Summary: JPMorgan CEO Jamie Dimon warned about the possibility of a U.S. recession and stagflation due to unclear economic indicators amid the COVID-19 pandemic. He advised the Federal Reserve to be cautious with interest rate cuts and be data-dependent.
Full articleSummary: NVIDIA expands partnership with Recursion, utilizing AI supercomputer BioHive-2 to expedite pharmaceutical research and development, achieving significant performance improvements. The collaboration aims to leverage AI models to enhance patient outcomes and streamline drug discovery processes.
Full articleSummary: Clearloop, a Silicon Ranch company, along with Intuit Inc. and REI Co-op, inaugurated the 2.8 MWDC White Pine Solar Farm in Tennessee, with Intuit and REI supporting 1.4 MWDC each. The project is set to prevent over 162 million lbs of carbon emissions and power almost 400 homes. Intuit is also donating renewable energy certificates to local schools.
Full articleSummary: Chinese banks such as ICBC and BOC plan to issue TLAC bonds to strengthen their balance sheets and meet solvency requirements set by People's Bank of China. This move is expected to help enhance total loss-absorbing capacity and risk resilience of the banks.
Full articleSummary: Recursion announced the completion of BioHive-2, a new NVIDIA DGX SuperPOD AI supercomputer, resulting in four times faster speeds than their original supercomputer in benchmark performance tests. This supercomputer will accelerate their use of a growing dataset for training new AI models and advancing drug discovery efforts.
Full articleSummary: Chinese state-owned banks ICBC and BOC plan to issue TLAC bonds to strengthen balance sheets and meet solvency regulations, as per People's Bank of China requirements. The TLAC bonds are designed for loss absorption and will enhance banks' total loss-absorbing capacity and risk resilience.
Full articleSummary: Nike partnered with filmmaker Haifaa Al Mansour to create a film encouraging young women in Saudi Arabia to discover their potential and embrace sports, with a focus on inspiring confidence and breaking barriers.
Full articleSummary: EU is set to issue new antitrust charges against Microsoft over its Teams app due to concerns of disadvantaging competitors in the market through integration and pricing strategies.
Full articleSummary: Chevron is a platinum sponsor at the Angola Oil & Gas 2024 conference, demonstrating its commitment to increasing production and sustainable oil and gas development in Angola. The company has interests in offshore Blocks 0 and 14, the Angola LNG project, and deepwater blocks, with recent initiatives including the Sanha Lean Gas Connection Project and exploration of low carbon business opportunities. Chevron's participation in the AOG 2024 conference underscores its dedication to advancing the nation's oil and gas industry.
Full articleSummary: The article discusses the limitations of the Dow Jones indexes due to their small number of tracked companies and price-weighted methodology, suggesting the Invesco S&P 500 Equal Weight ETF as a more diversified alternative for investing in a broad basket of US companies. It highlights the ETF's equal-weighting approach, which reduces reliance on the largest companies in the index for diversification and mentions its historical annualized returns of around 10% over the past 10 years.
Full articleSummary: AI projects are set to comprise up to 10% of companies’ IT budgets, with a significant increase in AI spending being forecasted over the next decade by Wedbush.
Full articleSummary: Honeywell and Weatherford announced a partnership to deliver an emissions management solution for the energy industry, enabling oil and gas operators to monitor, report, and reduce emissions in near real-time.
Full articleSummary: IPA wins $242 million lawsuit against Microsoft for patent infringement related to voice recognition technology. Case originated from a patent acquired by IPA from SRI International's Siri Inc. IPA has been aggressively pursuing legal actions against various tech companies for patent infringement.
Full articleSummary: Tesla's collaboration with Chinese entities, such as Baidu and local suppliers, indicates a significant move for the company amidst intense competition in the Chinese EV market. Foreign companies are strengthening their ties with China, recognizing the nation's strategic importance and investment opportunities. China values contributions to technology and innovation from foreign firms, fostering mutual benefits and innovation ecosystems.
Full articleSummary: Rory McIlroy wins Wells Fargo Championship, gearing up for US PGA Championship with strong performance at Quail Hollow and feeling confident for the upcoming Major at Valhalla Golf Club.
Full articleSummary: Chevron is selling its stakes in two Nigerian offshore oil and gas blocks to focus on U.S. production, amidst concerns of pipeline theft and uncertainty over Nigeria's tax regime.
Full articleSummary: The Golden State Warriors are considering targeting New Orleans Pelicans forward Brandon Ingram in the offseason due to his scoring ability and versatility. Ingram's potential trade packages involve players like Chris Paul, Moses Moody, and Andrew Wiggins.
Full articleSummary: Marcel, Chief Corporate Affairs and Sustainability Officer at Coca-Cola HBC, discusses the company's sustainability strategy and its continuous recognition for sustainability efforts.
Full articleSummary: Senate Majority Leader Chuck Schumer called on the Federal Trade Commission to stop the merger between Chevron and Hess Corp., citing concerns about potential fuel price increases and market consolidation in the oil industry.
Full articleSummary: Tata Motors Ltd reported a strong YoY jump in net profit in Q4 FY24 but missed revenue and Ebitda estimates, leading to a significant drop in its stock price by over 9%. Analysts have varied opinions with some issuing 'add' and 'buy' ratings while others downgrading to 'neutral' and 'reduce'.
Full articleSummary: All for One Group SE disclosed the repurchase of 42 shares under their Share Buyback Programme 2022, with a total of 81,339 shares repurchased since October 2022.
Full articleSummary: Zacks Research issued FY2024 earnings estimates for Bristol-Myers Squibb, with expected EPS of $0.57 slightly below the consensus of $0.59. The company previously reported positive return on equity and revenue surpassing analyst estimates. Various analysts have provided mixed ratings for BMY stock, with a consensus 'Hold' rating and target price of $60.00.
Full articleSummary: U.S. Senate Majority Leader Chuck Schumer urges FTC to halt Chevron Corp's $53 billion acquisition of Hess Corp citing concerns of raising gas prices.
Full articleSummary: Stocks ended almost flat with cautious investors awaiting the release of U.S. inflation data later in the week. The won fell in value against the dollar. Various sectors saw mixed performances, with auto and financial shares gaining ground while IT shares lost. Major shipbuilders also rallied.
Full articleSummary: Nike UK signs a 20-year lease agreement with GLP for a 1.3 million ft² logistics campus at Magna Park Corby. The campus will be the principal hub of Nike's UK supply chain and will prioritize sustainability and wellness.
Full articleSummary: Hargreaves Lansdown has launched four multi-asset index portfolios using BlackRock ETFs and index funds to cater to the rise in index investing. The funds range from 'adventurous' to 'cautious', with varying splits between equities and bonds. The ongoing charge figure is capped at 0.30%.
Full articleSummary: NVIDIA announced nine new supercomputers worldwide using Grace Hopper Superchips, delivering 200 exaflops of energy-efficient AI processing power. These supercomputers are accelerating research in various fields such as climate change and drug discovery.
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