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Southwest Quits Four Airports in Cost-Cutting Drive: The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in ...
nytimes.com/2024/04/25/business/southwest-airlines-boeing-airports.html
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Bitcoin falls below $64,000 as Meta, Microsoft and Google continue to drop: Slow economic growth and weak earnings reports in the tech sector have led to a ...
qz.com/bitcoin-ether-meta-ibm-microsoft-google-alphabet-1851435315
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Meta, Microsoft, and Google used 2.2 billion cubic meters of water to cool and power their data centers last year. As artificial intelligence technologies grow ... Show more
Who could buy TikTok?: The clock has begun ticking for TikTok to find a new owner.
cnn.com/2024/04/25/tech/who-could-buy-tiktok/
Quick Glance: Potential Buyers for TikTok Revealed
- The clock is ticking for TikTok to find a new owner. President Joe Biden signed a law that could ban TikTok in the US unless ByteDance sells the app. Possible buyers range from tech companies to retailers and investment bankers.
- Established tech giants like Meta or Google are unlikely buyers due to antitrust hurdles. Large companies with deep pockets face regulatory skepticism, although they could have the resources to purchase TikTok.
- Microsoft, which has shown interest in TikTok in the past, may have another opportunity after successfully navigating antitrust scrutiny with the Activision Blizzard deal. Oracle and former US government officials like Steven Mnuchin are also potential buyers.
- Mnuchin has announced assembling a team of investors to acquire TikTok. His offer, however, might exclude TikTok's algorithm, sparking controversial discussions. Other potential buyers like Kevin O'Leary are also considering acquiring TikTok, with O'Leary suggesting an initial bid between $20 and $30 billion.
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
Southwest Airlines flight attendants ratify new contract: Southwest Airlines' flight attendants on Wednesday voted in favor of a new contract with an immediate ...
reuters.com/business/aerospace-defense/southwest-airlines-flight-attendants-ratify-new-contract-2024-04-24/
Merck raises 2024 profit forecast on strong sales of cancer drug Keytruda: Merck & Co on Thursday raised its annual profit and revenue forecasts on the back of ...
reuters.com/business/healthcare-pharmaceuticals/merck-raises-2024-profit-forecast-strong-cancer-hpv-drugs-sales-2024-04-25/
Caterpillar (CAT) Profit Beats Estimates as Pricing Offsets Sales Dip: Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from ...
bloomberg.com/news/articles/2024-04-25/caterpillar-profit-beats-estimates-as-pricing-offsets-sales-dip
Walgreens Is Opening a New Pharmacy For Cell and Gene Therapies: Walgreens Boots Alliance Inc. is opening a new center dedicated to bringing emerging cell and ...
bloomberg.com/news/articles/2024-04-25/walgreens-is-opening-a-new-pharmacy-for-cell-and-gene-therapies
JPMorgan Chase CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s.
"Yes ... Show more yhoo.it/3WfdAU6
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Goldman and Citadel Securities back Howard Lutnick’s renewed tilt on futures market
ft.com/content/8b6a724f-07ab-4592-905f-b6eca6bdc974
Airbus Lifts A350 Jet Output, Highlighting Edge Over Boeing: Airbus SE will further increase production of its advanced A350 widebody jet as the planemaker ...
bloomberg.com/news/articles/2024-04-25/airbus-lifts-output-for-a350-highlighting-edge-over-rival-being
Caitlin Clark to sign new Nike deal valued at $28 million over 8 years, reports say
apnews.com/article/caitlin-clark-nike-3ea6a96e0b830b66b4680cc5318de9e4
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
Billionaires race to buy TikTok after Chinese owners ordered to sell app — with Steve Mnuchin in the lead
nypost.com/2024/04/25/business/wall-street-and-tech-billionaires-race-to-buy-banned-tiktok/
Quick Glance: Biden Signs TikTok Ban Bill Into Law, ByteDance Forced to Sell
- After signaling his intention, President Joe Biden signs the foreign aid package including the TikTok ban bill into law.
- The U.S. Senate passes a bill forcing ByteDance to sell TikTok or face a ban.
- ByteDance has nine months to sell TikTok to comply with the law.
- The U.S. government has been persistent in trying to ban TikTok due to national security concerns.
HashiCorp: IBM's Big Deal? Cash In Now: International Business Machines acquires HashiCorp for $35 per share in cash. Read more to see my recommendation for HCP ...
seekingalpha.com/article/4686078-hashicorp-ibm-big-deal-cash-in-now
Paid articlePaid India Stands Out for Cheap Bonds as JPMorgan Index Date Nears: Indian equities have soared to become among the world’s most expensive, yet its bonds appear ...
bloomberg.com/news/articles/2024-04-25/india-stands-out-for-cheap-bonds-as-jpmorgan-index-date-nears
If you want to work at JPMorgan, CEO Jamie Dimon has these tips.
