Summary: Home Depot (HD) stock closed with a decrease of -1.77% in the recent session, underperforming S&P 500 and the Retail-Wholesale sector. The upcoming earnings report on May 14, 2024, is anticipated to show a decline in earnings and revenue year-over-year. Analysts have revised the estimates downward, leading to a Zacks Rank of #4 (Sell) for Home Depot.
Full articleSummary: JPMorgan Chase Financial Company LLC offers structured investments linked to the Dow Jones Industrial Average, Russell 2000 Index, and Nasdaq-100 Technology Sector Index. The notes provide investors with an opportunity for early exit at a premium under certain conditions. The settlement date is expected to be around April 25, 2024.
Full articleSummary: Oracle's co-founder corrected himself about bringing a 'world headquarters' to Nashville, but still signals a massive investment, aligning with Mayor O'Connell's transit referendum proposal. Nashville residents are supportive of more transit options despite concerns about growth.
Full articleSummary: Philip Morris International (NYSE:PM) had its target price increased by Stifel Nicolaus from $108.00 to $115.00 and currently has a buy rating on the stock. Multiple research analysts have issued different ratings on the company.
Full articleSummary: The dollar strengthened due to hawkish comments from Fed officials, despite mixed economic reports. The euro weakened on dovish factors for ECB policy, while the yen rallied on comments hinting at the end of BOJ's negative rate campaign. Precious metals saw moderate gains but remained under pressure from a stronger dollar and negative economic indicators for industrial metals.
Full articleSummary: Tech giant Cisco Systems joins Vatican-sponsored pledge with Microsoft and IBM to ensure ethical development and use of artificial intelligence, Cisco Systems CEO signed the document and met with Pope Francis to emphasize principles of transparency, inclusion, responsibility, impartiality, and security in AI systems.
Full articleSummary: A U.S. appeals court rejected Starbucks' claims that an employee vote to unionize at their Seattle store was invalid due to a mail ballot during COVID-19. The court upheld a decision that Starbucks must recognize and bargain with the store's union.
Full articleSummary: Tesla has launched the new Tesla Model 3 Performance featuring quicker acceleration, more power, improved brakes and suspension, sporty seats, and new Track Mode. However, it comes with a higher price tag, shorter range, and decreased ground clearance compared to other Model 3 variants.
Full articleSummary: Qualcomm announced the Snapdragon X Plus laptop processor with AI capabilities to enhance competition with rivals. The chip is part of the Snapdragon X series, promising improved CPU performance and lower power consumption compared to competitors. Qualcomm aims to challenge Intel and AMD in speed with its Snapdragon X processors.
Full articleSummary: GE Vernova, the American provider of energy equipment that used to be part of General Electric, is focusing on green energy opportunities in China, including manufacturing turbines, establishing joint ventures for gas turbine generator sets, and discussing the feasibility of shifting to hydrogen with major Chinese energy providers. The company also operates wind power and hydropower businesses in China and globally.
Full articleSummary: A Tesla operating on Autopilot hit and killed a motorcyclist near Seattle, raising questions about the effectiveness of the recent recall to ensure drivers using Autopilot remain attentive. The driver was arrested for investigation of vehicular homicide. The crash occurred despite U.S. auto safety regulators pressuring Tesla into recalling over 2 million vehicles to fix defects in the Autopilot monitoring system.
Full articleSummary: Lockheed Martin Corp (NYSE:LMT) stock fell 0.12% despite beating Wall Street expectations for first-quarter sales and profit. The increase in sales was mainly driven by heightened defense spending worldwide and strong demand for key weapons systems like HIMARS and GMLRS. Additionally, Lockheed won contracts including a $17 billion deal with the U.S. Missile Defense Agency and a AUD$500 million contract with Australia's Department of Defence for an advanced air and missile defense system.
