Summary: Wells Fargo partners with La Noticia to launch initiative aimed at improving Latino community's financial well-being through 'Mi dinero y yo' project.
Full articleSummary: Microsoft's latest earnings report showed a mixed performance for its Xbox department, with strong growth in content and services revenue but a decline in hardware revenue due to the impact of the Activision acquisition. Despite concerns about Xbox's place in the console market, Microsoft's decision to go cross-platform with some exclusives seems to be paying off.
Full articleSummary: Worldcoin (WLD) team announced potential partnerships with OpenAI and ongoing conversations with PayPal, Also collaborations with major companies reported by Bloomberg. The company has received funding from notable investors, and aims to authenticate individuals using biometric data. However, issues with Orbs used for scanning have caused bans in several European countries.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon is hopeful for a soft landing for the U.S. economy, while acknowledging the possibility of stagflation. Dimon also emphasized the importance of the Federal Reserve's independence and expressed support for a bipartisan national security bill.
Full articleSummary: Boeing's defense arm has reached a deal to buy a key supplier, saving a north St. Louis County factory crucial to the production of its fighter jets. The deal involves taking over the St. Louis GKN site and hiring the factory's 550 workers, ensuring continued production of F-15 and F/A-18 fighters.
Full articleSummary: Capital One Financial beats Shore Community Bank on 8 of the 8 factors compared between the two stocks. Capital One Financial has higher revenue and earnings, a higher consensus target price, stronger institutional ownership, and better profitability metrics than Shore Community Bank.
Full articleSummary: Intel CEO, Pat Gelsinger, is facing challenges in reviving the US chipmaker, with 5G market slowdown impacting the company's network and edge division negatively. The slowdown in 5G spending has led to declines in sales for Ericsson and Nokia as telcos pause network rollouts or deplete existing stock. Additionally, Intel is facing criticism from Nokia for marketing 'general purpose' products that are highly customized for 5G RAN technology.
Full articleSummary: Microsoft, Google, and Snap reported strong quarterly results, while IBM and Intel had mixed results. Microsoft's revenue exceeded expectations with a notable increase in income and success in cloud computing, gaming, and business software. Google showed growth in AI, cloud computing, and announced a stock buyback plan. Snap's advertising changes drove revenue up. IBM's revenue fell slightly below expectations, with challenges in consulting but growth in software. Intel's revenue was slightly below estimates, with underperformance in datacentre and AI revenues.
Full articleSummary: Costco is offering a 20% discount on Instacart gift cards at Costco.com with a limit of 2 per membership, but the limit seems to reset on a weekly basis for some customers. This deal is seen as beneficial for personal use or reselling.
Full articleSummary: JP Morgan Chase & Co. inaugurated a new Community Center branch in the Bronx to expand access to banking and financial tools for customers. The branch features a modern design and local financial health experts.
Full articleSummary: JP Morgan Chase & Co. inaugurated a new Community Center branch in the Bronx to expand access to banking and financial health services with a $5 million investment. The branch features a modern design reflecting current customer engagement trends.
Full articleSummary: US stock market experienced a sharp drop after weeks of volatility, but some relief came from strong earnings reports by Big Tech companies. Alphabet announced impressive Q1 2024 results with a revenue jump of 28% year-over-year and a significant increase in capital expenditure. Nvidia's stock rose nearly 5% on Friday, with analysts expecting support from Alphabet's strong performance.
Full articleSummary: Alphabet (GOOGL/GOOG) delivered strong first quarter results, with revenue growth accelerating and restructuring efforts driving margin expansion. The company also announced a dividend and additional share repurchases. Morningstar raised the fair value estimate for the stock.
Full articleSummary: Meta Platforms (META) reported positive first quarter earnings but faced a 10.5% stock slide after projecting higher 2024 costs related to AI investments, although analysts see differences from previous spending cycles. Despite skepticism and concerns about future spending, Meta's core ad business remains strong with high-margin digital advertising driving revenue growth.
Full articleSummary: Bank of America Corp's preferred stock, BAC.PRB, will trade ex-dividend on 4/30/24, with a quarterly dividend of $0.375. The current yield is approximately 5.96% compared to an average yield of 6.78% in the 'Financial' preferred stock category. In Friday trading, BAC.PRB is up about 0.2% on the day.
Full articleSummary: JPMorgan CEO Jamie Dimon is hopeful for a soft landing for the US economy but mentions stagflation as a possible scenario, discusses the need for the Federal Reserve to remain independent, and highlights the opening of a new Chase branch in the Bronx.
Full articleSummary: Amazon, Costco, and Walmart offer budget-friendly mattress deals, with Amazon selling under $1,000 mattresses, Costco featuring its highly rated Novaform range, and Walmart carrying brands like Serta and Allswell. Each retailer has its pros and cons regarding returns policy, quality, and available trials.
Full articleSummary: Bank of America warns that the 'anything but bonds' bull market has led to a top-heavy stock market. The firm is monitoring real 10-year yields and credit spreads for signs of a potential market downturn. BofA cautions that higher yields and tight spreads could trigger recession concerns and a stock sell-off.
Full articleSummary: Ford has suffered significant losses from its EV unit in the first four months of 2024, with $1.3 billion lost and a revenue drop of 84% from last year, partly blamed on declining EV prices and high costs of research and development. The company expects to lose $5 billion in total for the year. Meanwhile, Maine environmental activists are pushing for an EV mandate despite challenges faced by automakers like Ford.
Full articleSummary: Oracle has been named a Leader again in the 2024 Gartner Magic Quadrant report for its supply chain planning solutions, recognized for its Ability to Execute and Completeness of Vision.
Full articleSummary: Boeing's highly anticipated and highly delayed Starliner spacecraft is just two weeks away from launch with astronauts expressing confidence in NASA and Boeing for the upcoming flight.
Full articleSummary: Pfizer's shares are only slightly up despite FDA approval of Beqvez, a market-first gene therapy for hemophilia B that will cost $3.5 million per dose due to the small target market. Pfizer is also cutting costs by laying off 300 employees in Boulder, Colorado. Analysts have given PFE a Moderate Buy consensus rating with a target price of $31.57 per share.
Full articleSummary: Marathon Digital announces it is increasing its 2024 hash rate target to 50 EH/s citing recent acquisitions, with plans to double its mining operations, funding target already secured. The firm's recent acquisitions include a 200 MW mining center and two mining sites totaling 390 MW. Its current hash rate stands at 24.7 EH/s and achieving the new target would mark a more than 100% increase since the start of 2024. Marathon's stock (MARA) fell 0.42% on April 25 but rallied 4.5% in after-hours trading post announcement.
Full articleSummary: Alphabet (GOOG, GOOGL) and Microsoft (MSFT) both exceeded Wall Street estimates in their quarterly results, with a focus on generative artificial intelligence as a key point. Analysts highlight the real demand and significant investments behind AI by these companies.
Full articleSummary: Coca-Cola and PepsiCo are compared for their historical performance, current yield, dividend growth, dividend safety, and analyst price targets as dividend investments.
Full articleSummary: Comparison of Coca-Cola (KO) and PepsiCo (PEP) as dividend investments based on historical performance, current yield, dividend growth, dividend safety, and analyst price targets.
Full articleSummary: Zacks Research dropped Q1 2024 earnings estimates for Gilead Sciences, Inc. following their latest earnings report which showed better than expected results. Several analysts have also revised their ratings and price targets for the stock. An insider recently sold shares, while institutional investors have been making changes to their positions in the company.
Full article