Summary: Comcast's chairman and CEO, Brian Roberts, received a compensation package worth $35.47 million in 2023, seeing an 11% pay rise from the prior year. The company's stock price rose by 26% in 2023 but shares are down 12% year to date in 2024. Comcast reported $121.6 billion in revenue for 2023.
Full articleSummary: Intel Corp.'s stock experiences another sharp slide following disappointing earnings, making it one of the S&P 500's biggest losers this year. Analysts hold mixed views on the company's future prospects.
Full articleSummary: Investors with a lot of money have taken a bearish stance on Capital One Financial, as indicated by a split sentiment of 36% bullish and 54% bearish among big-money traders. Uncommon options trades for COF have been spotted, focusing on a price band between $135.0 and $160.0. Notable options trades include 2 puts and 9 calls, with a total volume of 996.00.
Full articleSummary: Analysts provided bullish sentiments on Caterpillar (CAT), Airbus Group SE (EADSF) and FTAI Aviation (FTAI).
Full articleSummary: Comcast disclosed higher 2023 compensation packages for its top executives. CEO Brian Roberts' pay increased to $35.5 million, while president Michael Cavanagh's compensation was $29.6 million. Comcast's stock jumped 26% in 2023.
Full articleSummary: Charter Communications Inc CHTR reported quarterly adjusted earnings of $7.55 per share, beating expectations of $7.92 per share. The results were higher compared to the EPS of $6.65 in the same quarter last year. Wall Street's forecasted range was between $6.90 to $9.50 per share.
Full articleSummary: Capital One is in talks with the Justice Department over their proposed acquisition of Discover, aiming to close the $35.3 billion all-stock deal by late 2022 or early 2023, despite concerns over competition and antitrust issues.
Full articleSummary: IBM, Canada, Quebec Governments Strengthen Semiconductor Industry
Full articleSummary: Canaan and Brandon Capital invest in Pathios Therapeutics Limited's Series B funding round along with Bristol Myers Squibb, advised by Latham & Watkins.
Full articleSummary: NASA and Boeing confirm launch for first crewed Starliner flight scheduled for May 6 from Cape Canaveral Space Force Station. The mission is important for Boeing's delayed Starliner program and critical for NASA's Commercial Crew Program as Starliner is to provide redundancy for ferrying astronauts to the International Space Station alongside SpaceX's Crew Dragon.
Full articleSummary: Exxon Mobil (XOM) and Chevron (CVX) traded lower on Friday due to a year-over-year decline in first quarter revenue from lower refining margins. Expert analysis is being provided to assess the possible impact on gas prices for consumers and investors.
Full articleSummary: Wall Street analysts are bullish on tech giants Alphabet and Microsoft following their first quarter earnings reports, with prominent firms increasing price targets for Alphabet's stocks and raising price targets on Microsoft.
Full articleSummary: Nvidia Corporation plans to open its first AI research and development center for Asia in Taiwan, with a total investment of NT$24.3 billion.
Full articleSummary: Charter lost 72,000 broadband customers in Q1 and added 486,000 mobile lines. The company plans to offer a partial ACP subsidy of $15 through May. Despite short-term challenges, Charter aims for healthy EBITDA growth in 2024.
Full articleSummary: Chevron Corp. reported first-quarter profit and revenue that fell but beat expectations due to a jump in U.S. production, with net income declining and revenue also decreasing. The company revised up production expectations for the Permian in the first half of the year.
Full articleSummary: Gilead Sciences, Inc. reported better-than-expected results in the first quarter, with narrower loss per share and higher revenues, driven by strong demand in HIV, Oncology, and Liver Disease sales. The company provided updated 2024 guidance, expecting product sales to remain stable but adjusted earnings per share to decrease due to the dilutive impact of the CymaBay acquisition. Gilead also announced acquisitions, partnerships, and pipeline updates.
Full articleSummary: Charter Communications, Inc. held its Q1 2024 Earnings Call where they reported a decrease of 72,000 Internet customers, but added nearly 500,000 Spectrum Mobile lines. Revenue was flat while adjusted EBITDA grew by 2.8%. They discussed challenges from low selling opportunities for Internet, ongoing network investments, and the potential impact of the Affordable Connectivity Program (ACP) on subscriber growth. Management expressed confidence in returning to sustainable growth over time.
Full articleSummary: IBM is taking legal action against LzLabs in London's High Court, accusing LzLabs of using reverse-engineered parts from an IBM mainframe to create its Software Defined Mainframe platform, breaching contract terms. LzLabs is expected to argue that the development of SDM is protected by European and UK laws promoting innovation and competition.
Full articleSummary: Starbucks and US workers' union held contract negotiations over a two-day session in Atlanta, with plans to meet again in late May. Both parties worked on a foundational framework for union organizing and collective bargaining across the country.
Full articleSummary: Meta reported a stellar quarter but faced a rough reception from investors due to high AI investment expenses, leading to a downbeat Q2 forecast. Investors seemed less patient with Meta's AI outlays compared to Tesla's recent surge based on visionary storytelling.
Full articleSummary: Meta (META) reported a stellar quarter but investors are concerned about the high capital expenditures, especially related to AI investments. The stock took a hit as the company shared a downbeat Q2 forecast and failed to reassure investors about the profitability of these investments.
Full articleSummary: Analysts have shared bullish sentiments on Regeneron (REGN), Gilead Sciences (GILD), and Dexcom (DXCM) in the Healthcare sector.
Full articleSummary: Apple has scheduled a product showcase for May 7 where an iPad refresh is expected with substantial upgrades rumored, including M3 chips and OLED displays. Possibility of a next-gen Apple Pencil or iPad Air unveiling as well.
Full articleSummary: Investors with a lot of money are taking a bullish stance on Intuit (INTU) according to publicly available options history data analyzed by Benzinga. Notable options activity includes a mixture of bullish, neutral, and bearish sentiment.
Full articleSummary: Comcast's streaming service Peacock experienced a surge in subscribers after streaming an exclusive NFL wildcard game, leading to speculation about the return on investment. The company's reluctance to disclose specific subscriber figures raised questions about the long-term sustainability of sports streaming services.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon discussed his past health struggles, such as surviving acute aortic dissection and throat cancer, in a recent interview. He expressed a greater urge to help the country and emphasized living life deliberately after overcoming these health crises.
Full articleSummary: Copado, a DevOps company, has launched a new AI assistant for Salesforce test creation named Test Copilot, following the release of Copado Explorer and CopadoGPT.
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