Summary: Money managers are optimistic about local-currency debt from developing nations despite recent struggles due to US interest rates and a strong dollar. Some countries have slowed their interest rate cuts, widening real rates and offering investors better yields, leading to a potential rebound in the trade.
Full articleSummary: The European Union has added Booking.com to the list of digital companies falling under tougher competition rules, with six months to comply with the Digital Markets Act. Investigations are ongoing regarding social media platform X. Booking.com is a dominant player in Europe with a market share of more than 60 percent.
Full articleSummary: Former Boeing executive, Pratyush Kumar, shifts to angel investing, backing Indian aerospace startups and advising VCs globally. Sierra Nevada buys 5 Korean Air jets for US Air Force fleet modernisation. Launch of Boeing Starliner carrying Indian-origin astronaut Sunita Williams postponed due to Centaur Stage issue.
Full articleSummary: Oil prices experienced minimal change after a recent drop, with Brent crude up 21 cents at $83 a barrel and U.S. West Texas Intermediate crude up 27 cents at $78.53. Factors influencing the market include indications that U.S. policymakers will maintain higher interest rates for longer, potential changes in borrowing costs in the UK and Europe compared to the U.S., U.S. inflation data affecting Federal Reserve policy, and production cuts by OPEC+.
Full articleSummary: PepsiCo stock showed a slight decline of -0.71% in the most recent trading session, lagging behind the broader market gains. Analysts are optimistic about the company's upcoming earnings report, with expected increase in EPS and revenue. The Zacks Rank currently rates PepsiCo as a #2 (Buy), suggesting positive estimate revisions and potential for stock movement.
Full articleSummary: Starbucks' stock experienced a sharp decline after a poor second-quarter earnings report. However, the company is implementing strategies to address challenges and improve efficiency, which could present a buying opportunity for long-term investors.
Full articleSummary: Bristol Myers Squibb's cancer immunotherapies Opdivo and Yervoy failed to improve progression-free survival in a Phase III trial for non-small cell lung cancer. However, the company continues to explore expanding indications for Opdivo and Yervoy in various cancer types.
Full articleSummary: The European Union added Booking.com to the list of digital companies under tougher competition rules, investigating social media platform X, and enforcing the Digital Markets Act (DMA) on market 'gatekeepers'.
Full articleSummary: Ford's Model e division is struggling financially, losing over $100,000 per EV sold, leading the company to scale back EV production by cutting back on battery orders.
Full articleSummary: Nvidia announced that it will accelerate quantum computing efforts at national supercomputing centers with the open-source Nvidia CUDA-Q platform, additional supercomputers worldwide are using Nvidia Grace Hopper Superchips to speed up scientific research and discovery, and new Grace Hopper-based supercomputers are being deployed globally including in France, Poland, Switzerland, Germany, the U.S., and Japan.
Full articleSummary: Lockheed Martin has been awarded a $451 million contract by the U.S. Army to recapitalize additional M270 systems, expanding its domestic fleet of launchers and providing upgrades for global partners.
Full articleSummary: Honeywell commits to combating greenhouse gases and driving positive impact in various sectors with sustainable solutions.
Full articleSummary: NVIDIA announced nine new supercomputers worldwide using NVIDIA Grace Hopper™ Superchips to deliver 200 exaflops of energy-efficient AI processing power for groundbreaking research. The supercomputers include EXA1-HE in France, Helios in Poland, Alps in Switzerland, JUPITER in Germany, DeltaAI in the US, and Miyabi in Japan.
Full articleSummary: Dow Jones's Chief Marketing Officer, Sherry Weiss, discusses leveraging the brand equity to drive growth, engagement, and retention through customer-focused strategies. She highlights the importance of subscription strategy, enterprise partnerships, consistent storytelling, audience-first innovation, and leadership based on her experiences at Citi and Jet.
Full articleSummary: Meta is expanding the test of Meta Verified for businesses on Facebook and Instagram to more countries and is launching additional subscription plans for the program.
Full articleSummary: Boeing manufacturing problems are causing flight delays and cancellations at O’Hare International Airport in Chicago this summer, affecting airlines such as Southwest, American, and United.
Full articleSummary: IBM and SAP have expanded their partnership to accelerate enterprise innovation and productivity through generative AI, aiming to infuse powerful AI capabilities across SAP's portfolio of industry cloud solutions and business processes.
Full articleSummary: European Union targets Booking Holdings Inc.'s travel services platform in crackdown on tech firms' market power, sets six-month compliance deadline under Digital Markets Act; aims to prevent competition abuses preemptively. EU law applies to tech firms with significant impact on market, including Apple, Microsoft, Meta Platforms, Alphabet, Amazon, and TikTok's ByteDance. DMA prohibits platforms from favoring own services over rivals, combining personal data, competing against third-party merchants using collected data.
Full articleSummary: CrowdStrike partners with Google Cloud to enhance Mandiant's services for Google Cloud customers and protect from current cloud threats. GlobalData forecasts the total cybersecurity market to be over $290bn by 2027 with CAGR of 13% from 2022.
Full articleSummary: Lockheed Martin secures $553.4 million worth of modifications to build and deliver surface-to-surface rocket weapon systems to the U.S. Army and foreign military customers, including providing Guided Multiple Launch Rocket Systems.
Full articleSummary: Oracle is emerging as a significant player in the cloud industry, showing impressive growth in cloud services revenue, and boasting a high demand for its services as indicated by its increasing remaining performance obligations (RPO). The company's potential for long-term value creation is highlighted by its current market cap of $320 billion and a price-to-sales (P/S) multiple of just 6.3, positioning it as a good investment opportunity.
Full articleSummary: Research reveals Ford Fiesta is the most reliable used car in the UK, leading to a surge in sales of second-hand vehicles, with the UK experiencing the best first quarter since 2019.
Full articleSummary: Ken Griffin, founder and chief executive officer of Citadel, increased his position in Amazon by more than 200% in the fourth quarter. Amazon's dominance in e-commerce, cloud computing, and AI market makes it a once-in-a-generation investment opportunity.
Full articleSummary: RadNet, Inc. announced that their CFO will be presenting at the Bank of America Securities 2024 Health Care Conference in Las Vegas, NV on May 14, 2024, at 3:00 p.m. Pacific Time.
Full articleSummary: Quarter-over-quarter and year-over-year fund sales have shown growth in all major asset classes, with a notable increase in passive offerings benefiting BlackRock, Legal & General Investment Management, and HSBC Asset Management. Active managers like Jupiter Asset Management, Artemis, and Rathbones also experienced positive sales trends.
Full articleSummary: RadNet, Inc. will be presenting at the Bank of America Securities 2024 Health Care Conference in Las Vegas, NV on May 14, 2024. They are a national leader in diagnostic imaging services.
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