Summary: Boeing is raising $10 billion in bond sale with over $77 billion in orders amidst credit rating downgrade by Moody's, aiming to protect investment-grade rating.
Full articleSummary: The news discusses the automation of white-collar jobs through AI technology, with a focus on the growth of the global AI market. It also highlights the competition between Nvidia and AMD in AI chip dominance, as well as the rivalry between Google and Microsoft in AI integration. The article emphasizes Microsoft's advancements in AI technology, especially through its cloud computing platform Azure, and touches on some recent earnings reports from Microsoft and Alphabet.
Full articleSummary: Starbucks makes significant changes to its executive leadership team, including the appointment of a new North America CEO and CEO of Starbucks International.
Full articleSummary: UPS reported Q1 results with revenues missing but earnings ahead of estimates. UPS stock has seen a decline of 10% from early January to around $150 now. The company expects its 2024 revenue to be in the range of $92 billion to $94.5 billion.
Full articleSummary: Union Pacific Railroad released its annual Building America Report, highlighting development of a new cutting-edge hybrid battery-electric locomotive, safety improvements, and industry recognition for sustainability.
Full articleSummary: Alphabet-owned Google has laid off its entire Python team to cut costs by hiring cheap labor outside the United States, a former Google engineer described his layoff experience, and the company's move has caused a stir on social media.
Full articleSummary: IBM has quietly debuted Qiskit 1.0, featuring a new release cycle that aims to make Qiskit more stable than ever before. The latest version introduces improvements like new Sampler and Estimator primitives, Qiskit Runtime, support for OpenCASM3, and improved memory and performance.
Full articleSummary: POWERCONNECT.AI collaborates with Oracle to revolutionize customer service within the utility industry by leveraging Oracle's Cloud Infrastructure and advanced AI tools.
Full articleSummary: Chevron signed an agreement to operate an upstream block in the Walvis Basin offshore Namibia, away from the main exploration hub in Orange Basin.
Full articleSummary: Boeing announced that their T-7A Red Hawk achieved three recent milestones: Climate Chamber Test, Escape System Test, and Flight Control Law. The company is progressing in testing and flight completions, as well as building a new production line for low-rate initial production (LRIP) of the aircraft.
Full articleSummary: BlackRock Throgmorton Trust PLC reported a robust performance with a net asset value gain of 3.4% in March, surpassing its benchmark, and positive returns across a broad range of holdings, attributing success to specific stock performance.
Full articleSummary: Coca-Cola Co. is planning a potential initial public offering of its African bottling business, considering a dual listing in Johannesburg and Amsterdam with a valuation target of over $8 billion.
Full articleSummary: Wall Street analysts give PepsiCo a Buy-equivalent average brokerage recommendation (ABR) of 1.89, with 10 out of 18 recommendations being Strong Buy. The Zacks Rank rates PepsiCo as a Buy due to analysts' optimism regarding the company's earnings prospects and EPS estimates revisions.
Full articleSummary: Morgan Stanley cut AMD's stock price target to $177 from $193 while maintaining an Overweight rating due to mixed conditions in the core business and long-term questions in AI around NVIDIA's Blackwell chip.
Full articleSummary: A court hearing in an Amgen patent lawsuit against Sandoz over Prolia and Xgeva drugs' potential generic entry was cancelled, affecting about 20% of Amgen's 2022 revenue.
Full articleSummary: Intel CEO is optimistic about surpassing its 40 million AI PC CPU target this year, backed by Omdia research report confirming the presence of AI PCs in the market. Various chipmakers are targeting different user segments within the AI PC market.
Full articleSummary: Alphabet Inc (GOOGL, GOOG) shares are trading lower by 2.7% to $167.28 after surging last week on strong earnings which surpassed analyst estimates in both revenue and earnings for the fifth consecutive quarter.
Full articleSummary: Deutsche Bank analyst reiterated a 'buy' rating for PayPal Holdings Inc, projecting a potential 11% upside to $74 per share ahead of Q1 earnings. Analysts believe the stock is in a favourable position with the new CEO focusing on improving business operations and revitalizing Venmo.
Full articleSummary: The NHTSA has launched a preliminary investigation into Ford's BlueCruise driver-assistance system after two incidents involving a Mustang Mach-E. The agency will assess the effectiveness of the platform in maintaining driver attentiveness during operation.
Full articleSummary: Jefferies Financial Group upgraded General Dynamics from a hold rating to a buy rating with a new price target of $335.00. Other analysts also gave positive ratings and higher price targets for the aerospace company. General Dynamics also increased its dividend.
Full articleSummary: Eagle Wealth Strategies LLC disclosed a $2,335,000 worth new position in Eli Lilly and Company, while multiple large investors made modifications to their holdings. Major shareholder Lilly Endowment Inc sold 78,573 shares of LLY stock at an average price of $648.07. Analysts have mostly rated LLY as a 'Moderate Buy' with a consensus target price of $728.05.
Full articleSummary: Gustavo Gala, an analyst from Monness, reiterated a Buy rating on PayPal Holdings (PYPL) with a raised price target, citing promising trajectory, innovative strategies, and potential growth opportunities including expansion in brick-and-mortar retail and new offerings.
Full articleSummary: Bristol Myers Squibb entered a $1.8 billion collaboration with Repertoire Immune Medicines to create vaccines for autoimmune diseases using Repertoire's Decode platform. BMS will pay $65 million upfront to Repertoire and may provide additional milestone payments and royalties. Repertoire will lead vaccine activities up to development nomination stage, then BMS will take over clinical development and commercialization efforts.
Full articleSummary: Tokio Marine Asset Management Co. Ltd. and other hedge funds increased their holdings in Coca-Cola Europacific Partners PLC, with analysts setting new price targets for the stock. Coca-Cola Europacific Partners recently traded up by 0.8%.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon expresses concerns about stagflation and cautious about the economy due to rising inflation rates and slower economic growth.
Full articleSummary: Greatmark Investment Partners Inc. increased its stake in PayPal Holdings, Inc. by 13.9% in the fourth quarter, acquiring additional 26,884 shares. Several other institutional investors also modified their holdings. Analysts have mixed ratings on PYPL shares. The stock traded at $66.87 on Monday, with analysts expecting 4.02 EPS for the current year.
Full articleSummary: Fulton Bank, a subsidiary of Fulton Financial Corporation, acquired seized assets and deposits of Republic First from the US Federal Deposit Insurance Corporation. Fulton Financial's share value increased post the announcement of the deal.
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