Summary: Intel published a research paper on probing single electrons across 300-mm spin qubit wafers, demonstrating state-of-the-art uniformity, fidelity, and measurement statistics of spin qubits, paving the way for mass production and scaling of silicon-based quantum processors.
Full articleSummary: Microsoft has agreed to invest $10 billion in renewable electricity projects with Brookfield Asset Management, signing a 'global framework agreement' to bring 10.5 gigawatts of generating capacity online through new wind and solar farms in the US and Europe. The deal is about eight times larger than the previous record-setting corporate renewable electricity purchase agreement.
Full articleSummary: Comcast has stopped airing Bally Sports coverage of local sports teams, making it challenging for Xfinity subscribers to watch Detroit sports like the Tigers, Red Wings, and Pistons.
Full articleSummary: Securitize secures a $47 million funding round led by BlackRock to support expansion and innovation. BlackRock launches tokenized fund BUIDL in collaboration with Securitize offering investor-friendly features. Securitize receives support from various prominent investors for driving digitization of capital markets through tokenization.
Full articleSummary: Analysts at Loop Capital Markets and JMP Securities maintained ratings on Alphabet Class A (GOOGL), with Loop Capital Markets giving a Hold rating and JMP Securities giving a Buy rating. The company's shares closed at $162.78, with a one-year high of $174.71 and a one-year low of $103.71. Alphabet Class A is primarily driven by Google's online advertising revenue.
Full articleSummary: The article discusses the characteristics and historical background of the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) and its comparison to the S&P 500 ETF in terms of composition and methodology. It suggests that the Dow, with its stable and diversified portfolio, may outperform the S&P 500 in the long run due to the latter's vulnerability from a high concentration of tech stocks.
Full articleSummary: Microsoft admits that April's Windows update can potentially cause VPN connection failures, impacting security and non-security preview updates for Windows 10 and 11. The issue is being worked on, and no workaround has been published yet.
Full articleSummary: Razer is currently running a sale that offers $600 off the Razer Blade 15 gaming laptop with Nvidia GeForce RTX 4060 graphics card. The discounted price is $1,899 down from $2,499, making it a compelling purchase for gamers. The laptop features powerful specifications including an Intel Raptor Lake CPU, 16GB of RAM, 1TB of storage, and a QHD 240Hz display.
Full articleSummary: Tesla stock tumbled 4.9% after layoff announcement, causing investor concerns.
Full articleSummary: Pfizer reported strong Q1 2024 financials with a 20% decrease in revenue mainly due to lower sales of its COVID-19 products, Comirnaty and Paxlovid. The company saw growth in its non-COVID product portfolio, including blood thinner Eliquis and newly approved RSV vaccine, Abrysvo. Pfizer also raised its full-year earnings outlook and cost savings target for 2024.
Full articleSummary: Simon Property (SPG) is predicted to post quarterly earnings of $2.80 per share, reflecting an increase of 2.2% compared to the same period last year. Revenues are forecasted to be $1.41 billion, a year-over-year increase of 4.2%. Analysts have revised EPS estimate downward by 0.2% over the last 30 days. Multiple key company metrics have been forecasted by analysts, including 'Revenue- Management fees and other revenues', 'Revenue- Other income', and 'Revenue- Lease income'. Simon Property shares have recorded a -6.3% return over the past month.
Full articleSummary: Cloud infrastructure startup CoreWeave valued at $19 billion, up from $7 billion months ago, after raising $1.1 billion in funding. It aims to expand data center infrastructure globally to compete with major technology companies such as Amazon and Google.
Full articleSummary: Starbucks shares plunged 15% in early trading after reporting weaker-than-expected quarterly earnings and warning of continued underperformance in 2024 due to various factors including low consumer confidence and high unemployment.
Full articleSummary: Boeing has successfully tested updates for crewed-uncrewed technology with F/A-18 Super Hornet and MQ-25 Stingray, showcasing improved software capabilities for future US Navy deployment.
Full articleSummary: Google services including Google Search, Google Maps, and others experienced outage with users reporting 502 Bad Gateway error, frustrations have been shown worldwide with reports from multiple countries and almost 2000 users, outage lasted about an hour.
Full articleSummary: Apple may increase the prices of iPhone 16 models due to more expensive components and higher production costs, but there are also rumors suggesting prices could be lower if manufacturing costs for the A17 Bionic chipsets are reduced.
Full articleSummary: Costco members can take advantage of notable deals on several all-electric models from Volvo and Polestar through July 31, 2024.
Full articleSummary: American stocks were mixed as investors awaited the latest Federal Reserve decision, with the Dow Jones rising but the S&P 500 and Nasdaq 100 indices falling. The earnings season has been successful, with companies like Starbucks experiencing price drops while Root and Pinterest saw increases. Moody's (MCO) stock price plunged ahead of its earnings, Booking Holdings (BKNG) stock price also fell, and DraftKings (DKNG) stock price crashed. Amgen stock price collapsed indicating a correction in the market.
Full articleSummary: The U.S. stock market continues to climb with the Wilshire 5000 Index returning approximately 20% in the past year. Despite lower market-wide dividend yields, there are quality dividend stocks with yields above 4%. Bristol-Myers Squibb (BMY) reported solid revenue improvements and earnings results, with strong potential for future growth and undervaluation. Kraft Heinz (KHC) reported a decline in revenues but beats earnings estimates, focusing on avenues for future growth. FirstEnergy Corp. (FE) announced Q4 and full-year results, showing a slight decrease in revenues but growth in adjusted EPS along with a positive outlook for dividend safety and growth.
Full articleSummary: NHTSA and Ford are recalling 2022 to 2024 Ford Mavericks — 242,669 of them — due to taillights not working properly, which could increase the risk of accidents. The issue is with the body control module not sending proper current for the dual bulbs in each light.
Full articleSummary: Dow and Procter & Gamble announced a joint development agreement to create a new recycling technology focused on converting hard-to-recycle plastic packaging into recycled polyethylene with low greenhouse gas emissions footprint.
Full articleSummary: Martinelli's apple juice recalled due to high arsenic levels, affecting a single lot distributed to major retailers like Whole Foods and Kroger.
Full articleSummary: John Deere launches John Deere Operations Center PRO Golf, an upgraded remote management system for golf course professionals, integrated with comprehensive labor and fleet management capabilities.
Full articleSummary: Wall Street analyst Toni Sacconaghi upgraded Apple stock to 'buy' with a price target of $195, citing a potential 15% gain over the next 12 months from Tuesday's closing price. Sacconaghi believes that current fears regarding Apple's growth and Chinese market performance are overblown and that the company's long-term outlook remains positive due to upcoming product releases and services.
Full articleSummary: Kraft Heinz shares dropped over 6% after reporting first-quarter results that missed estimates, attributing decline in sales and volume/mix to higher prices and SNAP benefits reduction.
Full articleSummary: Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. due to tail lights not illuminating properly. The company will update the software at no cost to owners to fix the issue, with no reported crashes or injuries so far.
Full articleSummary: Recent zero-day attacks have targeted Palo Alto Networks, Cisco ASA, and MITRE, posing significant risks to organizations' cybersecurity. These attacks exploit newly discovered vulnerabilities to gain unauthorized access and execute malicious code on affected networks.
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