Summary: McDonald's Korea announces price increases on 16 menu items due to higher logistics and labor costs. The Big Mac and several others will maintain current prices. The company reported record earnings for 2023.
Full articleSummary: Bristol Myers Squibb Co. announced the layoff of 2,200 employees and discontinuation of 12 programs in an effort to save $1.5 billion.
Full articleSummary: MarketScreener provides daily news about listed companies including Ford, Dow, American Airlines, Comcast, Apple, IBM, and Cisco.
Full articleSummary: Trading activity on platforms like Charles Schwab, Morgan Stanley, and Robinhood has surged to the highest levels since early 2022, attracting both new and seasoned investors. Increased accessibility and information availability online have contributed to this trend. Although seen as a sign of confidence, it also poses risks due to potential volatility and speculation. Investors should prioritize caution, diligence, diversification, and risk management to navigate the market.
Full articleSummary: Danaher Co. SVP sold 4,000 shares, stock traded down 1.8%, company announced an increased dividend. Institutional investors and analysts show positive sentiment.
Full articleSummary: IBM announced its acquisition of HashiCorp in a $6.4 billion deal, expanding its cloud-based software products to cater to the rising demand for AI-powered solutions. IBM will pay $35 per share for HashiCorp, a 42.6% premium to the closing price.
Full articleSummary: Capital One Financial Corp. posted a first-quarter profit that missed estimates due to increased credit-card write-offs. The bank is in the process of acquiring Discover Financial Services in a $35 billion deal, which could potentially challenge Visa Inc. and Mastercard Inc. The stock price of Capital One was little changed after the earnings announcement.
Full articleSummary: WEX has renewed its long-term agreement with Booking.com, making it the preferred virtual card provider for the travel giant, aiming to simplify transactions in the travel sector. The partnership, effective from April 2024, focuses on enhancing the travel experience and payment processes for Booking.com's customers and partners. This collaboration underscores WEX's expertise in payments and travel support.
Full articleSummary: Financial expert Tavi Costa warns that soaring debt levels could render the Federal Reserve powerless in combatting inflation due to limited traditional monetary tools. Costa highlights the U.S. national debt reaching over $34.5 trillion and projected to rise to 116% of GDP by 2034, surpassing World War II levels. He foresees a cycle favoring hard assets like gold amid fiat currency debasement and central banks increasing gold purchases.
Full articleSummary: US Treasury yields rose to 2024 highs as concerns about sticky US price pressures raised doubt about potential Federal Reserve rate cuts. Despite the selloff in global bonds, strong demand was seen in Treasury auctions signaling investors consider yield surges as buying opportunities.
Full articleSummary: Exxon Mobil Co.'s share price traded down 0.7% during trading on Thursday and received mixed analyst ratings. The company also announced a dividend and saw insider selling of shares.
Full articleSummary: Alphabet's shares surged over 14% in extended trading after reporting first-quarter results well above expectations, announcing its first-ever dividend of 20 cents per share, and approving stock buybacks of up to $70 billion.
Full articleSummary: Gilead Sciences reported a first-quarter loss due to a charge for the acquisition of CymaBay Therapeutics, but revenue increased 5% driven by higher sales in HIV, oncology, and liver disease treatments. The company lowered its earnings outlook for 2024.
Full articleSummary: Meta Platforms CEO Mark Zuckerberg's net worth dropped by $18 billion in a single day after a revenue forecast miss and plans to continue heavy investments in AI and the metaverse.
Full articleSummary: Disney World's Star Wars: Galaxy's Edge is changing the payment models for building remote control droids at the Droid Depot and constructing lightsabers at Savi’s Workshop. The experiences are moving to a pre-payment model, impacting visitors' budgeting for their trips.
Full articleSummary: Google parent Alphabet (GOOGL) reported strong first-quarter results, surpassing estimates. The company aims to expand AI capabilities across its products and pay a dividend to shareholders for the first time. AI efforts are expected to drive growth in future earnings.
Full articleSummary: A new Target-like retailer is proposed to move into a vacant lot in Wards Corner, Norfolk, occupying a 125,000 square foot building and offering a mix of grocery and general merchandise items.
Full articleSummary: Gilead Sciences reported a first-quarter loss due to a $3.9 billion charge for acquiring CymaBay Therapeutics, while revenue increased by 5% driven by higher sales in HIV, oncology, and liver disease treatments. Company lowered its 2024 adjusted profit outlook. Despite this, shares rose in after-hours trading.
Full articleSummary: Research analysts at Cantor Fitzgerald decreased their FY2024 EPS estimates for Texas Instruments. Ticker TXN is being discussed in various research reports with mixed ratings. The company recently reported quarterly earnings that beat expectations and announced a quarterly dividend.
Full articleSummary: Intel reported mixed Q1 results and softer guidance for Q2, stoking concerns that the company could fall behind rivals in AI-related chip demand. The company also mentioned losses at Intel Foundry division widened.
Full articleSummary: Former Tesla executive Drew Baglino sold around $181.5 million worth of Tesla shares as part of exercising stock options, marking his departure from the company after 18 years. Tesla is undergoing a strategic shift towards focusing more on its 'autonomy roadmap,' including plans to unveil a robotaxi design.
Full articleSummary: Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend of $1.30 per share, representing a $5.20 annualized dividend and a dividend yield of 2.97%. The company has been increasing its dividend payment annually for the last 20 years. The stock saw a slight increase of 0.3% in trading.
Full articleSummary: Alphabet and Microsoft reported better-than-expected quarterly sales and profits with Alphabet expressing plans to buy back shares and issue dividends, while Microsoft highlighted its success with generative AI tools like GitHub Copilot. Both companies are seeing significant growth in the generative AI space, but Google's efforts on advertising and cloud services are also gaining traction. Investors are closely watching the performance of their AI initiatives to determine future market share.
Full articleSummary: Bristol-Myers Squibb Company (BMY) is experiencing a significant decline in its stock price, setting new lows for close, month-to-date, and year-to-date percentages. The stock is down over a three-day period and showing weakness in the market.
Full articleSummary: Bristol Myers Squibb plans to cut about 6% of its workforce as part of a restructuring plan to save $1.5 billion by 2025. The company will also consolidate sites, reduce management layers and third-party spending, and trim its experimental drug pipeline.
Full articleSummary: Oracle announced new artificial intelligence (AI) capabilities within Oracle Fusion Cloud Customer Experience (CX) to help marketers, sellers, and service agents accelerate deal cycles by automating tasks and enabling precise targeting of buyers. The new AI capabilities aim to enhance customer satisfaction and drive sales by automating processes and recommending content while respecting customer data privacy and security.
Full articleSummary: NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster is now available in the Oracle U.S. Government Cloud region to assist government organizations in developing and deploying scalable and secure deep learning workloads.
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