Summary: The Industrial Select Sector SPDR Fund (Symbol: XLI) experienced a $369.2 million inflow, resulting in a 2.0% increase in outstanding units week over week. Among its largest components, Honeywell International Inc (HON) is up 0.3%, United Parcel Service Inc (UPS) is up 0.9%, and Automatic Data Processing Inc. (ADP) is relatively unchanged.
Full articleSummary: Tesla has started rolling out the Spring Update 2024.14 with exclusive visual updates for Model 3 and Model Y with Ryzen processors, but vehicles with Intel processors are also receiving some of the features. The update includes a new parked visualization, an improved media player, and expandable Autopilot visualizations.
Full articleSummary: Tesla has started rolling out update 2024.14, with visual updates exclusive to Model 3 and Model Y with Ryzen processors initially, but now also available for vehicles with Intel Atom processors. The update includes a new immersive full-screen parked visualization, an improved media player, and expandable Autopilot visualizations.
Full articleSummary: The data center industry is considering establishing a new metric to measure energy efficiency in the generative AI era, focusing on useful output rather than just energy consumed. Nvidia, along with industry experts, believes the current metric, PUE, is not sufficient to measure efficiency accurately.
Full articleSummary: Google's I/O conference for software developers is expected to bring numerous artificial intelligence announcements, with a focus on generative AI and the Gemini foundation training model. Google stock has climbed 20% in 2024 ahead of the event. OpenAI also unveiled a new AI model, GPT-4o, potentially impacting Apple's licensing talks with both Google and OpenAI. Speculation includes Google's 'Search Generative Experience' at the event and potential partnerships with Apple for Gemini technology.
Full articleSummary: Alphabet's Google I/O conference for software developers is anticipated to have multiple AI announcements including the official launch of 'Search Generative Experience' integrating generative AI models. Analysts also predict the announcement of a partnership deal for Gemini to power Apple's in-house apps on iPhones and other devices.
Full articleSummary: Colgate-Palmolive (India) has fixed record date for second interim dividend of Rs 26 per share for FY 2024 and one-time special interim dividend of Rs 10 per share for Company's excellent performance during FY 2024.
Full articleSummary: John Deere is expanding its operations in Forsyth County by investing $70 million to build a new factory at its Kernersville campus, expecting to add 150 jobs by 2030 and focusing on manufacturing small excavators.
Full articleSummary: New options for International Business Machines Corp (IBM) began trading, with opportunities for sellers of puts or calls to achieve higher premiums. Key data points and contract details analyzed for potential returns, including a put at the $165.00 strike and a call at the $170.00 strike.
Full articleSummary: Birmingham City Council has agreed to re-implement an Oracle Fusion system following a failed rollout and struggles with its current implementation to fulfill statutory duties, facing uncertain costs and reducing project scope by not continuing Oracle-based arrangements for schools.
Full articleSummary: Colgate-Palmolive India reported a 20% jump in consolidated net profit for the fourth quarter of fiscal year 2023-24, with a significant increase in total sales and EBITDA. The company announced a second interim dividend of Rs 26 per share and a special one-time interim dividend of Rs 10 per share, reflecting management's confidence in its financial health and growth prospects.
Full articleSummary: Nvidia has introduced the RTX 2000 Ada, a pro graphics card designed for small workstations with a focus on architectural visualisation, offering significant performance improvements in AI, ray tracing, and memory compared to its predecessor. The card is expected to be available in OEM workstations soon.
Full articleSummary: Dow advanced to the #3 placement on the Fair360 2024 Top 50 Companies list, showcasing the Company's commitment to equity, inclusion, and diversity across various areas.
Full articleSummary: Starbucks faces rulings from NLRB administrative law judges regarding firing a worker for union activity in Louisiana and disciplining workers in New York City for wearing union insignia, cases transferred to board for review. Lengthy process of resolving unfair labor practices highlighted.
Full articleSummary: Comcast CEO announced the launch of a new streaming bundle called StreamSaver which includes Peacock, Netflix, and Apple TV+ at a reduced price. This move is aimed at adding value for consumers in a competitive market and reducing churn.
Full articleSummary: Home Depot is set to acquire building materials supplier SRS Distribution in an $18.25bn deal, expected to be completed by the end of fiscal year 2024, funded through cash on hand and debt. The acquisition will enhance Home Depot's service offerings and expand its reach in specialty trade distribution.
Full articleSummary: NVIDIA has shared performance statistics of its next-gen Blackwell GPU architecture focusing on reducing cost, simulating weather patterns more efficiently, and enhancing compute capabilities compared to previous chips and CPUs. NVIDIA's Monumental Performance Gains with Blackwell GPUs extend to various scientific fields and AI, showcasing significant improvements in performance metrics.
Full articleSummary: Analysts have expressed bullish sentiments on Intuit (INTU), Shift4 Payments (FOUR), and IBEX (IBEX) in the Technology sector.
Full articleSummary: The Michigan Central Station in Detroit, once a symbol of decline, is being restored by Ford Motor Company, including plans for a high-tech campus in Corktown. The $90 million purchase and renovation of the station will include retail, hospitality, community, and office space.
Full articleSummary: Home Depot's sales continued to soften in the first quarter due to various factors like high mortgage rates, inflation concerns, and a delayed start to spring. Despite facing challenges, the company's professional side remains stronger.
Full articleSummary: Microsoft is leveraging AI in its human resources department to drive digital transformation and improve employee experience through tools like HR Virtual Agent and Copilot Dynamics 365 Customer Service AI application.
Full articleSummary: The White House announced a 'strategic' wave of new tariffs on numerous imports from China, targeting industries such as EVs, solar panels, medical products, and manufacturing equipment. Big names like Home Depot (HD), Alibaba (BABA), and Sea Limited (SE) reported earnings. Yahoo Finance trending tickers include GameStop (GME), AMC Entertainment Holdings (AMC), and BlackBerry (BB).
Full articleSummary: Colgate-Palmolive (India) Ltd reported a 20.1% increase in profit after tax to Rs 379.8 crore in the March quarter. For FY24, the company's profit after tax grew 26.4% year-on-year to Rs 1,323.7 crore. The company also declared a second interim dividend of Rs 26 per share and a one-time special interim dividend of Rs 10 per share.
Full articleSummary: A photo wrongly claimed to be from 9/11 actually depicted guests leaving Walt Disney World on August 13, 2004, due to inclement weather. Various articles provide insights into Disneyland and Disney World's statuses on 9/11, portraying Disneyland as closed and featuring a video report of Magic Kingdom visitors leaving due to unforeseen circumstances.
Full articleSummary: Vivek Wadhwa criticized Elon Musk's decision to prioritize manufacturing operations in China over India for Tesla electric cars. Tesla had to lay off over 16,000 employees and faces H-1B visa deadline. Musk postponed his visit to India but visited China and secured concessions. Tesla also filed a trademark infringement case in Delhi High Court.
Full articleSummary: Google has released emergency security updates for the Chrome browser to address a high-severity zero-day vulnerability, CVE-2024-4761, impacting the V8 JavaScript engine. This is the sixth zero-day bug fixed in Chrome since the beginning of the year.
Full articleSummary: Colgate Palmolive India Ltd reported a 20.1% increase in net profit, 10.3% increase in revenue, and 17.7% increase in EBITDA for the fourth quarter ended March 31, 2024. The company declared a second interim dividend of ₹26 per equity share and a special interim dividend of ₹10 per equity share.
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