Summary: Costco is implementing stricter policies by requiring shoppers to scan their membership cards to enter stores, along with guests needing to be accompanied by a valid cardholder. The new rule is an extension of the system tested earlier this year and includes self-checkout machines.
Full articleSummary: Intel Corp. has experienced a significant drop in stock value due to a poor earnings report, negative growth forecast, job cuts, and suspension of long-standing dividend.
Full articleSummary: Global CrowdStrike outage impacts airlines, particularly US airline Delta, which faced major disruptions and rejection of assistance offers from Microsoft, resulting in demands for compensation.
Full articleSummary: Plans for a Costco Wholesale store in eastern Penfield are causing a divide among residents, with some welcoming the store for its convenience and others concerned about traffic and green space loss. Town officials are awaiting a planning board meeting for further review, while developers aim to provide more information and listen to community input.
Full articleSummary: Kevin Durant breaks Lisa Leslie's all-time scoring record in United States Olympic basketball history during quarterfinals matchup against Brazil.
Full articleSummary: Costco is implementing a new scan-to-enter policy at their stores nationwide in the coming months, requiring members to scan their physical or digital membership card for entry. Guests will also need to be accompanied by a valid member for entry.
Full articleSummary: Microsoft offered help to Delta but it was likely refused as Delta's worst hit IT systems are serviced by other providers.
Full articleSummary: The Mayflower Group, a Victorian Not For Profit aged care provider, has appointed Catherine Nance and Adjunct Professor Alan Lilly as new board members effective 1 July 2024. They bring extensive experience in finance, healthcare, and aged care services, which will be essential for guiding Mayflower through the changing aged care landscape.
Full articleSummary: Microsoft's legal team responds to Delta Air Lines' threat of litigation over the global IT outage caused by a faulty CrowdStrike update. Delta claims Microsoft's offers of help were ignored due to using IBM systems. CrowdStrike and Microsoft confirmed only Windows machines with CrowdStrike's products experienced the crash.
Full articleSummary: Nike is set to release the Air Max 90 'Olive/Black' featuring a two-tone color scheme of green and black with unique textured leather details and wider mesh panels.
Full articleSummary: Tesla's energy business has experienced significant growth, contributing significantly to the company's overall profitability and becoming a key focus for future expansions globally. Analysts are optimistic about the potential of this segment, with some comparing it to Amazon Web Services for its earnings potential. Despite challenges faced by the EV sector, Tesla's energy business is seen as a strong growth driver in the long term.
Full articleSummary: Salesforce will release its second quarter fiscal year 2025 results on Aug. 28, 2024, after market close.
Full articleSummary: CVS Health reduces its 2024 forecast for the third time due to health insurance challenges.
Full articleSummary: Tesla is testing Supercharger V4 to charge at over 300 kW at some stations, potentially focusing on peak charging capacity.
Full articleSummary: Amdocs announced the extension and expansion of its hosting and managed services agreement with Charter Communications, Inc. in support of Spectrum Mobile.
Full articleSummary: BlackRock TCP Capital Corp reported their Q2 2024 earnings results, with adjusted net investment income per share at $0.38. The non-accrual rate increased due to restructuring in companies like SellerX, Pluralsight, and McAfee. Despite challenges, the overall credit quality of the portfolio remains strong. Leverage is temporarily high at 1.3x but expected to decrease post-cash repayment of debt. The investment manager supports the dividend at $0.34 per share, with coverage well above the threshold necessitating support.
Full articleSummary: A Tesla connected to an illegal electricity hookup in Tijuana burst into flames, setting a neighboring house on fire. Electric car fires are a problem for the city's firefighters due to lithium batteries fueling the flames.
Full articleSummary: Amdocs extends and expands hosting and managed services agreement with Charter Communications, Inc. for Spectrum Mobile, supporting its growth and enabling innovative offerings.
Full articleSummary: Lockheed is prioritizing the schedule of its Next Generation Interceptor (NGI) following concerns raised by a watchdog in the aerospace and defense sector.
Full articleSummary: Settlement reached in anti-privacy lawsuit against Meta in Texas for collecting biometric data without user consent, while U.S. states are working on privacy legislation. Texas Attorney General hails the settlement as a significant milestone.
Full articleSummary: Disney's streaming services turned a profit for the first time ever last quarter, driven by positive results from Disney+ and Hulu.
Full articleSummary: Harris Parker, Co-Founder and CTO of Slack and Director at Salesforce, sold 2,800 shares of Salesforce Common Stock for $675,420.
Full articleSummary: President of Merrill Wealth Management at Bank of America Corp, Hans Lindsay D., sold 10,901 shares of common stock totaling $402,410.
Full articleSummary: Dow Jones and Nasdaq are up; S&P 500 is higher. Tech stocks are rebounding as the 10-year Treasury yield climbs. VIX is pulling back sharply from highest level since March 2020. Options bulls target Wynn Resorts, Limited (WYNN) stock. Upstart Holdings Inc (UPST) reports strong performance, while Super Micro Computer Inc (SMCI) is down after missing earnings estimates.
Full articleSummary: Walt Disney Co may face an additional $5 billion payout to Comcast for its stake in Hulu based on an impending independent appraisal conducted by RBC Capital.
Full articleSummary: NASA astronauts stuck at International Space Station due to issues with Starliner spacecraft, NASA considering SpaceX Crew-9 Dragon for their retrieval and return home, Boeing expresses confidence in safety of Starliner spacecraft for return mission.
Full articleSummary: Tesla is set to release a software update in China for an issue that could cause the hood to be unlocked while driving, posing a safety hazard.
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