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Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
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Sector Update: Health Care
Sector Update: Health Care
Mar 21, 2024
03:42 PM EDT, 03/21/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) rising 0.3%. The iShares Biotechnology ETF (IBB) climbed 0.9%. In corporate news, Eledon Pharmaceuticals ( ELDN ) shares surged 12% after it said its tegoprubart monoclonal antibody was used...
Japan's Nikkei hits record high on Wall Street gains, weaker yen
Japan's Nikkei hits record high on Wall Street gains, weaker yen
Mar 21, 2024
TOKYO, March 22 (Reuters) - Japan's Nikkei share average hit a record high on Friday, underpinned by the strength on Wall Street overnight and as a weaker yen prompted investors to buy automakers. The Nikkei rose to as high as 41,087.75 earlier in the session, crossing the 41,000 level for the first time. The index ended 0.07% higher at 40,844.53...
Investor Optimism Improves Slightly; Dow Jumps Over 250 Points
Investor Optimism Improves Slightly; Dow Jumps Over 250 Points
Mar 22, 2024
The CNN Money Fear and Greed index showed a slight increase in the overall market sentiment on Thursday. U.S. stocks closed higher on Thursday, extending gains recorded in the previous session. The Fed kept interest rates unchanged Wednesday between 5.25% and 5.5% at its March meeting, as widely expected by investors, confirming intentions to lower the cost of money in the...
Japan's Nikkei ends at record high on Wall Street gains, weaker yen
Japan's Nikkei ends at record high on Wall Street gains, weaker yen
Mar 22, 2024
(Updates to closing prices) TOKYO, March 22 (Reuters) - Japan's Nikkei share average closed at an all-time high on Friday, underpinned by record gains on Wall Street overnight and strength in automakers' stocks on a weaker yen. The Nikkei rose 0.18% to end at 40,888.43, after hitting 41,087.75 earlier in the session to break an all-time intraday high. The index,...
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Activist Starboard launches proxy battle at Autodesk; to nominate directors
Activist Starboard launches proxy battle at Autodesk; to nominate directors
Mar 19, 2025
March 19 (Reuters) - Starboard Value is launching a boardroom battle at Autodesk ( ADSK ) and is looking to nominate directors to its board, the activist investor said on Wednesday, intensifying a prolonged struggle to effect changes at the design software maker. Starboard, which held Autodesk ( ADSK ) shares worth more than $300 million as of December 31,...
How to rebuild your emergency savings
How to rebuild your emergency savings
Mar 19, 2025
Although inflation has decreased considerably after peaking in mid-2022, the costs of many necessities remain stubbornly high. For instance, Americans continue to pay significantly higher prices on shelter, energy and food than they did a year ago, according to the Bureau of Labor Statistics' monthly consumer price index (CPI) report. With the higher costs of living, many Americans have had...
Activist Starboard launches proxy battle at Autodesk
Activist Starboard launches proxy battle at Autodesk
Mar 19, 2025
March 19 (Reuters) - Starboard Value is launching a boardroom battle at Autodesk ( ADSK ) and is looking to nominate directors to its board, the activist investor said on Wednesday, intensifying a prolonged struggle to effect changes at the design software maker. ...
A Glimpse Into The Expert Outlook On Bitdeer Technologies Through 13 Analysts
A Glimpse Into The Expert Outlook On Bitdeer Technologies Through 13 Analysts
Mar 19, 2025
13 analysts have shared their evaluations of Bitdeer Technologies ( BTDR ) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 12...
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Update: Insperity Shares Gain After Q4 Results Beat Expectations
Update: Insperity Shares Gain After Q4 Results Beat Expectations
Feb 10, 2025
11:33 AM EST, 02/10/2025 (MT Newswires) -- (Updates with latest stock price movement in the headline and first paragraph.) Insperity ( NSP ) shares were up over 12% in recent Monday trading after the company's Q4 results topped Wall Street's expectations. The company reported Q4 adjusted earnings Monday of $0.05 per diluted share, down from $0.75 a year earlier. Analysts...
Tempur Sealy's Mattress Firm Deal Could Deliver Higher Synergies Than Expected, Wedbush Says
Tempur Sealy's Mattress Firm Deal Could Deliver Higher Synergies Than Expected, Wedbush Says
Feb 10, 2025
11:33 AM EST, 02/10/2025 (MT Newswires) -- Tempur Sealy International's ( TPX ) acquisition of Mattress Firm could generate significantly more synergies than the initially estimated $100 million, Wedbush Securities said in a Monday note. The company completed its $5 billion acquisition of Mattress Firm Group last week and hosted an investor call on Thursday. While Tempur did not explicitly...
Capri's Potential Recovery Tied to Sale of Jimmy Choo, Versace Brands, BofA Says
Capri's Potential Recovery Tied to Sale of Jimmy Choo, Versace Brands, BofA Says
Feb 10, 2025
11:31 AM EST, 02/10/2025 (MT Newswires) -- Capri Holdings' ( CPRI ) earnings and sales have fallen for the past nine quarters, however, there's potential for recovery if the company sells non-core brands and focuses more on its core brand, Michael Kors, BofA Securities said in a note Monday. The analysts said they expect non-core brands Jimmy Choo and Versace...
French antitrust agency probing Microsoft over Bing access, Bloomberg reports
French antitrust agency probing Microsoft over Bing access, Bloomberg reports
Feb 10, 2025
PARIS (Reuters) - France's antitrust agency is investigating Microsoft ( MSFT ) over concerns that it is degrading the quality of results when smaller rivals pay to use Bing technology in their own search-engine products, Bloomberg reported on Monday. The competition authority declined to comment, citing a policy of not publicly speaking about investigations that were underway. A Microsoft (...
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