Summary: Citigroup CEO Jane Fraser noted that U.S. consumers are being more cautious with their spending, making smaller purchases and shifting from credit to debit cards.
Full articleSummary: The European Union is investigating Facebook and Instagram for suspected violations of the Digital Services Act regarding protection of users from foreign disinformation ahead of EU-wide elections.
Full articleSummary: Adell Harriman & Carpenter Inc. reduced its holdings in NextEra Energy Partners, LP during the 4th quarter and other institutional investors have also modified their positions in the company. NextEra Energy Partners stock price traded down during mid-day trading. The solar energy provider reported better than expected earnings results for the most recent quarter and increased its dividend payout.
Full articleSummary: Charter Communications's short percent of float has risen, indicating an increase in bearish sentiment among investors. Short interest is now at 11.64% of all regular shares available for trading, with 11.41 million shares sold short. Traders would take 8.73 days on average to cover their short positions.
Full articleSummary: Texas Instruments has received an average recommendation of 'Hold' from analysts. The 1 year price objective is $180.74. Recent price target upgrades include overweight and outperform ratings.
Full articleSummary: Starbucks is experiencing struggles in performance while Cava Group (NYSE: CAVA) is showing strong potential in the restaurant industry with impressive growth, comparable sales, and profitability.
Full articleSummary: Investors are awaiting the Federal Open Market Committee (FOMC) meeting to assess potential impacts on future interest rates. Deutsche Bank Senior US Economist Brett Ryan expects the Fed to acknowledge recent inflation data but maintain interest rates steady due to elevated inflation until more progress is made. Ryan highlights labor market strength as a key factor influencing consumer spending post-pandemic.
Full articleSummary: ExxonMobil stock price target raised to $135 from $128 by TD Cowen, highlighting robust performance and self-financing capacity. Analysts optimistic on acquisition of Pioneer Natural Resources, expecting positive market impact. Firm maintains Top Pick stance for ExxonMobil in the sector.
Full articleSummary: Bank of America believes the recent market pullback is a promising entry point before a summer rally. S & P 500 down 2.8% in April but strategist Stephen Suttmeier sees a constructive chart structure and supports buying the dip for a bullish breakout.
Full articleSummary: Bank of America believes the recent market pullback is a promising entry point before the market returns to green this summer despite April being the worst month for the S & P 500. Bank's strategist Stephen Suttmeier sees seasonality supporting a buying opportunity.
Full articleSummary: Honeywell hat eine Technologie entwickelt, um nachhaltigen Treibstoff (SAF) aus verschiedenen organischen Ausgangsmaterialien herzustellen, was einen großen Fortschritt für die Luftfahrtbranche darstellt. Ein Energieerzeuger plant, diese Technologie in den USA einzusetzen und milliardenschwere Investitionen zu tätigen. Dadurch könnte der Treibstoffbedarf der US-Airlines aus Haushaltsabfällen und Abwässern gedeckt werden.
Full articleSummary: The European Union is launching a new investigation into Meta's handling of election-related content, raising concerns about deceptive advertising and political content. There are also worries about Russia's efforts to undermine upcoming European elections and other foreign interference campaigns.
Full articleSummary: Union Pacific Railroad released its annual Building America Report, highlighting progress on safety, sustainability goals, and partnership with ZTR to test hybrid-electric locomotives. The report shows a commitment to reducing GHG emissions and a decrease in serious injuries and derailments.
Full articleSummary: Stock indexes fell after strong labor data raised speculation about no interest rate cut, I bonds interest rate reduced, Tesla planning more layoffs resulting in stock drop
Full articleSummary: Pro-Palestinian protesters rallied at Portland State University urging the institution to stop accepting gifts and grants from Boeing due to the company's ties with Israel. Although PSU has paused donations from Boeing, students believe more action is needed.
Full articleSummary: Scenic Biotech partners with Bristol Myers Squibb to accelerate drug target development.
Full articleSummary: Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 20 years by 8.27% on an annualized basis with an average annual return of 16.24%. The stock is currently priced at $723.12 per share.
Full articleSummary: DBS analyst Sachin Mittal has maintained a neutral stance on IBM stock with a Hold rating due to concerns about industry-wide risks and a potential economic downturn impacting IT spending.
Full articleSummary: Eli Lilly reported a 26% year-over-year revenue increase in the first quarter, but fell short of estimates. The company raised its annual sales forecast due to high demand for its weight-loss drugs.
Full articleSummary: Disney's Victoria & Albert's restaurant earns its first Michelin star, making it the first US theme park restaurant to achieve this culinary honor with a pre-fixe menu starting at $295 per person.
Full articleSummary: Elon Musk dismisses two senior Tesla executives and plans to lay off hundreds of more employees due to falling sales and pace of job cuts. Tesla's public policy team led by Rohan Patel will also be dissolved. Tesla has been grappling with falling sales and intensifying price war.
Full articleSummary: Ford CEO Jim Farley offered a racing experience to the family of a teenager with cancer who received a Ford Mustang from his father, Ford will be covering the family's flight and hotel expenses. The teenager expressed excitement to learn how to drift in the powerful Ford track Mustang.
Full articleSummary: Lockheed Martin (LMT) has been listed as one of the most searched stocks on Zacks.com. The aerospace and defense company has shown positive returns compared to the industry average despite a slight decrease in earnings estimates. The company's valuation suggests it is trading at par with its peers.
Full articleSummary: Pharmaceutical industry CEOs are continuing to push lawsuits to delay Medicare from negotiating lower drug costs despite federal judges affirming Medicare's power. Bristol Myers and J&J are planning appeals, while PhRMA is seeking validation from the conservative Fifth District. This actions are criticized as profiteering at its worst.
Full articleSummary: Boeing receives a $178 million contract from the U.S. Air Force to produce seven MH-139A aircraft, bringing the total number of contracted aircraft to 26.
Full articleSummary: The Delhi High Court remarked that Meta, the parent company of Facebook, WhatsApp, and Instagram, failed to respond properly to a media group's plea against the blocking of its Instagram page. The court warned Meta to improve its system or face consequences.
Full articleSummary: Foster & Motley Inc. trimmed its position in JPMorgan Chase & Co. by 7.0% during the fourth quarter, holding 63,432 shares valued at $10,790,000. Several other hedge funds also modified their holdings in JPM. Insiders of JPMorgan Chase & Co. have been selling company stock. JPMorgan Chase & Co. trading down 0.1% and increased dividend. Analyst ratings changes, with majority giving a buy rating and consensus target price of $192.05.
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