Summary: Honeywell has reported multiple vulnerabilities affecting various versions of Experion PKS, Experion LX, PlantCruise, Safety Manager, and Safety Manager SC products, potentially leading to privilege escalation, disclosure of sensitive information, or remote code execution. Mitigations include upgrading to secured versions and minimizing network exposure.
Full articleSummary: Pune has emerged as a tech hub with various multinational companies specializing in software development and information technology, aided by STPI and universities; top companies like ZocDoc, EDB, Acquia, CrowdStrike, IBM, Barclays, Wipro, John Deere have a significant presence in Pune and are actively hiring.
Full articleSummary: Caitlin Clark is expected to sign a $28 million endorsement deal with Nike, the most lucrative deal for a women's basketball player in history, with her own signature shoe.
Full articleSummary: UPS and FedEx are facing uncertainty in the U.S. supply of electric step vans due to battery shortages and high prices, as well as losing access to California vouchers for EVs. This is hindering their electrification efforts, essential for U.S. President Joe Biden's climate goals.
Full articleSummary: Southwest Airlines announced it would leave four airports due to fewer expected Boeing 737 Max deliveries causing a larger-than-anticipated quarterly loss. The network adjustment includes flight reductions in Atlanta and Chicago as the company expects to receive just 20 Max 8 planes this year.
Full articleSummary: Comcast Corporation reported a modest revenue gain in Q1, with growth in Peacock numbers but decline in pay-TV subscribers. The company highlighted double-digit growth in adjusted EPS and free cash flow, along with strong performance in connectivity businesses and studios.
Full articleSummary: GlaxoSmithKline sues Pfizer and BioNTech for patent infringement related to mRNA technology in COVID-19 vaccines.
Full articleSummary: Meta reported strong earnings in Q1 2024, citing AI-based tools as key to revenue growth. However, caution about the timeline for monetization of generative AI products led to a significant drop in stock price during after-hours trading. The company is focusing on AI-based content recommendations and ad optimization to improve user engagement and ad performance.
Full articleSummary: Intel engineers have released OpenVINO 2024.1, enhancing AI toolkit features like Generative AI and Large Language Models. Improvements include optimized models for Intel processors, reduced LLM compilation time, better performance on Intel Arc Graphics GPUs, and improved accessibility via JavaScript API.
Full articleSummary: Lockheed Martin Corp (LMT) released its Q1 earnings report, showing impressive growth in net sales. Despite a slight decline in adjusted EPS, the company exceeded expectations. A Golden Cross indicator is approaching, indicating a potentially bullish trend reversal for the stock.
Full articleSummary: McDonald's received permission to build a new branch in Oak Tree Business Park, creating over 120 new jobs with the restaurant described as 'multi-million pound'. Plans also revealed a potential Greggs drive-thru in the park.
Full articleSummary: Alphabet (GOOG, GOOGL) is set to release quarterly earnings after the bell on Thursday, following a volatile week for tech giants on Wall Street. High expectations and recent market pressure highlight the importance of the results, with a focus on revenue, AI investments, and the digital ad market. The report will be closely watched following Meta's disappointing forecast.
Full articleSummary: Mobileye Global Inc reported a fiscal first-quarter 2024 revenue decline of 48% YoY to $239.00 million. Adjusted EPS missed consensus expectations. The company reiterated its revenue outlook for FY24 despite challenges in the first quarter.
Full articleSummary: The Dow Jones Industrial Average dropped more than 700 points due to earnings-fueled drop from Caterpillar (CAT) and techs like Meta Platforms (META) plunging as much as 16%. Meanwhile, small caps sold off, and the cost of money jumped as interest rates rose. Impinj (PI) and Chipotle Mexican Grill (CMG) were among the few winners in the market today.
Full articleSummary: A nation-state threat actor has attacked Cisco firewall appliances in an espionage campaign targeting government networks and critical infrastructure. Cisco has issued patches for three zero-day vulnerabilities, urging customers to apply them. The attacks are considered sophisticated and indicative of espionage conducted by a well-resourced state-sponsored actor.
Full articleSummary: PepsiCo (PEP) reported strong first-quarter earnings, beating EPS and revenue estimates, while projecting solid growth for 2024. However, despite the positive results, waiting for a better entry point for PEP and The Coca-Cola Company (KO) might be wise. The beverage industry faces challenges such as inflation and changing consumer tastes but is expected to grow due to rising disposable income and demand for ready-to-drink beverages.
Full articleSummary: PepsiCo (PEP) reported strong first-quarter earnings, surpassing EPS and revenue estimates, but is not considered a better buy than The Coca-Cola Company (KO) currently. Both companies face challenges in the beverage industry, including inflation and changing consumer tastes. However, industry growth is expected due to rising disposable income and demand for unique beverage flavors.
Full articleSummary: A Russian court ordered the seizure of $439.5 million from JPMorgan Chase's bank accounts in Russia after the Ukraine invasion. JPMorgan is facing a Russian judgment exposing its assets to seizure. Biden signed a foreign aid bill into law to locate and seize Russian assets for aid in Ukraine.
Full articleSummary: Stocks closed lower due to slower US economic growth and persistent inflation. Large cap stocks sold off after disappointing results from Meta Platforms. Other companies like IBM, Southwest Airlines, and Caterpillar also reported downbeat results.
Full articleSummary: US economic growth slowed down in the first quarter, alongside an acceleration in inflation which led to a sell-off in large cap stocks, including Meta Platforms, Alphabet, Amazon, and Microsoft.
Full articleSummary: Union Pacific plans to restart share repurchases in the second quarter after beating Wall Street estimates for first-quarter results, with strong pricing offsetting lower volumes. The company is addressing volume headwinds by focusing on new business segments like biofuels and petrochemicals and improving service efficiency.
Full articleSummary: Stock market dropped as Wall Street reacted to weak first-quarter GDP data, Meta Platforms (META) plunged on earnings, Alphabet (GOOGL) and Microsoft (MSFT) are due to report earnings after the close. Major indexes fell, Nasdaq composite down 1.9%, tech stocks fell. Companies such as Caterpillar, Chipotle, Ford, IBM, Lam Research, and ServiceNow witnessed varied stock movements.
Full articleSummary: HSBC analyst upgraded UPS from Hold
Full articleSummary: BlackRock's spot bitcoin ETF (IBIT) did not draw any investor money on Wednesday, snapping a 71-day inflows streak. Inflows have slowed this month, taking the wind out of the bitcoin bull run. Other funds like Fidelity’s FBTC and the ARK 21Shares Bitcoin ETF (ARKB) received inflows, while Grayscale’s GBTC saw outflows.
Full articleSummary: CVS Health announced the launch of a new workforce development and community resource center in Baton Rouge to be replicated nationwide, offering comprehensive career skills training and job placement in a unique hybrid facility. Additional locations are planned across the U.S. with hands-on externships and collaborations with local organizations.
Full articleSummary: Study finds that hospital mergers between 2000 and 2020 increased prices by 5.2%, with 90% of hospital markets being highly concentrated. Mergers the FTC could have challenged between 2010 and 2015 led to price increases of 5% or more. Operating costs dropped 4% to 7% on average at acquired hospitals following a deal.
Full articleSummary: GE HealthCare Techs (GEHC) saw an improvement in its Relative Strength (RS) Rating, rising from 80 to 84, making it a potentially strong performer in the market. The company is trying to complete a flat base with a 94.50 entry and upcoming quarterly results expected around Apr. 30. It holds the No. 11 rank in the Medical-Systems/Equipment industry group.
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