Summary: NASA is close to deciding whether to return astronauts on Boeing's Starliner or use SpaceX as a rescue option due to ongoing issues with Starliner's thrusters. The decision is expected by mid-August, driven by the timing of the next crew launch.
Full articleSummary: Dow Chemical donates 30 ballistic shields valued at $18,000 to Assumption Parish Sheriff's Office.
Full articleSummary: Amazon Music introduced Topics, an AI-powered feature to help discover related podcasts based on episode topics. The feature uses podcast transcriptions and descriptions to generate Topics tags for easy exploration.
Full articleSummary: Shares of Salesforce, Inc. (NYSE:CRM) traded up 3.2% as analysts have varying price targets and ratings for the company. Salesforce also reported better-than-expected quarterly earnings and a dividend announcement. Insider and hedge fund activities have been notable.
Full articleSummary: Intel (INTC) is facing multiple challenges impacting its stock price.
Full articleSummary: BlackRock TCP Capital Corp. reported financial results for the second quarter with net investment income exceeding regular dividend, net asset value decline, and significant investments and dispositions made. The company's Board of Directors declared a third quarter dividend. The company amended its Operating Facility and extended the maturity date. The consolidated investment portfolio, debt investments on non-accrual status, and liquidity and capital resources were highlighted in the report.
Full articleSummary: The U.S. Department of Energy has awarded a $57 million grant to support the North Carolina Innovative Transmission Rebuild project, a partnership between Duke Energy and state organizations, aiming to reconstruct the 230-kV Lee-Milburnie transmission line to enhance reliability for customers and meet growing electricity demand in eastern North Carolina.
Full articleSummary: California officials announced quarterly EV numbers and Governor Newsom emphasized that the mandate is for clean vehicles, not just electric vehicles, causing potential implications for Tesla Inc.
Full articleSummary: Intel is offering a two-year extended warranty for affected Desktop CPU, with a maximum warranty period of up to five years. ASUS emphasizes on customer satisfaction and quality of service, encouraging customers to contact local customer service center for questions and updates.
Full articleSummary: Google is replacing Chromecast dongles with a $99.99 set-top box called Google TV Streamer, launching on September 24th, aiming to better compete with rivals like Apple TV and Roku. The box is bigger, comes in white and grey colors, integrates Gemini multimodal AI, functions as a smart home hub, has faster processor, more ram and storage, supports Dolby Vision, Dolby Atmos, HDMI 2.1a, Wi-Fi 5, gigabit ethernet, and Bluetooth 5.1.
Full articleSummary: 1. CrowdStrike's global IT outage caused financial impact on companies, sparked complaints, and impacted CrowdStrike's stock negatively. 2. Tesla reported a decrease in net income due to waning demand in the EV space, causing its stock to drop 10%. 3. Spotify continued its impressive run with growing revenue and margins, potentially shifting focus away from monthly active user numbers, impacting its stock positively. Dividend investors might keep an eye on UPS amidst financial challenges.
Full articleSummary: Microsoft's security tools can be manipulated to facilitate attacks on Windows systems, allowing hackers to downgrade machines and exploit hundreds of vulnerabilities. The company is working on mitigations for the attack technique, which involves altering the internal registry and tricking virtualization-based security.
Full articleSummary: Starbucks is fighting against a "speech-censoring standard" used by the National Labor Relations Board regarding comments made by a Los Angeles store manager about unionization.
Full articleSummary: Boeing's Starliner spacecraft encountered more serious problems than initially thought, NASA may not use it to bring astronauts back from the International Space Station.
Full articleSummary: Deep-pocketed investors are displaying a bearish sentiment towards Exxon Mobil (XOM), with a notable rise in put options activities and a significant move in XOM suggesting a major event is expected. The mood among investors is divided with 35% leaning bullish and 52% bearish, focusing on a price band between $100.0 and $120.0. Notable options trades include both bullish and bearish sweeps and trades.
Full articleSummary: Big Tech companies like Alphabet, Microsoft, and Amazon are facing investor discontent due to lack of clarity on AI revenue despite massive spending levels. Generative AI technologies are not meeting market expectations, with challenges around quick innovation pace and new technology. Nvidia ($NVDA) stands out with significant revenue growth from AI chip sales, while major cloud providers are expected to take years to see substantial ROI from their AI efforts.
Full articleSummary: Disney exceeded its own streaming profitability timeline by reporting $47 million in DTC operating income in Q3, turning profitable earlier than anticipated. The company also announced price hikes across most streaming plans starting in October, indicating a shift to emphasize profits over subscriber growth. Additionally, the success of Inside Out 2 contributed to a significant increase in Disney's entertainment segment earnings.
Full articleSummary: FDA released guidance on Medtronic NIM Vital Nerve Monitoring System recall due to reported injuries from false negative responses. Affected users need to contact Medtronic for software upgrade.
Full articleSummary: Costco is implementing mandatory membership scanning at the entrance of all its stores over the next few months.
Full articleSummary: Costco is introducing stricter entry measures at its warehouses to prevent non members from accessing the stores. Members will need to scan their physical or digital cards and provide photo ID if the card does not have a photo. Expired or inactive memberships will require assistance from membership services before entry.
Full articleSummary: Coursera, in partnership with NASSCOM, aligns 10 professional certificates from Google and IBM with the National Skills Qualification Framework (NSQF), allowing companies and colleges to provide credit to industry content under the National Credit Framework (NCrF) of NEP 2020.
Full articleSummary: Boeing Co.'s quality management system is criticized as overly complex and difficult to follow, with complaints raised during a hearing investigating an accident on a Boeing 737 Max 9 aircraft.
Full articleSummary: CVS Health Corp. reduces its 2024 earnings forecast for the third time due to struggles in its health insurance business, including rising Medicare Advantage claims and declining quality ratings. Executive Vice President Brian Kane has departed, CEO Karen Lynch takes over the segment, and the company's adjusted operating income from health insurance fell by 39% in the quarter, leading to a 7% overall profit decline.
Full articleSummary: Medtronic plc received FDA approval for Simplera™ continuous glucose monitor, their first disposable, all-in-one CGM.
Full articleSummary: Ready at Dawn Studios, known for producing highly acclaimed VR games like Lone Echo and Echo VR, is closing permanently as a part of Oculus Studios. This decision is in line with Meta's efforts to meet new Reality Labs budgetary constraints.
Full articleSummary: Caterpillar Inc. beats earnings expectations in Q2 2024 with record profits and strong cash flow. Sales and revenues slightly down, adjusted operating profit margin improves. Jim Umpleby, CEO, praises team's execution and provides positive outlook for remaining year. Backlog increases, especially in Energy & Transportation segment. Strong focus on rental fleet business. Expectations for margin, profit, adjusted profit per share and ME&T free cash flow raised above previous estimates.
Full articleSummary: Elon Musk tops Forbes' Real-Time Billionaires List with a net worth of $223 billion. Mark Zuckerberg briefly surpassed Bernard Arnault as the world's third-richest person, with an estimated net worth of $175.5 billion due to an increase in Meta shares.
Full article