Summary: Microsoft has unveiled an update for its Edge browser, version 124.0.2478.67, with security enhancements, bug fixes, and the revocation of a mistakenly released component. The update addresses security vulnerabilities in the Chromium engine and introduces proactive security measures like warnings for downloads over HTTP.
Full articleSummary: Intel's shares fell around 10% after posting mixed Q1 performance, with Client Computing revenue growing but Data Center and AI revenue dropping. The company expects to lose 5 cents a share in the second quarter.
Full articleSummary: U.S. stocks traded higher, Dow Jones gained more than 100 points. Domino's Pizza reported better-than-expected Q1 earnings. Deciphera Pharmaceuticals, Inc. (DCPH), Collective Audience, Inc. (CAUD), Koninklijke Philips N.V. (PHG) shares surged. Clever Leaves Holdings Inc. (CLVR), Addex Therapeutics Ltd (ADXN), Assure Holdings Corp. (IONM) shares dropped significantly.
Full articleSummary: Focus on U.S. Federal Reserve meeting, Apple and Amazon earnings, tech regulation, Chinese economic data, Euro zone inflation and GDP data, and the market pattern of 'Sell in May'.
Full articleSummary: Loop Capital adjusted Charter Communications' price target to $285 from $335 with a Hold rating due to underperformance in key indicators and challenges from the Affordable Connectivity Program. Charter is adjusting its financial strategy towards the middle of its leverage target range, maintaining EBITDA growth projection but facing uncertainties in subscriber growth and fixed wireless capacity.
Full articleSummary: Pharmaceutical firms facing challenges with pricing pressure from health plan providers. ABBV declined due to Cigna offering a biosimilar to Humira, PFE at 52-week low without Covid-related boost, GILD revised EPS lower sharply with revenue rising Y/Y.
Full articleSummary: Pharmaceutical firms are facing challenges such as pricing pressure, competition from biosimilars, and disappointing sales results. AbbVie, Pfizer, and Gilead Sciences are among the companies experiencing negative impacts.
Full articleSummary: Multiple companies' target prices have been either raised or cut by various financial institutions. Initiations of coverage, price objective changes, and rating adjustments have been prominent in the news.
Full articleSummary: Various AI devices like the Humane AI Pin, Ray-Ban/Meta glasses, and Rabbit R1 are critiqued for limited functionality and high prices. Public beta gadgets like the Ray-Ban/Meta glasses and Rabbit R1 are seen as not yet ready for prime time. Meanwhile, CAA is reportedly creating digital clones of A-list actors, while Apple details new AI models for smartphones.
Full articleSummary: Tether has made a $200 million investment in Blackrock Neurotech, a biotechnology company focused on brain-computer interface technology, signaling a diversification of Tether's interests beyond cryptocurrency.
Full articleSummary: Lockheed Martin announced the transition of the Long Range Discrimination Radar (LRDR) to the Missile Defense Agency (MDA) from Clear Space Force Station in Alaska, marking a significant step in the deployment of the LRDR to enhance the US missile defense capability.
Full articleSummary: PayPal Holdings, Inc. is expected to report first-quarter 2024 results soon, highlighting growth in user engagements, strong monetization efforts of Venmo, and increasing momentum of buy now pay later solution. However, concerns about intensifying competition, macro headwinds, and tough comparisons with pandemic-driven volumes may impact active accounts number.
Full articleSummary: Oracle is enhancing its generative AI capabilities in response to increasing AI demand in cloud computing services and data centers.
Full articleSummary: Intel blames motherboard manufacturers for recent game crashes on Intel CPUs, stating that default BIOS settings by manufacturers are running CPUs beyond recommended power settings. Intel is requesting motherboard manufacturers to change default BIOS settings to match Intel's recommended settings.
Full articleSummary: Nvidia Corp. is expected to see more than 25% upside as major cloud companies increase their AI hardware spending outlooks, with analysts mentioning a significant opportunity for Nvidia in the inferencing phase of artificial intelligence.
Full articleSummary: Tether, the company behind the largest stablecoin, has invested $200 million in Blackrock Neurotech, a major competitor of Neuralink, to fund the commercialization of medical solutions and support R&D in BCI technology.
Full articleSummary: Salesforce has expanded its AI offerings with Einstein Copilot, a conversational AI assistant for CRM, along with new capabilities designed to enhance seller productivity and scale adoption of generative AI.
Full articleSummary: Boeing Co. is planning to issue around $8 billion of debt in various maturities, marking its first bond sale since reporting a quarterly loss and having its credit rating downgraded by Moody's. The company aims to protect its investment-grade rating despite negative outlooks from rating agencies.
Full articleSummary: The Japanese yen weakened further on Monday after the BOJ signals and anticipation of higher U.S. interest rates, pushing USDJPY pair close to levels last seen in 1986.
Full articleSummary: Visa is highlighted as a top component of Berkshire Hathaway's stock portfolio due to its competitive advantage in reach, middleman business model, impressive profit margins, and consistent return of shareholder value through stock buybacks and dividends. Despite its premium stock price, Visa is considered a great business worth investing in for the long term.
Full articleSummary: More than a quarter of shareholders at Bank of America and Goldman Sachs supported a resolution for the banks to disclose their ratios of clean energy to fossil fuel financing at their respective annual board meetings on Wednesday.
Full articleSummary: US stock futures rose on Monday as investors awaited earnings and the Fed's meeting. The 10-year Treasury yield and US Dollar Index have risen considerably this year. Stubborn inflation and slowing economic growth have fanned fears of stagflation on Wall Street.
Full articleSummary: European regulators gave Apple a six-month deadline to bring its iPad in compliance with the Digital Markets Act (DMA) as a 'gatekeeper' company. An investigation found that iPadOS meets the gatekeeper qualifications due to its significant user base and influence in the EU market.
Full articleSummary: Colgate-Palmolive Company will host its 2024 Annual Meeting of Stockholders via live video webcast on May 10, 2024 at 10:00 a.m. ET. The meeting will be virtual and led by the Chairman, President, and CEO, Noel Wallace. Investors can access the webcast at www.virtualshareholdermeeting.com/CL2024.
Full articleSummary: Colgate-Palmolive Company (NYSE: CL) to provide live video webcast of its 2024 Annual Meeting of Stockholders on May 10, 2024, hosted by CEO Noel Wallace. The meeting will focus on the company's initiatives for a healthier future and sustainability efforts.
Full articleSummary: Colgate-Palmolive Co. shares have crossed above the average analyst 12-month target price of $90.23, prompting analysts to potentially re-adjust their target prices after considering the company's business developments. There are 17 different analyst targets contributing to the average, with varying price expectations for CL stock.
Full articleSummary: Eli Lilly and is reporting better-than-expected Q1 earnings with earnings per share of $2.47 compared to $1.62 in the same quarter last year. Sales are expected to increase by 28.38% to $6.96 billion, and analysts estimate earnings of $12.49 per share for the current fiscal year.
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