Summary: Russian court orders seizure of $439.5 million from JPMorgan Chase to be paid to state-run lender VTB Bank.
Full articleSummary: Boeing is facing a series of safety issues, financial challenges, and regulatory investigations which have led CEO Dave Calhoun to announce his departure. Despite the setbacks, Ryanair CEO Michael O’Leary emphasized the importance of having accountants in top roles to ensure on-time and within budget production of aircraft. Ryanair, a primary customer of Boeing, is planning to receive 40 aircraft from the manufacturer for its summer season, anticipating difficulties due to a plane shortage.
Full articleSummary: Coca-Cola Europacific Partners PLC reported a good start to the year with strong revenue and volume growth in multiple regions, reaffirming full-year guidance. The company's CEO expressed confidence in the business strategy and ability to deliver continued shareholder value.
Full articleSummary: Gilead Sciences Inc. will host a conference call to discuss Q1 2024 earnings results on April 25, 2024.
Full articleSummary: Nvidia Corp. has made a deal to acquire Israeli deep learning developer Deci AI and Israeli AI infrastructure company Run:ai. Deci AI will help Nvidia's customers generate more from GPUs and AI servers by compressing generative AI language models, making them work more efficiently on Nvidia servers.
Full articleSummary: WEX has reached a new long-term agreement with Booking.com, distinguishing WEX as Booking.com's preferred virtual card provider. This partnership aims to simplify transactions in global travel payment activities.
Full articleSummary: Texas Instruments (NASDAQ:TXN) had its 'buy' rating reaffirmed by Benchmark with a price target of $210.00, indicating a potential upside of 20.13% from the current price. Other analysts have also issued positive ratings for the stock.
Full articleSummary: Alphabet has outperformed the Nasdaq Composite Index with a stellar 151% return in the past five years and has consistently grown sales and income, with revenue and diluted earnings per share increasing at compound annual rates of 17.6% and 21.6% respectively. The company benefits from the growth of digital advertising, streaming entertainment, and cloud computing markets.
Full articleSummary: Trident Energy acquires shares from Chevron and TotalEnergies in Congolese oil and gas fields, increasing their working interest in Nkossa and Nsoko II fields.
Full articleSummary: Lockheed Martin Corp and RTX Corp are expected to profit from $95 billion of new weapons funding as demand for pricey equipment increases due to conflicts in Ukraine and Israel. Lockheed's CEO anticipates strong growth over the next few years. RTX does not raise sales forecast for 2024 due to uncertainty in funding flow.
Full articleSummary: Burberry is at risk of a takeover after losing a fifth of its value since the start of the year, potentially making it an acquisition target due to its rich heritage and independence in the luxury industry.
Full articleSummary: Deutsche Bank analyst raised the price target on Thermo Fisher Scientific to $610.00 and maintained a Buy rating based on positive bioprocessing messaging, order growth, and increased 2025 EPS.
Full articleSummary: Apple lost its title as China's top smartphone seller in Q1 2024 as shipments declined by 6.6% due to intense competition from Android players. Honor and Huawei tied for the leading position while iPhone's market share fell to 15.6%.
Full articleSummary: Gilead Sciences Inc. (GILD) will host a conference call to discuss Q1 2024 earnings results.
Full articleSummary: Wells Fargo maintained Overweight rating on Entergy Corp, raised price target to $122 from $115 citing positive regulatory developments and long-term load growth outlook. Analyst believes stock is undervalued compared to peers due to potential P/E re-rating.
Full articleSummary: General Dynamics reported an increase in revenue and net earnings in the first quarter of 2024, with operating earnings reaching $1 billion and backlog growing to $93.7 billion. The drop in stock price was due to no G700 jets being delivered, though FAA certification is expected to boost Aerospace segment deliveries.
Full articleSummary: IBM (NYSE: IBM) to acquire HashiCorp (Nasdaq: HCP) for approximately $6.4 billion, targeting expansion of infrastructure and security capabilities in multicloud and hybrid cloud environments to support AI technologies. The transaction is expected to conclude by the end of 2024, following approval by HashiCorp shareholders and regulatory clearances.
Full articleSummary: Nvidia is acquiring Israeli startup Run:ai for an estimated USD$700 million to enhance its AI computing resources.
Full articleSummary: HSBC upgraded Gilead Sciences from a reduce rating to a hold rating with a $69.00 price objective. Various other analysts have given mixed ratings on the stock. Gilead Sciences has a consensus target price of $84.57. The company also increased its dividend.
Full articleSummary: Decarbonization Partners, a joint venture between Temasek Holdings and BlackRock, raised $1.4 billion for a venture capital fund dedicated to investing in firms with technologies to reduce carbon emissions.
Full articleSummary: Russia warns to target NATO nuclear weapons in Poland if deployed, citing security concerns.
Full articleSummary: The CEO of Cisco Systems signed the Vatican’s artificial intelligence ethics pledge focusing on responsible use of AI, joining other tech giants like Microsoft and IBM. The document emphasizes principles like transparency, inclusion, accountability, and respect for human rights and the environment. The Vatican has been actively engaged in discussions on AI ethics, with Pope Francis recommending an international treaty to regulate the development and use of AI.
Full articleSummary: Cisco Systems has announced that hackers exploited previously unknown vulnerabilities in its Adaptive Security Appliances, urging customers to update their software immediately. The hackers, referred to as "UAT4356," targeted government networks globally.
Full articleSummary: Amgen (NASDAQ:AMGN) is scheduled to issue its quarterly earnings data, with analysts expecting earnings of $3.82 per share for the quarter. Amgen set its FY24 guidance at $18.90-20.30 EPS and its FY 2024 guidance at 18.900-20.300 EPS. The company also disclosed a quarterly dividend of $2.25 per share.
Full articleSummary: ConocoPhillips is set to release its earnings data with analysts expecting $2.05 EPS for the quarter. The company previously reported higher-than-expected earnings of $2.40 per share. ConocoPhillips also increased its quarterly dividend to $0.78 per share, representing a positive change from the previous dividend of $0.58. Insiders have been actively selling company stock, with CEO Ryan Michael Lance selling a significant number of shares.
Full articleSummary: Alphabet Inc. (GOOGL) will host a conference call to discuss Q1 2024 earnings results on April 25, 2024, after market close.
Full articleSummary: The Pentagon's top weapons tester, Douglas Schmidt, recused himself from decisions or program evaluations involving Lockheed Martin Corp. due to his previous work as an expert witness for a law firm representing Lockheed's Sikorsky Aircraft unit, marking another instance of scrutiny over the revolving door between the military and its suppliers.
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