Summary: Cisco is making advancements with its Intercloud plan, including partnering with tech companies for an app store and introducing new technology for hybrid cloud models.
Full articleSummary: Apple has reportedly stopped the production of its FineWoven accessories, which were introduced as an environmentally friendly alternative to leather cases and wallets but faced criticism for their quality compared to leather products. The company is said to be moving to another non-leather material for future accessories.
Full articleSummary: Investors of Korean chip makers dumped their shares as Nvidia faced a significant loss, causing Samsung Electronics and SK hynix to fall on the market. Nvidia's stock price has shown bearish moves recently due to valuation burden and concerns about the AI bubble. Market watchers predict investors are adjusting their positions amid uncertainties like the US interest rate cut expectations and tensions in the Middle East. However, analysts suggest that semiconductor stocks may see improvement in the coming months and advise investors to use corrections as an opportunity to accumulate more stocks. First-quarter earnings announcements of tech giants this week will play a crucial role in determining the direction of chip stocks.
Full articleSummary: Boeing and Wagner Sustainable Fuels collaborate on growing sustainable aviation fuel (SAF) industry to meet Australia's airline demand for jet fuel. They are working on a new facility to produce SAF in Queensland.
Full articleSummary: Federal agencies are evaluating pending oil company consolidations by ExxonMobil and Chevron due to antitrust and climate concerns, with Senators and Congressmen voicing opinions against the acquisitions. Arguments include concerns about competition, consumer impact, and potential 'greenwashing' due to pledged reductions in greenhouse gas emissions. The legislators' efforts may hinder the acquisitions.
Full articleSummary: SEGRO and St George celebrated the completion of SEGRO V-Park Grand Union, a multi-storey industrial development in Alperton, London, designed to maximize employment space in urban areas. The project aims to generate up to 250 jobs and apprenticeships, prioritizing wellbeing and sustainability.
Full articleSummary: Japan's antitrust watchdog orders Google to fix advertising search restrictions affecting Yahoo in Japan, after finding it undermines fair competition in the advertising market. Google to be under review for the next three years to ensure changes are implemented.
Full articleSummary: Fed members express cautious stance on interest rates, reluctant to cut rates until later, and open to rate hikes if needed due to high inflation expectations.
Full articleSummary: Nvidia's stock has soared due to its dominance in the AI market, but investors are considering if other AI-related chip stocks like Taiwan Semiconductor Manufacturing (TSM) could replicate its success. TSMC is a key player in the chip industry, producing advanced chips for companies like Nvidia, AMD, Qualcomm, and Apple. However, TSMC's growth is not expected to outpace Nvidia's due to its diversified business model and slower expansion.
Full articleSummary: Microsoft Corp. is planning to meet with leaders of South Korea's top technology companies to strengthen partnerships in the artificial intelligence business. Key discussions will include joint development and supply of AI chips, AI technology for electronic devices, and business tie-ups in the 5G telecommunications and cloud sectors.
Full articleSummary: An engineering sample GPU named NVIDIA GTX 2070 was recently purchased by a user and features slightly fewer CUDA cores compared to the retail RTX 2070, eventually outperforming the retail model when overclocked. This discovery shows NVIDIA's initial plan to stick to the GTX branding before switching to the RTX branding for ray tracing technologies.
Full articleSummary: KBW analyst maintained a Buy rating on Capital One Financial with a price target of $175.00, Wells Fargo also assigned a Buy rating with a $165.00 price target. The company's shares closed at $142.91.
Full articleSummary: The article discusses how historical dividend streak records may not effectively screen for potential dividend investments compared to analyzing earnings history for companies like Starbucks (NASDAQ: SBUX) in 2015 and today. It showcases a method to estimate future dividends based on earnings growth, categorize business maturity, and evaluate dividend time until payback as a valuation metric.
Full articleSummary: PierSight, an India-based satellite-developer, is partnering with Emerson to reduce cost and risk in space system development and deployment. The company aims to build a constellation of SAR and AIS satellites to monitor oceans for various applications.
Full articleSummary: Microsoft is offering a discounted price of $29.97 for Windows 11 Pro until 4/30, down from the regular price of $199, with enhanced features like Smart App Control, TPM 2.0, and Copilot AI assistance.
Full articleSummary: Raymond James & Associates increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 1.7% in the fourth quarter, owning 86,778 shares worth $990,000. Several other hedge funds have also made changes to their positions in MUJ.
Full articleSummary: Medtronic India has launched NeuroSmartTM Portable Micro Electrode Recording (MER) Navigation system for Deep brain stimulation (DBS) to treat Parkinson’s disease, with Fortis Hospital Bengaluru's Neurology team being the first to use this technology. The advanced system enhances precision during surgery and offers improved outcomes for Parkinson’s patients.
Full articleSummary: Nike is set to lay off approximately 740 employees at its Oregon headquarters as part of a cost-reduction strategy to save $2bn over the next three years. The company previously announced a reduction of approximately 2% of its employees earlier in the year.
Full articleSummary: ROSHN Group has signed a collaboration framework with Cisco to explore using IoT technology in building future-proof, sustainable, and smart buildings.
Full articleSummary: Mechrevo has introduced a new series of high-end gaming laptops, the Kuangshi 16 Super and Yanshi 16 Super Supreme, powered by Intel's latest 14th Gen Core-HX CPUs. These laptops feature water-cooled systems with Intel 55W Core-HX processors and external liquid-cooled radiators, offering options for RTX 4080 and RTX 4090 GPUs.
Full articleSummary: Nike is set to eliminate approximately 740 jobs at its Oregon headquarters as part of cost-cutting plan aimed at achieving $2 billion in savings over the next three years.
Full articleSummary: Nelly Korda makes history by winning her record-tying fifth straight tournament at Chevron Championship. She finishes with a two-stroke victory, becoming the third player in LPGA Tour history to achieve five consecutive wins and secures her second major title. Korda's aggressive play on the final day helped her maintain the lead and secure the victory.
Full articleSummary: Intel has developed the world's largest neuromorphic computer system called Hala Point, containing 1,152 Loihi 2 processors supporting up to 1.15 billion neurons and 128 billion synapses. The hardware achieves high performance while using significantly less energy compared to conventional systems. The system is aimed at enabling real-time continuous learning for AI applications.
Full articleSummary: GoCardless expands partnership with Intuit QuickBooks by introducing a GoCardless app in Australia and the United States. The app enables QuickBooks users to utilize Direct Debit for automatic payments, improving cash flow and reducing late payments. The partnership aims to provide small businesses with greater control of their finances and more secure payment experiences.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon maintains a negative view on Bitcoin, calling it a fraud with no future as a currency despite acknowledging utility in some blockchain applications. In contrast, a Swiss referendum proposes including Bitcoin in national reserves alongside gold.
Full articleSummary: Microsoft has used its Azure HPC service to reduce the design process of its Surface laptop, notably for the hinge, to one iteration and aims to leverage AI for further improvements.
Full articleSummary: GoCardless extended its partnership with Intuit QuickBooks to include Australia and the United States, offering a way for users to collect Direct Debit payments and streamline accounts payable processes. This move expands GoCardless' reach and aims to make life easier for small businesses by improving cash flow and reducing costs.
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