Tag: Business
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CrowdStrike drops as revenue growth fails to impress investors despite AI push
June 4 : CrowdStrike shares slid 11 per cent in Thursday’s premarket trading after the cybersecurity firm’s annual recurring revenue (ARR) growth failed to impress investors expecting a boost from AI investments.The stock had rallied 60 per cent in May.CrowdStrike’s ARR grew 22 per cent year-over-year
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T-Mobile opens India tech centre, to hire nearly 1,000 by 2027
BENGALURU, June 4 : U.S. telecom operator T-Mobile opened its global capability center (GCC) in India on Thursday and plans to employ nearly 1,000 people by 2027, according to a statement from an Indian state government. Here are some details: • The tech centre was inaugurated in Hyderabad — ca
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Eli Manning weighs in on Giants QB Jaxson Dart’s Trump rally fallout
Eli Manning spoke about political activities from athletes after Giants QB Jaxson Dart introduced President Donald Trump at a rally.
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Oil falls after Lebanon and Israel agree on a ceasefire
LONDON, June 4 : Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Trade was cautious though and the decline was limited. Brent futures were down 77 ce
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Dollar at two-month high as Gulf hostilities flare, yen near intervention zone
HONG KONG, June 4 : The dollar traded near a two-month high on Thursday as renewed Gulf hostilities sapped risk appetite, while traders were alert to the possibility of intervention as the Japanese yen hovered near the key 160 level.Iranian attacks on Kuwait damaged its airport and injured dozens on Wednesday
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South Korea’s KEPCO wins Saudi Jafurah power project, seen worth $1.4 billion
SEOUL, June 4 : Korea Electric Power Corp (KEPCO) said it had won a contract to build and operate the second phase of a cogeneration power plant at Saudi Arabia’s Jafurah project, expanding its presence in the kingdom’s energy market. The company expects total revenue of about 2.1 trillion won ($1.4 billion)
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Broadcom tumbles as revenue miss clouds AI boom bets
June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors’ lofty expectations of stronger momentum from the AI boom.The chipmaker could lose more than $285 billion in market cap at the current price of $4
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Genome study shows what made the extinct Ice Age cave lion unique
June 4 : The cave lion was one of the biggest cats to ever live, prowling a huge swathe of territory from Western Europe across Siberia and into North America and hunting large prey – and perhaps even people – before going extinct around the end of the Ice Age.New genome research reveals what made…
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Bank of Japan expected to raise rates this month, sources say
TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy.With hostilities flaring anew in the Iran war, cen
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Dollar at 2-month high as Gulf hostilities flare, yen wobbles near intervention zone
HONG KONG, June 4 : The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert. Iranian attacks on Kuwait damaged its airport and injured dozens on Wedne
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