Summary: Wells Fargo Home Lending announced the expansion of its $10,000 Homebuyer Access grant program to additional communities in eight metro areas and additional eligible areas in New Jersey, in an effort to increase homeownership opportunities for underserved communities.
Full articleSummary: Microsoft Corporation (MSFT) shares are currently trading around fair value, 11% below intrinsic value. The company is expected to generate 51% profit growth in the next couple of years. Investors are advised to consider factors like the company's financial strength before making investment decisions.
Full articleSummary: Wells Fargo Home Lending expands its $10,000 Homebuyer Access grant program to additional communities in eight metro areas and New Jersey, aimed at empowering Black and Hispanic homebuyers. The program offers grants for down payments on Wells Fargo loans for primary residences.
Full articleSummary: Wells Fargo Home Lending expands $10,000 Homebuyer Access grant program to additional communities in eight metro areas and New Jersey, aiming to empower Black and Hispanic homebuyers by increasing homeownership opportunities for underserved communities.
Full articleSummary: Nvidia CEO Jensen Huang delivers the world's first DGX H200 server to OpenAI, featuring a brand-new H200 Tensor Core GPU. The supercomputer is touted as the most powerful GPU for enhancing AI workloads. This delivery echoes a similar event in 2016 when Huang handed off the DGX-1 server to Elon Musk.
Full articleSummary: Honeywell reported strong first-quarter results, with reported and organic sales up 3%, operating margin up to 20.4%, and earnings per share above guidance. The company maintained its full-year sales, segment margin, adjusted earnings per share, and cash flow guidance ranges. Honeywell executed a capital deployment strategy, deployed $1.6 billion to dividends, share repurchases, and capital expenditures.
Full articleSummary: Worldcoin announced plans to launch its open-source blockchain World Chain. The company has faced regulatory challenges and hinted at collaborations with PayPal and OpenAI.
Full articleSummary: The Investment Committee discusses stocks Caterpillar, Union Pacific, and ServiceNow on the move.
Full articleSummary: Equities researchers at Seaport Res Ptn dropped their Q1 2024 earnings per share estimates for General Dynamics citing a decrease from their prior estimate of $3.23 to $2.77. Other research analysts have issued varying price targets and ratings for the company. General Dynamics also increased its quarterly dividend to $1.42.
Full articleSummary: ConocoPhillips intends to divest part of its 30% equity in Sempra Energy’s Port Arthur LNG project, the terminal is under construction in Texas and expected to start in 2027.
Full articleSummary: Lucid Group (NASDAQ:LCID) has faced challenges due to the steep price point of its Lucid Air amid a slowdown in EV demand, leading to a significant decline in stock price. Analyst Itay Michaeli believes in the company's strong EV tech position but highlights branding hurdles and execution risks. The upcoming Gravity SUV launch will be crucial for the company's future success.
Full articleSummary: Google employees protested against the $1.2 billion cloud computing contract with the Israeli government due to concerns over AI being used in drone strikes. Several workers were fired and there were accusations of workplace harassment and retaliation against employees who participated in the protest.
Full articleSummary: U.S. equities sank due to slower-than-anticipated economic growth and accelerated inflation. Meta Platforms' (META) spending on artificial intelligence worried investors. Chipotle Mexican Grill (CMG) saw a boost in sales from increased foot traffic.
Full articleSummary: First-quarter earnings estimate for ExxonMobil and Chevron expected to drop significantly despite the surge in global oil prices. The decline in earnings is attributed to lower natural gas prices, oversupply in the US gas market, and difficulties in downstream operations.
Full articleSummary: ExxonMobil and Chevron are expected to report significant year-over-year drops in earnings per share (EPS) for the first quarter of 2024 despite a surge in global oil prices. The drop is attributed to lower natural gas prices, oversupply in the US gas market, and challenges in both upstream and downstream operations.
Full articleSummary: Nvidia plans to acquire two Israel-based AI startups to strengthen its offerings in the AI space, providing comprehensive solutions for enterprise customers and driving long-term demand for its GPUs.
Full articleSummary: IBM to acquire HashiCorp in a $6.4 billion deal, boosting cloud-based software products, IBM shares fall as HashiCorp's rise on the news, IBM focuses on cloud business growth as software business sees 5.5% increase in first quarter.
Full articleSummary: Cantor Fitzgerald CEO predicts the Federal Reserve to cut rates once this year, just before the US presidential election. He also expects market volatility to rise in September and October due to election uncertainty. BGC Group Inc. is launching a futures exchange to rival CME Group Inc.
Full articleSummary: Deutsche Bank raised Thermo Fisher Scientific's price target to $610 from $600, citing a positive outlook on the company's bioprocessing segment. The increased target is based on improved earnings per share estimate for 2025. While optimistic about growth, potential downside risks were highlighted, including demand slowdown for bioprocessing products and geopolitical instability.
Full articleSummary: Comcast Corp. shares fell over 7% due to a steeper-than-expected loss of internet subscribers, but its cable-TV business performed better than anticipated.
Full articleSummary: Tesla had its price target raised to $182.00 by Citigroup with a neutral rating. Several other research firms also adjusted their price targets and ratings. Insider activity includes notable stock sales.
Full articleSummary: Rachel Zegler expresses disappointment over the potential closure of the Dinosaur attraction at Disney's Animal Kingdom due to upcoming transformation of the Dinoland U.S.A. area into Tropical Americas land.
Full articleSummary: Ford reported better-than-expected first-quarter earnings with $42.8 billion in revenue, a 36% jump in commercial revenue, but a decline in EV sales.
Full articleSummary: Thermo Fisher Scientific Inc. reported strong financial performance in Q1 2024, beating earnings expectations with a reported EPS of $5.67 compared to expectations of $4.70. The company raised its guidance for 2024, expecting revenue in the range of $42.3 billion to $43.3 billion and adjusted EPS between $21.14 to $22.02 per share.
Full articleSummary: New parents are facing an average cost of $13,000 in the first year of their baby's life, not accounting for birth expenses. Costco offers various baby items such as wipes, formula, diaper rash cream, breast pump, and diapers at affordable prices, making it a popular choice for new parents.
Full articleSummary: HSBC upgraded their outlook for United Parcel Service (UPS) from Hold to Buy with a 10.26% upside in the average one-year price target. The projected annual revenue for UPS is expected to increase by 14.85% and the company declared a $1.63 dividend per share. Institutional ownership increased with a bullish put/call ratio of 0.81.
Full articleSummary: Tesla's EV prices have declined significantly on the used market in 2024, with the Model S experiencing a 34.4% drop and all models falling by more than 27%. This trend is not unique to Tesla, as popular used EV prices have also fallen by 27% over the past year.
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