Summary: BlackRock World Mining Trust PLC reported unaudited net asset values at 631.37p capital only (undiluted) and 642.18p including current year income (undiluted) as of close of business on 20 May 2024.
Full articleSummary: Adobe unveils Generative Remove in Lightroom, empowering users to remove unwanted objects from photos with high-quality results; Lightroom adds Lens Blur tool and streamlined mobile user-interface for faster and easier photo editing for all skill levels; Adobe commits to responsible innovation with AI Ethics principles and Content Credentials attached to edited photos.
Full articleSummary: Pixar is reducing its headcount by around 14 percent, focusing on making theatrical feature films as Disney cuts costs and scales back on original content for Disney+.
Full articleSummary: Nike SB team set to revisit the model Dunk Low Pro B with a possible reissue of the OG style in 'Parachute Beige' colorway.
Full articleSummary: Microsoft announces partnership with AMD to provide AI chips for cloud computing clients which offer 40% performance improvement over competitors. Requirements for 'AI-first' PCs set by Microsoft include partnership with Intel, AMD, and Qualcomm to build neural processing units. While Intel and AMD's current chips do not meet Microsoft's NPU performance requirements, both companies have future processors in the pipeline to enhance NPU performance.
Full articleSummary: Bank of America has asked a U.S. appeals court to revive its lawsuit seeking over $163 million in interest from the IRS in a dispute over tax liability involving past mergers. The bank claims it should be allowed to net interest on pre-merger tax overpayments and underpayments, arguing it is considered the 'same taxpayer' post-merger as per state law.
Full articleSummary: FedEx Corp (FDX) stocks were yielding above the 2% mark based on its quarterly dividend, emphasizing the importance of dividends for investors as they historically contribute significantly to the stock market's total return.
Full articleSummary: Warren Buffett has unveiled Chubb as Berkshire Hathaway's ninth-largest holding, with a purchase of 26 million shares for $6.7 billion. Chubb, a Zurich-based insurance giant, has shown resilience in the recession-proof insurance industry and has seen increased net written premiums and net investment income.
Full articleSummary: Deep-pocketed investors have adopted a bullish approach towards Johnson & Johnson (JNJ), showing significant options activity with a focus on a price band between $145.0 and $185.0. Notable options include bullish call sweeps and puts with a mostly bullish sentiment.
Full articleSummary: Allegations of profiteering and bullying behavior by Moderna and Pfizer during South Africa's negotiations to procure Covid vaccines have been revealed by the Health Justice Institute. Moderna's demands were particularly aggressive, leading to South Africa not procuring supplies from the company.
Full articleSummary: A fire broke out at Tesla's factory in Fremont, California, causing external damage and potential production disruptions. The cause of the fire is under investigation.
Full articleSummary: Ford has asked its dealerships to pause investments toward its EV certification program until further discussions take place in June. The company is reviewing feedback from recent meetings with dealers to potentially make changes to the program. Ford aims to simplify operations and enhance trust levels amidst the transition to EVs.
Full articleSummary: Microsoft is introducing a new AI-powered Copilot feature that can automate tasks such as IT help desk service, employee onboarding, and more, by working in the background on automated tasks triggered by certain events. This move aims to reduce repetitive and mundane tasks, rather than replacing jobs entirely.
Full articleSummary: The Federal Circuit revived patent lawsuits against Nokia Corp., ADVA Optical Networking SE, and Cisco Systems Inc. after a district court ruling was vacated due to ownership dispute of the patent.
Full articleSummary: Google has started rolling out AI-powered overviews in web search results, leading to contradictory real-world data. CEO Sundar Pichai discussed concerns about the AI Overviews feature during an interview and emphasized the need to balance AI-generated content with the interests of content creators. Although Pichai claims increased search usage and user satisfaction with the new AI overviews, Google Trends data indicates a growing interest in turning off AI on Google.
Full articleSummary: Apple Watch SE (2nd Gen) is on sale for $189 on Amazon, offering an affordable price for a smartwatch with a variety of features including fitness and safety functionalities. Reviewers have given it high ratings for providing a complete Apple Watch experience at a great value.
Full articleSummary: CAVA Group had its price target raised by Citigroup from $60.00 to $81.00, with a 'neutral' rating. Multiple other research analysts also issued positive ratings and target price increases for the stock. CAVA Group's consensus rating is 'Moderate Buy' with a consensus target price of $62.17.
Full articleSummary: The New York Stock Exchange has launched the NYSE Tech Council, a group of senior technology leaders focusing on AI and cybersecurity best practices. NYSE and Intercontinental Exchange, Inc. have deployed cutting-edge technology to enhance market efficiency and transparency.
Full articleSummary: The California Public Employees’ Retirement System announced its decision to vote against all 12 members of ExxonMobil's board of directors and CEO due to the ongoing lawsuit against activist shareholders, criticizing it as 'reckless' and 'destructive'. CalPERS urged other shareholders to do the same, expressing concerns about the implications of silencing shareholder voices and upending shareholder democracy.
Full articleSummary: Microsoft's Build 2024 keynote for developers featured updates on generative AI products like Copilot, with major announcements including Team Copilot, GitHub Copilot, a Khan Academy partnership, and a surprise Sam Altman interview.
Full articleSummary: Thomson Reuters showcased the collaboration between CoCounsel and Microsoft Copilot, demonstrating its capabilities in completing complex tasks in seconds, aimed at providing professionals with an unparalleled AI experience within Microsoft 365 environment. The demo focused on a legal use case for regulatory compliance, showing how CoCounsel and Copilot can expedite tasks across legal, risk and compliance teams.
Full articleSummary: Philip Morris International Inc.'s price-to-earnings (P/E) ratio of 19.5x is around the market median of 18x in the United States, indicating a moderate valuation. However, the company's recent earnings have been declining faster than most others, raising concerns among investors about its future growth potential.
Full articleSummary: AI startup H, previously known as Holistic AI, has announced an impressive $220 million seed round just a few months after inception. The company, with a strong founding team including former DeepMind members, aims to work on AI agents that perform tasks traditionally done by humans.
Full articleSummary: Microsoft launches new Copilot+ AI-capable personal computers designed to compete with tech giants like Alphabet and Apple, featuring Qualcomm Snapdragon X series processors with AI accelerators and Recall functionality. Microsoft aims to sell 50 million AI PCs with enhanced AI assistant capabilities, targeting consumers considering upgrades. Despite a 15% decline in global PC shipments, Microsoft is optimistic about capturing market share with its Copilot+ PCs.
Full articleSummary: Chipmaker GlobalFoundries and Lockheed Martin partner to secure domestic semiconductor supply for defense systems in collaboration supporting U.S. government's CHIPS and Science Act, with plans for chiplet ecosystem development.
Full articleSummary: Ford Motor Company stock (F) is being closely watched by Zacks.com visitors. Analysts emphasize earnings estimate revisions in determining stock value and predict a Zacks Rank #2 (Buy) for Ford. The stock is graded A for value, indicating it is trading at a discount to peers.
Full articleSummary: Morgan Stanley analysts suggest that TSMC, being the sole supplier for NVDA AI GPU, could benefit greatly from Nvidia's strong outlook. TSMC's stock price is expected to rise if Nvidia's July-quarter revenue guidance beats expectations. The market is anticipating Nvidia's July revenue guidance to assess AI server demand, with Morgan Stanley estimating revenues to reach $26 billion in the current quarter.
Full article