Summary: Medtronic's Heart Catheter demonstrated safety and efficacy in patients with irregular heartbeat, showing favorable results compared to conventional treatments. The Sphere-9 Catheter showcased a 73.8% freedom from AFib and superior procedural efficiency and patient quality of life improvements.
Full articleSummary: Usher's New Look partners with IBM's SkillsBuild program to offer free tech training, including in AI, to underserved youth, aligning with its mission to prepare young people for technology-focused job opportunities and address opportunity gaps.
Full articleSummary: Cisco has released security updates to address high-risk vulnerabilities in multiple products, including Crosswork Network Services Orchestrator and Tail-f High Availability Cluster Communications function pack. IT managers are advised to download and install the updates promptly.
Full articleSummary: Deere & Company announced a second layoff at its Waterloo Operations, affecting approximately 190 production employees. The company also lowered its full-year profit forecast due to farmers buying fewer tractors and equipment.
Full articleSummary: JPMorgan Chase & Co. declared a quarterly dividend of $1.15 per share on outstanding common stock, payable on July 31, 2024.
Full articleSummary: Home Depot is using 'computer vision' technology to prevent shoplifting at self-checkouts while major retailers like Walmart and Dollar General are removing self-checkout lanes due to rising thefts. Target is implementing a similar system called TruScan in all its US stores by the end of the year.
Full articleSummary: Nvidia is expected to report its fiscal first-quarter earnings results after the closing bell, with analysts raising their price targets on the company. The market is excited about Nvidia's latest chip launch and potential collaborations with Dell computers for new IPCs.
Full articleSummary: Davis Polk secured a victory for Exxon Mobil Corporation and ExxonMobil Canada Holdings ULC in a breach of contract action in New York State Supreme Court regarding a Contingent Resource Payment agreement with former shareholders of InterOil Corporation.
Full articleSummary: Nasdaq Composite reaches a record close, Dow Jones Industrial Average falls, technology sector shows strength.
Full articleSummary: Key events this week include the release of the May Fed meeting minutes and Nvidia's earnings report. Market remains cautiously optimistic with a focus on inflation rates, Fed decisions, and company earnings. Investors are anticipating Nvidia's strong performance, and there is positive sentiment around Hims & Hers Health and Norwegian Cruise Lines.
Full articleSummary: Pfizer wins $107.5M verdict against AstraZeneca over cancer drug patent dispute, AstraZeneca to pay damages for infringing on Pfizer's patents related to cancer treatment drugs, AstraZeneca plans to vigorously defend its rights despite the verdict
Full articleSummary: Simon Property Group plans to redevelop San Diego's Fashion Valley shopping center with 850 apartments and 100K SF of new retail space by the end of 2026. The project will include high-end brands and a walkable community.
Full articleSummary: Jamie Dimon, CEO of JPMorgan Chase, expressed concerns about the high stock prices and stated they would not be buying back a lot of stock at the current prices. His comments led to a 4.5% drop in JPMorgan's shares.
Full articleSummary: Microsoft announced the launch of a new category of personal computers called 'Copilot+' PCs, capable of handling more artificial-intelligence tasks without relying on cloud data centers. The company introduced features like 'Recall' and 'Copilot' voice assistant to enhance user experience and expects 50 million AI PCs to be purchased in the next year.
Full articleSummary: Microsoft is introducing Arm-powered Windows PCs with translation technology named Prism making translated apps run 10-20% faster on Arm hardware. Major PC OEMs are joining in shipping Arm-based PCs due to Qualcomm's Snapdragon X Elite chips supporting Windows 11's new AI features.
Full articleSummary: Tesla is pressuring law firm and threatening to fire professor over an amicus brief in a compensation lawsuit. Elon Musk's behavior is highlighted as petty and vindictive, raising concerns over the company's interests conflicting with Musk's personal gains.
Full articleSummary: Institutional investors showed a significant shift in tech stock preferences in Q1 2024, favoring Oracle Corp, Global Payments Inc., and Micron Technology, Inc. over traditional giants like Nvidia Corp and Apple Inc.
Full articleSummary: Target announced price cuts on thousands of household items to stay competitive as inflation persists and Walmart emerges as a strong rival. Target stock fell along with Walmart stock, which is now in buy range. Other discounters like TJX Cos. and Dollar General also retreated.
Full articleSummary: Nvidia is continuously beating profit expectations leading to a rise in share price and earnings estimates. Analysts are optimistic about its future performance and lack of competition in the market.
Full articleSummary: The Seventh Circuit will hear a case regarding a White worker who says he was fired after opposing mandatory diversity, equity, and inclusion training at Honeywell International Inc.
Full articleSummary: Microsoft and Qualcomm are competing with Intel in the market for Windows machines running on Arm-based Snapdragon chips. Intel is responding with the announcement of its new Lunar Lake series of chips to outperform Snapdragon X in various metrics.
Full articleSummary: California Public Employees' Retirement System (CalPERS) plans to vote against the appointment of ExxonMobil's 12-member board of directors and its CEO at the upcoming shareholder meeting on May 29. This comes in response to ExxonMobil's actions towards shareholders who proposed climate change resolutions.
Full articleSummary: BlackRock was sued by a former vice president for US$20 million alleging illegal self-dealing and shutting down a search engine for monitoring client discussions about illegal investments, including in China.
Full articleSummary: Major U.S. stock indexes moved in opposite directions on Monday, with Nasdaq reaching a new record high while Dow declined. Semiconductor stocks performed well with Micron Technology and Nvidia showing strong gains. JPMorgan Chase saw a significant drop after CEO Jamie Dimon hinted at possible retirement. Economic calendar remains quiet for the week.
Full articleSummary: In Q1 2024, institutional investors shifted focus towards tech stocks, with Oracle Corp (ORCL), Global Payments Inc. (GPN), and Micron Technology, Inc. (MU) leading the pack, outpacing traditional giants like Nvidia Corp (NVDA) and Apple Inc (AAPL).
Full articleSummary: Booking Holdings (BKNG) is outperforming its peers in the Retail-Wholesale sector and has a Zacks Rank of #2 (Buy). Kroger (KR) is another stock in the same sector that is also outperforming with a Zacks Rank #1 (Strong Buy). Both companies have seen positive movement in their earnings estimates and have strong performance compared to their industry peers.
Full articleSummary: US stocks edged higher with Nasdaq reaching a record close, boosted by Nvidia shares ahead of earnings. S&P 500 rose, while Dow Jones dipped due to JPMorgan's decline. Investors anticipate Nvidia's earnings and closely watch Fed's interest rate decisions.
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