Summary: Microsoft and IBM have decided to open-source the 1988 operating system MS-DOS 4.0 under the MIT License, which was known for its significant memory usage issues and program freezing. The source code, alongside additional beta binaries, PDFs of the documentation, and disk images, has been made available by Microsoft.
Full articleSummary: U.S. equities gained at midday driven by strong tech earnings, with the Nasdaq jumping 2%, and S&P 500 adding 1%. Alphabet shares reached an all-time high after beating estimates and announcing a dividend and stock buyback program. Intel's stock declined due to weak guidance caused by increased competition, and ExxonMobil and Phillips 66 shares slipped due to lower refining margins.
Full articleSummary: Boeing 747-8 experienced a turbulent landing at Los Angeles International Airport, bouncing along the runway and making a safe landing after the second attempt.
Full articleSummary: The DVD business has been facing challenges, with Target potentially exiting physical media sales by 2025. This follows previous exits by Netflix and Best Buy, leaving Walmart as the last major retailer stocking DVDs.
Full articleSummary: Proposed expansion of the SunRail public transportation to Orlando International Airport and tourist attractions such as Disney World could increase ridership significantly, but at a high cost of $4 billion for the full expansion or $400 million for a smaller plan. Funding would come from local sources, state support, and federal grants.
Full articleSummary: Shortage of planes delivered by Boeing leading to Southwest Airlines ending services at certain airports in North America.
Full articleSummary: Alphabet stock moved sharply higher after an earnings report beat expectations with 15% revenue growth and the launch of its first dividend, with positive reactions and price target increases by multiple research firms. The company is seen as turning a new page and leading in the AI race.
Full articleSummary: Intel is facing issues with its 13th and 14th generation K-CPUs due to challenges related to overclocking and exceeding specified limits, leading to instability. Motherboard manufacturers are releasing BIOS patches to address these issues.
Full articleSummary: Microsoft and Alphabet beat earnings forecasts, Intel and Boyd Gaming gave disappointing forecasts, Snap and Skechers beat estimates, Columbia Sportswear exceeded expectations, Saia Inc. missed forecasts
Full articleSummary: Oracle Financial Services Software reported full-year results slightly below expectations, with lower-than-expected statutory earnings. Revenue forecasts for 2025 were trimmed, but earnings per share predictions remained steady. The consensus price target increased by 24%, indicating confidence in the business performance despite lower revenue forecasts.
Full articleSummary: Coca-Cola and PepsiCo identified as top contributors to global plastic pollution, research involved over 100,000 volunteers cataloging 1.8 million pieces of plastic waste, top offenders also include Nestle and Danone.
Full articleSummary: IBM, Government of Canada, and Government of Quebec signed agreements to strengthen Canada's semiconductor industry by investing up to $187M CAD to progress chip packaging capacity and capabilities, as well as to advance R&D at IBM Canada's Bromont plant.
Full articleSummary: Tech stocks, especially Alphabet, experienced gains leading to a rally in SP500 and NASDAQ indices. While PCE Price Index and Personal Spending increased, putting pressure on the Fed to tackle inflation, Dow Jones faced a setback due to a sell-off in Intel stock.
Full articleSummary: Microsoft and Alphabet reported impressive growth in their second-quarter earnings, driven by significant investments in artificial intelligence (AI). Microsoft's revenue increased by 17%, reaching $61.9 billion, with a 20% surge in profits, while Alphabet's quarterly sales reached $80.5 billion, a 15% increase, with profit surging by 36% to $23.7 billion. Both companies saw substantial success due to their AI integrations.
Full articleSummary: Alphabet (GOOGL) beat Q1 earnings estimates with revenue of $80.5 billion, up 15% YoY. YouTube ad revenue grew by 21% and Google Cloud segment revenue jumped 28% YoY. Alphabet introduced $0.20 cash dividend and initiated a $70 billion buyback scheme.
Full articleSummary: U.S. stocks traded higher with the S&P 500 gaining around 1% on Friday, Exxon Mobil Corporation reported downbeat earnings for its first quarter, and several equities traded up and down amidst the market fluctuations.
Full articleSummary: Major indexes are rising due to better-than-expected quarterly results from Alphabet (GOOG, GOOGL) and Microsoft (MSFT), reflecting investor confidence in artificial intelligence. Wall Street is also considering an inflation report, but it is not expected to impact rate cut expectations. Trending tickers: Intel (INTC), Snap (SNAP), AbbVie (ABBV).
Full articleSummary: Ford, Mazda, Toyota, and Honda are all making moves in the electric vehicle space despite challenges, including Ford reporting a massive loss on EVs for the first quarter of the year.
Full articleSummary: Anti-Israel protests escalate, 1Q GDP slows with higher inflation, Biden plans tax hikes, Trump makes stops, Tesla's performance scrutinized, Google's stocks soar, Oracle relocates HQ, Express closes stores
Full articleSummary: Blackrock's moves in the cryptocurrency market are expected to benefit certain altcoins, with BlastUP standing out as a project with promising growth potential. Other altcoins such as MATIC, ONDO, AVAX, and NEAR are also gaining attention but may not see major short-term gains.
Full articleSummary: Microsoft and Alphabet reported quarterly earnings that beat expectations, attributing their profits to investments in AI. Analysts believe this will be a lucrative opportunity for the companies as they showcased the benefits of AI investments. Microsoft saw a 20% increase in profits while Alphabet reported a 57% increase.
Full articleSummary: BNY Mellon has disclosed investments in Bitcoin spot ETFs, alongside news of Morgan Stanley's potential involvement in Bitcoin ETFs, signaling increasing institutional interest in cryptocurrency.
Full articleSummary: Starbucks held contract negotiations with Workers United union to guide union organizing and collective bargaining across the country. More than 420 Starbucks stores in the U.S. have voted to unionize since 2021.
Full articleSummary: The stock market rallied strongly last week on big-cap earnings, with tech stocks like Nvidia, Broadcom and Astera Labs flashing buy signals. The major indexes are all below their 50-day moving averages and could be impacted by the upcoming earnings reports. Investors are advised to exercise caution amidst the bullishness.
Full articleSummary: The Department of Homeland Security announced the creation of a new Artificial Intelligence Safety and Security Board to guide the usage of AI within U.S. critical infrastructure.
Full articleSummary: BlackRock, Inc. (BLK) shares rose 0.6% during trading on Friday, with positive analyst upgrades and strong quarterly earnings results beating consensus estimates. Institutional trading activity showed several large investors making changes to their positions.
Full articleSummary: PayPal Holdings Inc. (PYPL) stock price was up 1.6% during mid-day trading on Friday. Several equities analysts have recently shared their ratings and price targets on PYPL stock. The company also reported its quarterly earnings results, beating analysts' estimates. Institutional investors have made changes to their positions in the stock.
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