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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.
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....
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
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Smart Money Is Betting Big In MSFT Options
Smart Money Is Betting Big In MSFT Options
Feb 25, 2025
Investors with a lot of money to spend have taken a bearish stance on Microsoft ( MSFT ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...
Dassault Systèmes partners with Apple to put industrial 3D software on Vision Pro
Dassault Systèmes partners with Apple to put industrial 3D software on Vision Pro
Feb 25, 2025
(Reuters) - Dassault Systèmes on Tuesday said that it has worked with Apple ( AAPL ) to integrate Apple's ( AAPL ) Vision Pro into its 3D software, which is widely used in manufacturing, life sciences and urban planning. France-based Dassault Systèmes has hundreds of thousands of customers who use its software to design cars, airplanes and factories, according to...
WiseTech Global names billionaire founder Richard White executive chairman
WiseTech Global names billionaire founder Richard White executive chairman
Feb 25, 2025
(Reuters) - Australian logistics software maker WiseTech Global ( WTCHF ) appointed Richard White as its executive chairman on Wednesday, even as the firm's board and investors remain split over the billionaire founder's role following a flurry of controversies. Earlier in the week, four non-executive directors announced their departure from the firm, owing to differing views around White's role in...
Intel says new ASML machines are in production, with positive results
Intel says new ASML machines are in production, with positive results
Feb 25, 2025
(In paragraph 9, please read Intel ( INTC ) is using 18A manufacturing technology to test the high NA tools, not using high NA machines to develop 18A manufacturing technology) By Stephen Nellis SAN JOSE, California, Feb 24 (Reuters) - Intel ( INTC ) on Monday said that the first two cutting-edge lithography machines from ASML Holding are in production...
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Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
FedEx jumps on profit beat, improved margins in its largest unit
FedEx jumps on profit beat, improved margins in its largest unit
Mar 22, 2024
(Reuters) - FedEx ( FDX ) shares surged in premarket trading on Friday after the parcel giant beat estimates for quarterly profit and reported a higher operating margin at Express, its largest unit. Shares of the company rose 12.4% to $297.75 before the bell, with rival UPS up 3.5%. FedEx ( FDX ) has taken several measures to protect margins...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
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8
8
May 23, 2024
The total net inflow for spot Bitcoin ETFs on May 22 was $154 million, continuing an eight-day streak of positive inflows. Meanwhile, the Grayscale Bitcoin Trust (GBTC) ETF experienced an outflow of $16.0914 million. BlackRock’s iShares Bitcoin Trust (IBIT) had a single-day inflow of $91.9527 million, and Fidelity’s FBTC ETF saw an inflow of $74.572 million. Ark Invest’s ARKB also...
Bybit CEO Ben Zhou Denies Insolvency Rumors
Bybit CEO Ben Zhou Denies Insolvency Rumors
May 23, 2024
Ben Zhou, CEO of cryptocurrency exchange Bybit, has addressed circulating rumors about the platforms hacking and insolvency. He denied all insolvency rumors and shared evidence of Bybit’s financial holdings and crypto assets. Bybit CEO Shares Proof-of-Reserves In a May 23 X post, Zhou denied the allegations, asserting that they have no factual basis. None of the rumours that I have...
Pre
Pre
May 23, 2024
All eyes in the cryptocurrency community are set on the US Securities and Exchange Commission and its upcoming decision about VanEcks Ethereum ETF application. As it happened earlier this year when Bitcoin was in focus, the pre-decision volatility has already started with notable price declines for the top assets. CryptoPotato reported on Monday the positive winds of change in the...
These USDT and USDC Factors Suggest Upcoming Bitcoin Rally: Data
These USDT and USDC Factors Suggest Upcoming Bitcoin Rally: Data
May 23, 2024
The latest market recovery has sparked concerns about a potential retracement. But a new analysis offers a reassuring perspective for those who are apprehensive. According to Santiment, the growing number of non-empty stablecoin wallets indicates increased investor interest and engagement in stable assets. Growing Confidence in Stablecoins During Market Recovery Specifically, in 2024, the number of non-empty USDC wallets increased...
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