Summary: Generative AI growth sparks fears about safety as South Korea and Britain host major international summit on AI safety in Seoul. Governments plan to press tech firms on AI safety following concerns raised at previous meetings. Calls for international standards to govern AI development. OpenAI confirmed disbanding team devoted to mitigating long-term dangers of advanced AI.
Full articleSummary: Joe O’Dea from Wells Fargo maintains a Hold rating on 3M with a price target of $100.00, analyst consensus is a Moderate Buy with an average price target of $110.00, 3M has a one-year high of $105.72 and a one-year low of $69.10.
Full articleSummary: Gilead Sciences announced positive interim results from the ongoing ASSURE study, demonstrating improvements in markers of cholestasis and reduction in inflammation with the investigational drug seladelpar for primary biliary cholangitis. The drug also showed promising results in reducing pruritus, with high tolerability and safety profile. A New Drug Application for seladelpar has been accepted for priority review by the U.S. FDA.
Full articleSummary: Apple is highly anticipated to showcase new AI features in its software preview at WWDC, with potential to drive hardware upgrades and increase consumer interest in the next iPhone launch.
Full articleSummary: Honda and BMW are recalling vehicles due to rearview camera and seat belt warning light malfunctions respectively. Ford is recalling vehicles for software errors.
Full articleSummary: Target plans to cut prices on thousands of consumer basics this summer, including 5,000 food, drink, and essential household goods, to help customers struggling with inflation and rising prices. The company has already reduced prices on 1,500 items and will focus on national brands and private label products.
Full articleSummary: Apple has increased its maximum Trade In prices for old iPhone models until June 3, offering slightly higher credit for models from the iPhone 11 onwards. The boosted values range from $10 to $30 extra depending on the model.
Full articleSummary: Tesla has increased the price of its Model 3 Performance to $54,990, nearing the threshold for the federal tax credit of $7,500. To maintain eligibility for the credit, Tesla has adjusted the pricing of interior options.
Full articleSummary: Wells Fargo analyst maintained a Sell rating on 8X8 with a price target of $2.00. The current analyst consensus is a Hold with an average price target of $3.17. Corporate insider sentiment is negative, with an increase in insiders selling their shares of EGHT.
Full articleSummary: Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending. The price cuts, already applied to 1,500 items, will include 5,000 food, drink and essential household goods. Target and other retailers are increasingly catering to customers who are struggling with higher prices for groceries.
Full articleSummary: Northrop Grumman partners with Nvidia to accelerate AI projects, gaining access to Nvidia's AI software portfolio including solutions like Nvidia AI and Omniverse. The agreement also covers research and development collaboration for quickly applying advanced AI technologies across Northrop Grumman's capabilities and increasing operational efficiency.
Full articleSummary: Apple's COO Jeff Williams reportedly had a 'secret meeting' with TSMC, sparking speculation that Apple may be looking to secure exclusive rights to TSMC's 2nm chipmaking capacity for its future products.
Full articleSummary: Barclays analyst Thomas O’Malley maintained a Hold rating on Texas Instruments with a price target of $190.00. Cantor Fitzgerald also maintained a Hold rating on the stock with a $210.00 price target. Insider activity shows negative sentiment with Chairman Richard Templeton selling 100,440.00 shares earlier this month.
Full articleSummary: Gladstone Institutional Advisory LLC increased its stake in Caterpillar Inc. by 36.9% during the fourth quarter. Several other institutional investors also made changes to their positions in the company. Insiders at Caterpillar have been actively selling shares of the company. Wall Street analysts have recently provided mixed ratings on CAT shares.
Full articleSummary: JPMorgan Chase raised its net interest income outlook to $91 billion for 2024, which led to a 1.3% climb in JPM stock, putting it in a buy zone for a flat base after breaking out.
Full articleSummary: Coca-Cola Consolidated, Inc. has commenced a modified Dutch auction tender offer to purchase shares of its Common Stock for an aggregate purchase price of up to $2.0 billion. The tender offer will expire on June 18, 2024, and the Company intends to fund it using various financial resources.
Full articleSummary: Lowes Companies is set to release its Q1 earnings on May 21, with analysts anticipating an EPS of $2.95 compared to $3.78 in the same quarter last year. Expectations also include a 5.42% decrease in revenue to $21.14 billion from the prior year. Analysts predict a profit per share of $12.18 for the current fiscal year, whereas the previous year reported a loss of $13.24.
Full articleSummary: The news provides Elliott Wave technical analysis for Chevron Inc. (CVX) indicating an impulsive trend with motive structure in the upside direction. Analysts are looking for a top in Minor wave 1, aiming to break the previous wave B top at $171 for confirmation of further upside potential.
Full articleSummary: The home improvement industry is experiencing significant growth driven by various factors like technological advancements, increasing demand for DIY projects, and consumer preferences. Companies like The Home Depot, Inc. (HD), ADT Inc. (ADT), and Kingfisher plc (KGFHY) are considered good investment options due to industry tailwinds and their strong fundamentals.
Full articleSummary: Cisco Systems Inc reported fiscal third quarter results that exceeded Wall Street's estimates, with revenue surpasing $12.7 billion. The company however suffered the steepest decline in revenue in 15 years due to softness in sales attributed to delayed equipment installations by consumers. Despite the revenue decline, Cisco's stock still surged 8% during extended trading. Cisco completed the $28 billion acquisition of Splunk, which is expected to boost its cybersecurity and AI capabilities.
Full articleSummary: Citi reiterated its Buy rating on Emerson Electric Co., maintaining a price target of $134.00. The company's transformation under CEO Lal Karsanbhai is expected to continue yielding positive results. Emerson's focus on innovation, strong fundamentals, and market position led Citi to choose it as one of its top picks in the U.S. Multi-Industry space.
Full articleSummary: The Coca-Cola 600, an annual 600-mile race of the NASCAR Cup Series, is set to take place on Sunday, May 26 at the Charlotte Motor Speedway. Tickets for the 2024 event are currently on sale with get-in passes starting at $99 and luxury suites ranging from $450-$875.
Full articleSummary: Wells Fargo is laying off over 600 workers due to a slowdown in its mortgage business, with cuts concentrated in Orlando, Florida; Ranch Cordova, California; Colorado Springs, Colorado, and Charlotte, North Carolina.
Full articleSummary: Panagora Asset Management Inc. increased their position in JPMorgan Chase & Co. by 23.3% in the fourth quarter, while other institutional investors also made adjustments to their positions. Additionally, insiders at JPMorgan Chase & Co. have been actively selling shares, with 0.79% of the company's stock being sold by insiders in the last 90 days. Analysts have provided varied price targets and ratings for the stock.
Full articleSummary: The global energy supplements market is anticipated to experience significant growth, driven by the rise in demand for healthy food and supplements, introduction of unique flavors and products, and opportunities in the fitness industry and celebration culture.
Full articleSummary: Intel has removed Xeon Phi support from GCC 15, following the product's end-of-life status and deprecation in GCC 14. The removal includes Knights Mill and Knights Landing support, as well as the Xeon Phi ISA support, resulting in a codebase reduction of 4.4k lines of code.
Full articleSummary: People.ai announces a new integration with Microsoft Dynamics 365 Sales, providing sales organizations with data-backed, AI-powered insights to unlock the complete story of every account and opportunity.
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