Summary: Investors are losing patience with Big Tech's AI investments after Meta Platforms signaled deeper spending and a long road to profitability. This news has cast a cloud over companies like Microsoft and Alphabet, which will report earnings soon.
Full articleSummary: Hedera (HBAR) price dropped nearly 10% on Thursday due to misconstrued partnership news with BlackRock, despite a 44% increase in the past week. Clarification from BlackRock refuted the association, resulting in the correction.
Full articleSummary: The Pentagon's top weapons tester recused himself from decisions involving defense contractor Lockheed Martin Corp, citing a potential conflict of interest.
Full articleSummary: Ford's electric vehicle unit reported a significant loss of $1.3 billion in the first quarter, with $132,000 loss per vehicle sold, attributed to price cuts and research investments. Ford aims to make EV business profitable within the next 12 months. Ford Pro, focusing on traditional vehicles, remained profitable.
Full articleSummary: RTX Co.'s share price reached a new 52-week high after reporting stronger than expected earnings. The company beat EPS estimates and had a revenue increase of 12.1% year-over-year. Analysts have provided a mix of ratings, with a consensus of 'Hold' and an average price target of $96.27.
Full articleSummary: Google has delayed the plan to phase out third-party cookies in Chrome until early next year due to ongoing challenges with industry stakeholders and regulators.
Full articleSummary: The Motley Fool, a financial advisory company, recommends options for Microsoft stock. Parkev Tatevosian, affiliated with The Motley Fool, may earn commissions for promoting services.
Full articleSummary: Meta CEO Mark Zuckerberg discussed the company's focus on generative AI during the first-quarter earnings call, highlighting its potential for future profitability and monetization. The company's revenue growth is expected to slow down as it invests heavily in AI and the metaverse. Zuckerberg also mentioned plans to monetize the AI assistant through various methods like business messaging, ads, paid content, and access to larger AI models.
Full articleSummary: Mark Zuckerberg takes a jab at Apple's Vision Pro during Meta's first-quarter earnings call by expressing skepticism about augmented-reality glasses with full holographic displays, emphasizing a market for fashionable AI glasses without displays. Meta CEO believes smart glasses have the potential to be a significant platform sooner than expected.
Full articleSummary: Google delays phasing out third-party tracking cookies in Chrome as it addresses competition concerns from U.K. regulators over Privacy Sandbox initiative.
Full articleSummary: Exxon Mobil is set to unveil its first-quarter earnings report with analysts projecting around $81 billion in revenue, a 5% drop compared to last year. The stock's price movement is closely tied to oil prices, and recent technical indicators suggest a positive momentum going into earnings.
Full articleSummary: Honeywell International Inc. (NASDAQ:HON) is anticipated to release its first quarter earnings with expected earnings of $2.17 per share and revenue of $9.03 billion. The company recently disclosed its intention to acquire Civitanavi Systems S.p.A. Analysts have mixed ratings on the stock, with varied price targets.
Full articleSummary: Exxon Mobil Corp is set to unveil its first-quarter earnings report with analysts estimating around $81 billion in revenue, a more than 5% drop from last year. The company's earnings are heavily influenced by oil prices, which have been fluctuating. Exxon Mobil has a history of exceeding revenue estimates but is expected to see a significant 23% decrease in earnings per share compared to last year.
Full articleSummary: Microsoft and Coca-Cola have signed a £880 million ($1.1 billion) five-year deal to use cloud computing and AI services. The collaboration aims to explore Azure OpenAI for developing chatbots and other AI services within Microsoft’s Azure cloud platform.
Full articleSummary: Microsoft and The Coca-Cola Company have entered a five-year strategic partnership to align Coca-Cola’s core technology strategy systemwide. Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities, including using Azure OpenAI Service and Microsoft 365’s Copilot to drive innovation and productivity.
Full articleSummary: Texas Instruments' share price gapped up following better than expected earnings announcement, with several analysts increasing their price targets and ratings on the stock.
Full articleSummary: British competition regulators are scrutinizing recent artificial intelligence deals by Microsoft and Amazon over antitrust concerns. Microsoft's partnership with Mistral AI and hiring of staff from Inflection AI, as well as Amazon's $4 billion investment in Anthropic are under investigation. The watchdog is seeking comments from interested parties to determine if these deals impact competition in the UK.
Full articleSummary: Two former Wells Fargo Advisors have left to join Raymond James Financial Services, along with a client service associate. Scott T. Mulford and Melissa Minikes managed over $170 million in client assets at Wells Fargo.
Full articleSummary: GE Aerospace saw strong results in the first quarter as a standalone company, leading to an increase in full-year profit guidance. The company marked a new beginning with the successful spin-off of GE Vernova and is now focused on driving long-term profitable growth.
Full articleSummary: Lowe's partners with NFL and NFL prospect Drake Maye for community improvement projects, including renovations and surprise visits, ahead of the 2024 NFL Draft.
Full articleSummary: Honeywell introduces hydrocracking technology for sustainable aviation fuel (SAF) promising 90% reduction in carbon intensity compared to traditional jet fuels, significant cost reduction, and increase in production. DG Fuels selects Honeywell's technology for the world's largest SAF production site.
Full articleSummary: PayPal strategically moved into the cryptocurrency world, recently reported holding over USD 1 billion in digital assets belonging to its customers, marking themselves as a trusted intermediary. They aim to democratize access to the crypto market and provide more opportunities for users to spend their digital assets.
Full articleSummary: The global protective gloves market was evaluated at US$9.68 billion for 2022 and is projected to grow at a CAGR of 6.95% to reach a market size of US$15.5 billion by 2029. The growth is anticipated to be fueled by rising worker safety awareness, increasing occupational dangers in various industries, and supportive regulatory standards.
Full articleSummary: Thermo Fisher Scientific Inc.'s first-quarter 2024 earnings report showed adjusted EPS of $5.11, topping estimates by 8.7% and growing 1.6% year over year. Revenues were $10.35 billion, beating estimates by 2% but down 3.4% YoY. The company raised its 2024 guidance.
Full articleSummary: Coca-Cola Europacific Partners reported higher revenue for the first quarter, with strong growth in sales in Europe and Asia-Pacific. The company also backed its full-year guidance and declared a first-half interim dividend of EUR0.74 a share.
Full articleSummary: Honeywell International Inc. is set to release its first-quarter earnings, with analysts expecting an increase in both earnings per share and revenue. The company also disclosed its plan to acquire Civitanavi Systems S.p.A. Recent analyst ratings show varying sentiments, from downgrades to upgrades, with price target changes.
Full articleSummary: BlackRock denies having a tokenization partnership with Hedera Hashgraph, refuting claims made by the HBAR Foundation about tokenization of its funds. HBAR price dropped by 35% after BlackRock clarified its stance.
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