Summary: Tesla's stock (TSLA) is surging as reports suggest China is close to approving the automaker's deployment of its Full Self-Driving package in the country, potentially unlocking a significant market for Tesla.
Full articleSummary: Ford is doubling down on electric vehicles (EVs) despite heavy losses reported in the first quarter. The company plans to develop new affordable EVs with a focus on pricing them between $25,000 to $30,000.
Full articleSummary: Some Intel Core desktop CPUs are crashing when running 3D games and resource-intense programs. Intel is blaming 600 and 700-series chipsets with BIOS settings that disable safeguards designed to limit processor exposure to high voltage and frequency. Intel plans to issue a consumer-focused statement in May addressing the issue.
Full articleSummary: Nestlé reports low single-digit first quarter sales growth for its coffee segment, with Nespresso sales falling by 4%. Coffee sales underperformed in North and Latin America but showed momentum in Europe, China, and the Asia, Oceania, and Africa (AOA) region. Nestlé plans to launch Nespresso in India to tap into the growing demand for premium coffee beverages.
Full articleSummary: European Union officials are investigating Meta over concerns of not doing enough to protect upcoming EU elections from foreign disinformation on its platforms, which could lead to steep fines or penalties. The probe focuses on handling advertising by scammers, foreign election meddlers, and shutting down an analysis tool used by researchers and journalists.
Full articleSummary: Eli Lilly, a pharmaceutical juggernaut, is not heavily focused on share buybacks despite its strong financial position. The company only spent $750 million on repurchasing its own shares in 2023, with no buybacks in the following three quarters. Instead, Eli Lilly prioritizes capital expenditure on drug development and marketing, as exemplified by the successful approval of Zepbound, a repurposed diabetes treatment for weight loss.
Full articleSummary: The Home Depot showcases commitment to Diversity, Equity & Inclusion (DEI) with a personal story from a Regional Vice President and insights from the company's chief diversity officer.
Full articleSummary: Alphabet Inc. joined the $2 trillion club with a 10.2% surge in shares, driven by strong Q1 earnings beat and positive outlook, benefiting Alphabet-heavy ETFs like IXP, XLC, VOX, FCOM.
Full articleSummary: Apple's 10th-gen iPad is currently on sale for $349 at Amazon and Best Buy, offering significant savings compared to its predecessor. The model boasts improvements such as a larger display, better camera, faster processor, and USB-C support.
Full articleSummary: Parkev Tatevosian, a CFA affiliate of The Motley Fool, has positions in and recommends PayPal. The Motley Fool also has positions in PayPal and recommends short June 2024 $67.50 calls on PayPal.
Full articleSummary: ExxonMobil is in talks with Turkey to supply LNG, helping the country reduce its dependence.
Full articleSummary: Boeing's Starliner program manager announced plans to attract private astronauts to future missions, but currently only NASA astronauts will use the spacecraft. Boeing is focusing on the first manned Crew Flight Test mission scheduled for May 6, with potential plans to expand its fleet in the future. SpaceX and Boeing received contracts from NASA for commercial crew missions to the ISS after the Space Shuttle program ended in 2011.
Full articleSummary: BlackRock, the largest Spot Bitcoin ETF provider, has experienced zero inflow activity for approximately three days, breaking its previous record streak of 71 daily inflows. This pause in investments, coupled with outflows in other Spot Bitcoin ETFs, has led to a decline in the price of Bitcoin.
Full articleSummary: PayPal is actively working to combat online fraud which is on the rise, implementing biometric technology to enhance security and user experience. The company is spending a significant amount to increase platform safety and is focusing on disrupting fraudulent schemes using new technologies and psychological tactics. There is a strong emphasis on securing users' personal biometric data and adhering to international regulations on privacy.
Full articleSummary: Eli Lilly (LLY) spent a relatively modest amount on share buybacks in 2023 despite its large market capitalization and strong financials, focusing more on drug development and sales. The recent FDA approval of Zepbound, a weight-loss treatment, has further boosted the company's popularity and is expected to drive stock interest.
Full articleSummary: General Dynamics (GD) was upgraded to Buy from Hold by Jefferies due to positive outlook for its Gulfstream business-jet unit, with new jets entering service and potential profitability. Jefferies also raised the price target on GD to $335 per share.
Full articleSummary: Betrüger nutzen die Hilfsbereitschaft von Paypal-Nutzern aus, indem sie Geld überweisen und um Rücksendung bitten, was zu Betrugsmaschen führen kann. Empfänger riskieren den Verlust des zurückerstatteten Betrags und des anfänglichen Geldes. Verbraucherzentrale warnt vor dieser perfiden Masche und rät zur Verwendung der 'Rückzahlung senden'-Funktion, um Betrug zu vermeiden.
Full articleSummary: Citi Group Inc. is updating its approach to reporting on sustainability matters citing the Task Force on Climate-related Financial Disclosures recommendations, relevant sector standards from the Sustainability Accounting Standards Board, and the U.N. Guiding Principles. The report emphasizes the broader view of environmental, social, and governance (ESG) perspectives compared to financial disclosures.
Full articleSummary: Cellares has signed a deal worth up to $380 million with Bristol Myers Squibb to optimize and manufacture select CAR-T therapies, which enhances BMS's cell therapy production muscle and aims to improve scalability and turnaround time. The partnership aligns with Cellares' strategy of establishing a global network of high-throughput, automated Smart Factories to meet the increasing demand for cell therapies.
Full articleSummary: European Union officials are investigating Meta over concerns of inadequate protection for upcoming EU elections and combatting foreign disinformation, potentially leading to significant fines. The probe focuses on handling advertising by scammers and foreign election meddlers, as well as decisions impacting transparency rules and tools for reporting illegal content.
Full articleSummary: Google plans to invest $1 billion in expanding data center campuses in Northern Virginia, introducing AI workforce programs and grants to enhance AI skills in the region. This investment will bring Google's total investment in the state to over $4.2 billion.
Full articleSummary: Meta's Oversight Board is planning to lay off some employees who support the decision-making experts, in response to pressure to combat AI content before elections. The layoffs may impact Meta's ability to police misinformation on its platforms.
Full articleSummary: Apple Inc. finds itself at a pivotal crossroads within the $160 to $168 price range, a critical demand zone that could either lead to a resurgence or a potential pitfall. The company's strong cash flows and innovation capabilities may help it bounce back from recent setbacks. Despite challenges such as antitrust probes and stagnant iPhone sales, Apple's financial health and strategic efforts in high-potential markets like home robotics position it for long-term growth.
Full articleSummary: Türkiye is negotiating a multibillion-dollar LNG deal with U.S. energy giant ExxonMobil to reduce dependence on Russian energy. This can potentially last over a decade.
Full articleSummary: Finian O'Shea from Wells Fargo maintained a Hold rating on BlackRock TCP Capital (TCPC) with a price target of $10.00. The company's shares closed at $10.09. Analyst consensus is Hold with a price target consensus of $10.50.
Full articleSummary: Dignity Health and Aetna have reached a new multi-year contract to allow Aetna members in Arizona, California, and Nevada to maintain in-network access to Dignity Health services.
Full articleSummary: Air China signed an agreement with Comac to buy 100 domestically made C919 jets, ensuring years of additional business for Comac and turning heads overseas. The airline negotiated a large price discount for the US$10.8 billion order. The move comes as Boeing faces safety scandals and the US aviation regulator blocks it from expanding production.
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