Summary: Bank of America (BAC) Art Conservation Project is funding conservation upgrades for various art pieces at institutions around the globe, with grants going to twenty-four nonprofit cultural institutions in several countries. Bank of America's conservation program has supported over 261 projects in forty countries, in addition to managing a 60,000-piece art collection including works by Andy Warhol, Ed Ruscha, and Joan Mitchell.
Full articleSummary: Supreme Court rejects Elon Musk's appeal over settlement with securities regulators, requiring pre-approval for some tweets related to Tesla. Case stemmed from misleading 2018 tweets about Tesla going private, leading to share price jump and trading halt. SEC alleged violation of antifraud provisions, investigating further in 2021 over new tweets. Musk later acquired Twitter and renamed it X.
Full articleSummary: McDonald's is set to open a new restaurant in Fareham with 65 seats, creating around 100 new jobs for the local community. The eatery will feature table service, self-ordering kiosks, an outside seating area, and the latest technology for a seamless customer experience.
Full articleSummary: Apple is expected to unveil new iPads at its Let Loose event next week, with rumors suggesting the iPad Pro 2024 models may run on a new Apple M4 chip featuring an upgraded Neural Engine for enhanced AI performance. The event is also expected to introduce the largest iPad Air ever released, along with new accessories like the Magic Keyboard and Apple Pencil 3.
Full articleSummary: Oracle Corp. Chairman Larry Ellison plans to move headquarters to Nashville after relocating from California to Texas three years ago. Many employees did not follow the first move, leaving more office workers in California than Texas.
Full articleSummary: Coca-Cola Co is expected to report first-quarter revenue slightly ahead of last year and an increase in earnings per share compared to the same quarter last year. Analysts will closely monitor the earnings report as food and beverage stocks can provide insight into consumer spending amidst increased inflation. International conflicts and commentary on new products will also be key areas to watch.
Full articleSummary: Estée Lauder Companies and Microsoft Corp. are creating an AI Innovation Lab to develop AI solutions for Estee Lauder's beauty brands. This expanded global strategic relationship will focus on faster response to social trends, more effective product innovation, and personalized consumer experiences.
Full articleSummary: PremjiInvest will invest more money into artificial intelligence companies and fine-tune its proprietary AI investment tools, including developing an AI quant model for public market bets.
Full articleSummary: BlackRock Throgmorton Trust PLC has repurchased 17,332 of its ordinary shares to be held in treasury, at an average price of 590.38p, increasing the company's treasury to hold 10.64% of the total issued share capital.
Full articleSummary: IBM, Canadian, and Quebec governments have reached agreements to strengthen Canada's semiconductor industry with a combined investment valued at approximately CAD 187 million. The investments aim to advance packaging capabilities and conduct R&D for scalable manufacturing and advanced assembly processes.
Full articleSummary: Anne Robinson has been hired by IBM as the new senior vice president and chief legal officer, succeeding Michelle Browdy who is retiring.
Full articleSummary: JPMorgan Chase & Co. and Goldman Sachs Group Inc. are discussing leading a $1.05 billion financing for ASC Engineered Solutions involving Apollo Global Management Inc. and Oaktree Capital Management.
Full articleSummary: Whales with a lot of money have taken a noticeably bullish stance on JPMorgan Chase, with 62% of investors opening trades with bullish expectations and a price target range from $180.0 to $220.0 over the last 3 months. Analysts provide an average target price of $211.4 for JPM stock.
Full articleSummary: Coca-Cola is set to report its first-quarter financial results with revenue and earnings per share expected to be slightly higher than the previous year. The company has a positive track record of beating analysts' estimates. Investors will focus on consumer spending trends, revamping of product lines, potential impacts of weight-loss drugs on sales, and commentary on international conflicts.
Full articleSummary: China Southern, one of China's largest airlines, has agreed to buy 100 locally built C919 planes from COMAC, challenging the dominance of Airbus and Boeing. The short lag time between order and delivery of C919 gives COMAC a competitive advantage over its Western rivals already booked until end of the decade. However, the C919 relies on international suppliers for 40% of its components, which might pose supply chain challenges in the future.
