Summary: Sainsbury’s and Microsoft have signed a five-year strategic partnership to utilize Microsoft's AI and machine learning capabilities for enhancing customer and colleague experience under Sainsbury's Next Level strategy.
Full articleSummary: Uber is partnering with Costco to offer Costco groceries and merchandise to customers via Uber Eats, aiming to expand into the suburbs.
Full articleSummary: Gold price edges higher despite US inflation data triggering expectations of Fed rate cuts. Fed officials cautious about cutting rates, suggesting higher borrowing costs and boosting USD, potentially dragging gold lower. Market monitoring Fed speakers for hints on future monetary policy.
Full articleSummary: Oracle Coalfields is starting a drilling program at the Northern Zone Gold Project in Western Australia to establish a maiden JORC-compliant gold resource.
Full articleSummary: Moro Hub, a subsidiary of Digital DEWA in Dubai, announced a strategic partnership with Oracle MySQL to enhance its digital offerings by migrating government workloads to MySQL Enterprise Edition.
Full articleSummary: An op-ed criticizes Microsoft for 'short-sighted' decision-making, 'inconsistent' investments, and a lack of commitment to security and customer support, leading to a loss of trust among customers and missed opportunities in the tech industry.
Full articleSummary: IBM and Honda Motor have signed a Memorandum of Understanding to collaborate on joint research and development of next-generation computing technologies for software-defined vehicles of the future.
Full articleSummary: The Home Depot, Inc. (NYSE:HD) experienced a 0.9% decrease in share price after TD Cowen reduced their price target on the stock, though it is currently rated as a buy. Insider trading activities were reported with executives selling shares of the company. The stock is down 1.7% overall. The firm's recent earnings report showed a beat on earnings per share and a decrease in revenue compared to the previous year.
Full articleSummary: ConocoPhillips (NYSE: COP) reported lower natural gas prices and increased costs in Q1, offset by higher oil production volumes. Despite stock gains in 2021 and early 2022, returns declined in 2023 with underperformance against the S&P 500. Q1 revenue decreased, but total production increased. Forecast suggests $60.8 billion in revenue for 2024 with a revised valuation of $129 per share, reflecting a 7% increase.
Full articleSummary: The European Union medicines regulator granted conditional marketing authorization for U.S. drugmaker Pfizer's therapy for a type of blood cancer. The therapy, branded as Elrexfio, is recommended for adults with multiple myeloma that has relapsed after at least three prior lines of treatment.
Full articleSummary: Gilead Sciences is developing XTX-301 for the treatment of various solid tumors, including pancreatic cancer. GlobalData is analyzing the drug's Phase II success rate and likelihood of approval compared to industry benchmarks.
Full articleSummary: General Dynamics Corporation (GD) boasts a Value Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Value investors should consider the stock due to its impressive earnings and valuation fundamentals, positive earnings estimate revisions, and strong ratings.
Full articleSummary: Coca-Cola Canada has transitioned all of its 500ml sparkling beverage bottles to 100 per cent rPET, excluding caps and labels.
Full articleSummary: PepsiCo is investing £8 million in its Pipers Crisps manufacturing site in the UK to meet growing demand for the snacks.
Full articleSummary: The Law Offices of Frank R. Cruz is investigating Seritage Growth Properties for possible violations of federal securities laws. Seritage released its first quarter 2024 financial results, reporting a significant decrease in net operating income and downward revision of asset valuations, leading to a 27.3% drop in stock price.
Full articleSummary: Congressman David Trone made significant financial transactions involving Pepsico, Inc. stocks and US Treasury Bills, selling a portion of Pepsico stocks valued between $50,001 and $100,000 and making multiple purchases and sales of US Treasury Bills ranging from $250,001 to $5,000,000 in 2023.
Full articleSummary: Target Corp. launched a new marketing campaign titled “That Target Feeling” inspired by real customers' social media posts, featuring a reimagined version of the song “Everywhere” by Michelle Branch and showcasing popular influencers and creators.
Full articleSummary: Small and medium-sized enterprises (SMEs) are increasingly confident in utilizing artificial intelligence (AI) to enhance their operations, boost revenue streams, improve customer service quality, and gain a competitive edge over larger corporations. The enthusiasm for AI is fueled by its ability to drive innovation, predict market trends, and facilitate the development of new products and services.
Full articleSummary: The Dow Jones Industrial Average surpassed 40,000 for the first time, boosted by hopes of interest rate cuts by the Federal Reserve, resilient US economy, low inflation, and strong corporate earnings.
Full articleSummary: Boeing shareholders will vote on whether outgoing CEO Dave Calhoun should remain on the board, with pressure on the board to address concerns about leadership and safety culture. The search for Calhoun's replacement is ongoing, with suggestions for a new CEO including Pat Shanahan of Spirit AeroSystems and other industry executives.
Full articleSummary: Saudi Arabia’s sovereign wealth fund, Public Investment Fund, reduced its holdings in US stocks by nearly half during the first quarter of the year, shifting to call options on a smaller number of shares.
Full articleSummary: 116 companies are set to release their earnings report for Q4 FY24 on May 17, including NHPC, Zee Entertainment Enterprises (ZEEL), Pfizer, Delhivery, JSW Steel, and Godrej Industries. Gail reported a 289% increase in net profit for Q4 FY24, while Biocon's net profit declined by 57% year-on-year for the same period. Benchmark indices faced volatility during Thursday's trading session due to weekly F&O expiry.
Full articleSummary: Google, a tech company known for its generous salaries and benefits, has implemented layoffs affecting thousands of employees in 2023 and 2024 due to over-hiring during the pandemic and restructuring for the AI boom. CEO Sundar Pichai acknowledges the impact on morale and the company culture.
Full articleSummary: Microsoft is asking some China-based staff involved in machine learning and cloud computing to consider relocating outside the country amid Sino-U.S. technology tensions.
Full articleSummary: Oracle beats Maquia Capital Acquisition on 9 of the 10 factors compared between the two stocks. Oracle has higher revenue, earnings, profitability, institutional ownership, and lower volatility compared to Maquia Capital Acquisition.
Full articleSummary: Microsoft is expected to unveil new Surface Pro and Surface Laptop models powered by Qualcomm's Snapdragon X Series chips, along with updated displays and new features like a haptic touchpad. Additionally, new Windows 11 features focused on AI are anticipated, including an 'AI Explorer' feature for next-gen AI experiences.
Full articleSummary: IBM plans to create 800 new AI jobs in Ireland over the next three years, marking the biggest job announcement in the country's multinational sector this year.
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