Tag: Business
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Trading Day: Peace beckons … again
ORLANDO, Florida, June 11 : Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S. President Donald Trump canceled planned strikes on Iran and said a peace deal could be signed as soon as this weekend. In my column today, I look at why the record-breaking
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States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX
(In first paragraph, corrects number of states challenging indexes to four from five)By Ross KerberJune 11 : Investment leaders from four large states pressed Nasdaq and FTSE Russell for details about recent rule changes favoring SpaceX and other megacap IPOs, and suggested the index providers put the
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Adobe raises annual revenue forecast, CFO to exit
June 11 : Adobe raised its annual revenue forecast on Thursday, signaling increased adoption of its AI tools, and announced the departure of CFO Dan Durn, only three months after the Photoshop maker’s CEO said he would step down. Shares of the company fell around 6 per cent in extended trading. The com
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Dollar falls after Trump halts US strikes on Iran
NEW YORK, June 11 : The dollar dropped sharply against major peers on Thursday after President Donald Trump called off plans for renewed U.S. military strikes on Iran at the last minute, saying negotiations with Tehran were heading towards a possible deal. The dollar tends to strengthen during periods of hei
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Anthropic pursues data center leases, seeks financial backing from Google, The Information reports
June 11 – AI firm Anthropic is planning to lease and manage its own data centers and is seeking financial backing from Alphabet’s Google for the lease payments, The Information reported on Thursday.Here are some details:• Anthropic, the creator of the Claude Code AI assistant, has signed more than a
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Scientists unlock the secret behind the Venus flytrap’s snap
June 11 : Pity the poor fly that lands on a Venus flytrap. When the insect touches hair-like structures on this remarkable carnivorous plant, its trap snaps shut, dooming the victim to be digested over several days in secreted enzymes. Scientists have now found the physical mechanism behind this snapping action.
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Israeli firm BlackCore suspected of meddling in New York and Scotland votes, France says
PARIS, June 11 : Israeli firm BlackCore, suspected of interfering in France’s local elections in March, is also suspected of meddling in elections in New York City and Scotland, and operating in Angola and Togo, France’s disinformation detection service, Viginum, said on Thursday.Last month, Reuters reported
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Lyft, Uber sue New York City to block driver retention law
NEW YORK, June 11 : Lyft joined Uber Technologies in suing New York City to block a new law they said would force them to keep bad drivers who threaten public and passenger safety on their platforms.The Lyft lawsuit was filed late Wednesday in Manhattan federal court, 24 hours after Uber sued.Both comp
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Novo Nordisk flags patient data breach from some clinical trials in cyberattack
June 11 : Novo Nordisk said on Thursday it has identified a security incident in which certain information, including patient data from some clinical trials, was copied externally without authorization from its internal IT systems.The company, maker of the blockbuster weight-loss drug Wegovy, said it has laun
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Danantara COO says new DSI unit will oversee exports
JAKARTA, June 11 : The unit of sovereign wealth fund Danantara Indonesia set up as designated exporter for Indonesia’s strategic commodities will oversee deals to prevent fraudulent practices, but will not itself take over exports, a fund executive said on Thursday. • Regulations issued earlier this mont
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