Summary: Dimensional Fund Advisors LP reduced its position in American Tower Co. by 0.5% in the 4th quarter, with the fund selling 33,005 shares. The company's stock was owned by the fund as its 21st biggest holding worth $1,394,849,000. Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Tower stock traded down 1.0% during midday trading on Friday.
Full articleSummary: Apple apologized for a new iPad commercial that showed an industrial compressor flattening tools for art, music, and creativity, stating that they missed the mark and will no longer run the ad on TV.
Full articleSummary: Apple will deliver upcoming AI features through data centers powered by its own chips, integrating generative AI in its products.
Full articleSummary: Oracle has faced obstacles in its plans for Cerner, with the acquisition not meeting expectations in the U.S. market but some success overseas. Financial documents reveal sales decline and flat growth, with focus now on migrating clients to cloud infrastructure and improving products.
Full articleSummary: Whales have taken a bullish stance on FedEx with significant options trading activities detected. The major market movers are focusing on a price band between $200.0 and $300.0 for FedEx over the last three months. Various bullish and bearish options trades have been observed for FedEx.
Full articleSummary: Costco reported a 7.1% growth in sales for April, reaching $19.8 billion.
Full articleSummary: Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month in June, despite offering the full assortment online. This decision follows a backlash that affected sales last year.
Full articleSummary: The Federal Reserve revealed that the largest banks could face higher loan defaults on commercial real estate and residential real estate loans due to climate change and decarbonization of the economy. The scenario included the impact of a severe hurricane in the Northeastern United States and another natural disaster chosen by the bank.
Full articleSummary: Target announces a different approach for its 2024 Pride merchandise collection, curated based on consumer feedback and historical sales performance.
Full articleSummary: Emerson introduces new AVENTICS Series 625 Sentronic Proportional Pressure Control Valves designed for accurate electronic control and support of pneumatic engineering applications.
Full articleSummary: Microsoft unveiled a $3.3 billion investment package in Southeast Wisconsin to establish the region as an AI-powered economic hub, including cloud computing and AI infrastructure, a manufacturing-focused AI co-innovation lab, and an AI skilling initiative. The investments aim to create jobs, advance manufacturing companies, and support under-resourced communities. The company will also build a new data center campus in Mount Pleasant, Wisconsin.
Full articleSummary: TikTok is starting to automatically label AI-generated content from other platforms using Content Credentials technology from C2PA, creators will now have an "AI-generated" label attached to their content. TikTok is also planning to attach Content Credentials to AI-generated content created on the platform and is committed to combatting deceptive AI in elections.
Full articleSummary: ExxonMobil reported a 26%-28% decrease in earnings compared to last year, but generated $10.1 billion in free cash flow, exceeding analyst expectations. The company has been focusing on maximizing shale oil yields in the Permian basin and offshore oil fields in Guyana, with plans to significantly increase production in the coming years.
Full articleSummary: AMD continued gaining market share against Intel in the first quarter of 2024. Overall, AMD gained market share in client, server, and mobile segments, while Intel saw some success in the mobile segment. Arm's share, including Qualcomm PCs and Apple Macs, also increased.
Full articleSummary: Pfizer has reportedly agreed to settle over 10,000 lawsuits related to alleged cancer risks from the heartburn drug Zantac due to a cancer-causing substance called NDMA found in the drug.
Full articleSummary: Cisco announces industry-disrupting security innovations to fuel and safeguard the AI revolution, including advancements in AI-native security architecture, convergence with Splunk for improved SOC capabilities, and introduction of new cloud detection and response capabilities.
Full articleSummary: Motional, the autonomous vehicle startup created by a joint venture between Hyundai and Aptiv, is pausing all commercial operations and pushing plans to launch a driverless taxi service to 2026 due to deep cuts across the organization. Wayve, a U.K. startup, raised $1.05 billion in a Series C funding round led by SoftBank Group, adopting a self-learning approach for autonomous driving.
Full articleSummary: Apple apologized for a controversial iPad Pro ad showing instruments and symbols of creativity being crushed, leading to criticism from social media and industry experts.
Full articleSummary: Deere (DE) stock closed at $409 with a +0.88% shift, outperforming S&P 500 and Nasdaq. Analysts expect a decline in earnings and revenue in the upcoming report. The Zacks Rank for DE is currently #3 (Hold), with a Zacks Industry Rank of 191 in the bottom 25%.
Full articleSummary: Labor launches inquiry into negative effects of social media and Meta's refusal to pay Australian news publishers. Facebook's parent company Meta ended agreements to pay news outlets for original journalism, angering Albanese government and media companies.
Full articleSummary: Securitize, the distributor of BlackRock's BUIDL Fund, has submitted an application to Arbitrum's Stable Treasury Endowment Program (STEP) to diversify 35 million ARB tokens into stable real-world assets, indicating growing institutional presence in the crypto space.
Full articleSummary: The Federal Reserve disclosed that major banks could see 20 to 50% of their real estate loan portfolios impacted by severe climate shocks. The banks, including Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), and Wells Fargo (WFC), struggled to model climate risks, leading to uncertainty in assessing the impact on their loan portfolios.
Full articleSummary: MSI has rolled out a new Z790 BIOS implementing the 'Intel Default Settings' profile for 14th & 13th Gen CPUs to improve stability.
Full articleSummary: Rosen Law Firm is investigating potential securities claims on behalf of CVS Health Corporation shareholders due to allegations of misleading business information, resulting in a significant decline in stock price.
Full articleSummary: Apple faced backlash over its latest ad promoting iPad Pro, which showed a hydraulic press crushing various creative instruments, leading to criticism from marketing experts and celebrities. The tech giant issued an apology for missing the mark with the ad campaign.
Full articleSummary: Hedge fund CTC Alternative Strategies Ltd disclosed holding 685,364 shares of BlackRock's iShares Bitcoin Trust (IBIT) worth $27.7 million, making it the second-largest holding in its portfolio. More US firms are entering the Bitcoin ETF market, which is expected to have a bullish impact on the coin's price in the long run.
Full articleSummary: Adrian Newey to leave Red Bull by mid-2025, leading to concerns regarding Ford's entry into Formula 1 in 2026. However, Ford's Performance Motorsports director Mark Rushbrook reassures that Newey's departure will not impact their power unit program for 2026.
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