Summary: Stock market indexes fell as fears of inflation resurfaced ahead of key Fed report, yields surged. Health care stocks like UnitedHealth Group (UNH) and tech giant Apple (AAPL) saw mixed results. Energy companies like ConocoPhillips (COP) and Abercrombie & Fitch (ANF) were notable movers.
Full articleSummary: Stock market indexes remained lower today amidst growing concerns of inflation ahead of a key Fed report, impacting major indexes and sectors like health care. The Dow Jones and S&P 500 declined, while the Nasdaq had a slightly better performance. Yield on the 10-year Treasury note jumped, leading to worries about potential rate cuts being pushed back. Companies such as Tesla, C3.ai, UnitedHealth Group, and Salesforce experienced stock movements related to earnings, acquisitions, or market sentiment.
Full articleSummary: Apple has released new products with discounts for AirPods, iPad Air, Apple Watch, MacBook, and AirPods Max.
Full articleSummary: Comcast announced a $138 million broadband infrastructure investment to expand Xfinity network in Tooele County, Utah, providing multi-gig speeds and promoting digital inclusion through partnerships with Boys and Girls Club and Telemundo Utah.
Full articleSummary: IBM is collaborating with Amazon Web Services (AWS) to integrate its watsonx AI and data platform offerings with AWS services to scale responsible AI, aiming to facilitate scalable deployment of AI through an open, hybrid model enhanced by comprehensive governance. The integration will help customers manage model risk and meet compliance requirements, and optimize workflows for AI project deployment.
Full articleSummary: Lockheed Martin and Intel have partnered to manufacture semiconductor chips for Lockheed Martin’s MH-60R multi-mission helicopter, enhancing its defense systems. U.S. Senate Majority Leader Chuck Schumer secured $400 million in this year’s budget for the purchase of 10 more combat rescue helicopters.
Full articleSummary: PwC's expanded relationship with OpenAI provides a playbook for companies to scale their AI infrastructure, apps, and services with GenAI, expecting returns on investments in 2024. The organization has identified over 3,000 internal GenAI use cases, driving transformation within their business and offering potential applications for clients across various industries. This relationship strengthens PwC's commitment to AI, with a significant $1B investment announced in April 2023.
Full articleSummary: FAA head to meet with Boeing CEO and senior officials to discuss quality improvement plans following systemic quality-control issues, including a door panel blowout during a flight. Meeting expected to last three hours at FAA headquarters.
Full articleSummary: BlackRock's iShares Bitcoin Trust has become the world's largest fund for the largest cryptocurrency, overtaking Grayscale Bitcoin Trust in total assets. Market analysts are keeping a keen eye on the relative flows into BlackRock's ETF and out of Grayscale Bitcoin Trust since U.S. regulators approved new ETFs in January.
Full articleSummary: Meta Platforms Inc. removed hundreds of Facebook accounts associated with covert influence campaigns from various countries, some using AI tools to generate disinformation. The company aims to detect and label AI-generated content to combat fake news ahead of the 2024 election cycle.
Full articleSummary: Human rights groups protest at Meta's shareholder meeting, demanding an end to alleged censorship of pro-Palestine content on social networks and within the company. Employees express concerns over biased censorship and call for transparency and cease-fire in Gaza.
Full articleSummary: NVIDIA is rumored to release the RTX 5090 as a dual-slot, dual-fan solution, diverging from the trend of increasingly larger GPUs with each new generation.
Full articleSummary: Caterpillar to spend USD90 million to upgrade two Texas plants for new C13D engine production starting in 2026, creating 25 new jobs.
Full articleSummary: UPS is planning to manufacture tracking package tags in India with the support of Union Minister Rajeev Chandrasekhar and is in touch with state governments for local production.
Full articleSummary: Boeing's Starliner spacecraft will launch astronauts despite a small helium leak found, decision raises concerns in light of previous setbacks and safety controversies.
Full articleSummary: Controller for HomeKit introduces a new Floor Plan feature that provides an interactive map interface for controlling connected devices like lights, locks, and sensors, making it easier for users to manage their smart home. The feature requires a paid subscription and a LIDAR-enabled iPhone or iPad. Users can map their homes, add devices to the floor plan, and create scenes for easier control.
Full articleSummary: Marathon Oil Corp. is set to be acquired by ConocoPhillips in a $22.5 billion all-stock transaction with an enterprise value, offering Marathon shareholders a 14.7% premium to the closing share price on May 28, 2024.
Full articleSummary: The FDA has approved eculizumab-aeeb (Bkemv) from Amgen Inc as the first interchangeable biosimilar to eculizumab (Soliris) for the treatment of rare diseases paroxysmal nocturnal hemoblobinuria (PNH) and atypical hemolytic uremic syndrome.
Full articleSummary: Market opened in the red as Nasdaq hits a record high, Hess shareholders approve Chevron merger, ConocoPhillips to acquire Marathon Oil, focus on AI race with upcoming earnings from Salesforce and HP. Other trending tickers include Chewy, American Airlines, and Netflix.
Full articleSummary: Owlchemy Labs announced immersive VR games Job Simulator and Vacation Simulator optimized for Apple Vision Pro, offering hand-and-eye tracking controls, unlike iPad ports previously available.
Full articleSummary: Amgen Inc. accuses Celltrion Inc. of infringing 29 patents with proposed biosimilar versions of Prolia and Xgeva drugs, which accounted for more than 15% of Amgen's 2023 revenue.
Full articleSummary: Top 3 Profitable Stocks to Buy Using Net Income Ratio: NVIDIA, Alphabet, and Royal Caribbean Cruises have been identified as top picks with high net income ratios, indicating strong profitability levels.
Full articleSummary: Bristol Myers Squibb received approval from the European Commission for Opdivo in combination with cisplatin and gemcitabine for the first-line treatment of adults with unresectable or metastatic urothelial carcinoma.
Full articleSummary: Comcast Corporation (NASDAQ:CMCSA) has seen a decline in its stock price over the past few years, with most of its business now focused on telecommunications, media, and entertainment through Peacock streaming service. Despite the drop in share price, Comcast has a solid dividend growth record and generates income potential from a diverse range of products and sales channels.
Full articleSummary: Xfinity/Comcast (NASDAQ:CMCSA) recently suffered a massive data breach affecting more than 35.8 million Xfinity customers, potentially leading to compensation for affected customers.
Full articleSummary: UPS is planning to manufacture RFID tags in India in collaboration with Indian state governments, aligning with India's goal to become a global chipmaking hub.
Full articleSummary: Texas Instruments (TI) and Vernier Science Education have collaborated to enable Vernier Go Direct sensors to connect wirelessly with TI-Nspire CX II and TI-Nspire CX II CAS graphing calculators, allowing students to collect and analyze scientific data in real time for hands-on STEM learning.
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