Summary: A lawsuit has been filed against J.P. Morgan Chase & Co. by a retirement plan participant following a data breach that exposed personal information of more than 451,000 plan participants. The lawsuit accuses J.P. Morgan of failing to protect clients' employees' PII and not providing prompt and accurate notice of the breach.
Full articleSummary: Tesla announced shutdown of Gigafactory Berlin for four days due to planned protests, unclear if it was due to authorities' concerns or a decision by Tesla. Some analysts suggest it could be a way for Tesla to reduce production capacity due to lower sales.
Full articleSummary: Nasdaq Composite ends its early May win streak by closing lower, while Dow Jones Industrial Average and S&P 500 edge higher. Market Domination Overtime discusses sector losers and meme stock winners.
Full articleSummary: Emerson Electric is set to release its Q2 earnings on May 8th, with analysts forecasting an EPS of $1.25, a decrease from the previous year's $1.38. Analysts also predict a 14.24% increase in revenue to $4.29 billion compared to the prior year quarter. For the fiscal year, a profit per share of $5.39 is expected, along with sales estimates averaging $17.60 billion.
Full articleSummary: Major U.S. stock indexes ended mixed on Tuesday as investors awaited clues on when the Federal Reserve might cut interest rates, supported by optimism around Fed's potential rate cuts. Disney (DIS) was the biggest Dow decliner, while GlobalFoundries (GFS) surged and Datadog (DDOG) plunged on earnings news. Palantir (PLTR) also plunged after a disappointing outlook.
Full articleSummary: Danaher Corporation announced a regular quarterly cash dividend of $0.27 per share of its common stock.
Full articleSummary: Danaher Corporation (NYSE: DHR) announced a regular quarterly cash dividend of $0.27 per share of its common stock.
Full articleSummary: PayPal has introduced a new business credit card, the PayPal Business Cashback Mastercard, offering rewards on PayPal and other purchases along with benefits like extended warranty coverage and cellphone protection.
Full articleSummary: Wayve, a British company focused on Embodied AI for autonomous driving, secured a $1.05 billion Series C investment round led by SoftBank Group, with contributions from NVIDIA and Microsoft. The company is working on developing foundation models for autonomy, enabling any vehicle to see, think, and drive through any environment.
Full articleSummary: Charter Communications announced that Jessica Fischer, Chief Financial Officer, will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024.
Full articleSummary: CVS Health's CFO to participate in a fireside chat with investors at the Bank of America 2024 Healthcare Conference on May 14, 2024.
Full articleSummary: Danaher Corporation approved a regular quarterly cash dividend of $0.27 per share of its common stock.
Full articleSummary: McAfee collaborates with Intel to enhance AI-powered deepfake detection technology, using Intel Core Ultra processors to run AI algorithms for detecting synthetic content locally on devices without compromising privacy. The McAfee Deepfake Detector leverages transformer-based Deep Neural Network models trained to detect manipulated AI-generated audio in videos.
Full articleSummary: Meta is expanding its paid verification service for businesses by adding three new tiers to the program, offering extra perks to companies who pay a monthly subscription.
Full articleSummary: Spotify Technology had its price target increased by Citigroup from $255.00 to $310.00 with a neutral rating. Several analysts raised their price targets and gave buy ratings on the stock. The company reported strong quarterly earnings, beating analysts' estimates.
Full articleSummary: Former executive chairman and CEO of Google, Eric Schmidt, discusses the shift towards AI in providing answers instead of blue links in Google Search. He believes AI will revolutionize advertising and is underhyped, predicting significant changes within the next five years.
Full articleSummary: David Simon exited Authentic Brands Group, selling off Simon Property Group’s nearly 10 percent stake in the brand management giant for gross proceeds of nearly $1.2 billion in the first quarter.
Full articleSummary: Financial analyst Meredith Whitney suggests that making home equity loans more accessible could inject up to $3 trillion into the economy, potentially benefiting overstretched American households. This proposal could provide a lifeline to seniors and help stimulate the economy and average household finances.
Full articleSummary: Medtronic released positive clinical outcomes from studies presented at SCAI 2024 Scientific Sessions, showing excellent results in congenital heart disease and severe aortic stenosis treatments. Data supports the performance of the Evolut TAVR system in patients with severe aortic stenosis.
Full articleSummary: LeBron James announces an exclusive collaboration between his foundation, House Three Thirty, and Nike to create a community center and retail location in Akron, Ohio, which will offer future Nike and LeBron exclusives, including the 'Eggplant' design. The partnership aims to boost Nike's public image following recent controversies.
Full articleSummary: Meta is enhancing its AI ad product, Advantage+, to provide advertisers with generative AI tools for creating ad visuals and text, which has shown to decrease the cost per click of ads by 28% in tests.
Full articleSummary: CVS Health announced that CFO Tom Cowhey will participate in a fireside chat at the Bank of America Healthcare Conference on May 14, 2024.
Full articleSummary: CVS Health announced that CFO will participate in a fireside chat at the Bank of America 2024 Healthcare Conference on May 14, 2024.
Full articleSummary: CVS Health announced that Chief Financial Officer will participate in a fireside chat with investors at the Bank of America 2024 Healthcare Conference. An audio webcast will be available on the Investor Relations portion of their website.
Full articleSummary: Meta introduced new genAI-powered features for advertisers to automate creation of text and images in ads on its social platforms. The company also announced Meta Verified for Businesses, a multi-tiered subscription service to build credibility with customers.
Full articleSummary: Pfizer is shutting down its Boulder operations, affecting around 300 workers locally. The closure has sparked mixed reactions within the pharmaceutical and biotechnology fields, with some seeing it as an opportunity for growth. However, the local industry may not be able to support all the envisioned projects right away.
Full articleSummary: Meta is enhancing its generative AI capabilities with new features for advertisers, including AI-generated imagery and text for social media marketing content. The company is also planning to invest aggressively in the coming year, as stated by CFO Susan Li.
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