Summary: Apple has started sending out surveys to Vision Pro headset customers to gather feedback on satisfaction, usage patterns, favorite features, and more. Reports suggest waning interest and decreased usage of the headset, leading to a reduction in the number of units planned for shipment. Analyst Ming-Chi Kuo points to the need for improvements in applications, price, and comfort to drive future success.
Full articleSummary: Students at Portland State University in Oregon protested to cut ties with Boeing due to its weapons supply to the U.S. military and Israel, resulting in the school pausing its relationship with Boeing and planning a forum to address concerns.
Full articleSummary: Earnings season starts erratically with big tech companies like Netflix and Tesla reporting mixed results, causing Wall Street to exhibit volatile reactions. Amid this, energy stocks are surging due to rising oil prices and geopolitical tensions, leading investors to seek shelter in the energy sector. Chevron (CVX) beats estimates but faces challenges with acquisitions, while Exxon Mobil (XOM) reports weaker-than-expected earnings with declines in certain business segments but shows promising developments in oil production and upcoming deals.
Full articleSummary: Nvidia owns a 3.4% stake in Recursion Pharmaceuticals, a biotech company using AI for drug discovery. Recursion aims to improve the drug discovery process by reducing costs and moving faster. The company already has partnerships with Roche and Bayer.
Full articleSummary: Apple is holding a virtual event on May 7 to introduce new iPad Pro and iPad Air models, along with updated accessories and potential surprises. Tim Cook hinted at a new Apple Pencil with new features. The company is also planning to release a Calculator app for iPad later this year.
Full articleSummary: Microsoft exceeded revenue expectations with earnings per share of $2.94 and revenue of $61.86 billion. The company's Intelligent Cloud business had a 21% revenue surge to $26.71 billion. Microsoft's market capitalisation surpassed $3 trillion this year, driven by successes in AI, and the acquisition of Activision Blizzard.
Full articleSummary: Tech giant Cisco Systems signed a Vatican-sponsored pledge to ensure ethical development and use of artificial intelligence, joining Microsoft and IBM.
Full articleSummary: Analysts at Bank of America increased Virtu Financial's target price from $22.00 to $25.00, suggesting a potential upside of 13.53%. Several other analysts also provided positive ratings and target price increases for the stock.
Full articleSummary: JPMorgan Chase & Co. promoted two key leaders in India to managing director positions, part of recent reorganization of Asia staff.
Full articleSummary: Intel is struggling to stay relevant in the U.S. chip industry due to Apple's decision not to use Intel's chips in its iPhone, leading to Arm chips domination and TSMC surpassing Intel.
Full articleSummary: PayPal announces revisions to its Seller Protection Program, withdrawing protection for NFT transactions exceeding $10,000 starting May 20. The move reflects a shift in PayPal's approach to buyer protection in the NFT market, raising concerns and prompting sellers to enhance validation measures.
Full articleSummary: Gilead Sciences reported quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.51. The company also posted revenues of $6.26 billion for the quarter, surpassing estimates. Despite underperforming the market so far, Gilead's earnings outlook is mixed with a Zacks Rank #3 (Hold) for the stock.
Full articleSummary: The article discusses the history and success of Coca-Cola as a company, mentioning its revenue, global reach, iconic status, and the performance of their stock over the years.
Full articleSummary: Rumors of Disney+ launching a reboot of The Golden Girls featuring specific actresses spread on Facebook, but it is confirmed to be fake news as the platform does not have any plans for a new series. The Golden Girls is not returning to television or streaming platforms, and the poster circulating online is fake.
Full articleSummary: Naples Money Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter. Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. stock is up 0.1%. The firm also announced an increase in dividend. Insider buying and selling occurred at JPMorgan Chase & Co. Wall Street analysts have given mixed ratings on the stock.
Full articleSummary: Roth Financial Partners LLC increased its position in JPMorgan Chase & Co. during the 4th quarter by 31.3% and now holds 1,868 shares worth $318,000. Insiders, including CEO James Dimon and CEO Jennifer Piepszak, have recently sold shares of the company. JPMorgan Chase & Co. has announced an increase in its dividend. Analyst ratings on the company have been positive overall.
Full articleSummary: Costco customers are complaining about the quality of the store's chicken thighs and breasts, citing issues such as slimy texture and packaging problems.
Full articleSummary: NASA's first crewed Starliner mission is scheduled for May 6 with astronauts Wilmore and Williams. The mission aims to spend a week at the ISS before returning to Earth.
Full articleSummary: The news briefs cover various health-related topics, including tests showing pasteurized milk safe from bird flu, Centene's concerns over Medicare market affecting Q1 profit, US FDA's approval of Pfizer's gene therapy for rare bleeding disorder, WHO stating low current risk of bird flu, Biden administration delaying plan to ban menthol cigarettes, HCA Healthcare's unchanged annual forecast affecting better-than-expected quarterly results, ex-McKinsey partner suing firm for opioid allegations, AbbVie expecting volume erosion of Humira to worsen, and Bayer CEO winning first AGM shareholder vote with confidence.
Full articleSummary: Warren Buffett continues to own Apple shares for several reasons including the belief in its long-term market-beating returns, forever stock potential, beneficial capital allocation policies, and the dilemma of finding attractive investment alternatives with Berkshire's large cash pile.
Full articleSummary: Wells Fargo upgraded outlook for Visteon from Underweight to Equal-Weight with a 29.24% upside in analyst price forecast. The annual revenue is projected to increase by 15.43% alongside a non-GAAP EPS of 10.30. Institutional ownership of Visteon saw a 3.61% increase in the last quarter with an average portfolio weight of 0.22%.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon states that college major doesn't matter for hiring, focusing on smart and ethical candidates instead. The company values diversity of thought and experience, hiring candidates from various educational backgrounds.
Full articleSummary: BlackRock Inc is adding custodians for its U.S. iShares ETFs, diversifying beyond State Street Corp. The decision to add custodians was expected, with Citigroup, JPMorgan Chase & Co, and BNY Mellon to take on various percentages of the funds. BlackRock's iShares are the largest provider of ETFs with $3 trillion in assets.
Full articleSummary: Intel reported improved first quarter 2024 results with revenue up 8.6% from the same period last year, net loss narrowing by 86%, and loss per share improving significantly. The company beat analyst expectations for earnings per share by 38%. However, Intel shares are currently down 6.8% from a week ago.
Full articleSummary: Meta announces plans to increase capital expenditures, including AI training and data centers, leading to a 16% drop in share prices. However, Deutsche Bank believes that Meta's investment in AI will benefit its advertising business in the long run, with AI-driven recommendations improving user engagement and ad efficiency.
Full articleSummary: International Business Machines Co. (IBM) stock price was down 1.1% after Morgan Stanley lowered their price target on the stock from $186.00 to $179.00, with an equal weight rating. Other analyst ratings include outperform and buy ratings. Hedge funds have been buying and selling shares. The company recently reported earnings that beat analysts' estimates.
Full articleSummary: Alphabet, Google's parent company, achieves $2 trillion market cap milestone, becoming the world's fourth most valuable public company behind Nvidia, Apple, and Microsoft.
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