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May 16, 2024 5:52 AM - Parth Sanghvi
JP Morgan Upgrades Bharti Airtel Ltd. (BRTI) to 'Overweight' on Strong Earnings Potential"
JP Morgan analysts have upgraded Bharti Airtel Ltd. (NS:BRTI) to an "overweight" rating and raised their price target on the telecom operator, citing expectations of stronger earnings potential driven by increased tariffs in India and improved returns on capital. The upgrade from JP Morgan includ...
May 16, 2024 5:51 AM - Parth Sanghvi
Honda (HMC) to Double Investment in Electrification and Software to $65 Billion by 2030
Honda Motor (NYSE:HMC) has announced its ambitious plan to double its investment in electrification and software development, aiming to allocate approximately $65 billion over the next decade, through the 2030 business year. During a press conference, Honda's CEO Toshihiro Mibe revealed the autom...
May 16, 2024 5:50 AM - Parth Sanghvi
Pfizer Settles Zantac Lawsuits for Up to $250 Million Over Cancer Risks
Pfizer (NYSE:PFE) has reached a significant settlement agreement to resolve over 10,000 lawsuits in the United States concerning the cancer risks associated with its discontinued heartburn drug, Zantac. According to a report by the Financial Times on Thursday, the pharmaceutical giant will pay up to...
May 16, 2024 5:48 AM - Parth Sanghvi
Avinger Inc. Expands Market Reach with Strategic Partnership in China"
Avinger Inc. (NASDAQ: AVGR), a leading medical device company specializing in image-guided therapies, has announced a significant strategic partnership with Zylox-Tonbridge aimed at expanding its market presence in the greater China region. The partnership entails a substantial $15 million investmen...
May 16, 2024 5:47 AM - Parth Sanghvi
Berkshire Hathaway Makes Major Investment Move with Chubb Ltd Stake
Warren Buffett's renowned investment firm, Berkshire Hathaway Inc (NYSE:BRKa), made headlines on Wednesday with the revelation of its substantial $6.72 billion stake in Chubb Ltd (NYSE:CB), sending shares of the insurer soaring to record highs in aftermarket trading. Key Highlights: Significan...
May 16, 2024 5:46 AM - Parth Sanghvi
Cisco Systems (CSCO) Upgrades Revenue Forecast on Better-Than-Expected Q3 Results"
Cisco Systems (NASDAQ:CSCO) has announced an upgrade to its annual revenue forecast following the release of its fiscal third-quarter results, which surpassed market expectations despite a slight dip in revenue. The network equipment maker reported firmer margins, which helped offset the decline in ...
May 16, 2024 5:45 AM - Parth Sanghvi
BT Group (BT) Shares Surge on New CEO's Promises Amid Disappointing Quarterly Results"
BT Group (LON:BT) saw its shares soar by 11% to 125.5p in early trading, fueled by optimism surrounding the telecom giant's new CEO, Allison Kirkby (NYSE:KEX), and her ambitious plans to revitalize the company. Despite offering another disappointing quarter to end the previous year, BT Group repo...
May 16, 2024 5:44 AM - Parth Sanghvi
Baidu (BIDU) First Quarter Earnings Report: A Mixed Bag
Baidu (NASDAQ: BIDU) reported first-quarter EPS of ¥16.10, aligning precisely with the analyst estimate of ¥16.10. However, revenue for the quarter came in slightly below expectations, at ¥31.14B compared to the consensus estimate of ¥31.43B. Baidu's stock price closed at ¥110.75, reflecting a 3....
May 16, 2024 5:42 AM - Parth Sanghvi
EasyJet CEO Succession Plan: What Lies Ahead for the Budget Carrier?
London-listed shares in EasyJet (LON:EZJ) slipped in early trading on Thursday after the budget carrier announced that Chief Executive Johan Lundgren will be stepping down in 2025. Lundgren has spent seven years at the firm after coming over to the business from travel group Tui. During his tenur...
May 16, 2024 5:31 AM - Parth Sanghvi
SHIB, BONE and LEASH - Price Behaviour Explained
The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on the X social media platform (formerly known as Twitter) to issue an announcement about the SHIB, BONE, and LEASH price behavior she expects to see during a hypothetical approaching altcoin season. She explained,...
