Summary: A Boeing 767 plane of Delta Air Lines made an emergency landing at New York's JFK airport after an exit slide fell off, prompting an investigation by the airline; American Airlines making route adjustments due to Boeing 787 delivery delays; Output of Boeing's 737 MAX falls sharply due to increased production checks by US regulators.
Full articleSummary: Strong gains for Alphabet and Microsoft have boosted the U.S. stock market this week, with the S&P 500 up 0.6% on Friday. Meanwhile, global shares rose despite economic worries and inflation concerns. Bank of Japan kept interest rates steady.
Full articleSummary: Stock market showed strong gains with technology stocks Microsoft and Google-parent Alphabet leading the way. Despite a modest gain in the Dow Jones Industrial Average by 3 p.m. ET, individual stocks such as Amazon, Nvidia, and Alphabet saw significant upward movement.
Full articleSummary: Alphabet reaches $2 trillion market value for the first time since November 2021 after announcing its first-ever dividend and a $70 billion stock buyback.
Full articleSummary: Exxon Mobil Corporation insiders have been selling a significant stake in the company over the past year, with no buys recorded. Insider selling over a specific duration has raised red flags among shareholders, despite high insider ownership.
Full articleSummary: An EVP at Danaher Co. sold over 22,000 shares of Danaher stock. The company also announced an increase in dividend payment. Institutional investors have been active in buying and selling shares of DHR. Several analysts have issued positive ratings and price target increases for Danaher stock.
Full articleSummary: FDA approved Pfizer Inc's gene therapy Beqvez for rare bleeding disorder hemophilia B, offering a one-time treatment alternative to regular intravenous infusions of FIX, based on BENEGENE-2 Phase 3A study results showing significant efficacy in reducing bleeding episodes. Pfizer is launching a warranty program for Beqvez and has set a list price at $3.5 million in the U.S.
Full articleSummary: Charter Communications(NASDAQ: CHTR) reported its first-quarter earnings, missing analyst estimates for revenue and per-share net income. Despite a slight rise in internet and mobile telephony sales, the company faced an over 8% decline in video revenue. Charter did not provide guidance for the current quarter or the full year.
Full articleSummary: Jim Cramer highlighted the key events for investors in the upcoming week, including earnings reports from Apple Inc., Amazon.com Inc., and Eli Lilly and Co. He expressed concerns about the economy, particularly regarding the Federal Reserve meeting and employment figures.
Full articleSummary: Colgate-Palmolive's First Quarter 2024 Earnings Conference Call featured strong results driven by balanced top-line growth, volume and pricing increase, and focus on core innovation. CEO Noel R. Wallace highlighted the importance of volume and pricing balance, growth in all categories, and investment in strategic capabilities like digital and analytics. The company witnessed broad-based growth across regions and categories, including strong growth in Europe, market share gains in Oral Care, and volume improvement in North America and Latin America.
Full articleSummary: GE Additive has been rebranded as Colibrium Additive, a name derived from 'collaborative' and 'equilibrium'. The company will now operate under GE Aerospace division and offer metal 3D printers, metal powders, and 3D printing services.
Full articleSummary: PepsiCo, Inc. reported strong performance in the first quarter of 2024 with growth in net revenue, operating profit margin, and EPS despite challenges. They expect at least 4% organic revenue growth and 8% core constant currency EPS growth in 2024.
Full articleSummary: A Facebook cofounder accuses Tesla of misleading consumers on a massive scale, comparing it to Enron scandal. Tesla CEO Elon Musk responds with insults towards the cofounder. Various legal challenges faced by Tesla regarding its Full-Self Driving technology and vehicle range.
Full articleSummary: The March Personal Consumption Expenditures Price Index showed a stronger-than-expected increase, raising doubts about inflation decline and timing of interest rate cuts. Core PCE inflation rose to 2.8% from one year ago, above expectations. Analysts note that durable goods and financial services were contributors to the core PCE acceleration in the first quarter, with expectations for durables to return to deflation in the coming months.
