Summary: Union Pacific's Big Boy No. 4014, the world’s largest operating steam locomotive, will make 19 whistle-stops in five western states during its 2024 Westward Bound Tour. In addition, it will be on public display in Roseville, California, and Ogden, Utah. During the tour, the Union Pacific Museum will host a special passenger trip.
Full articleSummary: ExxonMobil-led consortium achieves peak production at Liza Unity FPSO vessel pumping out 252,000 barrels per day offshore Guyana, with plans for further advancements, including inauguration of output next year from newest vessel One Guyana.
Full articleSummary: IBM announced the availability of IBM Copilot Runway, a new offering designed to help enterprises integrate copilots' generative AI to enhance productivity and drive business success. IBM Consulting will build custom copilots tailored to fit specific business scenarios, focusing on priority use cases and industries. IBM is expanding its Microsoft copilot capabilities globally through Experience Zones and plans to continue investing in growing its team of experts and capabilities through acquisitions. IBM data and AI consultants work with multiple models to optimize performance and efficiency.
Full articleSummary: ExxonMobil Corp. reported strong first-quarter earnings of $8.2 billion and outlined plans to further increase its earnings potential with structural cost savings and growth projects. The company also focused on strengthening its balance sheet by reducing net debt and paying dividends to shareholders.
Full articleSummary: Google I/O conference starting on Tuesday will focus on unveiling the latest versions of Android, Wear OS, and Android TV, with a lot of emphasis on AI technologies. Gemini and CEO Sundar Pichai will be at the forefront of demonstrating Google's advancements in the field amidst competition from Microsoft and OpenAI.
Full articleSummary: FedEx orders 150 Blue Arc EV Trucks from The Shyft Group for last-mile delivery routes, aiming for phased electrification of entire global pickup and delivery fleet by 2040.
Full articleSummary: Wells Fargo appointed Fernando Rivas as SEVP and Co-CEO of Corporate & Investment Banking (CIB) alongside Jon Weiss, aiming to further enhance the bank's capabilities and market share. Rivas, joining from JP Morgan Chase, brings decades of experience in investment banking.
Full articleSummary: Comcast Xfinity experiences widespread outages in various US regions impacting internet, television, and phone services. The cause of the outages is unknown as of now.
Full articleSummary: Two whistleblowers linked to Boeing and Pfizer, Joshua Dean and Melissa McAtee, have died recently, with McAtee emphasizing she is not suicidal in a video address on social media.
Full articleSummary: Stocks rose on Thursday amid hopes for easier Federal Reserve policy, with the Dow Jones aiming for its seventh straight daily gain in 2024. Home Depot and Caterpillar led the Dow higher, while weak earnings reports briefly affected sentiment.
Full articleSummary: The world's leading banks have significantly ramped up their AI talent acquisition, with a 9% growth in the past six months, focusing on implementation capabilities. US banks, particularly JPMorgan Chase and Capital One, are leaders in AI talent, while European banks like Deutsche Bank, Santander, ING, and Lloyds Banking Group are also making notable strides.
Full articleSummary: Meta Platforms (META) is increasing spending on unprofitable technologies like AI, causing stock slip and negative analyst ratings.
Full articleSummary: General Dynamics (GD) has a positive earnings history and is expected to beat estimates in its next quarterly report. The company has shown consistent surprises in the past two quarters, with an average of 3.69%. With a positive Earnings ESP of +0.14% and a Zacks Rank #2 (Buy), another earnings beat is likely around the corner.
Full articleSummary: JPMorgan Chase is expanding its presence in Phoenix with a new office building at 44th Street and Camelback Road to better serve its clients' banking and financial needs.
Full articleSummary: Microsoft is closing down its Africa Development Centre in Nigeria, leading to job losses, but will continue to operate in the country.
Full articleSummary: Starbucks introduces new spicy and boba refreshers for the summer, receiving mixed reviews on flavors and drink experience.
Full articleSummary: Warren Buffett emphasizes the importance of considering long-term investment horizon when buying stocks. A hypothetical decade-long investment in Citigroup Inc (NYSE: C) made in 2014 would have resulted in a 71.45% total return with an annualized rate of return of 5.54% as of 05/08/2024. The reinvestment of dividends played a significant role in the total return.
Full articleSummary: Stokes Family Office LLC reduced its stake in JPMorgan Chase & Co. by 28.8% during the fourth quarter, while other large investors made purchases. Insider activity includes significant sales of company stock. JPMorgan Chase & Co. stock was up 2.0%, and the company increased its dividend. Analysts have set new price targets for JPM.
Full articleSummary: Benjamin F. Edwards & Company Inc. increased its holdings in JPMorgan Chase & Co. by 10.3% during the fourth quarter, with institutional investors and hedge funds also modifying their holdings. JPMorgan Chase & Co. trading saw a 2.0% increase, and the company recently announced an increase in its quarterly dividend. Insiders at JPMorgan Chase & Co. were actively selling their shares, and analysts have mixed ratings on the stock.
Full articleSummary: Carson Advisory Inc. reduced its stake in JPMorgan Chase & Co. by 0.7% in Q4. Insiders sold over 1 million shares of company stock. Wall Street analysts have a consensus price target of $192.05 for JPM.
Full articleSummary: Federal regulators are investigating Ford's repair method for nearly 43,000 recalled Bronco Sports and Escapes SUVs due to fuel injector issues, with concerns about gasoline leaks onto hot engine surfaces. The National Highway Traffic Safety Administration (NHTSA) questions the adequacy of Ford's remedy program and wants detailed information from the company by June 21.
Full articleSummary: A Costco shopper received a 'death stare' from a worker when attempting to return a bottle of Chile Verde salsa that was growing something inside, despite it being bought a year ago and not yet expired.
Full articleSummary: PepsiCo has launched its Extra Flamin’ Hot flavour across Doritos, Walkers Max, and Wotsits Crunchy variants to cater to the demand for spicier snacking foods, particularly among the Gen Z audience. The three-strong range adds a deliciously intense twist to the nation’s much-loved favourites.
Full articleSummary: Nvidia GeForce driver update 552.44 acknowledges crashing issue in Tekken 8 on GeForce GTX 10-series graphics cards but mentions problems with various hardware. New update provides Game Ready support for Ghost of Tsushima and Homeworld 3.
Full articleSummary: BBVA is making a hostile bid to acquire Sabadell, in a deal that has been oscillating between €12 billion and €11 billion. Spain's economy minister raises concerns about the deal impacting competition and adding uncertainty and volatility to the financial sector.
Full articleSummary: Apple's commercial for the newest version of the iPad Pro has sparked controversy due to its depiction of creative tools being crushed by a hydraulic press, leading to mixed reactions from creators and viewers.
Full articleSummary: ServiceNow partners with IBM and Microsoft to enhance generative artificial intelligence capabilities and adds new automation solutions including Contract Management Pro, Field Service Management, and Project RaptorDB to its Now Platform.
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