Category: Business
SAP SE shares increased significantly following a report of a 25% rise in cloud revenue, driven by demand for AI services from corporate customers.
Keywords: SAP SE, cloud revenue, artificial intelligence
Source: Bloomberg
Update At: 7/23/2024
Costco announced a membership-fee increase, causing a stock drop despite positive anticipation. Analysts believe the stock underperforms after such announcements due to profit-taking. The fee hike is expected to boost Costco's profits and allow for lower product prices.
Morningstar.com
Netflix reported earnings exceeding expectations, focusing on ad-supported tier, live sports, and subscriber growth. The company is transitioning to prioritize revenue and operating margin over high growth.
CNBC
Boeing is expected to plead guilty to fraud in connection with approval of its 737 Max before two of the planes crashed, killing 346 people. The plea deal includes a $243.6 million fine and oversight of Boeing's safety procedures. The agreement does not cover any current or former Boeing officials, only the corporation.
The Associated Press
Boeing, a major US company, is facing scrutiny for safety concerns and criminal charges related to two crashes of its 737 Max planes that killed 346 people. Despite a guilty plea and penalties, critics argue that the consequences are not severe enough. The company's importance in the aviation market and as a US military contractor raise questions about accountability and future actions.
BBC News
Boeing has agreed to a deal with the Department of Justice, including a guilty plea to conspiracy to defraud the U.S. related to the 737 MAX evaluation. The agreement also involves Boeing paying the maximum statutory fine and investing in compliance and safety programs. Families of the victims of the MAX crashes have expressed opposition to the plea agreement, citing Boeing's responsibility for the deaths of 346 people.
ABC News
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to avoid a trial in connection with two deadly crashes involving 737 MAX jetliners. The plea deal includes a criminal fine of $243.6 million and labeling Boeing as a convicted felon. Families of crash victims criticize the agreement as a 'sweetheart deal.'
Fox Business
Boeing agreed to plead guilty to a felony charge of conspiring to defraud the federal government over two fatal crashes of the 737 Max in 2018 and 2019. The company will pay a fine of nearly half a billion dollars and invest in strengthening its safety programs. The plea deal includes probation, an independent compliance monitor, and meetings with crash victims' families.
The New York Times
Boeing has agreed to plead guilty to fraud in connection with the crashes of two of its 737 Max jets, resulting in the deaths of 346 people. The plea deal includes a $243.6 million fine and an additional $243.6 million fine for the same crime in 2021. Boeing will also invest at least $455 million to improve safety and be on court-supervised probation for three years.
Costco Wholesale Corporation raised membership prices in North America for the first time since 2017. The stock received multiple price-target hikes in response and is currently down 3.1% after reaching an all-time high. Options trading activity suggests potential positive momentum for Costco stock.
Schaeffers Research
Costco plans to raise membership fees for the first time in seven years, leading to analysts raising their price targets for Costco stock. The company intends to use the increased fees to reinvest in the business, including wage increases for employees and lower prices for customers.
Investopedia