Summary: Some Apple users are being unexpectedly locked out of their Apple IDs, having trouble resetting passwords due to a reported issue, while Apple has not commented on it.
Full articleSummary: Meta CEO Mark Zuckerberg's official salary remains $1, but his total 2023 compensation was $24.4 million, mainly comprising of 'other compensation' including security costs. In addition, Meta covers costs for his personal security and private jet expenses.
Full articleSummary: Philip Morris International (NYSE: PM) is launching a proven product in a proven market, setting the stage for growth. Despite the declining tobacco industry, PM is considered a compelling investment prospect.
Full articleSummary: Stocks like Nvidia might face risk due to high expectations in AI, while healthcare stocks such as Eli Lilly, Novo Nordisk, and UnitedHealth Group offer growth potential.
Full articleSummary: Morgan Stanley CEO James Gorman's overall pay rose 20% to $27 million last year as the firm's net revenues increased by 10% and pre-tax profit margin rose by 18%. Gorman's total compensation includes a base salary, cash bonuses, deferred cash and equity awards, and a long-term incentive plan based on performance.
Full articleSummary: Charles Schwab announced the launch of a new Schwab Advisor Center app for the iPad, allowing advisors to access key client data including balances, positions, and transactions. The app is customized for the tablet format with features like large charts and scrolling quotes.
Full articleSummary: Canadian Prime Minister Justin Trudeau announced a new federal investment to increase semiconductor production and expand the supply chain, with IBM Canada and the MiQro Innovation Collaborative Centre receiving 59.9 million Canadian dollars to support projects totaling 226.5 million Canadian dollars.
Full articleSummary: Oracle Energy Corp shares closed at $0.05, dipping -9.09% from the previous day's close of $0.06. TSX Composite closed 0.38%, S&P 500 closed -0.46%, Dow Jones closed -0.98%, Nasdaq closed -0.64%. OEC-H.VN traded under TSX-V. Market cap is $1.29 million with a float of 23,464 shares outstanding. Annual EPS is $-0.01. Oracle Energy Corp headquartered in Vancouver, with a 'Strong Sell' recommendation from Zacks.
Full articleSummary: Ford Motor Company reported a $1.3 billion loss in its electric vehicle unit, with a $132,000 loss per electric vehicle sold in Q1. Due to low demand, the company had to slash prices of electric vehicles and expects a $5 billion loss in the electric vehicle division this year. Consumer demand for electric vehicles continues to plummet.
Full articleSummary: Republic Bank, headquartered in Philadelphia, is closed by the FDIC with its assets transferred to Fulton Bank. Republic Bank's 32 branches will reopen under Fulton Bank's name, ensuring continuity for customers.
Full articleSummary: Google asked a judge to dismiss Justice Department's lawsuit accusing it of monopolizing technology for online advertising, claiming fabricated market and lack of evidence of controlling minimum 70%.
Full articleSummary: Oracle Energy Corp traded on Toronto Venture Exchange with no significant price change, market cap of $1.29 million. The company's shares have decreased by -8.33% in the last 52 weeks and -8.33% year-to-date.
Full articleSummary: Fulton Bank to take over deposits and assets of failed Republic First Bank following its closure by the Pennsylvania Department of Banking and Securities. Republic Bank had approximately $6 billion in total assets and $4 billion in deposits. Republic Bank's 32 branches are set to reopen as Fulton Bank branches.
Full articleSummary: Google is asking a judge to dismiss the Justice Department's lawsuit accusing it of monopolizing online advertising technology, arguing that the agency fabricated a market for the litigation and failed to show Google controls at least 70% of it.
Full articleSummary: Sector Gamma AS reduced its holdings in Gilead Sciences by 38.6% in the fourth quarter, with Gilead Sciences accounting for approximately 7.5% of Sector Gamma AS's investment portfolio. Various other large investors have also bought and sold shares of Gilead Sciences. Wall Street analysts have issued mixed ratings for the company. Gilead Sciences last reported quarterly earnings, surpassing analysts' expectations. The company also announced a quarterly dividend.
