Summary: Microsoft and IGN are teaming up for a second IGN x ID@Xbox Showcase on April 29, featuring upcoming indie games like Dungeons of Hinterberg and providing updates for games like Vampire Survivors.
Full articleSummary: Nike Inc. is set to offer an eight-figure endorsement deal to basketball player Caitlin Clark, aiming to capitalize on her rising stardom and market potential as they seek new athletes to promote their brand. Nike hopes Clark's success can boost shoe sales and improve public relations amidst company struggles.
Full articleSummary: Leading global software companies have recommended the development of standard testing protocols for high-risk AI systems in the run-up to the Digital India Act. BSA, representing companies like Microsoft, IBM, Adobe, Amazon Web Services, and SAP, emphasized a voluntary, market-driven approach for responsible AI use and governance, focusing on consequential decision-making systems.
Full articleSummary: Starbucks plans to alleviate plastic waste by introducing new disposable cups with up to 20% less plastic in US and Canada, aiming to keep 13.5 million pounds of plastic out of landfills per year and reduce water consumption and carbon emissions. The company is also rolling out a reusable cup program in Europe, the Middle East, and Africa next year.
Full articleSummary: GE Aerospace will report its first earnings as a standalone company, following GE's split into three separate companies. Analysts expect strong revenue and EBIT figures. Demand for airplane engines, particularly from Boeing, remains a key focus. GE Aerospace's stock has been trending upwards with increased dividend.
Full articleSummary: Technology shares, including high-flying AI stocks like Nvidia (NVDA), Microsoft (MSFT), and Google (GOOGL), took a hit due to a broad market sell-off. Despite concerns of a bubble, veteran analyst Stacy Rasgon believes the ongoing AI buildout is real and massive, with expectations for long-term growth.
Full articleSummary: Walt Disney Co. Chief Technology Officer is leaving to join Penn Entertainment Inc., with interim CTO named at Disney.
Full articleSummary: Nvidia has dominated the market for AI-related chips but faces increasing competition from companies big and small, as the battle intensifies for a growing market projected to reach $1T by 2030.
Full articleSummary: Harris PR wins the Ford account in Ireland, focusing on promoting and launching Ford's new models and increasing brand awareness.
Full articleSummary: UBS adjusted IBM's stock price target to $130.00 from $125.00 with a Sell rating post IBM's sale of its Weather business. Forecast changes include a rise in Software revenue growth forecast for 2024 and a decrease in Consulting revenue growth forecast for 2024. Restated Software PTI margins for 2023 and Q1 2023 have increased significantly due to segment reporting alterations.
Full articleSummary: US stocks soared on Monday after easing Middle East tensions boosted risk appetite. Major tech earnings and key inflation print expected this week. Markets rebounded after recent selloffs with Dow, S&P 500, and Nasdaq posting gains.
Full articleSummary: Starbucks is expected to begin labor contract negotiations with the union representing more than 10,000 store-level employees. The first step will be setting ground rules for the bargaining process. The union intends to involve 400 members in negotiations, but there have been conflicts regarding the involvement of rank-and-file members. Starbucks has designated 413 stores as collective bargaining units, while the union claims the number is 425.
Full articleSummary: Novartis (NVS) showing encouraging signs with restructuring efforts, American Express (AXP) sees growth but wary of rising expenses, ConocoPhillips (COP) poised for strong oil and gas production outlook
Full articleSummary: Big-money traders have taken a bullish stance on Charter Communications (CHTR) through options trades, with 75% bullish sentiment and 12% bearish sentiment. The options activity indicates an interest in a price range from $220.0 to $400.0. Analyst consensus target price is $313.4.
Full articleSummary: Analysis and ratings on McDonald's stock by several financial institutions including Bank of America Securities, Citi, and Gordon Haskett Capital Corporation.
Full articleSummary: Citigroup Inc. sold a C$1 billion fixed-to-floating rate notes in the Canadian-dollar bond market for the first time in nearly a decade after reporting better-than-expected earnings. The offer drew orders twice the size of the deal from 48 buyers.
Full articleSummary: Aaron LaBerge, Disney Entertainment and ESPN's chief technology officer, is leaving the company after over 20 years to become CTO at PENN Entertainment. Chris Lawson will act as interim CTO until a permanent replacement is named. LaBerge expressed excitement about contributing to PENN Interactive's technology strategy.
Full articleSummary: Satori Fund's Founder Dan Niles criticizes Apple for being 'behind' in AI during a discussion on tech's recent underperformance.
Full articleSummary: Coca-Cola collaborated with WPP's Open X team to launch a global OOH campaign called 'Recycle Me' which features crushed Coca-Cola logos to promote recycling. The effort supports Coca-Cola's 'World Without Waste' strategy and aims to inspire consumers to recycle.
Full articleSummary: Salesforce backed away from talks to acquire Informatica due to inability to agree on terms. The proposed deal would've been one of Salesforce's biggest acquisitions. Informatica's shares closed at $35.19 on Friday.
Full articleSummary: Starbucks Corporation (SBUX) stock is up 0.97% to $88.46, marking the highest close since April 3, 2024. The stock has been on a six-day winning streak, rising 4.17% over this period. However, it is still down 3.21% month-to-date and 7.86% year-to-date.
Full articleSummary: Citigroup Inc. is selling a large debt offering in the Canadian-dollar bond market for the first time in nearly a decade to diversify funding.
Full articleSummary: Main U.S. indexes edged higher on Monday with a positive tone dominated by Big Tech earnings. However, several stocks such as Tesla, Li Auto, Verizon, Cardinal Health, and CNH Industrial declined on various negative news, while Salesforce and Ford saw some gains.
Full articleSummary: Citigroup Inc. is selling a large debt offering in the Canadian-dollar bond market for the first time in nearly a decade, aiming to diversify funding after reporting earnings.
Full articleSummary: Significant Wealth Partners LLC purchased a new stake in Gilead Sciences, Inc. during the 4th quarter, according to the company's Form 13F filing with the SEC. The fund purchased 16,700 shares of the biopharmaceutical company's stock. Several other institutional investors and hedge funds have also modified their holdings of the company. Insider activity includes an insider selling 2,000 shares of Gilead Sciences stock. Wall Street analysts have issued various ratings on GILD, with an average rating of 'Hold' and an average target price of $84.71.
Full articleSummary: Analysts at Bank of America Securities and Barclays reaffirmed Buy ratings on Starbucks, while Oppenheimer maintained a Hold rating. Starbucks has a one-year high of $112.99 and a one-year low of $84.29. The company has an average volume of 8.71M shares traded.
Full articleSummary: California McDonald's franchise owner in response to the new $20 minimum wage law is focused on survival amid increased labor costs, considering price adjustments and exploring business strategies for resilience.
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