Summary: Bitcoin attempted to surpass the $67,000 level but failed to do so decisively, trading just below it. Altcoins like ETH and TON are performing well. HBAR surged after a partnership with Archax related to BlackRock's ICS US Treasury money market fund.
Full articleSummary: The Australian Government announced a $500 million investment in next-generation air missile defence technology through the AIR6500 initiative, awarded to Lockheed Martin Australia. The project aims to enhance Australia's air and missile defence system, create jobs, and boost national security.
Full articleSummary: Disney's theme parks and experiences division, led by chairman Josh D’Amaro, is investing $60 billion over the next decade to expand parks, leverage untapped IP, and increase profitability. The division reported record revenue, reaching $8.9 billion in 2023. Competition from Comcast's NBCUniversal is intensifying with the launch of a new park in 2025.
Full articleSummary: Google Search head Prabhakar Raghavan mentioned challenges in the tech industry, new cost reality with AI and slowing organic growth. Urged employees to act with urgency and learn from past stumbles.
Full articleSummary: Apple launches 'Made for Business' program in select stores, offering free sessions for small business owners to learn how Apple products can support their growth and success. The program will kick off in May and continue throughout the year, providing insights from small business owners who have utilized Apple products. Apple also provides resources such as Business Connect, Business Essentials, and Tap to Pay on iPhone to support businesses at every stage of their growth.
Full articleSummary: Apple announced a special event on May 7 focused on iPads, hinting at the launch of a new Apple Pencil 3 with potential features like Find My integration and interchangeable tips. New iPad Air and iPad Pro models with M2 and M3 chips respectively, as well as OLED displays, are expected to be introduced.
Full articleSummary: Community Bank & Trust Waco Texas raised its stake in Caterpillar Inc. by 12.7% during the fourth quarter. A number of other hedge funds also recently added to their stakes in Caterpillar. Caterpillar stock traded down 0.3% on Wednesday.
Full articleSummary: British competition regulators are investigating recent artificial intelligence deals by Microsoft and Amazon over concerns of potential anti-competitive behavior.
Full articleSummary: Caitlin Clark signed an eight-year, $28 million deal with Nike that includes a signature shoe, causing mixed opinions among commentators and comparison with other athletes' deals.
Full articleSummary: Meta Platforms (META) is preparing to announce its Q1 earnings results, with a focus on the impact of artificial intelligence and advertising revenue.
Full articleSummary: Nvidia Corp. has agreed to acquire Israeli startup Run:ai, known for its AI computing resource management software.
Full articleSummary: Texas Instruments (TXN) beat first quarter estimates and provided a strong revenue outlook for the second quarter, causing shares to rise.
Full articleSummary: Thermo Fisher Scientific is experiencing a surge in its PFAS testing business due to increasing global regulation of per- and polyfluoroalkyl substances. The company has been offering comprehensive PFAS analysis services for over a decade and is preparing for evolving regulatory landscapes by assisting manufacturers in analyzing PFAS exposure for compliance.
Full articleSummary: Amy Weaver, President and CFO of Salesforce Inc (CRM), sold 4,096 shares at an average price of $273.15 per share, totalling $1,118,784.40. Salesforce Inc is a global CRM technology leader with a market capitalization of $268.38 billion. The stock's price-to-GF-Value ratio of 1.1 suggests it is modestly overvalued.
Full articleSummary: Salesforce Inc (CRM) has seen an insider transaction where EVP & Chief Accounting Officer Sundeep Reddy sold 2,425 shares, continuing a trend of insider selling at the company. The stock's valuation metrics suggest it is modestly overvalued according to the GuruFocus Value estimate. Insider transactions like this can provide insights into how insiders view the stock's current valuation and future prospects.
Full articleSummary: Comcast has introduced a new WiFi Boost service offering speeds up to 1 Gbps on over 23 million Xfinity Mobile Wi-Fi hotspots, powered by Wi-Fi 6 and Wi-Fi 6E technologies. The upgrade does not require any action from customers and is part of a $20 billion investment in improving the network.
Full articleSummary: Caitlin Clark to sign an eight-year, $28 million USD deal with Nike including a signature shoe, beating out offers from adidas, Under Armour, and Puma.
Full articleSummary: The Coca-Cola Company partners with Microsoft to develop AI use cases with a $1.1 billion investment in the Microsoft Cloud, with a focus on generative AI and cloud capabilities. Coca-Cola is exploring generative AI-powered digital assistants to enhance customer experiences and operational efficiency. The partnership also involves migrating all applications to Microsoft Azure.
Full articleSummary: The Coca-Cola Company and Microsoft have signed a five-year deal to develop and integrate artificial intelligence use cases across various business functions. Coca-Cola has committed $1.1 billion to the Microsoft Cloud for generative AI and cloud capabilities. They will experiment with Azure OpenAI Service, Microsoft Copilot, and other technologies to enhance workplace productivity.
Full articleSummary: Wall Street forecasts are pushing back the timeline for the Federal Reserve to cut interest rates in 2024, with Citi experts standing firm on a potential rate cut as early as June or July, complicating the Fed's plans for easing rates in an election year.
Full articleSummary: Coca-Cola and Microsoft have announced a new five-year partnership with a focus on Coca-Cola's core technology strategy, including a US$1.1 billion commitment to Microsoft's generative AI Microsoft Cloud technologies.
Full articleSummary: Disney is planning to invest $60 billion over 10 years into its theme parks and resorts division, banking on the segment's strong performance amidst challenges in other areas of their business. The investment aims to keep the parks fresh for visitors by adding new attractions and experiences.
Full articleSummary: Apple has reportedly slashed production volumes of the Vision Pro mixed reality headset due to lower than expected demand in the US, with initial plan reduced from 800,000 units to 400,000 to 450,000. Analyst Ming-Chi Kuo suggests a possible cancellation of the 2025 update due to poor performance.
Full articleSummary: NVIDIA has agreed to acquire Run:ai, a Kubernetes-based workload management and orchestration software provider, for a deal worth around $700 million. Run:ai enables enterprise customers to manage and optimize their compute infrastructure, with big names like BNY Mellon, Sony, and Mobileye using their platform.
Full articleSummary: The article discusses the potential of the Apple Vision Pro and similar VR headsets, highlighting its immersive nature for movies, sports, and nature/adventure content. It mentions that while the price is currently high, it could become more accessible in the future.
Full articleSummary: Thermo Fisher Scientific Inc has a mixed long-term outlook based on Smartkarma Smart Scores, scoring well in momentum, resilience, and growth factors but more moderate in value and dividend scores.
Full articleSummary: The U.S. Postal Service plans to shift daily air cargo volumes to UPS before the contract with FedEx expires in September to ensure no service interruption for customers heading into the busy holiday shipping season. The contract with UPS is projected to generate about $1.5 billion in annual revenue. Some investors remain skeptical about the potential profit margins of this move by UPS.
Full article