Full articleSummary: Microsoft delivered strong quarterly earnings, driven by growth in AI and cloud segments with revenue exceeding estimates. The company reported revenue of $61.9 billion, up 17%, and surpassed EPS expectations at $2.94. Microsoft gave solid guidance for the fiscal fourth quarter and expects double-digit revenue growth for fiscal 2025.
Full articleSummary: Microsoft and IBM have released the source code of MS-DOS version 4.00 after 38 years, based on MS-DOS 2.0 from 1981, now supporting multitasking. This version had a 640 KB memory limit, limiting its capabilities and interest from OEMs.
Full articleSummary: An insider at Philip Morris International Inc. sold 20,000 shares of the company's stock, resulting in a total transaction value of $1,928,400.00. The company's stock traded down 1.2%. Wall Street analysts issued various ratings on PM stock, ranging from 'buy' to 'sell'. Institutional investors have made changes to their positions in the company.
Full articleSummary: Colgate-Palmolive (NYSE: CL) reported quarterly earnings that beat analysts' estimates, with increased revenue and updated guidance. The company also raised its dividend. Insider transactions were disclosed. Multiple analyst upgrades were given, with a consensus rating of 'Moderate Buy'.
Full articleSummary: Honeywell International updated its second quarter 2024 earnings guidance, provided EPS and revenue guidance, and traded up 0.2%. Analysts have mixed ratings with a consensus of Hold and a price target of $219.67. Director Darius Adamczyk sold shares of the company's stock.
Full articleSummary: Charter Communications, Inc. has seen revenue growth driven by mobile services, Internet, and advertising sales. Operating expenses have increased slightly, with programming costs being the primary expense. Management focuses on innovation and cost control, despite aggressive competition. Key performance metrics remain stable, aligning with long-term goals. External risks include regulatory issues and cybersecurity threats. CHTR emphasizes diversity and sustainability in its governance practices. Forward guidance emphasizes the importance of capital expenditures and offering a variety of services to customers to enhance competitiveness and achieve financial success.
Full articleSummary: Raymond James reiterated a strong-buy rating on Union Pacific's stock with a price target of $280.00, up from $275.00. Several other analysts have also provided positive ratings, resulting in an average Moderate Buy rating with a consensus price target of $258.78. Union Pacific also reported better-than-expected quarterly earnings results.
Full articleSummary: Intel faces a 7% drop in premarket trading due to a bleak sales forecast for the second quarter attributed to a shift towards AI chips, leading to a 30% decline in stock this year. Strategic $100 billion investment announced by Intel as an effort to bolster manufacturing capabilities and compete in the evolving market. Despite challenges, Intel remains hopeful for a potential PC sales surge in the second half of the year with the upcoming Windows operating system upgrade.
Full articleSummary: Bristol-Myers Squibb shares rose 1.4% during mid-day trading on Friday after the company announced better than expected quarterly earnings and a quarterly dividend of $0.60 per share.
Full articleSummary: Syon Capital LLC increased its holdings in ConocoPhillips by 38.5% in the 4th quarter, with several other hedge funds and institutional investors also modifying their holdings in ConocoPhillips. The company's stock performance shows a positive trend with a recent increase in dividend. Insiders at ConocoPhillips have been actively involved in buying and selling shares. Wall Street analysts have provided mostly positive ratings and target prices for ConocoPhillips' stock.
Full articleSummary: Stevens Capital Management LP reduced its position in Colgate-Palmolive by 41.5% in the fourth quarter, other institutional investors and hedge funds have added to or reduced stakes in the company, and several analysts have provided ratings and target prices for Colgate-Palmolive. The company recently reported strong quarterly earnings, an increase in dividend, and notable insider transactions.
Full articleSummary: Analysts are bullish on Bank of NT Butterfield & Son (NTB) and Capital One Financial (COF) in the Financial sector, with price targets of $40.00 and $165.00, respectively.
Full articleSummary: Boeing reported a net loss of $355 million in the first quarter of the year, which was better than analyst expectations. The company faced setbacks including management shakeups, whistleblower claims, and production delays especially due to the grounding of its 737-9 MAX fleet after a midair door plug blowout in January.
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