Summary: Comcast announced a premium streaming bundle including Xfinity StreamSaver, Apple TV+, Netflix, and Peacock for new and existing customers.
Full articleSummary: Keysight Technologies and Nordson fall due to lower earnings forecast, while Eli Lilly and Lam Research rise on positive news.
Full articleSummary: Microsoft is making groundbreaking advances in AI, introducing new Copilot+ PCs, expanding GitHub Copilot with extensions, unveiling new frontier models and multimodal capabilities in Azure AI, partnering with various organizations for AI projects, and introducing powerful new virtual machines for AI adoption.
Full articleSummary: Wells Fargo is downsizing within the 37-story tower in Downtown Jacksonville and will no longer carry signage rights, leading to the removal of its name from the building. New owners are looking for new tenants for signage rights on the tower. Wells Fargo's lease is expected to downsize to two floors by October 2024.
Full articleSummary: Google is expected to reveal how ads will look in generative AI-powered search at its Marketing Live event. It has also heavily invested in Performance Max, a tool that uses AI to place ads across different platforms.
Full articleSummary: Rock 'n' Roller Coaster at Disney's Hollywood Studios is scheduled to reopen on July 27, 2024 after a routine refurbishment. Adena Corporation, known for its work on various Disney projects, is involved in the renovation.
Full articleSummary: Microsoft is hosting its Build developer conference featuring new AI announcements and products like Arm-powered 'Copilot Plus PCs' with Prism emulation layer for x86 apps compatibility.
Full articleSummary: GE Aerospace plans to hire more than 900 engineers in 2024 to focus on innovation in current aircraft engine programs and future flight technologies.
Full articleSummary: Wells Fargo (NYSE: WFC) holds the third position as the largest commercial bank in the US, with $1.7 trillion in assets. Despite facing scandals that have impacted its reputation, the bank has shown improvements in its performance and earnings, leading to a hold rating from analysts.
Full articleSummary: Cisco and Palo Alto Networks are investing in real-time security capabilities such as XDR and AI-powered technologies to enable faster threat detection. Palo Alto Networks is focusing on delivering real-time security through Precision AI capabilities, while Cisco's acquisition of Splunk enhances its XDR platform.
Full articleSummary: Caterpillar agrees to pay $800,000 to settle racial hiring discrimination allegations at its facility, including back wages, interest, and job offers to affected applicants.
Full articleSummary: The Dow Jones Industrial Average reached the 40,000-point mark for the first time ever, closing above it on Friday and maintaining it in early trading on Monday. The Dow, comprised of 30 stocks, has been an influential index reflective of the state of the economy and the market's movements for over 100 years.
Full articleSummary: Tesla employees are facing ongoing job cuts and layoffs, causing anxiety and uncertainty about job security. CEO Elon Musk has slashed the company's workforce by over 10%, with more cuts expected through June. The turmoil has led to a decrease in Tesla's stock value by 29% this year.
Full articleSummary: Avantax Advisory Services Inc. increased its holdings in MetLife, Inc. by 8.9% in the fourth quarter. The fund owned 12,616 shares of MetLife worth $834,000 at the end of the quarter. MetLife announced a quarterly dividend increase and initiated a share repurchase plan to buy back $3.00 billion in shares.
Full articleSummary: NHTSA has opened an investigation into Tesla's Autopilot remedy after identifying 13 fatal crashes related to foreseeable driver misuse, prompting concerns over the system's safety and effectiveness.
Full articleSummary: IBM and Salesforce expand their partnership to advance open and trusted AI and data ecosystems through bidirectional data integration, large language model flexibility, and industry-specific prompts and actions for CRM solutions
Full articleSummary: NVIDIA is expanding its RTX professional graphics line with two new NVIDIA Ampere architecture-based GPUs, the RTX A400 and RTX A1000, which offer accelerated ray tracing, AI processing, and improved video processing capabilities.
Full articleSummary: Companies like Match Group, Meta, and Coinbase are launching Tech Against Scams coalition to collaborate on preventing online fraud and financial schemes, particularly focusing on pig butchering scams.
Full articleSummary: Lori Beer, Chief Information Officer of JPMorgan Chase & Co, sold 5,298 shares of the company, totaling approximately $1,062,590.72 in a recent SEC filing. Over the past year, there have been 33 insider sells and no insider buys of JPM shares. The stock's price-earnings ratio was 11.97, above the industry median of 9.725. The intrinsic value of JPMorgan Chase & Co is estimated at $179.84 per share.
Full articleSummary: TD Cowen predicts a challenging second quarter for Boeing (BA) with a strong recovery anticipated in the latter half of 2024 due to productivity enhancements. Despite projected lower Q2 numbers, a 'hockey stick' recovery is expected in Q3 and Q4 with improved delivery rates. SPR's role in accelerating 737 fuselage deliveries is highlighted and issues such as production problems and potential acquisition of SPR could hinder short-term stock performance. TD Cowen reiterates its Buy rating on Boeing.
Full articleSummary: Bill Lawrence is set to debut a new murder-mystery comedy series on Apple TV Plus called Bad Monkey, based on Carl Hiaasen's novel. The show stars Vince Vaughn and is scheduled to premiere on August 14, with Lawrence's daughter making her acting debut. Lawrence, after the success of Ted Lasso, has seen a rise in his career with multiple successful projects in development.
Full articleSummary: Comcast announces a new streaming bundle called StreamSaver, offering Peacock, Netflix, and Apple TV+ for $15 per month for Xfinity internet and TV customers. Customers can also combine it with Comcast's NOW TV for $30 per month. The service includes a subscription to Netflix standard plan with ads, Peacock Premium, and Apple TV+.
Full articleSummary: Google has become the third-largest designer of datacenter processors, following Nvidia and Intel, with the emergence of its custom silicon for its own datacenters, particularly Tensor Processing Units (TPUs). The company's chip business has significantly increased with the introduction of TPU v4 in 2021 and large language models, making Google a major player in the AI computing infrastructure.
Full articleSummary: Ford's recent patent filing reveals plans to introduce climate-controlled frunks in electric vehicles, allowing for the temperature regulation of groceries and other items stored in the front trunks.
Full articleSummary: IBM announced multiple new updates to the watsonx platform and other AI-powered tools during IBM Think 2024, including release of Granite models as open source, launch of InstructLab in collaboration with RedHat, and expansion of Watsonx assistants and GPU offerings.
Full articleSummary: IBM CEO Arvind Krishna discussed the impact of generative AI on the economy, stating it will add $4.4 trillion in GDP by 2030 and emphasized the need for companies to swiftly leverage AI's potential. IBM also highlighted its alliance with Adobe over AI development and the importance of quantum computing.
Full articleSummary: Target is lowering everyday regular prices on approximately 5,000 frequently shopped items, with 1,500 items already reduced and more price cuts planned; focus on savings for consumers on items like fresh fruit, vegetables, snacks, milk, meat, and bread.
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