Summary: Nike offers free memberships with exclusive deals, free shipping, and shopping perks including access to special sales and products for its members.
Full articleSummary: Apple Card holders are eligible for 10% cashback on Nike purchases through a new promotional offer by Apple and Nike.
Full articleSummary: A Tesla in autopilot mode crashed into a motorcyclist, resulting in his death. The driver was charged with vehicular homicide and admitted to distracted driving. Tesla is offering a 30-day trial of its Full Self-Driving (Supervised) features for certain models.
Full articleSummary: ConocoPhillips (COP) is expected to deliver a year-over-year decline in earnings on lower revenues for the quarter ended March 2024. Despite the expected decline, analysts have become more bullish on the company's earnings prospects, with a positive Earnings ESP of +2.85% and a Zacks Rank of #2 indicating a likely beat on consensus EPS estimate.
Full articleSummary: A Russian court ordered the seizure of $439.5 million in funds from JPMorgan Chase's bank accounts in Russia that were frozen after the Ukraine invasion. JPMorgan had tried to block VTB's efforts through its own suit in New York.
Full articleSummary: Charter Spectrum is closing a call center in Walker, Michigan, impacting around 240 jobs
Full articleSummary: Salesforce announces Zero Copy Partner Network to streamline access and use of customer data with major tech firms as partners, focusing on zero copy integrations for a more efficient data transfer experience. The network aims to eliminate the need for tailored integrations and complicated data pipelines, providing a more secure and user-friendly way to connect data to business applications.
Full articleSummary: IBM announced the new IBM FlashSystem 5300, an entry-level storage solution offering exceptional price performance, high availability, and enterprise-class data services, along with improved performance, capacity, and data resilience. The new model aims to address critical business needs for clients modernizing their hybrid cloud storage.
Full articleSummary: Railroad operator Union Pacific plans to restart share repurchases in the second quarter after beating Wall Street estimates for first-quarter results. The company faced volume headwinds, mainly in coal shipments, but managed to increase operating revenue and net income. Despite economic uncertainty, Union Pacific remains optimistic and focused on service improvements and pricing strategies.
Full articleSummary: GSK has filed a lawsuit against Pfizer and BioNTech for patent infringement related to COVID-19 mRNA vaccine technology. This lawsuit adds to the legal battles between pharmaceutical companies over vaccine patents.
Full articleSummary: Honeywell International delivered a solid quarter, but recovery might take longer than expected due to sales in economically sensitive areas being down. Despite pockets of recovery in short-cycle businesses, the company's guidance suggests growth might not be immediate.
Full articleSummary: Cybersecurity agencies warn about sophisticated cyber-attacks targeting CISCO ASA VPN devices with two critical vulnerabilities identified. Mitigation strategies include updating firmware, monitoring device access, and implementing network segmentation.
Full articleSummary: Honeywell reported strong first-quarter results with 3% year-over-year sales growth, led by Aerospace Technologies and Energy and Sustainability Solutions. The company also reiterated its full-year guidance ranges for sales, segment margin, adjusted earnings per share, and cash flow.
Full articleSummary: Comcast is set to provide broadband internet and cable television options to Wellington residents and businesses through a new nonexclusive franchise agreement, along with offering discounted services to qualifying households and investing in community grants.
Full articleSummary: Texas Instruments had its price objective increased by Robert W. Baird from $125.00 to $175.00 with a neutral rating on the stock. Other analysts also revised their target prices and ratings, with a consensus rating of Hold and an average target price of $180.74. Moreover, the company recently reported its earnings results, beating the consensus estimate.
Full articleSummary: General Dynamics (NYSE:GD) had its target price raised by JPMorgan Chase & Co. and Barclays, along with other brokerages, resulting in an 'overweight' and 'neutral' rating respectively, with potential upside of 4.72%. Despite missing EPS estimates, analysts predict General Dynamics will post 14.56 EPS for the current year.
Full articleSummary: Alaska Permanent Fund Corp reduced its stake in Amgen Inc. by 7.0% during the 4th quarter, with the fund owning 56,051 shares worth $16,144,000. Several other institutional investors and hedge funds also made changes to their positions. Amgen announced a quarterly dividend of $2.25 per share, representing a $9.00 dividend on an annualized basis and a yield of 3.33%.
Full articleSummary: South Dakota Investment Council increased its position in Danaher Co. by 82.4% in the fourth quarter. Several other large investors also added to their stakes in DHR. Danaher's stock price went down by 1.2%. Danaher reported higher earnings per share and increased its dividend. Analysts set new price targets for Danaher. Insiders have been selling shares of the company.
Full articleSummary: Schnieders Capital Management LLC increased its holdings in Exxon Mobil Co. by 53.2% during the fourth quarter as per its recent disclosure with the SEC. Multiple other hedge funds and institutional investors also modified their holdings of the company. Insider selling of 2,400 shares by a VP was disclosed. Analyst ratings indicated a mix of hold and buy ratings, with an average target price around $132.28.
Full articleSummary: Wolverine Asset Management LLC acquired a new stake in General Dynamics Co. in the 4th quarter with 8,500 shares valued at approximately $2,207,000. Several other institutional investors also increased their holdings in the aerospace company. General Dynamics reported a quarterly dividend increase to $1.42 per share and insiders conducted selling transactions including CEO Phebe N. Novakovic.
Full articleSummary: California Public Employees Retirement System reduced its stake in Bank of New York Mellon by 4.8% during the 4th quarter. The bank announced a quarterly dividend and insider buying and selling occurred. Wall Street analysts have mixed ratings on the stock.
Full articleSummary: Charter A is expected to report earnings per share of $7.86 for the last quarter, with an estimated increase in revenue compared to the same quarter last year.
Full articleSummary: Union Pacific Corporation reported improved financial results in the first quarter of 2024 compared to 2023. The company saw a rise in operating income, operating revenue remained flat, and efficiency gains were noted in various operational aspects.
Full articleSummary: IBM announced new storage capabilities with the IBM Storage Assurance program, offering regular hardware and software upgrades and Expert Care support to maximize performance and extend storage investments. This includes whole system refreshes, AI-powered data services, and policy-based high availability enhancements.
Full articleSummary: Microsoft is set to release its latest quarterly report, with investors closely watching its performance in the AI sector, particularly Azure and Copilot. Analysts are expecting a significant earnings jump for the fiscal third quarter, with revenue growth driven by AI anticipated. There are concerns regarding Microsoft's capital spending and exposure to a potentially weakening economy.
Full articleSummary: Costco shopper received backlash for returning a three-year-old printer, highlighting the store's lenient return policy. Some members object to the practice, with examples of customers returning items such as a TV from 2002.
Full articleSummary: PepsiCo's brands Mug Root Beer and Schweppes Ginger Ale are facing mislabeling issues, with some cans containing the wrong formulas. The FDA has initiated recalls for these products due to potential health risks for consumers.
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