Summary: BNY Mellon is a reputable financial services company offering various services like investment management and wealth management. They have recommended three mutual funds to buy for long-term investments with strong performance metrics and lower fees.
Full articleSummary: Costco is expanding its footprint with over 600 warehouses in the U.S. and 270 others worldwide, with plans for a new location in Rhode Island. Despite not having a presence in three states, Costco reported an increase in total membership during the second quarter earnings call.
Full articleSummary: Intel's Lunar Lake CPU architecture with Battlemage graphics chip shows promising benchmark results in early testing. The GPU achieved high performance with low power usage, potentially positioning Lunar Lake CPUs as a strong competitor to AMD's APUs in handheld gaming PCs.
Full articleSummary: Starbucks (NASDAQ: SBUX) has spent just under $2 billion on its own stock in the past year, reducing outstanding share count and potentially lifting share price. Management plans to continue buybacks after dividend payments and core investments. Future spending will depend on cash flow and growth rate, with recent profitability trends supporting potential buybacks.
Full articleSummary: Google has laid off an unspecified number of employees, including a software engineer who shared his experience on LinkedIn. The layoffs have added to fears of further job cuts in the tech and media industry.
Full articleSummary: Pfizer is presenting new data at ASCO 2024 related to its progress in developing oncology care and cancer drugs, with over 50 abstracts and 11 oral presentations showcasing its portfolio.
Full articleSummary: Turkish Airlines is negotiating with both Airbus and Boeing to buy 235 aircraft as part of its expansion plans, following a balanced policy between the two manufacturers.
Full articleSummary: Colgate-Palmolive Company will provide a live video webcast of its 2024 Annual Meeting of Stockholders, accessible online, hosted by their Chairman, President, and CEO. The company offers oral care, personal care, home care, and pet nutrition products in over 200 countries under various brands. They are recognized for their sustainability efforts and community wellbeing initiatives.
Full articleSummary: Best Buy is offering discounts of up to $200 on Google's Pixel phone lineup, including the Pixel 7A, Pixel 8, and Pixel 8 Pro models. The sale ends on May 4. Amazon is also an option for purchasing the phones at discounted prices.
Full articleSummary: JPMorgan analyst highlights increasing focus on AI and accelerated computing in cloud spending, major tech players like Microsoft, Alphabet, and Meta directing investments towards AI infrastructure, benefiting chip manufacturers Broadcom and Marvell.
Full articleSummary: Analyst Harlan Sur highlights increased focus on AI and accelerated computing trends in cloud and hyperscale datacenter infrastructure spending. Major tech companies like Microsoft, Alphabet, and Meta are directing investments towards GPUs, custom AI compute processors, and networking infrastructure, benefiting chip manufacturers Broadcom and Marvell.
Full articleSummary: Analysts weighed in on Charter Communications (CHTR) and Stagwell (STGW) in the Communication Services sector today. Kannan Venkateshwar from Barclays maintained a Sell rating on CHTR with a price target of $250.00, while Steven Cahall from Wells Fargo maintained a Hold rating on STGW with a price target of $5.50.
Full articleSummary: IBM plans to invest US$730 million to upgrade and expand its assembly, testing, and packaging facility in Canada over the next five years. The investment will focus on introducing chiplet on interposer assembly, aimed at accelerating AI workloads.
Full articleSummary: DFC and Starbucks Canada have partnered to support sustainability in the dairy sector by committing $500,000 to reward Canadian dairy farmers for their environmental efforts and innovation. The partnership includes supporting FCC's Dairy Sustainability Incentive Program, as well as providing funding in two new categories, Top Achieving and Most Improved.
Full articleSummary: Google is facing allegations of terminating its entire Python team as part of cost-cutting measures and offshoring to a new team in Munich, Germany. This move has sparked concerns about the treatment of employees and the future of Python development within the tech giant.
Full articleSummary: Charter Communications Inc (CHTR) reported worse-than-expected first-quarter results with revenue growth of 0.2% year-on-year and EPS of $7.55 missing consensus estimates. The company lost residential Internet and video customers, causing the stock price to drop by 1.7%.
Full articleSummary: Intel's Arrow Lake-S 'Core Ultra 200' Desktop CPUs are reported to come in two configurations, one with 8 P-Cores and 16 E-Cores, and the other with 6 P-Cores and 8 E-Cores. They will incorporate up to 3 MB L2 cache per P-Core and are expected to launch in the second half of 2024.
Full articleSummary: Members of Congress, including former House Speaker Nancy Pelosi, have been actively buying four artificial intelligence (AI) stocks: Alphabet, Apple, Amazon, and Tesla.
Full articleSummary: The Federal Reserve is not expected to cut interest rates due to stubborn inflation and strong economic indicators, with the FOMC showing little reason to ease policy in the near term. Despite softer GDP growth in the first quarter, stocks ended the week with gains boosted by strong earnings reports from top technology companies. Economic reports scheduled for the week include S&P Corelogic home price index, April consumer confidence, ADP's monthly survey of employers for April, and the Labor Department's job openings report for March.
Full articleSummary: Turkish Airlines is in talks with Airbus and Boeing for acquiring 235 aircraft as part of its expansion plans, following a balanced policy between the two companies. Rolls-Royce is also exploring opportunities in Türkiye.
Full articleSummary: Google has laid off several employees, including the Python team, in an effort to reduce costs and hire less expensive labor outside the US. The company plans to establish a new team in Munich, Germany. This comes after previous layoffs in real estate and finance departments.
Full articleSummary: The stock market saw significant gains last week, with key indices like the S&P 500 and Nasdaq recording their best weekly performances since November, driven by strong earnings from major tech companies. Several more important earnings reports will be in focus this week, including Apple and Amazon.
Full articleSummary: Stock market experienced significant gains last week due to strong earnings from tech companies. Nasdaq and S&P 500 had their best weekly performances since November. This week's focus will be on economic events like Fed's policy meeting. Several major tech companies including Apple and Amazon are set to release their earnings reports.
Full articleSummary: Costco Wholesale is set to open a new store in Malaga, Spain, in 2026, with a unique sales philosophy requiring customers to pay an annual fee to shop, similar to a club membership. The retail giant offers a wide range of products in extra-large formats or family packs at competitive prices, with its own private label brand, Kirkland Signature.
Full articleSummary: Philips (PHG) surged in pre-market trading after announcing a smaller-than-expected settlement of $1.1 billion to resolve U.S. personal injury claims related to the recall of its breathing devices. The settlement will be funded by the company's cash flows and a provision of €982 million was made in Q1. Philips' Q1 results showed sales of €4.1 billion, with comparable sales growth of 2.4%.
Full articleSummary: Microsoft's partnership with OpenAI and development of Copilot reflects Bill Gates' vision of AI agents revolutionizing the software industry, with Gates playing a pivotal role in Microsoft's AI revolution from behind the scenes.
Full articleSummary: Starbucks has spent nearly $2 billion on stock buybacks in the past year to return cash to shareholders. Management aims to continue these buybacks after dividends and growth investments, as it has helped reduce outstanding share count and boost earnings per share.
Full article