Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
(Reuters) – Photoshop maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, indicating the company’s investments to…
Stunning rally in Big Tech drives Nasdaq to 20,000
By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – The Nasdaq Composite Index hit 20,000 for…
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
(Reuters) – Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year…
Russia blasts US transfer of $20 billion to Ukraine backed by frozen assets
(Reuters) – Russia’s Foreign Ministry said on Wednesday that the U.S. transfer to Ukraine of $20 billion backed by frozen…
US Treasury transfers $20 billion in Ukraine loan funds to World Bank facility
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department on Tuesday said it transferred the $20 billion U.S. portion…
Ferrari will always make its cars in Italy, CEO says
By Vanessa O’Connell NEW YORK (Reuters) -Ferrari will always make its luxury sports car in its hometown of Maranello, northern…
Trump says anyone investing $1 billion in US will receive expedited permits
WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Tuesday that any person or company investing at least $1 billion into…
US agencies to brief House on Chinese Salt Typhoon telecom hacking
WASHINGTON (Reuters) – U.S. government agencies will hold a classified briefing for the House of Representatives on Tuesday on China’s…
C3.ai lifts annual forecast on strong demand for enterprise AI software
(Reuters) -C3.ai raised its forecast for fiscal year 2025 revenue on Monday, helped by healthy demand for the company’s enterprise…
US importers set to accelerate shipments to record levels on tariff, strike threats
By Siddharth Cavale NEW YORK (Reuters) – The United States’ busy ports kicked activity up a notch in November and…