Summary: Finnish insurer Sampo has agreed to acquire the rest of the shares in Topdanmark in a deal valuing it at 33 billion Danish crowns. Sampo will pay a 27% premium to Topdanmark's shareholders and plans to deploy 800 million euros in share buybacks.
Full articleSummary: NVIDIA announces Omniverse Cloud Sensor RTX, a set of microservices for physically accurate sensor simulation to accelerate development of autonomous machines. The technology allows developers to test sensor perception and associated AI software at scale in realistic virtual environments before real-world deployment.
Full articleSummary: Cirata is offering support for IBM General Parallel File System (GPFS) in their recent release of Cirata Data Migrator 2.5. This new feature aims to reduce latency, improve scale and performance, enhance control, and provide auditable outcomes for data migration.
Full articleSummary: KAYTUS, a leading IT infrastructure provider, announces that its servers now support the newly released Intel® Xeon® 6 Processors, offering outstanding performance and energy efficiency for various applications including AI, cloud-native environments, and data analytics.
Full articleSummary: Zacks Value Trader podcast discusses the potential of cheap energy stocks being either values or traps, focusing on top energy companies such as Diamondback Energy, EOG Resources, Schlumberger, Exxon Mobil, and Chevron.
Full articleSummary: Zacks.com releases a list of companies likely to issue earnings surprises for Q2, with Adobe, Oracle, Costco, and AutoZone among them. The Q2 earnings season is underway with positive outlooks and favorable revisions trend in various sectors. The Tech sector is expected to continue driving index growth with improved margins. Overall, total 2024 S&P 500 earnings are projected to increase by +9.2% on +1.7% revenue growth.
Full articleSummary: Logitech is launching a new stylus, the MX Ink, designed for Meta's Quest headsets, providing enhanced functionality for 3D art creation in VR. The stylus features spatial tracking, haptics, pressure sensitivity, and compatibility with various Quest apps.
Full articleSummary: Mastek collaborates with NVIDIA to enhance its icxPro platform with NVIDIA accelerated computing for building scalable AI applications aimed at improving customer experience and streamlining operations.
Full articleSummary: NVIDIA showcased accelerated computing and generative AI breakthroughs for autonomous vehicle development at the Computer Vision and Pattern Recognition conference, winning multiple awards for their groundbreaking research and technology.
Full articleSummary: Citigroup is strengthening its business with midsize companies in Japan by offering tailored products in areas like global cash management and financing through a new team in Tokyo called Citi Commercial Bank.
Full articleSummary: BigRentz, a construction technology solution and equipment rental network, has partnered with ConnexFM to provide VIP access to equipment inventory for facilities managers. This integration aims to streamline and enhance the equipment rental and management process for members of the ProPerks Program.
Full articleSummary: Microsoft has decided to pull back the Recall feature, an AI-powered photographic memory in Copilot+ AI PCs, after facing deep cybersecurity concerns from privacy advocates and experts. The decision came after revelations of cybersecurity shortcomings by Microsoft and a series of large-scale cyberattacks by Russian and Chinese hackers.
Full articleSummary: Ann-Marie Campbell, Executive Vice President at Home Depot, made a significant donation of US$100,000 to her alma mater, Holy Childhood High School, at an alumni gala. The donation will be used for gymnasium upgrades, new equipment, technology, and financial aid for students. Campbell's generosity was greatly appreciated by the school community and will have a lasting impact on the students.
Full articleSummary: Gearset announced new features including Archiving, Compare & Deploy Upgrades, and Flow Navigator to enhance Salesforce DevOps platform. These features empower teams with data optimization, visualization tools, and faster deployment processes.
Full articleSummary: Apple Inc. is set to introduce new features to Apple Pay and Apple Wallet later this year for deeper integration of financing, rewards, and buy now, pay later options into the iPhone.
Full articleSummary: CVS Health Corporation (CVS) falls 27.7% from its 52-week high, reports Q1 adjusted EPS below consensus estimate, and cuts full-year adjusted EPS forecast. Despite recent underperformance, analysts are optimistic about its prospects.
Full articleSummary: U.S. industry groups are requesting a one-month extension to comment on the electric vehicle tariffs against China set to start on August 1, 2024, leading to Chinese EV stocks slumping. Boeing (BA) delays production milestones on its 737 jets. Tesla (TSLA) faces challenges with declining profit margins and consumer cancellations, resulting in higher risks for its stock. Whirlpool (WHR) is negatively impacted by the struggling consumer.
Full articleSummary: Gilead Sciences unveiled final analysis of Phase III ENHANCE study on blood cancer therapy magrolimab, showing higher risk of death versus placebo, lower response rate and shorter overall survival. The development has faced safety and efficacy hurdles over the years.
Full articleSummary: Approval of spot Bitcoin ETFs has led to a significant shift in financial markets, with many financial advisors still determining how to incorporate these instruments into client portfolios. Some RIAs remain cautious due to Bitcoin's volatility and newness in the market, while others see the ETFs as a bridge between cryptocurrency and traditional investing. The younger generation shows more interest in cryptocurrencies, indicating a potential shift in the investment landscape.
Full articleSummary: Zacks Value Trader podcast discussed whether cheap energy stocks are values or traps, focusing on companies like Diamondback Energy, EOG Resources, Schlumberger, Exxon Mobil, and Chevron.
Full articleSummary: Patria, a Finnish armored vehicle manufacturer, introduced a new armored tracked all-terrain platform named FAMOUS at Eurosatory 2024. The vehicle features a wide track design for improved cross-country speed and increased squad seating capacity. It includes a remotely controlled combat module with a heavy machine gun and is part of the FAMOUS program aimed at enhancing armored vehicle performance with EU support.
Full articleSummary: Tesla, led by Elon Musk, may reconsider accepting Bitcoin as a payment method for their electric vehicles due to the increased eco-friendliness of Bitcoin mining, now at around 55% sustainability. However, data transparency issues in the mining industry and uncertainty regarding the actual renewable energy usage may still pose a hurdle for the potential partnership.
Full articleSummary: Bank of America has emerged as an excellent income stock with a growing dividend, offering a dividend yield of 2.4%. It has increased its dividend five times since 2018 and the quarterly payout has doubled in that period. Despite there being stocks with higher dividend yields, Bank of America provides long-term upside potential and a relatively cheap valuation compared to peers.
Full articleSummary: Fisher Asset Management LLC increased its holdings in Starbucks Co. during the 4th quarter, with several other large investors also making changes to their positions. Insiders at Starbucks have been actively selling shares, and the stock has experienced a decline in revenue compared to the same quarter last year. Analysts have provided various ratings for Starbucks, with an average rating of 'Hold' and an average target price of $95.00.
Full articleSummary: Fisher Asset Management LLC increased its stake in ConocoPhillips by 2.7% during the fourth quarter, while other institutional investors also adjusted their holdings. Insiders have been actively selling company shares. Several Wall Street analysts have given positive ratings and price targets for COP stock.
Full articleSummary: Fisher Asset Management LLC increased its position in Intuit Inc. by 9.5% during the fourth quarter, owning over 3 million shares for a worth of almost $2 billion. Other large investors also modified their holdings. Insiders have been actively buying and selling INTU shares. Intuit stock was up 0.2% with positive quarterly earnings results and a dividend announcement. Wall Street analysts forecast growth for INTU.
Full articleSummary: Fisher Asset Management LLC increased its position in BlackRock, Inc. during the 4th quarter, owning over 2 million shares. Several other large investors also bought shares of BLK recently. Wall Street analysts forecast growth for BlackRock, with a consensus rating of 'Moderate Buy'.
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