Summary: Some Apple users are being signed out of their Apple IDs across devices for no reason since Friday, April 26, forcing them to reset passwords. Users report the random issue on social media. It is advised to reset password if affected.
Full articleSummary: Microsoft and Google Cloud are growing twice as fast as AWS in the cloud market, leveraging their superior AI and enterprise software capabilities. AWS is projected to report a growth rate of about 13% in Q1 compared to Microsoft's 23% and Google Cloud's 28%. The growth gap is attributed to factors such as enterprise-software expertise, AI revolution, and strong relationships with high-level executives.
Full articleSummary: Colgate-Palmolive (India) Ltd. shares traded 0.02% down despite a gain in the BSE benchmark Sensex, with a 52-week high of Rs 2875.0 and 52-week low of Rs 1560.75. The stock's P/E ratio was 60.33 and price-to-book value was 23.88, while the Beta value stood at 0.52.
Full articleSummary: Google's latest round of layoffs have hit engineers working on its Flutter and Python teams despite a rise in net profit. The company continues to crackdown on costs with layoffs affecting various teams and projects.
Full articleSummary: Nashville is experiencing a population boom as major companies like Oracle and Amazon move their headquarters to the city, driving up property values and the cost of living. Some locals are expressing frustration and concern over the changing dynamics of their city.
Full articleSummary: The social media leader posted a strong earnings report with revenue rising 27% and earnings soaring 114%, but its weaker-than-expected revenue guidance and increased spending plans caused its stock to drop; Despite challenges, analysts point out that Meta is growing faster than its competitors, trades at a low forward earnings multiple, and its investments in AI and metaverse technologies could lead to long-term benefits
Full articleSummary: Apple (AAPL) shares are down over 10% this year due to various challenges, including litigation and competition in China. Investors are awaiting Apple's upcoming earnings report for indications of improvement.
Full articleSummary: Apple's upcoming fiscal second quarter results to focus on iPhone sales in China, which fell 19% in the first quarter.
Full articleSummary: Wells Fargo & Co. (NYSE:WFC) was downgraded from 'Accumulate' to 'Neutral' by Phillip Securities with a steady price target of $60.83. The downgrade was influenced by recent share price activity, with forecasts for fiscal year 2024 remaining unchanged. The analysis is based on a projected P/BV ratio of 1.21 times and an expected ROE of 13%. Although earnings may be impacted by a decrease in NII, share buybacks are likely to benefit EPS.
Full articleSummary: Barclays reduced the price target for Gilead Sciences from $80.00 to $76.00 with an equal weight rating, while multiple analysts have provided different ratings and target prices. Gilead Sciences had a return on equity of 24.34% and a net margin of 1.76% in its recent earnings report. The company also announced a quarterly dividend.
Full articleSummary: Deep-pocketed investors have adopted a bearish approach towards Bank of America (BAC) as significant options activities and sentiment analysis indicate a notable move in the stock. The mood among investors is divided with a higher percentage leaning bearish. Whales have been targeting a price range from $30.0 to $50.0 over the last 3 months for BAC.
Full articleSummary: Truist Financial Corp reduced its stake in Gilead Sciences by 13.9% during the fourth quarter, while other institutional investors have been actively buying and selling shares of the company. Gilead Sciences also declared a quarterly dividend and there was insider activity with an insider selling shares. Wall Street analysts have mixed ratings on the stock.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon praised Plano for its business environment and highlighted the benefits of corporate relocations, mentioning the establishment of the company's regional headquarters in the city. Several other companies, like Westwood Professional Services, Graze Inc., and QuickFee, have also relocated to Plano, joining the trend of tech firms moving to the area. The Dallas-Fort Worth region, including cities like Plano, Frisco, Irving, and McKinney, attracts multiple Fortune 500 companies.
Full articleSummary: Tether makes a groundbreaking $200 million investment in Blackrock Neurotech, a biotech company specializing in BCI technology, to advance medical solutions for paralysis and neurological disorders.
Full articleSummary: PepsiCo (PEP) is outperforming its peers in the Consumer Staples sector, with a year-to-date return of 3.4% compared to the sector's average of 1.7%. Analyst sentiment has improved with a Zacks Rank of #2 (Buy) and a 0.7% increase in full-year earnings estimate. Another stock to watch is Pilgrim's Pride (PPC), which has a year-to-date return of 29.3% and an increased consensus EPS estimate of 21.4% over the past three months.
Full articleSummary: Bank of America plans to enter the Milwaukee area with a new location in 2025 as part of its expansion to Wisconsin, which includes opening five financial centers in the region. The new location would anchor a mixed-use development with 16 apartments and additional commercial space.
Full articleSummary: Wall Street's major market averages rose while yields cooled in anticipation of the Federal Reserve rate decision on Wednesday. Dow was up 0.2%, S&P 500 gained 0.2%, and Nasdaq Composite picked up 0.2%. Sectors like Consumer Discretionary and Utilities performed well, with Communication Services and Consumer Staples lagging. U.S. Treasury yields dipped slightly.
Full articleSummary: Bristol-Myers Squibb Company's price-to-sales ratio is below industry average due to poor revenue performance and expected limited growth. Analysts forecast a decrease in revenue in the next three years, leading to a bearish sentiment on the stock's valuation.
Full articleSummary: 1. Elon Musk’s appeal on 'Twitter sitter' agreement declined by U.S. Supreme Court. 2. Markets may be underestimating geopolitical risks in Middle East and Russia-Ukraine tensions. 3. Domino's Pizza stock climbs over 4% on soaring earnings beating estimates.
Full articleSummary: Costco's significant gold sales have attracted mainstream attention, transforming the market and influencing sentiment among retail investors. The timing coincides with higher inflation, economic uncertainty, and geopolitical tensions, appealing to consumers seeking safe-haven assets like gold.
Full articleSummary: The European Commission has decided to add Apple's iPadOS to the Digital Markets Act's list of gatekeepers, giving Apple six months to comply with the standards. iPadOS will be subject to similar changes as iOS to maintain compliance. The decision was based on iPadOS's significant market control and its role in locking users into the Apple ecosystem.
Full articleSummary: Morgan Stanley decreased IBM's target price from $186.00 to $179.00 with an equal weight rating. Evercore upgraded the stock from in-line to outperform with a target price of $200.00. Overall, analysts have an average rating of Hold with a consensus target price of $184.08.
Full articleSummary: Amgen Inc. has disclosed new GTPase KRAS (G12D mutant) inhibitors for the treatment of cancer.
Full articleSummary: Atalaya Mining PLC has announced a significant change in shareholdings, with BlackRock, Inc. now holding a total of 3.97% of the company’s voting rights as of April 26, 2024.
Full articleSummary: Millennials and Gen Z account for over 60% of new American Express accounts globally, focusing on providing digital experiences and design tailored to these generations.
Full articleSummary: Several Wall Street firms have made notable calls on various companies, including Tesla, AT&T, Apple, and Nvidia, among others.
Full articleSummary: Goldman Sachs forecasts a surge in power consumption in the U.S. and Europe driven by data centers supporting AI advancements, leading to increased electricity demand and capital investment for power generation capacity. Big tech companies are building data centers to cater to the growing demand for AI applications.
Full article