Summary: Intel’s foundry business will be advancing chip tape-outs and prototypes under the Department of Defense’s Rapid Assured Microelectronics Prototypes-Commercial program.
Full articleSummary: Bank of America is bearish on a slew of Asian currencies due to delayed Federal Reserve easing cycle and sustained strength in the U.S. dollar. The bank is neutral on some currencies.
Full articleSummary: The trade price of HBAR coin surged after BlackRock tokenized a Money Market Fund on Hedera, marking a major milestone in asset management.
Full articleSummary: Various stocks related to artificial intelligence (AI) surged on Tuesday following the announcement of a strategic partnership between FPT and Nvidia to offer AI products and cloud services in Vietnam and the surrounding region.
Full articleSummary: Tesla reported worse-than-expected first-quarter earnings and revenue but stock soared after the company indicated 'more affordable' new models are still coming. The company aims to accelerate new model launches ahead of the previously communicated timeline, with updates on a next-generation platform and plans to showcase a robotaxi.
Full articleSummary: Investors advised against investing in Nvidia due to its high price-to-earnings ratio. Instead, Match Group (MTCH) is recommended as an attractive stock to buy due to its current low valuation, strong cash flow, and potential for long-term growth in the online dating market.
Full articleSummary: Nvidia, a tech company known for making GPUs, uses gold along with other metals like tantalum, tungsten, and tin in their products, and the cost of gold is becoming less relevant due to the rise in the price of GPUs caused by advances in artificial intelligence. Investors like Stanley Druckenmiller are shifting towards AI and gold investments.
Full articleSummary: PayPal announced the appointment of Shaun Khalfan as their new Chief Information Security Officer who brings over 20 years of experience in information security and risk management from top institutions and government agencies.
Full articleSummary: Fed's increased uncertainty affecting home buyers and sellers due to high interest rates, Middle East tensions could potentially impact US inflation through oil prices, Business activity in services and manufacturing sectors shows slowdown in April
Full articleSummary: Pfizer and BioNTech are in a legal battle with Moderna, seeking to revoke Moderna's patents over technology key to COVID-19 vaccines, with lawsuits in London's High Court and other countries.
Full articleSummary: PayPal propôs tornar a mineração de Bitcoin mais sustentável e economicamente atrativa, recompensando os mineradores de Bitcoin que utilizam fontes de energia de baixo carbono com incentivos adicionais. A proposta visa incentivar os mineradores a operar com fontes de baixo carbono para obter recompensas BTC extras.
Full articleSummary: RTX Corporation reported strong first quarter results with a record backlog of $202 billion. Chairman and CEO, Greg Hayes, will be stepping down and turning the reins over to Chris Calio at the Annual Shareowners' Meeting. The company expects continued growth in commercial and military sectors given robust demand and booked orders.
Full articleSummary: Lockheed Martin Corp (LMT) reported impressive first-quarter financial results for 2024, with net sales surpassing estimates at $17.2 billion and net earnings reaching $1.5 billion, exceeding the EPS estimate.
Full articleSummary: Fool.com contributor Parkev Tatevosian reviews the latest turmoil among popular AI stocks including Super Micro Computer (NASDAQ: SMCI), Nvidia (NASDAQ: NVDA), Palantir (NYSE: PLTR), AMD (NASDAQ: AMD), ARM Holdings (NASDAQ: ARM), and more. The Motley Fool Stock Advisor analyst team did not identify Super Micro Computer as one of the 10 best stocks for investors to buy now, warning that other picks could produce better returns. The article questions if the bubble in AI stocks is popping.
Full articleSummary: IBM Corp. is nearing a deal to acquire HashiCorp Inc., leading to a 22% surge in HashiCorp's shares and a 0.8% increase in IBM's stock.
Full articleSummary: PayPal's Blockchain Research Group, in partnership with Energy Web and DMG Blockchain Solutions, has proposed a fix, the 'Green Mining Initiative,' to accelerate the clean energy transition for Bitcoin mining by incentivizing miners to use low-carbon energy sources.
Full articleSummary: Economist suggests that three rate cuts could still be possible this year despite inflation rate being above central bank's target, as Fed may prioritize avoiding recession over high inflation.
Full articleSummary: United Parcel Service (UPS) reported better-than-expected quarterly profit due to cost cuts, offsetting soft demand. The company is aiming to cut $1 billion in costs this year by cutting 12,000 non-union jobs. Despite lower volumes, UPS plans to focus on higher-margin deliveries for small businesses and healthcare companies.
Full articleSummary: Microsoft is expected to report earnings with an estimated 4.4% move in either direction. The article suggests a bullish trade strategy using a bull put spread.
Full articleSummary: Chevron is set to showcase its VARTECHISC cleaner at the NPE2024 Plastics Show to transform the plastics industry's maintenance approach, offering benefits like restoring equipment performance, high compatibility, and ease of use.
Full articleSummary: Intuit Inc.'s stock price was up 3.2% during mid-day trading on Tuesday and has a consensus rating of 'Moderate Buy'. The company recently announced a quarterly dividend and insiders have been selling off shares. Several institutional investors have also modified their holdings of INTU.
Full articleSummary: Bristol-Myers Squibb (NYSE:BMY) shares rose 0.2% during mid-day trading, with analysts offering mixed ratings on the stock. The company reported positive earnings results, beating analyst estimates, and declared a quarterly dividend.
Full articleSummary: FedEx and UPS added 82 new delivery area surcharge ZIP codes ranging from $3.95 to $5.85, impacting almost 1% of the U.S. population, including dense urban areas like New York, Boston, Chicago, Los Angeles, and San Francisco.
Full articleSummary: Wells Fargo analyst maintained a Hold rating on Axonics Modulation Technologies with a price target of $71.00. The company's shares opened at $66.68 today. The company reported quarterly revenue of $109.74 million and a net profit of $6.53 million for the quarter ending December 31.
Full articleSummary: PayPal Holdings, Inc. (NASDAQ:PYPL) rose 1.6% on Tuesday and has seen various price target revisions from analysts, reaching a consensus price target of $70.47. The company also reported positive quarterly earnings, beating analysts' estimates.
Full articleSummary: Disney's shares climbed modestly due to a new analyst report indicating the end of proxy fight troubles and a focus on execution, especially in sports business and direct-to-consumer margins. Despite mixed reviews on its new theme park policies, analysts have a Strong Buy consensus on DIS stock with 9.45% upside potential.
Full articleSummary: Perplexity has raised $63 million and aims to compete with Google's search engine. The new funding round values the AI startup at $1 billion, and it is rolling out an enterprise version of its chatbot with new features and exploring expansion into new regions. Well-known investors like Jeff Bezos, Susan Wojcicki, and Jeff Dean have all invested in the startup.
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