Summary: Lockheed Martin Corporation reported strong first quarter 2024 results with increased sales and robust free cash flow. The company remains confident in achieving full year financial expectations, bolstered by a substantial backlog and ongoing investments in R&D and capital projects.
Full articleSummary: Analysts weighed in on S&P Global (SPGI) and Capital One Financial (COF). Robert W. Baird analyst maintained a Buy rating with a price target of $491 for SPGI. For COF, David George from Robert W. Baird maintained a Hold rating with a price target of $145.
Full articleSummary: Costco, a large retailer known for its unique membership-based business model, has achieved rapid growth and massive consumer base with over 129.5 million members worldwide. The company's focus on offering goods in bulk at lower prices has contributed to its success, with a market cap exceeding $320 billion.
Full articleSummary: Microsoft to invest $1.7 billion over four years in building new cloud and AI data centers in Indonesia, part of its commitment to ramp up global AI investments and train millions in AI skills. The investment is the largest ever in Indonesia by Microsoft, aiming to help the country become a global economic powerhouse driven by advanced technologies like AI.
Full articleSummary: Colgate-Palmolive had its target price raised by Wells Fargo & Company and received several positive ratings and price target upgrades from other research analysts. The company also reported better-than-expected quarterly earnings and announced an increase in its dividend. Insiders have been selling shares, while hedge funds have been adjusting their holdings.
Full articleSummary: Coca-Cola reported quarterly earnings and revenue that exceeded Wall Street's expectations, raising its full-year outlook for organic revenue, with a 1% increase in global unit case volume. The company's overall prices were up 13% with half attributed to hyperinflation in certain markets.
Full articleSummary: Boeing secures a $178 million contract from the U.S. Air Force to deliver seven MH-139A Grey Wolf helicopters and support services, bringing the total contract helicopters to 26. The MH-139 is a multimission helicopter built based on the Leonardo AW139 aircraft.
Full articleSummary: Republic First Bank became the first bank failure of 2024, with Fulton Bank acquiring its assets. Expert warns of more bank failures due to higher-cost deposits, deteriorating commercial real estate market.
Full articleSummary: Starbucks Corp. (SBUX) will host a conference call to discuss Q2 24 earnings results.
Full articleSummary: Nitin Kumar CFA from Mizuho Securities maintained a Buy rating on Chevron with a price target of $200.00. The company's first quarter results of 2024 showcased robust financial and operational performances, including exceeding earnings expectations and strong results in both upstream and downstream sectors. Chevron's strategic projects, such as the WPMP and FGP, are progressing well. Barclays also maintained a Buy rating on the stock with a $203.00 price target. CVX's price has increased by 7.20% over the past six months.
Full articleSummary: Colorado's two largest cooperatives, CORE Electric Cooperative and United Power, are set to leave their long-time power suppliers to enter the merchant power market, seeking local control and financial independence. The cooperatives will now have more options to contract with utility-scale resources like solar and battery storage, moving away from traditional wholesale purchases.
Full articleSummary: Scenic Biotech has entered into a research collaboration with Bristol Myers Squibb to accelerate the development of drug targets. Scenic Biotech will receive an upfront payment and potential additional payments contingent upon milestones.
Full articleSummary: Oracle, after relocating its headquarters from California to Texas three years ago, now plans to move to Nashville, citing the appeal of the healthcare sector and quality of life in the city. The previous move to Texas saw limited employee relocation, with California still housing more workers. Oracle's acquisition of Cerner in 2022 led to more employees in Missouri than in Texas.
Full articleSummary: Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) soared to new highs following its strong Q1 earnings report, driven by the company's AI advancements and solid advertising backdrop. Investors were also excited about Alphabet's plans to pay its first-ever dividend and a $70 billion share repurchase program.
Full articleSummary: The National Highway Traffic Safety Administration (NHTSA) has opened a preliminary probe into Ford’s BlueCruise driver-assist software after two accidents involving the system resulted in fatalities. The system had been engaged at the time of the collisions, and the investigation will determine whether a recall request to Ford is necessary.
Full articleSummary: IBM is expanding its Technology Expert Labs team in Markham, Ontario, to address AI skills gap and data complexity issues faced by organizations, with a focus on generative AI, data & AI, hybrid cloud, and cybersecurity solutions.
Full articleSummary: IBM is expanding its Technology Expert Labs team in Markham, Ontario, Canada to address the AI skills gap and data complexity faced by organizations, with a focus on generative AI, data & AI, automation, hybrid cloud, sustainability, and cybersecurity.
Full articleSummary: The Coca-Cola Company will hold a conference call to discuss Q1 2024 earnings results.
Full articleSummary: Amazon is set to report quarterly earnings, updating on AI development, cloud business, and advertising segment. The company is focusing on AI initiatives to boost its cloud business and compete with market leaders Microsoft and Google. Amazon's stock, up 20% for the year, is poised for potential impacts from the Fed's policy meeting and interest rate decisions.
Full articleSummary: Nvidia has been a leader in the AI sector, but competition from companies like Advanced Micro Devices and Intel could pose a threat. Microsoft and ServiceNow are positioned well to capitalize on the AI boom due to their diverse offerings and growth potential.
Full articleSummary: Union Pacific Railroad released its annual Building America Report, highlighting progress on key goals such as safety, sustainability, and the development of a new hybrid battery-electric locomotive. The report also mentions improved safety metrics, advancements in climate action goals, and corporate transparency achievements.
Full articleSummary: A large clinical trial concluded that the drug semaglutide helps people with obesity lose around 15% of their weight, leading to a surge in demand for the drug now sold as Wegovy. Analysts predict annual sales for this new class of medicines to exceed $100 billion next decade. Novo and Lilly are frontrunners in this revolution, but competitors are striving to develop more effective or convenient treatments for obesity.
Full articleSummary: Asana CEO Dustin Moskovitz criticized Elon Musk and Tesla for allegedly committing fraud on a massive scale, particularly regarding their full self-driving technology. Moskovitz compared Tesla to Enron, implying serious concerns about the company's practices and transparency. This ongoing criticism adds to the skepticism surrounding Tesla's claims and promises.
Full articleSummary: Washington Trust Bank partners with FHLB Des Moines to award $200,000 in grant dollars to Central Oregon affordable housing organizations, part of a $20 million matching grant program introduced in 2023 to strengthen communities in targeted areas.
Full articleSummary: IBM has announced an agreement with RIKEN to deploy its next-generation quantum computer at the RIKEN Center for Computational Science in Japan. IBM will work on developing software stack for quantum-classical workflows. The system will be powered by a 133-qubit 'IBM Quantum Heron' processor, offering a five-fold improvement in error reduction.
Full articleSummary: IBM announces the expansion of IBM Technology Expert Labs in Markham, Ontario, Canada to support organizations in adopting generative AI, Hybrid Cloud, and Cybersecurity solutions, addressing AI skills gaps and data complexity
Full articleSummary: Comcast has opened applications for small businesses to apply for the Comcast RISE program, which provides grants, technology makeovers, marketing support, and coaching sessions. The total grant amount is $500,000 for eligible businesses in certain cities.
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