Summary: Fire broke out at Tesla's vehicle assembly plant in Fremont, California, no injuries reported. The incident was described as a two-alarm, commercial structure fire in a two-story building with the origin believed to be an oven. This follows recent layoffs at the company.
Full articleSummary: Pfizer Inc won the dismissal of a long-running shareholder class action accusing the company of misleading investors about the safety of its Celebrex and Bextra drugs, due to lack of admissible loss causation and damages evidence.
Full articleSummary: Microsoft launched a new category of personal computers with AI features to compete with Alphabet and Apple. The new computers, named Copilot+, can handle AI tasks without a cloud data center, feature a 'Recall' function, and run a real-time virtual coach for games. Microsoft also introduced Snapdragon X Elite chips by Qualcomm to accelerate AI applications.
Full articleSummary: AI-capable laptop processors with Copilot+ are hitting the market, powered by Snapdragon X Elite chipset and Intel Lunar Lake processors, targeting creative professionals with AI features for boosted productivity.
Full articleSummary: Starbucks (NASDAQ: SBUX) has been given a 'Hold' recommendation by twenty-five brokerages, with sixteen analysts rating it as 'Hold' and nine as 'Buy', with an average twelve-month price target of $96.43. There has been a recent decrease in price targets and rating downgrades by various research firms.
Full articleSummary: Intuit Inc.'s stock price hit a new 52-week high after UBS Group raised their price target on the stock from $625.00 to $670.00, with several other analysts also increasing their price targets, forecasting a positive outlook for the company.
Full articleSummary: A group of Tesla shareholders are urging others to reject Musk's proposed pay package and vote against the reelection of board members James Murdoch and Kimbal Musk due to concerns about personal ties to the CEO.
Full articleSummary: Nike Air Jordan 1 will release new collaboration pairs with Travis Scott in 2025 celebrating its 40th anniversary, featuring unique colorways and special packaging. The rumored 'Dark Pony/Pink Oxford' design is expected to have distinctive features like reverse profile Swooshes and Cactus Jack branding.
Full articleSummary: A lawsuit has been filed against Tesla by the widow of an employee who died in a crash involving a Model 3, with claims of design and manufacturing defects as well as negligence. The case could hinge on proving whether Tesla's self-driving feature was engaged at the time of the accident. Previous incidents of crashes involving Tesla vehicles have raised concerns about the limitations of the self-driving technology.
Full articleSummary: EUR/USD pair trades stronger amid focus on Fedspeaker and upcoming ECB President Christine Lagarde's speech. Fed officials express confidence in reaching 2% inflation target, while ECB is anticipated to lower borrowing costs. Analysts believe monetary policy divergence may weigh on the Euro and create headwinds for the EUR/USD pair.
Full articleSummary: Former BlackRock VP files a $20 million lawsuit against the company, claiming he was wrongfully fired after speaking up about colleagues' shady dealings and being asked to shut down a project monitoring client discussions. Lawsuit involves key figures at BlackRock like Perkins-Munn and involves allegations of favoritism towards Rightpoint. Allegations raised amid House Select Committee scrutinizing BlackRock and MSCI for potential involvement in funneling funds to blacklisted Chinese companies.
Full articleSummary: JPMorgan Chase & Co.'s stock price decreased by 4.50% in the current trading session following CEO Jamie Dimon's signals of possibly early retirement, as well as investor focus on succession planning. Analysts on Smartkarma are bullish on JPM with high scores in Growth and Momentum, indicating a positive long-term outlook.
Full articleSummary: Target is cutting prices on thousands of consumer basics this summer to follow customer spending habits. Walmart also posted strong quarterly sales due to an influx of bargain-seeking customers.
Full articleSummary: Dow Jones briefly hit a new record high before closing lower, as Federal Reserve officials express cautious tones about future policy decisions. Rate markets are still expecting a rate cut in September, but odds are decreasing.
Full articleSummary: Thunder, a Salesforce and Cloud consulting company, announced a new offering of Salesforce Data Cloud which aims to optimize Marketing and Services operations by providing a unified platform for making smarter decisions, automating processes, and utilizing AI.
Full articleSummary: Bank of America boosted Whirlpool's price target from $63.00 to $75.00. Several research firms have provided ratings and price targets for WHR, with consensus target price of $111.00. Whirlpool announced a quarterly dividend of $1.75 per share.
Full articleSummary: Jamie Dimon, CEO of JPMorgan Chase, signals that his retirement timetable has changed, moving ahead with succession plans. The bank raises its forecast for net interest income and hints at more aggressive stock repurchases when prices decline.
Full articleSummary: Apple has released the new M4 iPad Pro with hot new specs and a thin design, which is the most expensive tablet they have ever made. Amazon is offering an early deal on the silver model starting at $950, with the potential for more deals on other colors. The new iPad includes an OLED Ultra Retina XDR Display, ProMotion technology, and a brand new M4 chip with up to 10 CPU cores.
Full articleSummary: Fengate Asset Management has opened its Prairie Switch wind park in Texas, supplying green power for Meta Platforms Inc. The wind park is expected to generate electricity for about 50,000 average homes per year.
Full articleSummary: PepsiCo Inc rebrands pancake mix and syrup products from Aunt Jemima to Pearl Milling Company due to racial stereotype roots, with products set to arrive in market in June. Company commits $1 million to support Black girls and women.
Full articleSummary: Microsoft unveiled a new category of personal computers called 'Copilot' featuring advanced AI capabilities, aimed at incorporating emerging technology into its products and competing with industry giants Alphabet and Apple. The new devices will be available for purchase on June 18 starting at $1,000.
Full articleSummary: Click to Pay (C2P) revolutionizes online payments by allowing shoppers to make purchases without sharing credit card details, potentially posing a threat to PayPal. The system utilizes encrypted tokens for secure and convenient transactions.
Full articleSummary: Palo Alto Networks is acquiring IBM's QRadar SaaS assets for at least $500 million in a deal aimed at capturing security operations opportunities from large enterprises faster. The deal will allow for the immediate transition of QRadar customers to Palo Alto Networks' XSIAM without waiting for contract expirations or RFPs.
Full articleSummary: IBM (NYSE: IBM) announced significant updates to its watsonx platform at its annual THINK conference, emphasizing a commitment to open-source artificial intelligence (AI) and new data and automation capabilities. The company introduced new models, collaborations with tech firms, and AI-powered automation capabilities.
Full articleSummary: US national security officials have warned Google, Meta, and other firms that their undersea internet cables could be at risk of tampering by China-controlled repair ships, raising concerns about the security of data flow from the US to Asia.
Full articleSummary: Advocacy group 'Ban the Batistas' emerged opposing JBS SA, world's largest meat producer and its owners, the Batista Brothers, from listing their shares on the New York Stock Exchange due to allegations of corruption and criminal behavior.
Full articleSummary: Simon Property Group Inc wird positiv bewertet, sowohl aufgrund des RSI als auch des Anleger-Sentiments und der technischen Analyse.
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