Summary: Comcast is launching a new streaming service bundle, StreamSaver, for Xfinity customers that includes Netflix, Peacock, and Apple TV Plus at a reduced price, while also offering the option to add NOW TV for additional channels. Peacock will increase its prices in July. Streaming bundles have become a trend, with Disney and Warner Bros. Discovery also announcing a joint bundle.
Full articleSummary: FedEx has been analyzed by 17 analysts in the last three months, with sentiments ranging from bullish to bearish. Recent average target price reflects a 3.55% increase. Analysts have recently adjusted their ratings and price targets, showing a mix of actions.
Full articleSummary: Intel has shared details of upcoming CPUs Arrow Lake and Lunar Lake, intensifying competition with AMD Zen 5. Battle for best gaming CPU expected to heat up. Qualcomm's Snapdragon X laptop CPU announcement coincides with Intel's Tech Tour event. Arm-based CPUs pose a challenge to AMD and Intel in the mobile PC space.
Full articleSummary: Worldwide IT spending on software is expected to exceed $1 trillion in 2024 and could fuel a growth in the number of cloud-native applications. IBM is introducing IBM Concert, powered by watsonx AI, to streamline application operations and provide a detailed view of connected applications with recommendations for actions.
Full articleSummary: Artificial intelligence startup Scale AI raised $1 billion in a Series F funding round, valuing the company at $13.8 billion, nearly double its last valuation. The funding round was led by Accel and included a mix of new and existing investors, bringing the total raised to $1.6 billion.
Full articleSummary: PepsiCo to invest over €200m in its crisps manufacturing site in Belgium, creating around 150 new jobs, and increase output by 35%
Full articleSummary: Intel has teased its next-generation Lunar Lake CPUs featuring new AI NPU and Battlemage 'Xe2' integrated GPU, set to be out in Q3 2024 with significant AI performance improvements and breakthrough in battery life.
Full articleSummary: BlackRock Core Bond Trust's stock price passed below its 50 day moving average on Monday, trading down 0.7%. The company also announced a monthly dividend of $0.075 per share with an annualized yield of 8.51%. Hedge funds have been making changes to their positions in the business.
Full articleSummary: Eli Lilly & Co. (LLY) shares set to close at a record high after positive data from a Phase 3 Crohn's disease trial and a collaboration with Aktis Oncology for new cancer-targeting medicines.
Full articleSummary: Saudi oil producer's CEO Amin Nasser confirmed as director of Blackrock amidst concerns about connection to Aramco, fossil fuel advocacy, and climate mission misalignment. Shareholder resolutions addressing environmental initiatives at Blackrock faced low support.
Full articleSummary: Comcast announces a new bundle deal for Xfinity Internet and TV customers that includes Netflix Standard (with ads), Apple TV+, and Peacock Premium (with ads) for just $15 a month.
Full articleSummary: Leading artificial intelligence companies, including Google, Meta, and OpenAI, made safety commitments at a mini-summit in Seoul, while world leaders agreed to establish safety institutes for AI research and testing.
Full articleSummary: Microsoft announced the first wave of PCs using Qualcomm's Snapdragon X Elite and X Plus chips, powering Copilot Plus PCs with AI features. Laptops from Acer, HP, Lenovo, Samsung, and Microsoft are set to be available starting June 18, offering impressive performance metrics and estimated battery life.
Full articleSummary: Endeavour Mining PLC discloses a change in shareholding by BlackRock, Inc. as of May 20, 2024.
Full articleSummary: Whales have taken a bearish stance on Bristol-Myers Squibb with the majority of investors opening trades with bearish expectations. Options history shows a higher volume of bearish trades compared to bullish trades. Analysts have issued a mixed sentiment with an average price target of $45.5 for BMY stock.
Full articleSummary: Comcast announces StreamSaver bundle of Apple TV+, Netflix, and Peacock services at $15 per month for both new and existing Xfinity Internet and TV customers, aiming to capture market share in the streaming industry.
Full articleSummary: Comcast is launching a new $15 per month streaming bundle called 'StreamSaver' combining Netflix, Apple TV Plus, and Peacock, offering $8 monthly savings. The bundle includes ad-supported Netflix and Peacock Premium, while Apple TV Plus remains ad-free. Other companies like Verizon and Disney Plus are also introducing streaming bundles to attract subscribers.
Full articleSummary: Caterpillar Inc. agrees to pay $800,000 to settle allegations of hiring discrimination against Black applicants at its Decatur facility, offer employment to eligible class members, and revise hiring policies.
Full articleSummary: Companies like Wendy's and Target are implementing strategies to attract customers amidst consumer spending pressure and sticky inflation. Wendy's introduced a $3 breakfast combo meal, while Target announced price cuts on 5000 items. Analysts see these moves as crucial to regain market share and drive positive outcomes in the future.
Full articleSummary: Sun King Solar outperforms wind and gas in new US grid power by nearly 90%, dominating forecast new capacity build over next three years.
Full articleSummary: Aktis Oncology will collaborate with Eli Lilly to develop cancer therapies, making Aktis eligible for milestone payments of up to $1.1 billion and royalties on sales.
Full articleSummary: Nasdaq edged lower from record highs, S & P 500 and Dow traded flat. Waller mentioned no immediate need for interest rate hikes, Palo Alto Networks stock fell despite strong RPO. Eli Lilly received approval for a key drug in China, stock jumped.
Full articleSummary: Meta (Facebook and Instagram owner) failed to detect and block ads with AI-generated images promoting hate speech, election disinformation, and incitement to violence in India. The approval of inflammatory ads during critical elections raises concerns about Meta's handling of AI-generated content.
Full articleSummary: Comcast announces StreamSaver bundle including Peacock, Netflix, and Apple TV+ for $15/month for Xfinity customers. Customers can also add NOW TV for $30/month. This move follows a trend of streaming platforms offering bundled services at a discounted rate.
Full articleSummary: Comcast's StreamSaver will provide subscribers with access to various streaming platforms and live sports, as well as bundled apps from Now TV for $30 per month.
Full articleSummary: John Deere plant in Waterloo is laying off 192 workers, with company's production and precision agriculture segment experiencing a drop in net sales due to lower shipment volumes and a projection of decreased large agriculture equipment sales in the U.S. and Canada for the year.
Full articleSummary: PepsiCo to expand its fleet of electric vehicles in California, deploying 50 Class 8 Tesla Semi trucks and 75 Ford E-Transit electric vans to reach net zero emissions by 2040.
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