(Reuters) -Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be “time to m[...]
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August 28, 2024
Contentious California AI bill passes legislature, awaits governor’s signature
By Anna Tong SAN FRANCISCO (Reuters) – California lawmakers passed a hotly contested artificial-intelligence safety bill on Wednesday, after which it will need one more process vote before its f[...]
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French authorities charge Telegram’s Durov in probe into organized crime on app
By Gabriel Stargardter and Tassilo Hummel PARIS (Reuters) -A French judge put Telegram boss Pavel Durov under formal investigation on Wednesday in a probe into organized crime on the messaging app, bu[...]
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CrowdStrike cuts forecasts as Windows outage weighs on new deals
By Jaspreet Singh (Reuters) – Cybersecurity firm CrowdStrike cut its revenue and profit forecasts on Wednesday in the aftermath of a July global outage due to its faulty software update, and sai[...]
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UK car output drops for fifth straight month in July, data shows
(Reuters) – Britain’s car production fell for the fifth consecutive month in July, hurt by manufacturers shifting to new models and temporary disruptions in supply chain, industry data sho[...]
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Salesforce beats quarterly estimates on cloud demand, says CFO to step down
By Zaheer Kachwala (Reuters) – Salesforce beat Wall Street expectations for second-quarter revenue and profit on Wednesday, benefiting from higher spending on its enterprise cloud products, send[...]
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Discount retailer Big Lots mulling bankruptcy filing as sales decline, Bloomberg reports
(Reuters) – Discount home goods retailer Big Lots is considering a potential bankruptcy filing and may seek court protection within weeks, Bloomberg reported on Wednesday, citing people familiar[...]
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Wall Street ends down; investors brace for Nvidia report
By Noel Randewich and Johann M Cherian (Reuters) -U.S. stocks fell on Wednesday ahead of a quarterly report from Nvidia, Wall Street’s centerpiece event of the week that could shatter or add fre[...]
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HP forecasts downbeat profit as weak PC market, competition weigh
By Juby Babu (Reuters) -HP forecast fourth-quarter profit below Wall Street estimates and cut its expectations for the year on Wednesday, owing to choppy demand in the personal computers market and co[...]
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