Summary: Honeywell announced a quarterly dividend of 1.08 USD per share to be paid on June 7, 2024, to shareholders of record on May 17, 2024, reaffirming its commitment to innovative sectors like automation, future flight technology, and energy transition.
Full articleSummary: Google has decided to terminate its entire Python team causing shockwaves in the tech community and LinkedIn, leading to mass layoffs and emotional distress among employees. A recent post by ex-Google employee Matt Hu has shed light on the human cost of the company's downsizing.
Full articleSummary: Medtronic plans to lay off 44 employees at a facility in Carlsbad, California and restructure certain operations at the same site. This is part of a trend of job eliminations in the medical device industry since early 2023.
Full articleSummary: U.S. government debt rates moved slightly lower as traders anticipate the Federal Reserve's policy decision and April's jobs report. The Treasury yield on 2-year, 10-year, and 30-year bonds all dropped. Market awaits a Federal Reserve meeting and release of nonfarm-payrolls report this week.
Full articleSummary: Oracle plans to move its world headquarters to Nashville, Tennessee, focusing on the healthcare industry and investing in healthcare software products. The company aims to expand its reach in the healthcare sector by building a 1.2 million-square-foot campus in East Nashville. Oracle acquired health IT company Cerner in a $28 billion deal in June 2022, renaming it Oracle Health and transitioning its services to the cloud to enhance cybersecurity for healthcare organizations.
Full articleSummary: Seagen, acquired by Pfizer, received traditional FDA approval for Tivdak in recurrent or metastatic cervical cancer, with previous accelerated approval for the same indication. The application was granted priority review.
Full articleSummary: C6, backed by JPMorgan Chase & Co., achieved its first quarterly profit of 461 million reais and projects a full-year gain of about 2 billion reais.
Full articleSummary: The Home Depot Inc. has relaunched its retail media network as Orange Apron Media, aiming to differentiate its offerings and help suppliers reach customers efficiently. The company plans to double the number of suppliers in its network in the next few years. The retail network ads have shown to benefit suppliers by increasing product visibility and driving sales.
Full articleSummary: Lockheed Martin (NYSE: LMT) had a fantastic start to the year, beating Q1 expectations with revenue up 14%. Future revenue is forecasted to grow 2.4% on average for the next three years. The company has a $110 billion market cap and pays a 2.75% dividend, consistently raising its dividend for over 20 years. Despite being considered an expensive stock, there are opportunities in smaller defense companies like a tiny American firm specializing in advanced AI technology.
Full articleSummary: Charter Communications Inc. reported a loss of 72,000 Internet customers in the first quarter but added nearly 500,000 Spectrum Mobile lines. Revenue remained flat, and adjusted EBITDA increased by 2.8%, facing challenges from competition and ACP discontinuation. The company is optimistic about future growth backed by technology upgrades and new service offerings.
Full articleSummary: Lockheed Martin's stock (LMT) is showing bullish signs according to a financial expert's 'behavioral valuation' approach. The fundamentals, sentiment, and technicals all point towards a positive outlook, with a price target of $550 over the next 6-12 months.
Full articleSummary: Chevron expects resolution to dispute with Exxon over Guyana oil contract, clearing way for $53 billion acquisition of Hess Corp.
Full articleSummary: Meta's AI-powered ad purchasing system, called Advantage+ Shopping Campaign, is causing issues for users by overspending ad budgets and inflating costs. Customers are experiencing significant financial losses and inefficiencies due to the AI's actions. Complaints about the system's unpredictability and lack of response from Meta's customer service have been on the rise.
Full articleSummary: American Eagle Outfitters Inc. is relocating its New York City offices to a larger space on Madison Avenue.
Full articleSummary: Venture funding to AI-related startups increased in Q1 2024 compared to Q4 2023, albeit with a drop from Q1 last year. Several significant funding rounds were reported in the quarter, indicating ongoing investor interest in AI startups. The public market activity, notably the successful IPO of Astera Labs, is expected to further boost investor enthusiasm for AI.
Full articleSummary: Tesla has started rolling out the initial batch of its highly-anticipated Spring Release update for the Cybertruck, including notable improvements like Powersharing from Vehicle to Home, a Colorizer, and a turning circle update. The update has already been deployed to wave 1 and will be rolled out widely to more vehicles soon.
Full articleSummary: US futures point to a higher open with Dow, S&P, and Nasdaq futures all showing gains. Tesla jumps 14% on reports of the launch of its driver-assisted technology in China. Apple rises on renewed talks with OpenAI. Markets are focused on upcoming FOMC rate decision and NFP report.
Full articleSummary: Fool.com contributor Parkev Tatevosian discusses whether investors should buy Microsoft stock at current valuations and includes Microsoft in the list of 10 best stocks to buy right now according to Motley Fool Stock Advisor.
Full articleSummary: DirecTV and Diamond Sports Group have reached a tentative agreement for a multiyear renewal of their carriage deal, concluding a process that is crucial for Diamond's reorganization as it emerges from Chapter 11 bankruptcy protection. Talks are ongoing with Comcast, although differences in tiering strategies pose challenges.
Full articleSummary: GLP-1 drugs from Novo Nordisk and Eli Lilly are gaining popularity for treating diabetes and obesity, boosting revenue and expectations for both companies. Both are set to report their first quarter earnings this week, with Novo expected to report at least $9 billion and Lilly expected to bring in revenue of $8.9 billion. The demand for their key drugs, such as Ozempic, Wegovy, Mounjaro, and Zepbound, has led to ongoing shortages.
Full articleSummary: Costco plans to open a location in Rhode Island but still lacks stores in Rhode Island, West Virginia, and Wyoming. Despite the absence in these states, the warehouse chain reported an increase in total membership and revenue.
Full articleSummary: Tether invested $200 million in Blackrock Neurotech to take a majority stake in the brain-to-computer interface startup, which values Blackrock Neurotech at $350 million. Tether's move is part of its new Tether Evo arm dedicated to propelling humanity into a future where technology and human capabilities merge.
Full articleSummary: Federal regulators are investigating fatal crashes involving Ford Mustang Mach-E electric vehicles with BlueCruise self-driving feature. NHTSA to evaluate BlueCruise system's performance.
Full articleSummary: Google plans to invest $1 billion to expand its data centers in Loudoun and Prince William counties in Virginia, in addition to investing $2 billion in a new data center campus in Fort Wayne, Indiana. The expansions are aimed at supporting Google's various products and artificial intelligence innovation. As part of the announcement, Google also introduced a $75 million fund to train one million Americans in AI skills.
Full articleSummary: Tesla stock soars as Elon Musk gets approval for Full Self-Driving technology in China, Apple stock jumps on Bernstein upgrade, Philips stock jumps over 26%
Full articleSummary: Colgate-Palmolive Company will provide a live video webcast of its 2024 Annual Meeting of Stockholders, hosted by Noel Wallace, Chairman, President and CEO. The meeting will be held virtually with access to the live video webcast provided for investors.
Full articleSummary: GE Aerospace released its first-quarter earnings report which highlights its wide economic moat in the commercial aerospace market, strong financial strength, and risks associated with environmental, social, and governance factors. Morningstar rates GE Aerospace as a wide-moat business with a fair value estimate of $167 per share. The company's high-margin engine maintenance services and ongoing research and development efforts contribute to its competitive edge over rivals such as Pratt RTX, Rolls Royce RYCEY, and Safran SAFRF.
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