Summary: Coca-Cola and Coca-Cola HBC Ireland and Northern Ireland have launched the Coca-Cola Thank You Fund 2024, encouraging non-profit community groups to apply for funding that empowers young people through education, employability, and environmental leadership.
Full articleSummary: Citigroup Inc. announced the redemption of C$56.782 million of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027 as part of its ongoing liability management strategy.
Full articleSummary: Nvidia plans to acquire Israeli startup Run:ai, a Kubernetes-based workload management and orchestration software provider, to help customers make more efficient use of their AI computing resources.
Full articleSummary: Mixed news for various companies in different sectors such as defense, toys, medical devices, hotels, and technology. Some companies beat analysts' forecasts while others fell short or trimmed their profit forecasts.
Full articleSummary: Tesla announced plans to introduce a smaller electric car priced $10,000 less than Model 3 and Model Y to cater to cost-conscious buyers. The new models may potentially be the last Tesla cars with a steering wheel if Full Self Driving works as expected. Various cost-saving measures, including using smaller wheels and lower-cost batteries, are being considered for the new Tiny lineup.
Full articleSummary: Ford reported first-quarter earnings beating analyst expectations, but Ford’s EV revenue fell 84% due to pricing pressure, despite strong sales in Q1 2024. They are adjusting their EV strategy by pushing back production and delaying the launch of some models.
Full articleSummary: Pfizer Inc. announced the declaration of a $0.42 second-quarter 2024 dividend on its common stock, payable on June 14, 2024.
Full articleSummary: Texas Instruments Incorporated (TXN) is experiencing a significant upward trend, with the stock currently at $176.37, up $10.90 or 6.59%. It is on pace for the highest close since August 1, 2023.
Full articleSummary: Nvidia's strategy of getting CUDA GPU programming language taught in universities has paid off, now expanding to AI education by collaborating with Georgia Tech to build AI Makerspace.
Full articleSummary: Meta Platforms reported strong first quarter earnings, beating analyst estimates, but provided a revenue guidance for the second quarter that fell short of expectations.
Full articleSummary: Google fired around 50 employees due to their participation in protests against the company's cloud contract with the Israeli government known as Project Nimbus, which is a $1.2 billion contract awarded to Google and Amazon.com in 2021.
Full articleSummary: GoCardless, in collaboration with Intuit QuickBooks, has introduced an integration to aid Australian small businesses in prompt payment collections through automatic bank account deductions and reconciliation in QuickBooks, addressing late payment issues faced by small businesses in Australia.
Full articleSummary: The U.S. has finalized deals with Pfizer and Moderna for 200 million more coronavirus vaccine doses, which will be used to vaccinate nearly every American. The additional doses will be available by the end of July. The Biden administration is working to speed up vaccine production and distribution.
Full articleSummary: Pfizer declared a quarterly dividend of $0.42 per share, or $1.68 annualized with a yield of 6.4 percent.
Full articleSummary: Home improvement retailer Lowe's partners with NFL prospect Drake Maye to provide materials for the 2024 NFL Draft stage and helps renovate a local veteran community center in Detroit, as part of its multiyear agreement with the NFL.
Full articleSummary: Lowe's partners with NFL prospect Drake Maye to help renovate local veteran community center in Detroit and provide materials for the 2024 NFL Draft stage, Lowe's is also a part of multiyear agreement with NFL, including tackling renovation projects for Volunteers of America Michigan during Draft week
Full articleSummary: The Charles Schwab Corporation declared a regular quarterly cash dividend of $0.25 per common share and dividends on various series of outstanding preferred stock. The dividends are payable on different dates in 2024. The company is a leading provider of financial services with a significant number of accounts and client assets.
Full articleSummary: Oracle is moving its global headquarters to Nashville to be in the heart of the nation’s fastest-growing healthcare hub.
Full articleSummary: Wells Fargo resumes coverage of APA Corp. with Overweight rating and $55 price target, emphasizing its diversified portfolio and commitment to returning free cash flow to shareholders.
Full articleSummary: Tesla's stock surged over 12% after promising cheaper EVs despite a revenue drop, while Biogen's stock rose 4.5% due to higher-than-expected sales of its Alzheimer's drug. Boeing's stock declined 4.8% following its earnings report showing a $343 million loss.
Full articleSummary: International Business Machines (IBM) agreed to acquire cloud-software company HashiCorp for $6.4 billion, buying each share at $35 in cash. The deal aims to strengthen IBM's presence in cloud and artificial intelligence, leveraging HashiCorp's client base and growth potential.
Full articleSummary: Oracle plans to move its headquarters to Nashville, Tennessee to be closer to the healthcare sector giants, following its significant expansion in healthcare with the purchase of Cerner. The healthcare industry has been a headwind for the company, but executives are optimistic about growth next year.
Full articleSummary: IBM posted disappointing earnings due to weak demand in consulting unit, announced acquisition of HashiCorp Inc., reaffirmed outlook of $12 billion in free cash flow for fiscal year
Full articleSummary: The Board of Directors of The Charles Schwab Corporation declared a regular quarterly cash dividend of $0.25 per common share and dividends on several series of preferred stock. Charles Schwab is a leading provider of financial services with a wide range of offerings.
Full articleSummary: Wells Fargo analyst Ike Boruchow maintained a Hold rating on Carter’s (CRI) and set a price target of $68.00. Carter’s shares closed at $73.86. There is negative corporate insider sentiment on the stock due to increased selling by insiders.
Full articleSummary: IBM announces acquisition of HashiCorp for $6.4 billion and reports lower-than-expected first-quarter revenue, despite beating earnings per share estimates. IBM shares declined 6% in after-hours trading but HashiCorp shares increased by 4% after the announcement.
Full articleSummary: Ford Motor Co. reported a better-than-expected quarterly profit and a 36% increase in hybrid-vehicle sales, expecting a 40% growth by 2024. However, its EV segment faced challenges with an EBIT loss of $1.3 billion.
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