Summary: SK Hynix to invest $74.6 billion to strengthen chip business with focus on AI, SK Group to secure $57.7 billion by 2026 for AI, semiconductors, and shareholder returns, Group aims to improve competitiveness by focusing on AI value chain and reducing subsidiaries, Executive's aim for manageable range of subsidiaries, SK Innovation expected to pursue merger with gas affiliate SK E&S, SK Group targets around $17.9 billion profit before tax in 2022 and $28.9 billion by 2026, South Korea investing $19 billion in chip businesses to keep up in global semiconductor market
Full articleSummary: Wells Fargo analysts revised their profit forecast for RTX (Raytheon Technologies) due to concerns over makers of jet engines following Airbus's delivery target cut. Despite the impact being relatively small, there are worries about RTX's 2025 guidance revision during its upcoming second-quarter results.
Full articleSummary: Analysts at Wells Fargo revised their forecast for RTX, stating that the company is likely to be less profitable this year due to concerns about makers of jet engines, following Airbus cutting its target for plane deliveries. Wells Fargo also raised its price target on RTX.
Full articleSummary: PepsiCo (NASDAQ: PEP) shows a mix of steady growth and profitability with a slight dip in stock performance, but remains well-positioned with global diversification and potential undervaluation. The company's focus on innovation, cost control, and dividend growth presents a favorable investment opportunity.
Full articleSummary: Forward Jamal Lowe leaves Vitality Stadium following the expiry of his contract and joins Sheffield Wednesday after struggling for game-time in the Premier League.
Full articleSummary: Nike teases the return of the iconic Nike Dunk High Wu-Tang sneaker, which holds legendary status in the sneaker world and is deeply rooted in both sneaker culture and hip-hop history. Fans and collectors may have an opportunity to secure this coveted piece of history as Nike hints at a re-release.
Full articleSummary: Charles Schwab successfully completes the transition of TD Ameritrade clients and accounts, affirming commitment to Omaha's workforce. Some visible signs of change include renaming the downtown ballpark to Charles Schwab Field and displaying the Schwab logo on the headquarters building. Schwab's integration of Ameritrade trading platform and systems marks the end of an era, with some expected merger-related layoffs within Schwab's operations.
Full articleSummary: Criticism of Nvidia's new form factor guidelines for graphics cards being too large compared to previous small form factor cards.
Full articleSummary: 1. Rosenblatt downgrades Google stock due to transitional risks and competition in AI advertising. 2. Truist analysts believe NVIDIA could still yield strong returns despite temporary market cap loss. 3. Rosenblatt upgrades Apple to Buy, citing privacy-focused AI and strategic advantages over rivals. Citi and JPMorgan raise price targets for Micron on positive outlook despite post-earnings decline, JPMorgan reiterated MU as a top pick in semis. Stifel initiates Tesla coverage with a Buy rating, foreseeing growth potential from AI-based FSD and upcoming vehicle launches.
Full articleSummary: Disney Cruise Line's new ship, Disney Adventure, will have a home port in Asia and offer unique Disney-themed experiences, setting sail from Singapore starting in 2025. The ship is expected to feature seven themed areas inspired by Disney, Pixar, and Marvel characters, promising an unforgettable family travel experience.
Full articleSummary: Apple is considering monetizing advanced features in Apple Intelligence through a potential subscription model, as reported by Bloomberg. The company might charge extra for future additional capabilities and could partner with other AI providers for pro-level subscriptions in the future.
Full articleSummary: Super Micro Computer (NASDAQ: SMCI) has outperformed Nvidia this year and is predicted to surge further by 70% due to its close partnerships and innovative technologies like direct liquid cooling (DLC). Loop Capital analyst raised price target to $1,500 citing Supermicro's leadership in AI deployments and growth prospects.
Full articleSummary: Microsoft Office Home & Business 2019 for Mac or Windows available at a discounted price of $24.97 until July 4, which is $205 off the usual price. This deal offers lifetime access to Office staples including Word, Excel, PowerPoint, and more.
Full articleSummary: U.S. prosecutors are meeting with Boeing and fatal-crash victims' relatives to discuss potential criminal charges due to violations of a 2021 agreement. Boeing has presented its case that prosecution would be unwarranted, and discussions are ongoing for a potential resolution.
Full articleSummary: NVIDIA's top 3 customers, likely Microsoft, Meta, and major cloud computing providers like Amazon, Google, and Microsoft, contribute to over 30% of sales, possibly nearing 40%. These customers are heavily investing in AI computing and custom chips, indicating strong demand for NVIDIA's products.
Full articleSummary: Meta is testing a new 'AI Studio' function on Instagram allowing select creators to make chatbot versions of themselves, as announced by Mark Zuckerberg.
Full articleSummary: Honest Tea launches #FindYourGood campaign in collaboration with Twinkle Khanna to promote relaxation and well-being through their organic green tea beverages.
Full articleSummary: PepsiCo (PEP) has shown steady growth, climbing profitability, and a solid balance sheet, making it an attractive investment opportunity. Despite recent underperformance, the company's global diversification, ongoing success with product innovation, and undervalued stock indicate a potential rebound in the second half of the year.
Full articleSummary: IBM is seeking an experienced Quality Engineer for their Mysore location. The role involves building automated tests, creating test data and environments, and presenting test results to clients and project teams.
Full articleSummary: 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 articleSummary: Starbucks has introduced a new Strawberry Banana Frappuccino while 7-Eleven offers a similar drink called Strawberry Banana Soy Smoothie at a lower price. The comparison reveals Starbucks' Frappuccino as the clear winner in terms of flavor and satisfaction, despite being more expensive.
Full articleSummary: Pfizer reported Q3 earnings surpassing analyst expectations but fell short on revenue. Pfizer shares have increased by 19.35% year to date, outperforming the S&P Global 100.
Full articleSummary: Boeing's Starliner successfully blasted off from Florida after years of delays and safety concerns, overcoming recent aborted launch attempts with astronauts onboard.
Full articleSummary: Boeing has bought back the damaged 737MAX-9 airplane from Alaska Airlines, which suffered an explosive mid-cabin exit door blowout in January. This incident led to regulatory attention and compensation agreements between the two companies. The NTSB investigation into the causes of the exit door blowout is ongoing, with Boeing facing sanctions for sharing confidential information about the investigation.
Full articleSummary: Capital One offers two credit cards, card_name and card_name, with different target audiences and value propositions. The card_name is geared towards those with fair credit and features no annual fee or rewards, while the card_name caters to those with good credit, offering a $200 cash bonus, rewards on purchases, and various benefits.
Full articleSummary: Apple is planning to mass produce new AirPods with camera modules by 2026, which will integrate with Vision Pro and future Apple Vision headsets. The AirPods could detect environmental changes and enable in-air gesture control. Foxconn is the supplier for the IR camera used in AirPods.
Full articleSummary: Nike plans to launch a new $100-and-under sneaker line to combat weak sales. The fourth-quarter sales fell by 2% to £9.6bn, leading to a 19.98% drop in Nike's shares, the biggest one-day percentage drop in its stock's history.
Full article