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Adobe beats third-quarter revenue estimates on AI product demand
3+ day, 21+ hour ago (113+ 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…...
Ayar Labs, backed by chip giants, extends funding round by $150 million
4+ day, 5+ hour ago (328+ words) SAN FRANCISCO, Sept 10 (Reuters) – Ayar Labs, a Silicon Valley startup developing a way to link AI chips directly together with optical connections, on Thursday said it has raised an additional $150 million. The fresh capital is an extension of a series…...
Finland says GNSS jamming, wind caused Ukrainian drones to enter its airspace in spring
5+ day, 6+ hour ago (188+ words) HELSINKI, Sept 9 (Reuters) – Four Ukrainian military drones found in Finland in March and April were diverted from their intended route by satellite navigation interference in combination with wind, Finnish police and border guards said on Wednesday. Finland and nearby Estonia,…...
Bank of England to hold rates, show patience with war-driven inflation: Reuters poll
5+ day, 19+ hour ago (580+ words) LONDON, Sept 8 (Reuters) – The Bank of England will hold Bank Rate at 3.75% for the rest of the year and through at least mid-2027, according to a Reuters poll of economists who still judge inflation is not strong enough for a…...
Novo scraps two more heart drug trials, further dimming growth beyond obesity
6+ day, 22+ hour ago (194+ words) Sept 7 (Reuters) – Novo Nordisk said on Monday it had halted two additional trials of its experimental cardiovascular drug ziltivekimab, further denting the Danish drugmaker’s efforts to diversify beyond its blockbuster obesity and diabetes franchise. In July, Novo said ziltivekimab failed…...
Yen extends rally to new seven-month high; dollar subdued ahead of CPI
6+ day, 14+ hour ago (451+ words) HONG KONG, Sept 8 (Reuters) – The Japanese yen climbed to a seven-month high against the U.S. dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a Bank of Japan interest-rate hike while the dollar was subdued…...
Horse smuggling exposes cracks in US defenses against screwworm | 101 WIXX | Your Hit Music Station
1+ week, 2+ day ago (1199+ words) Smuggled animals are coming into focus as possible hosts for New World screwworm. The flesh-eating parasite began infesting U.S. cattle in June despite efforts to halt the spread, such as a U.S. ban of more than a year on Mexican livestock, a…...
Exclusive-Hedge fund giant Citadel seeking to buy US shale oil production assets, sources say
1+ week, 2+ day ago (497+ words) NEW YORK, Sept 4 (Reuters) – Citadel has held talks to buy U.S. oil production assets, as the hedge fund and commodities trader considers expanding further into owning physical assets, five people familiar with the matter said. The firm founded by Ken…...
Italy’s Eni doubles down in Venezuela with rising hope of recovering debt
1+ week, 2+ day ago (522+ words) MILAN, Sept 4 (Reuters) – Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday. After nearly three…...
Brazil’s richest captured record income share despite Lula’s effort to prioritize the poor
1+ week, 2+ day ago (905+ words) BRASILIA, Sept 4 (Reuters) – Brazil’s wealthiest captured a record share of national income under President Luiz Inacio Lula da Silva, tax-return data show, offering a striking counterpoint to the leftist leader’s effort to convince voters that gains have been widely shared…...