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Adobe beats third-quarter revenue estimates on AI product demand
2+ day, 7+ 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…...
Morning Bid: Forever war? | WKZO | Everything Kalamazoo | 590 AM · 106.9 FM
2+ day, 19+ 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…...
Trading Day: Inflation palpitations
2+ day, 9+ 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…...
Washington nonprofit Better Markets sues Federal Reserve over capital rule overhaul
2+ day, 13+ hour ago (331+ words) By Pete Schroeder and Michelle Price WASHINGTON, Sept 10 (Reuters) – Better Markets, a Washington nonprofit that advocates for Wall Street reforms, sued the U.S. Federal Reserve and its top regulatory official on Thursday, alleging the central bank mishandled a sweeping overhaul…...
Bolsonaro, Lula statistically tied in simulated Brazil runoff, Atlas/Bloomberg poll shows
2+ day, 11+ hour ago (179+ words) SAO PAULO, Sept 10 (Reuters) – Brazilian Senator Flavio Bolsonaro and President Luiz Inacio Lula da Silva are statistically tied in a simulated runoff ahead of next month’s election, an AtlasIntel/Bloomberg poll showed on Thursday, with the right-wing lawmaker now holding…...
Bond yields hit multi-year highs as traders brace for new ECB rate-hike cycle
2+ day, 14+ hour ago (649+ words) LONDON, Sept 10 (Reuters) – Traders in the euro area were bracing for interest rate hikes well into next year on Thursday as the European Central Bank hiked borrowing costs and increased its inflation forecast, just as oil prices jumped again due…...
Lagarde comments at ECB press conference
2+ day, 16+ hour ago (765+ words) Following are highlights of ECB President Christine Lagarde’s comments at a press conference after the policy meeting. ON HIGH BOND YIELDS “It’s not a euro-specific issue. It’s happening across the world, and it’s a factor of multiple causes. “It’s incorporated…...
AI chip startup Positron’s valuation skyrockets in latest funding round
2+ day, 14+ 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…...
US FDA pauses new enrollment in Biohaven’s epilepsy drug trials
2+ day, 18+ hour ago (293+ words) Sept 10 (Reuters) – Biohaven said on Thursday the U.S. FDA had imposed a partial clinical hold, pausing new patient enrollment in trials of its experimental epilepsy drug after rodent findings, sending its shares down more than 15% in early trading. • The U....
US wholesale inventories surge in July
2+ day, 14+ hour ago (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...