Summary: Axonics wins patent lawsuit against Medtronic in nerve-stimulation technology in California federal court.
Full articleSummary: Cisco Systems has revealed that over 800 Bay Area employees will be impacted by the second round of mass layoffs, which is part of its efforts to pivot towards artificial intelligence and cybersecurity.
Full articleSummary: IBM has acquired Kubecost, a FinOps startup specializing in monitoring and optimizing Kubernetes clusters, as part of its efforts to enhance IT and FinOps capabilities. Kubecost's acquisition follows IBM's previous acquisition of Apptio in the FinOps space.
Full articleSummary: Target appoints Jim Lee, a PepsiCo veteran, as its new CFO to oversee financial operations amid preparations for the upcoming holiday season.
Full articleSummary: Former McDonald's workers reveal insider information about ingredient substitutions when stocks run low, including using dehydrated onions and shredded lettuce instead of fresh produce. Customers can request fresh onions on their sandwiches.
Full articleSummary: Starbucks has introduced two new nutty beverages to its menu, the Pecan Crunch Oatmilk Latte and Iced Pecan Crunch Oatmilk Latte.
Full articleSummary: Mobileye (MBLY) shares are surging as Intel (INTC) announced that it is not currently looking to divest its majority stake in the company, aiming to raise additional capital.
Full articleSummary: Simon Property Group, L.P. has amended, restated, and extended its $3.5 billion multi-currency unsecured revolving credit facility.
Full articleSummary: Google Cloud emphasizes the role of partners in delivering AI-powered security services, transitioning to autonomous security workflows, and enhancing CISOs' efficiency with AI insights.
Full articleSummary: Texas Instruments is increasing its quarterly cash dividend by 5% to $1.36 per share, or $5.44 annualized, payable on November 12, 2024.
Full articleSummary: watchOS 11 updates allow Apple Watch to potentially replace Siri Remote for Apple TV with new capabilities including volume adjustment, Siri activation, and power control.
Full articleSummary: Simon, a real estate investment trust, extends its $3.5 billion credit facility, providing $8.5 billion in total revolving credit capacity.
Full articleSummary: Texas Instruments Incorporated (TXN) announces a 5% increase in its quarterly cash dividend, marking 21 consecutive years of dividend increases.
Full articleSummary: Financial leaders emphasize the importance of mobilizing private capital for AI infrastructure investments, citing it as a multi-trillion-dollar long-term opportunity that will boost economic growth and drive innovation.
Full articleSummary: Google releases a Doodle celebrating Emerson Romero for his contributions to the deaf community and film industry as part of Hispanic Heritage Month.
Full articleSummary: Microsoft and BlackRock have partnered to raise $30 billion to develop data centers and energy infrastructure for their AI ventures. The initiative aims to expedite the process of building the sustainable infrastructure required for AI advancements. Lack of sufficient power continues to hinder progress in AI developments, with companies seeking alternative power sources.
Full articleSummary: The stock market is hitting record highs following rate cuts by the Federal Reserve, leading investors to seek growth companies with high insider ownership for potential returns. Some top picks from the screener tool include Atour Lifestyle Holdings (ATAT), GigaCloud Technology (GCT), and Victory Capital Holdings (VCTR).
Full articleSummary: IBM emphasizes the importance of AI skills for job success and well-being, stating that every industry will be revolutionized by AI.
Full articleSummary: Coca-Cola plans to invest an additional $1 billion in Nigeria over the next five years to expand production capacity and improve supply chain, following a meeting with Nigerian officials. Coca-Cola HBC also expects its operating profit to rise this year despite challenges like currency devaluation.
Full articleSummary: Re-skilling and investing in communities are considered crucial during the AI revolution, according to IBM's Chief Impact Officer.
Full articleSummary: NIO's Onvo in China has 40% of store managers from Tesla, and NIO is launching a new EV brand to compete with Tesla. NIO shares are trading higher by 6.87%.
Full articleSummary: California residents can now store their driver’s license or state ID in their Apple Wallet and Google Wallet apps, joining other states like Arizona, Colorado, and Georgia in supporting digital IDs. More than 20 states are currently exploring the adoption of mobile digital licenses.
Full articleSummary: Deere & Company agrees to pay $9.9 million to settle SEC charges of violating the Foreign Corrupt Practices Act, without admitting or denying fault.
Full articleSummary: Starbucks introduces new fall drink, Pecan Crunch Oat Latte, sparking debate among Canadians on how to pronounce 'pecan'.
Full articleSummary: Costco Canada raised membership fees in July, but is now offering new membership deals with discounts on purchases for both Gold Star and Executive Memberships.
Full articleSummary: Apple released version 6.0 of the Swift language, introducing safer concurrency, a new standard testing library, wider cross-platform support, improved C++ interoperability, 128-bit integer types, and more. The goal is to expand Swift beyond its Apple platform niche and increase adoption.
Full articleSummary: BMO Capital Markets raises S&P 500 target for 2024 to 6,100 from 5,600 citing strong market gains and Fed's easing mode.
Full article