Summary: Yellow Light Coffee & Donuts will open in Michigan Central's historic retail arcade later this year, becoming the first food-and-beverage tenant since the building's closure in 1988. Michigan Central's 30-acre campus is aiming to accommodate larger tenants and established companies while attracting diverse businesses. Guided tours of the revitalized Michigan Central Station are now available in partnership with Detroit History Tours, offering inside anecdotes and access to areas not previously open to the public.
Full articleSummary: Microsoft Copilot will be presented in a webinar by Information Technology and Analytics to showcase its AI capabilities and how it can enhance productivity.
Full articleSummary: T-Mobile announced a collaboration with NVIDIA, Ericsson, and Nokia to develop AI-RAN Innovation Center in Bellevue, Washington, with a focus on revolutionizing mobile networks with AI, improving network performance, capacity, and efficiency.
Full articleSummary: Coca-Cola HBC AG has repurchased 59,953 of its ordinary shares as part of its ongoing share purchase program.
Full articleSummary: Ford recently renovated Detroit's Michigan Central Station with the help of local architect Kristen Nyht. Nyht shares history, photos, and stories from the renovation in a discussion at Kellogg Eye Center Auditorium.
Full articleSummary: Jerome Ford, the Cleveland Browns running back, showcases impressive speed and potential in Week 2 game against the Jacksonville Jaguars. He was the fastest ball carrier in that week, achieving speeds over 20 MPH multiple times last season. Ford's performance highlights his unique blend of size and speed as a homerun threat, but he needs to work on his decisiveness on the field.
Full articleSummary: JPMorgan Chase creates a new global role to oversee junior bankers after the death of a Bank of America associate, aiming to better manage their workload and prioritize their well-being.
Full articleSummary: NextEra Energy's Florida Power & Light Company (FPL) receives a 20-year license extension for its Turkey Point nuclear plant units 3 and 4, with licenses extended through 2052 and 2053 respectively.
Full articleSummary: Stephanie, a long-time employee at The Walt Disney Company, has been instrumental in innovating ESPN's sports events, particularly with the creation of the MEAC/SWAC Challenge and Celebration Bowl for HBCU football.
Full articleSummary: NewBoCo has received a $40,000 grant from the Wells Fargo Foundation to enhance the Kiva Iowa microlending program, supporting local entrepreneurs. The grant will be used to provide additional capital resources, business mentorship, and entrepreneurial education opportunities.
Full articleSummary: Intel's CEO Pat Gelsinger doubles down on the foundry strategy, announcing the operation of Intel Foundry as a subsidiary company, pausing European fab projects for two years, and planning to reduce global real estate holdings by end of 2024.
Full articleSummary: Thermo Fisher Scientific Inc. faces a proposed class lawsuit for failing to pay terminated employees their final wages on last day of work in violation of Massachusetts Wage Act.
Full articleSummary: The Senate Intelligence Committee is holding a hearing on foreign election interference involving executives from Alphabet, Meta, and Microsoft. Concerns are rising over sophisticated tactics by bad actors and recent indictments of Russian employees. The committee will focus on Russia's efforts in the upcoming elections and the absence of X (formerly known as Twitter). There are worries about domestic disinformation and pressure on tech companies to pull back on content moderation.
Full articleSummary: Defense contractors, including Lockheed Martin (NYSE:LMT), reported strong Q2 earnings, with Lockheed Martin beating revenue estimates by 6.5% and showing impressive full-year revenue guidance. The stock is up 19.9% since reporting. Mercury Systems (NASDAQ:MRCY) also outperformed with revenues exceeding expectations and the stock up by 8.4%. General Dynamics (NYSE:GD) posted slower growth despite beating revenue estimates, with the stock up 3.1%. Leonardo DRS (NASDAQ:DRS) reported revenue well above expectations but the stock dropped by 2.1%. Parsons (NYSE:PSN) delivered strong revenue growth and raised full-year guidance, with the stock up by 27.1%.
Full articleSummary: Nvidia shares (NVDA) closed with a more than 1% downturn but surged from a low of 109 to 115 this week, with predictions of reaching $130 soon, forming a 'beautiful cup and handle' pattern in the indices.
Full articleSummary: Broadcom has realized value from shifting to a private cloud just three months after implementation with the help of VMware Professional Services, reducing the timeline for global data center transformation to 14 months.
Full articleSummary: Thermo Fisher Scientific's PPD clinical research business is expanding its global laboratory services with a new bioanalytical lab in Gothenburg, Sweden, adjacent to AstraZeneca's research site. The new lab will offer advanced technologies and methodologies to support pharmaceutical and biotech customers across all phases of drug development.
Full articleSummary: Amazon Web Services (AWS) has launched Amazon EC2 P5e instances powered by NVIDIA H100 Tensor Core GPUs for AI, machine learning, and HPC applications. P5e instances offer improved performance, cost-efficiency, and scalability compared to their predecessors.
Full articleSummary: PayPal faces sanctions for missing a discovery deadline related to a master service agreement trial with a third-party vendor.
Full articleSummary: Costco breaks ground for a new store in South Los Angeles neighborhood, including 800 apartment units with low-income housing; the first new housing community in LA under state law AB 2011. This will be the first Costco in South Los Angeles creating an estimated 400 new jobs.
Full articleSummary: Salesforce CEO Marc Benioff dismisses Microsoft's Copilot AI tool as a failed idea and introduces Agentforce, an AI sales agents system, during Dreamforce event. Benioff envisions one billion AI agents in service by the end of fiscal year 2026. Salesforce plans to monetize Agentforce by charging per conversation, utilizing a consumption-based model. Salesforce regained some Street cred after its late August earnings by beating Wall Street estimates on sales, operating margins, and earnings.
Full articleSummary: William Blair maintains a bullish outlook on NVIDIA, forecasting significant revenue growth and expansion into broader markets.
Full articleSummary: The Bank for International Settlements is working on a blockchain-based project named Agora, aiming to revolutionize cross-border payments worldwide by creating an international platform for trading tokenized assets using digital currencies backed by participating central banks.
Full articleSummary: ExxonMobil, ColorMasters, and Totani collaborate to create a new recyclable stand-up pouch with enhanced performance. Other companies like Amcor, AVON, UPM Specialty Papers, Henkel, and Koenig & Bauer also introduced sustainable packaging solutions.
Full articleSummary: The Republic of Cyprus and Chevron have agreed to hold discussions over the next four months to seek a solution for the development of the Aphrodite gas field without delays.
Full articleSummary: Home improvement stocks may advance further if the Federal Reserve provides strong forward policy guidance, according to Wells Fargo Securities.
Full articleSummary: Federal judge in New Jersey increased damages for Caterpillar Inc.'s loss in patent infringement case against Deere & Co. to $19.5 million and blocked sales of infringing machines until May 2029.
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