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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...
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.
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...
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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US STOCKS-Wall St rises as Big Tech charges higher
US STOCKS-Wall St rises as Big Tech charges higher
Apr 26, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * March PCE data in line with estimates * Intel ( INTC ) down after dour Q2 forecast * Indexes up: Dow 0.25%, S&P 0.71%, Nasdaq 1.33% (Updated at 9:43 a.m. ET/1343 GMT) By Shristi Achar A and Shashwat Chauhan...
US STOCKS SNAPSHOT-Wall St opens higher; Alphabet tops $2 trillion in market value
US STOCKS SNAPSHOT-Wall St opens higher; Alphabet tops $2 trillion in market value
Apr 26, 2024
April 26 (Reuters) - U.S. stocks opened higher on Friday on megacaps' boost after robust quarterly results from Alphabet pushed its market value over $2 trillion, while an in-line reading for a key inflation print calmed jitters around elevated interest rates. The Dow Jones Industrial Average rose 28.9 points, or 0.08%, at the open to 38,114.7. The S&P 500 rose...
US Stocks Higher Following PCE Inflation Data; Nasdaq Jumps Over 200 Points
US Stocks Higher Following PCE Inflation Data; Nasdaq Jumps Over 200 Points
Apr 26, 2024
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining by more than 200 points on Friday. Following the market opening Friday, the Dow traded up 0.20% to 38,162.13 while the NASDAQ rose 1.36% to 15,823.47. The S&P 500 also fell, dropping, 0.73% to 5,085.46. Check This Out: Top 4 Materials Stocks That May Explode In Q2 Leading and...
Sector Update: Energy Stocks Decline Pre-Bell Friday
Sector Update: Energy Stocks Decline Pre-Bell Friday
Apr 26, 2024
09:21 AM EDT, 04/26/2024 (MT Newswires) -- Energy stocks were declining pre-bell Friday with the Energy Select Sector SPDR Fund ( XLE ) 0.6% lower recently. The United States Oil Fund ( USO ) was 0.7% higher and the United States Natural Gas Fund ( UNG ) was down 2.4%. Front-month US West Texas Intermediate crude oil was up 0.7%...
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US examines equity stake in chip makers for CHIPS Act cash grants, sources say
US examines equity stake in chip makers for CHIPS Act cash grants, sources say
Aug 20, 2025
By Andrea Shalal, David Shepardson, Nandita Bose and Max A. Cherney WASHINGTON/SAN FRANCISCO (Reuters) -U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip companies in exchange for grants under the CHIPS Act that was meant to spur factory-building around the country, two sources said. As part of a plan...
Sales of foreign-branded phones in China down 31.3% in June, data shows
Sales of foreign-branded phones in China down 31.3% in June, data shows
Aug 20, 2025
BEIJING, Aug 20 (Reuters) - Sales of foreign-branded phones, including Apple Inc's ( AAPL ) iPhone, declined 31.3% year-on-year in China in June, according to Reuters' calculations based on data released on Wednesday by a government-affiliated research firm. The shipments of foreign-branded phones had slid to 1.971 million units in June, from 2.869 million handsets the same month a year...
EliseAI raises $250 million in a16z-led round to expand in healthcare
EliseAI raises $250 million in a16z-led round to expand in healthcare
Aug 20, 2025
* EliseAI valued at over $2.2 billion after funding round * Funding to fuel product innovation and team expansion * Focus on healthcare and housing industry automation By Krystal Hu Aug 20 (Reuters) - Enterprise software maker EliseAI has raised $250 million in a Series E funding round to expand its automation tools for the healthcare and housing industries, the...
Sales of foreign-branded phones in China down 31.3% in June, data shows
Sales of foreign-branded phones in China down 31.3% in June, data shows
Aug 20, 2025
BEIJING (Reuters) -Sales of foreign-branded phones, including Apple Inc's iPhone, declined 31.3% year-on-year in China in June, according to Reuters' calculations based on data released on Wednesday by a government-affiliated research firm. The shipments of foreign-branded phones had slid to 1.971 million units in June, from 2.869 million handsets the same month a year earlier, calculations based on the data...
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Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Strattec Fiscal Q4 Adjusted EPS Falls, Sales Rise; Shares Up After Hours
Strattec Fiscal Q4 Adjusted EPS Falls, Sales Rise; Shares Up After Hours
Aug 14, 2025
05:09 PM EDT, 08/14/2025 (MT Newswires) -- Strattec Security ( STRT ) reported fiscal Q4 adjusted earnings late Thursday of $2.06 per diluted share, down from $2.42 a year earlier. One analyst polled by FactSet expected $1.07. Net sales for the quarter ended June 29 were $152 million, up from $143.1 million a year earlier. A single analyst surveyed by...
Lyft co-founders to step down from ride-hailing firm's board
Lyft co-founders to step down from ride-hailing firm's board
Aug 14, 2025
(Reuters) -Lyft said on Thursday its co-founders Logan Green and John Zimmer are stepping down from the ride-hailing services provider's board, following the completion of a two-year transition plan. Green and Zimmer began serving as the chair and vice chair of Lyft's board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who...
Unitil to Raise $65 Million in Registered Stock Offering
Unitil to Raise $65 Million in Registered Stock Offering
Aug 14, 2025
05:08 PM EDT, 08/14/2025 (MT Newswires) -- Unitil ( UTL ) said Thursday it is launching a registered offering of $65 million in common stock. Underwriters have been given the option to buy up to an additional $9.8 million in shares, the company said. Unitil ( UTL ) plans to use the funds to invest in its utility subsidiaries, repay...
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We Asked ChatGPT if Ripple (XRP) Can Reach $1T Market Cap This Cycle
We Asked ChatGPT if Ripple (XRP) Can Reach $1T Market Cap This Cycle
Dec 14, 2024
TL:DR; Ripples cross-border token became one of the best performers in the cryptocurrency market on a monthly scale at one point, but can it go even higher? ChatGPT and Perplexity weigh in on the factors needed for its market cap to skyrocket to the $1 trillion mark. XRP at $1T? Recall the price developments around XRP shortly after Donald Trump...
Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report
Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report
Dec 13, 2024
Electric Capitals 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers. The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase. Rise in Developer Activity The report, released on December 12, looked...
Bitcoin Price Analysis: BTC Breaks Above $100K, Is $120K Next?
Bitcoin Price Analysis: BTC Breaks Above $100K, Is $120K Next?
Dec 14, 2024
Bitcoin’s price is on the verge of decisively breaking out from the $100K resistance level as investors are getting ready for a potential rally higher. Is a new all-time high on the horizon? Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has consistently been making higher highs and lows since rebounding from the...
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Dec 13, 2024
It hasnt been a particularly fun week in the cryptocurrency industry as the majority of the market is trading in the red. The losses are mostly tolerable, although some altcoins definitely feel the pressure. But lets start with Bitcoin, as always. The primary cryptocurrency saw a week full of volatility. During the weekend, it increased above $101,000 but as soon...
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