Watch his full conversation with WSJ Editor in Chief Emma Tucker: www.wsj.com/video/series/in-depth-features/jamie-dimon-on-the-economy-geopolitical-risks-and-ai-full-interview/5145E3B2-B2C4-4CAA-866D-B4792504E7BB
Meta and Tesla: A Tale of 2 CEOs. Why Musk’s AI Plan Trumps Zuckerberg’s, and 5 Other Things to Know Before Markets Open.
barrons.com/articles/meta-tesla-stock-what-to-know-today-29ea8baa
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American Airlines Stock, Southwest Diverge. Boeing Casts Shadow Over Q1 Earnings.
investors.com/news/american-airlines-stock-southwest-airlines-stock-earnings/
CLO Strategy Selectively Adds Risk Amid Rally: CLOs rallied across the capital stack for the fifth consecutive month alongside better-than-feared earnings and ...
seekingalpha.com/article/4686073-clo-strategy-selectively-adds-risk-amid-rally
Paid articlePaid Polaris Global Equity Composite Q1 2024 Commentary: Global equity markets enjoyed consecutive months of gains, with the MSCI World Index returning 9 ...
seekingalpha.com/article/4686064-polaris-global-equity-composite-q1-2024-commentary
DR Congo presses Apple over minerals supply chain, lawyers say: Democratic Republic of Congo is pushing Apple Inc for information about its supply chain over ...
reuters.com/markets/commodities/dr-congo-presses-apple-over-minerals-supply-chain-lawyers-say-2024-04-25/
She's currently six months pregnant with her fourth child. www.mirror.co.uk/news/uk-news/mum-took-cocaine-funeral-before-32666846
Apple loses top spot in China market with shipments down 6.6% in Q1, data shows: Apple lost its crown as China's biggest smartphone seller in the first quarter ...
reuters.com/technology/apple-loses-top-spot-china-market-with-shipments-down-66-q1-data-shows-2024-04-25/
IBM falls as enterprise-spending constraints choke consulting demand: Shares of International Business Machines fell more than 8% in premarket trading on ...
reuters.com/technology/ibm-falls-enterprise-spending-constraints-choke-consulting-demand-2024-04-25/
Environmental pollution: 56 large corporations are responsible for half of the world's plastic waste
spiegel.de/wirtschaft/unternehmen/56-grosskonzerne-sind-fuer-die-haelfte-des-weltweiten-plastikmuells-verantwortlich-a-a445011c-1a6c-468c-a607-52809cf8d757
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys
seekingalpha.com/article/4685904-marchs-dividend-portfolio-update-sets-new-all-time-record-100-holdings-21-buys
Paid articlePaid Southwest Airlines Earnings Are Likely to Reveal Its True Exposure to Boeing: Southwest Airlines' earnings may be dominated by its reliance on Boeing and ...
barrons.com/articles/southwest-airlines-earnings-stock-price-4f6481b2
Paid articlePaid
Sundar Pichai admits the generative AI boom took Google by surprise: Despite saying he recognized AI's significance years ago, Sundar Pichai said he had a ...
businessinsider.com/sundar-pichai-google-generative-ai-boom-surprise-2024-4
JPMorgan Is Considering Two Synthetic Risk Transfers as Market Heats Up: JPMorgan Chase & Co. is sounding out investors about a pair of large synthetic risk ...
bloomberg.com/news/articles/2024-04-24/jpmorgan-is-considering-two-synthetic-risk-transfers-as-market-heats-up
Russian Court Freezes JPMorgan Assets Under $440 Million Claim: A St. Petersburg court froze the Russian assets of JPMorgan Chase & Co ...
bloomberg.com/news/articles/2024-04-24/russian-court-freezes-jpmorgan-assets-under-440-million-claim
Paid articlePaid IBM Falls on Weak Consulting Sales, Overshadowing HashiCorp Deal: International Business Machines Corp. dropped about 9% in extended trading after the company’s ...
bloomberg.com/news/articles/2024-04-24/ibm-reports-consulting-slump-overshadowing-hashicorp-deal
Paid articlePaid Goldman Sachs Sells 7.5% Preferred for Institutional Market. How Retail Investors Can Get Them.
barrons.com/articles/goldman-preferred-institutional-market-0c9108af
Paid articlePaid The iPad may finally be getting a major revamp, with Apple saying that it would host an event on May 7 www.reuters.com/technology/apple-says-it-will-hold-event-may-7-2024-04-23/
Quick Glance: Apple announces event on May 7
- Apple will host an event on May 7, where the long-awaited revamped versions of the iPad Pro and iPad Air are expected to be revealed.