Full articleSummary: Oracle Corp. plans to establish its world headquarters in Nashville, Tennessee, known for its presence in the U.S. health care industry. The company intends to bring 8,500 jobs and invest over $1 billion in the city over a decade, with plans for a riverfront campus including various facilities like a community clinic, hotel, and restaurant.
Full articleSummary: General Dynamics Electric Boat Corp. was awarded a $53,557,623 contract modification for continued maintenance support of submarines at Naval Submarine Support Facility New London.
Full articleSummary: Oracle Corp. has announced plans to establish its world headquarters in Nashville, Tennessee, a city known for its prominence in the U.S. health care industry. The new campus will bring 8,500 jobs and over $1 billion in investment to Nashville over a decade.
Full articleSummary: Pope Francis met with Cisco Systems' CEO Chuck Robbins after Robbins signed the 'Rome Call for AI Ethics,' promoted by the Pontifical Academy for Life to ensure human beings and nature are at the heart of AI development.
Full articleSummary: UK competition watchdog is scrutinizing big tech involvement in artificial intelligence startups by Microsoft and Amazon, asking for comments on deals including Microsoft's investment in Mistral and Amazon's investment in Anthropic. The CMA is concerned about potential control over rivals and competition stifling.
Full articleSummary: Ford Motor Co. beat expectations in the first quarter with adjusted earnings per share of 49 cents and revenue of $42.8 billion due to strong sales of work trucks.
Full articleSummary: Hess Corp sets record date for shareholder vote on proposed merger with Chevron Corp, while Exxon Mobil and CNOOC Ltd seek first refusal right on Hess' stake in Guyana oil block.
Full articleSummary: McDonald's (MCD) stock closed at $276.75 with a -0.05% movement. Company is set to announce earnings on April 30, 2024, with projected EPS of $2.70 and revenue of $6.17 billion. Zacks Rank of #3 (Hold) and industry rank in the bottom 37%.
Full articleSummary: Oracle, a tech giant specializing in database management, is considering relocating its headquarters from Austin to Nashville. Co-founder Larry Ellison suddenly announced the move, citing Nashville's healthcare market as a main reason for the potential transition.
Full articleSummary: Amazon's $4 billion investment in AI firm Anthropic is facing a potential antitrust probe in the U.K. due to concerns about competition. The U.K. Competition and Markets Authority is investigating the partnership between the two companies along with Microsoft's other collaborations in the AI market.
Full articleSummary: Rumors suggest that Apple's iPhone 17 Plus will sport a smaller screen size compared to the current iPhone models. The change is believed to differentiate the Plus model from the more expensive Pro Max and cater to customer preferences for a size in between the regular and Pro Max sizes.
Full articleSummary: BlackRock money market fund tokenized on the Hedera blockchain leads to a 96% rally in HBAR token price. Despite misconceptions, BlackRock was only 'aware' of the move, not actively involved. HBAR price hits two-year high at $0.175.
Full articleSummary: International Business Machines Corp. dropped about 9% in extended trading due to weak consulting unit sales overshadowing acquisition of HashiCorp Inc., IBM reported $14.5 billion in first-quarter sales and reiterated a $12 billion free cash flow outlook for the year, IBM announced acquiring HashiCorp for $6.4 billion to focus on high-growth software and services.
Full articleSummary: Cisco Systems, Inc. (CSCO) is argued to have a low valuation despite its AI relevance, with potential for significant growth from incorporating AI features into its core businesses. Collaboration with Nvidia to deliver AI infrastructure solutions is highlighted. Analysts project an underestimation of its EPS growth potential.
Full articleSummary: Starbucks (SBUX) stock outperformed the S&P 500 in the recent trading session. The company is expected to announce its earnings on April 30, 2024, with positive growth predictions for EPS and revenue. Starbucks holds a Zacks Rank of #4 (Sell) with a premium valuation compared to its industry. The Retail - Restaurants industry, to which Starbucks belongs, is currently ranked in the bottom 37% among all industries.
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