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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....
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.
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Exchange-Traded Funds, US Equities Decline Following Wholesale Price Inflation Data
Exchange-Traded Funds, US Equities Decline Following Wholesale Price Inflation Data
Mar 14, 2024
01:15 PM EDT, 03/14/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading lower. Actively-traded Invesco QQQ Trust (QQQ) was down 0.4%. US benchmark stock indexes declined while government bond yields rose after midday Thursday following a hotter-than-expected wholesale price inflation in February. Energy iShares US Energy ETF (IYE) rose 0.8% and Energy Select...
Sector Update: Energy
Sector Update: Energy
Mar 14, 2024
01:34 PM EDT, 03/14/2024 (MT Newswires) -- Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 0.4% and the Energy Select Sector SPDR Fund (XLE) up 0.8%. The Philadelphia Oil Service Sector index was posting a 1% increase and the Dow Jones US Utilities index was falling 1.3%. Front-month West Texas Intermediate crude oil was rising...
Hot Producer Price Inflation Pushes US Equity Indexes Lower
Hot Producer Price Inflation Pushes US Equity Indexes Lower
Mar 14, 2024
01:36 PM EDT, 03/14/2024 (MT Newswires) -- US equity indexes fell after midday Thursday as a stronger-than-anticipated wholesale price inflation report lifted government bond yields. The S&P 500 fell 0.4% to 5,136.1, with the Nasdaq Composite down 0.6% to 16,079.8 and the Dow Jones Industrial Average 0.5% lower at 38,862.2. Barring communication services and energy, all the other sectors declined...
Sector Update: Financial
Sector Update: Financial
Mar 14, 2024
01:35 PM EDT, 03/14/2024 (MT Newswires) -- Financial stocks were falling in Thursday afternoon trading, with the NYSE Financial Index dropping 1.1% and the Financial Select Sector SPDR Fund (XLF) off 1.2%. The Philadelphia Housing Index was slumping 2.7% and the Real Estate Select Sector SPDR Fund (XLRE) was down 2.3%. Bitcoin (BTC-USD) was declining 3.1% to $70,890, and the...
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Gold price forecast update 08-04-2024
Gold price forecast update 08-04-2024
Apr 8, 2024
Gold Price Analysis Expected Scenario Gold price provided new positive trades to reach 2355.00$ areas, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis. Our next positive station is located at 2364.00$. Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested bullish wave. Breaking 2320.00$ will push the price to turn...
Crude oil price forecast update 08-04-2024
Crude oil price forecast update 08-04-2024
Apr 8, 2024
Crude Oil Price Analysis Expected Scenario Crude oil price tested the bullish channels support line and begins to rebound upwards clearly now, to head towards resuming the bullish trend within this channel, on its way to achieve gains that start by targeting 89.40$ areas. RSI shows positive signals that support the expected rise, while the EMA50 keeps carrying the price...
TSMC wins $6.6 billion US subsidy for Arizona chip production
TSMC wins $6.6 billion US subsidy for Arizona chip production
Apr 8, 2024
WASHINGTON (Reuters) - The U.S. Commerce Department said Monday it would award Taiwan Semiconductor Manufacturing Co's ( TSM ) U.S. unit a $6.6 billion subsidy for advanced semiconductor production in Phoenix, Arizona and up to $5 billion in low-cost government loans. TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona...
TSMC wins $6.6 bln US subsidy for Arizona chip production
TSMC wins $6.6 bln US subsidy for Arizona chip production
Apr 8, 2024
WASHINGTON, April 8 (Reuters) - The U.S. Commerce Department said Monday it would award Taiwan Semiconductor Manufacturing Co's ( TSM ) U.S. unit a $6.6 billion subsidy for advanced semiconductor production in Phoenix, Arizona and up to $5 billion in low-cost government loans. TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a...
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Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
Sep 18, 2023
Fast fashion retailer H&M is all set to sell second-hand clothes at its Regent Street flagship store in UK from October — offering items that are 'ready to be loved again.' Zara also recently launched its online second-hand service in France, having trialled it in Britain since November last year. But are these 'green initiatives' for real, or just some more greenwashing? CNBC TV18 gives a macro view.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
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Cryptocurrency >
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...
US SEC Charges 17 in $300M Crypto Ponzi Scheme
US SEC Charges 17 in $300M Crypto Ponzi Scheme
Mar 18, 2024
The United States Securities and Exchange Commission (SEC) has charged 17 individuals for allegedly perpetrating a cryptocurrency Ponzi scheme that defrauded thousands of Latino investors in the country for approximately $300 million. According to an official release from the regulator, the alleged fraudsters operated under a company named CryptoFX LLC, which is based in Houston, Texas. SEC Charges 17 For...
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...
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...
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