Summary: Oracle is boosting its generative AI capabilities as the AI boom drives an increase in demand for cloud computing services. Oracle has been introducing generative AI features across applications, including in finance, supply chain, human resources, etc. Analysts believe Oracle is well positioned to benefit from the AI revolution.
Full articleSummary: Philip Morris International (NYSE: PM) received a bullish recommendation from Goldman Sachs analyst Bonnie Herzog, who reiterated a buy rating and a $118 per-share price target, suggesting a 24% upside potential. The company performed well in its first quarter of 2024, with growth in revenue and profitability driven by its smoke-free products like IQOS.
Full articleSummary: The article discusses the stories of the Wii U and the Google Nexus Q as cautionary tales for tech products like the Apple Vision Pro. Despite initial sales estimate disappointments, the Vision Pro could potentially pave the way for future successes in spatial computing.
Full articleSummary: Wedbush lowered their Q2 2024 earnings estimates for Starbucks, while other analysts have also adjusted their target prices and ratings for the stock. Starbucks also disclosed a quarterly dividend to be paid at the end of May.
Full articleSummary: Meta Platforms Inc. and Alphabet Inc. are making significant changes to their strategies to challenge Apple Inc.'s flagship products; Meta is opening up its virtual reality operating system to all headset manufacturers while Google is restructuring its management by appointing Pixel hardware chief to oversee the Android operating system.
Full articleSummary: Türkiye is in talks with ExxonMobil for a multibillion-dollar LNG deal to reduce its dependence on Russian energy. Exxon plans to increase its LNG portfolio, with a terminal in the US Gulf coast scheduled to start producing in 2025.
Full articleSummary: The road freight transport market is expected to grow from $98.94 billion in 2023 to $105.96 billion in 2024 at a CAGR of 7.1%. It is projected to reach $136.38 billion in 2028 at a CAGR of 6.5%. Technological advancements, such as the launch of Vaux by ArcBest Corporation, are driving efficiency and visibility in supply chains. Major companies in the industry include FedEx Corp., DHL Supply Chain, XPO Logistics Inc., and others.
Full articleSummary: U.S. stocks had the best week since November, with gains driven by Alphabet and Microsoft. Alphabet surged 10.2% after surpassing profit expectations and announcing a dividend. Microsoft climbed 1.8% on strong profit and revenue. The S&P 500 rose 1% for its first winning week in four.
Full articleSummary: U.S. stocks had their best week since November, thanks to gains from Alphabet and Microsoft. Alphabet surged 10.2% after strong profit and plans for a dividend and stock buyback, while Microsoft rose 1.8% on solid financial results. S&P 500 climbed 1% for its first winning week in four.
Full articleSummary: Several signature artificial intelligence start-ups have faced financial pressure and challenges in generating profits, signaling the end of the initial phase of the A.I. boom.
Full articleSummary: BSE shares took a severe beating as Sebi ordered them to pay regulatory fees based on notional value for options contracts instead of premium turnover. The shift in calculation method will lead to BSE paying a higher regulatory fee, impacting their earnings and necessitating a price hike.
Full articleSummary: El Salvador's first tokenized bond issued to build a Hilton hotel at the international airport is set to be completed by July 2025, facilitated by Bitfinex Securities. Ethereum whale wallet linked to Ethereum Foundation wakes up after 8 years, transferring 2,000 ETH worth $6.6 million. BlackRock's spot Bitcoin ETF records '0' flow for the third consecutive trading day.
Full articleSummary: Oracle is enhancing its generative AI capabilities in response to the growing demand for AI services, with recent announcements of additional features integrated across applications in various sectors.
Full articleSummary: Apple is in discussions with OpenAI about integrating AI features into the iPhone, also considering licensing Google's AI chatbot. CEO Tim Cook announced the company's strategy for using generative AI at a shareholder meeting and emphasized the potential for transformative advancements for Apple users.
Full articleSummary: Nvidia Corp. stock has been performing well due to its exposure to the artificial intelligence sector, however, an investment advisor pointed out that Chipotle Mexican Grill Inc. has a higher forward price-earnings multiple, indicating potential expensiveness.
Full articleSummary: Colgate-Palmolive raises annual sales growth forecast due to resilient demand and benefits from price hikes, leading to improved margins.
Full articleSummary: Alphabet delivered strong Q1 performance with revenue surpassing expectations, especially driven by online advertising demand, leading to a spike in share price. In contrast, Meta reported strong earnings but faced a negative market reaction due to increased AI spending projections, causing a share price drop.
Full articleSummary: Alphabet (GOOGL) delivered a robust performance in Q1 with a 15% revenue increase, strong Google Cloud growth, and positive market reaction. On the other hand, Meta (META) faced a 15% share price decline post-earnings due to increased AI investment projections despite revenue growth.
Full articleSummary: Medtronic plc announced a robust double-digit earnings growth of 49% in June 2019, with optimistic analyst expectations of 21% growth in the coming year, reaching 37% in the following year and US$7.1b by 2022. The forecasted average annual earnings growth rate is 14%.
Full articleSummary: Deutsche Bank is set to launch three innovation labs this year with big development firms like Microsoft, HCL, and IBM to accelerate financial technology creation for in-house use. The bank aims to invest up to 1 billion euros in digital development over the next five years.
Full articleSummary: Analysts have raised their target prices for ICICI Bank after the release of its Q4 and full fiscal year FY24 financial results, showing strong performance with a 17% YoY increase in net earnings, healthy growth in NII, controlled expenses, and managed credit costs. Various brokerages including JM Financial, Systematix Institutional Equities, Antique Stock Broking, Motilal Oswal, CLSA, JP Morgan, and Nomura have positive outlooks on the stock, maintaining 'buy' ratings and increasing target prices, anticipating continued growth in RoA and RoE.
Full articleSummary: Intel reported dismal first-quarter earnings, pushing shares down 9% to their lowest level of the year. Although revenue is no longer shrinking and the company is still the biggest maker of processors, sales in the first quarter trailed estimates.
Full articleSummary: Coca-Cola has entered into a five-year agreement with Microsoft to integrate generative AI throughout its primary systems, committing $1.1 billion for this partnership. The brand uses AI and advanced technologies to enhance customer interactions, marketing efforts, and supply chain processes.
Full articleSummary: Analysts are bullish on the tobacco sector due to high margins, robust cash flow, and high dividends typically paid by tobacco companies. Philip Morris International (NYSE: PM) recieved a buy recommendation and $118 per-share price target, suggesting a 24% upside. The company posted revenue and profitability growth, particularly with IQOS product, prompting management to raise guidance for top and bottom lines.
Full articleSummary: Meta and Ray-Ban have launched a new limited edition smart glasses design in collaboration with Scuderia Ferrari, featuring video calling and Meta AI with Vision, available in exclusive colorways to coincide with the Miami 2024 race.
Full articleSummary: Pfizer Inc will stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to WuXi Biologics Inc, a move that will allow WuXi Biologics to address surging manufacturing demand for drug substances and drug products.
Full articleSummary: Pfizer Limited (NSE:PFIZER) has debt of ₹25.0m but also ₹18.9b in cash, leading to a net cash position of ₹18.9b, indicating a conservative balance sheet. With a surplus of ₹13.1b in liquid assets over total liabilities, the company seems to be able to manage its debt safely. Pfizer increased its EBIT by 9.8% in the last year, making the debt load look more manageable. The company's free cash flow position is healthy, standing at 54% of its EBIT over the most recent three years, indicating a good capacity to pay down debt.
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