Yahoo Finance Adobe Investors Will Need Patience For AI Windfall, Analyst Says
Adobe isn't likely to reap the rewards of its investments in generative artificial intelligence until late this year, an analyst says.
Adobe isn't likely to reap the rewards of its investments in generative artificial intelligence until late this year, an analyst says.
Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. “If I woke up tomorrow and shares were zero dollars, or $100, I would not be surprised,” said Matthew Tuttle, a professional investor who bought $800 in Trump Media stock last week when it was at an all-time low. With Trump facing dozens of federal felony charges and hundreds of millions in legal expenses, Trump Media went public on March 26 on the Nasdaq exchange.
Westpac economists have pushed back their prediction for when the Reserve Bank of Australia (RBA) will reduce the cash rate.
Aussies are making tens of thousands of dollars in net income through this popular strategy - but it's not without its downsides. Find out more here.
HECS debts are about to balloon again, but some Aussies could take advantage of a loophole to avoid indexation.
Judo Bank chief economic adviser Warren Hogan predicts it's going to get worse before it gets better.
Westpac Banking ( ASX:WBC ) First Half 2024 Results Key Financial Results Net loss: AU$164.0m (down by 104% from...
Australian workers copped the largest tax increase in the developed world last year. The tax spike disproportionately impacted low and middle-income earners.
Investors face mixed signals from Wall Street — as well as a historical calendar that suggests some chop might be around the corner.
Maccas customers have reason to celebrate now that this subtle change has been implemented.
Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Truth Social itself.
Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over $2 trillion, while an in-line inflation reading calmed interest rate jitters. Lifting sentiment further, Microsoft rose 2.5% on beating Wall Street estimates for third-quarter revenue and profit, driven by gains from AI adoption across its cloud services. Other growth stocks also traded higher on the results, with Amazon.com and Nvidia up 2.9% and 5.0%, respectively.
With bracket creep fuelling record tax collections, fresh data has revealed Australia’s personal income tax burden grew faster than any other advanced economy last year.
Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.
Q3 2024 Western Digital Corp Earnings Call
The potential mega merger would give BHP access to Anglo American's copper assets.
Rich Handler is reportedly taking over a boat from billionaire Tilman Fertitta.
The dollar surged to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with forecasts and affirming expectations that the Federal Reserve will likely delay cutting interest rates to later this year. The dollar's peak against the yen came after the Bank of Japan kept interest rates steady at its end of its two-day policy meeting, although it flagged future rate hikes.
(Bloomberg) -- Bill Gross offered some advice to investors as Treasuries and equities slumped Thursday after some worrisome US economic data: “Stick to value stocks, avoid tech for now.”Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapBiden’s Gains Against Trump
(Reuters) -Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from robust production, higher prices and lower operating expenses. Quarterly attributable gold production rose to 1.7 million ounces from 1.3 million ounces a year earlier. "We have started the formal process on each of the six non-core assets, there's a high level of interest across those processes," Newmont CEO Tom Palmer said in a post-earnings call.
When IBM announced its intention to acquire HashiCorp for $6.4 billion on Wednesday at market close, it was easy to conclude that the two companies should fit well together, but a deal comes down to more than strategy. In his meeting with analysts after Wednesday's announcement, IBM CEO Arvind Krishna said he sees HashiCorp as a critical piece of IBM's hybrid cloud management strategy, especially as it relates to generative AI. “As generative AI deployment accelerates alongside traditional workloads, developers are working with increasingly heterogeneous, dynamic and complex infrastructure strategies," Krishna told analysts.