Editor

Trend Micro taps Nvidia software tools for AI cybersecurity offering

By Stephen Nellis (Reuters) – Trend Micro on Sunday said it is working with Nvidia to create new cybersecurity tools that use artificial intelligence and are designed to protect the data centers where AI work happens. The tools, which Trend Micro planned to show at the Computex conference in Taiwan beginning on Sunday, will be capable of running on Nvidia’s chips and are designed to detect intruders and make sure that data is only seen … Read more…

Boeing’s Starliner capsule set for launch of first crewed space flight

By Joey Roulette and Steve Gorman CAPE CANAVERAL, Florida (Reuters) – Boeing’s new Starliner astronaut capsule is poised for launch on Saturday in a much-delayed first crewed test flight, a milestone in the beleaguered aerospace giant’s aim to compete with Elon Musk’s SpaceX in the astronaut launch business. The CST-100 Starliner with two astronauts aboard is due for liftoff at 12:25 p.m. ET (1625 GMT) from NASA’s Kennedy Space Center in Florida, strapped to an … Read more…

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Fed seen more likely to cut rates in Sept after PCE data

(Reuters) – The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S. Commerce Department report showed inflation made a bit of progress toward the Fed’s 2% goal last month and spending softened, traders expect. After the data, traders priced in about a 53% chance of a rate cut in September, versus about 49% before the report. The report showed the core personal consumption expenditures price index, which the … Read more…

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Tesla shareholder sues Musk for alleged $7.5 billion insider trading

(Reuters) – A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit filed in Delaware Chancery Court, said that Tesla’s share price plummeted after the company’s fourth-quarter numbers were made public … Read more…

Delta Air Lines committed to Boeing MAX 10, doesn’t expect delivery soon

By Lisa Barrington DUBAI (Reuters) – Delta Air Lines is still committed to the Boeing 737 MAX 10 model that it has on order for deliveries beginning next year, even though it does not anticipate receiving the aircraft for some time, CEO Ed Bastian said on Saturday. Delta, one of the largest U.S. airlines, operates a large mixed fleet including planes from Airbus and Boeing, which is engulfed in a quality and corporate crisis. Bastian … Read more…

The Invested Consumer – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) The Bull keeps charging on with popular high-techs leading the way! All three indexes, the Dow Jones Industrial Average, the S&P 500 and the heavy tech Nasdaq Composite are cresting new highs weekly. Even the small cap Russell 2000 with value companies is ‘on-the-bandwagon.’ The U.S. investor, and small time consumer want a piece of the exploding techs. The market has been robust with consumer friendly stocks many of … Read more…

Stocks lose steam after U.S. data

By Sinéad Carew and Huw Jones LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed modest U.S. inflation in April, while the dollar fell with Treasury yields as investors still bet on Fed interest rate cuts this year. The U.S. Commerce Department said the personal consumption expenditures (PCE) price index, widely seen as the Fed’s favoured inflation indicator, increased 0.3% last month, in line with expectations and the March … Read more…

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Tesla to recall 125,227 vehicles over faulty seat belt warning system

(Reuters) -Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted. The recall affects certain 2012-2024 … Read more…

Trump conviction gives some Republicans pause in key Pennsylvania county

By Nathan Layne BANGOR, Pennsylvania (Reuters) – Bronwen Brown, a registered Republican in a bellwether Pennsylvania county, was ready to vote for Donald Trump again in November despite long-held reservations about his character. His conviction by a New York jury has given her pause. “He’s been found guilty on all 34 counts. Do I want to go with that? Probably not,” the 72-year-old former opera singer told Reuters minutes after Trump became the first former … Read more…

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Nvidia set to overtake Apple as world’s second-most valuable company

By Medha Singh (Reuters) – Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades. The reliance of virtually all artificial intelligence applications such as OpenAI’s ChatGPT on Nvidia’s high-end chips has helped the stock nearly triple in value over the past year to $2.72 trillion. In contrast, Apple ceded its No. 1 spot … Read more…

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