Summary: Comcast has launched NOW Internet and NOW Mobile services nationwide, providing low-cost, pay-as-you-go options for reliable connectivity with no contracts or credit checks.
Full articleSummary: Recent rise in the M2 money supply indicates that the Federal Reserve may not be able to deliver expected interest rate cuts as they struggle with record Treasury deficits and stubbornly high inflation, leading to potential bond market volatility. Bert Dohmen of Dohmen Capital Research argues that the Fed is forced to finance deficits and that discussions about rate cuts are meaningless.
Full articleSummary: Arecor Therapeutics PLC announced a novel insulin development collaboration with Medtronic PLC aiming to bring significant advancements in insulin treatment options for patients with limited control over diabetes. Arecor shares were up 1.3% in London.
Full articleSummary: Bank of America's analysis reveals that consumer spending maintained momentum in April, driven by lower-income households and stable underlying spending. However, caution is advised due to the cooling labor market and rising property insurance costs.
Full articleSummary: Warner Bros. Discovery and Disney announced a new streaming bundle including Disney+, Hulu, and Max services, aimed at providing a more compelling consumer experience and better retention. This move follows a trend of partnering among media companies to scale their streaming services and compete with tech giants like Amazon and Apple.
Full articleSummary: D.A. Davidson analyst Michael Baker maintained a Hold rating on Costco with a $788.90 average price target, implying a 3.34% upside from current levels. Wells Fargo also maintained a Hold rating on the stock with a $750.00 price target. Corporate insider sentiment is negative with an increase in insiders selling shares of COST.
Full articleSummary: Warner Bros. Discovery (WBD) shares are trading lower after reporting Q1 earnings and revenue missing expectations. The company announced a new streaming bundle with Disney, including Max, Disney+, and Hulu, to drive subscriber growth and increase retention.
Full articleSummary: Kevin Simpson, Capital Wealth Planning founder and CIO, sells Apple calls and sells Broadcom.
Full articleSummary: BlackRock, Inc. has increased its stake in Allied Irish Banks (AIB Group PLC) to over 8%, signaling growing interest and influence in AIB.
Full articleSummary: John Deere is planning a strong presence at the upcoming Cereals 2024 event in Bedfordshire, showcasing their new S7 Series combines as well as the latest 5M Tractors and sprayers, featuring advanced digital technology and improved efficiency. Additionally, visitors will have the opportunity to see the 8R410 tractor with stepless eAutoPowr and a 913hp production tractor.
Full articleSummary: Home Depot is set to release its first-quarter earnings report on Tuesday, May 14, 2024. Morningstar expects the firm to discuss its views on the overall housing and home improvement market, defend its margins through cost containment measures, and give updates on the SRS Distribution acquisition and its initiative to expand its complex pros business.
Full articleSummary: Arecor Therapeutics PLC announced a collaboration with Medtronic PLC to develop a novel insulin for a next-generation implantable pump, aiming to provide improved treatment options for a small population of diabetes patients. Arecor's CEO highlighted the potential of this insulin to transform treatment for vulnerable patient groups.
Full articleSummary: Rich Otto, former head of product launches at Tesla, resigned amid recent layoffs, referring to them as throwing the company 'out of balance'. His departure follows several other senior-level executives leaving in recent weeks.
Full articleSummary: EDXM Global, a subsidiary of EDX Markets, launched its settlement platform in Singapore, supporting BTC, ETH, and LTC assets. The platform plans to provide custody services, aiming to obtain a Singapore license. EDX also recently launched EDX Clearing, secured a Series B investment round, and intends to offer spot and derivatives trading including perpetual futures.
Full articleSummary: Microsoft announces a $3.3 billion investment in southeastern Wisconsin to build a new data center, academy, and lab focused on innovation through artificial intelligence, addressing concerns about job displacement and bias in AI technology. The company emphasizes the importance of diversity in creating and managing AI tools to prevent bias.
Full articleSummary: Microsoft plans to invest $3.3 billion in southeastern Wisconsin to build a new data center, academy, and lab focused on AI innovation, addressing concerns about job displacement and bias in AI systems. Collaboration with institutions like Gateway Technical College and UW-Milwaukee aims to ensure diversity in workforce and prevent bias in AI tools. President Brad Smith emphasizes the importance of a diverse group of people working together to create and manage technology to prevent bias. The investment also includes efforts to create a future-ready workforce through AI education programs in Racine County.
Full articleSummary: Tesla Inc.'s head of product launches is leaving the company after criticizing recent layoffs by CEO Elon Musk, who plans to cut 10% of the global workforce. The company is facing challenges including cooling demand, intense competition, margin pressures from price cuts, and a review by U.S. prosecutors for possible securities or wire fraud related to self-driving capabilities.
Full articleSummary: Nike has signed a 20-year lease agreement with GLP for its new state-of-the-art UK Logistics Campus at Magna Park Corby, prioritizing sport, wellbeing, sustainability, and carbon neutrality.
Full articleSummary: Alembic is deploying an Nvidia DGX H100-based AI supercomputer to power its new composite and causality AI systems that will demonstrate causality in large datasets focusing on marketing ROI. The startup has raised $26.8 million in funding to date.
Full articleSummary: PayPal USD (PYUSD) is a decentralized finance (DeF) protocol that allows users to borrow and lend cryptocurrency in a decentralized and anonymous way. Users can earn % p.a. on PYUSD through platforms like YouHodler by depositing it and receiving weekly payments. The protocol also offers benefits like governance rights and reduced transaction fees for token holders.
Full articleSummary: Nvidia announces deployment of a new DGX SuperPod system for US federal agencies, in collaboration with The Mitre Corporation to improve AI experimentation across federal government agencies.
Full articleSummary: Intel has secured all of ASML’s stock of High Numerical Aperture NA Extreme Ultraviolet (High NA EUV) chipmaking equipment due to be manufactured this year, with Samsung and SK Hynix having to wait until the second half of 2025 to get hold of equipment from ASML. ASML is the sole global supplier of extreme ultraviolet lithography photolithography machines essential for making the most advanced 3nm and 5nm chips.
Full articleSummary: CVS Health (CVS) is expected to maintain its streak of beating earnings estimates, with estimates trending higher and a positive Zacks Earnings ESP indicating a future earnings beat possibility.
Full articleSummary: Manli, a NVIDIA AIB partner, rejected a customer's RMA request for a burnt GeForce RTX 4090 GPU, blaming user error for the damage.
Full articleSummary: Stock market opens higher due to expectations of interest rate cuts by central banks, including the Federal Reserve, while companies like Robinhood and Warner Bros. Discovery post strong earnings reports. However, Airbnb stock drops on weak outlook despite beating Q1 estimates.
Full articleSummary: Broadcom is taking over the distribution of VMware Cloud product running on AWS, customers will now work with Broadcom or an authorized reseller for renewals and expansions. The move follows a series of changes by Broadcom including streamlining VMware's product suite and partnership program. VMware's legacy operations have been revamped by Broadcom under CEO Hock Tan's leadership.
Full articleSummary: A group of new whistleblowers represented by attorney Brian Knowles, including Santiago Paredes, are stepping forward to speak out against manufacturing defects at Boeing and its suppliers. Knowles mentioned that more than ten whistleblowers will come forward soon, encouraged by the bravery of previous whistleblowers like John Barnett and Joshua Dean.
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