🍗 Google vs Nvidia in the A.I Race, Who's Winning?
Welcome to Morning Tendies, the only newsletter that feels better than hitting the perfect swish… I’m talking when the net makes the swish noise and everything.
Are you reading this while not subscribed? How Dare You…
Join 500+ investors & traders and read our daily email that keeps you ahead of the curve 👇
Also, we recently switched our mailing address to: “[email protected]”
This has led to some of our emails being sent to your junk, promotions, or spam folder.
To fix this:
Gmail Users: Move us to your primary inbox
Apple Mail Users: Tap on our email address at the top of this email (next to "From:" on mobile) and click "Add to VIPs"
Using Another Platform? Follow these instructions
*If you still need help, just reply to this email and our customer service will help you*
Okay, enough of that boring stuff. Let’s get into it:
FedEx $4 Billion in Cost Cuts, BlackRock hired by the U.S. Government to help facilitate the sale of $114 Billion in Securities, Google’s A.I Supercomputer is better than Nvidias?
Let’s dive in!!!
✉️ FedEx (FDX) announces $4B cost cutting plan. FedEx will merge the majority of its ground, air, and other operations. FedEx Express, Ground, Services, and other FedEx operating companies will join into a single entity by June 2024 in a companywide reorganization.
FedEx Freight will continue to operate as a stand-alone company within FedEx.
FedEx also announced that its dividends will be boosted by 10%, to 44 cents per share.
(Also back in September, FedEx announced it was addressing rising expenses, which included the closure of 5 corporate offices and 90 office locations)
💵 BlackRock (BLK) hired by the U.S. Government to sell $114B in securities. BlackRock has been hired as an adviser by the U.S. Government to help facilitate the sale of $114 Billion in securities that were held by failed banks, Signature Bank and Silicon Valley Bank
🤖 Google (GOOGL) claims its newest A.I supercomputer, beats Nvidia (NVDA). Google has claimed, when comparing similar systems, its systems are 1.2-1.7x faster & 1.3-1.9x less power than Nvidia A100
What Else Is Happening?
Private sector job growth tumbles in March to 145,000, worse than expected: ADP - FB
SeaDrill (SDRL) rises as it closes Aquadrill deal and discloses Elliott Management stake - MW
Goldman Sachs (GS) fined $3M by FINRA over mismarking short sale orders - RT
Amazon (AMZN) shutting down its global online bookseller - FB
Cash App founder dead: Bob Lee dies after San Francisco stabbing - BBC
Western Alliance Bancorp (WAL) deposits fall 11% on U.S. banking crisis fallout - RT
Amazon (AMZN), Microsoft (MSFT) cloud services could face U.K. antitrust probe - MW
Palantir (PLTR) and Microsoft (MSFT) expand cloud partnership to public sector - PR
Costco (COST) stock falls after first monthly same-store sales drop in nearly 3 years - MW
AbbVie (ABBV) lowers guidance range after potential $150 million charge - MW
Lumentum (LITE) stock sinks nearly 10% after forecast revision - MW
Bed Bath & Beyond (BBBY) enters into $120M merchandise agreement in bid to stave off bankruptcy - FB
🏛 Economic Events Today (EST)
8:30 AM - Jobless Claims
10:00 AM - Fed President Bullard speaks
🍗 Tendie Time
*A Roundup of Stuff We Find Interesting, Informative, or Just Plain Funny*
Quote of the Day:
“Enjoy the journey and try to get better every day. And don’t lose the passion and the love for what you do”
😂 Meme Refresher
That pretty much wraps it up for today!!
Please let us know what you thought about today’s edition ↓
Follow us on Twitter for Real-Time Market Updates ↓
Question of the day: If you were gifted $1 Million, what would you do with it?
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research