Summary: Transport Minister Anthony Loke Siew Fook refutes claims of misleading Parliament regarding the planned deal to privatise MAHB, Malaysia's biggest airport operator. Loke stands by his statement that there was no official announcement of selling MAHB to Global Infrastructures Partners (GIP), a consortium involving GIP, Khazanah Nasional, and Employees Provident Fund reported. Blackrock's possible involvement in the deal has led to boycott calls due to its ownership of arms companies supplying weapons to Israel.
Full articleSummary: Nvidia (NASDAQ:NVDA) is expected to release its fiscal first quarter results, with analysts predicting another strong showing and potential beat of Street revenue expectations for April and July quarters.
Full articleSummary: IBM plans to create up to 800 high-tech jobs in Dublin, Cork, and Waterford, focusing on security, automation, and hybrid cloud. The investment will also include roles in software development, digital sales, and consulting, positioning Ireland as a strategic location for IBM globally.
Full articleSummary: Dow Jones Industrial Average tops 40,000 for the first time driven by positive sentiment in U.S. stock markets. Retailers like Walmart and Target show strong performance, while Chubb gains after Berkshire Hathaway's ownership disclosure. Deere and homebuilders experience losses despite positive profit announcements.
Full articleSummary: Boeing and its union firefighters in Everett, Washington, are in a lockout situation as negotiations continue amidst accusations of bad faith bargaining. The lockout has been ongoing since May 4, with talks scheduled to resume on May 20. The union is seeking competitive pay and better staffing terms.
Full articleSummary: Mastercard and Salesforce announced a new integration to streamline transaction dispute resolution and reduce costs, addressing the increasing challenge of chargebacks in the payments industry. The partnership will integrate Salesforce’s Financial Services Cloud with Mastercard’s dispute resolution services to provide an end-to-end solution for banks and merchants.
Full articleSummary: Wolfe Research prefers AMD over Nvidia due to positive outlook on company's AI traction, including resolution of memory issues and strong performance of MI300 AI accelerator product. AMD shares are up 4.4% in Thursday afternoon trading and nearly 11% over the past three sessions.
Full articleSummary: Oracle Hospitality has extended its AI-powered merchandising solution to Choice Hotels International's upscale hotels to help them optimize incremental revenue opportunities through targeted offers and personalized experiences for guests.
Full articleSummary: USask partners with PINQ² to have access to IBM Quantum System One, a 127-qubit processor, for quantum computing research. The collaboration focuses on studying complex health data in children with chronic diseases, aiming to uncover hidden factors and potentially lead to preventatives and therapies. The partnership also aims to enhance interdisciplinary work and quantum research activities at USask.
Full articleSummary: Cleveland Fed President mentioned business contacts are becoming more upbeat about the economy, suggesting a solid economy will allow the Federal Reserve to keep its policy rate steady. The Fed may need to keep benchmark interest rates higher for longer to gather more data on the inflation outlook. Stocks moved up on Thursday with the Dow Jones Industrial Average flirting with record high levels.
Full articleSummary: Philip Morris International (PMI) has launched the Malawi Entrepreneur Agricultural Mechanisation initiative to enhance Malawian farmers' growth and productivity, aiming for sustainable tobacco growth and economic growth in the region.
Full articleSummary: The Dow Jones Industrial Average reached 40,000 points for the first time ever due to easing inflation, with optimism about the economy and potential rate cuts providing a boost. Technology stocks, especially those related to artificial intelligence, have also contributed to the market rally. However, caution is advised for future gains amidst uncertainty over interest rates and economic slowdown risks.
Full articleSummary: Walt Disney Co, Warner Bros Discovery, and Fox Corp are launching a sports-streaming service called Venu Sports this fall, targeting younger viewers with a bundled offering of professional and collegiate sports rights.
Full articleSummary: The U.S. FDA granted accelerated approval to Amgen's tarlatamab, a targeted immunotherapy for advanced small cell lung cancer. Amgen priced the drug at $31,500 for the first cycle with positive mid-stage trial results.
Full articleSummary: Bullish option flow detected in Medtronic with increased call trading volume and implied volatility, ahead of upcoming earnings.
Full articleSummary: Warren Buffett's Berkshire Hathaway reveals a significant investment in Chubb, selling off Hewlett Packard and reducing Apple holdings. Chubb's shares rise post-disclosure.
Full articleSummary: Deere's fiscal second-quarter results beat expectations but lowered full-year profit forecast as farmers buy fewer tractors due to declining crop prices. Shares dropped over 5% before the market open.
Full articleSummary: Palo Alto Networks and IBM have announced a broad-reaching partnership to deliver AI-powered security outcomes for customers. As part of the agreement, Palo Alto Networks will acquire IBM's QRadar SaaS assets and the companies will establish a joint Security Operations Center. IBM also intends to expand its deployment of Palo Alto Networks AI-powered security platforms internally and bring DevSecOps capabilities to the market.
Full articleSummary: Vistra's shares have surged over 152% this year due to the AI boom, as investors are looking at utilities as a new way to play the AI sector. Utilities are becoming more important due to the power-intensive nature of building AI models. Demand for AI power needs is rising, with data centers requiring large amounts of electricity.
Full articleSummary: JEA finalizes agreement with NextEra Energy Resources to develop three solar generation facilities with a combined output of 200 megawatts, which will help in meeting clean energy goals and reducing carbon emissions.
Full articleSummary: Apple announced new accessibility features for iOS 18 and Apple CarPlay, including voice control, color filters, sound recognition, and motion sickness reduction for passengers.
Full articleSummary: Costco is set to open a new store in North Port, Wellen Park, with various amenities and hundreds of job opportunities. The company is expanding globally, with other stores opening in the same month in different locations.
Full articleSummary: Financial expert mentions that Honeywell Automation stock still has potential to reach Rs 1 lakh despite being over Rs 55,000 currently. The expert also highlights strong earnings of companies like Hindustan Aeronautics and Mahindra, suggesting a positive outlook on these stocks.
Full articleSummary: Chevron Corp. is set to sell its remaining oil and gas assets in the UK North Sea as part of its strategy to streamline its portfolio and focus on more profitable assets. The sale is expected to generate up to $1 billion, excluding tax benefits. This move follows Chevron's 2019 sale of several North Sea assets to Ithaca Energy, in line with the broader industry trend of divesting from the aging British basin.
Full articleSummary: Google announced a series of accessibility updates, incorporating AI, across various apps like Lookout and Maps, coinciding with the Global Accessibility Awareness Day.
Full articleSummary: Proxy adviser Glass Lewis recommended Hess shareholders to vote in favor of Chevron's $53 billion all-stock offer at the upcoming special meeting, citing reasonable valuation and potential upside to Hess shareholders. The proposed merger with Chevron aims to gain access to Guyana's rich offshore fields where Hess holds a 30% stake.
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