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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...
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.
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.
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...
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Russian rouble mostly unchanged against US dollar
Russian rouble mostly unchanged against US dollar
Apr 3, 2024
MOSCOW, April 3 (Reuters) - The Russian rouble was mostly unchanged against the U.S. dollar on Wednesday. By 0715 GMT, the rouble was 0.04% lower at 92.62 to the dollar after trading in a range of 92.413 to 92.690. Against the euro, the rouble fell 0.17% to 99.72 and dropped 0.24% to 12.75 against the yuan . Brent crude oil,...
Investor Sentiment Declines, Dow Falls For Second Session
Investor Sentiment Declines, Dow Falls For Second Session
Apr 3, 2024
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the Greed zone on Tuesday. U.S. stocks closed lower on Tuesday, with the Dow Jones index recording losses for the second straight session. The 30-stock Dow also recorded its worst day since March 5. On the economic data front, U.S....
Japan's Nikkei drops 1% on Uniqlo owner tumble, Wall Street slide
Japan's Nikkei drops 1% on Uniqlo owner tumble, Wall Street slide
Apr 2, 2024
(Updates with closing prices) By Kevin Buckland TOKYO, April 3 (Reuters) - Japan's Nikkei share average dropped 1% on Wednesday, weighed down by a fall in heavyweight Fast Retailing ( FRCOF ), owner of the Uniqlo store chain, and overnight declines on Wall Street. Tech stocks tracked a slide among U.S. peers, but a powerful quake that rocked Taiwan had...
Acuity Brands, Cal-Maine Foods And 3 Stocks To Watch Heading Into Wednesday
Acuity Brands, Cal-Maine Foods And 3 Stocks To Watch Heading Into Wednesday
Apr 2, 2024
With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Acuity Brands, Inc. ( AYI ) to report quarterly earnings at $3.25 per share on revenue of $907.75 million before the opening bell, according to data from Benzinga Pro. Acuity Brands ( AYI )...
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A Blueprint for Crypto Market Structure
A Blueprint for Crypto Market Structure
Jan 31, 2025
The digital asset industry stands at a critical, hopeful juncture. After years of fragmented approaches to regulation and legislation, we've reached a moment where clarity is both urgent and achievable. Blockchain Association's consensus-driven market structure principles, which represent the perspective of the leading companies in the industry, offer a framework for the path forward. The market structure principles that emerged...
The legal challenges faced by Samsung chief Jay Y Lee
The legal challenges faced by Samsung chief Jay Y Lee
Feb 3, 2025
(Reuters) - Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that Lee has faced from criminal cases. For nearly a decade, Lee, the leader of South Korea's biggest conglomerate, has been embroiled in a series of...
AMD's AI bets face investor scrutiny as Big Tech switches to custom chips
AMD's AI bets face investor scrutiny as Big Tech switches to custom chips
Feb 3, 2025
By Arsheeya Bajwa (Reuters) - AMD investors will closely examine the chip designer's artificial intelligence strategy when it reports fourth-quarter results on Tuesday as Big Tech's shift to custom silicon raises doubts about its place in the AI infrastructure race. Analysts expect AMD's December-quarter revenue to surge over 22% to $7.53 billion, but the company's growth prospects are shadowed by...
Taiwan to help companies relocate to US following Trump tariffs
Taiwan to help companies relocate to US following Trump tariffs
Feb 2, 2025
TAIPEI (Reuters) -Taiwan will support companies that plan to relocate to the United States, including helping them find partners, the economy ministry said on Monday, outlining assistance it will offer after U.S. President Donald Trump's new tariffs. Trump's orders for additional levies of 25% on imports from Mexico and most goods from Canada, as well as 10% on goods from...
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Coinbase, Riot, Marathon Digital Shares Fall After Harris-Trump Presidential Debate
Coinbase, Riot, Marathon Digital Shares Fall After Harris-Trump Presidential Debate
Sep 11, 2024
09:09 AM EDT, 09/11/2024 (MT Newswires) -- Coinbase Global ( COIN ) , Riot Platforms ( RIOT ) , and cryptocurrency-related stocks were down premarket Wednesday following former President Donald Trump's performance in Tuesday's debate with Democratic contender Vice President Kamala Harris. Trump, who is positioned as a supporter of cryptocurrencies, appeared largely on the defensive during the debate as...
WisdomTree Reports $919 Million Net Outflows in August
WisdomTree Reports $919 Million Net Outflows in August
Sep 11, 2024
09:02 AM EDT, 09/11/2024 (MT Newswires) -- WisdomTree ( WT ) reported Wednesday assets under management in August of $111.19 billion, which reflects net outflows of $919 million during the month. The company said its inflows were offset by outflows in its Japan Hedged Equity Fund (DXJ) and European commodity products, linked to risk-off positioning. WisdomTree's ( WT ) US...
CFPB Orders TD Bank to Pay US$28 Million for
CFPB Orders TD Bank to Pay US$28 Million for "Illegal Breakdowns that Potentially Tarnished Consumer Reports"
Sep 11, 2024
09:14 AM EDT, 09/11/2024 (MT Newswires) -- The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered TD Bank (TD.TO, TD) to pay US$28 Million for what it termed illegal breakdowns that potentially tarnished consumer reports. For starters, CFIB ordered TD to pay US$7.8 million to tens of thousands of victims of the bank's illegal actions. The CFPB is also ordering...
3D Systems Receives US FDA 510(k) Clearance for Custom Ankle Surgery Guides
3D Systems Receives US FDA 510(k) Clearance for Custom Ankle Surgery Guides
Sep 11, 2024
09:16 AM EDT, 09/11/2024 (MT Newswires) -- 3D Systems ( DDD ) said Wednesday that it has received the US Food and Drug Administration's 510(k) clearance for its 3D printed Patient-Matched Guides, developed in partnership with Smith+Nephew for use in ankle replacement surgeries. 510(k) clearance indicates that the FDA has determined the device to be safe and effective by comparing...
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