Summary: The National Transportation Safety Board (NTSB) will vote on findings and safety recommendations related to the near-collision of a FedEx Express with a commercial passenger jet in Texas last year. This followed an incident involving a FedEx Boeing 767-300 freighter in Turkey where the front landing gear failed to deploy.
Full articleSummary: NLRB judge finds Starbucks committed 'serious' unfair labor practices at 2 stores in Cleveland
Full articleSummary: Red Hat, a unit of IBM, is accused of firing a white male employee to meet diversity quotas by making room for more women and people of color in the workforce.
Full articleSummary: The Coca-Cola Company announced the appointment of Carlos Pagoaga as Vice President of Global Community Affairs and President of The Coca-Cola Foundation, succeeding Saadia Madsbjerg. Pagoaga will be responsible for managing all Foundation operations including grant making, financial requirements, and regulatory compliance. Pagoaga has a long history with the company having served in various roles and is expected to bring valuable insights to his new position.
Full articleSummary: The tragic death of Bank of America associate Leo Lukenas due to natural causes has sparked renewed discussions on monitoring and restricting junior bankers' working hours in the industry. Despite social media claims, Bank of America denies Lukenas worked 120-hour weeks. Banks have systems in place to flag overwork, but concerns remain about long hours affecting bankers' health.
Full articleSummary: The FDIC and JPMorgan are in a legal battle over recruiting loans made to 16 former First Republic advisors, with the FDIC supporting JPMorgan in calling for a halt to the advisors' attempt to avoid repayment and seeking federal court intervention. The dispute centers around the former advisors' claims in FINRA arbitration panels and the deadline set by JPMorgan for submitting claims after First Republic's collapse.
Full articleSummary: National Pension Service and other institutional investors have increased their holdings in MetLife, Inc. during the 4th quarter, with National Pension Service owning 0.18% of MetLife worth $87,939,000. MetLife's price performance shows positive movement and the company announced dividend increases and a stock buyback plan.
Full articleSummary: Intel is reportedly preparing to launch Arrow Lake CPUs with K, non-K, and F series SKUs, totaling 8 different CPUs in the 125 W and 65 W TDP departments under the Core Ultra 200 moniker. These CPUs are anticipated to have various core configurations.
Full articleSummary: MSI adopts Intel's new default settings for Z790 motherboards to enhance stability for Raptor Lake and Raptor Lake Refresh Core i9 processors, potentially impacting gaming performance. Users experiencing crashing can download the new BIOS settings directly from MSI.
Full articleSummary: IBM and SAP are partnering to develop and deploy use cases for various industries through SAP's software suite. Additionally, they are jointly building cloud-based generative AI business solutions.
Full articleSummary: Big banks are increasing AI-focused jobs despite industry-wide cuts, JPMorgan Chase, Capital One, and Wells Fargo are leading in hiring AI talent. Major banks are focusing on building capabilities in AI due to stiff competition, higher salaries in tech industry, and benefits in outperforming rivals.
Full articleSummary: Comcast Corp (CMCSA) and Charter Communications Inc (CHTR) are top rated Communication Services stocks according to Validea's Earnings Yield Investor model based on Joel Greenblatt's strategy, scoring 80% and 60% respectively. Both companies operate in the Communications Services industry and have been evaluated based on their fundamentals and valuation. The strategy shows some interest in both stocks.
Full articleSummary: Oracle and Microsoft are enhancing their partnership to help customers protect their data and operate workloads in multicloud, notably expanding Oracle Database@Azure globally.
Full articleSummary: Oracle and Microsoft are working together to expand and enhance their product portfolio, offering services like Oracle Database@Azure with high levels of performance, security, and availability. Global businesses like Conduent, Vodafone, and Voya Financial are adopting Oracle Database@Azure for cloud migrations. Oracle Database@Azure is planning to be available in more regions globally by the end of 2024.
Full articleSummary: The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets in Q1 2024. The U.S. dollar appreciated 2.2% due to stronger growth, slower inflation, and Fed communications. Dollar surged against Swiss Franc and Japanese Yen.
Full articleSummary: Gold prices rose on Thursday as weekly unemployment claims in the US surged, potentially leading to Federal Reserve interest rate cuts. Additionally, central banks such as the Bank of England and Sweden's Riksbank hinted at lowering rates, while strong export data from China also supported the increase in gold prices.
Full articleSummary: Warner Bros. Discovery and Disney are set to launch a bundled offering of Warner Bros.' Max and Disney's Hulu and Disney+ this summer, aiming to provide consumers with a specialized and attractively priced streaming package.
Full articleSummary: Nvidia stock is up 210% in the past year despite a recent sell-off. The company reported impressive earnings, with revenue rising 265% year over year. Nvidia also has significant cash reserves for strategic moves.
Full articleSummary: J.P. Morgan analyst Seth Seifman maintained a Buy rating on Howmet Aerospace with a price target of $83.00. Wells Fargo also maintained a Buy rating on the stock with a $88.00 price target. There is a Strong Buy analyst consensus rating for Howmet Aerospace with a $77.76 average price target.
Full articleSummary: Deep-pocketed investors have adopted a bearish approach towards Chevron CVX, with 70% bearish sentiment and 20% bullish sentiment based on recent options activities. Projected price targets range from $145.0 to $190.0 for Chevron. Trading volume for CVX is at 2,820,771, with price at $164.62, and RSI indicators suggesting a possible overbought status. Expert opinions target an average price of $182.0, with varying rating adjustments.
Full articleSummary: SMC Global, a chemical products manufacturer, has acquired a railway stretch in Kansas City, Kansas, to enhance its infrastructure for shipping and receiving rail cars. The company is evaluating engineering firms to assess the railway's capabilities and any property restrictions and is seeking partnerships for contract manufacturing and chemical transloading in the region.
Full articleSummary: The Dow Jones Industrial Average extended its winning rally, Amazon stock hit a new 52-week high, and Robinhood stock declined after a record quarterly revenue.
Full articleSummary: Chevron and Cyprus are in dispute over the development of the offshore Aphrodite gas field, with Cyprus issuing an ultimatum for Chevron to start design work within six months or risk breaching their contract. Cyprus prefers gas to come from Eni and TotalEnergies' discoveries rather than Chevron's Aphrodite find.
Full articleSummary: A Boeing 737 skidded off a runway at an airport in Senegal’s capital, injuring at least 11 people. The incident led to the grounding of all operations while crew assisted with the evacuation of the aircraft. The FAA has launched a new investigation into Boeing following potential missed inspections on some 787 Dreamliners. Boeing has faced multiple issues recently, including a FedEx jet forced to land without deploying its front landing gear.
Full articleSummary: Starbucks wins case against ex-barista claiming she was fired over unionization efforts in a Vancouver shop.
Full articleSummary: FedEx cargo plane makes emergency landing in Istanbul due to landing gear failure with no injuries reported, Turkish authorities investigating incident. Boeing provided the plane to FedEx in 2014.
Full articleSummary: Oracle is expanding its research and development capabilities in Morocco by growing its local workforce to 1,000 IT professionals to accelerate the development of cutting-edge technologies. The investment aims to develop cloud and AI solutions for global export.
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