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Adobe shares drop 13% as concerns about AI growth overshadow better-than-expected results

Adobe shares drop 13% as concerns about AI growth overshadow better-than-expected results

Shantanu Narayen, Chairman and CEO of Adobe Systems addresses the gathering on the first day of the three-day B20 Summit in New Delhi on August 25, 2023. Sajjad Hussain | AFP | Getty Images Adobe shares dropped 13% following the company’s quarterly earnings report, as investors fretted over lingering growth concerns and the software maker’s […]

Adobe shares drop 13% as concerns about AI growth overshadow better-than-expected results Read More »

Binance token rises following report that Trump family has discussed stake in the crypto exchange

Binance token rises following report that Trump family has discussed stake in the crypto exchange

The Binance logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Binance’s BNB token bucked the wider crypto downturn on Thursday, jumping 4% following a Wall Street Journal report that the Trump family has held talks to secure a financial interest in the U.S. arm of the world’s largest

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Intel pops 13% as chipmaker taps new CEO, Wall Street backs turnaround effort

Intel pops 13% as chipmaker taps new CEO, Wall Street backs turnaround effort

Intel Appoints Lip-Bu Tan as Chief Executive Officer Courtesy: Intel Intel shares popped more than 13% after the struggling chipmaker named Lip-Bu Tan its new CEO and Wall Street cheered the turnaround attempt. Tan previously served as CEO of chip software maker and Intel supplier Cadence Design Systems, and will rejoin the board after departing

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Spotify says it paid nearly 1,500 artists  million or more in royalties for 2024 streams

Spotify says it paid nearly 1,500 artists $1 million or more in royalties for 2024 streams

In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City. Michael M. Santiago | Getty Images Spotify is minting music millionaires. Nearly 1,500 artists generated over $1 million in royalties from Spotify in 2024, the company said Wednesday in its annual Loud and Clear

Spotify says it paid nearly 1,500 artists $1 million or more in royalties for 2024 streams Read More »

Salesforce pledges to invest  billion in Singapore over five years in AI push

Salesforce pledges to invest $1 billion in Singapore over five years in AI push

Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Salesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years. The cloud software giant said the investment is designed to accelerate the

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Digital physical therapy provider Hinge Health files for IPO

Digital physical therapy provider Hinge Health files for IPO

Hinge Health’s Enso product. Courtesy: Hinge Health Hinge Health, a provider of digital physical therapy services, filed to go public on Monday, the latest sign that the IPO market is starting to crack open. Hinge Health uses software to help patients treat musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation remotely. The company’s revenue last

Digital physical therapy provider Hinge Health files for IPO Read More »

Oracle misses on earnings but touts data center growth from AI

Oracle misses on earnings but touts data center growth from AI

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle issued quarterly results on Monday that trailed analysts’ estimates, but the company offered bullish comments on its cloud infrastructure segment. Here is how Oracle

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