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Banks closed more than 100 branches in three weeks as closure bloodbath continues in 2025 somewhat bearish
USB WFC PNC FULT HUN BAC JPM
Summary: Major US banks have closed over 100 locations in just three weeks, with warnings that more closures are expected in 2025. Despite the trend towards online banking, many Americans still prefer in-person banking services, leading to concerns about the increasing number of physical branch closures.
Full articleHUNTINGTON NATIONAL BANK added 84064 shares of SALESFORCE.COM ($CRM) to ... somewhat bullish
CRM
Summary: HUNTINGTON NATIONAL BANK added 84,064 shares of $CRM to its portfolio according to the latest SEC 13F filing. Institutional investors have been both adding and decreasing their positions in SALESFORCE.COM stock. Insiders and members of Congress have also been actively trading $CRM shares in the past 6 months.
Full articleAI's hungry maw drives massive $100B investment plan by Microsoft and BlackRock | Ars Technica very bullish
MSFT BLK NVDA
Summary: Big Tech companies are planning to invest in AI infrastructure including chips, data centers, and possibly new nuclear plants through the Global AI Infrastructure Investment Partnership (GAIIP) led by Microsoft, BlackRock, Global Infrastructure Partners, and MGX with an initial target of $30 billion in private equity capital.
Full articleTD CEO Masrani to retire next year, Chun named successor as U.S. probes continue - St ... somewhat bearish
TD
Summary: TD Bank Group announces that Raymond Chun will replace retiring chief executive Bharat Masrani amidst a money laundering scandal in the U.S. The bank aims to resolve investigations into deficiencies in its anti-money laundering program which have impacted its proposed acquisition of U.S. bank First Horizon Corp.
Full articleCisco to lay off hundreds of Bay Area employees in second round of cuts this year somewhat bearish
CSCO
Summary: Cisco Systems has revealed that over 800 Bay Area employees will be impacted by the second round of mass layoffs, which is part of its efforts to pivot towards artificial intelligence and cybersecurity.
Full articleA Ford Thunderbird That Belonged to Carroll Shelby Is Up for Auction - Robb Report somewhat bullish
F
Summary: Carroll Shelby's 1966 Thunderbird Town Landau, previously used as his company car, is currently up for bid on Bring a Trailer with bidding reaching $33,000.
Full articleHackers target bank clients in Czechia, Hungary and Georgia in novel phishing campaign very bearish
OTP HU TBC GE
Summary: Hackers set up malicious banking applications resembling legitimate ones to steal user data in an elaborate phishing scheme, targeting European banks.
Full articleFord Amphitheater brings in hundreds for soft opening event ahead of packed opening weekend neutral
FORD
Summary: The Ford Amphitheater in Colorado Springs held a private, soft opening event with musical acts and speakers, ahead of their sold out opening weekend with One Republic. Attendees expressed satisfaction with the venue's look, music quality, and stunning backdrop of the Front Range. Concerns remain about parking logistics and sound impact on surrounding neighbors.
Full articleTyan Thunder HX FT83B-B7149 Intel Xeon 6 PCIe GPU AI Server - ServeTheHome somewhat bullish
TYAN
Summary: Tyan revealed the Thunder HX FT83B-B7149, an Intel Xeon 6-based PCIe GPU AI server at Computex 2024 with enhanced features and design improvements over previous generations.
Full articleHungary Central Bank Tells Lenders to Reimburse Clients After Apple Glitch somewhat bearish
AAPL
Summary: Hungary's central bank instructs local lenders to reimburse customers for erroneous charges made by Apple's electronic payment service, involving hundreds of thousands of accounts. The incident, resulting from a technical glitch, amounted to more than $5.43 million.
Full articleHunton Andrews Kurth LLP Advises NextEra Energy, Inc. on $2 Billion Equity Units Offering neutral
NEE
Summary: Hunton Andrews Kurth LLP advised underwriters on the sale of $2 billion of equity units of NextEra Energy, Inc. Each unit consists of a contract to purchase NEE common stock in the future and a 5% interest in a NEE Capital debenture due in 2029.
Full articleHunting for Heat: Chevron Talks Geothermal - Hart Energy somewhat bullish
CVX
Summary: Chevron is reentering the geothermal energy space, pursuing pilot projects in California and Japan utilizing enhanced geothermal systems and closed-loop systems. The company is leveraging oil and gas technologies to capture heat and unlock geothermal energy, aiming to contribute significantly to clean firm capacity targets set by the U.S. Department of Energy.
Full article