Summary: IBM's shares fell nearly 9% during after-hours trading due to lackluster consulting unit performance, despite announcing a $6.4 billion acquisition of HashiCorp Inc. IBM maintains its projected $12 billion in free cash flow for the fiscal year and plans to boost growth through continued investments.
Full articleSummary: Pfizer and Moderna are reportedly increasing vaccine prices in the EU, which may affect poorer nations the most.
Full articleSummary: Booking Holdings (BKNG) has outperformed the market over the past 20 years by 20.1% on an annualized basis, generating an average annual return of 27.96%. The stock currently has a market capitalization of $119.15 billion.
Full articleSummary: Gilead Sciences discusses the impact of Medicare redesign on its HIV franchise, positive outlook despite challenges, exploring integration of MRD endpoint in regulatory strategies, confident in the outcomes of acquiring CymaBay, planning future acquisitions cautiously, and expressing confidence in successful launch of seladelpar despite competition from Ipsen's Elafibranor.
Full articleSummary: Capital One Financial Corporation conducted an earnings call discussing the strength of the U.S. consumer, credit performance, and the Discover acquisition. Credit outlook was addressed with a near-term forecast of charge-offs settling 15% higher than pre-pandemic but with no annual guidance provided.
Full articleSummary: Bank of America's U.S. Regime Indicator shows favorable environment for dividend stocks. Investors are advised to look for companies with above-market yields that are secure. Utility and energy names such as AES, Sempra, APA, HF Sinclair, and financial name Citigroup are highlighted by Bank of America.
Full articleSummary: Alphabet (GOOG, GOOGL) reported strong Q1 earnings, declared its first-ever dividend, and saw its stock price surge by 10.1% leading to a market cap over $2 trillion.
Full articleSummary: American Airlines announced that due to Boeing's 787 Dreamliner delivery delays, it will cut some long-haul flights in the second half of 2023 and early 2025, leading to adjustments in its schedule. The airline will receive three Dreamliners this year instead of six, and parts shortages at Boeing will impact the production of wide-body planes.
Full articleSummary: Aetna Better Health of Oklahoma, a CVS Health company, has provided community investments totaling $42,500 to Oklahoma Cleats for Kids and the YMCA of Greater Oklahoma City to support health and wellness initiatives for communities in central Oklahoma during Every Kid Healthy Week, April 22-26.
Full articleSummary: Intel's financial results for Q1 2024 show mixed performance with revenue increasing to $12.7 billion (9% YoY), key product units earning $11.9 billion (17% YoY), and manufacturing unit facing a $2.5 billion loss due to continued investments. Client Computing Group had a good quarter with revenue up 31%, Datacenter and AI Group also performed well with $3 billion revenue, while NEX products unit saw a decline in revenue to 1.4 billion.
Full articleSummary: RockAuto, an auto parts dealer, is upset that a fake app pretending to be its official app has not been removed from Apple's App Store despite several complaints. The fake app has misspellings and amateur graphics, potentially fooling customers while also raising concerns about the trustworthiness of the App Store. Apple has not responded to RockAuto's requests to remove the fake app.
Full articleSummary: Roffman Miller Associates Inc. PA reduced its position in Medtronic plc by 9.4% in the 4th quarter. Insiders at Medtronic sold shares recently. Analysts have set new price targets for the stock.
Full articleSummary: Amazon offers Apple Watch Series 9 45mm at $100 off for $329, matching all-time low. Smaller 41mm Series 9 styles also on sale at $299, the lowest in nearly a month. Series 9 features enhancements including new S9 chip, 3,000-nit screen, pinch detection for one-handed interactions, and it is Apple's first carbon neutral release.
Full articleSummary: Staff at CVS Health's unit Omnicare in Las Vegas voted to join the Pharmacy Guild, becoming the first location at the national pharmacy chain to join the union. About 87% of workers at CVS Omnicare voted in favor of unionization.
Full articleSummary: Comcast Corporation receives shareholder proposal from John Silva and Shana Weiss to analyze political expenditures compared to Company values. Company recommends voting against proposal.
Full articleSummary: S&T Bancorp Inc. (NASDAQ: STBA) has been included in the Forbes list of America's Best Banks based on metrics measuring growth, credit quality, profitability, and stock performance, ranking number 39 among the top 100 banks and thrifts. CEO Chris McComish expressed pride in the company's financial strength and performance.
Full articleSummary: Oracle Financial Services share price has immediate support at 7,174.12 and immediate resistance at 7,743.97. If it closes below 7,174.12, a sharp breakdown can be seen, with major support at 6,857.63. Closing above 7,743.97 will lead to a sharp breakout, with major resistance at 7,997.33. The trading range for this week is expected to be between 6,604.27 and 8,313.82.
Full articleSummary: NHTSA finds critical safety gaps in Tesla's Autopilot system contributing to numerous collisions and fatalities, with an ongoing investigation on the effectiveness of a previous software update; Senators call for stricter restrictions on Autopilot use; Elon Musk emphasizes Tesla's future on autonomous driving amid safety concerns.
Full articleSummary: AirAsia, under the leadership of CEO Tony Fernandes, is on track to become the largest low-cost airline group in Asia through Capital A's acquisition of AirAsia X. The acquisition, valued at $1.4 billion, will integrate six airlines to operate under a unified AirAsia Group, focusing on narrow-body aircraft operations. The new entity aims to simplify operations, expand into new destinations, and reduce trip costs by 30%.
Full articleSummary: Meta is investing billions in its AR/VR division Reality Labs despite significant monthly losses. The company launched new Ray-Ban Meta glasses with video calling and AI features. Reality Labs reported $440m in revenue but an overall loss of $3.85bn in the last financial quarter.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon expresses concerns about the possibility of stagflation in the U.S. economy, stating that inflation may continue to be elevated while growth slows. He also emphasizes the importance of the Federal Reserve remaining independent. Dimon remains hopeful for a soft landing for the economy despite uncertainties.
Full articleSummary: ExxonMobil stock fell despite meeting earnings target and exceeding sales expectations in Q1. However, weakened by refining margins and low natural gas prices, GAAP profits and earnings per share dropped significantly year over year. Free cash flow for the quarter was strong, but concerns about reported profits not fully backed up by free cash flow persist.
Full articleSummary: Apple has removed AI image generation apps from the App Store that advertised the ability to create nonconsensual nude images after a report from 404 Media.
Full articleSummary: The National Highway Traffic Safety Administration (NHTSA) concluded an investigation into Tesla's Autopilot system, attributing accidents to driver misuse and lack of driver attentiveness. The organization criticized Tesla for insufficiently ensuring driver engagement and warned about the misleading branding of Autopilot.
Full articleSummary: Markel Group Inc. increased its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 1.8% during the 4th quarter, adding 11,500 shares to their portfolio. Several other institutional investors also raised their stakes in Lowe's Companies. Lowe's recently reported $1.77 earnings per share for the quarter, surpassing the consensus estimate of $1.68. The company also declared a quarterly dividend of $1.10.
Full articleSummary: Boeing has agreed to buy a St. Louis-area facility from GKN Aerospace that supplies critical parts for the Boeing F-15 and F/A-18 fighter jets. The acquisition would end contentious litigation between the two parties and Boeing plans to hire 550 GKN employees.
Full articleSummary: Capital One Financial raised Q2 2024 EPS estimates for shares of TechnipFMC, several equity research analysts gave positive ratings and price targets for TechnipFMC stock, the company reported a dividend payout ratio of 166.68% and declared a quarterly dividend of $0.05 per share.
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