Summary: IBM announced several key initiatives aimed at fostering open innovation in AI, including the open-sourcing of its powerful Granite model family and the launch of InstructLab with Red Hat. IBM is also releasing new watsonx updates, including new AI assistants and integrations with third-party models, with the goal of increasing openness, affordability, and flexibility in its AI capabilities.
Full articleSummary: Microsoft introduced new AI features at its Build conference, including OpenAI's GPT-4o and Microsoft's Cobalt 100 CPU. The company also showcased Phi-3 language models and announced Copilot upgrades for Microsoft 365. Microsoft is making efforts to grow its cloud business through AI applications.
Full articleSummary: Davis R M Inc. trimmed its holdings in Medtronic plc by 4.1% in the fourth quarter, with other hedge funds also modifying their holdings of the company. Insider transactions involving EVPs were disclosed, and Medtronic's stock traded up 0.8%. Analysts have set new price targets for Medtronic.
Full articleSummary: Bernie Clark, head of advisor services at Charles Schwab for over a decade, is stepping down next month and transitioning to an advisory role. He has been a pivotal figure in growing Schwab's RIA custody business to over $4 trillion in assets. Schwab faces competition in the RIA custody business from traditional rivals like Pershing and Fidelity, as well as newer entrants in the market.
Full articleSummary: McDonald's is offering free six-piece Chicken McNuggets this Wednesday for customers who order through their mobile app, while planning to introduce a $5 meal deal this summer as part of a broader strategy to address affordability concerns in a tough economy.
Full articleSummary: MetLife, Inc. introduced a new digital tool called My Leave Navigator to support employees in pre-leave planning and accessing employer-sponsored programs. The tool aims to increase confidence and awareness of available benefits, ultimately enhancing employee loyalty and productivity. MetLife's shares have outperformed the industry with a 39.2% gain in the past year.
Full articleSummary: Nvidia is at the center of the action in technology with upcoming quarterly earnings report expected to show significant revenue growth and profit. Analysts project a 243% year-over-year revenue increase to $24.6 billion, with a large portion of it coming from the data center business. Nvidia has strong partnerships with companies like Google, Microsoft, Meta, Amazon, and OpenAI for AI-specific infrastructure.
Full articleSummary: Costco, the popular warehouse club, is expanding with the opening of six new club locations in the U.S. this June and July. The company continues to build new stores, offering affordable deals to shoppers and attracting members with its bulk-selling of everyday essentials. Tips for maximizing a Costco membership include shopping with a plan, saving on big-ticket items, buying discounted gift cards, and refilling gas at the club's affordable prices.
Full articleSummary: McDonald's is offering free six-piece chicken McNuggets to customers on Wednesday with no purchase necessary but must be ordered through the mobile app. More deals are expected throughout the summer season.
Full articleSummary: Crypto firms in North America are targeting the storage of digital assets for institutional clients, with Taurus and Fireblocks expanding their custodial business. Fireblocks plans to launch a trust company in New York for registered investment advisers, asset managers, venture capitalists, and exchange-traded fund providers.
Full articleSummary: Comcast is launching a new $15 per month subscription bundle called StreamSaver, which combines Netflix's ad-supported plan, Peacock's ad-supported Premium plan, and Apple TV Plus. This aims to offer monthly savings of around $8 to Xfinity Internet and TV customers. Bundles are becoming popular among streaming services to combat rising prices and retain subscribers.
Full articleSummary: West Sussex County Council reports a significant increase in costs for implementing an Oracle enterprise resource planning system compared to the original estimate, following difficulties in implementation. The council now plans to allocate up to £26 million for full implementation by 2027.
Full articleSummary: NNN REIT announces 34 years of annual dividend increases, discusses investment strategy, and strong occupancy rate.
Full articleSummary: Intel has given a preview of its upcoming Lunar Lake processors for laptops, featuring the new Lion Cove P-cores and Skymont E-cores, improved integrated Xe2 GPU with Battlemage technology, upgraded Neural Processing Unit (NPU) with enhanced AI capabilities, and plans to introduce LPDDR5 memory. Intel CEO Pat Gelsinger will provide more details at Computex on June 4, including insights on Arrow Lake desktop CPUs that will incorporate innovations from Meteor Lake.
Full articleSummary: Eric Fry believes that the next $1 trillion AI stock could provide gains similar to Nvidia over 40 years in the coming months.
Full articleSummary: A Singapore Airlines Boeing 777 hit severe turbulence on a flight from London, resulting in one fatality and multiple injuries. This incident adds to recent troubles faced by Boeing, including fuselage issues and fatal crashes involving the 737 MAX.
Full articleSummary: Financial giants have made a conspicuous bullish move on Exxon Mobil with 72% of traders being bullish and 18% bearish. Analysis of options trading shows investors aiming for a price range of $112.0 to $130.0 over the recent months. Various trades with bullish and bearish sentiments have been identified.
Full articleSummary: Tesla provided a significant update on the development of its electric semitrucks, confirming production-spec deliveries to customers by 2026, offering more details on range and payload capacity for the EV truck, and announcing plans to ramp up production to 50,000 units a year. Tesla stock rose 4.5% following the news.
Full articleSummary: Disney's Pixar Animation Studio initiated layoffs, cutting 14% of its workforce, amounting to around 175 employees. This is the biggest staff reduction in Pixar's history. The layoffs were expected since January and are part of Disney's spending cuts.
Full articleSummary: Two analysts maintained Buy ratings on Amgen (AMGN), while Barclays assigned a Hold rating. Amgen has a one-year high of $324.85 and a one-year low of $205.30. The company is a leading biotechnology firm focusing on various therapeutic areas.
Full articleSummary: PTC Therapeutics had its price target increased by Citigroup to $26.00 with a 'sell' rating, implying a potential downside of 32.68% from the current price. Various other analysts also provided ratings and target prices for the stock. Insight into the company's earnings report and insider transactions were also mentioned.
Full articleSummary: Asymchem Laboratories (TianJin) set to operate former Pfizer UK small molecule active pharmaceutical pilot plant in Europe, expanding its manufacturing footprint, including peptide and oligonucleotide production capabilities.
Full articleSummary: Franklin Resources Inc. decreased its position in Amgen Inc. by 9.1% in the 4th quarter, other investment firms have also bought and sold shares of AMGN, insider transactions reported, Amgen stock down by 0.5%, quarterly earnings results exceeded consensus estimates, quarterly dividend announced, several analysts issued new price targets with a consensus rating of 'Moderate Buy', Amgen business profile shared.
Full articleSummary: Comcast has announced a new bundle called Xfinity StreamSaver, offering access to Peacock, Netflix, and Apple TV+ for $15/month to its internet and TV subscribers, allowing them to save more than 30 percent.
Full articleSummary: Comcast's CEO Dave Watson emphasizes on growing revenue amidst competitive broadband market, focusing on stable revenue rather than customer additions. The company experienced negative growth in broadband users but maintained average revenue per customer at 4.2% in Q1.
Full articleSummary: King Luther Capital Management Corp reduced its stake in PayPal Holdings, Inc. by 7.1% during the fourth quarter, selling 122,601 shares. Several other hedge funds also made changes to their positions in the stock. Insider selling occurred with 7,686 shares sold at an average price of $60.64. Analysts have issued varied ratings on the stock.
Full articleSummary: Booking Holdings (BKNG) has outperformed the market over the past 20 years by 20.18% on an annualized basis with an average annual return of 28.22%. If an investor had bought $1000 of BKNG stock 20 years ago, it would be worth $149,798.10 today.
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