Summary: Bank of America analysts suggest that the latest CPI report indicates a need for the Federal Reserve to maintain current interest rates rather than cutting them. Inflation exceeded the 2% target and unemployment rates were near 3% in January.
Full articleSummary: Gary Steele, the president of go-to-market at Cisco, is resigning in April to pursue a CEO position outside of the company. Cisco is undergoing a major technology transformation focusing on AI and the security space. The company is initiating a search for a new go-to-market leader.
Full articleSummary: DeepSeek, a Chinese AI company, has produced a groundbreaking large language model leading to a seismic shift in the global AI landscape by emphasizing open-source collaboration. This has implications for US tech firms and signifies China's AI dominance shift away from the US. This development has caused US tech leaders to reassess industry strategies and sparked debates on global power shifts and geopolitical implications.
Full articleSummary: Chevron is planning to lay off 15%-20% of its workforce, with uncertainty about the impact on its Houston headquarters.
Full articleSummary: Apple is exploring humanoid and non-humanoid robots for smart home applications with mass production of potential Apple robots not expected before 2028.
Full articleSummary: Nike is involved in a legal battle with The Oregonian/OregonLive regarding a sex discrimination lawsuit, with arguments presented in a San Francisco federal courtroom.
Full articleSummary: Missouri Attorney General Andrew Bailey filed a lawsuit against Starbucks Corp alleging breach of anti-discrimination laws at state and federal levels, impacting hiring methods, segregation of employees, and compensation tied to race and gender quotas.
Full articleSummary: Blackburn Rovers interim boss David Lowe is prepared to continue until a replacement for John Eustace is appointed, and the team secured a 2-0 win over West Brom to enhance their play-off chances.
Full articleSummary: Andrew Bailey was questioned about his lawsuit against Starbucks regarding the impact of the coffee company's diversity initiatives on prices and wait times for Missouri consumers.
Full articleSummary: Apple is preparing for a wave of product launches, including the iPhone SE 4 and M4-powered MacBook Air. Updates may also include a new base iPad model with A18 chip integrated, iOS 18.4 beta with Siri enhancements, and a significant update for the Vision Pro headset with rumored collaboration with Sony for PlayStation VR2 controller support.
Full articleSummary: Intel releases its sixth annual Product Security Report, criticizing AMD and Nvidia for security vulnerabilities, highlighting its internal discovery of vulnerabilities and claiming competitive edge in security assurance.
Full articleSummary: Costco offers fantastic grocery selections at great prices, including Kirkland Signature items like Sous Vide Egg Bites and Baby Wipes. Customers also praise the quality and value of products such as Dietz & Watson Organic Roasted Turkey Breast, Emmi Le Gruyere AOP Cheese, and Kerrygold Pure Irish Butter. Costco shoppers are impressed by the affordability and variety of items like Kirkland Signature Imported Basil Pesto, Grillo's Pickles, Three Bridges Egg Bites, Thai Kitchen Organic Coconut Milk, Kirkland Signature Organic Extra Virgin Olive Oil, Allergy Meds, $5 Rotisserie Chicken, and Kirkland Diapers.
Full articleSummary: TD Bank Group sold its entire 10.1 percent stake in The Charles Schwab Corporation, totaling 184.7 million shares.
Full articleSummary: HPE announced the launch of its new server series ahead of Intel's release of its Granite Rapids-SP processors, including single and dual socket servers, air or liquid cooled designs, and support for Intel Xeon processors.
Full articleSummary: The US labor board is accusing Wells Fargo & Co. of illegally threatening and retaliating against employees, which could result in an early test of worker-rights enforcement under President Donald Trump's administration.
Full articleSummary: Intel released Thermal Daemon 2.5.9, featuring initial support for next-gen Core Ultra Series 3 'Panther Lake' SoCs and handling for the Intel P-State kernel driver in passive mode.
Full articleSummary: Google will start using artificial intelligence to determine users' ages across its products as a measure to provide age-appropriate experiences and comply with child safety regulations.
Full articleSummary: Disney is scrapping the content warnings for its animated classics with racially charged storylines, moving them to the 'details' section with shortened language.
Full articleSummary: President Trump suspends enforcement of anti-bribery law, potentially impacting Tesla and its major suppliers. Trump's policies and orders could negatively affect Tesla's profitability. Several Tesla suppliers, like Glencore and Rio Tinto, have been involved in FCPA investigations.
Full articleSummary: Intel (INTC) stock is up nearly 6.5% after news of a potential joint venture with Taiwan Semiconductor Manufacturing (TSM). The collaboration could bring three- and two-nanometer chips to the United States, which is viewed positively by investors. However, Intel's plans to build a major chip operation in Ohio are threatened by potential tariffs on steel, aluminum, and oil/gas.
Full articleSummary: Key after-hours earnings reports from Cisco (CSCO), Robinhood Markets (HOOD), and Reddit (RDDT) were analyzed on Market Domination Overtime. Additional insights on Cisco's performance by Morningstar analyst were provided. BNY Investments economist shared outlook on Federal Reserve's monetary policy for 2025.
Full articleSummary: Nike launched its Nike United Pack cleats collection featuring six top international women football players, part of a larger initiative to support women's sports.
Full articleSummary: Stable Diffusion 3.5 Large, Stable Image Ultra, and Stable Image Core are now available on Azure AI Foundry, offering professional-grade image generation capabilities with versatile styles including 3D, photography, painting, and more.
Full articleSummary: Boeing (BA) astronauts aboard the ISS facing return delays see earlier return schedule, positive stock movement, and fewer layoffs in connection with SLS program.
Full articleSummary: Honeywell International Inc. Vice President sold a significant number of shares, resulting in a substantial decrease in ownership percentage. Institutional investors have also been adjusting their holdings. Analysts' opinions on the stock range from hold to buy ratings.
Full articleSummary: Chevron plans to reduce its workforce by 15% to 20% as part of cost-cutting strategy aiming to lower costs by $2 billion to $3 billion by the end of next year.
Full articleSummary: TD Bank sold its entire 10.1% economic stake in Charles Schwab for USD14.6bn, marking one of the largest equity offerings in the United States in a decade.
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