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Qualcomm says Arm has withdrawn breach claims, has no plans to terminate license deal
Qualcomm says Arm has withdrawn breach claims, has no plans to terminate license deal
Feb 5, 2025
(Reuters) - Qualcomm's ( QCOM ) Chief Executive Officer Cristiano Amon on Wednesday said Arm Holdings has withdrawn a threat to terminate Qualcomm's ( QCOM ) license agreement with the technology provider. Arm in October threatened to terminate Qualcomm's ( QCOM ) license agreement amid a dispute over technology that powers Qualcomm's ( QCOM ) personal computer chips. In December,...
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Feb 5, 2025
(Reuters) - Cognizant Technology Solutions ( CTSH ) forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy. Persistent high capital costs continue to strain IT spending, prompting enterprises to cut back on consultancy services while prioritizing investments in AI-related projects. Cognizant's shares...
Qualcomm says Arm has withdrawn breach claims, has no plans to terminate license deal
Qualcomm says Arm has withdrawn breach claims, has no plans to terminate license deal
Feb 5, 2025
Feb 5 (Reuters) - Qualcomm's ( QCOM ) Chief Executive Officer Cristiano Amon on Wednesday said Arm Holdings has withdrawn a threat to terminate Qualcomm's ( QCOM ) license agreement with the technology provider. Arm in October threatened to terminate Qualcomm's ( QCOM ) license agreement amid a dispute over technology that powers Qualcomm's ( QCOM ) personal computer chips....
Email server used by Elon Musk's team does not pose privacy risk, agency says
Email server used by Elon Musk's team does not pose privacy risk, agency says
Feb 5, 2025
By AJ Vicens (Reuters) -An email system used by Elon Musk and his associates to contact all U.S. federal employees operates entirely on government computers and does not use a non-government server, Office of Personnel Management officials said in a court filing on Wednesday. The court filing comes amid growing concern that Musk's associates are flouting security protocols when handling...
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Delta Air Lines Reaffirms Q1 Adjusted Earnings Guidance
Delta Air Lines Reaffirms Q1 Adjusted Earnings Guidance
Mar 12, 2024
09:13 AM EDT, 03/12/2024 (MT Newswires) -- Delta Air Lines ( DAL ) said Tuesday that it reaffirms its Q1 adjusted earnings per share guidance of $0.25 to $0.50. Analysts polled by Capital IQ expect $0.37. The air carrier also said it expects revenue growth for the quarter ending March 31 to be in the upper half of its 3%...
Sector Update: Consumer Stocks Edge Higher Premarket Tuesday
Sector Update: Consumer Stocks Edge Higher Premarket Tuesday
Mar 12, 2024
09:15 AM EDT, 03/12/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Tuesday as the Consumer Staples Select Sector SPDR Fund (XLP) was advancing by 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was up 0.7% recently. MINISO Group Holding ( MNSO ) rose by over 10% after it reported higher adjusted earnings and revenue...
FOCUS-Venezuela rushes to mend Iran relationship as US sanctions loom
FOCUS-Venezuela rushes to mend Iran relationship as US sanctions loom
Mar 12, 2024
By Mircely Guanipa, Deisy Buitrago and Marianna Parraga PUNTO FIJO/CARACAS/HOUSTON, March 12 (Reuters) - Iran and Venezuela are trying to patch together an oil alliance that began to fray last year, according to six people familiar with the matter, after the South American country fell behind on oil swaps that had boosted crude exports and helped stem domestic fuel shortages....
Campbell Soup completes $2.33 billion Sovos deal after delays
Campbell Soup completes $2.33 billion Sovos deal after delays
Mar 12, 2024
(Reuters) - Campbell Soup ( CPB ) has completed the acquisition of Rao's Homemade-owner Sovos Brands ( SOVO ), the U.S. packaged food maker said on Tuesday, weeks after receiving clearance from the Federal Trade Commission. The closing of the $2.33-billion deal, announced in August last year, was pushed to mid-2024 from December after the FTC requested additional information in...
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These Trending Meme Coins Plummet as Altcoin Bleedout Continues
These Trending Meme Coins Plummet as Altcoin Bleedout Continues
Jun 18, 2024
TL;DR Meme coins faced substantial losses in the past 24 hours resonating with a decline of the entire cryptocurrency market. MOTHER and DADDY, endorsed by Iggy Azalea and Andrew Tate respectively, were among the poorest performers. Flashing Red The cryptocurrency market retraced substantially in the past 24 hours, with Bitcoin (BTC) plunging well below $65,000 (Bitstamps data) and Ethereum (ETH)...
Crypto Markets Lost $100B Overnight as Spot Bitcoin ETF Outflows Hit $146M (Market Watch)
Crypto Markets Lost $100B Overnight as Spot Bitcoin ETF Outflows Hit $146M (Market Watch)
Jun 18, 2024
After a quiet weekend, bitcoins price headed south violently in the past 12 hours or so and dumped to a monthly low of $64,000 amid the growing outflows from the spot ETFs. Over $100 billion evaporated from the crypto markets at one point, as most alts dumped hard as well. BTC Goes Low Bitcoin tried to take down the $70,000...
Bitcoin Sees Selling Pressure From Miners and Long
Bitcoin Sees Selling Pressure From Miners and Long
Jun 18, 2024
Last week marked a notable shift in the dynamics of the crypto market. Bitcoin (BTC) lost over 6% of its value, and U.S. spot Bitcoin exchange-traded funds (ETF) broke their 20-day inflow streak with outflows running into hundreds of millions of dollars. According to the latest Bitfinex Alpha report, bitcoins plunge was mainly caused by selling from long-term holders, whales,...
VanEck to Launch First Bitcoin ETF on Australia’s Security Exchange This Week
VanEck to Launch First Bitcoin ETF on Australia’s Security Exchange This Week
Jun 17, 2024
American investment management firm VanEck is set to launch the first spot Bitcoin exchange-traded fund (ETF) on Australias securities trading platform this week. According to an official announcement from the asset management company, the spot Bitcoin ETF will go live on the Australian Securities Exchange (ASX) on Thursday, June 20. VanEck Unveils Australian Bitcoin ETF VanEck is one of the...
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