Summary: Two fatal crashes involving Ford’s Blue Cruise partially automated driving system have drawn the attention of U.S. auto safety regulators. The National Highway Traffic Safety Administration has opened an investigation of the crashes, both involving Mustang Mach-E electric vehicles on freeways in nighttime lighting conditions.
Full articleSummary: StackSocial is offering a deal where users can purchase a one-time Microsoft Office 2019 license for $30, a significant discount from the usual price of $229 or $7 per month for Microsoft 365 subscription. The offer includes Home and Business suite for Mac users and Professional Plus version with additional apps for Windows users.
Full articleSummary: Ledger, the leading crypto security company and hardware wallet manufacturer, has announced Paypal payment integration for customers in the United States. Users can now buy popular digital currencies directly through the Ledger Live app using Paypal services. New users will need to create a Paypal account or undergo KYC verification to access this integration.
Full articleSummary: Pfizer's drug for treating cervical cancer receives full approval from the FDA based on positive late-stage trial results.
Full articleSummary: Oracle has integrated advanced AI capabilities into its Oracle Fusion Cloud Customer Experience to streamline processes for marketers, sellers, and service agents in order to expedite deal closures. The AI functionalities aim to automate tedious tasks, allowing professionals to focus on more meaningful tasks while technology engages buyers more precisely.
Full articleSummary: Short sellers betting against Tesla (TSLA) have lost more than $5 billion in the past week as the stock rallied nearly 40% since its quarterly results. Multiple analysts have a split stance on Tesla stock, with 23 rating it as a Buy, 24 as a Hold, and 14 as a Sell. Despite recent gains, there are concerns about sustaining the current valuation long term.
Full articleSummary: Tesla is progressing towards introducing its self-driving system in China by partnering with Baidu for mapping and navigation functions.
Full articleSummary: Nvidia CEO Jensen Huang is known for being a demanding leader with a reputation for juggling 50 direct reports.
Full articleSummary: Argus raised the price target for General Dynamics Corp. shares to $310 from $290, citing attractive valuation and bullish trend. The stock is considered a value opportunity with a dividend yield higher than the S&P 500 average. General Dynamics' financials show healthy revenue growth and stability.
Full articleSummary: Thermo Fisher Scientific Inc.'s Senior Vice President and General Counsel, Michael A. Boxer, conducted transactions involving the company's shares, selling 2,000 shares at $567.94/share and acquiring 2,000 shares through options at $210.68/share under a pre-established trading plan. Boxer's actions may reflect his viewpoint on the company's valuation and future prospects.
Full articleSummary: BofA Securities adjusted Charter Communications' price target from $315.00 to $300.00, maintaining a Neutral rating due to mixed Q1 performance. Anticipates increased broadband subscriber losses in Q2 and Q3 2024. Market becoming more competitive with challenges from ACP impact, fiber networks, and FWA services.
Full articleSummary: Deutsche Bank adjusted Bristol-Myers Squibb Co. shares outlook, lowering price target to $53 due to cost-cutting measures, redirecting savings into acquired assets. Management aims to optimize research and development strategy through agile approach. Hold rating suggests neutral stance on stock.
Full articleSummary: Marc Benioff, CEO of Salesforce, Inc., sold a significant amount of company stock totaling approximately $4.1 million. The transactions were executed at varying prices with weighted average prices per share ranging from $273.96 to $276.70. Benioff's direct holdings decreased but he maintains a substantial position in the company. The sales were done under a pre-established trading plan to avoid insider trading accusations.
Full articleSummary: Tesla Cybertruck is getting an off-road mode via an over-the-air software update, providing 4x4-style features like locking differentials and Baja Mode. The update also includes features like quick access to Wade Mode for deep water situations.
Full articleSummary: Coca-Cola is considering an initial public offering for its African bottling business, potentially seeking a valuation of over $8 billion. The company had previously put these plans on hold.
Full articleSummary: Meta Platforms (NASDAQ: META) stock returned a remarkable 150% over the last 12 months and reached a $1 trillion-plus market capitalization level. Despite challenges in 2022, solid performance in 2023 showcased the resilience of its advertising business.
Full articleSummary: Nvidia is set to benefit from increased spending on artificial intelligence by technology companies, with an analyst reiterating a buy rating and raising the price target by over 11% to $1,125.
Full articleSummary: The FOMC is expected to maintain the Fed policy rate with a more hawkish stance due to inflation trends since the last meeting. Markets are pricing in a hawkish Fed stance with delays in rate cuts. The Fed may announce a slowing of balance sheet runoff and the Treasury will announce the supply picture for Treasuries over the next quarter at its Quarterly Refunding Announcement.
Full articleSummary: Home Depot, Inc. (NYSE:HD) experienced a slight decrease in share price by 0.2% during trading on Monday and traded at $334.44. Several research firms have provided price targets and ratings for HD. The company's fifty day moving average is $364.77 and its two-hundred day moving average is $341.27. Home Depot also recently increased its dividend. Insider activity includes significant stock sales by top executives.
Full articleSummary: US District Judge rejected challenge by Bristol Myers Squibb and Johnson & Johnson to a law requiring them to negotiate prices of their blood clot prevention drugs with Medicare health insurance programme.
Full articleSummary: Salesforce CEO Marc Benioff sold a significant amount of shares of Salesforce stock over multiple days at decreasing prices, accumulating over $46 million in total transactions. The stock currently faces a decline in share price, trading down to $275.86, even though analysts maintain a positive outlook on the company.
Full articleSummary: Lowe's (LOW) stock closed with a +0.47% change, outpacing the S&P 500's gain. Shares had lost 9.76% over the past month. Analysts project a decrease in EPS and revenue for the upcoming quarter. Lowe's currently holds a Zacks Rank of #3. Valuation shows a premium compared to industry standards.
Full articleSummary: Honeywell International Inc declared a dividend of $1.0800 per share payable on June 07, 2024 to shareholders of record as of May 17, 2024. The company has a current dividend yield of 2.2331352234% and has increased its dividends for 13 successive years.
Full articleSummary: BNY Mellon Municipal Income Inc declared a dividend of $0.0150 per share payable on May 31, 2024. The stock has paid dividends since 1990, with a current yield of 2.7108%.
Full articleSummary: BNY Mellon Strategic Municipals Inc declared a dividend of $0.0190 per share payable on May 31, 2024. The company has a current dividend yield of 3.93% and has been paying dividends since 1990. The stock price closed at $5.85 on 04/29/2024.
Full articleSummary: Meta Platforms (NASDAQ: META) investors have experienced a significant return of 150% over the last 12 months, reaching a $1 trillion-plus market capitalization level. Despite challenges in the advertising business due to factors like Apple's privacy policy enhancements and competition from TikTok, the company saw solid performance in 2023, driven by its 'Family of Apps' business. However, concerns remain about the metaverse division, Reality Labs, given the heavy investment and uncertainties around potential returns. The stock currently trades at a P/E ratio of 26, in line with its five-year average, making it a hold at best for existing investors.
Full articleSummary: Coca-Cola's long-term performance has been underwhelming compared to peers like Walmart and PepsiCo. The company is expected to report $0.70 in EPS on $11 billion in revenue with a 4% operating income growth. Coca-Cola is forming a strategic partnership with Microsoft to improve technology and productivity through AI, aiming to enhance operating margin and free cash flow.
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