Summary: Google has fired more than 20 employees following sit-in protests related to its $1.2 billion Project Nimbus with the Israeli government. The CEO, Sundar Pichai, reminded employees not to engage in disruptive or political discussions at work.
Full articleSummary: Tesla Inc. (TSLA) shares have plummeted by 40% this year, leading to a surge in six S&P 500 stocks: Linde (LIN), FMC (FMC), eBay Inc. (EBAY), Church & Dwight (CHD), Walmart Inc. (WMT), and Wells Fargo (WFC) showing an inverse correlation to Tesla's performance. Deutsche Bank analyst Emmanuel Rosner predicts a potential 15% downside for Tesla over the next year due to the shift in focus from a new low-cost vehicle to self-driving technology.
Full articleSummary: C3.ai, an enterprise artificial intelligence (AI) software developer, experienced a significant drop in its stock value after an initial surge following its IPO. The company faced challenges with slowing growth, steep losses, and rising interest rates. C3.ai's revenue growth decelerated in fiscal 2021 and fiscal 2023 but is expected to pick up in the following years.
Full articleSummary: An AI venture backed by Google is partnering with the military to use AI in responding to natural disasters by quickly analyzing aerial imagery to identify damage to critical infrastructure. The partnership aims to speed up disaster response processes and save lives in communities.
Full articleSummary: BlackRock's IBIT Bitcoin ETF has recorded 70 consecutive days of inflows, amassing over $15.4 billion worth of Bitcoins, potentially becoming the largest Bitcoin fund in the market. In contrast, Grayscale's GBTC has been experiencing continuous outflows.
Full articleSummary: Latin American economies are experiencing new economic vigour with a shift from traditional commodity base, increased foreign direct investment, and beneficial geopolitical position. Mexico is benefiting from 'friend-shoring' trend in global supply chains and strong fiscal balance. Central banks across the region are lowering interest rates to support economic activity and asset prices.
Full articleSummary: The article discusses the Compact Construction Equipment Market research provided by HTF MI, analyzing key trends and emerging drivers shaping industry growth. It details major players in the market and forecasts a CAGR of 4.2% from 2024 to 2030, with an estimated increase in market size by USD 89.6 Billion. The report also identifies market segments, trends, drivers, challenges, and opportunities within the compact construction equipment sector.
Full articleSummary: Major computer manufacturers are moving towards more sustainable products by utilizing post-consumer materials and reducing e-waste. The focus now needs to shift towards improving efficiency in processors to address environmental challenges.
Full articleSummary: FPT Corp and Nvidia sign a partnership to build an AI Factory in Hanoi focused on research and development of AI technologies. FPT aims to transform Vietnam into an AI hub by collaborating with Nvidia on various initiatives including generative AI solutions and cloud gaming.
Full articleSummary: Bank of New York Mellon VP Catherine Keating sold shares of the company's stock in two transactions, disclosed in a legal filing with the SEC. The company also announced a quarterly dividend on its stock. Institutional investors have been actively buying and selling shares of the company. Analyst ratings for BK have been positive, with several firms raising their price targets and ratings.
Full articleSummary: Bristol Myers Squibb is expected to reveal a quarterly loss of $4.51 per share, with revenues forecasted to increase by 1% year over year. Analysts have adjusted the EPS estimate upward by 1.1% over the past 30 days. Specific metrics like 'Net Sales- Recent LOE Products- Revlimid' and others have been forecasted by analysts.
Full articleSummary: Nelly Korda wins her LPGA record-tying fifth straight event and second major title at the Chevron Championship in The Woodlands, Texas, earning $1.2 million. She aims to break the record with a potential win at the upcoming JM Eagle LA Championship.
Full articleSummary: Bristol-Myers Squibb stock was up 0.8% during mid-day trading on Monday, and had a decline in trading volume compared to average volume. Analysts have mixed opinions on BMY stock, with a consensus rating of 'Hold' and a target price of $61.18. The company recently declared a quarterly dividend of $0.60 per share.
