Summary: Honeywell stock closed at $169.95 per share 5 years ago, and at $206.62 per share on 16/05/2024. An investment of $10,000 in Honeywell 5 years ago would be worth $12,157.69 now, resulting in a +21.58% return. Honeywell recently had a market capitalization of $133.50 billion.
Full articleSummary: Chainlink (LINK) surged by 20% after collaborating with major US banks on a tokenization pilot, leading to a significant increase in trading volume and investor interest.
Full articleSummary: Barclays adjusted its outlook on Cisco Systems Inc, increasing the price target to $50 from $48 with an Equal Weight rating after Cisco's Q3 results met expectations and showcased improved profitability. Barclays decision reflects measured confidence in Cisco's current direction.
Full articleSummary: Home Depot and Lowe’s, two blue-chip dividend stocks, have delivered remarkable returns over the last 20 years. While Home Depot faced a decline in its stock price post fiscal Q1 2024 results due to sluggish consumer spending, it remains focused on strategic acquisitions and maintaining strong dividend payouts. Lowe’s, on the other hand, reported strong revenue and earnings in fiscal Q4 but expects a decline in comparable sales in 2024 due to changing consumer preferences.
Full articleSummary: Meta (formerly Facebook) has introduced Travel Mode as an experimental feature for their VR headset Quest models, allowing passengers to use VR in moving cars as of May 2024. The feature requires running v65 or later OS version and navigating to Settings > Experimental to enable it. However, it's cautioned that the experience may not be smooth and could potentially cause motion sickness.
Full articleSummary: Stock market indexes open slightly higher on Friday morning, with the Dow Jones aiming to breach above 40,000 and the S&P 500 holding above 5,300. Big Tech earnings are being closely monitored for potential market catalysts.
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.
Full articleSummary: Locsanity, a natural hair and personal care brand founded by Charmaine James, received a $20,000 small business grant from FedEx Corporation as one of the 10 winners selected from nearly 4,000 applicants. James shared her extraordinary journey in a video submission, highlighting her struggles with conforming to mainstream beauty standards and her ultimate shift to embracing natural hair care.
Full articleSummary: NextEra Energy Resources and Nucor Corporation have broken ground on the Sebree Solar Energy Center in Kentucky, a project that will have up to 250 megawatts of capacity and create local jobs. Nucor has entered a 250-megawatt power purchase agreement, supporting their net-zero carbon goal by 2050.
Full articleSummary: The U.S. FDA granted accelerated approval to Amgen's targeted immunotherapy for small cell lung cancer. Results showed tumors shrank in 40% of patients, with a price of $31,500 for the first cycle. If successful, the drug could represent over $2 billion in annual sales for Amgen.
Full articleSummary: Presight AI Holding has partnered with Intel to accelerate AI projects in the Middle East, with a focus on developing cutting-edge AI solutions and smart cities. The partnership aims to strengthen data security and privacy by implementing confidential AI technologies, ensuring data security and integrity throughout the AI ecosystem. Additionally, Presight acquired a majority stake in AIQ, a joint venture with ADNOC Group and G42 technology, aiming to realise operational efficiencies and synergies.
Full articleSummary: Nordic pension funds are pressuring Tesla to allow workers to unionize by backing a shareholder proposal for the upcoming annual general meeting (AGM). They are also considering similar action regarding Apple's labor rights behavior.
Full articleSummary: IFC is providing financing of up to US$500 million to HDFC Bank in India to support lending for income generation purposes to women, particularly through microloans to SHGs and JLGs. This aims to promote financial inclusion and socio-economic growth in the country.
Full articleSummary: Oracle Corp. faces antitrust probe in EU regarding Sun Microsystems takeover. Sepracor Inc. to be acquired by Dainippon Sumitomo Pharma Co. for about $2.6 billion.
Full articleSummary: Quixant, as an Intel® Partner Alliance member, collaborates with Intel® to offer a comprehensive portfolio of gaming products with benefits including a 10-year product lifecycle, enhanced performance, cost-effectiveness, and innovation. They are guiding and supporting customers to transition to Intel® technology.
Full articleSummary: Nvidia-backed CoreWeave, an AI cloud-computing startup, raised $7.5 billion in debt financing led by Blackstone Inc. and other investment giants. CoreWeave is a major supplier of Nvidia's AI chips and its access to Nvidia's GPUs has made it highly sought after in the global AI market. The financing aims to boost investments in cloud data centers.
Full articleSummary: Boeing is in talks to buy Spirit AeroSystems, its key supplier for 737 Max fuselages; Spirit AeroSystems confirms layoffs of 450 workers in Wichita plant due to production slowdown after a panel flew off Alaska Airlines 737 Max in midair
Full articleSummary: Snowflake is reportedly in talks to acquire AI startup company Reka AI for over $1 billion, as the company aims to build the world's No. 1 AI ecosystem. Snowflake has recently invested in Reka AI and Metaplane, showing its commitment to AI innovations and partnerships. The company will release its Q1 financial results on May 22, with analysts expecting a 26% increase in revenue year over year.
Full articleSummary: Microsoft plans to introduce AMD's AI chips in its cloud service to compete with Nvidia, aiming to boost its AI capabilities and offer an alternative to Nvidia's high-demand GPUs. Microsoft will also continue providing access to its in-house AI chips and preview its new Cobalt 100 custom processors to enhance Microsoft Teams. AMD projects $4 billion in AI chip revenue this year.
Full articleSummary: Chevron is preparing to sell its remaining North Sea oil and gas assets in the U.K., including a stake in the Clair oilfield. The sale could raise up to $1B, with the formal launch expected in June.
Full articleSummary: Ouster (OUST) stock jumped 11.7% on Friday after reporting better-than-expected first-quarter financials and receiving revised price targets from analysts. The company specializes in Lidar technology, which is crucial for autonomous vehicles.
Full articleSummary: Moderna wins patent dispute against Pfizer and BioNTech regarding its mRNA technology for COVID-19 vaccine, European Patent Office upholds Moderna's key patent, decision may impact ongoing legal battles among the companies.
Full articleSummary: Apple is developing a slimmer version of the iPhone to be launched by 2025 with higher pricing compared to iPhone Pro Max. The new model is expected to feature the latest-generation processor A19, code-named D23. Apple also plans to drop iPhone Plus model and launch a cheaper iPhone SE successor in 2025.
Full articleSummary: India has the largest user base for AI tools according to Sundar Pichai. India is seen as a key player in shaping the future of AI development by tech giants like Google and Microsoft. Sundar Pichai highlighted India's potential to influence global AI development.
Full articleSummary: Boeing whistleblower John Barnett was found dead on the day he was due to testify against the company. The autopsy report suggests suicide as the cause of death, but doubts remain due to the circumstances.
Full articleSummary: Amgen's cancer drug receives FDA approval for advanced small-cell lung cancer, showing promising results in clinical trials
Full articleSummary: The FDIC announces a settlement with Bank of England for various violations including overcharging and deceptive practices, leading to $1.9 million in remediation to harmed consumers. Additionally, nine former employees have also stipulated to individual enforcement actions.
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