May 16, 2024 5:30 AM - Parth Sanghvi
MicroStrategy Chairman Michael Saylor has shared an epic reaction to Bitcoin's (BTC) rise on the release of the Consumer Price Index (CPI) data.
Michael Saylor's Reaction As of the latest CoinMarketCap data, Bitcoin is trading at $64,222, representing a 3.98% increase in the past 24 hours. This spike in Bitcoin's price is quite notable as the cryptocurrency has failed to cross the $64,000 mark in recent times. Notably, the surge comes ...
May 16, 2024 5:29 AM - Parth Sanghvi
The US has charged two brothers with a unique $25 million bitcoin heist.
Two brothers who studied at the Massachusetts Institute of Technology were arrested on Wednesday on U.S. charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchain's integrity and steal $25 million worth of cryptocurrency. Novel Scheme Uncovered Federal prosecutors ...
May 16, 2024 5:28 AM - Parth Sanghvi
Spot Bitcoin ETF: Why Vanguard Could Finally Join BlackRock
It appears that Vanguard, the $7.7 trillion investment management company, might be poised to enter the spot Bitcoin ETF ecosystem with a potential new backer. This development comes as Vanguard welcomes its new chief executive officer (CEO), Salim Ramji, who brings with him a wealth of experience f...
May 16, 2024 5:25 AM - Parth Sanghvi
Bitcoin Price Rises Amidst Weaker Dollar Following CPI Data
The spot Bitcoin ETF ecosystem may soon get a new mega backer in Vanguard. Though speculative, the $7.7 trillion investment management company might chart a new era, seeing as it just named a new chief executive officer (CEO), Salim Ramji. Ramji is set to replace Tim Buckley, the leader who resisted...
May 16, 2024 5:24 AM - Parth Sanghvi
Bitcoin Halving Forces Inefficient Miners Offline, Hash Rate Drops
The latest Bitcoin halving, which slashed the block reward from 6.25 BTC to 3.125 BTC, has forced less efficient mining rigs offline as miner revenues dropped to levels equivalent to a Bitcoin price of around $30,000, BTIG said in a research report on Wednesday. Transaction fees, which spiked to ...
May 16, 2024 1:00 AM - Alex Lavoie
Canaan Inc. Gears Up for Earnings Amid Challenges
Canaan Inc. (NASDAQ:CAN), a key player in the technology sector known for its blockchain and cryptocurrency mining operations, is gearing up to release its quarterly earnings report on May 17, 2024, before the market opens. Wall Street's expectations point towards an earnings per share (EPS) of -$0....
May 16, 2024 12:06 AM - Alex Lavoie
Yield10 Bioscience, Inc. Q1 Financial Performance Highlights
Yield10 Bioscience, Inc. (NASDAQ:YTEN), an innovative agricultural bioscience company, recently shared its financial outcomes for the first quarter ending March 31, 2024. The company's focus on developing sustainable agricultural products, particularly those aimed at enhancing the nutritional value ...
May 16, 2024 12:00 AM - Stuart Mooney
International Consolidated Airlines Group SA Quarterly Earnings Insight
International Consolidated Airlines Group SA (LSE:IAG), known as ICAGY in the United States, is gearing up for its quarterly earnings release on Friday, May 17, 2024. Wall Street's eyes are on the anticipated earnings per share (EPS) of approximately -$0.00157 and a revenue forecast of around $6.82 ...
May 15, 2024 10:07 PM - Rayan Ahmad
Prime Energy Corporation Receives Buy Rating from Citigroup
On Wednesday, May 15, 2024, Citigroup made a significant move by upgrading the stock grade of Prime Energy Corporation (NASDAQ:PRME) to Buy from Neutral. This upgrade by a major financial institution signals a strong vote of confidence in the company's future performance. At the time of this upgrade...
May 15, 2024 10:00 PM - Rayan Ahmad
Dynatrace, Inc. Q4 2024 Earnings Conference Call Highlights
Dynatrace, Inc. (NYSE:DT), a leading software intelligence company, recently held its Q4 2024 Earnings Conference Call, revealing its financial performance for the last quarter of the fiscal year 2024. The company, known for its cloud software that helps monitor and manage the performance of applica...
