By Isla Binnie and Megan Davies NEW YORK (Reuters) – Artificial intelligence is expected to show big gains in productivity…
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…
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…
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…
Warburg Pincus not considering an IPO anytime soon, CEO says
By Echo Wang and Carolina Mandl NEW YORK (Reuters) -Warburg Pincus, a private equity firm with about $86 billion in…
US power use to reach record highs in 2024 and 2025, EIA forecast says
By Scott DiSavino (Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy…
Apple to bring satellite communications to smartwatch next year, Bloomberg News reports
(Reuters) – Apple plans to bring satellite connections to its smartwatch in 2025 and is ramping up work on a…
Lilly CEO says tax and regulation reform, drug affordability are focuses under Trump
By Patrick Wingrove (Reuters) – Eli Lilly CEO David Ricks on Tuesday said at the Economic Club of Washington that…
US sanctions targets include former SriLankan Airlines CEO over Airbus deal
WASHINGTON (Reuters) – The U.S. State Department announced a slew of sanctions on Monday to mark International Anti-Corruption Day and…
Kinder Morgan forecasts higher profit in 2025
(Reuters) -Kinder Morgan forecast higher earnings for 2025 on Monday as the U.S. pipeline operator bets on growth in its…