Summary: Meta Platforms will discontinue its Workplace app for customers starting June 2026 due to a shift in focus towards AI and metaverse technologies. Current users can access the product until August 2025. The company offers Zoom's Workvivo as a migration option for Workplace customers.
Full articleSummary: Meta Platforms Inc. is shutting down Workplace, the enterprise version of Facebook, which had ambitious plans but failed to rival Slack and other office productivity tools. Meta will focus on AI and metaverse technologies instead.
Full articleSummary: AMD has launched its Ryzen 7 8700F & Ryzen 5 8400F APUs for DIY targeting Intel's Core i5 lineup, with competitive prices and improved gaming performance compared to Intel's offerings.
Full articleSummary: The Biden administration is allocating funds for the construction of electric truck charging stations in California and other states to phase out diesel-powered trucks, which will lead to higher electricity bills for consumers due to increased demand on the electric grid. Companies are planning charging stations along freight routes in the Southwest, but face challenges such as obtaining sufficient power, permits for transmission lines, and finding suitable land for new charging plazas.
Full articleSummary: Comcast will offer a bundle package including Peacock, Netflix, and Apple TV+ at a reduced price compared to individual subscriptions as CEO Brian Roberts aims to attract customers. The bundling strategy follows other media companies like Disney and Warner Bros. Discovery.
Full articleSummary: Medtronic, the world's largest medical device company, has announced a series of layoffs affecting employees globally, including cuts spanning the entire organization and plans to outsource jobs. The layoffs follow Medtronic's decision to exit the ventilator market and close manufacturing sites. Wall Street analysts are expecting a decrease in revenue and profits in fiscal 2024, with fourth-quarter results scheduled for May 23.
Full articleSummary: Comcast is set to launch a streaming bundle named StreamSaver, combining Peacock with Netflix and Apple TV+ to retain subscribers and compete with industry leader Netflix.
Full articleSummary: Apple released the iOS 17.5 update for eligible iPhones, introducing new features, security enhancements, and the ability to identify unknown location trackers. The update also added a word game Quartiles to the News+ app, enabled offline reading for News+ subscribers, introduced web app distribution for the European Union, and included features like Repair State and Podcast widget.
Full articleSummary: Charles Schwab Investment Management Inc. increased its position in Healthcare Realty Trust Incorporated by 1.6% during the fourth quarter, adding over 81,000 shares. Various other hedge funds also raised their stakes in the company. Analysts have provided mixed ratings on the stock, with an overall average rating of 'Hold' and a consensus price target of $17.30. Healthcare Realty Trust's stock price increased by 4.2%.
Full articleSummary: Comcast CEO announced a new streaming bundle called StreamSaver that combines Peacock, Netflix, and Apple TV+ to be offered at a reduced price, aiming to increase customer retention and compete with tech giants. This move reflects the trend of media companies partnering to scale their streaming services.
Full articleSummary: Oracle Corp. gained 5.3% as it closes in on a $10 billion cloud contract with Elon Musk’s xAI, which would involve renting cloud servers for years.
Full articleSummary: Oracle Corp. is close to a $10 billion cloud contract with Elon Musk’s artificial intelligence startup xAI, leading to a 5.3% gain in Oracle's shares.
Full articleSummary: John Deere announces more layoffs, with 34 workers being cut from its Moline facility, adding to the previous layoffs this year.
Full articleSummary: The launch of a United Launch Alliance Atlas 5 rocket carrying Boeing's Starliner capsule has been delayed by four days due to a small helium leak in the crew ship's propulsion system. Engineers identified and resolved the issue, setting a new launch target for May 21.
Full articleSummary: Boeing's crewed Starliner launch delayed again due to additional testing required to resolve issues with the spacecraft's service module. The launch is scheduled for May 21 after previous delays.
Full articleSummary: Elon Musk's xAI is in talks with Oracle executives about a potential $10 billion deal to rent cloud servers, making xAI one of Oracle's largest customers.
Full articleSummary: Boeing's Starliner has a new launch date after United Launch Alliance replaced a pressure regulation valve, teams are resolving a small helium leak in the spacecraft, NASA astronauts are still in preflight quarantine.
Full articleSummary: Union Pacific Corporation (UNP) has been performing well with positive returns, despite facing concerns related to soft consumer markets and reduced fuel surcharge revenues. Freeport-McMoRan Inc. (FCX) is expected to benefit from exploration activities and progress in innovation, although it may face challenges due to higher costs. Block, Inc. (SQ) has shown growth potential with its Square and Cash App ecosystem, despite facing competitive pressures and weakness in certain consumer spending trends.
Full articleSummary: JPMorgan Chase opposes ISS recommendations to separate CEO and board chair roles, citing 18 years of successful leadership by Jamie Dimon. Dimon plans to split roles upon stepping down. The notion to decouple CEO and chair roles has gained momentum in corporate governance in recent years.
Full articleSummary: Honeywell International Inc. attended Bank of America's 31st Annual Transportation, Airlines, and Industrials Conference where they discussed industrial recovery, aerospace growth, and the company's strategic positioning. Jim Currier, President and CEO of Aerospace Technologies, highlighted the foundation, walls, and system of the business, emphasizing the strong growth potential in aerospace and defense markets. The company's focus on new product introduction, breakthrough initiatives, and advanced technologies is driving future growth.
Full articleSummary: Elon Musk's artificial-intelligence startup xAI is nearing a $10 billion deal to rent Oracle's cloud servers, making xAI one of Oracle's largest customers. The deal is similar to ones struck by Oracle's bigger cloud rivals and comes as xAI finalizes a $6 billion equity funding round to help pay for cloud costs.
Full articleSummary: The Investment Committee discussed the latest Calls of the Day which included Roblox, Regeneron, Costco, and Edison.
Full articleSummary: Meta, Facebook's parent company, will be closing its enterprise communication platform Workplace by May 2026. The decision comes after Workplace struggled to compete against Slack and Microsoft Teams, and faced challenges in growth, especially post-pandemic. Meta recommends using Zoom-owned Workvivo as a migration-ready alternative.
Full articleSummary: Tesla is rehiring some employees from its charging infrastructure team after previously laying them off. Concerns have been raised about the effectiveness of Tesla's Supercharger network after the staff reductions.
Full articleSummary: BrightNight's project owner BOCA has started construction on a project and secured funds to complete construction and commissioning by the first half of 2025. They have signed a 20-year power purchase agreement with SPAA, part of BrightNight's renewables portfolio. Arizona is expanding its solar portfolio, with the expectation for significant growth in the sector over the next five years.
Full articleSummary: Tesla is rehiring some of its Supercharger team members after a recent layoff by CEO Elon Musk, indicating a reversal in strategy. This move comes amidst concerns about dysfunction and toxic culture within the company.
Full articleSummary: Bank of America suggests that a softer-than-expected inflation reading could lead to a quick bounce for some beaten-down parts of the stock market, particularly regional banks. They recommend an options play on the SPDR S & P Regional Banking ETF (KRE) to take advantage of a potential squeeze.
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