Summary: Coca-Cola has committed $1.1 billion to a five-year partnership with Microsoft to leverage cloud computing and AI services. The company has successfully integrated AI into marketing campaigns and introduced 'Coke SoundZ,' a musical instrumental app that delivers uplifting sounds of its Zero Sugar soda through AI.
Full articleSummary: Accenture has partnered with Oracle to harness generative AI for financial planning and analysis, aiming to optimize operations and foster growth for clients.
Full articleSummary: NVIDIA Reflex technology aims to reduce latency in gaming experiences by optimizing system latency, resulting in faster target acquisition and improved responsiveness in gameplay. NVIDIA Reflex is compatible with over 100 games, with significant latency reductions observed in competitive multiplayer games like Rainbow Six Siege, Counter-Strike 2, Valorant, Fortnite, and Overwatch 2.
Full articleSummary: Oculis Holding AG announced that their management will be attending and presenting at the Bank of America Healthcare Conference on May 14-16, 2024 in Las Vegas, NV.
Full articleSummary: Nike is offering up to 50% off on a range of footwear, including running shoes, trainers, and streetwear styles in its clearance section. Some highlighted deals include the Women's Air Max SC SE, Men's Interact Run Road Running Shoes, Men's Pegasus 40 Road Running Shoes, Men's Wildhorse 8 Trail Shoes, Men's Pegasus Trail 4, and Women's Metcon 9 Workout Shoes.
Full articleSummary: Dow Jones gains slightly on renewed hopes of Fed rate cuts but remains limited, with some stocks weighing down the averages. Fedspeak expected to drive market sentiment this week amid a quiet economic calendar.
Full articleSummary: Richmond Fed President Tom Barkin emphasized the importance of a go-slow approach on interest rates to cool inflation and expects the U.S. economy to slow down in the coming months. He believes the Fed has enough firepower to support the economy if needed.
Full articleSummary: Andrew Baum, a former executive at Citi, has been hired by Pfizer as chief strategy and innovation officer. He will oversee the drugmaker's corporate strategy and portfolio development, succeeding Aamir Malik, who moved into the role of chief commercial officer.
Full articleSummary: Salesforce introduced Unified Knowledge, a new source of intelligence for service agents that aggregates information from third-party sources and complements customer data in Data Cloud. It can integrate with multiple Salesforce products, and its long-term vision is to move to Data Cloud.
Full articleSummary: The Motley Fool's video covers the inclusion of Tesla in the list of 10 best stocks for investors to buy, with Neil Rozenbaum having positions in Tesla.
Full articleSummary: Tesla has entered its fourth week of layoffs affecting various segments including software, services, and engineering, with at least seven employees reported to have been laid off recently.
Full articleSummary: Gunjan Kedia has been promoted to president of U.S. Bank and is viewed as a potential successor to CEO Andy Cecere. Her new role will involve overseeing the bank's three lines of business and she will receive a significant increase in compensation with the promotion.
Full articleSummary: Target has started selling its Cat & Jack kids' clothing brand in Hudson's Bay department stores in Canada, with plans to expand the selection and potentially enter international markets. The move comes nearly a decade after Target's failed expansion into Canada led to massive losses and store closures.
Full articleSummary: Big-money traders have taken a bullish stance on Oracle (ORCL) with 77% bullish sentiment observed through options trading activity and a focus on a price band between $100.0 and $130.0. Retail traders are advised to keep an eye on these developments.
Full articleSummary: Crystal Zhu has joined Morgan Stanley as co-head of their Asia Pacific technology team, focusing on mergers and acquisitions and initial public offerings in the tech sector, after leaving JPMorgan. Morgan Stanley faces declining revenues in the Asia-Pacific region and plans to cut 50 investment-banking jobs. The bank is also looking into expanding its offerings in Bitcoin ETFs.
Full articleSummary: Microsoft is enhancing its XDR offering to automatically deactivate malicious OAuth apps used by threat actors in cloud-based attacks. This feature, being showcased at RSA Conference, focuses on disrupting attacks against SaaS-based applications. Additionally, Microsoft has added native protection for OT and ICS in Defender XDR.
Full articleSummary: Oculus drops support for original Meta Quest for Beat Saber, focusing efforts on other platforms. Players can still play on device but multiplayer will stop, leaderboards may follow. Ownership can be transferred to Meta Quest 2, 3, or Pro automatically.
Full articleSummary: Iceland-based cargo airline Bluebird Nordic ceased operations due to low demand for airfreight amidst a global freight market cooldown. The airline's rapid expansion in response to high demand during the pandemic backfired, leading to their closure.
Full articleSummary: BlackRock (BLK) has outperformed the market by 5.7% annually over the past 20 years, with an average annual return of 13.72%. Buying $100 of BLK stock 20 years ago would now be worth $1,307.68. The key insight is the impact of compounded returns on cash growth over time.
Full articleSummary: Fool.com compares AMD's recent artificial intelligence marketplace successes to Nvidia and discusses investment choices with advice from Motley Fool's Stock Advisor team.
Full articleSummary: Microsoft has made significant advances in generative AI technologies and recently released its first annual Responsible AI Transparency Report. The company has rolled out new tools in Azure AI to safeguard AI outputs and protect against misuse.
Full articleSummary: Disney and Comcast are in talks to hire a third financial adviser to evaluate the worth of Hulu, as their own valuation estimates were too far apart.
Full articleSummary: Boeing's CST-100 Starliner capsule is set to launch two astronauts from Cape Canaveral Space Force Station on an Atlas V rocket, marking the return of U.S. human spaceflight to this rocket and launch site after more than 50 years. The Starliner will conduct regular crew rotation missions to the International Space Station starting next year.
Full articleSummary: Pfizer (NYSE: PFE) beat Q1 revenue and earnings estimates. Despite a decline in sales due to lower demand for Covid-19 products, PFE stock is considered appropriately priced around $28. Pfizer expects 2024 sales in the range of $58.5-61.5 billion and adjusted earnings between $2.15 and $2.35 per share.
Full articleSummary: Intel partners with 14 Japanese companies to develop technology for chipmaking processes, led by Kunimasa Suzuki.
Full articleSummary: Exxon Mobil CEO foresees arbitration with Chevron over Guyanese asset to stretch into 2025 due to its importance to both companies.
Full articleSummary: Medtronic's Symplicity Spyral renal denervation system received NMPA approval in China, making it the first high-blood-pressure-treating RDN system to be approved in the country.
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