Summary: Samsung Electronics Co., Ltd. unveiled the Galaxy Book4 Edge, the next-generation AI PC with 45 TOPS NPU AI computing power, offering hyperconnected mobile AI ecosystem. The AI PC is designed to enhance connectivity and productivity, leveraging Samsung Galaxy AI and Snapdragon platform for on-device AI processing and cloud-based AI functionalities. It includes features like recalling documents using AI, live captions for video calls, and enhanced creative tools.
Full articleSummary: Ford Pro in Europe is launching a new home charging solution for electric vans, including training, charger, installation, management software, and a five-year warranty. This service aims to help small and medium-sized businesses in Europe transition to electric vehicles more easily.
Full articleSummary: Caterpillar has updated its PM300 cold planer series to deliver more milling power and improved containment of material, incorporating the Cat C9.3B engine with enhanced features and achieving better material containment through various design enhancements.
Full articleSummary: Nvidia's stock has surged over 91% this year and may receive a boost from its first-quarter fiscal 2025 earnings report, with analysts predicting higher earnings and revenue than consensus expectations.
Full articleSummary: Recently released documents raise concerns regarding Intel's compliance with pollution regulations and permits from the Oregon DEQ and EPA, suggesting potential under-reporting of emissions and non-compliance with environmental standards.
Full articleSummary: Stock market had a mixed performance as Dow Jones closed above 40,000 points for the first time in history but ended lower. Various companies are set to report earnings this week and the focus is on artificial intelligence players like Microsoft and Nvidia.
Full articleSummary: Microsoft announces an upgraded version of its AI assistant, Copilot, with features like Windows Recall to track user activity on PCs. The company aims to integrate AI into its Windows operating system and protect user privacy by allowing them to filter out tracked data. The move follows AI developments by Google and OpenAI.
Full articleSummary: Caterpillar announced a new educational programme, Pathways to Sustainability, to support energy transition of mining, quarry and aggregate industry customers, offering training opportunities based on six strategic areas.
Full articleSummary: The New York Stock Exchange (NYSE) adopted new regulatory halt procedures for reverse stock splits to enhance investor protection by mandating regulatory halts before and after market-effective dates. The amendments aim to prevent ill-advised trades due to unawareness of stock splits.
Full articleSummary: Apple's payment business is seen as having solid growth potential around Apple Pay, B2C payments, and potentially B2B payments over the long-term, with efforts to increase adoption and provide comprehensive payment services. Apple is working on initiatives like tap-to-pay and partnering to enhance B2C and potentially B2B functionality. The company's Buy Now, Pay Later service could help improve its position in e-commerce.
Full articleSummary: United Parcel Service (UPS) has received a consensus recommendation of 'Hold' from analysts. The average 12-month price objective is $165.23. Recently, UPS stock has been upgraded by various analysts and has reported better-than-expected earnings results.
Full articleSummary: Ford has refreshed the 2025 Maverick with changes to the front fascia, headlights, and lower fascia. The model is speculated to include some performance model options and may maintain the XL, XLT, and Lariat trims with 2.0-liter EcoBoost and 2.5-liter Hybrid engine choices.
Full articleSummary: Citigroup issued a buy rating and a $64.00 price target on Loar (NYSE:LOAR) shares. Royal Bank of Canada also gave an outperform rating with a $60.00 price objective. Insider activity included a director purchasing 71,429 shares at an average cost of $28.00 per share.
Full articleSummary: Citigroup downgraded Rio Tinto Group shares from a buy rating to a neutral rating. The company has a consensus rating of Moderate Buy with a consensus target price of $72.00. Despite the downgrade, Rio Tinto Group announced an increase in dividend, with a dividend yield of 6.6%.
Full articleSummary: Citigroup initiated coverage on Huntington Ingalls Industries with a buy rating and a $310.00 price target. Several other brokerages also reiterated their ratings on HII. The company has an average rating of Moderate Buy and a consensus target price of $278.00. Huntington Ingalls Industries reported quarterly earnings, beating the estimate and announced a quarterly dividend of $1.30.
Full articleSummary: Target is reducing prices on 5,000 common goods including milk, butter, and pet food to help consumers save money.
Full articleSummary: Google is investing an additional 1 billion euros to expand its data center campus in Finland, aiming to bolster its AI business in Europe and enhance its technological infrastructure and AI capabilities in the region. The investment aligns with Google's commitment to renewable energy and sustainable practices, with the Finnish data center operating with 97% carbon-free energy. This move reflects Google's strategy to expand its infrastructure while adhering to environmental sustainability goals.
Full articleSummary: Rubrik (NYSE:RBRK) received overweight ratings and price targets from various equity analysts including Capital One Financial, Mizuho, Barclays, Wells Fargo & Company, Truist Financial, and The Goldman Sachs Group. The consensus rating is Moderate Buy with an average target price of $44.50.
Full articleSummary: StockNews.com downgraded Bank of America (BAC) from a hold rating to a sell rating in their research note. Various other analysts have also provided ratings ranging from hold to outperform. Bank of America's average rating is Hold with a consensus price target of $38.70.
Full articleSummary: Salesforce CEO Marc Benioff sold significant amounts of Salesforce stock in multiple transactions during May, leading to a total value of millions of dollars. The disclosed transactions impacted the CEO's ownership of the company's shares.
Full articleSummary: BlackRock, Inc. has crossed the threshold of a 5% stake in Golden Ocean Group Limited, now holding a total of 5.22% of shares and voting rights as of May 16, 2024.
Full articleSummary: A McDonald's manager used a heat lamp designed for food to dry a mop head, creating potential food safety concerns. The incident has caused shock and disgust among customers and led to McDonald's providing re-training on sanitization and food safety procedures at the location.
Full articleSummary: Apple's newest iPad Pro 13 may have 12GB onboard RAM limited to 8GB, with theories surfacing as to why this limitation was implemented. The new M4 iPad Pro models feature 9-core or 10-core CPUs, and internet sleuths are dissecting teardowns to uncover the components used by Apple.
Full articleSummary: Lockheed Martin, a major player in the LRHW program, has been awarded a $756 million contract by the U.S. Army for hypersonic weapons deployment. The LRHW system consists of ultra-fast missiles that can be launched from mobile ground platforms such as Army trucks.
Full articleSummary: Caterpillar Inc. is investing $90 million to produce the new Cat C13D industrial engine at their facilities in Schertz and Seguin, which is expected to create 25 new jobs in Schertz starting in 2026.
Full articleSummary: Microsoft debuts new AI PC named 'Copilot+' to compete with Alphabet and Apple, introduces Recall feature to track user activities, aims to sell 50 million AI PCs in next year, showcases new devices with Qualcomm chips and Prism technology in competition against Apple.
Full articleSummary: Microsoft unveiled a new line of Windows PCs called Copilot+ PCs designed with AI at the center, offering natively integrated AI features and improved battery life. The new chip architecture combines CPU, GPU, and high-performance Neural Processing Units for efficient AI processing.
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