Summary: Microsoft has announced a Xbox 360 digital game sale ahead of the closure of the Xbox 360 store on July 29, 2024. Over 70 Xbox 360 games are discounted, with plans to add more games to the list in July, including titles from Ubisoft, Square Enix, and indie studios. Microsoft will continue to sell backwards compatible Xbox 360 games on Xbox One and Xbox Series X|S consoles.
Full articleSummary: Lockheed Martin partners with Aerojet Rocketdyne for the Next Generation Interceptor contract by the Missile Defense Agency, following L3Harris Technologies' acquisition of Aerojet Rocketdyne.
Full articleSummary: Salesforce launches Einstein Trust Layer to address concerns about using Generative AI (GenAI) in the enterprise, highlighting importance of data accuracy and relevance to power GenAI. The partnership with Zoomin aims to streamline data aggregation, preparation, and integration within Salesforce platforms.
Full articleSummary: RTX's short interest has risen, with 36.95 million shares sold short, representing 2.78% of available shares. Short interest can indicate market sentiment towards a stock. RTX has higher short interest compared to its peers.
Full articleSummary: Starbucks stock sold off after disappointing earnings report, revenue declined with net income dropping 15%. Management downgraded fiscal 2024 revenue guidance. Bull case includes growth potential in China and innovative strategies. Bear case involves revenue and membership declines. Investors advised to wait for management to stabilize before buying.
Full articleSummary: Lockheed Martin recently secured a $200-million contract for enhancing THAAD and PAC-3 missile segment, winning multiple contracts and expected to benefit from Trump's proposed defense budget increase.
Full articleSummary: Apple rolled out its latest software update, iOS 17.5, with features like third-party tracker detection, Pride Radiance wallpaper, and Apple News+ enhancements. The update also includes security patches addressing various vulnerabilities. Updates were also released for iPad, Apple Watch, Mac, and Apple TV.
Full articleSummary: Nvidia believes it's time for a new metric to measure datacenter efficiency, emphasizing the need to focus on how effectively a facility can convert watts into work. The company argues that current metrics like PUE are insufficient in measuring the useful output of a datacenter.
Full articleSummary: Thermo Fisher Scientific Inc. CEO Marc Casper discussed the company's strong start to 2024, expectations for market improvements, and potential predictions for 2025 and beyond at the Bank of America Securities 2024 Health Care Conference. The company is well-positioned in the industry and anticipates modest market growth as economic activity picks up in end markets.
Full articleSummary: Intel is developing 'Lunar Lake' processors for the memory-on-package -MX segment to compete with Apple's M3, M4, and M3 Pro chips. The upcoming 'Arrow Lake' architecture, tailored for the mobile sector, will feature different power variants and traditional memory options, with laptops expected to hit the market by January 2025.
Full articleSummary: The Charles Schwab Corporation reported its Monthly Activity Report for April 2024, highlighting $10.0 billion in total net new assets brought by clients, an increase in total client assets to $8.85 trillion, and the completion of the final Ameritrade client conversion.
Full articleSummary: Amgen and Sandoz reached a settlement regarding biosimilar products, allowing Sandoz to enter the U.S. market after certain conditions are met.
Full articleSummary: Google is unveiling new AI capabilities such as AI overviews for Search and better planning options. They also introduced Veo, a video-generating AI system with advanced cinematic control. Google's advantage in training generative video models through YouTube collaborations.
Full articleSummary: Google is unveiling new AI capabilities including AI overviews for Search and Google's AI Search will offer better planning features. Additionally, Google introduced Veo, a video-generating AI system that provides users with more control over cinematic styles.
Full articleSummary: Google is using artificial intelligence to introduce A.I. Overviews feature in its search engine, providing users with information summaries directly in search results. This may impact web publishers as users may rely less on visiting external websites.
Full articleSummary: Apple has announced the new M4 chip, including details on its specifications, features, AI capabilities, configurations, and planned availability in different Apple products.
Full articleSummary: Microsoft, a key OpenAI investor, will have to wait for ChatGPT access on Windows desktop as the app is first made available for Mac users. OpenAI plans to launch a Windows version later this year.
Full articleSummary: Boeing is delaying its first flight with humans on its Starliner spacecraft again due to a helium leak.
Full articleSummary: Bullish option flow detected in CVS Health with high call volume and increasing implied volatility. Most active options are May-24 57 calls and Jan-26 70 calls.
Full articleSummary: Alphabet, the parent company of Google, unveiled new AI features at its annual I/O developer event in California, including improvements to the Gemini chatbot and search capabilities, in response to competition from OpenAI and others. Shares of Alphabet rose by about 1% during the product presentation.
Full articleSummary: Janney Montgomery Scott LLC increased its stake in Danaher Co. during the fourth quarter, along with other large investors such as Wellington Management Group LLP, Allen Investment Management LLC, J.P. Morgan Private Wealth Advisors LLC, Alecta Tjanstepension Omsesidigt, and Harris Associates L P. Danaher also reported positive earnings results for the recent quarter, beating analyst estimates, and announced a quarterly dividend. Insiders, including CFO Matthew Mcgrew and SVP Daniel Raskas, have sold substantial amounts of company stock. Several analysts have recently set new price targets for DHR.
Full articleSummary: Pettee Investors Inc. decreased its stake in JPMorgan Chase & Co. by 1.0% during the 4th quarter, with several other large investors recently buying and selling shares of the stock. The stock has been rated with a consensus rating of 'Moderate Buy' by analysts, with an average price target of $192.05. JPMorgan Chase & Co. reported earnings per share of $4.63 for the quarter, beating estimates, and increased its dividend payout ratio. Insider activity includes notable stock sales by executives.
Full articleSummary: The growth of AI is driving the stock market with companies like Taiwan Semiconductor, Meta Platforms, and Alphabet leading the way. These companies are utilizing AI in various ways to drive their businesses forward and investors are advised to consider them for long-term growth potential.
Full articleSummary: The Investment Committee provides their top stocks to watch for the second half including Pfizer, Vertex, Freeport-McMoran, and Qualcomm.
Full articleSummary: Eli Lilly (NYSE:LLY) received a price target adjustment to $840 per share by analyst Jasper Hellweg from Argus, who noted positive growth potential driven by its diabetes and weight loss drugs, as well as a successful sleep apnea treatment using tirzepatide. The company also acquired additional manufacturing operations to meet potential market demands.
Full articleSummary: Rumors suggest that MediaTek and Nvidia are working together to develop an Arm-based AI processor for PCs, with a price target of $300 per unit. The chip's design is expected to be finalized in Q3 2024, undergo verification in Q4 2024, and manufacturing in the first half of 2025.
Full articleSummary: Comcast plans to launch a streaming bundle called StreamSaver which includes Peacock, Netflix, and Apple TV+. The price of the bundle has not been announced but will be discounted for Comcast TV or internet service subscribers. This comes in response to Disney and Warner Bros. Discovery announcing a similar streaming bundle.
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