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...

　　Consumers Are Finally Feeling the Pain of Inflation 　　Consumers are starting to feel the pinch of inflation as their spending slows down.　　This is according to Bank of America CEO Brian Moynihan, who said that the way consumers are acting is consistent with a low growth, low inflation economy, which the U.S. saw from 2016 to 2019. 　　In a given year,...

　　Thieves Stole $234,500 in Dimes from a Tractor-Trailer in Philadelphia 　　Details of the Theft　　Federal authorities have released more information and unsealed charges in the theft of over 2 million dimes earlier this year. The coins were stolen from a tractor-trailer that had picked them up from the U.S. Mint in Philadelphia. 　　The truck driver was headed to Miami when he...

　　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...

09:11 AM EDT, 07/15/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Monday as the SPDR S&P Semiconductor ETF ( XSD ) was unchanged and the Technology Select Sector SPDR Fund ( XLK ) was up 0.5% recently. SolarEdge Technologies ( SEDG ) is eliminating roughly 400 employees, including 200 in Israel, as part of cost-cutting measures, the...

08:50 AM EDT, 07/15/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Monday, with the SPDR S&P Semiconductor ETF (XSD) inactive and the Technology Select Sector SPDR Fund (XLK) was up 0.5% recently. SolarEdge Technologies ( SEDG ) is eliminating roughly 400 employees as part of cost-cutting measures, the company said in a regulatory filing. SolarEdge Technologies (...

08:58 AM EDT, 07/15/2024 (MT Newswires) -- Financial stocks were edging higher premarket Monday as the Financial Select Sector SPDR Fund (XLF) was up 0.3% recently. The Direxion Daily Financial Bull 3X Shares (FAS) was 0.9% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.9%. Goldman Sachs Group ( GS ) shares advanced by...

09:07 AM EDT, 07/15/2024 (MT Newswires) -- US equity futures posted gains pre-bell Monday as markets evaluated the implications of an assassination attempt on former US president Donald Trump. The Dow Jones Industrial Average futures rose 0.5%, S&P 500 futures gained 0.4%, and Nasdaq futures were up 0.5%. On Saturday, presidential candidate Donald Trump was injured in a shooting during...

The Director of the Center for Drug Evaluation and Research (CDER) at the U.S. Food and Drug Administration (FDA) issued a notice summarizing the grounds for refusing a new drug application (NDA) submitted by Vanda Pharmaceuticals, Inc ( VNDA ). for Tradipitant for symptoms in gastroparesis. The notice offers Vanda an opportunity to request a hearing on the matter. Also...

12:28 PM EST, 01/16/2025 (MT Newswires) -- US retail sales rose at a slower-than-projected pace last month, weighed down by a decline in the volatile building materials stores component, data from the Census Bureau showed Thursday. Sales increased 0.4% in December, trailing the Bloomberg-polled consensus for a 0.6% gain. November's growth rate was revised higher to 0.8% from 0.7%. Annually,...

Throughout the last three months, 8 analysts have evaluated Wolfspeed ( WOLF ) , offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 2 1...

Zeta Global Holdings ( ZETA ) has been analyzed by 22 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic...

India-Canada Tension: While BookMyShow's official statement did not explicitly state the reason behind the cancellation, it confirmed that 'singer Shubneet Singh's Still Rollin Tour for India stands cancelled.' It assured all ticket holders that their money would be refunded in 7-10 working days.

Canadian Prime Minister Justin Trudeau also said on Tuesday (September 19) his government does not seek to 'escalate' tensions with India. This, in the backdrop of the two countries expelling a senior diplomat each.

British politics is abuzz with musical chairs like excitement. PM Rishi Sunak, who had to remove his outspoken interior minister Suella Braverman for her article on a pro-Palestine march in UK, has brought ex-PM David Cameron — who had lost the top job over Brexit — back into the fresh equation.

Greece has repeatedly asked the British Museum to permanently return the 2,500-year-old sculptures that British diplomat Lord Elgin removed from the Parthenon temple in the early 19th century when he was ambassador to the Ottoman Empire.

Shell injected nearly $1.5 billion in cash and credit into its British energy retail business in 2022 to help it weather huge volatility in power prices that caused the collapse of several rival UK utilities. Shell Energy Retail, its UK business, has 1.4 million customers, while its German business has 110,000 and the Dutch business 15,000.

Switzerland’s financial markets authority, FINMA, said Tuesday that it has concluded enforcement proceedings opened two years ago against Credit Suisse after bank partner Greensill Capital went bankrupt. At the time, Credit Suisse closed four funds linked to the partnership, in which bank clients had invested about $10 billion.

Punit Renjen the former CEO of Deloitte Consulting, and Rajesh Subramaniam, CEO and president of FedEx, have their names on the list of members the president intends to appoint as members of the influential President’s Export Council. The council will be headed by Mark Edin, chairman of Kastle Systems.

Pakistan and the International Monetary Fund (IMF) officials are scheduled to kick-start parleys from Tuesday for accomplishing the ninth review under the Extended Fund Facility during which the fiscal slippages and reconciliation of figures will be the major topic of discussion.

BlackRock has been proving the pundits wrong amid claims that there has been little or no demand for spot Ethereum’s ETFs, The asset manager’s ETHA ETF took another $108.4 million in daily inflows on Aug. 6. This comes in the same week that the underlying asset devalued by around 25%. On “crypto black Monday,” the fund took $47 million, bringing...

TL;DR Ripples XRP saw a significant drop to $0.43 but quickly rebounded to $0.51, with active XRP accounts increasing by 45% on a 24-hour scale. Analysts envision a potential bull run for the asset, but some caution that staying below the $0.54 EMA could be followed by another pullback. This Indicator Headed North Ripples XRP was severely affected by the...

Capula Investment Management LLP, one of Europes largest hedge funds, informed that it holds $464 million in shares of spot Bitcoin ETFs from BlackRock and Fidelity. Capula’s disclosure contributes to institutional investors rising interest in U.S. spot Bitcoin ETFs. Capula’s Spot Bitcoin ETF Shares A filing with the U.S. Securities and Exchange Commission on August 5 revealed that Capula Investment...

The U.S. Securities and Exchange Commission (SEC) has asked a New York court to reject Coinbase’s subpoena, which seeks to compel the agency to produce documents related to crypto assets. The SEC described them as covering “essentially all documents that in any way relate to crypto assets.” SEC Opposes Coinbases Subpoena Request The motion filed on Monday represents the latest development...