Summary: Rumors swirling around TikTok's ownership in the U.S. after President Joe Biden signed the 'divest or ban' TikTok bill, with potential buyers speculated to be Amazon, Apple, and Oracle.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon expressed caution about the US economy, mentioning the possibility of stagflation and uncertainty about a soft landing amidst persistent high inflation. He also stressed the importance of the Federal Reserve's independence.
Full articleSummary: IBM is taking Zurich-based startup LzLabs to court, alleging unlawful use of its software for migrating from IBM mainframe to open source alternatives. LzLabs denies the allegations and the case could be a benchmark for how startups challenge legacy technology. Legal battle to last eight weeks.
Full articleSummary: Investors continue to focus on artificial intelligence theme, mega-cap tech firms contribute significantly to market gains, Franklin Global Growth portfolio manager discusses various aspects of AI theme and investment strategies.
Full articleSummary: NVIDIA is considering building its second R&D center in Taiwan, two years after investing $715 million for its first center in Taiwan, citing the high quality of talent and favorable investment environment in Taiwan.
Full articleSummary: Portland State University (PSU) has paused accepting gifts and grants from Boeing until an ethical examination is conducted amidst nationwide protests against Israel's war in Gaza. PSU President Ann Cudd stated that despite minimal financial involvement with Boeing, demands from campus community led to reevaluation.
Full articleSummary: Multiple incidents involving Boeing aircraft have raised concerns about passenger safety and trust in the company. A history of cultural shifts towards profit focus, competition with Airbus leading to rushed decisions like the 737Max, and compromising quality over haste have contributed to these issues.
Full articleSummary: Tesla's China-made vehicles have had restrictions removed after passing data security requirements, including those related to government properties. Other electric vehicles in China also met these regulations.
Full articleSummary: Pfizer acquires Mylan in an all-stock deal to combine generic pharmaceutical businesses, creating a new global health champion with operations in multiple countries.
Full articleSummary: Telenor Group and Cisco are launching 'WorkingGroupTwo' (WG2), a new business entity aiming to accelerate product innovation and reduce time to market for mobile operators.
Full articleSummary: Alphabet, Google's parent company, achieves a $2 trillion market capitalisation for the first time, becoming the world's fourth most valuable public company. Sundar Pichai highlighted the success of Google Cloud and announced an expansion of the stock repurchase program by $70 billion.
Full articleSummary: Salesforce (NYSE: CRM) has shown exceptional growth since its IPO in 2004, turning a $10,000 investment into over $1 million today. The company's revenue rose at a CAGR of 34% and net income at 61% from fiscal 2004 to fiscal 2024.
Full articleSummary: PayPal (NASDAQ: PYPL) has fallen drastically after slashing growth forecasts and changing its approach to growth, going from fast-growing tech company to value stock. However, its valuation is appealing, prompting a revaluation by investors.
Full articleSummary: Tobacco company shares have historically been popular with investors due to high margins, strong cash flow, and high dividends, leading to bullish sentiment from analysts. Goldman Sachs analyst Bonnie Herzog reiterated a buy recommendation for Philip Morris International (NYSE: PM) with a $118 price target, implying a 24% upside in the next 12 months.
Full articleSummary: President Biden signed H.R. 815 into law, banning TikTok unless ByteDance's U.S. subsidiary is divested to an American owner, benefiting Meta Platforms and potentially Alphabet.
Full articleSummary: Raytheon Technologies Corp.'s business unit Pratt and Whitney secured a $887.9 million modification contract for the F135 propulsion system, bolstering growth prospects with steady F-35 jet orders and benefiting peers like Lockheed Martin, Northrop Grumman, and BAE Systems.
Full articleSummary: Intel blames motherboard makers for stability issues with its latest 13th and 14th Gen Raptor Lake CPUs, while also pointing out the pushing for higher clock speeds over stability. Motherboard manufacturers have been disabling important safeguards.
Full articleSummary: The SPARKLE Intel Arc A770 ROC OC Edition 16GB is a new compact and more affordable model of Intel's flagship Arc A770 GPU, priced around $300. Its twin-fan design is praised for build quality, style, and thermal performance.
Full articleSummary: Eli Lilly's drug therapy Tirzepatide, with positive results from late-stage studies for obstructive sleep apnea, is gaining investor attention.
Full articleSummary: Nvidia's GPU-powered technology, particularly used for artificial intelligence applications, has propelled the company's market valuation to over $2 trillion, making it one of the four U.S. companies to achieve this milestone. Nvidia continues to innovate, with the recent unveiling of Blackwell, its latest and fastest GPU chip designed for AI.
Full articleSummary: China's EV market is becoming increasingly competitive with about 123 car companies selling electric vehicles in 2023. Despite the stiff competition, only a few brands such as BYD, Aion, Wuling, and Tesla managed to sell more than 400,000 vehicles each in China that year.
Full articleSummary: PepsiCo (PEP) closed with a -0.48% change, outperforming the broader market's losses. Analysts anticipate stable EPS and revenue for the next quarter. PepsiCo currently holds a Zacks Rank #3 (Hold) with a Forward P/E ratio of 23.76.
Full articleSummary: Positive start for Asian stocks ahead of Federal Reserve's policy meeting, dollar breaks past 160 yen mark, oil prices tick down on expectations of higher U.S. interest rates and potential Gaza ceasefire news.
Full articleSummary: The Ministry of Health Brazil deployed Oracle Healthcare Master Person Index on Oracle engineered systems to improve care quality and reduce costs, creating a national electronic health record system. The implementation is the largest Enterprise Master Person Index (EMPI) in the world.
Full articleSummary: Google fired more anti-Israel activist employees following protests against contracts with the Israeli government. The termination occurred after investigations into employees who had their identities partly concealed during protests.
Full articleSummary: Reports on children living with veterans with PTSD, Nvidia CEO discussing the AI future, and military families in Hawaii affected by tainted water from jet fuel.
Full articleSummary: Kraft Heinz’s mio introduces TAP, a faucet that turns tap water into a hydrating energy drink, catering to consumer demands for a simpler and healthier alternative to traditional energy drinks.
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