Summary: Oracle Meme project is launching its official token $OMEME on May 27, 2024. The token aims to revolutionize meme creation and distribution by providing financial incentives and introducing innovative tools for creators and meme enthusiasts.
Full articleSummary: CVS Health has appointed a new senior vice president, corporate secretary, and chief governance officer who previously held the same role at American Express.
Full articleSummary: Target Corporation (TGT) is lowering everyday regular prices on approximately 5,000 frequently shopped items across its assortment to help consumers maximize their budgets. The retailer has already reduced prices on about 1,500 items, with more price cuts planned for the summer.
Full articleSummary: Medtronic is expected to report its fiscal 2024 fourth-quarter results with revenues and earnings meeting street estimates, benefiting from increased procedures volume and new products. Medtronic's stock performance has seen a decline over the past three years but is estimated to have an upside potential of over 10% with a valuation of $96 per share. Despite underperforming the S&P 500 in recent years, there is room for growth.
Full articleSummary: Retail earnings reports from Target, TJX, BJ's Wholesale Club, and Ross Stores indicate a mixed trend in the retail sector. While some companies like Target and TJX are experiencing growth in foot traffic and earnings, others like Home Depot and Lowe's are seeing declines in stock prices despite meeting or beating analyst expectations.
Full articleSummary: Davis R M Inc. decreased its position in Danaher Co. by 2.3% in the 4th quarter, followed by other institutional investors making changes in their positions. Danaher stock trades down 0.2%. Analysts have mostly rated the stock as a 'Moderate Buy'. CEO and SVP have sold shares recently.
Full articleSummary: Medtronic plc (NYSE:MDT) stock price rose by 0.3% on Tuesday as analysts forecast growth and the company announced a dividend. Insider activities and institutional investors' positions were also reported.
Full articleSummary: UniSuper experienced a major outage affecting over 620,000 fund members due to the deletion of its entire infrastructure subscription on Google Cloud, causing a complete loss of data but was mitigated by backups with another provider.
Full articleSummary: Disney World's new Disability Access Service (DAS) program has implemented stricter eligibility criteria, now catering specifically to guests with developmental disabilities like autism. This change has caused disappointment among guests with other types of disabilities, leading to majority of guests being denied DAS access with the park suggesting alternatives like practicing waiting in lines at home.
Full articleSummary: Salesforce Chair and CEO, Marc Benioff, reported selling 15,000 shares of common stock on May 20, 2024, for a total sale amount of $4,303,451.
Full articleSummary: IBM to release a family of AI models as open-source software and provide help to Saudi Arabia in training an AI system in Arabic. IBM is offering open access to its models and has unveiled its 'Granite' family of AI models for customization. The company's strategy focuses on making money as customers utilize AI models.
Full articleSummary: The Virtual Health Service Market is expected to grow significantly, with a projected valuation increase from USD 8.7 billion in 2023 to USD 50.9 billion by 2032. The growth can be attributed to the rising adoption of telehealth solutions, digital health technologies advancements, and focus on patient-centric care models.
Full articleSummary: Naomi Osaka unveils a new collection with Nike, stunning the tennis world with its boldness and style, which upset some tennis fans over their expectations.
Full articleSummary: Blackrock Silver Corp (BRC.VN) experienced a decrease of -7.04% in its stock price on the Toronto Venture Exchange. The company closed trading at $0.33 after opening at $0.34, with intraday prices ranging from $0.31 to $0.34. The TSX Composite and S&P 500 closed with minor fluctuations, while the Dow Jones Industrial Average and Nasdaq Composite ended lower.
Full articleSummary: Apple is challenging its $2 billion EU antitrust fine by filing a suit at the EU’s General Court, claiming the investigation had failed to uncover consumer harm and ordered them to stop preventing apps from advertising cheaper deals outside the App Store.
Full articleSummary: Microsoft introduced new Copilot Plus PCs with AI features integrated into Windows 11. This move includes over 40 AI models running on Windows 11 and a new Windows Copilot Runtime for developers to utilize in their applications.
Full articleSummary: Nestle introduces a new frozen food brand called Vital Pursuit intended for GLP-1 drug users, Peloton launches a global refinancing effort, Wendy's debuts a $3 breakfast combo meal, and Target announces price cuts on 5000 items. Companies are diversifying and adjusting their strategies amidst a potential consumer slowdown.
Full articleSummary: Investors are looking ahead to Nvidia's earnings report which could have a major impact on AI stocks and the overall market. Nvidia, Eli Lilly, Microsoft, Nu Holdings, Lam Research, Booking Holdings are in focus. Urban Outfitters, Toll Brothers, and Modine Manufacturing reported earnings with mixed reactions from the market.
Full articleSummary: Nvidia is scheduled to report earnings, which could impact AI stocks and overall market. Other companies reporting include Eli Lilly, Urban Outfitters, Toll Brothers, and Modine Manufacturing. Leading stocks like Microsoft, Nu Holdings, Lam Research, and Booking Holdings are flashing buy signals.
Full articleSummary: Investors are looking ahead to Nvidia as the stock market rally nudged higher and major indexes set record highs. Nvidia's earnings will have a significant impact on AI stocks and the overall market. Multiple leading stocks such as Microsoft, Nu Holdings, Lam Research, and Booking Holdings flashed buy signals.
Full articleSummary: NVIDIA has announced new AI performance optimizations for its GeForce RTX GPUs and RTX AI PC platforms with the latest R555 driver release, offering up to 3x faster AI performance with ONNX Runtime (ORT) and DirectML.
Full articleSummary: Gigabyte is reportedly preparing to launch at least eight different Z890 motherboards, with most being part of the AORUS lineup. The upcoming boards are expected to support next-gen Intel processors and feature a new family of motherboards called AI TOP, which focuses on artificial intelligence.
Full articleSummary: Comcast Cable CEO Dave Watson acknowledges fiber as the main long-term competitor and emphasizes the company's commitment to network investments and upgrades, including the launch of DOCSIS 4.0 and multi-gig symmetrical speeds. Comcast is also expanding passings and engaging in public-private partnerships for rural broadband projects.
Full articleSummary: Advanced Micro Devices (AMD) benefits from portfolio strength and expanding partner base. PepsiCo (PEP) outpaces industry with core category strength and international business performance. SAP SE (SAP) sees outperformance due to cloud business momentum and strategic growth focus.
Full articleSummary: Asymchem is expanding its global presence by acquiring Pfizer's small molecule API pilot plant and development laboratories in Sandwich, England. The company plans to begin operations at the acquired facilities in June and August, respectively, hiring 100 workers by the end of the year, including many former Pfizer employees. Asymchem also intends to enhance the site's manufacturing capabilities for peptides, oligonucleotides, and sustainability.
Full articleSummary: Honeywell and Weatherford announced a partnership to combine software for emissions management in the oil and gas sector.
Full articleSummary: AWS has decided to pause its orders for Nvidia's Grace Hopper solutions and wait for the upcoming Grace Blackwell superchips to take advantage of enhanced AI processing power. Analysts estimate that the new Grace Blackwell chips could be priced as high as $70,000 and a full NVL72 server rack equipped with the hardware could cost up to $3 million. Despite the temporary halt in AI chip demand during the production ramp-up of the new chips, analysts remain optimistic about the future demand for Nvidia's products.
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