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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....
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.
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.
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Sector Update: Tech
Sector Update: Tech
Jan 17, 2025
01:43 PM EST, 01/17/2025 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.7% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.3%. The Philadelphia Semiconductor index popped 2.7%. In sector news, the US Supreme Court will allow a ban on TikTok to take effect as scheduled on Sunday after rejecting...
Top Midday Stories: Novo Nordisk's Ozempic, Wegovy Among Drugs Chosen for US Medicare Price Talks; Supreme Court Allows TikTok Ban to Take Effect
Top Midday Stories: Novo Nordisk's Ozempic, Wegovy Among Drugs Chosen for US Medicare Price Talks; Supreme Court Allows TikTok Ban to Take Effect
Jan 17, 2025
12:14 PM EST, 01/17/2025 (MT Newswires) -- Wall Street's major market averages were higher around midday Friday ahead of a long Martin Luther King, Jr. holiday weekend and the inauguration of President-elect Donald Trump. In company news, Novo Nordisk ( NVO ) shares slid 4.8% after the Department of Health and Human Services said that the company's Ozempic, Wegovy and...
Exchange-Traded Funds, US Equities Rise at Midday Friday
Exchange-Traded Funds, US Equities Rise at Midday Friday
Jan 17, 2025
01:09 PM EST, 01/17/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) climbed 1.8%. US equity indexes rose at midday Friday as housing starts jumped, industrial production growth beat forecasts, and the International Monetary Fund increased its global growth estimate for this year. Energy iShares US Energy ETF (IYE)...
Sector Update: Energy
Sector Update: Energy
Jan 17, 2025
01:43 PM EST, 01/17/2025 (MT Newswires) -- Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index up 0.5% and the Energy Select Sector SPDR Fund (XLE) rising 0.8%. The Philadelphia Oil Service Sector index climbed 2.1%, and the Dow Jones US Utilities index added 0.3%. Front-month West Texas Intermediate crude oil was declining 0.5% to $78.26 a...
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GlobalFoundries boosts investment plans to $16 billion, with research focus
GlobalFoundries boosts investment plans to $16 billion, with research focus
Jun 4, 2025
SAN FRANCISCO (Reuters) -Chip manufacturer GlobalFoundries said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip technologies. The Malta, New York-based company said it is working with the Trump administration to bring chip manufacturing technology and various components of that...
Rivian EVs Just Got Smarter: New App Tracks Energy Use And Speeds Up Charging
Rivian EVs Just Got Smarter: New App Tracks Energy Use And Speeds Up Charging
Jun 4, 2025
Rivian Automotive ( RIVN ) is revamping the charging experience for its electric vehicle customers. The EV maker is launching a software update to its vehicles and smartphone app, offering more transparency about energy consumption and faster charging speeds, the Verge reported on Tuesday. Rivian’s Energy app will now include “Charging” for energy intake and “Energy Monitor” for energy output....
Domino's Pizza price suffers from negative pressures - Forecast today - 04-06-2025
Domino's Pizza price suffers from negative pressures - Forecast today - 04-06-2025
Jun 4, 2025
Dominos Pizzas stock price (DPZ) fell in latest intraday trading, amid negative pressure due to trading below the 50-day SMA, with negative signals from the Stochastic despite reaching oversold levels, ending hopes of a correctional rise that dominated the stock in the short term. Therefore we expect more losses for the price, provided it settles below $470.00, targeting the first...
GlobalFoundries boosts investment plans to $16 billion, with research focus
GlobalFoundries boosts investment plans to $16 billion, with research focus
Jun 4, 2025
SAN FRANCISCO, June 4 (Reuters) - Chip manufacturer GlobalFoundries ( GFS ) said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip technologies. The Malta, New York-based company said it is working with the Trump administration to bring chip manufacturing...
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Litecoin Steals the Show as Bitcoin Recovers From 2
Litecoin Steals the Show as Bitcoin Recovers From 2
Feb 19, 2025
Bitcoins underwhelming price actions drove the asset south to a two-week low of $93,500 yesterday, but it managed to react well and now sits almost three grand higher. Most altcoins have also bounced off following yesterdays crash, but LTC has taken the main stage by outperforming the rest. BTC Recovers Ever since the surge toward $99,000 on Valentines Day, the...
February Could Kickstart Altseason if History Rhymes: Analysts 
February Could Kickstart Altseason if History Rhymes: Analysts 
Feb 18, 2025
Crypto markets are down again today, with total capitalization having lost around 3% over the past 24 hours in a fall to $3.24 trillion. As usual, the brunt of the losses is from altcoins, which have continued to bleed for most of this month. Nevertheless, February has usually been a pivotal period for altcoins and markets in general if past...
Ethereum (ETH) Gas Fees Hit Record Lows – A Warning Sign or a Bullish Opportunity?
Ethereum (ETH) Gas Fees Hit Record Lows – A Warning Sign or a Bullish Opportunity?
Feb 19, 2025
Ethereum transaction fees have dropped significantly. The average transfer cost currently sits at $0.41, compared to the $15.21 peak seen over the last two years. This could be an opportunity for investors. Lower Ethereum Fees According to Santiments latest analysis, lower fees generally indicate that the network isnt congested. When transaction costs are minimal, it suggests that traders view prices...
Cardano Transaction Fees Jump 254% QoQ as ADA Price and Activity Soar
Cardano Transaction Fees Jump 254% QoQ as ADA Price and Activity Soar
Feb 18, 2025
Cardano (ADA) saw its price surge by 126% in Q4 2024, while its market capitalization grew to $30.3 billion. This price jump triggered ADAs circulating market cap rank from 11th to 9th. The increases in both price and market cap aligned with the US election in November and the broader rally of cryptocurrencies. As such, Messaris latest report also highlights...
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