Summary: Nvidia Corp. acquires Israeli startups Run:ai and reportedly agreed to purchase Deci AI. Run:ai develops software for AI computing resources and has been a close collaborator with Nvidia since 2020.
Full articleSummary: Apple Card is offering a limited-time promotion where customers can earn up to 10% Daily Cash back on purchases at Nike through Apple Pay until May 2nd, with a maximum cashback of $50.
Full articleSummary: Tesla is making significant advancements in AI technology and future products, including a humanoid robot and a self-driving ride-hailing app.
Full articleSummary: Apple Card offers a limited-time promotion where customers can earn 10% Daily Cash back up to $50 on purchases at Nike when using Apple Card with Apple Pay. The offer is valid from April 25 to May 2.
Full articleSummary: Boeing faces several challenges including reports of mishandling parts, big first quarter loss, and a slowdown in production leading to cash loss. Additionally, Southwest Airlines announces exits from four airports due to Boeing's problems, while the company reports the first revenue decline in 7 quarters despite beating lowered expectations.
Full articleSummary: Bristol-Myers Squibb (NYSE:BMY) stock plummeted over 8% after announcing layoff plans to initiate a cost-cutting operation, expecting $1.5 billion in savings by 2025.
Full articleSummary: HashiCorp is being acquired by IBM for $35 a share, marking a 41.7% premium over its stock price. IBM is aiming to corner the market on enterprise distributed computing by absorbing HashiCorp. The acquisition is expected to have a positive impact on IBM's systems software business.
Full articleSummary: Oracle Financial Services shares declined over 2% after reporting weak Q4 performance. Revenue and income were up on a yearly basis but declined sequentially. Operating margins also decreased for the IT services company.
Full articleSummary: Scotiabank analysts predict a stronger longer-term oil market with increased price assumptions, while Wells Fargo raises Q1 EPS estimates for XOM and maintains positive outlook on the stock. JPMorgan also raises 1Q EPS estimate for CVX and SA contributor believes Chevron is undervalued and presents as an attractive investment opportunity.
Full articleSummary: Unusually large options trading activity with significant increase in put options bought on Gilead Sciences, Inc. Analysts have mixed opinions on the stock with a consensus rating of 'Hold'. Insider selling activity also reported. Hedge funds have made recent moves in Gilead Sciences.
Full articleSummary: IBM announces it will acquire HashiCorp for $6.4 billion, aiming to enhance its hybrid and multi-cloud packages. HashiCorp's suite of products focuses on infrastructure and security lifecycle management. IBM also reported its Q1 2024 financial results, with revenue of $14.5 billion, up one percent year-on-year.
Full articleSummary: Nvidia has agreed to acquire Run:ai, an Israeli startup that offers Kubernetes-based workload management and orchestration software to optimize distributed AI deployments. The acquisition aims to enhance Nvidia's AI infrastructure and product offerings.
Full articleSummary: 1. Honeywell's Aerospace Technologies saw a strong first quarter with 18% organic growth and margins expanding by 150 basis points. Defense & Space segment also performed well driven by robust demand and supply chain improvements. 2. The Industrial Automation segment is expecting a back-half weighted year with sequential growth in Process Solutions and warehouse automation demand showing signs of recovery. 3. Building Automation sales were down 3% organically but long-cycle business remained strong with a focus on productivity actions and commercial excellence to drive margin expansion.
Full articleSummary: Home Depot is bringing back its popular Halloween lawn decorations early, including the iconic 12-foot skeleton 'Skelly' and new companions like a skeleton dog and pirate skeleton.
Full articleSummary: Slowing growth and stubborn inflation in the U.S. economy may lead to policy challenges for the Federal Reserve, with the GDP growing at 1.6% and inflation at a high level. The market experienced a sharp sell-off and revision of Fed rate cut expectations.
Full articleSummary: Analysts have released new ratings on Coca-Cola Europacific Partners (CCEP) and Monster Beverage (MNST). Bonnie Herzog from Goldman Sachs reiterated a Buy rating on CCEP, while Truist Financial analyst Bill Chappell gave a Sell rating to MNST.
Full articleSummary: Salesforce launched new capabilities within its Einstein 1 platform to help banks resolve transaction disputes, including Transaction Dispute Management and Einstein Copilot Banking Actions.
Full articleSummary: Starbucks and Workers United have agreed to begin talks to reach labor agreements after workers voted to unionize at over 370 company-owned stores in the U.S. The process had been contentious with federal courts ordering Starbucks to reinstate fired workers and NLRB issuing complaints against the company for unfair labor practices.
Full articleSummary: Tesla discusses utilizing idle compute power in its vehicles for various purposes, akin to Amazon Web Services (AWS), potentially leading to financial gain in the future.
Full articleSummary: Wells Fargo expands $10,000 Homebuyer Access grant program to additional communities in eight metro areas and eligible areas in New Jersey to increase homeownership opportunities for underserved communities.
Full articleSummary: Ford has been experiencing growth and profitability due to its customer-centered strategy as well as the success of Ford+ initiatives. The company reported increased revenue, net income of $1.3 billion for Q1, and expects continued growth in the coming years.
Full articleSummary: Comcast Corp. reported first-quarter profit of $3.86 billion, beating Wall Street expectations with earnings of $1.04 per share and revenue of $30.06 billion.
Full articleSummary: CVS Health Corporation opened a new workforce development and community resource center in Baton Rouge to help overcome employment barriers and increase access to health care services.
Full articleSummary: Raytheon has been awarded a $344 million contract to create two missile variants - the SM-2 Block IIICU and SM-6 Block IU, both sharing a common guidance section to streamline production. The contract aims to enhance the speed, efficiency, and flexibility of missile production for the U.S. Navy and its allies.
Full articleSummary: Russian court orders seizure of roughly $439.5 million held by VTB Bank in JPMorgan Chase accounts in the country due to ongoing legal battle related to Russia's invasion of Ukraine and sanctions, leading to lawsuits between the two banks.
Full articleSummary: The Chairman of Charles Schwab sold 89,275 shares of company stock in a transaction, declared a quarterly dividend, and recent analyst ratings have been mixed.
Full articleSummary: Coca-Cola signs a $1.1 billion, 5-year partnership with Microsoft to utilize AI in streamlining operations and improving productivity. Coca-Cola plans to move its applications to Microsoft's Azure cloud platform and explore AI-powered digital assistants.
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