Summary: Tishman Hotel & Realty and MetLife Investment Management secure $735 million loan to refinance Disney World resorts
Full articleSummary: Microsoft announced a Euro 4-billion investment to develop data centres and an AI hub in France, marking its largest investment in the country in 41 years. This move comes as part of a series of recent investments by Microsoft in AI and cloud infrastructure globally.
Full articleSummary: North America 5G network and tower deployment market is expected to grow from US$ 3,607.88 million in 2022 to US$ 7,100.97 million by 2028 with a CAGR of 11.9% from 2022 to 2028. The report provides details on market dynamics, segmentation, key players, and future trends in the 5G network and tower deployment market in North America.
Full articleSummary: Walmart plans to close all its Walmart Health centers and stop offering virtual care services, impacting more than 50 centers across several states.
Full articleSummary: Intel appoints Kevin O’Buckley as senior vice president and general manager of Foundry Services, succeeding Stuart Pann who will retire after 35 years of service. O’Buckley to spearhead growth of Intel’s foundry business and ecosystem.
Full articleSummary: Brad Keselowski won the Goodyear 400 at Darlington Raceway, breaking a 110-race winless streak. Ford matched its season-high with five drivers in the top 10. Chris Buescher had victory in his grasp but was wiped out by Tyler Reddick.
Full articleSummary: Stocks rose on Monday, continuing their positive performance from the prior week. The Dow Jones Industrials, S&P 500, and NASDAQ all posted gains. GameStop shares surged 54% after a Reddit trader's online post. Investors are anticipating the release of the consumer price index report to gauge the Federal Reserve's monetary policy.
Full articleSummary: Intel (INTC) is nearing an $11 billion deal with Apollo Global Management to construct a chip factory in Ireland, which has led to a 3.5% increase in Intel's stock price. This deal will help Intel expand its production line and better compete with its rivals like Taiwan Semis and Samsung Electronics.
Full articleSummary: Senate Majority Leader Chuck Schumer has called on the Federal Trade Commission (FTC) to intervene in the proposed merger between Chevron and Hess, valued at $53 billion, citing concerns of higher gas prices. This follows a trend of major acquisitions in the energy sector.
Full articleSummary: Thermo Fisher Scientific (TMO) had its Relative Strength (RS) Rating upgraded from 65 to 74, aiming to clear the 80 threshold for potential bigger gains. The company is trying to complete a flat base with a 603.82 entry.
Full articleSummary: FedEx Corporation continues to invest in career and leadership training for the next generation by hosting FedEx-HBCU student ambassadors in Los Angeles for a career immersion experience, including special deliveries, boardroom meetings, and attending the NAACP Image Awards.
Full articleSummary: Big-box retailers Home Depot (HD) and Walmart (WMT) are set to report their first-quarter earnings figures. University of Michigan preliminary consumer sentiment fell to 67.4, a six-month low. Factors like inflation and consumer slowdowns may impact earnings reports.
Full articleSummary: Reddit has appointed Jyoti Vaidee, a Google veteran, as VP of ads product to streamline the company's ad strategy and management. Vaidee's hire showcases a strategic move by Reddit to bring in experienced professionals to enhance its position in the digital advertising market.
Full articleSummary: Medtronic's PulseSelect system receives regulatory approval in Japan for treating atrial fibrillation, competing with Johnson & Johnson's Varipulse platform. The company has also released a software update for the system with an automated therapy delivery mode.
Full articleSummary: Nvidia's Grace Hopper platforms, with 72-core Grace processor and H100 GPU, have been adopted for nine supercomputers globally achieving 200 ExaFLOPS of 'AI' computational power.
Full articleSummary: BlackRock Inc. suggests that the 10-year Treasury yield could potentially ascend even higher as markets adjust to enduring elevated interest rates amidst significant increases in long-term government yields in both Americas and Europe. Investors are grappling with the likelihood of persistently high rates and uncertainty about central bank policies and forthcoming risks.
Full articleSummary: Microsoft and OpenAI have launched a $2 million fund to educate voters about deceptive uses of AI for the upcoming election season. The Societal Resilience Fund will provide grants to civil societies and education groups to help voters understand the risks of AI and deepfakes. The fund will support organizations such as AARP's Older Adults Technology Services (OATS) and the International Institute for Democracy and Electoral Assistance (International IDEA) in developing training programs.
Full articleSummary: Texas Instruments Incorporated (TXN) is showing positive momentum, with an increase in stock price over multiple timeframes and a potential new 52-week closing high.
Full articleSummary: A consumer filed a class action lawsuit against Bank of America claiming the bank does not legitimately investigate fraud claims, sending out form letter denials making customers responsible for banking fraud.
Full articleSummary: A consumer has filed a class action lawsuit against Bank of America alleging the bank does not adequately investigate fraud claims, shifting responsibility to customers. The lawsuit claims the bank denies legitimate fraud claims without proper investigation and documentation.
Full articleSummary: Lockheed Martin Corp.’s Aeronautics division secured a $22.7 billion modification contract for delivering 255 aircraft related to the F-35 program. This is expected to drive revenue growth and improve profit margin for the company.
Full articleSummary: Fisher Asset Management LLC acquired a new stake in shares of Schwab U.S. TIPS ETF. Other hedge funds and institutional investors have also added to or reduced their stakes in SCHP. The stock's price is trading down by 0.2%.
Full articleSummary: Hess Corp. (HES) shareholders have not written any letters opposing Chevron's (CVX) planned purchase despite previous speculation. Some shareholders believe they are getting shortchanged in the all-stock deal with Chevron, especially in light of the valuable Guyana oil assets.
Full articleSummary: Colgate-Palmolive (CL) meets the criteria of having an RS Rating of 80 or higher, with an increase from 78 to 82. The company's earnings growth increased from 13% to 18% in the last quarter, but revenue gains fell from 7% to 6%. FitLife Brands (FTLF) is the No. 1-ranked stock in the Cosmetics/Personal Care industry group.
Full articleSummary: Target will offer Pride-themed merchandise in select stores and online as Pride Month approaches, after facing controversy last year. The retailer's CEO addressed the decision, emphasizing safety and long-term support for LGBTQ+ causes. Target's commitment to LGBTQ+ equality includes internal events, participation in Pride events, and spotlighting LGBTQ+-owned brands. Human Rights Campaign expressed disappointment with Target's decision.
Full articleSummary: Tesla launched a Model Y financing initiative offering 0.99% APR on qualifying purchases to boost sales amid competition and waning EV demand. Investors should monitor if the stock can close above $197 to potentially indicate a new uptrend.
Full articleSummary: Deutsche Numis analyst Matt O’Connor maintained a Buy rating on JPMorgan Chase & Co. and set a price target of $215.00. Multiple analysts have issued Buy ratings with average price targets suggesting an upside potential. Company reported increased revenue and net profit compared to the previous year's quarter.
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