Summary: Apple held an event unveiling new iPad Air and iPad Pro models along with accessories. The products are now available for order with deliveries starting on May 15. iPad Air starts at $599 and iPad Pro starts at $999.
Full articleSummary: A FedEx Airlines cargo plane made an emergency landing in Turkey without the use of its front landing gear, no injuries were reported. Authorities are investigating the incident.
Full articleSummary: Tesla will shut its factory near Berlin to all employees on Friday due to anticipated protests against the planned expansion, which has led to concerns about environmental impact, causing disruptions in production.
Full articleSummary: PayPal ha presentato in Italia una nuova soluzione di pagamento, PayPal Complete Payments, per le piccole e medie imprese, offrendo un sistema completo che permette di accettare pagamenti tramite diverse piattaforme e canali, facilitando la conversione e gli acquisti ripetuti.
Full articleSummary: Nvidia is planning to release the RTX 5080 before the RTX 5090, marking a change from the last generation where the 80-class part was launched first. The RTX 50-series GPUs are expected to be released in the fall of this year, with the rest of the range following in 2025. Speculations suggest that Nvidia is returning to its traditional release cadence.
Full articleSummary: Pfizer Inc. has agreed to settle over 10,000 cases regarding the cancer risks of its Zantac heartburn drug. The settlement is expected to reassure investors as other Zantac makers have also signed settlements. Pfizer shares were up 0.3% in New York.
Full articleSummary: ConocoPhillips (COP) will trade ex-dividend for its quarterly dividend of $0.58 on 5/10/24, with a yield of 0.47%. The stock's 52-week range is $97.42 to $135.18, currently trading at $122.88.
Full articleSummary: Bank of America's technical research strategist suggests investors should ignore the traditional advice of selling off equities in May, as historical data shows strong potential for significant gains in the S&P 500 during the summer months, especially in a presidential election year.
Full articleSummary: Intel is facing export license revocation by the U.S. Department of Commerce for consumer-related items to a customer in China, impacting second-quarter revenue, including shipments related to sanctioned Chinese telecoms company Huawei Technologies.
Full articleSummary: Emerson Electric Co reported strong second-quarter FY24 results with net sales beating estimates, improved EBITA and adjusted EPS. The company also provided positive guidance for the third quarter and FY24.
Full articleSummary: Mastercard Inc. collaborates with major US banks to test shared-ledger technology for common settlement of tokenized assets, aiming to enhance cross-border transaction speed and efficiency while reducing risks of error and fraud. Noteworthy participants include Citigroup Inc., JPMorgan Chase & Co., Visa Inc., and Swift.
Full articleSummary: Intel has issued a statement advising consumers not to use 'Intel Baseline' BIOS profiles offered by motherboard vendors and instead opt for 'Intel Default Settings' to address instability issues with 13th and 14th Gen Core series processors.
Full articleSummary: Analysts are forecasting strong revenue growth for several S&P 500 companies including Super Micro Computer, Micron Technology, and Nvidia. Super Micro Computer is projected to lead with a growth of 122% in 2024. Despite solid growth estimates for Nvidia, Super Micro Computer has outperformed it this year in terms of stock price appreciation.
Full articleSummary: Tesla stock fell after reports of U.S. prosecutors investigating the company for potentially misleading investors about Full Self-Driving capabilities, leading to concerns of securities and wire fraud. Following the news, TSLA shares dropped 1.5% to 175.14 on Wednesday, dipping below key technical support levels.
Full articleSummary: The U.S. government has revoked select export licenses from Intel and Qualcomm, preventing them from supplying processors to Huawei, impacting their businesses and leaving Huawei without essential components. This move is part of the U.S. government's efforts to limit China's access to advanced processors.
Full articleSummary: Apple announced the new M4-powered iPad Pros with significant improvements in performance, especially in machine learning benchmarks. The M4 focuses heavily on AI processing, boasting a 16-core neural engine supporting up to 38 trillion operations per second.
Full articleSummary: The North Carolina Joint Underwriting Association (NCJUA) has raised the target for its catastrophe bond issuance to $140 million with pricing at the top-end of guidance, reflecting a trend of higher pricing and investor demand for higher rates in the catastrophe bond market. Market conditions have adjusted with investors holding the line, indicating a reduced appetite for pricing softening.
Full articleSummary: CVS Health Corp (CVS) is rated highest by Validea's Multi-Factor Investor model based on the strategy of Pim van Vliet, seeking low volatility stocks with strong momentum and high net payout yields. The stock's overall rating based on this strategy is 81%, indicating some interest.
Full articleSummary: FC Barcelona and Nike were close to terminating their partnership due to disagreement over terms, but have now come to a new, more lucrative agreement with financial benefits, including a reported increase in the annual fixed amount to €120 million per season and a signing bonus of €100 million.
Full articleSummary: Simon Property Group has welcomed five new food-and-beverage concepts to King of Prussia mall in metro Philadelphia.
Full articleSummary: Pfizer Inc. settles over 10,000 Zantac cases, largest settlement in litigation. Investors likely to be reassured as other Zantac makers have also signed settlements. Pfizer shares up 0.3% to $27.85 in New York.
Full articleSummary: Emerson Electric raised its full-year profit forecast on Wednesday on steady demand in its unit that makes valves, regulators and actuators, leading to a 2% increase in premarket trade shares.
Full articleSummary: Wells Fargo has launched the Autograph Journey card with a $95 annual fee, offering more perks and earning rates compared to the no-annual-fee Autograph card. The Autograph Journey provides a higher sign-up bonus, more points per dollar spent on specific categories, and additional benefits such as a $50 annual statement credit for airline purchases.
Full articleSummary: Simon Property Group sells its remaining stake in Authentic Brands Group to various companies for $1.2 billion, after already reducing its stake earlier in the year.
Full articleSummary: IBM has open sourced a set of generative AI models for coding which are optimized for enterprise software development workflows, with models ranging from three to 34 billion parameters, and providing capabilities like code generation, fixing, and explanation. These models consistently match state-of-the-art performance among open source LLMs available.
Full articleSummary: The US has approved a $US80 million FMS to Malaysia for Sniper Advanced Targeting Pods and related equipment to modernize its F/A-18D platform. The sale includes technical data, personnel training, and support services from contractors Lockheed Martin and Boeing.
Full articleSummary: Google has officially announced the Pixel 8a, a budget-friendly phone priced at $499 for the 128GB model, with a new 256GB option available for $559. The phone offers significant value with hardware upgrades like a 120Hz refresh rate display and a Tensor G3 chip, as well as AI features that streamline tasks. Preorders are open now with various deals at different retailers until May 19.
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