Full articleSummary: The Global Mobile Banking Market size is forecast to reach $5.7 billion by 2031, driven by factors such as convenience, cost efficiency, and security concerns. Major market players like HSBC and BNP Paribas are engaging in acquisitions to enhance their technological capabilities and customer offerings.
Full articleSummary: Google has enabled an inferior screensaver in their YouTube app that interferes with Apple TV screensaver and power saving mode.
Full articleSummary: MasTec (NYSE:MTZ) had its target price raised by Citigroup analysts from $99.00 to $104.00 with a "buy" rating, indicating a 24.16% potential upside. Several other analysts have also given their price targets and ratings for MasTec.
Full articleSummary: Intuit was downgraded from a 'buy' rating to a 'hold' rating by StockNews.com, but has received multiple 'buy' ratings from other research firms. The stock has a consensus 'Moderate Buy' rating with an average price target of $645.00. Intuit's latest quarterly earnings beat analyst estimates.
Full articleSummary: Bristol Myers Squibb and Cellares have announced a worldwide capacity reservation and supply agreement for the manufacture of CAR T cell therapies valued up to $380M, expanding BMY's manufacturing capacity and meeting the increasing demand for cell therapies.
Full articleSummary: Medtronic plc (MDT) has received an average rating of 'Hold' from eleven ratings firms. Analysts have issued one sell rating, four hold ratings, and six buy ratings, with an average twelve-month target price of $94.91. The company's recent earnings results beat estimates, and it also announced a quarterly dividend.
Full articleSummary: Investors are eagerly awaiting earnings results from 'the Magnificent 7' tech companies including Tesla, Meta Platforms, Microsoft, and Alphabet, to potentially boost confidence in the market's fundamentals amidst ongoing concerns over Fed easing and inflation. Meta is expected to outperform, while Tesla faces challenges. Overall, the tech sector is expected to see positive earnings growth compared to the previous year.
Full articleSummary: Tech companies are embracing smaller A.I. technologies that are more cost-effective for customers. Microsoft introduces three smaller A.I. models under Phi-3, with the smallest one performing almost as well as GPT-3.5 and being able to run on smartphones and regular computer chips.
Full articleSummary: Globant (NYSE:GLOB) had its price target decreased by Citigroup from $275.00 to $235.00 with a 'buy' rating, suggesting a potential upside of 30.42%. Despite the decrease, several analysts have a positive outlook on the stock.
Full articleSummary: The 2024 Cisco Cybersecurity Readiness Index highlights a significant surge in cybersecurity investment plans, integration of AI technologies among UAE organizations, and the challenges faced such as cyber talent gap and the need for innovative solutions.
Full articleSummary: JPMorgan Chase & Co. has been recognized as a market leader in the use of Artificial Intelligence and Deep Learning in commercial banking, earning top spot in the Evident AI Index for commercial AI adoption and performance. The bank has demonstrated a strong commitment to responsible AI practices, with more than 2,000 AI specialists and significant investment in AI research. Under the leadership of Jamie Dimon, JPMorgan Chase has maintained a Return on Tangible Equity above 15% and achieved record-breaking profits.
Full articleSummary: Oracle, AWS, Microsoft, and Google are incorporating generative AI capabilities in supply chain operations to automate tasks, improve decision-making, and enhance supply chain efficiency. Oracle is focused on leveraging GenAI to optimize its Fusion Cloud Supply Chain & Manufacturing offering, streamlining processes from inventory management to order fulfillment.
Full articleSummary: Citigroup is facing allegations of poor culture in its equities sales and trading business, as well as discrimination and harassment issues. Meanwhile, regulations on bonuses are tightening in New York and loosening in London.
Full articleSummary: Oregon Gov. Tina Kotek plans to propose forming a new technical center at Intel's Hillsboro site focused on semiconductor research and development. The center would be affiliated with the National Semiconductor Technology Center (NSTC) and would feature an Advanced Lithography Center.
Full article