Summary: Oracle Academy organized a two-day workshop in Kenya to empower business and IT faculty with Oracle NetSuite ERP, facilitated by industry experts. The event provided hands-on experience, insights, and interactive sessions on leveraging Oracle NetSuite for educational purposes.
Full articleSummary: PayPal stock has experienced significant drops in the past few years. The upcoming financial results will be crucial for the company as analysts expect minimal revenue growth. Metrics indicate the company is undervalued, and most analysts maintain a buy rating on the stock.
Full articleSummary: Union Pacific Corporation reported their first quarter 2024 results with net income of $1.6 billion, or $2.69 per diluted share, compared to $1.6 billion, or $2.67 per diluted share in 2023. The company highlighted improved operational efficiency, core pricing gains, and first quarter records for operating income and net income.
Full articleSummary: Colgate-Palmolive (India) Ltd stock is performing positively, up for the fifth straight session and showing gains overall in the last year and last month. The stock is trading higher than both NIFTY and Nifty FMCG.
Full articleSummary: Ford is recalling its off-road Transit Trail van due to tire rub problems, and is replacing the oversized tires with smaller, regular-sized ones, reducing its off-road capability. Owners are unhappy with the downgrade in the vehicle's performance and value.
Full articleSummary: Microsoft is ramping up spending on AI infrastructure due to demand surpassing supply, causing a notable increase in capital expenditures. The company aims to scale its cloud and AI products to meet the growing demand signal.
Full articleSummary: United Parcel Service (UPS) stock has received a 'Hold' recommendation from analysts with an average 12-month price objective of $165.23. The stock received several ratings including 'Market perform', 'Buy', and 'Strong buy'. Director Eva C. Boratto recently purchased 1,400 shares of UPS. The company reported earnings per share of $1.43 for the quarter, beating analysts' estimates.
Full articleSummary: Oracle announced new AI capabilities within Oracle Fusion Cloud Customer Experience to accelerate deal cycles. The AI features aim to automate tasks and enable front office professionals to target, engage, and serve buyers more effectively.
Full articleSummary: Capital One reported an increase in consumer spending on cards, a decrease in consumer banking loans, and discussed the benefits of the proposed acquisition of Discover Financial Services.
Full articleSummary: UPS and FedEx are facing uncertainty in U.S. supplies of electric step vans needed for electrification, impacted by battery shortages and startup failures. California is changing voucher terms hurting electric step van adoption by large companies like UPS and FedEx. The regulatory environment in the U.S. could shift towards electric vehicles for large delivery fleets.
Full articleSummary: Google employees, known as Googlers, have been engaging in activism inside and outside the company on various issues but faced consequences after protesting a contract with the Israeli government involving cloud computing and AI services. Amid escalating tensions around the Israel-Hamas war, companies are increasingly avoiding taking public stances on divisive social and political issues. A survey showed that many C-suite leaders are hesitant to publicly address such topics due to concerns of alienating customers and investors.
Full articleSummary: Overbrook Management Corp purchased a new position in Booking Holdings Inc. during the 4th quarter, with the stock being its 18th biggest position. Several other hedge funds and institutional investors also increased their holdings in Booking. Additionally, there have been positive analyst ratings changes for BKNG, with the stock receiving 'buy' and 'outperform' ratings from various analysts.
Full articleSummary: Comcast reported a growth in Peacock subscribers by 3 million in Q1 2024, bringing its total subscriber base to 34 million, with total revenue of $1.05 billion, a 54% increase year over year, driven by exclusive airing of NFL Wild Card playoff game. The streaming service saw a quarterly subscription revenue growth of 68% and an increase in advertising revenue.
Full articleSummary: Apple has released a suite of new AI models designed to run on-device, signaling the company's commitment to both cloud-based and on-device AI. These models, named OpenELMs, are open-source and available on the Hugging Face Hub.
Full articleSummary: Caterpillar reported a decrease in sales and revenues for its construction industries segment in the first quarter of 2024 compared to the same period in 2023. North America was the only region with increased sales, while other regions experienced declines. The company's profit in the construction industries segment also decreased compared to the previous year.
Full articleSummary: Exxon Mobil Corporation is set to release its first quarter earnings results with analysts expecting $2.20 per share, down from $2.83 per share in the previous year. Share price rose by 0.2% to close at $121.33 on Thursday. Several analysts have maintained positive ratings and raised price targets for the company recently.
Full articleSummary: William Blair analysts lowered their Q2 2024 earnings per share estimates for Danaher, while several other equity analysts increased their target prices and ratings for the company. Danaher reported $1.92 EPS for the quarter, beating the consensus estimate, and also increased their quarterly dividend. Insiders have been actively selling shares of the company, and hedge funds have made changes to their positions in Danaher.
Full articleSummary: Cantor Fitzgerald lowered their FY2024 earnings per share estimates for Texas Instruments, multiple analysts provided ratings and price target updates for the stock, and the company beat earnings estimates in its recent quarterly report.
Full articleSummary: ExxonMobil, NTU, and A*STAR have launched a Corporate Lab in Singapore to focus on energy transition, climate change, and sustainability, aiming to develop market-ready technologies to combat climate change challenges. The lab will bring together researchers from all three organizations to work on breakthroughs in areas like carbon capture and renewable energy.
Full articleSummary: Alphabet, Google's parent company, exceeded analysts' revenue estimates by reporting a 15% growth for the quarter, with strong performances in ad sales at YouTube. The company's increased focus on artificial intelligence investments also paid off, with revenue in Google Cloud jumping 28% and operating income quadrupling.
Full articleSummary: Earnings view and long-term view coincide for CVS, with near term view indicating stock could trade higher and long-term view suggesting stock is likely to go up.
Full articleSummary: Microsoft's profits exceeded expectations due to strong performance in artificial intelligence and cloud computing services. The company reported a 17% increase in total revenue, surpassing analyst expectations. Shares rose 4% in after-hours trading in reaction to the positive earnings report.
Full articleSummary: Barclays raised their price target on PepsiCo, Inc. (PEP) from $184.00 to $185.00, resulting in a 0.6% rise in the stock price. Various analysts have given mixed ratings on the stock, with an overweight rating from Barclays and a neutral rating from JPMorgan Chase & Co. The company reported better-than-expected earnings results for the quarter.
Full articleSummary: Drew Baglino, who recently quit Tesla after 18 years, filed to sell 1,141,362 shares of the company, valued at $181 million.
Full articleSummary: Union Pacific reported a 1% increase in first-quarter profit due to tight expense management, especially in fuel costs, despite slightly lower freight volume. The railroad's revenue and earnings exceeded analyst expectations, leading to optimism about profit growth for the year.
Full articleSummary: Fastly (NYSE:FSLY) had its target price reduced by Citigroup from $20.00 to $15.00, with a 'neutral' rating on the stock. Various other analysts have provided mixed ratings for the stock, with a current consensus price target of $18.56.
Full articleSummary: Apple is increasing ties with China while expanding production in Southeast Asia and India, reducing reliance on suppliers from Taiwan, the U.S., Japan, and South Korea.
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