California wine giant Gallo is laying off more than 90 employees and closing a major Napa Valley wine-making facility. The Modesto company said Thursday the cuts are necessary to adapt to market dynamics and changing customer demands. In total, 93 employees across five sites will lose their jobs, according to a Worker Adjustment and Retraining Notice the company filed with the state last week. ...
S&P above 7,200 ATH. CAT +9%: record $63B backlog, +22% rev, AI power deal. LLY +7%: rev +56%, Mounjaro +125%, EPS beat 26%, FY raised $2B, Foundayo approved. MA: beat but Iran travel drag, −2%. April best month since 2020. SKORE: LLY 8.7 · CAT 8.5 · MA 7.0.
Oil $107 (+7%). Powell's final presser. Four Mag7 report: GOOGL +10% (Cloud +63%, backlog $460B), AMZN +5% (AWS +28%, 15-qtr high), MSFT −4% ($190B capex), META −8% (3rd capex raise, Iran DAP dip). SKORE: GOOGL 8.6 · AMZN 8.4 · MSFT 7.8 · META 6.8
The Day The Memecoin Dies Submitted by QTR's Fringe Finance I opened Twitter this morning and saw a photo of a group of guys, lanyards swinging, hoodies zipped, shuffling off to a “memecoin conference.” Which is to say we have reached the point in the batshit insanity cycle
DALLAS, TX - Ai Consulting Group, a premier technology firm specializing in high-level artificial intelligence marketing solutions, officially announced today the expansion of its proprietary AI implementation framework. As the global economy enters a pivotal era of automation, the Dallas-based Read Full Article →