Full articleSummary: RWC Asset Management LLP reduced its stake in Philip Morris International Inc. by 5.6% in the 4th quarter, while other institutional investors also adjusted their positions. Insider selling activities were reported, with a total of 35,250 shares sold by company insiders. Analyst opinions on PM vary from 'sell' to 'buy', with an average target price of $105.50.
Full articleSummary: Unique Wealth Strategies LLC acquired a new position in The Bank of New York Mellon Co. during the 4th quarter, with other large investors also making moves. Analysts have issued mixed ratings on the company recently. The Bank of New York Mellon announced its quarterly dividend. Insider buying and selling activities were reported at the company.
Full articleSummary: Opes Wealth Management LLC increased its stake in Alphabet Inc. by 17.6% in the 4th quarter, with holdings worth $1,130,000. Several other institutional investors also made changes to their positions. Analysts have set new price targets for GOOGL, with a consensus rating of 'Moderate Buy'. Alphabet stock has risen by 10.2%.
Full articleSummary: Preferred Bank ( ) just released its latest first-quarter results, beating expectations with revenues of US$72m and EPS of US$2.44. Analysts have increased their revenue and EPS forecasts for 2024, leading to a 6.4% increase in the price target for the stock. Despite an expected revenue growth slowdown, analysts are optimistic about Preferred Bank's earnings potential.
Full articleSummary: Alphabet CEO Sundar Pichai reflects on his 20-year journey at Google and his rise within the company, from joining as a product manager in 2004 to becoming the CEO of Alphabet. His successful career and contributions to key projects at Google are highlighted.
Full articleSummary: Billionaire investor Bill Gross advised investors to be cautious of tech stocks despite Microsoft and Alphabet’s strong quarterly performances. He recommended sticking to value stocks and avoiding tech, except for Microsoft.
Full articleSummary: BlackRock, Inc. (NYSE:BLK) is about to go ex-dividend in the next 4 days, with an upcoming dividend of US$5.00 per share. The company has a trailing yield of 2.9% on the current share price, and has shown sustainable dividend payments. BlackRock has delivered 13% dividend growth per year on average over the past 10 years.
Full articleSummary: A higher-for-longer interest rate environment is driving value investment strategies in Asia, particularly in cheap Chinese stocks and sectors like Japan financials, Korean value, and Indian equities. Multi-asset managers are turning more selective under the current environment, with optimism surrounding China and Hong Kong stocks, Japan financials, Korean chip sector, and Indian equities.
Full articleSummary: Apple is rumored to be in talks with OpenAI for a major AI upgrade for the iPhone to be announced at WWDC. iOS 18 is expected to focus heavily on artificial intelligence, with potential inclusion of tools like ChatGPT and Dall-E.
Full articleSummary: Investors are finding opportunities in utilities sector due to the high energy demand from data centers and AI technology, fueling interest in stocks related to power generation and smart-grid infrastructure. Goldman Sachs has set up investment baskets focusing on this trend, with significant gains observed in Power Up America and Data Center Equipment groups. Utility companies like Southern Co. and NextEra Energy Inc. are expected to benefit from the surge in demand for electricity.
Full articleSummary: Gray Wealth Management Inc. lowered its stake in Alphabet Inc. by 2.7% in the fourth quarter. Other institutional investors and hedge funds also modified their holdings. Alphabet stock went up by 10.2%. Frances Arnold and Sundar Pichai sold shares of Alphabet stock. Several research firms have increased their price targets and ratings on GOOGL stock.
Full articleSummary: Guardian Investment Management reduced its stake in NVIDIA by 0.4% in the 4th quarter, holding 11,141 shares worth $5,517,000. Other large investors also adjusted their holdings in NVDA. Various analysts upgraded their price targets, with a consensus of 'Moderate Buy' and a target price of $940.30. NVIDIA announced a quarterly dividend and insiders, including Director Mark A. Stevens, made significant stock transactions.
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