Full articleSummary: Comcast had its price objective reduced by Citigroup from $53.00 to $48.00 with a 'buy' rating on the stock, indicating a potential upside of 23.74% from the stock's previous close. Various analysts also issued mixed ratings on the stock.
Full articleSummary: KLA had its price target raised by Citigroup to $760.00 with a 'buy' rating, indicating a 7.06% potential upside. Various other analysts have also raised their price targets and ratings for KLA, with an average target price of $722.26. Additionally, KLA recently reported quarterly earnings that exceeded analysts' expectations.
Full articleSummary: Diversified LLC increased its position in JPMorgan Chase & Co. and several other large investors also added stakes in the company. JPMorgan Chase & Co. trading up 0.1%. The company increased its dividend and insiders made significant stock transactions. Analysts have mixed views with a consensus rating of 'Moderate Buy' and an average target price of $192.05.
Full articleSummary: Exxon Mobil Rewards+ members can redeem points for Fandom Fuel Kits themed to each city hosting U.S. races, including a pair of driving gloves signed by Max Verstappen or Sergio Perez. Synergy Supreme+ premium gasoline is promoted for better engine cleanliness and gas mileage. Kits will be available ahead of the Miami Grand Prix starting May 3.
Full articleSummary: Zacks Premium offers various tools to help investors make confident decisions, including Zacks Style Scores which rate stocks based on value, growth, and momentum characteristics. It advises investors to combine Zacks Rank #1 or #2 with Style Scores of A or B for higher probability of success.
Full articleSummary: Nvidia has released a new variant of the RTX 4070 graphics card with harvested AD103 chips, repurposing chips that couldn't meet specs for higher-end models like the 4070 Ti Super and 4080 Super. This swap doesn't provide significant benefits to end users and is more advantageous for Nvidia and its partners. The upcoming Nvidia Blackwell RTX 50-series cards are expected to enter the market later this year.
Full articleSummary: Apple stock rose after Bernstein analysts upgraded it to outperform with a price target of $195. They advised investors to 'buy the fear' and 'be like Buffett.' The analysts believe the weak iPhone 15 cycle and China concerns have weighed on the stock, but Apple's China struggles are viewed as more cyclical than structural. Additionally, the company faces regulatory issues, such as being labeled a 'gatekeeper' under the EU's Digital Markets Act.
Full articleSummary: NASA astronauts Butch Wilmore and Suni Williams, along with backup astronaut Mike Fincke, completed a dress rehearsal for their upcoming mission aboard Boeing Starliner, known as Crew Flight Test (CFT), scheduled for May 6. This marks the first crewed Boeing Starliner mission to the International Space Station, aiming to certify the spacecraft for operational missions. Boeing and SpaceX received contracts in 2014 from NASA to conduct commercial crew missions to the ISS.
Full articleSummary: Tesla (TSLA) stock soared 15% as CEO Elon Musk won Chinese approval to deploy Full Self-Driving (FSD) software in China, partnered with Baidu for street-level mapping data for FSD, and gained a competitive edge against rivals. The approval is seen as a watershed moment for Tesla.
Full articleSummary: The Bank of New York Mellon Corp. has reached an agreement with Computershare to divest BNY Trust Company of Canada, aligning with BNY Mellon's strategic focus on foreign markets outside Canada. The deal is expected to be completed in the second quarter of 2024. Additionally, BNY Mellon remains optimistic about strategic acquisitions and divestitures to penetrate overseas markets.
Full articleSummary: Major U.S. equity indexes rose, boosted by the tech sector. Tesla shares surged on approval for Full Self-Driving system in China. Apple stock climbed after an upgrade from Bernstein. Other notable stock movements were seen in Domino’s Pizza, Sofi Technologies, Google's Alphabet, and Meta Platforms. Oil futures fell, gold prices rose, and major cryptocurrencies were lower.
Full articleSummary: The Chemours Company (NYSE: CC) investors are reminded of the deadline to file a lead plaintiff motion in a securities class action lawsuit due to alleged violations of the Securities Exchange Act of 1934 by the company and certain officers. The lawsuit involves accusations of manipulating Free Cash Flow targets and deficient accounting practices. Chemours' stock price declined over 31% on February 29, 2024, following the announcement of investigations and placing senior executives on administrative leave.
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