Summary: Elon Musk's actions impacting Tesla sales, Mercedes leading in self-driving technology, and discussion on how extreme weather affects electric road trips.
Full articleSummary: The AI industry suffered significant stock price declines as a result of the recent market selloff, with Big Tech companies and major AI players like Microsoft, Google, Nvidia, Meta, Amazon, Apple, and Tesla collectively losing $650 billion in value. Analysts are questioning the high valuations of these companies and the sustainability of the AI industry's current trajectory.
Full articleSummary: US banks, including JPMorgan, Bank of America, and Wells Fargo, are under investigation by the CFPB for their handling of customer complaints related to Zelle payments, amidst rising complaints and scams.
Full articleSummary: Lowe's stock is down by 3.06%, showing a similar trend to the S&P-500 on a weekly basis. Medium-term implications confirm a bullish trend, but short-term scenario indicates a potential pullback from the resistance level at 240.4 USD.
Full articleSummary: There are concerns about the real-world performance of artificial intelligence tools such as Google's Performance Max, Smart Bidding, and Gemini for marketing emails, as some companies found them disruptive, ineffective, and damaging to customer relationships.
Full articleSummary: Apple is discontinuing its USB CD and DVD player accessory, the Apple USB SuperDrive, as it is 'Sold Out' and unlikely to be produced again.
Full articleSummary: John Deere has laid off over 300 salaried employees in the Quad Cities area as part of significant layoffs across its U.S. operations in 2024, primarily affecting its agricultural and construction equipment divisions.
Full articleSummary: Starbucks is offering half-off on handcrafted menu-sized beverages to Starbucks Rewards customers at select locations in Reston. Customers must join Starbucks Rewards by 3 p.m. on Thursday to be eligible for the promotion.
Full articleSummary: ConocoPhillips had a busy second quarter making progress on the Willow Project, merger with Marathon Oil, and LNG projects. The company reported record production and signed additional long-term agreements for LNG sales. Transaction and integration planning for Marathon Oil acquisition are underway.
Full articleSummary: Emerson Electric Co. raised its adjusted earnings guidance for the full-year 2024, projecting earnings in the range of $2.82 to $2.87 per share and adjusted earnings in a range of $5.45 to $5.50 per share on a net sales growth of about 15.0 percent.
Full articleSummary: Amgen, Airbnb stocks fall due to disappointing financial results, Fortinet, Dynatrace stocks rise on raised earnings forecast
Full articleSummary: Piper Sandler analyst Harsh Kumar recommends investing in Nvidia Corp. (NVDA) and Advanced Micro Devices Inc. (AMD) due to Nvidia's strength in AI accelerator space and the potential market-share gains for AMD as Intel Corp. (INTC) faces execution-related issues in servers.
Full articleSummary: Boeing has been ramping up production of PAC-3 seekers to meet the surge in demand for Patriot missile defense systems, causing a shortage that is hindering the United States' plan to boost production at Japanese factories.
Full articleSummary: Nvidia's stock has soared over 125% in 2024 due to the strong demand for its GPUs in AI applications. The company's impressive chips and data center services have led to significant margin expansion and accelerated profits. However, there are concerns about potential competition, execution risks, and the cyclical nature of the semiconductor industry.
Full articleSummary: The Investment Committee provides their top stock picks for the second half
Full articleSummary: Federal safety authorities are seeking information on a fatal crash and fire involving a Tesla Cybertruck in Texas, which killed the driver.
Full articleSummary: Apple's SuperDrive, an external DVD burner that connected via USB, has been marked as 'sold out' on Apple's online store after 16 years of availability, indicating a possible end to its production.
Full articleSummary: The Gross Law Firm announces a notice to NIKE, Inc. shareholders regarding a class action lawsuit alleging that the company's direct-to-consumer strategy was unable to sustain revenue growth and protect from competitive pressures.
Full articleSummary: Tesla is recalling over 1.8 million vehicles in the U.S. due to issues with the hood, making it their ninth recall of the year.
Full articleSummary: Finance of America, the largest reverse mortgage lender, reduced its net loss in the latest quarter and moved closer to profitability with positive outlook and plans for sustained profitability.
Full articleSummary: David Li from Bank of America Securities maintained a Buy rating on Zai Lab (ZLAB – Research Report) with a strong analyst consensus and a positive average price target. Zai Lab reported a growth in quarterly revenue and a slight increase in GAAP net loss compared to the previous year.
Full articleSummary: PepsiCo Beverages North America (PBNA) opened a new warehouse and distribution center in Smyrna, Tenn., the company's largest in the Southeast and second largest in the country, to enhance employee and customer experience, drive growth in Middle Tennessee, and meet customer demands more efficiently.
Full articleSummary: Tesla fans and supporters share official Tesla release notes despite not being affiliated with Tesla Motors.
Full articleSummary: Eli Lilly invests $10 million in a company to secure a supply of Actinium-225 for its radiopharmaceutical oncology drugs. Additionally, its weight loss drug Zepbound shows promising effectiveness compared to its competitor Wegovy. Analysts have a Strong Buy consensus on LLY stock.
Full articleSummary: Boeing's Starliner facing further delays and safety concerns for returning astronauts, NASA considering SpaceX as alternative transport, tensions between Boeing and NASA rising.
Full articleSummary: Intel and ASUS respond to reports of instability in some 13th and/or 14th generation desktop processors, with ASUS offering BIOS updates and extended warranties to affected customers.
Full articleSummary: Joanna Gaines launched a new fall collection at Target under her brand Hearth & Hand with Magnolia, offering a wide range of decor, cookware, and furniture embodying modern farmhouse style.
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