Summary: Satellite operator SES has started offering broadband communications with its first six O3b mPower satellites, despite some electrical problems with the Boeing-built satellites. Additional SES mPower satellites are set to launch later this year.
Full articleSummary: Tesla Inc. plans to eliminate its entire 500-person Supercharging team at its Buffalo factory, as part of broader cost-cutting measures including layoffs and restructuring. This move signifies a shift away from focusing on building and maintaining its own network of electric vehicle charging stations.
Full articleSummary: Tennessee Valley Asset Management Partners increased its holdings in JPMorgan Chase & Co. by 2.3% in the fourth quarter. Several other institutional investors also bought shares. Insider transactions involving the General Counsel and Vice Chairman were disclosed. JPMorgan Chase & Co. has increased its dividend. Wall Street analysts have a positive outlook on the stock.
Full articleSummary: The European Commission has launched formal proceedings against Meta, the owner of Facebook and Instagram, for allegedly failing to properly monitor distribution of political misinformation by 'foreign actors' before the European elections. The EC is concerned about Meta's lack of a third-party real-time election-monitoring tool and alleged non-compliance with DSA policies relating to deceptive advertising and political content.
Full articleSummary: The conference call mainly focused on Lilly Q1 2024 earnings, future outlook, and updates on various products and pipeline developments. Key topics included revenue growth, progress in the business, manufacturing capacity, pipeline opportunities, and the upcoming AdCom meeting for Donanemab. Questions also touched on specific drugs like CagriSema, Zepbound, Orforglipron, and PNT2002 in the oncology pipeline.
Full articleSummary: Eli Lilly's raised guidance and strong performance of diabetes and obesity drugs boost shares nearly 6%. The company's revenue rose 26% year over year in the first quarter, with adjusted earnings per share beating estimates. Management is actively working to increase production capacity to meet high demand for Mounjaro and Zepbound.
Full articleSummary: Chevron Corporation is a global oil and gas leader involved in refining, distribution, exploration, production, and other activities across the world.
Full articleSummary: Coca-Cola HBC surpassed market expectations for first-quarter revenue and expects further expansion in operating profit this year driven by strong demand for coffee, energy, and sparkling drinks.
Full articleSummary: Cary Street Partners Investment Advisory LLC reduced its holdings in United Parcel Service by 66.0% during the fourth quarter, institutional investors have been both buying and selling shares of the company. Wall Street analysts have varying opinions on UPS with an average consensus rating of 'Hold' and a target price of $165.23. Despite this, the stock is trading down 0.6%.
Full articleSummary: Financial giants have made a conspicuous bullish move on Lowe's Companies based on the analysis of options trading history. Traders showed bullish tendencies with noticeable options trades detected. Expert opinions on Lowe's Companies also indicate a positive sentiment with favorable price targets.
Full articleSummary: Market will be closely listening for messaging from Federal Reserve Chairman Jerome Powell about whether interest-rate hikes may be on the table due to inflation worries. BlackRock's Rick Rieder believes the market has swung from overenthusiastic rate cut expectations to potentially no cuts in 2024. Powell's stance on potential rate hikes and inflation will be crucial.
Full articleSummary: Big-money investors have taken a bullish stance on Wells Fargo (WFC) with a split sentiment among traders. Uncommon options trades indicate potential significant price targets between $27.5 to $67.5 over the recent three months. The mean open interest for Wells Fargo options trades today is 9203.2 with a total volume of 5,750.00.
Full articleSummary: Apple establishes a secretive AI laboratory in Zurich, Europe, by recruiting experts from Google to enhance iPhone capabilities and lead in AI development. The company plans to showcase new generative AI features at its upcoming Worldwide Developers Conference.
Full articleSummary: Union Pacific Railroad recognizes 137 companies with the 2023 Pinnacle Award for safe transportation of chemicals by rail, the highest number in over a decade.
Full articleSummary: Intel has discovered instability in certain games related to unlocked CPUs due to motherboard manufacturers providing settings that exceed Intel's specifications. They are urging manufacturers to provide default BIOS profiles that match Intel's recommended settings.
Full articleSummary: Two senior executives, Rebecca Tinucci and Daniel Ho, are leaving Tesla as part of CEO Elon Musk's efforts to optimize the company's workforce. This follows a series of other executive departures in recent months.
Full articleSummary: Microsoft is set to invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia, aiming to boost the country's economic landscape and provide AI training for 840,000 people. The investment includes support for developers and highlights Microsoft's commitment to AI advancement in Southeast Asia.
Full articleSummary: Colgate-Palmolive is considered a great growth stock pick due to factors such as earnings growth, impressive asset utilization ratio, and promising earnings estimate revisions.
Full articleSummary: Berkshire Hathaway BRK.B is facing pressure from shareholders to disclose progress on reducing emissions and improving workplace diversity, with three proposals up for vote at the annual meeting on May 4. The proposals focus on climate risk disclosure, emissions data for Berkshire Hathaway Energy, and the effectiveness of diversity, equity, and inclusion efforts.
Full articleSummary: Intel Corp. shares are down over 30% in April, worst month in over 20 years, due to struggles in turnaround execution.
Full articleSummary: Citigroup and Wells Fargo held their annual general meetings where shareholder proposals for transparency on human rights policies and climate-related lobbying were discussed. Investors are demanding more transparency on climate strategies, environmental justice, human rights, and Indigenous sovereignty from big banks. Citigroup's report on Indigenous Rights policy drew criticism from Indigenous leaders and investors.
Full articleSummary: Citigroup and Wells Fargo faced shareholder proposals at their annual general meetings regarding transparency on human rights policies and climate-related activities. Shareholders expressed demands for improved transparency on Indigenous rights, climate strategies, and environmental justice. The banks released reports prior to the AGMs, with mixed support from shareholders.
Full articleSummary: Lockheed Martin's Long Range Discrimination Radar (LRDR) in Alaska has been officially handed over to the US Missile Defense Agency with completion of final acceptance procedures and preparation for Operational Capability Baseline decision. The radar system, part of the US Ground-based Midcourse Defense anti-ballistic missile system, features advanced technology for search, track, and identify targets, as well as supporting space domain awareness.
Full articleSummary: Online retailer Shein is expanding its platform to include brands such as Colgate-Palmolive, Hasbro, and others in an effort to compete with Amazon and AliExpress before its planned stock market listing this year.
Full articleSummary: Liquid cooling company JetCool announced the availability of its liquid cooling module for Nvidia’s H100 SXM and PCIe GPUs, showcasing significant performance improvements in computing speed, sustainability, and power efficiency.
Full articleSummary: Elon Musk has dismissed two senior executives at Tesla and plans to lay off hundreds more employees due to falling sales and pace of job cuts. The company is undergoing cost reduction measures amid intensifying competition in the EV market.
Full articleSummary: Tableau announced an expansion to its partnership with Microsoft, integrating Tableau with Microsoft Teams and Fabric to provide enhanced data exploration capabilities and actionable insights for customers. These integrations aim to improve interoperability, save time, and enable users to access and collaborate on AI-powered insights without switching apps. The partnership will allow users to share visualizations, set alerts, and subscriptions within Teams, as well as access Tableau Pulse metrics and explore data from OneLake within Tableau.
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