Summary: FDX reported a challenging Q1 with weaker-than-expected demand environment. Actions are being taken to focus on structural cost reduction through DRIVE and executing network transformation plans. Confidence remains in value-creation opportunities ahead.
Full articleSummary: Microsoft is testing a new extension performance detector feature in its Edge browser to warn users about performance issues caused by browser extensions. Users will be alerted via the toolbar if an extension is impacting page loading speed.
Full articleSummary: Eli Lilly & Co. is requesting access to medical records of people who took copies of its weight loss drug for safety reasons as it seeks to build a case against compounding pharmacies selling knockoff versions of its drugs.
Full articleSummary: Google has launched a paper focusing on unlocking the UK's AI potential by emphasizing the need for a comprehensive AI opportunity agenda, investments in AI infrastructure, a workforce strategy, and universal AI access.
Full articleSummary: General Motors is offering adapters to its electric vehicle owners to access Tesla chargers, opening up access to more than 17,800 Tesla Superchargers for its customers in the U.S. with a GM-approved NACS DC adapter.
Full articleSummary: IBM and Microsoft opened three new IBM-Microsoft Experience Zones in different locations to provide hands-on access to Microsoft's suite of technologies and assist clients in driving business innovation.
Full articleSummary: Microsoft Flight Simulator 2024 is set to launch on November 19, 2024 with new features such as a career system and visual upgrades, including simulated wildlife and shipping traffic.
Full articleSummary: Uniper and ConocoPhillips agreed on a supply deal for up to 10 billion cubic metres of natural gas over the next 10 years.
Full articleSummary: Miramar Capital LLC reduced its holdings in General Dynamics Co. by 0.2% during the second quarter. Other large investors have also bought shares of the company. Wall Street analysts forecast growth for General Dynamics. General Dynamics announced a quarterly dividend. Director Peter A. Wall sold shares of the company's stock.
Full articleSummary: Oak Street Health, a subsidiary of CVS Health Inc agreed to settle for $60 million following allegations of False Claims Act violation by paying kickbacks to third-party insurance agents for patient referrals. The settlement also resolves claims brought under the whistleblower provisions of the False Claims Act by Joseph Stinson.
Full articleSummary: Yuhan secures an $80.9 million deal with Gilead Sciences to supply HIV drug ingredients, resulting in a surge of 18.41% in Yuhan's shares.
Full articleSummary: UPS drivers represented the company at the National Truck Driving Championships, showcasing best-in-class safety training and skills in a competitive event.
Full articleSummary: Amazon introduces new generative AI tools to enhance the retail experience for customers and sellers, including personalized recommendations, curated product descriptions, video generator, live image feature, and chatbot for business performance.
Full articleSummary: Wärtsilä and Chevron Shipping have partnered to convert engines on six LNG carriers from dual-fuel to spark gas operation in order to reduce methane emissions and lower carbon intensity.
Full articleSummary: City Councilman Kevin de León announced his intent to seek legal action against Union Pacific due to environmental and safety violations in Los Angeles neighborhoods.
Full articleSummary: A FedEx truck caught fire on I-44 in Burkburnett, Texas, leading to the closure of the highway in both directions for about an hour. First responders were able to extinguish the fire, and investigations are ongoing to determine the cause.
Full articleSummary: Eve B. Burton, a Director at Intuit, sold 2,988 shares of Common Stock on September 19, 2024, totaling $1,941,799.
Full articleSummary: BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have announced the Global AI Infrastructure Investment Partnership (GAIIP) to invest in data centers and energy infrastructure for AI innovation and economic growth in the United States and partner countries. NVIDIA will support the partnership with its expertise in AI data centers, aiming to unlock $30 billion of private equity capital over time.
Full articleSummary: BlackRock, a finance giant with over $10 trillion in assets under management, highlights Bitcoin as a unique investment opportunity offering diversification against fiscal, monetary, and geopolitical risk factors.
Full articleSummary: FedEx reported a drop in first-quarter profit and lowered its annual profit forecast due to muted demand in the package industry, especially for priority services. The company's shares fell about 11% after the announcement.
Full articleSummary: BlackRock sees Bitcoin as a valuable diversifier due to its decentralized nature and resilience during economic turmoil, proposing spot Bitcoin ETFs as a hedge against U.S. fiscal concerns.
Full articleSummary: Banco Azteca, a bank reportedly tied to the Mexican cartel, flew $26 million of cash to Eric Hovde's bank in California amidst controversy and allegations of cartel connections and bribes.
Full articleSummary: Amazon introduces an AI assistant called Project Amelia to help grow business for its U.S. sellers by providing metrics and resolving issues, with plans to expand to more countries and languages in the future.
Full articleSummary: Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Intuit Inc. (INTU) by 10.4% during the second quarter, with its holdings in Intuit worth $3,758,000. Several other hedge funds also made changes to their positions in INTU. Wall Street analysts forecast growth and gave varying ratings to Intuit, with an average target price of $720.37. Intuit reported exceeding analysts' earnings estimates for the quarter and increased its dividend to $1.04 per share. Insiders have been actively selling shares of Intuit in recent months.
Full articleSummary: Comcast (CMCSA) stock price ended the recent trading session at $40.27, showing a +1.13% swing from the previous day. The stock underperformed compared to S&P 500's daily gain of 1.7%.
Full articleSummary: 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 articleSummary: Citigroup's Singapore office is likely to expand hiring due to increased productivity and optimism from the bank's head of wealth.
Full article