Summary: Tech giant Cisco Systems has joined Microsoft and IBM in signing a Vatican-sponsored pledge to ensure ethical development and use of artificial intelligence
Full articleSummary: Oracle Financial Services Software Limited reported a 12% year-on-year rise in consolidated revenue, with operating income increasing by 13% and net income by 23% for fiscal year 2024. The company also disclosed strong financial outcomes for the quarter ending March 31, 2024, showing a 12% revenue growth, 13% operating income growth, and 17% net income growth year-over-year.
Full articleSummary: Simon announces plans to add customer experience enhancements, new stores, and share details on future expansion to Woodbury Common Premium Outlets in New York including a stunning new VIP Suite and various luxury brands and expansion projects.
Full articleSummary: Cisco warns of state-sponsored hacking campaign targeting its Adaptive Security Appliances, involving sophisticated hackers exploiting zero-day vulnerabilities to compromise multiple government networks globally.
Full articleSummary: Meta Platforms (META) has performed exceptionally well with significant stock gains, and is set to report first quarter fiscal 2024 earnings results. Wall Street analysts are bullish on Meta's potential for further monetization and fundamental improvements.
Full articleSummary: Microsoft Cloud for Sovereignty provides guidance, tools, and controls to help public sector organizations modernize their operations with hyperscale public cloud and cutting-edge technologies. The latest release includes guardrails to simplify building sovereign environments, new tools for managing cloud environments, and guidance on leveraging large language models and Microsoft Azure services.
Full articleSummary: Neurocrine Biosciences was upgraded by Wells Fargo to overweight with a price target of $170 due to the potential of its pipeline, particularly highlighting the drug crinecerfont for two neuroendocrinology indications.
Full articleSummary: Simon, a global leader in shopping destinations, announces plans to add customer experience enhancements and new stores at Woodbury Common Premium Outlets along with an update on future expansion plans.
Full articleSummary: Nvidia acquires Run:ai for an estimated $700 million, will integrate its AI hardware infrastructure management technology into Nvidia's DGX Cloud AI platform. Run:ai's CEO expresses excitement over the acquisition, highlighting shared goal of optimizing infrastructure for customers.
Full articleSummary: Starbucks is challenging a lower court's order to rehire workers at a Tennessee store, arguing for a tougher standard for the NLRB to halt unfair labor practices. The Supreme Court case could impact the agency's ability to grant injunctions in unionization disputes.
Full articleSummary: President Joe Biden signed a bill into law that could force the sale of TikTok or ban the app due to national security risks, potentially affecting stocks like Meta, Alphabet, and Oracle.
Full articleSummary: President Joe Biden signed a bill that would force the sale of TikTok or ban the app, leading to potential implications for stocks like META, GOOGL, and ORCL. The bill aims to address national security concerns around TikTok's China-based ownership.
Full articleSummary: Bristol-Myers Squibb is expected to report losses per share of $4.435 for Q1, with a slight increase in sales from the same period last year.
Full articleSummary: DMG Blockchain Solutions Inc., PayPal, and Energy Web are collaborating to explore ways to decarbonize the Bitcoin blockchain, aiming to establish a new industry standard for blockchain applications in financial services.
Full articleSummary: SoFi Technologies is experiencing strong growth trends and profitability, with the potential for market-beating returns over the long term.
Full articleSummary: MetLife (MET) is expected to report an increase in earnings and revenue for the quarter ended March 2024. Analysts have revised the EPS estimate slightly lower, indicating some bearish sentiment. The combination of negative Earnings ESP and Zacks Rank #3 suggests it may not beat the consensus EPS estimate.
Full articleSummary: NextEra Energy (NEE) reported a strong first quarter with an 8.3% increase in adjusted earnings per share year-over-year. The company added 1,640 MW of new solar capacity through its subsidiary FPL and 2,765 MW of new renewables and storage projects. With the US renewables and storage market expected to triple in the next seven years, NextEra Energy is well-positioned to capitalize on growing demand. The company aims to increase its solar mix and double its battery storage deployment, expecting to thrive in the evolving energy landscape.
Full articleSummary: Danaher (DHR) had its Relative Strength (RS) Rating upgraded from 61 to 80 Wednesday. Danaher is trying to complete a flat base with a 259.00 buy point. Despite negative earnings and sales growth, there was improvement. Danaher holds the No. 4 rank among its peers in the Medical-Diversified industry group.
Full articleSummary: Tesla shares surged after Elon Musk announced plans to launch less-expensive vehicles as soon as late this year by accelerating new models on a next-generation platform.
Full articleSummary: Microsoft has introduced ads in the form of recommended apps in the Windows 11 Start menu as part of the recent KB5036980 update, causing user backlash and suggestions to use third-party Start menu replacements.
Full articleSummary: Investors may look at energy stocks like NextEra Energy Inc. (NYSE: NEE) as oil prices are expected to rise. Analysts are bullish on NextEra's future performance, with price targets set at $85 a share and predictions for 28.4% potential rally.
Full articleSummary: The Industrial Select Sector SPDR Fund (XLI) experienced a $584.4 million dollar inflow, resulting in a 3.2% increase in outstanding units week over week. Among its largest components, Uber Technologies Inc (UBER) is down 3.3%, Union Pacific Corp (UNP) is down 2.1%, and RTX Corp (RTX) is down 0.9%.
Full articleSummary: The possibility of tariffs being reinstated on bifacial solar panels does not worry the top executives of NextEra Energy, the largest U.S. renewable energy company. Despite the potential removal of the bifacial exemption, NextEra Energy has already secured panel needs through February 2026 and has minimal exposure to the exemption being lifted. The U.S. solar panel industry is gaining strength with companies like Hanwha Qcells investing in U.S. manufacturing facilities and increasing capacity.
Full articleSummary: Coca-Cola partners with Microsoft Corp to develop a five-year strategy focused on cloud technologies and generative AI. The collaboration includes a $1.1 billion investment in Microsoft Cloud to improve various business functions.
Full articleSummary: Dow and Beyond Benign collaborate to advance green chemistry education by providing resources and training programs to empower educators and industry professionals. The collaboration aims to expand the Green Chemistry Commitment program, provide professional training in Green Chemistry, offer awards to university educator teams, and support Dow employee volunteer opportunities.
Full articleSummary: Charter Communications (CHTR) is set to report its first-quarter 2024 results on April 26. The Zacks Consensus Estimate for revenues indicates a slight increase from the year-ago quarter, while earnings per share are expected to rise. Despite facing competition in the cable space and challenges in the Internet subscribers' addition rate, strategic investments in network infrastructure and partnerships like the one with Disney for ESPN+ are expected to drive growth.
Full articleSummary: Microsoft and The Coca-Cola Company form a strategic partnership to revolutionize Coca-Cola's technology infrastructure by leveraging Microsoft Cloud and generative AI capabilities.
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