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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...
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.
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
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....
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What's Going On With Arm Holdings Stock?
What's Going On With Arm Holdings Stock?
Jul 5, 2024
Arm Holdings Plc ( ARM ) shares are trading higher on above-average volume Friday. Here's a look at what's going on.  What To Know: Arm shares have gained more than 30% over the past month, and the stock joined the Nasdaq 100 Index at the end of June. Arm CFO Jason Child highlighted the importance of Arm as industries adopt...
Crypto Shares Fall as Bitcoin Slumps
Crypto Shares Fall as Bitcoin Slumps
Jul 5, 2024
10:24 AM EDT, 07/05/2024 (MT Newswires) -- Cryptocurrency stocks fell in recent Friday trading as bitcoin slumped. MicroStrategy ( MSTR ) tumbled 6.7%, Coinbase (COIN) dropped 4.3%, Robinhood (HOOD) declined 2.8%, Marathon Digital ( MARA ) fell 5.7% and Riot Platforms ( RIOT ) shed 3.7%. Bitcoin touched $53,523, the lowest since February, and was headed for the biggest weekly...
Wall Street set for higher open after job growth moderates
Wall Street set for higher open after job growth moderates
Jul 5, 2024
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) - Wall Street's main indexes were on track to open higher on Friday as markets reopened after the July 4 holiday, with data showing that U.S. job growth slowed to a still-healthy pace in June. The Labor Department's report showed non-farm payrolls rose by 206,000 jobs in June, higher than the expected...
US STOCKS-Nasdaq gains on megacap boost as markets assess payrolls data
US STOCKS-Nasdaq gains on megacap boost as markets assess payrolls data
Jul 5, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * U.S. unemployment rate rises to 4.1% * All three major indexes set for weekly gains * Macy's up on report Arkhouse, Brigade Capital raise buyout offer * Indexes: Dow down 0.08%, S&P flat, Nasdaq up 0.23% (Updated at 9:50...
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Market Whales and Their Recent Bets on IBM Options
Market Whales and Their Recent Bets on IBM Options
Aug 9, 2024
Financial giants have made a conspicuous bullish move on IBM ( IBM ). Our analysis of options history for IBM ( IBM ) revealed 18 unusual trades. Delving into the details, we found 44% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $874,878, and 2...
DevRev raises over $100 mln in Series A, joins AI unicorn Club
DevRev raises over $100 mln in Series A, joins AI unicorn Club
Aug 9, 2024
Aug 9 (Reuters) - Customer relationship software firm DevRev has raised $100.8 million in series A funding round from Khosla Ventures and others, as interest in firms utilizing artificial intelligence continues to grow. The latest funding round has brought the Palo Alto-based company's valuation to $1.15 billion, marking its entry into the unicorn club. WHY IT MATTERS The AI boom...
$1000 Invested In Guidewire Software 10 Years Ago Would Be Worth This Much Today
$1000 Invested In Guidewire Software 10 Years Ago Would Be Worth This Much Today
Aug 9, 2024
Guidewire Software ( GWRE ) has outperformed the market over the past 10 years by 2.46% on an annualized basis producing an average annual return of 12.99%. Currently, Guidewire Software ( GWRE ) has a market capitalization of $11.97 billion. Buying $1000 In GWRE: If an investor had bought $1000 of GWRE stock 10 years ago, it would be worth...
Abu Dhabi's ADQ, Sotheby's majority owner Drahi to invest $1 billion in auction house
Abu Dhabi's ADQ, Sotheby's majority owner Drahi to invest $1 billion in auction house
Aug 9, 2024
DUBAI (Reuters) -Abu Dhabi wealth fund ADQ and Sotheby's majority owner Patrick Drahi will invest $1 billion in the auction house in a deal that will see ADQ acquire a minority stake in the company, the fund and Sotheby's said on Friday. French-Israeli billionaire Drahi, who founded telecoms group Altice, has been struggling with soaring debt costs because of a...
