Summary: Elon Musk criticizes Boeing for having too many non-technical managers, SpaceX finished crew capsule development faster despite receiving less funding, Tesla continued layoffs citing duplication of roles
Full articleSummary: Boeing's Starliner project, aimed at space tourism, faces another delay with the Crew Flight Test. Scheduled launch with NASA astronauts is set for Monday. The project has experienced multiple delays and financial losses.
Full articleSummary: Philip Morris International is facing criticism for sponsoring doctors' education programs on quitting smoking and harm reduction. Critics argue that the tobacco company, responsible for killing millions each year, should not have any role in medical education. PMI defends its involvement, stating that science-based education on tobacco harm reduction is essential for public health improvement.
Full articleSummary: JPMorgan Chase & Co.'s Nelson Jantzen believes US corporate default rate may not be as alarming due to nuances in assessments.
Full articleSummary: MetLife (MET) has increased its annualized dividend to $1.76 with a dividend yield of 3.61%, outperforming the Insurance - Multi line industry and the S&P 500. The company's payout ratio is currently 30% with solid earnings growth expectations for 2019.
Full articleSummary: Chevron faced challenges in developing the Anchor Deepwater Project due to the complexity of operating in a 20,000-psi environment and the impact of COVID-19. However, the project is now near completion with first oil expected in mid-2024.
Full articleSummary: Disney and Comcast are in dispute over the valuation of a 33% stake in Hulu that Disney is acquiring from Comcast, looking for a financial adviser to resolve the issue.
Full articleSummary: Chevron Corporation (CVX) is selling properties in New Mexico and Texas to continue divesting Permian oil and gas holdings after recent acquisitions and increase in shale assets. The company listed over 2000 net acres for sale with bidding due on Jul 27, worth approximately $100 million.
Full articleSummary: Philip Morris International Inc. reported strong second-quarter earnings, with a 35.4% increase in diluted earnings per share and a 15.1% rise in revenue, driven by higher prices and favorable currency exchange rates.
Full articleSummary: AMD and Intel CPU shipments were up significantly by as much as 33% in the first quarter of 2024 compared to the previous year. Although AMD & Intel Client / Server CPU Shipments Are Down This Quarter, They Saw A Significant Gain Versus the Previous Year Marking Stabilization In The Industry.
Full articleSummary: Broadcom Inc. (AVGO) is being closely watched by Zacks.com visitors. The chipmaker's shares have returned -1.9% over the past month. There have been positive changes in earnings estimates for the current and next fiscal year, with revenue growth forecasts also showing potential growth. However, the stock is rated Zacks Rank #4 (Sell) due to recent consensus estimate changes.
Full articleSummary: PayPal posted its first-quarter earnings report, showing revenue growth but facing competitive pressure and declining transaction take rates. The company aims to expand its ecosystem with new features and carefully control its spending to drive growth.
Full articleSummary: Microsoft is closing three Bethesda studios: Redfall developer Arkane Austin, Mighty Doom developer Alpha Dog Studios, and Hi-Fi Rush developer Tango Gameworks. A fourth developer, support studio Roundhouse Games, will have all staff reassigned to a new team. The closures are part of a reprioritization of 'high-impact titles' within Xbox Game Studios.
Full articleSummary: Dow Jones Industrial Average and S&P 500 inched higher as traders sought clues on Federal Reserve rate cuts. Disney shares fell 9.5% despite exceeding earnings, while Palantir plunged 15% on weaker guidance. Peloton's stock surged 15.5% on news of potential buyout by private equity firms.
Full articleSummary: Oracle (ORCL) stock jumped to new highs two months ago, experienced a pullback, and may have found support. The stock retraced a gap higher after earnings and is rebounding after holding previous levels.
Full articleSummary: Oracle is building an AI companion, Oracle Code Assist, to enhance developer velocity and code consistency. It is optimized for Java, SQL, and OCI, providing suggestions, generating unit tests, and aiding in code readability, performance, and quality.
Full articleSummary: Comparison between Capital One Venture Rewards Credit Card and Wells Fargo Autograph Journey Card in the mid-tier travel rewards card space. Venture Rewards offer more valuable welcome bonus, established benefits, broader earning categories, and better redemption options compared to Autograph Journey.
Full articleSummary: Developers are spending majority of their time in war rooms solving application performance issues due to lack of right tools, leading to frustration and demotivation amongst developers. Full-stack observability is seen as a potential solution to free up developers for accelerated innovation. Cisco unveils findings from a survey detailing the challenges faced by software developers in spending time on firefighting rather than developing cutting-edge software applications.
Full articleSummary: PayPal posted its first-quarter earnings report, exceeding revenue and EPS estimates. The company's active accounts rose sequentially in Q1 2024, but its user growth has stalled, causing a decline in transaction take rates. PayPal plans to expand its ecosystem and control spending to drive growth.
Full articleSummary: Red Hat collaborates with Intel to power enterprise AI usages on Red Hat OpenShift AI, enabling organizations to accelerate generative AI and machine learning innovation across hybrid cloud infrastructure.
Full articleSummary: The FDA is making efforts to ensure cancer drugs are less toxic and more effective by requiring companies to pinpoint the right dosage before reaching patients, amidst concerns of patients facing severe side effects from excessive doses of drugs like sotorasib. Project Optimus, initiated in 2021, focuses on dose optimization in meetings with drug companies for future drugs. A study comparing sotorasib's doses revealed that while the higher dose marginally increased patients' life expectancy, it also led to more severe side effects than the lower dose.
Full articleSummary: Nvidia may launch the RTX5080 before the flagship RTX 5090, creating uncertainties in the market. The company might be holding back on revealing the flagship GPU specs to keep it a secret from competitors like AMD.
Full articleSummary: TransDigm Group (TDG) reported strong fiscal Q2 earnings that surpassed estimates and raised its full-year outlook. The aerospace contractor is expected to benefit from increased aftermarket sales and Boeing-related opportunities.
Full articleSummary: SHELT System Integration (SHELT SI) in Nigeria achieved Cisco Select Partner certification, showcasing commitment to top-tier networking and security solutions for businesses in the region.
Full articleSummary: Boeing's first manned spaceflight of Starliner delayed due to malfunctioning valve on rocket, new launch date set for May 17.
Full articleSummary: Thiess, Caterpillar, and WesTrac celebrated reaching a milestone of one million metres drilled autonomously at Thiess' Mt Arthur South coal operation in New South Wales through a technology-driven partnership. The program began in 2019, and after a three-year journey, three Cat MD-series drills were controlled remotely by a single operator.
Full articleSummary: Caterpillar Inc. released reports highlighting its environmental, social, and governance commitment, financial accomplishments, and contributions to sustainability.
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