Summary: Apple is reportedly finalizing a deal with OpenAI to use ChatGPT features in its iOS 18 operating system, potentially offering AI features and a new chatbot tool.
Full articleSummary: Key U.S. stock market indexes closed the week with impressive gains, led by the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average. Investor optimism persisted despite mixed signals on Fed rate cuts, with anticipation on this week's inflation data. Zacks Research provided insights on stock upgrades for companies like Micron, Montrose Environmental, EMCOR, Comfort Systems, Sea Limited, Quanta Services, Mettler-Toledo, McCormick, Tractor Supply, Colgate-Palmolive, and Freshpet.
Full articleSummary: France announced €15 billion in investments from multinational companies including Microsoft, Amazon, Sanofi, and more, boosting its business landscape. The Choose France summit highlighted a total of 56 projects with significant FDI commitments, positioning the country as a leading hub for global business.
Full articleSummary: Ford is cutting orders for high-voltage batteries from suppliers to curb electric vehicle business losses by reducing spending on battery-powered vehicles. Ford is focusing on developing an entry-level electric vehicle priced at $25,000, expected to launch in 2026.
Full articleSummary: The Courier, Express and Parcel (CEP) Market is expected to reach a value of approximately USD 501.01 billion in 2023 with a projected Compound Annual Growth Rate (CAGR) of 10.64% during the forecast period from 2023 to 2030. The market report includes detailed segmentation, analysis of key developments, competitor analysis, and major players in the industry.
Full articleSummary: Several pharmaceutical industry leaders plan to invest approximately $2.16 billion (€2 billion) in France, with Sanofi committing more than $1.08 billion (€1 billion) to boost its biomanufacturing capacity. Pfizer and AstraZeneca have also pledged investments totaling $1 billion in the country.
Full articleSummary: A brown pelican landing on the field at Oracle Park during a San Francisco Giants game against the Cincinnati Reds became the talk of the match. The pelican's actions were humorously narrated by broadcasters and it even got featured on the video board, becoming a star moment during the game.
Full articleSummary: Cytokinetics' late-stage trial results for aficamten in treating oHCM show competitive efficacy and safety compared to Bristol Myers Squibb's similar treatment, with the added advantage of more convenient dosing.
Full articleSummary: Microsoft is investing $4.3 billion in AI and cloud projects in France, focusing on infrastructure, AI skilling, and supporting startups. This marks the company's largest investment in France, part of the 'Choose France' summit to turn the country into a financial hub. The goal is to train 1 million people and back 2,500 AI startups by 2027.
Full articleSummary: Microsoft has earmarked $4.3 billion for AI and cloud projects in France, with a focus on infrastructure, skilling, and supporting AI startups. This marks the tech giant's largest investment in France to date. The project includes expanding data centers in Paris and Marseille regions and creating a new data center campus in Grand Est Region.
Full articleSummary: IBM Research released its Granite code foundation models to the public, aimed at democratizing the use of advanced AI tools for software development. These models, with 3 to 34 billion parameters, enhance developer productivity by automating routine and complex tasks, thus improving software quality and reducing time to market. IBM's decision to provide these models on platforms like GitHub and Hugging Face aims to empower the developer community and create a more equal competitive environment in the software development industry.
Full articleSummary: BNY Mellon US Mid Cap Core Equity ETF (BKMC) is a passively managed exchange-traded fund. It aims to match the performance of the Morningstar U.S. Mid Cap Index, offering exposure to mid-cap blend companies with market capitalization between $2 billion and $10 billion. The ETF has low costs with an annual operating expense of 0.04% and a 12-month trailing dividend yield of 1.34%. Its sector exposure is heaviest in Industrials, and the top three holdings include Vistra Corp (VST), Reliance Inc (RS), and Leidos Holdings Inc (LDOS). BKMC has delivered a return of about 22.66% in the last year and holds about 407 diversified holdings.
Full articleSummary: Microsoft pledged to invest 4 billion euros to support French growth in the artificial intelligence sector, including expanding Cloud and AI infrastructure and launching an AI skilling initiative to train 1 million French people by 2027.
Full articleSummary: Costco is known for offering certain items at prices that generally can't be beat, such as maple syrup, rotisserie chicken, gas, a hot dog and soda combo, and gift cards at below face value.
Full articleSummary: Class action lawsuit filed against Target Corporation by Jennifer Carbine, alleging false advertising regarding Good and Gather Pasta Sauce products containing artificial preservatives.
Full articleSummary: IBM's cloud security software Security Guardium has multiple critical security vulnerabilities affecting both the core software and third-party software packages. IT managers are urged to promptly apply available updates.
Full articleSummary: Broadcom Inc. (AVGO) closed higher in the latest trading session, outpacing the gains of the S&P 500, the Dow, and the Nasdaq. Analysts expect a year-over-year decline in earnings for the upcoming report, but revenue is expected to increase. The company's valuation metrics demonstrate a discount compared to the industry average.
Full articleSummary: CVS Health Corp. announced the acquisition of home-health provider Signify Health for $8 billion, continuing its expansion into different sectors of the health industry.
Full articleSummary: JetBlue Airways Corporation will participate in a fireside chat at the Bank of America Transportation, Airlines and Industrials Conference on May 15th.
Full articleSummary: TD SYNNEX launched their IBM watsonx Gold 100 program, aiming to recruit 100 partners to achieve IBM’s Gold-tier status and provide AI solutions through the Destination AI program.
Full articleSummary: A major mistake in setup caused Google Cloud and UniSuper to delete the financial service provider’s private cloud account. The outage led to worry about cloud service security, with UniSuper promising to update investment account amounts soon. Google Cloud and UniSuper's CEOs issued a joint apology, acknowledging the one-of-a-kind occurrence. The event emphasizes the importance of strong security measures for cloud services, particularly when managing private financial data.
Full articleSummary: Dow Jones marks its eighth straight day of gains, boosting Nasdaq, Russell 2000, and S&P 500. Media fuels rally with hopes of interest rate cuts. Lower rates increase stock market attractiveness. Taiwan Semiconductor reports 60% sales jump, aiding chip stocks like Apple, Qualcomm, Best Buy, Lenovo, and Dell.
Full articleSummary: Eni, an Italian energy group, is considering spinning off stakes in high-potential oil and gas projects in Indonesia and Ivory Coast to focus on low-carbon activities, following a strategy to attract investors for different segments of its operations.
Full articleSummary: Emerson introduced the AVENTICSTM Series 625 Sentronic Proportional Pressure Control Valves, offering precise and flexible control for high-precision manufacturing applications.
Full articleSummary: Apple executives realized Siri needed an upgrade after testing OpenAI's chatbot ChatGPT, which led to speculation of an impending Siri overhaul before Apple's Worldwide Developers Conference. The company has been quietly working on its own AI chips and is in talks with OpenAI and Google to integrate their chatbots in the next version of iOS.
Full articleSummary: Cisco Systems, Inc. is expected to release earnings results for its third quarter with analysts projecting a decrease in earnings compared to the year-ago period. The company announced new collaboration devices and has a dividend yield of 3.33%.
Full articleSummary: Several top Wall Street analysts downgraded their outlook on key stocks, including Texas Instruments Incorporated, SolarEdge Technologies Inc., PENN Entertainment Inc., Morgan Stanley Direct, and PlayAGS Inc.
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