Summary: The city of Ofakim in Israel is experiencing significant growth and stability due to its residents enjoying significant tax breaks, employment opportunities from companies like Cisco Systems establishing branches, and government investments to turn it into a thriving city. The city is expected to triple its population in the next decade.
Full articleSummary: Oracle plans to move its global headquarters to Nashville, Tennessee, investing $1.2 billion in a new campus and creating 8,500 new jobs. The company aims to be part of the vibrant Nashville community, with a focus on providing a great living environment for its employees.
Full articleSummary: Hedera Hashgraph (HBAR) saw a surge in price after fake news regarding BlackRock being on-chain through Hedera led to a misunderstanding. However, it was clarified that Archax, not BlackRock, tokenized its MMF shares on the platform.
Full articleSummary: Oracle plans to make Nashville its world headquarters, expanding its presence closer to a major health-care hub. The transition reflects the tech giant's ambitions in the industry, following acquisitions and job creation commitments in the region.
Full articleSummary: Microsoft launches Phi-3 Mini, a small language AI model designed to be simpler and cheaper than larger models like OpenAI's GPT-4 Turbo. The company plans to release two more models - Phi-3 Small and Phi-3 Medium.
Full articleSummary: Intel is set to release its earnings with a focus on its foundry business performance to attract investor interest. Analysts expect overall improvement in revenue and EPS numbers with an emphasis on growth in the Foundry segment. However, concerns remain over Intel's competitive position against TSMC and valuation compared to TSMC.
Full articleSummary: Lockheed Martin Corporation specializes in the design, manufacturing, and marketing of aeronautic, submarine, and aerospace systems, with net sales broken down by various activities and geographical areas.
Full articleSummary: Families of crash victims are meeting with prosecutors over Boeing's 2021 deferred prosecution agreement, which Cassell seeks to make public. The DOJ had quietly reached the agreement with Boeing after the crashes of their 737 MAX aircraft in 2018, leading to intense scrutiny and allegations of shortcuts compromising safety.
Full articleSummary: Thermo Fisher Scientific Inc. reported first-quarter net income of $1.33 billion, exceeding Wall Street expectations with earnings of $5.11 per share. The company's revenue of $10.35 billion also surpassed Street forecasts.
Full articleSummary: PayPal propôs tornar a mineração sustentável de bitcoin mais econômicamente atrativa, recompensando os mineradores por meio de incentivos adicionados à rede Bitcoin, com a utilização de 'incentivos criptoeconômicos' para encorajar o uso de fontes de energia de baixo carbono.
Full articleSummary: GE Aerospace has reported a strong first quarter performance with operating profit of $1.5bn, a 24% increase from the same period last year. Total orders for Commercial Engines and Services have risen significantly.
Full articleSummary: Yarmela Pavlovic appointed as chief regulatory officer of Medtronic, overseeing regulatory affairs and strategies
Full articleSummary: General Dynamics Corp. will host a conference call on April 24, 2024, to discuss Q1 24 earnings results.
Full articleSummary: Oura Ring is now available for purchase at Target as the retailer announced a partnership to expand the wearable's in-store retail presence. Customers can now try out the in-store sizing experience instead of waiting for a sizing kit by mail, reducing the wait time for receiving the product.
Full articleSummary: Microsoft is laying off an unknown number of Bethesda France workers as part of the 1,900 layoffs announced in January. The layoffs are part of Microsoft's effort to facilitate sustainable growth following the merger with Activision Blizzard.
Full articleSummary: IBM is under scrutiny for its ties to the Israeli military and its involvement in AI technology used in the conflict in Gaza. The European Union has authorized projects involving IBM Israel despite concerns about its connection to human rights abuses.
Full articleSummary: Google Pixel 9 Pro is set to change the current full-length camera bar design to an oval-shaped camera bump, which is considered by some as worse. The new design could potentially cause more problems compared to its predecessor.
Full articleSummary: General Dynamics Corp (NYSE:GD) reported financial results for the first quarter of 2024, showcasing an increase in revenue and earnings while falling slightly short on net income. The company's backlog expanded, with notable performance in both the Aerospace and Defense segments.
Full articleSummary: Boeing reported a first-quarter cash burn of $3.93bn, beating analyst expectations, despite a revenue drop and ongoing challenges following a mid-flight incident involving a Boeing 737 Max 9 jet. The company's shares, down 35% year to date, rose by 3.6% in premarket trading.
Full articleSummary: Google search advertising spend in the U.S. rose by 17% YoY in Q1 2024, while click growth slowed to 4% YoY. Cost-per-click increased by 13% YoY. Retailers' Google Search ad CPCs rose by 40-50% in the past five years. PMax campaigns improved performance quarter over quarter.
Full articleSummary: The U.K.'s Competition and Markets Authority (CMA) launches preliminary enquiries into tie-ups and hiring practices involving Microsoft, Amazon, and AI startups, aiming to determine if they fall within merger rules and impact competition. CMA is assessing the partnerships' similarity to mergers and their impact on the U.K.'s AI industry competition. Microsoft and Amazon face scrutiny for their investments and partnerships in the AI sector.
Full articleSummary: Tesla announced plans to deploy 85,000 NVIDIA H100 GPUs for AI training by the end of 2024, marking a significant increase in its AI computing capacity.
Full articleSummary: TD Cowen analyst raised Danaher's price target to $290.00 from $280.00, maintaining a Buy rating due to positive post-Q1 results and sales acceleration in high margin Bioproduction segment.
Full articleSummary: Qualcomm announces the Snapdragon X Plus as an alternative to the Snapdragon X Elite, claiming to outperform Intel's latest processors, Apple M3, and even its own Core Ultra variant. The chip is aimed at a broader range of devices and offers impressive performance despite having fewer cores and no turbo characteristics.
Full articleSummary: Costco offers a range of home improvement supplies, home safety equipment, and everyday home goods, making it a convenient shopping destination for new homeowners. Consumer analyst Julie Ramhold recommends purchasing fire extinguishers as the top priority, along with other essential items like batteries, home storage solutions, and smoke and carbon monoxide alarms.
Full articleSummary: PepsiCo, Inc. reported a 2.3% revenue growth in the first quarter with increased net income and organic revenue. The company received a 'buy' rating from BofA. Most segments showed revenue growth, while QFNA saw a significant decrease due to product recalls.
Full articleSummary: Megatech earnings anticipation with Microsoft, Meta, and Alphabet expected to report 6% growth, Tesla's new models announcement, durable goods data slightly exceeded expectations. Significant focus on tech giants' impact on S&P 500, AI technology's potential, Fed's monetary policy speculation, and shift in trading volumes towards AI and crypto stocks.
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