- These new models would signify Apple's first major overhaul of this product line since 2018, as iPad sales have decreased, prompting the company to introduce new products to stimulate demand.
- In the first quarter, iPad sales dropped by 25% to $7.02 billion, alongside a slowdown in iPhone sales.
- The event is scheduled to commence at 7 a.m. PT, corresponding to 2 p.m. GMT, and Apple is also preparing for its Worldwide Developers Conference from June 10 to June 14.
Biden is giving $6 billion to Micron for a semiconductor project in upstate New York
npr.org/2024/04/25/1246888804/biden-chips-syracuse-micron
Bill Gates and Sam Altman invest in nuclear power and you should too, financial adviser says
qz.com/bill-gates-sam-altman-nuclear-power-energy-stocks-1851432722
Sell-off or start of the next rally? Goldman Sachs with clear forecast for the market
boerse-online.de/nachrichten/aktien/abverkauf-oder-start-der-naechsten-rallye-goldman-sachs-mit-eindeutiger-prognose-fuer-den-markt-20356182.html
Cisco says hackers subverted its security devices to spy on governments: Technology firm Cisco Systems said that hackers have subverted some of its digital ...
reuters.com/technology/cybersecurity/cisco-says-hackers-subverted-its-security-devices-spy-governments-2024-04-24/
US to decide by late May if Boeing violated prosecution deal, sources say: U.S. Department of Justice officials are planning to decide as soon as late May ...
reut.rs/3wboLCz
Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
Moody’s Ratings downgraded Boeing’s credit rating to Baa3 from Baa2, according to a statement Wednesday. The rating outlook is negative. www.bloomberg.com/news/articles/2024-04-24/moody-s-slashes-boeing-s-credit-rating-to-one-step-from-junk
JPMorgan (JPM) Trading Desk Model Flashes ‘Buy’ Signal for US Stocks: A JPMorgan Chase & Co. indicator is flashing a resounding buy signal in US stocks ...
bloomberg.com/news/articles/2024-04-24/jpmorgan-s-trading-desk-says-s-p-500-is-ripe-for-further-gains
Caitlin Clark Nike Deal Should Worry the WNBA: The league’s (ahem) modest pay scale was meant to maintain competitive balance, but outside money changes ...
bloomberg.com/opinion/articles/2024-04-25/caitlin-clark-nike-deal-should-worry-the-wnba
Paid articlePaid Microsoft-backed Rubrik prices US IPO above range at $32/shr: Rubrik , the cybersecurity software startup that counts Microsoft among its investors ...
reuters.com/markets/deals/microsoft-backed-rubrik-prices-ipo-above-range-32-per-share-source-says-2024-04-24/
Microsoft (MSFT), Alphabet (GOOGL) Face a ‘Show Me’ Moment After Meta Misfire: The stakes are high as two of the biggest artificial intelligence players prepare ...
bloomberg.com/news/articles/2024-04-25/microsoft-alphabet-face-a-show-me-moment-after-meta-misfire
Jamie Dimon says US has less than 50% odds of nailing a soft landing: "It looks a little bit more like the '70s to me, and I point out to a lot of people ...
businessinsider.com/jamie-dimon-soft-landing-outlook-recession-inflation-jpmorgan-geopolitics-2024-4
Walmart CEO Doug McMillon shares how to move up the corporate ladder: Walmart CEO Doug McMillon started at the company 40 years ago earning $6 ...
businessinsider.com/walmart-ceo-doug-mcmillon-how-to-move-up-corporate-ladder-2024-4
LSEG Says Microsoft Tie-Up to Release Products Within Months: London Stock Exchange Group Plc plans to release a number of products generated by its data ...
bloomberg.com/news/articles/2024-04-25/lseg-says-microsoft-tie-up-to-release-products-within-months
G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
bloomberg.com/news/articles/2024-04-25/g42-allies-with-us-over-china-in-global-ai-conflict
Paid articlePaid These Stocks Are Moving the Most Today: Meta, IBM, Ford, Anglo American, Microsoft, Alphabet, and More
barrons.com/articles/stock-market-movers-f298e9b0
Paid articlePaid
Fallout 76 has now welcomed 1m players in a single day, six years after broken launch
eurogamer.net/fallout-76-has-now-welcomed-1m-players-in-a-single-day-six-years-after-broken-launch
Goldman Plans to Add Headcount in Asia to Woo Super Wealthy: ST: Goldman Sachs Group Inc. plans to hire “steadily” in Asia to cater to the growing number of ...
