Summary: Victoria & Albert’s at Disney World's Grand Floridian Resort & Spa has become the first theme-park eatery to earn a Michelin star, offering high-priced menus and exclusive dining experience, which has received mixed reactions from the public.
Full articleSummary: Boeing successfully raised $10 billion from public credit markets to address financial woes, including a recent cash burn of nearly $4 billion and the threat of a speculative-grade credit rating from Moody's and S&P.
Full articleSummary: Senior Vice President and General Counsel of Thermo Fisher Scientific Inc. completed a series of transactions involving the company's shares by selling 2,000 shares and exercising options to acquire 2,000 shares. These insider transactions provide insights into executives' perspectives, with Boxer's significant cash-out catching the eye of investors.
Full articleSummary: Stocks closed higher with Dow Jones Industrials gaining 147.4 points. Tesla and Apple saw significant increases in stock prices. Earnings season is in full swing with many major companies surpassing expectations. Federal Reserve meeting scheduled later in the week.
Full articleSummary: Target Corp.'s CEO, Brian Cornell, saw his compensation rise to $19.2 million in 2022, with a significant portion coming in the form of stock awards tied to the company's share price. Despite recent decline in comparable store sales, the CEO remains optimistic about the company's growth potential.
Full articleSummary: Shares of Meta Platforms plunged after the company's higher capital expenditure guidance overshadowed its strong Q1 results. Analysts lowered price targets but remain optimistic about long-term growth.
Full articleSummary: McDonald's faces headwinds in Q1 due to wage inflation, tighter wallets, and global conflict, with expectations of weaker foot traffic. Shares have dropped 8% year-to-date. Analyst sentiment leans negative but sees long-term outperformance potential. Competition intensifies from Wendy's, Burger King, and Taco Bell.
Full articleSummary: China is preparing to give Tesla tentative approval for its Full Self-Driving (FSD) technology, potentially opening the door to new growth catalyst. Marathon Petroleum shares rose 1% ahead of earnings report with expectations of $2.54 per share in earnings.
Full articleSummary: The US NHTSA is investigating Ford's driver-assistance technology BlueCruise after fatal collisions involving Mustang Mach-E electric vehicles. BlueCruise is comparable to Tesla's Autopilot and allows limited hands-free control but still requires driver attention.
Full articleSummary: The advancements in engineering with NVIDIA GPU-accelerated solutions for simulation workloads are explored through benchmarks conducted on various Oracle Cloud Infrastructure (OCI) Compute systems using PreonLab, a meshless CFD package. The results suggest significant performance improvements with GPU-based systems for larger models, and GPU-based systems are generally preferred over CPU-based systems for PreonLab simulations.
Full articleSummary: Meta is offering financial incentives to high-profile creators to post on Threads app, aiming to boost engagement. The bonus program is invite-only and includes increasing payouts and view requirements per post. Threads has gained 20 million users since February, with Meta striving to grow its user base.
Full articleSummary: Tesla CEO Elon Musk's surprise trip to China and his focus on strengthening partnerships in China amid challenges such as declining sales and regulatory hurdles, as well as the company's struggles in competing with advanced Chinese EV makers.
Full articleSummary: Serko Limited signed a five-year contract with Booking.com to continue their successful partnership, focusing on scaling Booking.com for Business and providing an easy-to-use business travel platform.
Full articleSummary: General Dynamics (GD) has been one of the most searched-for stocks on Zacks.com lately, with a focus on the factors shaping its performance in the near term. Revisions to earnings estimates, projected revenue growth, last reported results, and surprise history, along with valuation metrics, provide insights into the stock's potential.
Full articleSummary: Elon Musk secures approval from Chinese government to deploy Tesla's Full Self Driving (Supervised) system in China, boosting Tesla's prospects in the world's largest new car market. This approval is seen as a major opportunity for Tesla to increase revenue and market share in China. Meanwhile, in the US, concerns over the safety of Tesla's Autopilot and Full Self Driving systems are raised by the National Highway Traffic Safety Administration (NHTSA), following investigations into hundreds of crashes and fatalities involving Tesla vehicles.
Full articleSummary: Caterpillar Inc. announced the voluntary delisting of its shares from the regulated market of Euronext in Paris and plans to apply for delisting from the SIX Swiss Exchange. The common stock will continue to trade on the NYSE. Shareholders holding CAT Euronext Shares have the option to participate in a voluntary sales facility to sell their shares on the NYSE.
Full articleSummary: Google Play made multiple errors in referencing various versions of Sonic the Hedgehog in a meme, causing backlash from Sonic fans and prompting community corrections pointing out the inaccuracies in the posts.
Full articleSummary: Boeing firefighters at Renton and Everett picketed after rejecting two contract proposals, citing concerns over pay disparities, lengthy career progression, and safety standards. Union members seek fair compensation, quicker career advancement, and improved staffing levels for firefighting operations.
Full articleSummary: Tesla (TSLA) soared after CEO Elon Musk made an AI boast and a deal with Baidu for Full Self-Driving feature in China. Cathie Wood loaded up on Palantir Technologies (PLTR), Paramoun Global (PARA) CEO stepped down amid merger discussions.
Full articleSummary: Serko Limited has renewed a five-year contract with Booking.com for Business, reflecting successful partnership and commitment to scaling the business travel platform for global users.
Full articleSummary: The U.S. FDA granted full approval to Pfizer's drug Tivdak for treating cervical cancer patients after chemotherapy. Tivdak showed a 30% reduction in the risk of death compared to chemotherapy.
Full articleSummary: Bank of America customers facing issues with account closure and fraud, with one customer successfully recovering money through complaints and another experiencing unauthorized transactions. The bank is also planning to close over 50 branches in 2024.
Full articleSummary: RTX signed a deal with Engie North America to purchase 100% renewable energy to reduce emissions by 46% by 2030, involving wind and solar sources through renewable energy certificates and direct energy purchases, initially sourced from Engie’s Priddy Wind Project.
Full articleSummary: Apple (AAPL) stock is down over 10% in 2024 due to challenges such as increased competition in China affecting iPhone sales. Wall Street is focusing on the upcoming earnings report and eyes on 'Magnificent 7' tech stocks.
Full articleSummary: Amazon employees went undercover on Walmart, eBay, and other marketplaces under the guise of 'Big River' to gather intelligence on competitors.
Full articleSummary: Juniper Networks has hired another Cisco sales veteran, Chad Romero, as the new Area Vice President of Enterprise Sales. This move comes as Juniper prepares to be acquired by Hewlett Packard Enterprise and aims to compete in AI networking against Cisco.
Full articleSummary: Caterpillar Inc. announced the voluntary delisting of its shares from Euronext Paris and plans for delisting from the SIX Swiss Exchange, with the common stock to remain traded on the NYSE. Shareholders have options to keep their CAT Euronext Shares or participate in a voluntary sales facility to sell on the NYSE.
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