Summary: BNY Mellon Ultra Short Income ETF (BKUI) stock fell by 0% during trading on Thursday, with 8,688 shares changing hands.
Full articleSummary: Southwest Airlines is closing operations at four airports due to delays with Boeing jet deliveries. The airline will no longer serve Bellingham International Airport, Cozumel International Airport, Syracuse Hancock International Airport, and temporarily suspending service to Houston's George Bush Intercontinental Airport.
Full articleSummary: Verizon announced a $5 per month price increase for smartwatch plans, including those tied to Apple Watch, effective from June 3, 2024.
Full articleSummary: Colgate-Palmolive (India) Ltd. stock traded 0.9% up, reported a rise in net profit by 35.71% from the corresponding quarter last year, but a decrease in consolidated sales for the latest quarter. The stock's consolidated sales for the quarter ended 31-Dec-2023 were down 5.27% from the previous quarter.
Full articleSummary: U.S. stocks traded lower, with Dow, Nasdaq, and S&P 500 all falling. Bristol Myers Squibb shares fell over 8% after reporting Q1 loss and lowered 2024 EPS guidance. Impinj, Ultralife Corporation, and Processa Pharmaceuticals shares were up, while ATN International, Hertz Global Holdings, and JAKKS Pacific shares were down.
Full articleSummary: Intel reported double-digit growth in client computing revenue driven by AI PC demand, but also experienced a first quarter loss leading to a stock decline. Despite lower Q2 revenue forecast, Intel surpassed Q1 revenue expectations. Intel anticipates to sell over 40 million AI PCs in 2024 and expects strong gains in the second half of the year.
Full articleSummary: Leerink Partnrs lowered Q3 2024 earnings estimates for Danaher; several analysts updated ratings for DHR stock; Danaher reported $1.92 EPS for Q1 2025, beating estimates; the company increased its quarterly dividend.
Full articleSummary: PepsiCo, Inc. has been assigned a consensus rating of 'Moderate Buy' by eleven brokerages. Analysts have issued both hold and buy recommendations, with an average 12 month price target of $187.42. Several large investors have recently bought and sold shares of PEP.
Full articleSummary: Eli Lilly and Company has received a moderate buy recommendation from analysts, with an average 1-year price target of $728.05. The company has been rated buy by sixteen analysts and hold by three.
Full articleSummary: Economic activity report shows inflation sticking above expectations, leading investors and Fed officials to rethink rate cuts. Growth has been resilient, inflation firm, fueling doubts on rate cuts timeline. Analysts revise projections on rate cuts, markets now anticipate fewer cuts or none at all.
Full articleSummary: Microsoft Corp. reported quarterly sales and profit that exceeded expectations, driven by strong demand for its cloud and AI offerings. Azure revenue increased by 31% with a significant portion attributable to AI, leading to a 23% growth in commercial cloud product revenue. Microsoft's shares surged 5% in late trading on the positive earnings report.
Full articleSummary: Google and Microsoft reported double-digit profit increases due to heavy investment in artificial intelligence, with Alphabet's profit rising by 57% to $23.7bn and Microsoft's profit up by 20% to $21.93bn. Google's shares rose by 11% and Microsoft's by 4% in after-market trades.
Full articleSummary: Apple introduces OpenELM, a generative AI model that has outperformed other language models. OpenELM is designed to run efficiently on Apple devices and consists of eight models with different parameter sizes.
Full articleSummary: Union Pacific Corporation reported first-quarter 2024 earnings that beat the Zacks Consensus Estimate, with improved operational efficiency and favorable pricing. Operating revenues marginally exceeded estimates but declined slightly year over year. The company expects profitability to gain momentum in the current year despite challenges such as muted volumes in certain business segments.
Full articleSummary: Chemicals maker Dow forecasts second-quarter sales below expectations due to weak demand for consumer durables and uncertainty in European economies. Despite muted consumer durables demand, Dow expects margin expansion in Europe in certain segments. Dow's first-quarter net sales declined by 9% due to lower local prices, but the company exceeded profit estimates in that quarter.
Full articleSummary: Intel's projected revenue and profit below market expectations leading to an 8% share decline amid weakened demand for traditional data center and PC chips, creating opportunities for Nvidia in the AI chip market. Despite challenges, Intel launches Gaudi series AI chips to compete with Nvidia, while struggling with supply constraints and falling short on financial forecasts.
Full articleSummary: Alphabet announced its inaugural dividend and a $70 billion stock buyback plan, leading to a 16% increase in share price in after-hours trading. The company exceeded Q1 expectations, with revenue of $80.54 billion and advertising sales for Google soaring by 13%.
Full articleSummary: Honeywell was selected by Lilium to supply sensors for the Lilium Jet, which play a critical role in its safe takeoff. The sensors are part of Honeywell's efforts to support automation, the future of aviation, and energy transition, and are lighter and less expensive than traditional counterparts.
Full articleSummary: Microsoft reported record Q3 2024 earnings with strong performance in Microsoft Cloud, which surpassed $35 billion in revenue, up 23%. Satya Nadella highlighted the strategic focus on AI transformation across all industries through Azure and Copilot. Amy Hood discussed solid growth helped by Azure cloud services and AI capabilities. Commercial bookings remained strong, with Azure AI contributing 7 points to growth. Capacity constraints were primarily on Azure infrastructure, not Copilots.
Full articleSummary: Tesla Cybertruck production reached 1,000 units per week, potentially beating Ford F-150 Lightning and Rivian R1T. Tesla is expected to ramp up production to well beyond 1,000 units per week by summer and could sell around 100,000 Cybertrucks this year.
Full articleSummary: Caterpillar Inc. CAT fell sharply after reporting better-than-expected EPS but missed revenue estimates. Meanwhile, several stocks experienced significant gains and losses.
Full articleSummary: Bristol Myers Squibb reported a first-quarter loss and plans to save about $1.5 billion in costs by the end of 2025 by cutting jobs. Revenue growth was driven by certain drugs but overall, it faced challenges with sales of older cancer drugs. The company's adjusted profit forecast for 2024 was slashed due to deal expenses.
Full articleSummary: Microsoft reported a significant increase in revenue and profit for the first three months of the year, driven by its investments in artificial intelligence. The company's sales of Azure cloud computing product grew by 31 percent.
Full articleSummary: Comcast's Peacock strategy shows promising growth with increased demand share and subscriber retention, while facing challenges in original content offerings. The platform is expected to leverage its linear programming and exclusive content to boost revenue streams and compete with major streamers.
Full articleSummary: Alphabet and Microsoft reported better-than-expected quarterly sales and profits, with both companies seeing their stock prices rise. Google's new plans to buy back more shares and issue its first-ever dividend further boosted its stock. Microsoft CEO highlighted the success of the generative AI tool Copilot, with 1.8 million customers and significant revenue growth in cloud services.
Full articleSummary: Alphabet and Microsoft reported better-than-expected quarterly sales and profit, with their stock prices soaring. Both companies are focused on generative AI tools, with Microsoft's GitHub Copilot and Google Cloud's AI tools gaining traction among customers.
Full articleSummary: IBM announced Q1 2024 results with earnings surpassing expectations but revenue falling short. Despite revenue missing estimates, earnings per share increased by 66% YoY.
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