15 April

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Nvidia Up on Analyst Buys; Intel Gets Slammed By Investing.com

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By Christiana Sciaudone Investing.com -- Nvidia (NASDAQ:NVDA) jumped almost 5% as two analysts threw their support behind the company, with one dumping on Intel (NASDAQ:INTC). JPMorgan (NYSE:JPM) and Raymond James see strong sales ahead, with the latter pushing Nvidia to a strong buy from an outperform. Intel, on the other hand, has a bumpy road ahead, Raymond James analyst Chris Caso said in a note, downgrading shares to underperform from market perform. Intel rose 0.6%. Chips are in massive demand amid a global shortage, pushing prices up and delaying production of items requiring electronic components, from...

15 April

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Norway postpones decision on AstraZeneca vaccine By Reuters

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OSLO (Reuters) - Norway will take more time to assess whether to resume the use of the AstraZeneca (NASDAQ:AZN) vaccine against COVID-19 or stop it altogether, health minister Bent Hoeie said on Thursday. Norway's Institute of Public Health recommended ending the use of the AstraZeneca vaccine, in line with a Danish decision announced on Wednesday, but the government needs more information before making a final call, the minister said. Norway on March 11 suspended the rollout of the vaccine after a small number of younger inoculated people were hospitalised for a combination of blood clots, bleeding...

15 April

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Citigroup profit triples, exits some overseas consumer units By Reuters

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By David Henry (Reuters) -Citigroup Inc trounced analysts' first-quarter profit estimates on Thursday as its outlook for an economic recovery driven by vaccinations and government stimulus allowed it to release reserves set aside for loan losses from the pandemic. Like JPMorgan Chase & Co (NYSE:JPM), which reported earnings on Wednesday, Citi benefited from a boom in capital markets activity, but its consumer bank felt the impact of low interest rates that hurt earnings. Revenue fell 7% on low interest rates and a 10% decline in loans, largely due to lower consumer credit card loan balances....

15 April

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UK’s Johnson says tackling health service waiting lists is a real priority By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson said tackling waiting lists for operations in England's national health service (NHS) was a real priority after data showed 4.7 million people were waiting for routine procedures, the highest number since 2007. "This is a real priority now for our country, 4.7 million people on waiting lists," he told broadcasters on Thursday. "We will make sure we give the NHS all the funding that it needs, as we have done throughout the pandemic, to beat the backlog." ...

15 April

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U.S. imposes wide array of sanctions on Russia for ‘malign’ actions By Reuters

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By Trevor Hunnicutt and Arshad Mohammed WASHINGTON (Reuters) - The United States on Thursday imposed a broad array of sanctions on Russia to punish it for alleged interference in U.S. elections, cyber-hacking, bullying Ukraine and other "malign" acts. The measures blacklisted Russian companies, expelled Russian diplomats and placed limits on the Russian sovereign debt market in steps sure to anger Moscow. Among the actions, President Joe Biden issue an executive order authorizing the U.S. government to sanction any sector of the Russian economy and used it to restrict Russia's ability to issue sovereign debt to punish...

15 April

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Nissan to slash production in Japan in May due to chip shortage -sources By Reuters

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By Maki Shiraki TOKYO (Reuters) - Nissan Motor Co will slash production at several factories in Japan next month due to a critical shortage ofsemiconductors, three sources with direct knowledge of the plantold Reuters on Thursday. Japan's third-largest automaker will idle its factory in Kyushu, southern Japan, for eight days between May 10 and 19,the sources said, declining to be identified because the plan isnot public. The plant, which assembles the Serena minivan,X-Trail SUV and other models, will aim to make up for lostproduction once the supply of chips returns, the people said....

15 April

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Apple creates fund for ‘working forests’ as part of carbon-removal efforts By Reuters

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By Stephen Nellis (Reuters) - Apple Inc (NASDAQ:AAPL) has created a $200 million fund to invest in timber-producing forest properties that will be managed to help remove carbon from the atmosphere while also generating a profit, it said on Thursday. Apple last year set out a goal to neutralize its own carbon emissions and those of its suppliers by 2030. It said 75% of the reduction would come from eliminating emissions through steps such as the use of solar energy and the remaining 25% would come from carbon removal efforts. Apple and nonprofit Conservation International...

15 April

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Delta Sticks With Profit Outlook as Travel Rebound Advances By Bloomberg

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(Bloomberg) -- Delta Air Lines Inc (NYSE:DAL). is sticking to its forecast for a profitable third quarter as rising U.S. vaccination rates stoke a resurgence in travel. The carrier still sees a path to profitability by late summer after deep losses from the coronavirus pandemic, Chief Executive Officer Ed Bastian said in an earnings statement Thursday. A “surge” in demand already helped Delta stop burning cash in March, he said, a sign of improvement after a first quarter in which the company posted a bigger-than-expected loss. “Travelers are gaining confidence and beginning to reclaim their...

15 April

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BlackRock quarterly profit beats estimates as assets rise over $9 trln By Reuters

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By Ambar Warrick (Reuters) -BlackRock Inc, the world's largest asset manager, reported first-quarter profit ahead of Wall Street estimates as strong capital markets helped attract more money to its diverse funds. The firm reported $172 billion net inflows to its various funds such as exchange-traded and active funds that aim to beat the market. Net income rose to $1.2 billion, or $7.77 per share, in the three months ended March 31, from $1.03 billion, or $6.60 per share, a year earlier. The reading was above the Refinitiv IBES estimate of $7.64 per share. BlackRock (NYSE:BLK)'s...

15 April

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Thermo Fisher to buy contract research firm PPD for $17.4 billion By Reuters

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(Reuters) - Thermo Fisher Scientific Inc (NYSE:TMO) said on Thursday it would acquire contract research firm PPD Inc for about $17.4 billion to expand its clinical research service business. Under terms of agreement, Thermo Fisher will acquire PPD for $47.50 per share - a premium of 10.6% to Wednesday's closing price. The transaction, which is for a total cash purchase price of $17.4 billion plus the assumption of approximately $3.5 billion of net debt, is expected to be completed by the end of 2021. Deal would be immediately and significantly accretive to Thermo Fisher's adjusted EPS,...

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Nvidia Up on Analyst Buys; Intel Gets Slammed By Investing.com

Norway postpones decision on AstraZeneca vaccine By Reuters

Citigroup profit triples, exits some overseas consumer units By Reuters

UK’s Johnson says tackling health service waiting lists is a real priority By Reuters

U.S. imposes wide array of sanctions on Russia for ‘malign’ actions By Reuters

Nissan to slash production in Japan in May due to chip shortage -sources By Reuters

Apple creates fund for ‘working forests’ as part of carbon-removal efforts By Reuters

Delta Sticks With Profit Outlook as Travel Rebound Advances By Bloomberg

BlackRock quarterly profit beats estimates as assets rise over $9 trln By Reuters

Thermo Fisher to buy contract research firm PPD for $17.4 billion By Reuters

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