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Update: Market Chatter: Google Ad Tech Unlikely to be Severed From Alphabet by EU Regulators
Update: Market Chatter: Google Ad Tech Unlikely to be Severed From Alphabet by EU Regulators
Sep 16, 2024
07:40 AM EDT, 09/16/2024 (MT Newswires) -- (Updates with the European Commission's response to a request for comment in the fourth paragraph.) The European Commission is weighing whether to acquire Alphabet's (GOOG, GOOGL) Google ( GOOG ) to end its anti-competitive practices in its ad tech business but is unlikely to order a breakup as previously cautioned, Reuters reported Friday,...
Exclusive-Credit Agricole CIB chooses carbon trading over gold, sources say
Exclusive-Credit Agricole CIB chooses carbon trading over gold, sources say
Sep 16, 2024
LONDON (Reuters) - France's second largest listed bank Credit Agricole has decided to replace precious metals with trading in the regulated carbon markets starting from 2025, three sources with knowledge of the matter told Reuters. The move signals the increasing attraction of the world's most valuable carbon market - the EU Emissions Trading System (ETS) - to European banks. Credit...
RXO Completes Acquisition of Coyote Logistics for $1.03 Billion
RXO Completes Acquisition of Coyote Logistics for $1.03 Billion
Sep 16, 2024
07:40 AM EDT, 09/16/2024 (MT Newswires) -- RXO (RXO) said Monday that it completed its acquisition of Coyote Logistics from UPS for $1.03 billion, making it the third-largest brokered transportation provider in North America. With this acquisition, the company said it now offers increased network density and additional power lanes for customers, including access to more customers with opportunities to...
BRIEF-Mattr Signs Definitive Agreement To Sell Its Brazilian Pipe Coating Business To Vallourec For US$17.5M
BRIEF-Mattr Signs Definitive Agreement To Sell Its Brazilian Pipe Coating Business To Vallourec For US$17.5M
Sep 16, 2024
Sept 16 (Reuters) - Mattr Corp ( MTTRF ): * MATTR SIGNS DEFINITIVE AGREEMENT TO SELL ITS BRAZILIAN PIPE COATING BUSINESS TO VALLOUREC FOR US$17.5M Source text for Eikon: Further company coverage: ...
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Bitcoin (BTC) Stopped Ahead of $70K, Pepe (PEPE) Resumes Bull Run (Market Watch)
Bitcoin (BTC) Stopped Ahead of $70K, Pepe (PEPE) Resumes Bull Run (Market Watch)
May 31, 2024
Bitcoins price went on a volatile ride in the past 24 hours by dumping to $67,100 and later skyrocketing to almost $70,000 before it was stopped. The altcoins are with minor gains overnight, while Pepe has resumed its bullish trajectory with a 9% daily surge. BTCs Down and Up and Down Ride After a quiet weekend in which BTC stood...
SEC Deadline: Ethereum ETF Issuers Must Submit Draft S
SEC Deadline: Ethereum ETF Issuers Must Submit Draft S
May 31, 2024
According to sources familiar with the matter, the SEC has instructed prospective issuers to submit amended S-1 forms by Friday, May 31st. This follows the approval of the 19b-4 forms on May 23, marking a significant milestone in the process. Spot Ethereum ETF Approval Progresses The recent approval of the 19b-4 forms marked a significant milestone, achieved through a last-minute...
Shiba Inu Blasts Through Another Huge Milestone, What About SHIB’s Price? (Details)
Shiba Inu Blasts Through Another Huge Milestone, What About SHIB’s Price? (Details)
May 31, 2024
TL;DR Shiba Inus Shibarium hit a new milestone in terms of total blocks processed on the network. Additionally, SHIBs burn rate surged by 350%, aiming to reduce supply and potentially increase value. Shibarium Keeps Progressing Shiba Inus layer-2 scaling solution Shibarium made the headlines again after completing another major achievement. The latest data shows that the total blocks processed on...
Massive Meme Coin Volatility Following Donald Trump’s Conviction in Hush Money Trial: Details
Massive Meme Coin Volatility Following Donald Trump’s Conviction in Hush Money Trial: Details
May 30, 2024
TL;DR Donald Trump was found guilty of 34 charges related to falsifying business records in a hush-money trial involving porn star Stormy Daniels. His conviction was followed by volatility in meme coins linked to him and Joe Biden. Trump Found Guilty A Manhattan jury found Donald Trump guilty of all 34 charges of falsifying business records on Thursday (May 30)....
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