Summary: Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan (US$318) on select iPhone models to defend its position in the high-end smartphone market amidst increasing competition from local rivals like Huawei.
Full articleSummary: The U.S. apple industry is facing challenges including apple price deflation and rising production costs, leading to many growers selling at a loss. The industry is also dealing with oversupply issues from increased production, potentially causing multi-generational farms to close.
Full articleSummary: WiTricity and International Transportation Service (ITS) are launching a pilot program at the Port of Long Beach to test WiTricity's wireless charging technology on ITS's light-duty fleet, featuring the first wirelessly charged Ford E-Transit. The program aims to assess operational costs, efficiency, and benefits of wireless charging in a practical fleet setting.
Full articleSummary: Intel Ireland has donated over €1 million to community organisations across Ireland through the Matching Grant programme where an Intel employee volunteers at an approved organisation resulting in a grant of €1,411,369 distributed to 305 community organisations and schools across Ireland, including 65 Kildare organisations that received €318,619.
Full articleSummary: Hikari Tsushin Inc. reduced its stake in Alphabet Inc. by 10.7% during the 4th quarter. Several other hedge funds modified their holdings. Analysts have set new price targets with positive ratings. Insider activity includes significant stock sales. Alphabet last reported strong quarterly earnings results.
Full articleSummary: 1. The stock market opened mixed on Monday with the Dow Jones Industrial Average opening below its recent record high. Morgan Stanley's Michael Wilson has revised his target for the S&P 500 from 4,500 to 5,400, expressing bullish sentiment on the index's potential. 2. NVIDIA is set to post its first quarter earnings for the fiscal 2025 year on Wednesday, with expectations of strong performance driven by increasing demand in the artificial intelligence field. 3. Paramount is in the spotlight as Sony and Apollo Global have reportedly signed non-disclosure agreements in their efforts to court the media giant. Additionally, Hims & Hers Health stock has jumped after announcing the introduction of compounding injectable GLP-1 weight-loss drugs to its services.
Full articleSummary: Intel has unveiled details about its new Lunar Lake mobile CPU architecture, promising performance improvements and new Battlemage graphics cores made at TSMC. The chips will feature enhanced AI capabilities and doubled compute power compared to previous generations, while maintaining power efficiency. Real-world performance is yet to be proven.
Full articleSummary: Intel is unveiling details about their upcoming CPU architecture Lunar Lake, set to be released in Q3 2024, boasting a stronger Neural Processing Unit (NPU) with up to 45 TOPS, matching Qualcomm's Snapdragon X chips. Microsoft's AI focus is also shifting towards Qualcomm and Snapdragon X Elite and X Plus SoCs for faster AI tasks.
Full articleSummary: The Dow Jones Industrial Average reached the 40,000 level for the first time, marking a significant milestone in the market. Various experts shared their perspectives on the implications of this achievement and its impact on the future of stocks.
Full articleSummary: Intel confirmed the launch of its next-gen Arrow Lake-S, Arrow Lake-HX, and Arrow Lake-H CPUs for desktops and laptops in Q4 2024, featuring various architectures and core configurations.
Full articleSummary: Intel is set to unveil its next-gen CPUs Lunar Lake and Arrow Lake for mobile/desktop at Computex, focusing on power efficiency and AI, with Lunar Lake expected to be available in Q4 of this year. The unveiling is seen as a competitive move against Qualcomm's Snapdragon X laptop announcements, showcasing Intel's efforts to remain competitive in the laptop CPU market.
Full articleSummary: Costco has recently increased prices on items like olive oil and gas, which has left shoppers unimpressed. Some popular products have seen price jumps, but the $1.50 hot dog and soda combo is expected to remain unaffected. The retailer's profit margins have been boosted by the increase in gas prices but customers are expressing concerns about the rising costs and questioning the value of their memberships.
Full articleSummary: Federal Reserve is likely to stop shrinking its balance sheet to $6.8 trillion before year-end as it ends 'quantitative tightening' process; Fed's assets have grown to about $7.3 trillion, with possible concerns over reserve demand and balance sheet composition changes in the future.
Full articleSummary: Researchers have made significant progress in the development of optical neural networks, such as HITOP and semiconductor-based systems, which show promise in improving computation efficiency and reducing energy costs.
Full articleSummary: Schwab U.S. Dividend Equity ETF (SCHD) stands out for its sensible, transparent, and risk-conscious approach, generating better long-term risk-adjusted returns than the Russell 1000 Value Index. The fund has shown competitive performance, ranking within top decile of large-value peers and beating the index by about 1.6 percentage points annualized.
Full articleSummary: Intel has previewed its next-gen Lunar Lake CPUs ahead of Computex, set to launch in Q3 with new AI NPU & Battlemage 'Xe2' GPU cores to offer significant IPC & perf/watt improvements, along with 3x AI performance boost over Meteor Lake CPUs.
Full articleSummary: HP Inc. unveiled a new class of next-generation AI PCs designed for the AI era to empower people to work and create more meaningfully.
Full articleSummary: Google is expanding its data center in Finland by investing €1 billion to support its AI ambitions, aiming to reuse heat from the data center to warm nearby buildings in a partnership with the municipality of Hamina and Haminan Energia. The company's AI push could challenge its climate goals due to increased energy consumption.
Full articleSummary: Cisco Systems Inc. (CSCO) is scheduled to present at the J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2024 at 2:50 PM ET.
Full articleSummary: Target announces lower prices on household staples and everyday items to save consumers millions of dollars.
Full articleSummary: Home Depot will pay $1.3 million to resolve a Santa Clara County District Attorney’s investigation into fire code violations that contributed to a San Jose store burning down after an arson. The investigation found numerous serious fire code violations at Home Depot stores within the county.
Full articleSummary: Foundations Investment Advisors LLC increased its holdings in Colgate-Palmolive by 9.7% during the fourth quarter, other hedge funds also made changes to their positions, Colgate-Palmolive stock is down 0.4%.
Full articleSummary: Honda Motor Co. and IBM collaborating on R&D of next-generation computing technologies for software-defined vehicles, US DOE's Argonne National Lab constructing a new facility for large-scale fuel cell systems, Several companies announcing new R&D moves and initiatives.
Full articleSummary: Several companies involved in R&D made significant announcements last week, including collaborations on next-generation computing technologies, the construction of a new fuel cell systems R&D facility, and the unveiling of new AI systems and initiatives. International economic forecasts were also adjusted by the European Commission.
Full articleSummary: Microsoft unveiled new branding named Copilot Plus PCs denoting laptops equipped with AI hardware and support for AI applications. They also announced updates to Surface devices including more memory for AI apps, and changes in model build. AI features include 'Recall' for creating 'photographic memory' of user's laptop activity and support for ChatGPT-4o.
Full articleSummary: Analysts at Bank of America state that fundamentals are broadening out beyond NVDA, with AI benefits expanding to power, commodities, and Utilities. BofA highlights that NVDA's influence on S&P earnings is diminishing, and NVDA options are implying lower volatility for Q1 earnings.
Full articleSummary: Cisco Systems (CSCO) recently reported their quarterly international revenue breakdown, with significant contributions from APJC and EMEA regions. Wall Street analysts project a decline in total revenue for the current fiscal quarter compared to the previous year. Cisco's reliance on international markets offers opportunities and risks.
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