According to a person with direct knowledge of the matter, Microsoft (NASDAQ:MSFT) has disbanded the four-month-old metaverse application team that aims to help customers use the metaverse in an industrial setting. The person said that all about 100 employees of the team have been laid off.
Microsoft (NASDAQ:MSFT) has disbanded the Industrial Metaverse Applications team Read Post »
Bank of America: Lowered its price target on Tyson Foods, Inc. (NYSE:TSN) to $56 from $62, underperforming the market.
Bank of America: Lowered Tyson Foods, Inc. (NYSE:TSN) price target to $56 from $62 Read Post »
According to a report by Jefferies, Microsoft (NASDAQ:MSFT) uses OpenAI’s next-generation language model to release artificial intelligence updates to search engines Bing and Edge, and it is expected that search improvements will help long-term advertising revenue. However, the bank mentioned that it will take time to push users to use Bing again, and Microsoft needs to pry advertisers away from Google, so it only regards such updates as the tip of the iceberg of the group’s artificial intelligence capabilities, and believes that there will be the greatest opportunity in enterprise applications. Jefferies raised its price target on Microsoft to $310 from $275 and maintained its Buy rating.
Jefferies: Raised Microsoft’s (NASDAQ:MSFT) price target to $310 with a Buy rating Read Post »
Deutsche Bank: Raised its price target on Fox Corp (NASDAQ:FOXA) to $40 from $39.
Deutsche Bank: Raised its price target on Fox Corp (NASDAQ:FOXA) to $40 from $39 Read Post »
Deutsche Bank: Raised Uber Technologies (NYSE:UBER) price target from $40 to $42.
Deutsche Bank: Raised Uber Technologies (NYSE:UBER) price target from $40 to $42 Read Post »
JPMorgan: Raised its Exxon Mobil (NYSE:XOM) price target to $120 from $119.
JPMorgan: Raised its Exxon Mobil (NYSE:XOM) price target to $120 from $119 Read Post »
CEO of Hilton Worldwide Holdings Inc. (NYSE:HLT): Hotel room reservations have recovered to 2019 levels in the fourth quarter of 2022 and will return to 6-7% annual growth in the coming years.
Rosenblatt: Raised Disney (NYSE:DIS) price target to $129 from $120.
Rosenblatt: Raised Disney (NYSE:DIS) price target to $129 from $120 Read Post »
Oppenheimer: Raised Uber Technologies (NYSE:UBER) price target from $45 to $55.
Oppenheimer: Raised Uber Technologies (NYSE:UBER) price target from $45 to $55 Read Post »
Rosenblatt: Raised its Fox Corp (NASDAQ:FOXA) price target to $35 from $31.
Rosenblatt: Raised its Fox Corp (NASDAQ:FOXA) price target to $35 from $31 Read Post »
CEO of Abbvie Inc. (NYSE:ABBV): has the ability to conduct larger M&A activity.
CEO of Abbvie Inc. (NYSE:ABBV): has the ability to conduct larger M&A activity Read Post »
Global consumer goods giant Unilever Plc (NYSE:UL) expects pricing to continue to rise in 2023, driven by raw material inflation and rising production and logistics costs. In addition to the price increase, Unilever is also continuing to cut its product line, including slashing thousands of items, canceling 50-60 regional brands, and reducing ice cream product options.
Unilever Plc (NYSE:UL) confirms continued price increases in 2023 Read Post »