Summary: The partnership announcement between MoonPay and PayPal has fueled a rise in SHIB's price, leading to a decrease in SHIB held on exchanges as investors shift towards long-term storage solutions, indicating a bullish outlook. This movement suggests potential for further growth in SHIB's price, particularly if it overcomes the $0.000027 resistance level.
Full articleSummary: Elon Musk's company Tesla recently initiated its fourth consecutive week of layoffs, with hundreds of employees losing their jobs. An ex-Tesla employee shared his disappointment on LinkedIn, mentioning that the company is 'selling magic' with robotaxis and autonomous robots.
Full articleSummary: LTIMindtree and IBM have established a Generative AI Center of Excellence in India to drive open innovation, accelerate adoption of generative AI solutions for organizations, and provide data modernization services.
Full articleSummary: Più di otto italiani su dieci pagano online bollette e spese legate alla pubblica amministrazione, con i principali fattori di scelta che includono la disponibilità del servizio 24/7 e la velocità di procedura. Paypal continua a crescere in Italia grazie a questo trend e si concentra ora sul settore business, offrendo soluzioni di pagamento anche per le piccole imprese.
Full articleSummary: Sanad, the global aerospace engineering and leasing solutions leader, has selected Oracle Cloud Infrastructure (OCI) to migrate core business processes to the cloud, enabling enhanced business agility, productivity, security, and compliance. Sanad plans to migrate its Oracle E-Business Suite to OCI to modernize, automate, and scale core business systems, while establishing disaster recovery capabilities and complying with national data residency requirements.
Full articleSummary: Meta, the parent company of social media giants Facebook and Instagram, unveiled a suite of enhanced generative AI features for advertisers. The latest developments include capabilities in image generation, expanded text overlay options, image expansion, and text generation features. These updates aim to streamline the ad creation process and drive superior performance for advertisers.
Full articleSummary: Coupang, Inc. (NYSE:CPNG) misses on earnings expectations with reported EPS of $-0.01322 compared to expectations of $0.0548. The company highlights growth in revenues and active customers driven by newer services like Rocket Fresh and Fulfillment and Logistics by Coupang, as well as progress in Developing Offerings segment.
Full articleSummary: Citigroup sold shares of telecom company Vodafone Idea for over Rs 233 crore through an open market transaction. The shares were disposed of at an average price of Rs 12.27 apiece.
Full articleSummary: U.S. prosecutors are investigating whether Tesla committed securities or wire fraud by misleading investors and consumers about its self-driving capabilities, potentially resulting in criminal charges, civil sanctions, or no action.
Full articleSummary: Former US President Donald Trump is reportedly planning to override the Federal Reserve's independence if he returns to the White House in 2025, aiming to achieve lower interest rates and a weaker dollar, resulting in a toxic inflationary cocktail.
Full articleSummary: Coca-Cola Consolidated (COKE) reached an RS Rating of 92, a significant improvement from the previous day's 75, and remains within a buying range after breaking a key buy point.
Full articleSummary: Tesla Inc. is sending executive Tom Zhu back to China, where he led the carmaker’s entry into the country, amidst Tesla losing ground in China's electric car market and facing increased competition.
Full articleSummary: Shares of Intel Corp. fell by 2.6% in morning trading after the Biden administration banned the sale of some chips to a customer in China, impacting its second-quarter revenue outlook.
Full articleSummary: NextEra Energy announced the appointment of a new Chief Risk Officer and CFO as part of an expansion of its senior leadership team in response to the growing energy demand and the belief that demand for renewable energy could triple in the next seven years.
Full articleSummary: Cisco Systems (CSCO) is expected to report a year-over-year decline in earnings and lower revenues for the quarter ended April 2024. The Zacks Consensus Estimate anticipates quarterly earnings of $0.83 per share, representing a -17% change, with revenues expected to be $12.47 billion, down 14.4% from the year-ago quarter. The Earnings ESP for Cisco is -2.58% and it currently carries a Zacks Rank of #4.
Full articleSummary: The US government has revoked special licences that allowed chip suppliers like Qualcomm and Intel to sell older-generation semiconductors to Huawei for its laptops and handsets. Further restrictions could pose challenges to Huawei's PC business. Huawei's PC shipments grew 11% last year, ranking third in the market share.
Full articleSummary: Boeing's Starliner spacecraft launch attempt targeted for no earlier than May 17 at 6:16 p.m. after scrubbed crewed launch on Monday.
Full articleSummary: Philip Morris International Inc. announced a press release regarding its 2024 Annual Meeting of Shareholders on May 8, 2024.
Full articleSummary: Chevron Nigeria Limited expresses excitement over improved regulations for the oil and gas industry in Nigeria and pledges to continue partnering with NNPC in developing gas resources. The company believes in the future of hydrocarbons but emphasizes the need for cleaner production methods.
Full articleSummary: Nike releases the Zoom Vomero 5 'University Gold' sneaker with vibrant colorway and durable construction including TPU, leather, and mesh materials. Available in men's sizes for $160 USD.
Full articleSummary: IBM and SAP SE announced an expanded collaboration to develop new generative AI capabilities and industry-specific cloud solutions.
Full articleSummary: Siemens has introduced a new on-prem software-based Industry 4.0 ‘workstation’ to replace traditional hardware in factories. Ford Motor Company will be the first customer to deploy it in its US plants.
Full articleSummary: Carlos Pagoaga, a 34-year veteran of The Coca-Cola Company, will be named President of The Coca-Cola Foundation, succeeding Saadia Madsbjerg. Pagoaga currently serves as the Foundation’s Senior Director, circular economy, and will take on an expanded role managing all Foundation operations.
Full articleSummary: Citigroup sold shares of Vodafone Idea worth over Rs 233 crore through an open market transaction, with Ghisallo Master Fund LP acquiring the shares at the same price.
Full articleSummary: Pfizer has reached a settlement in over 10,000 Zantac cases, marking the largest settlement in the legal battle so far. The financial specifics of the agreements have not been disclosed.
Full articleSummary: IBM expands its software portfolio availability to 92 countries in the Amazon Web Services Marketplace, aiming to simplify procurement processes and offer greater flexibility to clients worldwide.
Full articleSummary: MetLife Inc (NYSE: MET) shares performance over a decade (2014-2024) was analyzed, showing a total return of 117.16% and an average annual return of 8.06%. Dividends of $17.04/share were paid out during this period, with a current dividend rate of $2.18/share and a yield on cost of 6.65%.
Full article