Summary: Apple is expected to introduce AI tools in its iOS 18 update, moving towards what is called 'IntelliPhones', offering advanced features like virtual and augmented reality experiences along with AI-generated personal assistance.
Full articleSummary: Protesters urge Chevron to divest from operations in Israel and Palestine, accusing the company of fueling genocide. Chevron made a $24 million investment in Israel's Tamar gas field to expand natural gas production capacity.
Full articleSummary: ExxonMobil has seen a decline in its market dominance and positive reputation due to meagre returns and increased pressure from climate activists and ESG concerns.
Full articleSummary: Two BlackRock funds have invested in the firm's spot Bitcoin ETF, making it the world’s largest fund for Bitcoin, surpassing Grayscale's Bitcoin Trust ETF. The rise of the iShares Bitcoin Trust was anticipated due to factors like GBTC's Bitcoin holdings halving and higher fees from Grayscale.
Full articleSummary: Apple sent out media invitations for its annual Worldwide Developers Conference keynote, speculations include announcements on using generative AI, coding integrations, new features, and hardware at WWDC 2024. The invite features colorful rings that may hint at improvements to Siri and potential new products like an Apple smart ring or updated HomePod models.
Full articleSummary: The NHTSA is investigating Tesla Model 3 and Model Y vehicles for power steering loss reports, covering about 334,000 vehicles from the 2023 model year.
Full articleSummary: Memorial Day sales at Target are winding down with discounts still available on various items like outdoor furniture, tech gadgets, grills, and kitchen appliances.
Full articleSummary: PayPal is launching its stablecoin PYUSD on the Solana blockchain after its debut on Ethereum, aiming to leverage Solana's high performance and low transaction costs to increase adoption. While this move presents potential benefits such as better scalability, reduced transaction costs, access to a new market, and integration with dApps, PYUSD faces stiff competition from established stablecoins like USDC and USDT, as well as concerns about Solana's stability and security.
Full articleSummary: Nike and RTFKT have collaborated to release a limited edition sneaker called Dunk Genesis on June 13th via Nike SNKRS with just 1,000 pairs available for $222 each.
Full articleSummary: General Dynamics IT has officially secured a $185 million contract for cybersecurity services to the Air Force Civil Engineer Center after addressing a protest regarding the evaluation of staffing plans. The contract is for five years to develop strategies to mitigate cybersecurity risks for Air Force industrial control systems.
Full articleSummary: PepsiCo India is expanding its offerings in Kashmir with the launch of Gatorade in the Kashmir Valley market, featuring three flavors. The company aims to inspire active lifestyles and promote hydration through the brand.
Full articleSummary: Fitbit Ace LTE is a new Google smartwatch designed for kids, featuring phone capabilities, gaming, fitness tracking, and a subscription-based game offering.
Full articleSummary: BlackRock's IBIT has surpassed Grayscale's GBTC, becoming the largest spot bitcoin ETF in the U.S. with IBIT holding nearly $20 billion worth of bitcoin as of Wednesday morning. The investment giant added IBIT to its income and bond-focused funds, while Grayscale's GBTC has seen outflows of $105 million.
Full articleSummary: The New York Stock Exchange (NYSE) is collaborating with CoinDesk Indices to introduce cash-settled index options linked to Bitcoin's spot price through the CoinDesk Bitcoin Price Index (XBX). The aim is to provide investors with a new risk management tool due to rising Bitcoin interest.
Full articleSummary: Nvidia's stock has tripled over the past year, with strong quarterly results and a 10-for-1 stock split. The company saw explosive revenue growth and has high demand for its latest GPU computing platform. Despite the risk of potential pull-forward in demand, Nvidia's CEO remains optimistic about the company's growth potential and transformation of computing stacks globally. The stock is still considered attractive at its current valuation and continues to be a buy for investors.
Full articleSummary: GE Aerospace is investing BRL 430 million in expanding its Tres Rios MRO plant to increase capabilities for LEAP engines. The expansion is expected to be completed by fall 2025, enabling the site to handle over 800 engines annually.
Full articleSummary: Deere & Company's net income and sales revenue decreased in the second quarter of 2024 compared to the same period last year. The company's production and precision agriculture segment also experienced a decline. On the other hand, AGCO is investing in agricultural technology startups, and Midland has released a new handheld radio. Oshkosh Corporation is acquiring AUSA, a manufacturer of construction and agriculture equipment.
Full articleSummary: Boeing secures a multi-billion-dollar contract from the U.S. government for JDAM bombs, while facing criticism over civilian deaths in Gaza due to weapons supplied to Israeli Defense Forces.
Full articleSummary: Spy shots reveal Ford may soon release a hybrid version of the Maverick with all-wheel drive, including a larger infotainment system and design upgrades.
Full articleSummary: Capital One Financial Corp's 4.625% Dep Shares Non-Cumul Perp Pfd Stock Series K (COF.PRK) yielding above the 6.5% mark based on its quarterly dividend, trading at a 27.92% discount to its liquidation preference amount. COF.PRK is currently off about 1.5% on the day.
Full articleSummary: Apple has officially announced the opening of its first retail store in Malaysia, Apple Store TRX, after years of rumors and speculation.
Full articleSummary: Starbucks Corp. resolved a lawsuit with a transgender ex-barista through arbitration, as evidence supported the company's position.
Full articleSummary: Apple faced backlash for its ad showcasing the iPad Pro being created by crushing various objects, with many critics condemning the commercial for its implications of technology eradicating human creativity. The company issued an apology for missing the mark with the video.
Full articleSummary: Microsoft plans a major expansion of artificial intelligence education and job training programs in southeast Wisconsin, including upskilling non-traditional workers and creating a data center technician training program. The company aims to train 100,000 workers and strengthen the state's manufacturing base. They are advocating for a national registry for high-risk AI systems and legislation on privacy laws. Lessons from social media highlight the need for AI protections and labeling requirements. AI can automate tasks, create new jobs, and assist small businesses in navigating regulations. The cost of data collection has significantly decreased over the years.
Full articleSummary: Betterware de México is moving its listing of common stock from the Nasdaq to the New York Stock Exchange with trading expected to start on June 7, 2024.
Full articleSummary: Costco Wholesale is set to report third quarter results with expectations of rise in EPS and revenue. Analysts believe Costco is well positioned to continue gaining market share and appeal to cash-strapped consumers. The stock has grown nearly 23% so far this year, outperforming the broader market.
Full articleSummary: ConocoPhillips is set to buy Marathon Oil in an all-stock deal valued at $22.5 billion which includes $5.4 billion in debt. The acquisition is expected to deepen ConocoPhillips portfolio, adding high-quality, low cost of supply inventory adjacent to their U.S. unconventional position.
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