% for the year, affecting tech-focused ETFs like VGT and SPY.
Full articleSummary: 1900 Wealth Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 4th quarter. Several other hedge funds and institutional investors have also made changes to their positions. Insider transactions involving CEO Jennifer Piepszak and Vice Chairman Peter Scher have been reported. Wall Street analysts forecast growth for JPM with various price target adjustments and buy ratings.
Full articleSummary: David Stamp, a partner at Osler's Litigation group, represented IBM Canada Ltd. in a case regarding the rectification of a pension plan due to drafting errors. Stamp clarified the test required by law for such rectifications. The court ruled in favor of IBM, acknowledging the company's objective of fixing errors and reserved right to amend the plan.
Full articleSummary: Bank of America suggests that Tesla's Full Self Driving (FSD) could boost the company's earnings by $2.3 billion a year by 2030 in China. The potential release of FSD in the country, particularly as a $99 service, could provide significant revenue for Tesla.
Full articleSummary: Wells Fargo & Company (NYSE: WFC) declared a quarterly common stock dividend of $0.35 per share, payable on June 1, 2024, to stockholders of record on May 10, 2024.
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