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Adobe beats third-quarter revenue estimates on AI product demand
2+ day, 13+ hour ago (110+ words) Sept 10 (Reuters) – Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow. The company reported revenue of $6.76 billion for the quarter, compared with analysts’ average estimate of $6.70 billion, according…...
US slaps new sanctions on networks aiding Iran’s proxies in Middle East
2+ day, 19+ hour ago (630+ words) WASHINGTON, Sept 10 (Reuters) – The U.S. government announced new sanctions on Thursday against firms and individuals that it says are aiding Hezbollah and other Iranian proxies in the Middle East as it intensified its campaign to isolate Iran economically. The latest…...
Trading Day: Inflation palpitations
2+ day, 18+ hour ago (566+ words) In my column today, I look ahead to Friday’s U.S. CPI inflation report, and specifically the importance it has assumed. If it is “hot”, the Fed will almost certainly raise rates next week. But how have we got to a…...
Goldman Sachs investment strategy chief Mossavar-Rahmani to retire, memo says
2+ day, 20+ hour ago (172+ words) Sept 10 (Reuters) – Goldman Sachs has named Farshid Asl and Matt Weir as co-heads of its Investment Strategy Group, succeeding Sharmin Mossavar-Rahmani, according to an internal memo seen by Reuters on Thursday. • Mossavar-Rahmani, who has led the Investment Strategy Group and…...
AI chip startup Positron’s valuation skyrockets in latest funding round
2+ day, 23+ hour ago (269+ words) Sept 10 (Reuters) – Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion. The startup had raised $230 million in…...
Fed, eyeing inflation data, may lean toward a hike, traders bet
3+ day, 32+ min ago (419+ words) Sept 10 (Reuters) – The Federal Reserve is a bit more likely to raise short-term borrowing costs at its meeting next week, traders bet on Thursday, after the first of this week’s key inflation reports. Data showed U.S. producer prices rose…...
ECB lifts growth, inflation projections
3+ day, 2+ hour ago (217+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised some of its growth projections on Thursday and also lifted its inflation outlook, suggesting that it expects a war-induced energy shock to dissipate only slowly. Inflation soared past 3% this summer and is…...
Morning Bid: Forever war?
3+ day, 4+ hour ago (527+ words) Sept 10 (Reuters) – Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November’s midterm elections. That came amid the most intense attacks on Gulf shipping in the…...
Factbox-Sweden election: what you need to know
3+ day, 6+ hour ago (565+ words) Sept 10 (Reuters) – Sweden will hold a parliamentary election on September 13 with the centre-left opposition holding a slim lead in opinion polls over Prime Minister Ulf Kristersson’s ruling right-wing bloc. Kristersson is seeking to form a majority government with his existing…...
Citi Private Bank hires Radzinski from Bank of America
3+ day, 17+ hour ago (115+ words) wincountry.com Citi Private Bank hires Radzinski from Bank of America NEW YORK, Sept 9 (Reuters) – Citigroup’s Private Bank announced the hiring of Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients, according to an internal memo seen…...