Summary: Leaks out of Intel reveal new details about upcoming chip models, including more powerful processors and new product lineup changes.
Full articleSummary: Sony Music is sending warning letters to over 700 AI developers and music streaming services globally, prohibiting them from using its music for training AI systems without consent or compensation. The company is also urging streaming platforms like Spotify and Apple to adopt 'best practice' measures to protect artists and songwriters.
Full articleSummary: Slack is using customers' messages, data, and files for training its AI-powered app tools, which could frustrate users who may prefer to opt-out, sparking privacy concerns and criticism from users and experts alike.
Full articleSummary: Disney-owned streaming giants Disney+, ESPN+, and Hulu file a lawsuit against the City of Santa Barbara for unfair tax charges designated for cable television providers, challenging the application of Utilities Users Tax (UUT) totaling $642,000 without residents' consent. Disney claims UUT was intended for cable TV, not internet streaming services.
Full articleSummary: Strategists at Bank of America predict a big bear market in bonds due to strong nominal GDP growth, while also foreseeing a bull market in credit, stocks, and commodities. They believe the 30-year bonds are the 'obvious' pain trade going into the second half of the year.
Full articleSummary: Nike is offering summer sale with an extra 25% off on shoes, clothing, and accessories for men, women, and kids. Various popular items such as Nike Blaker Mid '77 Vintage, Nike Air Max 1 '87 Premium, Girls French Terry Full Zip Hoodie, and Jordan Max Aura 5 baby/toddler shoes are part of the sale.
Full articleSummary: Citigroup Inc. announced the redemption of its fixed rate / floating rate notes due 2025 and floating rate notes due 2025, totaling $2 billion, in alignment with its liability management strategy to enhance funding and capital structure efficiency. The redemption date is May 24, 2024, with cash redemption price equal to par plus accrued interest. Interest will cease to accrue on the notes post-redemption.
Full articleSummary: The Dow Jones Industrial Average closed above 40,000 for the first time, indicating the stock market's resilience amid economic uncertainties. The latest spike was driven by a cooling inflation report and optimism towards potential interest rate cuts by the Federal Reserve. However, reaching the milestone may lead some investors to worry about market valuations.
Full articleSummary: Citigroup Inc. announces the redemption of $1.5 billion of its 4.140% Fixed Rate/Floating Rate Notes due 2025 and $500 million of its Floating Rate Notes due 2025 on May 24, 2024, as part of its liability management strategy. Interest will stop accruing on the notes after the redemption date.
Full articleSummary: Cisco Systems Inc. received a continued Buy rating with a $70.00 price target despite a 2% share price drop following the fiscal third-quarter report showing a year-over-year decline in revenue and non-GAAP EPS. The company is increasing its revenue outlook for FY 2024, despite cautious customer spending due to high-interest rates. Cisco is implementing a global workforce reduction of about 5% and focusing on software and services to sustain profit margins.
Full articleSummary: Analysts recently expressed bullish sentiments on Amgen (AMGN), Aytu BioScience (AYTU), and Progyny (PGNY) in the Healthcare sector.
Full articleSummary: Intel has disclosed a severe vulnerability in its Intel Neural Compressor software for AI model compression, along with other vulnerabilities in its UEFI firmware for server products. The vulnerability allows an unauthenticated attacker to execute arbitrary code on affected Intel systems. The disclosure is part of a larger set of 41 security advisories by Intel, highlighting the expanding attack surface in AI software and tools.
Full articleSummary: The future Starbucks property at the former Bakers Square location in Joliet has been slapped with city fines for neglecting to cut weeds, and there are concerns about the delay in redevelopment plans causing the property to become an eyesore.
Full articleSummary: Nike is currently offering a summer sale with extra 25% off on various shoes, clothing, and accessories for men, women, and children.
Full articleSummary: ACEMAGIC has released M2A Starship, a Mini-PC gaming product featuring Core i9-12900H or Core i7-12700H Alder Lake CPU with up to 14 cores and discrete GeForce RTX 3080M graphics. It comes with unique design and built-in screen displaying real-time CPU and GPU specs.
Full articleSummary: Kudos, a company offering an AI-powered smart wallet to maximize rewards and cash back for consumers, raised $10.2 million in Series A funding led by QED Investors. This investment brings Kudos' total funding to $17.2 million, with plans for expanding AI-powered services and features in their product.
Full articleSummary: Finance industry is starting to value liberal arts majors for consulting roles due to their unique perspectives and skill sets, especially with the rise of AI in the market. Companies like BlackRock and Goldman Sachs are shifting their hiring strategies to include applicants from diverse backgrounds.
Full articleSummary: Apple has agreed to a $35 million settlement for iPhone 7 and 7 Plus owners who experienced audio issues with the device's microphone, with eligible claimants receiving between $50 and $349. The settlement website must be used to submit a claim by June 3 to take part in the settlement.
Full articleSummary: Tesla's chair of the board Robyn Denholm believes the company is facing challenges that are akin to climbing 'Mount Everest' as it prepares for shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal. Denholm has defended the controversial compensation plan and emphasized the value it has brought to shareholders.
Full articleSummary: Boeing shareholders voted to reelect outgoing CEO Dave Calhoun to the board and backed his $33 million compensation package, despite criticism from advisory services firms Glass Lewis and ISS. The company faces scrutiny over safety issues following recent incidents, including the near-catastrophic Alaska Airlines flight and breach of a 2021 criminal settlement.
Full articleSummary: Honeywell International Inc. makes significant progress in its portfolio with a focus on areas like civil aviation, aerospace, and building automation. The company is experiencing strong performance in its equipment and services activities due to increasing demand in the aviation market. Ongoing high investments in defense and space programs are contributing to further growth. Honeywell is also well-positioned in the energy solutions and sustainability sector through expansion into advanced materials and UOP business areas. The company's focus on acquisitions, such as Civitanavi Systems S.p.A. and Carrier's Global Access Solutions, enhances its influence in navigation and security for the digital era.
Full articleSummary: Energy Vault Holdings, Inc. announced granting equity awards to new employees, including a new Chief Financial Officer, as inducements for entering into employment with the company.
Full articleSummary: Analysts have provided new ratings for CareDx, Amgen, and Orasure Technologies. CareDx received a Buy rating with a price target of $22.00. Amgen was given a Buy rating with a price target of $375.00. Orasure Technologies was marked with a Hold rating and a price target of $6.00.
Full articleSummary: Wells Fargo & Co laid off hundreds of mortgage bankers, including top producers, due to strategic shift and decrease in mortgage volumes.
Full articleSummary: The Dow Jones Industrial Average closed above the 40,000 mark for the first time ever, boosted by renewed hopes of rate cuts and easing inflation. All major indexes closed the week higher with markets mixed on Friday. Crossing 40,000 milestone unlikely to hold practical value but could positively impact investor sentiment. Notable stops along Dow's journey were highlighted.
Full articleSummary: Google unveiled new accessibility features including enhanced functionality for the Lookout app to help blind people or those with low vision navigate their surroundings better.
Full articleSummary: WaFd Inc has agreed to sell a portfolio of commercial multi-family real estate loans to Bank of America for $2.9 billion.
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