Summary: Walt Disney World is shortening the Food & Wine festival at EPCOT this year, starting on August 29 and continuing daily through November 23.
Full articleSummary: Meta, the parent company of Facebook, introduced its artificial intelligence tool Meta AI in over a dozen countries, including the U.S., accessible on its platforms to help users get things done, learn, create, and connect without leaving the app.
Full articleSummary: Emerson’s Test & Measurement business and PierSight collaborate to test Synthetic Aperture Radar (SAR) subsystems and Automatic Identification System (AIS) satellites at Emerson's Engineering Innovation Center (EIC) Lab in Bangalore.
Full articleSummary: Salesforce's President and CFO, Amy E. Weaver, engaged in significant stock transactions to cover tax obligations related to RSUs. Weaver sold 4,096 shares at $273.1522 each, totaling over $1.1 million. Despite the sale, she still holds a significant number of shares, and the transactions were part of her compensation package.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon praises Indian Prime Minister Narendra Modi for his work in taking 400 million people out of poverty. Dimon also comments on the US economy and oil prices.
Full articleSummary: NextEra Energy Partners (NEP) shares jumped 8.8% after reporting strong first-quarter 2024 results, exceeding analyst expectations. The company reported revenue of $257 million and funds from continuing operations of $0.75 per share.
Full articleSummary: FlexAI, a Paris-based startup, announced a $30m round led by Alpha Intelligence Capital, Elaia Partners and Heartcore Capital. The company aims to reduce the AI industry's reliance on Nvidia hardware by developing software that allows developers to build systems on various chips from different providers.
Full articleSummary: The article discusses the challenges faced by companies in deploying generative AI applications at scale due to concerns about reliability, cost, and return on investment. It mentions the decreasing hype around AI, evidenced by recent declines in the share prices of tech companies. Air Street Capital argues that the economics for companies building large AI models are unattractive.
Full articleSummary: Meta's artificial intelligence-powered assistant, Meta AI, has been integrated into Facebook feeds and the search bar across its platforms, leading to user annoyance.
Full articleSummary: Meta and Microsoft are teaming up to create a limited-edition Meta Quest 3 headset inspired by Xbox, featuring Xbox controllers and Game Pass in the box.
Full articleSummary: PayPal announced a strategy to reward miners using renewable energy with additional Bitcoin to combat environmental concerns, in partnership with Energy Web and testing successfully with DMG Blockchain Solutions.
Full articleSummary: Oracle founder Larry Ellison announced plans to move the company's corporate headquarters to Nashville, Tennessee, positioning itself as a major player in the healthcare industry. The new campus will have unique facilities and amenities, designed by Norman Foster, and will be more community-oriented.
Full articleSummary: Danaher Corp (NYSE:DHR) filed its 10-Q report revealing a slight decrease in overall revenues but strong net earnings, focusing on life sciences and diagnostics post the divestiture of Veralto.
Full articleSummary: General Motors and GE Aerospace's stocks rose after exceeding analysts' expectations in their first-quarter results, while PepsiCo's shares dipped despite a stronger-than-expected performance. JetBlue Airways and Cleveland-Cliffs saw significant stock declines due to lowered forecasts and earnings misses, respectively. Danaher, Spotify, and Roblox reported positive first-quarter results, boosting their stock prices.
Full articleSummary: Alphabet Inc. shows a high P/E ratio of 26.3x, which is above the market average, indicating investor anticipation of strong future growth. The company has exhibited positive earnings growth, with expectations of continued improvement in the future.
Full articleSummary: Threads app is gaining ground with users in the US, surpassing X in daily active users and experiencing consistent growth since December. However, X still has higher monthly active users in the US. Meta CEO Mark Zuckerberg remains optimistic about Threads' success.
Full articleSummary: U.S. Supreme Court is showing support for Starbucks in a case challenging a judicial order to rehire fired employees who were pursuing unionization, regarding the issuance of preliminary injunctions by federal courts in labor disputes under the National Labor Relations Act.
Full articleSummary: PepsiCo's India business showed significant volume growth in snacks and beverages in the first quarter of CY24. The company also reported share gains in the savoury snacks segment in markets like India. In the Africa, Middle East, and South Asia (AMESA) region, the company noted growth in the convenient foods and beverage units.
Full articleSummary: Alphabet (GOOGL) and Microsoft (MSFT) are set to report their quarterly earnings, with Alphabet expected to see a 27% increase in EPS and 14% rise in sales, while Microsoft is anticipated to post a 14% increase in EPS and 15% rise in sales. Alphabet has a Zacks Rank #3 (Hold) compared to Microsoft's Zacks Rank #4 (Sell).
Full articleSummary: UPS reported declines in delivery volumes in the first quarter, with profits beating estimates. The company implemented a $1 billion cost-cutting plan to offset the slump in demand, leading to falling volumes in the US and internationally.
Full articleSummary: Oracle, the software giant, is moving its headquarters to Nashville in 2024 from Austin, Texas.
Full articleSummary: FedEx Co. (NYSE: FDX) stock shot up 1.1% during trading on Tuesday, closing at $273.18. Analysts have set a new price target with various ratings on the stock including buy, outperform, market perform, and underperform. FedEx also declared a quarterly dividend and authorized a stock repurchase plan.
Full articleSummary: Loop Media, Inc. received a letter from NYSE American advising non-compliance with listing standards due to stockholders' deficit and losses from operations. The company must submit a plan to regain compliance by October 2025.
Full articleSummary: Meta is expanding the Ray-Ban Meta smart glasses collection with new designs and features, including updates to Meta AI. They are also introducing limited-edition smart glasses in an exclusive colorway for Miami 2024.
Full articleSummary: The stock market, including SP500, NASDAQ, and Dow Jones, rallied as traders reacted to weaker-than-expected PMI reports and positive New Home Sales report. Tech stocks led the rally, with SP500 breaking above resistance levels, NASDAQ testing resistance levels, and Dow Jones showing a broad rally but weaker momentum.
Full articleSummary: United Parcel Service (UPS) wins a U.S. Postal Service (USPS) air cargo contract, expecting profitability throughout the deal with a focus on cost-cutting and existing network advantages.
Full articleSummary: Lockheed Martin (LMT) reported quarterly earnings of $6.33 per share, beating estimates. The company surpassed consensus EPS and revenue estimates multiple times in the past four quarters. The stock has added about 1.8% since the beginning of the year. The earnings outlook for Lockheed is currently mixed, resulting in a Zacks Rank #3 (Hold) for the stock.
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