bloomberg.com/news/articles/2024-04-24/goldman-plans-to-add-headcount-in-asia-to-woo-super-wealthy-st
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Stores closing include Family Dollar, Express, and Macy's in 2024: Family Dollar plans to close at least 600 locations in 2024, and eight other retail chains are ...
businessinsider.com/stores-closing-in-2024-list
Paid articlePaid
JetBlue's in-flight entertainment system just got a watch party feature: JetBlue's in-flight entertainment system just got a watch party feature ...
engt.co/44bOmYH
Vote no to bashing proxy advisers: Jamie Dimon is a busy man. Yet the JPMorgan boss found time to devote more than a page of his annual letter to shareholders ...
reuters.com/breakingviews/vote-no-bashing-proxy-advisers-2024-04-25/
Goldman Sachs Sells 7.5% Preferred for Institutional Market. How You Can Get Them.
on.barrons.com/3JAw9dM
Amazon’s Fallout success reveals a big problem with the video game business: Amazon's Fallout series is a hit, but unsustainably long development timelines ...
digitaltrends.com/gaming/fallout-tv-show-video-game-problem/
Windows 11 update brings advertisements to the start menu: Microsoft is embedding ads from apps listed in its store on Windows 11's Start menu with the hope it ...
tomshardware.com/software/operating-systems/windows-11-update-brings-advertisements-to-the-start-menu
Caterpillar, Deere inventories in focus as machinery demand plateaus: Equipment inventories will be in focus when Caterpillar , Deere and CNH Industrial report ...
reuters.com/business/caterpillar-deere-inventories-focus-machinery-demand-plateaus-2024-04-24/
LATAM scraps plan to acquire Boeing B737s after talks end with bankrupt Gol: LATAM Airlines said on Wednesday that it was no longer seeking to acquire Boeing ...
reuters.com/business/aerospace-defense/latam-scraps-plan-acquire-boeing-b737s-after-talks-end-with-bankrupt-gol-2024-04-24/
Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
apnews.com/article/microsoft-amazon-anthropic-ai-investment-scrutiny-a52f6409fa6ee9b335ab6801b8e84cde
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
Airlines Have New Rules. Here Are Your Rights for Cancellations and Refunds.: The Biden administration unveiled new Transportation Department rules Wednesday ...
barrons.com/articles/airlines-rules-refunds-cancellations-d42b6e51
Paid articlePaid Boeing’s Revival Roadmap Put to Test by Dwindling Time and Cash: Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise ...
trib.al/BuwYdMY
A global study just revealed the world’s biggest known plastic polluters: Coca-Cola and PepsiCo came in at the top of a global audit of plastic waste.
washingtonpost.com/climate-environment/2024/04/24/plastic-pollution-companies-responsible/
Goldman Sachs, BofA shareholders reject proposals for CEO-chair split: Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO ...
reuters.com/business/finance/goldman-ceos-leadership-criticized-by-ethics-group-annual-meeting-2024-04-24/
JPMorgan's Jamie Dimon Has a Tech Rival: Silicon Valley Bank: JPMorgan and HSBC are among banks trying to capture the startup market, but the California ...
bloomberg.com/opinion/articles/2024-04-24/jpmorgan-s-jamie-dimon-has-a-tech-rival-silicon-valley-bank
Child of tech billionaires reported missing in San Francisco: Mint Butterfield, the 16-year-old child of tech billionaires who cofounded Flickr and Slack ...
businessinsider.com/child-of-tech-billionaires-mint-butterfield-missing-san-francisco-2024-4
Home Depot Halfway to Halloween sale: 12-foot skeleton, skeleton dog to arrive April 25
mashable.com/article/home-depot-halfway-to-halloween-2024-12-foot-skeleton-dog
Retailer Walmex's quarterly profit jumps on more stores, higher wages: Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in ...
reuters.com/business/retail-consumer/walmart-mexico-posts-14-rise-q1-net-profit-2024-04-24/
Quick Glance: Retail Giant Walmex's Quarterly Profit Surges Due to Expansion and Wage Increases
- Walmart's Mexico and Central America unit saw a 14.4% year-on-year increase in first-quarter net profit, driven by strong sales attributed to Mexicans' higher disposable income.
- The retailer's quarterly revenue rose by 9.8% to 226.19 billion pesos, surpassing analyst estimates.
- Operating income for the quarter increased by 10.3% to 24.62 billion pesos, with an improved performance compared to sales growth.
- Current CEO Guilherme Loureiro will step down at the end of the month, with Ignacio Caride proposed to succeed him as Walmex's CEO and chairman of the board.
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