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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.
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...
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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Software firm ServiceTitan prices US IPO above range to raise about $625 mln
Software firm ServiceTitan prices US IPO above range to raise about $625 mln
Dec 11, 2024
Dec 11 (Reuters) - ServiceTitan priced its U.S. initial public offering at $71 per share, above its indicated range of $65 to $67, raising $624.8 million, the software company said on Wednesday. (Reporting by Pritam Biswas and Nilutpal Timsina in Bengaluru; Editing by Varun H K) ...
Samsung accuses India antitrust body of detaining employees, seizing data unlawfully
Samsung accuses India antitrust body of detaining employees, seizing data unlawfully
Dec 12, 2024
* Samsung embroiled in India antitrust probe of Amazon ( AMZN ), Flipkart * Asks court to quash evidences seized from three employees * Antitrust probe found breaches of competition law By Arpan Chaturvedi and Aditya Kalra NEW DELHI, Dec 12 (Reuters) - Samsung has accused India's competition watchdog of unlawfully detaining its employees and seizing data in a raid...
Tenstorrent, Hyundai-backed BOS unveil automotive AI chips
Tenstorrent, Hyundai-backed BOS unveil automotive AI chips
Dec 12, 2024
SEOUL, Dec 12 (Reuters) - Canadian startup Tenstorrent and BOS Semiconductors, a South Korean chip startup backed by Hyundai Motor Group, unveiled on Thursday artificial intelligence (AI) chips used for in-vehicle infotainment and autonomous driving. As autos increasingly become 'computers on wheels', demand has grown for AI chips to handle high performance workloads necessary for complex features. The chips are...
'Fortnite' maker Epic brings game store to millions of Android devices with Telefonica tie-up
'Fortnite' maker Epic brings game store to millions of Android devices with Telefonica tie-up
Dec 12, 2024
(Reuters) - Telecom giant Telefonica is partnering with Epic Games to bring the Fortnite video game maker's marketplace app directly to millions of devices on the Spanish company's network, the companies said on Thursday. The marketplace app, called Epic Games Store, will be pre-installed on all new compatible Android devices operating on the Telefonica network across regions including Spain, UK,...
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AI startup Anthropic to raise $2 billion at $60 billion valuation, sources say
AI startup Anthropic to raise $2 billion at $60 billion valuation, sources say
Jan 7, 2025
Jan 7 (Reuters) - AI startup Anthropic is near a deal to raise an additional $2 billion at a price that values the company at $60 billion, sources said, months after its $4 billion funding from Amazon ( AMZN ). Venture capital firm Lightspeed Venture Partners is leading the funding round, according to the sources, who requested anonymity to discuss...
AI startup Anthropic to raise $2 billion at $60 billion valuation, sources say
AI startup Anthropic to raise $2 billion at $60 billion valuation, sources say
Jan 7, 2025
(Reuters) -AI startup Anthropic is near a deal to raise an additional $2 billion at a price that values the company at $60 billion, sources said, months after its $4 billion funding from Amazon. Venture capital firm Lightspeed Venture Partners is leading the funding round, according to the sources, who requested anonymity to discuss private matters. The new funding, $6...
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
Jan 7, 2025
SEOUL (Reuters) -Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia. The world's largest memory chip, smartphone and TV maker estimated an operating profit of 6.5 trillion won ($4.47 billion) for the three months ended Dec. 31, versus...
Honda executive cautious about new EV production ahead of Trump presidency
Honda executive cautious about new EV production ahead of Trump presidency
Jan 7, 2025
LAS VEGAS (Reuters) -Honda Motor will be cautious about starting production of new electric vehicles due to uncertainty about President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday. The remarks from the second-biggest Japanese carmaker highlight how global businesses are staying vigilant against the unpredictable U.S. policies as Trump takes office on Jan. 20....
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US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near
US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near
Mar 15, 2024
US Dollar Price, Analysis, and Charts Major central bank policy decisions next week.US dollar index nears a cluster of resistance points.British Pound edging lower ahead of UK inflation report. Recommended by Nick Cawley Building Confidence in Trading The latest US PPI report showed that wholesale inflation remains sticky, denting the recent disinflation story. US y/y inflation rose 1.6% in February,...
Bitcoin Price Prediction: What’s the Next Target and is a Liquidity Crisis Coming?
Bitcoin Price Prediction: What’s the Next Target and is a Liquidity Crisis Coming?
Mar 15, 2024
The price of Bitcoin (BTC) has reached new all-time highs much faster than analysts had expected. A substantial upswing kicked off a few weeks after the approval of the Bitcoin Spot ETF. BTC started the week with an intense burst of volatility, as it topped $73K, tumbled to $69K, and then climbed its way back above $70K — all in...
Will Bitcoin Enter The Danger Zone as Fed Rate Decision Looms ?
Will Bitcoin Enter The Danger Zone as Fed Rate Decision Looms ?
Mar 18, 2024
“Its officially Fed week, the week weve all been waiting for,” exclaimed macroeconomics outlet The Kobeissi Letter on March 17. The US Central Bank will make its highly anticipated announcement on March 20, which will set the tone for the USs economic outlook going forward. Key Events This Week: 1. Housing Starts data Tuesday 2. Fed Interest Rate Decision Wednesday...
Shiba Inu (SHIB) Explodes 13% Overnight but Rival Meme Coin Outperforms
Shiba Inu (SHIB) Explodes 13% Overnight but Rival Meme Coin Outperforms
Mar 18, 2024
Meme coins are back at it with significant gains throughout the past 24 hours. The market is recovering, in general, but some meme coins are undoubtedly performing better than the rest. Shiba Inu (SHIB) is up a whopping 13% over the past 24 hours, trading at slightly below $0.0003. The cryptocurrency remains down some 10% on the weekly chart, outlining...
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