Summary: Pixar, a subsidiary of Walt Disney Co., is cutting 14% of its staff to refocus on feature films and move away from TV series for Disney+ streaming service. This is part of Disney's ongoing cost-cutting efforts under CEO Bob Iger.
Full articleSummary: Kevin Mandia is stepping down as CEO at Google-owned Mandiant, remaining as an advisor. Mandiant, a highly regarded cyber incident response and threat intelligence firm founded by Mandia in 2004, completed its $5.4 billion acquisition by Google, which has integrated Mandiant into Google Cloud.
Full articleSummary: HercFusion provides machine-learning results to C-130J operators to improve aircraft maintenance, resulting in increased availability, mission capability, and cost reduction.
Full articleSummary: Dixon Technologies will manufacture Google Pixel 8 smartphones in India, with plans to export some units and gain market share in the country. Alphabet may expand production in India, including older and upcoming Pixel models possibly. Google aims to compete in the Indian market where Apple and Samsung dominate the premium segment.
Full articleSummary: Comcast is reintroducing a bundled package of Netflix, Peacock, and Apple TV+ exclusive to Comcast/Xfinity subscribers at $15 per month, aiming to counter the pressure from streaming services. The bundle includes a mix of plans with and without ads, requiring subscribers to stick with all services without the option to cancel one. The move is seen as a strategy to boost Comcast's declining cable TV subscribers and Peacock's financial losses.
Full articleSummary: Apple TV's tvOS restricts how much storage apps can use, leading to complaints from game and emulator developers. The 4 GB limit per app bundle and 500 KB limit for persistent storage are seen as major obstacles for developers.
Full articleSummary: Apple's Apple Music app to gain smarter song transitions with iOS 18 and macOS 15, with the addition of a new feature called "smart song transitions" and the ability for users to adjust crossfade duration. Apple also reportedly working on features like 'Passthrough' and 'Spatial Gaming', with iOS 18 set to be unveiled at the WWDC on June 10.
Full articleSummary: Nvidia is expected to report Q1 earnings with a 406% year-over-year increase in EPS. The company is focusing on expanding data centers and developing new Blackwell chips with significantly lower costs and electricity usage. Hennion & Walsh CIO Kevin Mahn believes Nvidia could become the ultimate winner in the AI race.
Full articleSummary: Institutional investors own more than 50% of Exxon Mobil with 25 investors having a majority stake of 42%, insiders have been selling lately, and the stock price may be affected by institutional trading decisions
Full articleSummary: Microsoft's Build event in Seattle featured the integration of OpenAI's ChatGPT-40 into Azure AI Studio, showcasing the tech giant's advancements in artificial intelligence. The event emphasized on companies being able to build AI assistants using GPT-40, providing a significant advantage for Microsoft over competitors like Google and Amazon.
Full articleSummary: Wells Fargo analyst Roger Read maintained a Buy rating on Marathon Oil (MRO) with a price target of $38.00. Barclays also maintained a Buy rating with a $35.00 price target. Marathon Oil reported a decrease in revenue and net profit compared to the previous year.
Full articleSummary: Nvidia is enhancing Copilot+ PCs with RTX GPUs, providing increased performance for gamers, creators, enthusiasts, and developers by tackling demanding local AI workloads and running AI models faster. Nvidia plans to equip Intel or AMD-powered Copilot+ PCs with RTX GPUs in the future.
Full articleSummary: Lori Beer, Chief Information Officer of JPMorgan Chase & Co (JPM), sold 5,298 shares of the company for approximately $1,062,590.72. This sale is part of a trend where there have been 33 insider sells and no insider buys over the past year, raising interest among investors. The intrinsic value of JPMorgan Chase & Co is estimated at $179.84 per share, making the stock Fairly Valued.
Full articleSummary: With Memorial Day weekend comes spring cleaning — and the perfect opportunity to revamp your space inside and out with major retailers offering discounts on furniture, mattresses, and appliances. Brands like Albany Park, Allform, Arhaus, Article, and more are providing significant savings on various furniture pieces.
Full articleSummary: Comcast announced its StreamSaver bundle with Netflix, Peacock, and Apple TV+ for $15 per month, offering a discount of at least 35% compared to individual subscriptions.
Full articleSummary: Comcast announced a new StreamSaver bundle offering Netflix, Peacock, and Apple TV+ for $15 per month, a 35% discount compared to subscribing to each service separately.
Full articleSummary: Six AI-related stocks tend to react positively to Nvidia's quarterly results, with Super Micro Computer, AMD, and Advantest Corp being among the biggest gainers. Wall Street analysts expect Nvidia to beat estimates with $5.52 earnings per share.
Full articleSummary: Google has offered to pay a certain sum to the US Justice Department to settle damages claim and avoid a jury trial over allegations of online advertising monopoly. The DoJ's damages claim has reportedly been reduced significantly by Google.
Full articleSummary: Microsoft unveiled a new AI-powered 'Recall' feature to be integrated into Copilot+ PCs with Windows 11, requiring specific hardware like Snapdragon X chips with an integrated NPU and meeting certain storage and RAM requirements.
Full articleSummary: A group of Tesla shareholders opposes CEO Elon Musk's $46 billion compensation package, citing concerns about the company's long-term growth and stability and highlighting Musk's controversial decisions and projects. Shareholders are urged to vote against the package and the reelection of board members Kimbal Musk and James Murdoch.
Full articleSummary: Traders are pricing in a significant move for Nvidia's shares after the chipmaker reports earnings, with options indicating an 8.7% swing, less volatile than past expectations. Nvidia, seen as a bellwether of the AI industry, is expected to drive significant S&P 500 earnings growth. Investor interest in AI is expanding beyond Nvidia to other sectors like power, commodities, and utilities.
Full articleSummary: Boeing firefighters will vote on a new contract offer with proposed pay raises and improved wage growth schedule. The firefighters have been locked out and on the picket line since May 4. Other union members showed support by joining them on the picket line.
Full articleSummary: Medtronic plc is a global leader in medical equipment design, manufacturing, and marketing, with net sales across various sectors including surgery, cardiac rhythm management, vascular diseases, and more. The company also distributes its products geographically with a significant presence in the United States.
Full articleSummary: S&P 500 and Nasdaq hit new highs ahead of Nvidia earnings, while investors await updates on interest rate cuts and possible approval of ether spot ETFs.
Full articleSummary: Caterpillar announced the Pathways to Sustainability program designed to support mining, quarry and aggregate industry customers on their energy transition journeys by providing holistic learning opportunities and customized energy transition strategies.
Full articleSummary: JPMorgan shareholders rejected a proposal to split the chairman and CEO roles, which Jamie Dimon opposed, but the proposal gained 42.5% support indicating more backing than similar measures at other banks. The stock price of JPMorgan dropped 4.5% following Dimon's announcement about succession plans and the market adjusting to the idea of a new CEO. Analysts provide conflicting views on the proposal to separate the roles, with concerns about potential conflicts of interest and the effectiveness of the board.
Full articleSummary: PayPal (PYPL) has been underperforming the S&P 500 Index and missed out on the rally in tech stocks over the past several years due to slowing growth in revenues and profits. Despite this, Wall Street analysts rate PYPL stock as a 'Moderate Buy' and suggest that it is currently undervalued. Morgan Stanley believes PayPal should consider initiating a dividend, although share repurchases may be a more beneficial strategy given its current market conditions and transformation plans.
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