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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...
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...
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.
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: Financial
Sector Update: Financial
Mar 21, 2024
03:19 PM EDT, 03/21/2024 (MT Newswires) -- Financial stocks advanced late Thursday afternoon, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.9%. The Philadelphia Housing Index climbed 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.4% Bitcoin (BTC-USD) dropped 4% to $65,176, and the yield for 10-year US Treasuries...
Investor Optimism Improves Slightly; Dow Jumps Over 250 Points
Investor Optimism Improves Slightly; Dow Jumps Over 250 Points
Mar 22, 2024
The CNN Money Fear and Greed index showed a slight increase in the overall market sentiment on Thursday. U.S. stocks closed higher on Thursday, extending gains recorded in the previous session. The Fed kept interest rates unchanged Wednesday between 5.25% and 5.5% at its March meeting, as widely expected by investors, confirming intentions to lower the cost of money in the...
Sector Update: Health Care
Sector Update: Health Care
Mar 21, 2024
03:42 PM EDT, 03/21/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) rising 0.3%. The iShares Biotechnology ETF (IBB) climbed 0.9%. In corporate news, Eledon Pharmaceuticals ( ELDN ) shares surged 12% after it said its tegoprubart monoclonal antibody was used...
Japan's Nikkei hits record high on Wall Street gains, weaker yen
Japan's Nikkei hits record high on Wall Street gains, weaker yen
Mar 21, 2024
TOKYO, March 22 (Reuters) - Japan's Nikkei share average hit a record high on Friday, underpinned by the strength on Wall Street overnight and as a weaker yen prompted investors to buy automakers. The Nikkei rose to as high as 41,087.75 earlier in the session, crossing the 41,000 level for the first time. The index ended 0.07% higher at 40,844.53...
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Deutsche Bank Comments on ECB's 25bps Rate Cut Decision
Deutsche Bank Comments on ECB's 25bps Rate Cut Decision
Dec 12, 2024
09:11 AM EST, 12/12/2024 (MT Newswires) -- The European Central Bank reduced its key rates by 25 basis points on Thursday as expected, easing the monetary policy for the final time this year. This ECB easing cycle has further to go, said Mark Wall, chief European economist at Deutsche Bank. Earlier Thursday the ECB delivered the fourth quarter-point rate cut...
CPKC, Americold Exploring Co-development Opportunities in Mexico
CPKC, Americold Exploring Co-development Opportunities in Mexico
Dec 12, 2024
09:13 AM EST, 12/12/2024 (MT Newswires) -- Canadian Pacific Kansas City ( CP ) and Americold Realty Trust, Inc. announced Thursday plans to formally explore co-development opportunities in Mexico as part of their continued strategic collaboration focused on optimizing temperature-sensitive commodity flows between the United States, Mexico and Canada. A statement noted Americold and CPKC established a strategic collaboration in...
Interactive Strength Set To Acquire Fitness Equipment Company In Equity Swap, Eyeing Revenue And Market Expansion
Interactive Strength Set To Acquire Fitness Equipment Company In Equity Swap, Eyeing Revenue And Market Expansion
Dec 12, 2024
Interactive Strength Inc. ( TRNR ) shares are surging premarket on Thursday after the company inked a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company. The target company has over $40 million in revenue and positive EBITDA, in a 100% equity consideration transaction. This acquisition supports its strategy of leveraging its public listing to acquire...
Ciena Reports Mixed Fiscal Fourth-Quarter Results
Ciena Reports Mixed Fiscal Fourth-Quarter Results
Dec 12, 2024
09:16 AM EST, 12/12/2024 (MT Newswires) -- Ciena's (CIEN) fiscal fourth-quarter earnings fell year over year and missed Wall Street expectations while revenue topped market estimates. The networking systems and software company's adjusted earnings came in at $0.54 per share for the quarter ended Nov. 2, down from $0.75 the year before and below the FactSet-polled consensus of $0.65. Revenue...
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Ripple (XRP) Price Predictions for This Week
Ripple (XRP) Price Predictions for This Week
Aug 7, 2025
XRP continues to hold well at $3. Here are some interesting predictions based on various technical indicators. Ripple (XRP) Price Predictions for this Week Key Support levels: $3, $2.7  Key Resistance levels: $3.6, $4 1. Price Hovers Around $3 Despite mounting pressure from sellers in early August, XRP managed to pull back up and hold above the key support at...
Ethereum in the Driving Seat as On
Ethereum in the Driving Seat as On
Aug 7, 2025
“When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him,” said crypto asset manager Bitwise on Wednesday. The comment in reference to the BlackRock boss came alongside a chart showing that real-world asset (RWA) onchain value had surged to an all-time high of just under $25 billion. More recent data from RWA.xyz reveals that it...
Pi Network (PI) Price Predictions for This Week
Pi Network (PI) Price Predictions for This Week
Aug 7, 2025
Pi Network remains in a macro downtrend, but a reversal could be at hand. PI Coin Price Predictions to Watch This Week Key Support levels: $0.32 Key Resistance levels: $0.37 1. Downtrend Continues Unfortunately, PI started August with a lower low. This suggests that its ongoing downtrend will continue for some time. Nevertheless, the price appears to have found good...
Bitcoin Flirts With $115,000 as Crypto Markets Remain Uncertain: Market Watch
Bitcoin Flirts With $115,000 as Crypto Markets Remain Uncertain: Market Watch
Aug 7, 2025
The broader cryptocurrency market remains relatively uncertain, although for the past 24 hours, it appears that the bulls might be having the upper hand. The global tension, largely provoked by ongoing geopolitical conflicts and trade hurdles has surely had an impact, while the state of the US economy also seems to be a fundamental consideration behind the recent market moves...
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