Summary: Intel investigates and releases new BIOS settings to address instability issues with certain games when using unlocked 13th or 14th Generation Intel CPUs. The new BIOS setting, called 'Intel Baseline Settings,' lowers performance in some workloads, including games, to adhere to Intel's recommended values.
Full articleSummary: Nelly Korda won her second major title and fifth consecutive LPGA Tour victory, becoming the third player in LPGA Tour history to achieve such a feat at The Chevron Championship where the Olympic Rings were present, generating excitement for the upcoming 2024 Paris Olympics.
Full articleSummary: The article discusses the possibility of the Federal Reserve not making any cuts, causing potential disruption in the stock market. It introduces the Parametric Hedged Equity ETF (PHEQ) as an option for investors looking to mitigate losses.
Full articleSummary: Senators question FAA's oversight of Boeing after safety culture and quality control issues emerged. An independent panel found a disconnected safety culture at Boeing. Former employees and whistleblowers criticized FAA for being too lenient with Boeing. Despite some improvements, concerns remain about Boeing's safety culture and FAA's oversight.
Full articleSummary: The stock market continued to rise for a second day as traders built on strong gains, with some companies reporting impressive earnings. Technology stocks rebounded after a recent dip, with positive sentiment prevailing in the market.
Full articleSummary: Giovanni Caforio, former CEO of Bristol Myers Squibb, to become the next board chairman of Novartis, succeeding Joerg Reinhardt. Novartis proposed the appointment at its annual general meeting along with first quarter earnings that exceeded Wall Street forecasts. Caforio had overseen major acquisitions at Bristol Myers and Novartis is focusing on prescription pharmaceuticals under current CEO Vas Narasimhan.
Full articleSummary: RWA Wealth Partners LLC significantly increased its holdings in Salesforce, Inc. during the 4th quarter. Several other large investors also bought stakes in the company. Analysts have set new price targets for Salesforce stock. Insider activity includes recent sales by COO Brian Millham and CEO Marc Benioff. Shares of CRM stock were up 0.2% during trading hours on Tuesday. The company also recently declared a quarterly dividend.
Full articleSummary: Salesforce, Inc. (NYSE:CRM) experienced a slight drop in share price following insider selling activities. Multiple analysts have issued positive ratings and increased price targets for the stock. The latest quarterly earnings report exceeded analysts' expectations with a positive EPS.
Full articleSummary: Larry Ellison, the co-founder of Oracle Corporation, recounts his journey from a young boy with a fascination for technology to becoming one of the wealthiest individuals globally, highlighting his role in building Oracle into the world's leading database management company.
Full articleSummary: Novartis and Danaher rose after beating earnings forecasts, Nucor and Cadence Design Systems fell due to weak guidance, General Motors raised profit forecast, Nucor missed earnings and revenue forecasts.
Full articleSummary: Improved risk appetite supports NZD/USD, potential US Dollar strength from Fed's hawkish sentiment, PBoC may lower MLF rate to cut funding costs.
Full articleSummary: PepsiCo beat Wall Street expectations for first-quarter revenue due to steady demand for Tropicana juices and Cheetos in international markets, despite a slowdown in the U.S. market.
Full articleSummary: Microsoft launches Phi-3 Mini, the first of three small artificial intelligence models, trained on 3.8 billion parameters. This smaller model is designed for mobile devices and lower-powered devices. Microsoft claims that Phi-3 Mini offers similar performance to models trained on significantly more parameters.
Full articleSummary: Tesla reported a 55% decrease in profit and a 9% decrease in revenue in the first quarter of the year due to tepid car sales, leading to concerns among investors about the company's performance in the electric vehicle market.
Full articleSummary: Tesla has fired its 40-person ad team that focused on traditional advertising methods due to CEO Elon Musk's dissatisfaction with the ads, amidst a slew of other changes and layoffs at the company during a turbulent period.
Full articleSummary: A Tesla driver using Autopilot was reportedly distracted by his phone and crashed into a motorcyclist, resulting in one death. The driver was arrested for investigation of vehicular homicide while driving distracted.
Full articleSummary: Perplexity AI, a startup using AI search engine, has raised $63 million in funding, valued at over $1 billion. The company offers chatbot that summarizes search results and lists citations. They are expanding into enterprise market and have distribution partnerships with major carriers.
Full articleSummary: Starbucks case at the Supreme Court revolves around the reinstatement of fired baristas and shift supervisors who intended to unionize, with a focus on the legality of a 10(j) injunction granted to them by a lower court.
Full articleSummary: Costco's famous return policy allows members to return years-old and used products, sparking discussions on social media about the 'abuse' of the policy. Former employees shed light on the lax policy's benefits for customers and the company.
Full articleSummary: Walmart-backed fintech One is expanding its role by offering BNPL loans in-store and is rumored to potentially take over Walmart's credit card partnership from Capital One. This move puts One in direct competition with Affirm, increasing its presence in the lending business.
Full articleSummary: Workers at the first unionized Starbucks in the Fargo-Moorhead area are hoping to reach an agreement on their first labor contract with Workers United, with negotiations focusing on pay and scheduling. Starbucks and the union have begun discussions to achieve contract agreements.
Full articleSummary: Microsoft announces a new five-year partnership with The Coca-Cola Company, where Coca-Cola plans to spend $1.1 billion on Microsoft's cloud and generative AI services. This comes after an earlier partnership in 2020 where Coca-Cola used Microsoft's Azure, Dynamics 365, and Microsoft 365.
Full articleSummary: Tesla investors are preparing for what are expected to be underwhelming financial results for Q1. Tesla is focused on automated driving technology and prioritizing its Full Self-Driving (FSD) system, while facing narrowing profits due to its costly bet on autonomous vehicles.
Full articleSummary: GE Aerospace had a strong first quarter in 2024, with double-digit growth in orders and all headline metrics, including operating profit of $1.5 billion, up 24%, and free cash flow of $1.7 billion, doubling year-over-year. The company is focused on enhancing its fixed capital investments, including additive manufacturing, to support FLIGHT DECK operations and prepare for capacity expansions. Larry Culp addressed challenges in the supply chain impacting LEAP engine production. Customer tone on the narrow-body side appears constructive in the competitive environment against Pratt & Whitney engines.
Full articleSummary: Tesla shares fell for a seventh straight day, reaching their lowest point since January 2023, after further price cuts and ongoing concerns leading up to the first-quarter earnings report. The company also faces challenges such as weak first-quarter deliveries, layoffs, a Cybertruck recall due to a 'trapped pedal' defect, and a decline in revenue. Short sellers are capitalizing on the stock's slide, with significant profits incurred.
Full articleSummary: Starbucks wants the Supreme Court to curb the government's power regarding rehiring workers involved in unionization efforts, despite animosity between Starbucks and Workers United easing as they plan to restart talks for contract agreements. The case began when Starbucks fired seven workers in Tennessee for unionizing, leading to a court order for rehiring, and Starbucks appealing to establish a consistent four-factor test for NLRB injunction cases.
Full articleSummary: RTX Corp. reported a first-quarter profit of $1.71 billion, a 19.8% increase year over year, exceeding Wall Street expectations. The aerospace and defense company posted revenue of $19.31 billion, surpassing forecasts. RTX expects full-year earnings in the range of $5.25 to $5.40 per share, with revenue expected to be between $78 billion to $79 billion.
Full article