Summary: Fulton Bank, a subsidiary of Fulton Financial Corporation, a $27bn financial services holding company, acquired seized assets and deposits of Republic First from the US Federal Deposit Insurance Corporation. Fulton Financial’s share value increased following the announcement.
Full articleSummary: Eli Lilly, a pharmaceutical giant with a significant market capitalization, has been modest in its share buyback spending, focusing more on developing and selling popular drugs like Zepbound, an FDA-approved diabetes treatment repurposed for weight loss.
Full articleSummary: Intel is facing issues with its 13th- and 14th-gen i9 processors overheating and crashing during gaming, blaming motherboard manufacturers for the problems. Despite attempts to fix the issues with BIOS patches, the root cause is still unidentified. Intel recommends default BIOS settings for operating within their guidelines.
Full articleSummary: Microsoft is rolling out a new offline mode for OneDrive on the web for work and school users, allowing users to access files without an internet connection and providing performance improvements.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon urges investors to prepare for the impact of artificial intelligence (AI) in his annual letter to shareholders. Palantir Technologies (NYSE: PLTR) and Super Micro Computer (NASDAQ: SMCI) are recommended as stocks to buy to profit from the AI revolution.
Full articleSummary: Google NewFront unveiled how Google's Display & Video 360 has evolved to help marketers and media agencies win in the streaming era by unifying video ad buys and understanding audiences better. Marketers who unified their media buying with Display & Video 360 saw a 120% higher return on ad spend compared to third-party video and an 18% higher return than linear TV.
Full articleSummary: Bank of America is planning to open a new location in Whitefish Bay, along with several other branches in the Milwaukee area and Madison. The new location will anchor a mixed-use building that includes apartments.
Full articleSummary: Meta's Threads social network surpassed 150 million monthly users and is launching a limited-time bonus program for creators in the U.S., with potential expansion to other regions based on success.
Full articleSummary: Tether has invested $200 million in Blackrock Neurotech, acquiring a majority stake in the U.S. brain implant company to fund commercialization of its technology that allows controlling computers and prosthetic arms through neural implants.
Full articleSummary: Jefferies updated its outlook on Mohawk Industries, increasing the stock price target to $130.00 from $120.00 while maintaining a Hold rating. The firm sees signs of improvement and believes the company is well-positioned to capitalize on any upturn in demand, despite uncertainty caused by high-interest rates.
Full articleSummary: Comcast (CMCSA) has been on Zacks.com's list of most searched stocks. Zacks Rank #3 (Hold) due to recent changes in consensus estimates. Valued at a discount compared to peers.
Full articleSummary: Starbucks has made significant progress in collective bargaining discussions with Workers United union, focusing on mutual respect and grievance resolution. The retailer also celebrated its first Starbucks Promises Day, showcasing green initiatives and employee recognition.
Full articleSummary: Microsoft and IBM have released the source code for certain versions of DOS, including MS-DOS 4.0, under the open-source MIT license. However, some concerns have been raised regarding the format and handling of the released git files.
Full articleSummary: Deep-pocketed investors have adopted a bearish approach towards RTX as significant options activities were observed with a bearish sentiment prevailing among heavyweight investors. The stock may face potential downward pressure.
Full articleSummary: Boeing has been awarded a $178 million contract from the U.S. Air Force to advance the MH-139A helicopter program, which includes the production of seven aircraft and support for a total of 26 aircraft. The MH-139A is designed to replace the aging UH-1N 'Huey' fleet and offers significant performance improvements.
Full articleSummary: The growth of AI is driving an increase in energy demands, leading to a 4.4% growth in the utilities sector in 2024, with data centres expected to increase power needs by 900%. Goldman Sachs' Power Up America basket surged by 28% in 2024, outperforming the S&P 500 tech sector at 8.3%. Utility companies like Southern Co. and NextEra Energy are crucial in transitioning to renewable energy sources to meet AI-driven demand.
Full articleSummary: Intel is advising motherboard manufacturers to use its recommended BIOS settings by default to address CPU instability issues with 13th and 14th Generation chips. This initiative is intended to prevent performance-enhancing settings that lead to system instability.
Full articleSummary: Coca-Cola Beverages Africa (CCBA) has opened applications for their 2024 Internship Program in Uganda for students in various fields of study.
Full articleSummary: Intel is urging motherboard manufacturers to use its recommended BIOS settings to address CPU instability issues with 13th and 14th Generation chips. The chipmaker is providing default specifications for CPUs and demanding that motherboard vendors offer warnings on performance-enhancing BIOS options to prevent system instability.
Full articleSummary: NHTSA is investigating Ford's BlueCruise driver assistance system following two fatal collisions involving Ford Mustang Mach-E cars colliding with stationary vehicles at night while the system was engaged.
Full articleSummary: Google is investing $3 billion to expand its data center locations in the U.S., with plans to create a new site in Fort Wayne, Indiana, and expand existing campuses in Virginia. The company is also launching funding and training programs to upskill workers in AI technologies.
Full articleSummary: Axel Springer SE and Microsoft Corp. have announced an expanded partnership to leverage AI and digital publishing for supporting independent journalism worldwide.
Full articleSummary: Environmentalists blast Citigroup for funding, insuring, and investing in the climate crisis, pushing banks, insurance companies, and asset managers to end fossil financing.
Full articleSummary: Tesla received key security clearance from China during Elon Musk's visit to boost its fortunes in the biggest electric car market, Tesla's locally produced models meet China's data security requirements, Partnership with Baidu for maps and navigation reported on Monday.
Full articleSummary: Alphabet (GOOGL) reported better-than-expected first quarter earnings, announced a $70 billion stock buyback plan, and approved its first-ever dividend. The stock jumped nearly 15% in after-hours trading, increasing Alphabet's valuation by $196 billion.
Full articleSummary: NVIDIA has started using cut-down AD103 dies in GeForce RTX 4070 GPUs, resulting in 42.5% fewer cores compared to the full die AD104, with necessary memory interface trimming; potential economic measure due to poorly binned dies, impacting performance minimally.
Full articleSummary: Atria Wealth Solutions Inc. increased its position in shares of Colgate-Palmolive (NYSE:CL) by 1.3% during the fourth quarter, adding 500 shares. Several other institutional investors also added to their stakes. Colgate-Palmolive last issued its earnings results on April 26th, beating analysts' consensus estimates. The company announced a quarterly dividend increase from $0.48 to $0.50 per share. Insider transactions involved selling of company stock. Analysts have given the stock an average rating of 'Moderate Buy' with a consensus price target of $89.50.
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