Summary: The Clean Energy Technology market is anticipated to grow at a CAGR of 7.68% during the forecast period, with a focus on renewable energy sources like solar, wind, hydro, geothermal, and biomass to minimize negative environmental impacts. Major companies including General Electric, NextEra Energy, and Siemens Gamesa Renewable Energy are highlighted in the market report. Notably, Alternus Energy Group Plc and Clean Earth Acquisitions Corp. have signed a business combination agreement aimed at advancing climate technologies.
Full articleSummary: Tesla's short video believed to showcase interior of long-rumored self-driving taxi, Elon Musk promoting $56 billion compensation package and relocation of state of incorporation to Texas.
Full articleSummary: Apple's China business shows positive signs with stronger monthly App Store numbers and expected growth in services revenue, leading to a bullish outlook from Jim Cramer and Morgan Stanley analysts.
Full articleSummary: Eli Lilly signed a $1 billion deal with Aktis Oncology to develop new radiopharmaceuticals, with an initial cash payment of $60 million and additional payments based on milestones.
Full articleSummary: Boeing presents amended contract offer to union firefighters with improved wage growth schedule, union members to vote on it by Wednesday.
Full articleSummary: U.S. stock indexes set more records with the S&P 500, Nasdaq composite, and Dow Jones Industrial Average all rising. Companies like Macy's and Lam Research reported stronger profits, while Lowe's fell despite better results. Rates remain high, but hopes for Federal Reserve rate cuts are strengthening.
Full articleSummary: Apple released tvOS 17.5.1, a minor update addressing a bug with the Photos app that could cause deleted images to reappear. It may address the same issue fixed in iOS 17.5.1.
Full articleSummary: King Luther Capital Management Corp reduced its stake in Colgate-Palmolive by 8.4% during the 4th quarter, with multiple other institutional investors also adjusting their holdings of the stock. Colgate-Palmolive recently declared an increased quarterly dividend and beat earnings estimates, showcasing a positive financial performance. Wall Street analysts have been optimistic about the stock, with a consensus rating of "Moderate Buy" and an average target price of $92.35.
Full articleSummary: Microsoft announced various updates related to AI at the Build 2024 keynote, including enhanced capabilities of Copilot AI agents for virtual employees, a new version of Phi-3 AI model called Phi-3-vision, AI-powered real-time video translation feature in Edge browser, and the ability to add custom emojis in Microsoft Teams. Additionally, Qualcomm introduced a Snapdragon Dev Kit for Windows, and Microsoft integrated Git into File Explorer for developers.
Full articleSummary: Nvidia stock wavered after reports of Amazon halting orders for current data center processors to wait for a more powerful model later this year. Other semiconductor stocks like Lam Research, Qualcomm, and TSMC moved on the news.
Full articleSummary: Lockheed Martin has won a contract to enhance the capabilities of the ground-based Long Range Hypersonic Weapon system for the U.S. Army.
Full articleSummary: Pfizer's Hospira, Inc. is recalling certain lots of Buprenorphine Hydrochloride Injection and Labetalol Hydrochloride Injection due to potential incomplete crimp seals, which could lead to lack of therapeutic effect and systemic infection if administered. No adverse events have been reported so far.
Full articleSummary: PennantPark Floating Rate Capital Ltd. announced the refinancing of a $300.7 million debt securitization in the form of a collateralized loan obligation (CLO) with an extended maturity to April 2036. The Company's CEO highlighted the market-leading cost of capital and lower cost of debt capital for PFLT and PSSL.
Full articleSummary: Nvidia is set to report its first quarter earnings, analysts expect revenue and profits to rise significantly, with a surge in demand for its chips amid the AI boom. There are concerns about the transition from Nvidia's current Hopper line to its Blackwell line impacting sales.
Full articleSummary: US stocks are heading for a weaker open after Federal Reserve officials caution against rate cuts, despite upbeat earnings. Attention on Fed speakers and corporate news including Macy's, Lowe's, and Nvidia. Oil prices fall on demand concerns.
Full articleSummary: A large pension fund is urging Tesla shareholders to vote against the reelection of key figures like Kimbal Musk and James Murdoch, as well as Elon Musk's $55 billion stock package due to concerns over governance, performance decline, and Musk's excessive commitments. The pension fund argues that the pay package lacks proper incentives and places Tesla at risk due to Musk's erratic behavior and lack of focus.
Full articleSummary: Tesla (TSLA) shares are trading higher after providing an update on its long-awaited electric Semi truck project, with plans to deliver by early 2026 and potential production of 50,000 units annually at a new facility in Nevada.
Full articleSummary: Meta Platforms India allegedly failed to filter politically inflammatory content in at least 14 advertising campaigns during the ongoing general elections in India, US-based activist bodies claim. The ads contained misinformation, hate speech, and incitement to violence, and some were AI-generated or manipulated by generative AI platforms.
Full articleSummary: Boeing Co. pledges $240 million towards Montreal-area aerospace cluster to develop drones and greener aircraft, part of a larger $415 million initiative involving private sector and provincial contributions. The cluster aims to leverage Quebec's talent and business environment to drive innovation in aerospace.
Full articleSummary: Target will be lowering prices on approximately 5,000 frequently shopped items ahead of Memorial Day, Fourth of July, and back-to-school season, adding to separate already reduced prices on about 1,500 items. The price reductions include various essential items like groceries, household products, and personal care items to help consumers save more this summer.
Full articleSummary: Callaway launches Paradym AI Smoke Triple Diamond MAX driver aimed at golfers looking to lower spin and add forgiveness off the tee. The driver offers extra forgiveness and lower spin due to its increased size of 460cc while maintaining a compact look from address. Price at $599, it will be available for preorder starting May 28 in 9 and 10.5 degrees of loft.
Full articleSummary: PepsiCo Beverages North America (PBNA) is expanding its electric-powered fleet across California by adding 50 Class 8 Tesla Semi trucks and 75 Ford E-Transit electric vans to its manufacturing and distribution facilities in Fresno, with the goal of reaching net zero emissions by 2040. The company is also launching a job training program for students in the field of electric trucks and infrastructure maintenance.
Full articleSummary: IBM CEO Arvind Krishna appeared uncertain about charging for access to AI models at IBM Think event. He mentioned adapting strategy according to market demand and observing the marketplace's response before providing a detailed plan.
Full articleSummary: Tech companies including Meta, Match Group, Coinbase, Kraken, Ripple, and Gemini are joining forces to combat online financial scams by forming the Tech Against Scams coalition.
Full articleSummary: Citigroup is facing a racial discrimination lawsuit alleging that the bank charged out-of-network fees for transactions at Citi ATMs to white customers but waived these fees for customers of minority-owned banks as part of an effort to combat racial inequality.
Full articleSummary: FuboTV Inc. granted restricted stock unit awards to new employees under the 2023 Employment Inducement Equity Incentive Plan, which vest annually over a four-year period.
Full articleSummary: Nvidia announced a new game-ready driver with support for new games and G-Sync compatible monitors, including DLSS integration in various games and significant gaming performance improvements. The driver also fixes bugs in games like Tekken 8 and Horizon Forbidden West Complete Edition.
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