Summary: Oracle and Nvidia are partnering to offer Nvidia AI Enterprise on Oracle Cloud Infrastructure Supercluster to U.S. government customers in the Oracle U.S. Government Cloud region. The solution aims to address the security and compliance requirements of sovereign AI initiatives by providing access to Nvidia's AI technology and Oracle's cloud infrastructure. It offers a full-stack accelerated computing platform for the training and deployment of AI models in a secure and dedicated environment.
Full articleSummary: Oracle and Nvidia announced the availability of Nvidia AI Enterprise on Oracle Cloud Infrastructure Supercluster in the Oracle U.S. Government Cloud region, enabling U.S. government customers to train and deploy AI solutions with access to Oracle's services and Nvidia A100 and H100 Tensor Core GPUs. The solution is focused on meeting security and sovereign AI requirements for government agencies.
Full articleSummary: Infobip enhances its relationship with Oracle by becoming an Independent Software Vendor (ISV) with access to Oracle Integration Cloud, allowing businesses to access Infobip's omnichannel platform through Oracle Cloud Marketplace to improve customer satisfaction and campaign performance.
Full articleSummary: Caterpillar delivered mixed first-quarter results and warned of demand softness in the quarters to come, leading to a 9% drop in shares on Thursday morning. Despite beating earnings estimates, lower sales volume and future sales expectations caused disappointment among investors.
Full articleSummary: Chevron launches production at Tengiz oilfield expansion project in Kazakhstan, boosting crude oil output by 260,000 barrels per day. Chevron is making significant progress towards the Future Growth Project with partners Exxon Mobil and KazMunayGas. Kazakhstan under pressure to compensate for overproduction in OPEC+ first quarter quota responsibilities.
Full articleSummary: Nike is set to release the Air Max 90 "USA" this summer with a patriotic color scheme and unique design details, aiming to make the shoe more accessible to consumers.
Full articleSummary: Bristol Myers Squibb posted first-quarter revenues of $11.9 billion, beating consensus, driven by Eliquis, Reblozyl, and Opdualag; Adjusted EPS loss reported; Company executing a cost-saving initiative; Investors concerned about new product portfolio performance; 2024 adjusted EPS guidance revised significantly downward.
Full articleSummary: Wall Street was rattled by a sharp slowdown in economic growth and stubborn inflation, causing treasuries to sell off and equities to struggle. Traders are uncertain about the path of Federal Reserve policy amidst stagflation fears, with expectations of rate cuts being pushed back and mixed sentiments on stock market outlook.
Full articleSummary: Ford reported Q1 adjusted EPS of 49 cents, beating estimates but down from 63 cents year-over-year. Revenues increased by 3.1% to $42.8 billion. The company's outlook for adjusted EBIT remained unchanged at $10-$12 billion for full-year 2024.
Full articleSummary: Comparison between the Apple Watch Series 9 and Apple Watch Ultra 2 covering design, display, performance, fitness features, software, and battery life.
Full articleSummary: NASA astronauts Butch Wilmore and Suni Williams arrived at Kennedy Space Center to launch aboard Boeing's Starliner capsule for a weeklong shakedown cruise to the International Space Station on May 6, 2024.
Full articleSummary: Apple Card users can get extra Daily Cash back this week for Nike purchases through a special Apple Pay promotion.
Full articleSummary: The demand for silicones improved both upstream and downstream. The downstream markets driving the growth include wire and cable, automotive, personal care, industrial and chemical processing, mobility, consumer electronics, and infrastructure.
Full articleSummary: Legal action has been taken by GSK against Pfizer and BioNTech in a Delaware federal court, alleging patent infringement on mRNA technology used in COVID-19 vaccines. GSK seeks monetary damages and ongoing patent licensing fees. Moderna is also involved in a patent trial against Pfizer and BioNTech in London.
Full articleSummary: Caterpillar reported strong profits in the first quarter with record shareholder payouts driven by price hikes, but lower volumes. The company foresees moderate benefits from price increases throughout the year as costs remain flat.
Full articleSummary: Nvidia has been performing exceptionally well in the AI chip market with impressive growth in sales and share price, but due to its high valuation, it might not be the best time to buy more shares. Instead, considering Autodesk and Intel as alternative investments in the AI space.
Full articleSummary: Southwest Airlines reported wider loss for Q1 and warned of growth hampering due to Boeing's delays.
Full articleSummary: Union Pacific (UNP) managed to grow net income in a flat revenue environment, beating Wall Street's expectations, as lower costs offset higher expenses. CEO's cost-cutting measures have shown results in improved efficiency and productivity.
Full articleSummary: Chevron Corporation (Symbol: CVX) was yielding above the 4% mark based on its quarterly dividend, making it an attractive option for investors. CVX has been consistently growing its dividend for more than 20 years.
Full articleSummary: Microsoft Corp. and Alphabet Inc. are due to deliver pivotal reports after Meta Platforms Inc. alarmed investors with its forecast, providing insight into AI adoption and growth prospects.
Full articleSummary: Disney Plus has become a powerhouse in the streaming service universe, offering a wide array of iconic content including Marvel and Star Wars series. Some of the popular original TV series on Disney Plus include Doctor Who, Andor, Percy Jackson, The Mandalorian, What If...?, X-Men '97, Echo, and Bluey.
Full articleSummary: CVS Health announced the opening of a new workforce development and community resource center in Baton Rouge to help overcome employment barriers and increase access to local health care services.
Full articleSummary: IBM's consulting business is facing pressure from enterprises tightening their budgets due to an uncertain economy and high interest rates. Despite software growth and a $6.4 billion deal to purchase cloud software company HashiCorp, IBM reported lower-than-expected total revenue of $14.46 billion, leading to an 8% drop in stock value in premarket trading.
Full articleSummary: Gilead Sciences stock was down 2.6% ahead of its quarterly results, with expectations of a decrease in revenue and a loss in earnings. The company has a history of beating earnings expectations. Analyst recommendations include 13 'strong buy' or 'buy' ratings, 19 'hold' ratings, and no 'sell' or 'strong sell' ratings. The stock has a median 12-month price target of $80.00.
Full articleSummary: Meta Platforms Inc. alarmed investors with its forecast, Microsoft Corp. and Alphabet Inc. are preparing to unveil results related to AI adoption and growth potential, scrutiny is intense after Meta's stock selloff.
Full articleSummary: Lowe's is offering discounts on grills and outdoor cooking essentials during the Springfest Sale, with savings on various items like gas grills, charcoal grills, and smart grills with Wi-Fi and Bluetooth Wireless Technology.
Full articleSummary: Tesla Inc. shares jumped 12% following a stellar earnings report, prompting Bank of America to upgrade the stock to 'Buy'. Positive factors include operational efficiencies, strategic new model releases, advancements in autonomous driving technology, and plans to license Full Self-Driving (FSD) technology.
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