Summary: Honeywell announced the expansion of its portfolio with new technology to produce sustainable aviation fuel (SAF) that is 90% less carbon intensive than traditional fossil-based jet fuels. The technology enables a cost reduction of up to 20% and reduces by-product waste streams when compared to other hydroprocessing technologies. DG Fuels has selected Honeywell's FT Unicracking technology for its biofuels manufacturing facility in Louisiana, which will be the largest in the world for making SAF.
Full articleSummary: Cisco implements edge computing for transportation agency's safety applications, leading to improved safety and reduced latency for traffic event detection.
Full articleSummary: A major study suggests that Gilead Sciences's experimental drug remdesivir is effective against the new coronavirus, shortening recovery time by 31%. The drug shows potential in reducing deaths, but further results are needed for confirmation. Dr. Anthony Fauci stated it will set the standard of care and other treatments will have to be tested against or in combination with remdesivir.
Full articleSummary: Berkshire Hathaway has seen remarkable growth over the past four decades, with its market capitalization soaring from less than USD5 billion in 1980 to approximately USD900 billion today. While its growth rates have slowed down in recent years, the company continues to outperform the broader market.
Full articleSummary: NextEra Energy Partners reported stellar Q1 earnings, exceeding analyst expectations with EPS of $0.75 despite revenue falling short. The company is focusing on renewable energy projects, including wind, solar, and battery storage, with plans for repowering existing facilities and achieving growth without acquisitions.
Full articleSummary: Texas Instruments Inc. (TXN) is exhibiting a strong impulsive trend with favorable conditions for bullish positions, anticipating acceleration in wave 3 following a shallow wave {c} of 2 on the daily and 4-hour chart.
Full articleSummary: McDonald's (MCD) stock reached $276.75 with a slight decrease compared to the previous day. Despite recent losses, market participants are eagerly awaiting the upcoming earnings release on April 30, 2024, with projected growth in earnings and revenue. Analyst estimate revisions are closely linked to share price momentum, and McDonald's current Zacks Rank is #3 (Hold). The Retail - Restaurants industry, to which McDonald's belongs, is ranked in the bottom 37% of industries.
Full articleSummary: Nvidia is facing challenges from new competitors such as Groq, Cerebras, and SambaNova, who are developing AI-specific chips designed for efficiency, posing a potential threat to Nvidia's dominance in the market.
Full articleSummary: PepsiCo has installed photovoltaic panels at three sites in Romania, representing a local investment of USD 2.1 million. They are also considering installing panels in all company buildings in Romania, aiming to reduce GHG emissions and integrate sustainability into operations. PepsiCo has been investing in Romania for over 30 years.
Full articleSummary: Danaher Corporation (NYSE:DHR) has shown strength and resilience in its core businesses despite post-pandemic challenges. While revenue growth has been subdued, the company maintains strong margins, continues to innovate, and is positioned for long-term success in healthcare and life sciences.
Full articleSummary: ConocoPhillips is set to issue its quarterly earnings data with analysts expecting earnings of $2.05 per share. The company recently reported strong quarterly earnings and has a positive dividend yield. Insider buying and selling activities have also been noted. Several analysts have provided price targets and ratings for the stock.
Full articleSummary: Russian oil facilities were exploded by Ukrainian drones in Voronezh, Smolensk, and Lipetsk regions. Russia plans to target western weapons logistics hub in Ukraine to disrupt the supply of arms.
Full articleSummary: Microsoft and the Coca-Cola Company announced a five-year strategic partnership to experiment with new technology, including a $1.1 billion commitment to Microsoft Cloud and GenAI capabilities. The collaboration aims to leverage Azure OpenAI and Copilot for improving workplace productivity. Coca-Cola has been innovating with AI to enhance customer experiences and optimize operations.
Full articleSummary: Philip Morris reported better-than-expected results driven by the demand for heated tobacco sticks, with its flagship device IQOS performing well. Shipments of IQOS units grew by 20.9% in the first quarter.
Full articleSummary: Microsoft is rumored to be working on new Arm-based Surface devices, set to be revealed at an event on May 20. These devices are expected to feature Snapdragon X family processors, promising major improvements in performance and battery life over previous models. Microsoft's transition to custom silicon is seen as crucial in competing with Apple's M-series processors.
Full articleSummary: Three oil giants, ExxonMobil, Chevron, and Phillips 66, are set to report earnings on Friday, amid a positive outlook for energy earnings driven by high energy prices and refining margins. Analysts expect positive results that could impact stock prices and influence the broader energy sector.
Full articleSummary: Intuit Inc.'s share price was up 0.8% during mid-day trading on Wednesday. Wall Street analysts forecast growth in the company. Intuit announced a quarterly dividend and insider activity occurred with stock sales.
Full articleSummary: Jamie Dimon, CEO of JPMorgan, commended Indian Prime Minister Narendra Modi for driving socio-economic progress, highlighting transformative changes and achievements under his leadership. He praised Modi's governance in reducing poverty, reforming bureaucratic system, and streamlining tax structure. Dimon's endorsement reflects a growing acknowledgement of India as a global economic powerhouse. Challenges under UPA Governance involved struggles with poverty, inadequate infrastructure, and policy paralysis.
Full articleSummary: Thermo Fisher Scientific reported strong financial performance for Q1 2024, with an increase in revenue, adjusted operating income, adjusted EPS, and free cash flow. The company raised its full-year guidance and highlighted positive developments in the biotech funding environment and a stimulus program announced by China.
Full articleSummary: PepsiCo stock traded up 0.9% following a stronger than expected earnings report, declared a quarterly dividend, and received new price target upgrades from analysts.
Full articleSummary: SK Hynix reported a net profit of 1.92 trillion South Korean won in the first quarter, attributing the strong performance to an increase in sales of AI server products and high-bandwidth memory chips. The revenue in the first quarter saw a 144% increase from a year ago, the highest since second quarter 2022.
Full articleSummary: SK Hynix reported a net profit of 1.92 trillion South Korean won in the first quarter, marking the first positive income since Q3 2022. The revenue in the first quarter increased by 144% from a year ago to 12.43 trillion won, the highest since Q2 2022. SK Hynix attributed the strong performance to an increase in AI server product sales and plans to increase HBM3E supply for AI memory demand.
Full articleSummary: Coca-Cola has entered into a $1.1 billion five-year deal with Microsoft to use its cloud computing and artificial intelligence services, exploring the use of generative AI for marketing, manufacturing, and supply chain to improve customer experience and streamline operations.
Full articleSummary: U.S. bank regulators extend the comment period on Capital One's bid to acquire Discover Financial until May 31, for a pending $35 billion deal to create the sixth-largest bank and a payments giant, likely to face regulatory scrutiny under Biden's administration.
Full articleSummary: U.S. bank regulators extend comment period on Capital One's bid to acquire Discover Financial, creating sixth-largest bank and payments giant.
Full articleSummary: Google's head of Search, Prabhakar Raghavan, expresses the need for Google to adapt to a new cost and operating reality, highlighting challenges such as increased competition, rising costs, slowing growth, regulation, and internal bureaucracy.
Full articleSummary: Blue Tower Asset Management reported a 13.78% net return in the first quarter of 2024, outperforming the broad market index. They highlighted The Charles Schwab Corporation (NYSE:SCHW) as one of their investments, mentioning fears of insolvency due to unrealized losses on fixed income investments.
Full article