Summary: Cisco emphasizes the importance of strengthening security in the AI era, collects 550 billion security events a day for learning AI systems, and provides security services across six unique positions. They have released the Cybersecurity Readiness Index, showing a lack of preparation for hacking in companies worldwide.
Full articleSummary: Major banks funded fossil fuels with $705 billion in 2023, total of $6.9 trillion since 2015 Paris Agreement. JPMorgan top financier in 2023 with $41 billion.
Full articleSummary: Top banks financed $705 billion in fossil fuels in 2023, with JPMorgan leading at $41 billion, according to a new report.
Full articleSummary: Americans' trust in the banking system has hit a historic low with only 10% having a great deal of faith. Bank of America faced criticism for discriminatory de-banking practices, including canceling accounts without clear reasons. Shareholders called for transparency regarding these actions and sought a report on the bank's de-banking policies.
Full articleSummary: Zacks Research decreased their Q3 2024 earnings per share estimates for Gilead Sciences. Various equities research analysts have issued ratings and price target changes for the stock. Gilead Sciences last reported quarterly earnings surpassing consensus estimates. Institutional investors have made changes to their positions in the stock. An insider sold shares of Gilead Sciences. The company also announced a quarterly dividend.
Full articleSummary: U.S. stocks closed mostly higher with the Dow Jones index gaining for the eighth straight session, major indices recording gains for the week. Sweetgreen, Inc. (SG) shares jumped 34% on better-than-expected results, while DNOW Inc. (DNOW) shares tumbled over 10% post weaker financials. Most sectors closed positive on the S&P 500, except for consumer discretionary and energy stocks. The Fear and Greed Index remained 'Neutral'.
Full articleSummary: The debate among fund managers on whether to buy NVIDIA Corp stock continues as the stock has surged significantly. Some managers are bullish due to strong market share and sustainable earnings, while others advise caution citing inflated valuations.
Full articleSummary: The market fluctuated in April with the S&P 500 index dropping 4%, but has since recovered some ground in early May. Long-term investors see volatility as an opportunity to invest in discounted stocks. Large dividend stocks like Procter & Gamble, Walmart, and Coca-Cola are considered attractive buys at the moment.
Full articleSummary: Honeywell and Weatherford have collaborated to offer an emissions management solution for the energy industry, combining Honeywell's emissions management suite with Weatherford's Cygnet SCADA platform. The partnership aims to help oil and gas operators monitor emissions data, resolve concerns, and adhere to regulatory standards.
Full articleSummary: AI and quantum computing are set to revolutionize the way we work, study, and consume entertainment. Companies like Nvidia and IBM are making significant advancements in high-powered chips and processors with qubits, showcasing the potential of both technologies. Quantum computing has the ability to exponentially boost computing power and accuracy, while AI is empowering individuals to create bespoke content quickly.
Full articleSummary: Cisco has appointed David Meads as the new VP for the Middle East, Africa, Romania, and CIS, succeeding Reem Asaad. Meads will be responsible for Cisco's strategy and commercial operations in the region, leveraging his three decades of experience in the industry.
Full articleSummary: Income investments in large dividend stocks like Procter & Gamble, Walmart, and Coca-Cola are considered attractive following the market's recent volatility and declines in the S&P 500 index.
Full articleSummary: Dow Jones climbed for the 8th consecutive day while Gold hit a 3-week high amidst stable global market signals. Consumer Sentiment figures at 6-month low, 10-year bond yield marginally up at 4.5%, and Crude Oil falling for the second consecutive week.
Full articleSummary: Large US and Japanese banks like JPMorgan, Mizuho Financial, and Bank of America continue to be major financiers of fossil fuels globally.
Full articleSummary: Big US and Japanese banks dominate global fossil fuel financing, with JPMorgan leading in 2023.
Full articleSummary: Respected engine builder Ryan Medew is joining the DJR engine build for the Ford Supercars teams, replacing Bobby Ervin. DJR has bought Herrod Performance Engines to take over the Ford Supercars Gen3 engine program.
Full articleSummary: Honeywell stock is currently considered undervalued by analysts, with a true price target 6.19% above the current price. Positive price performance and optimistic market sentiment were observed, with a +0.13% increase in stock price on 13.05.2024.
Full articleSummary: NVIDIA is accelerating quantum computing efforts at national supercomputing centers with its open-source CUDA-Q platform, with supercomputing sites in Germany, Japan and Poland using QPUs powered by NVIDIA-accelerated systems.
Full articleSummary: Digital Finance Market is expected to experience strong growth due to increased R&D spending and adoption of new technologies in the financial services industry.
Full articleSummary: JPMorgan's recent disclosure reveals they hold hundreds of thousands worth of spot Bitcoin ETFs despite CEO Jamie Dimon's public criticism of Bitcoin and the crypto industry. The institution's 13F filings showed exposure to BlackRock's, Fidelity's, and Grayscale's products.
Full articleSummary: Kuwait International Bank successfully issued a US$300 million Tier 1 capital sukuk with the help of Dentons, listed on the International Securities Market of the London Stock Exchange.
Full articleSummary: Rumors suggest that the upcoming iPhone 16 Pro and iPhone 16 Pro Max models may feature significant improvements in their camera specifications, including a 48MP ultra-wide camera, 5x optical zoom, new anti-reflective coating technology, and upgraded main cameras for better low-light performance.
Full articleSummary: A woman's strategic mention of JP Morgan in her Bumble dating profile led to a job referral at the company, showcasing the growing influence of social media in professional networking and job searches.
Full articleSummary: Pfizer stock is currently offering a dividend yield of 5.9%, making it an attractive option for income investors. Despite a 28% loss in stock value over the past year, the dividend payout has been increasing, resulting in a high dividend yield. There is potential for significant upside as the company's core business remains strong and the possibility of increasing dividends in the future due to new product launches.
Full articleSummary: Disney announces Tiana's Bayou Adventure, a revamp of Splash Mountain, opening June 28, 2024 at Magic Kingdom featuring animatronics, original voice actors, new soundtrack, and Louisiana-inspired artwork.
Full articleSummary: THAI completes the sale of its entire fleet of 18 retired aircraft, resulting in a non-cash impairment charge of 3.33 billion baht impacting Q1 2024 financial results. Despite the impairment charge, THAI reports a 10.7% increase in total revenue for Q1 2024.
Full articleSummary: Oracle announced a new AI-powered upskilling solution within Oracle Grow to support employee development and strengthen organizational agility. The solution includes Leadership-Driven Role Guides, Centralized Leader Dashboard, Enhanced Workforce Transparency, Innovative Internal Mobility, and Skills Aggregation Platform.
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