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First Trust Advisors LP increased its stake in U.S. Bancorp by 10.4% in Q2, owning 4,408,002 shares worth $199.46 million. U.S. Bancorp reported Q3 earnings of $1.22 per share, beating estimates. Analysts have varied ratings, with UBS and Evercore ISI raising price targets. The company increased its quarterly dividend to $0.52 per share, yielding 4.1% annually.
Edgestream Partners L.P. acquired a $2.59 million stake in Tyson Foods during Q2, purchasing 46,335 shares. Other hedge funds, including Vanguard and Pzena, also increased their holdings. Insider sales were reported by Chairman John H. Tyson and CFO Curt Calaway. Analysts have given Tyson Foods a consensus 'Hold' rating, with a target price of $60.75. The stock opened at $56.10, with a market cap of $19.81 billion.
U.S. stock futures rose ahead of key PCE inflation data, with Nasdaq, S&P 500, and Dow Jones futures up 0.43%, 0.23%, and 0.04%, respectively. Investors await economic reports that could impact Fed policy. Thursday's session saw mixed index results, with Nasdaq gaining due to Meta and Nvidia rises. Asia-Pacific markets traded mixed, while European markets opened higher amid regional economic releases. No key earnings are expected today.
Apple, Google, Samsung ask India to not accept telecom proposal over privacy concerns and warn of regulatory overreach-sources, document
India is reviewing a proposal for mandatory always-on satellite location tracking in smartphones, opposed by Apple, Google, and Samsung due to privacy concerns. The proposal aims to improve surveillance accuracy but raises significant privacy and security issues. No global precedent exists for such device-level tracking, and the debate has intensified following the revocation of a state-run app mandate. The proposal could turn phones into surveillance devices, sparking concerns among privacy advocates and industry experts.
