Summary: McDonald's is ending the artificial intelligence drive-thru order taking program, developed in partnership with IBM, at more than 100 locations by July 26, 2024, with plans to explore voice ordering solutions more broadly.
Full articleSummary: Apple is discontinuing its buy now, pay later service in the U.S. and replacing it with installment loans through credit and debit cards and other lenders worldwide.
Full articleSummary: Ford unveiled a souped-up version of the F-150 Lightning called the 'SuperTruck' to race at Pikes Peak, designed for peak performance in BEVs with advanced aerodynamics generating 6,000 pounds of downforce at 150 mph.
Full articleSummary: Salesforce, Inc. (NYSE:CRM) traded down 0.8% during Monday trading, and closed at $230.11. Several analysts have adjusted their target prices for the stock, with varying ratings. Additionally, insider selling has occurred in the past months.
Full articleSummary: Apple has big plans for the Apple Watch including a new design with thinner chassis and larger display, blood pressure monitoring with trends shown over time, and sleep apnea detection to predict potential health issues.
Full articleSummary: McDonald’s has ended its two-year partnership with IBM in using AI for voice orders at drive-thru kiosks due to some missteps and plans to explore voice ordering solutions more broadly in the future.
Full articleSummary: GlobalData tracks drug-specific phase transition and likelihood of approval scores, indicating the development and potential approval of Ipilimumab by Bristol-Myers Squibb. Bristol-Myers Squibb is a biopharmaceutical company that focuses on cancer, immunology, cardiovascular, and fibrotic therapeutic projects.
Full articleSummary: GlobalData tracks drug-specific phase transition and likelihood of approval scores, Nivolumab (Opdivo) is a human IgG4 anti-PD-1 monoclonal antibody under development for various cancer treatments, Bristol-Myers Squibb (BMS) is a biopharmaceutical company focusing on cancer, immunology, cardiovascular, and fibrotic therapeutic projects.
Full articleSummary: Starbucks is facing challenges with its large and clunky structure, while Dutch Bros (NYSE: BROS) is emerging as a strong competitor in the coffee chain industry with significant growth opportunities for investors. Dutch Bros has been reporting high revenue and comps growth, and its stock is considered a good investment opportunity at a lower price.
Full articleSummary: McDonald's will stop using artificial intelligence for drive-thru orders by the end of July and will explore voice ordering solutions, deciding to end the current partnership with IBM on automated order taking technology.
Full articleSummary: Philip Morris International's affiliate, Swedish Match North America LLC, received a subpoena from the Attorney General of the District of Columbia regarding sales of flavored ZYN nicotine pouches. Compliance review is ongoing with a potential material liability if an unfavorable outcome occurs. Steps include suspending online sales on ZYN.com and conducting a full review of sales and supply chain arrangements.
Full articleSummary: Goldman Sachs Group is ranked as the 9th analyst pick among the Dow Jones Industrial Average stocks and the 86th out of 500 in the S&P 500. The stock has shown a gain of 15.6% year to date.
Full articleSummary: IBM and The All England Lawn Tennis Club have introduced a new 'Catch Me Up' feature for the Wimbledon digital experience, utilizing generative AI to provide personalized player stories and analysis, as well as broader coverage of matches, including wheelchair events. Research shows that a majority of tennis fans surveyed view AI positively, with a focus on real-time updates, personalized content, and unique insights improving their experience.
Full articleSummary: U.S. Supreme Court ruled in favor of Starbucks in a case against the National Labor Relations Board regarding Section 10(j) preliminary injunction under the NLRA, setting a stricter four-factor test. This decision may make it harder for the NLRB to secure preliminary injunctions against employers in the future.
Full articleSummary: The union representing journalists at The Wall Street Journal, Barron’s, and MarketWatch along with parent company Dow Jones & Co. has reached a tentative agreement on a new four-year collective bargaining agreement covering 1,400 employees, including wage increases and additional benefits.
Full articleSummary: Starbucks is receiving criticism for some of its past menu drink offerings, including the Blended Cold Brew Protein Shake, Witch's Brew Crème Frappuccino, Strawberry Funnel Cake Frappuccino, and Unicorn Frappuccino.
Full articleSummary: Special Opportunities Fund announced results of the annual meeting of stockholders of BNY Mellon Municipal Income, including election of new directors and approval of certain proposals.
Full articleSummary: NVIDIA has introduced NVIDIA Omniverse Cloud Sensor RTX, a solution for simulating physical sensors to aid developers in creating software for autonomous machines in test environments.
Full articleSummary: Apple announced the discontinuation of its U.S.-only Pay Later feature, to be replaced by a new global installment loan offering accessed through credit and debit cards when checking out with Apple Pay. The new offering will enable flexible payments in collaboration with Apple Pay enabled banks and lenders.
Full articleSummary: Special Opportunities Fund, Inc. announced election of new directors and approval of proposals at BNY Mellon Municipal Income's annual meeting.
Full articleSummary: State Street Global Advisors is likely to revamp the composition of its $71 billion Technology Select Sector SPDR Fund (XLK) by increasing exposure to Nvidia Corp. (NVDA) at the expense of Apple Inc. (AAPL) during the upcoming quarterly rebalance near the end of June. The rebalance would involve dumping $12 billion of Apple shares and purchasing $11 billion of Nvidia shares, causing a significant shift in the weights of the two companies in the ETF.
Full articleSummary: Stonebridge Capital Management Inc. reduced its stake in PepsiCo by 0.6% in the 4th quarter, holding 44,185 shares worth $7,504,000. CEO sold 5,620 shares. Several other large investors have also bought and sold shares. Analysts have given PepsiCo various ratings, with a consensus of "Moderate Buy". PepsiCo reported Q1 earnings beating estimates. The company announced an increased quarterly dividend.
Full articleSummary: Tesla is suing Matthews International, a former machinery supplier, for stealing trade secrets related to battery production. Matthews claims Tesla is the one trying to steal its technology. Tesla is seeking damages currently estimated at $1 billion.
Full articleSummary: Tesla Model 3 Long Range is now eligible for the $7,500 federal tax credit for electric vehicles, making it a more affordable option for buyers. The eligibility is a result of Tesla changing the batteries in the model to meet the standards set by the IRS. This move is expected to boost Model 3 sales.
Full articleSummary: The S&P 500 closed at a fresh record on Monday, with the Nasdaq and Dow Jones also posting gains. Technology stocks led the rally, with Megacap companies like Microsoft, Apple, Alphabet, Amazon, and Meta Platforms finishing higher. Nvidia hit an all-time high and Broadcom shares surged. Investors are optimistic about strong economic data and potential rate cuts.
Full articleSummary: A U.S. bankruptcy judge has approved the sale of the majority of Express Inc.'s operations to a consortium led by brand acquisition and management firm WHP Global, providing a lifeline to the struggling retailer and its remaining stores.
Full articleSummary: The Technology Select Sector SPDR Fund (XLK) is facing a rebalancing due to concerns over market concentration, with Apple (AAPL), Nvidia (NVDA), and Microsoft (MSFT) driving market gains. This move could have implications for the companies and the broader markets, with potential significant changes in portfolio weightings.
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