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News
Adobe beats third-quarter revenue estimates on AI product demand
2+ day, 13+ hour ago (110+ 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…...
Trading Day: Inflation palpitations
2+ day, 17+ hour ago (566+ words) In my column today, I look ahead to Friday’s U.S. CPI inflation report, and specifically the importance it has assumed. If it is “hot”, the Fed will almost certainly raise rates next week. But how have we got to a…...
Goldman Sachs investment strategy chief Mossavar-Rahmani to retire, memo says
2+ day, 19+ hour ago (172+ words) Sept 10 (Reuters) – Goldman Sachs has named Farshid Asl and Matt Weir as co-heads of its Investment Strategy Group, succeeding Sharmin Mossavar-Rahmani, according to an internal memo seen by Reuters on Thursday. • Mossavar-Rahmani, who has led the Investment Strategy Group and…...
Fed, eyeing inflation data, may lean toward a hike, traders bet
2+ day, 23+ hour ago (419+ words) Sept 10 (Reuters) – The Federal Reserve is a bit more likely to raise short-term borrowing costs at its meeting next week, traders bet on Thursday, after the first of this week’s key inflation reports. Data showed U.S. producer prices rose…...
Morning Bid: Forever war?
3+ day, 3+ hour ago (527+ words) Sept 10 (Reuters) – Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November’s midterm elections. That came amid the most intense attacks on Gulf shipping in the…...
Factbox-Sweden election: what you need to know
3+ day, 5+ hour ago (565+ words) Sept 10 (Reuters) – Sweden will hold a parliamentary election on September 13 with the centre-left opposition holding a slim lead in opinion polls over Prime Minister Ulf Kristersson’s ruling right-wing bloc. Kristersson is seeking to form a majority government with his existing…...
Citi Private Bank hires Radzinski from Bank of America
3+ day, 17+ hour ago (115+ words) wincountry.com Citi Private Bank hires Radzinski from Bank of America NEW YORK, Sept 9 (Reuters) – Citigroup’s Private Bank announced the hiring of Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients, according to an internal memo seen…...
Exclusive-TPG explores $5 billion sale of healthcare software company Lyric, sources say
3+ day, 18+ hour ago (314+ words) NEW YORK, Sept 9 (Reuters) – Private equity firm TPG is exploring the sale of Lyric, in a process that could value the software company which supports payments in the healthcare industry at about $5 billion, people close to the discussions said. The…...
Sweden’s Liberals clears parliament threshold in poll, pointing to close election
4+ day, 3+ min ago (189+ words) STOCKHOLM, Sept 9 (Reuters) – Support for Sweden’s Liberals party has risen further above parliament’s 4% threshold ahead of a general election on Sunday, a Novus survey indicated on Wednesday, pointing to a close race between the ruling right-wing bloc and the centre-left…...
Health Rounds: AstraZeneca drug reduces lung disease flare-ups in late-stage trials
4+ day, 3+ hour ago (872+ words) Sept 9 (Reuters) – Today we feature data from studies being presented at the ongoing European Respiratory Society Congress in Barcelona. A drug being developed by AstraZeneca significantly reduced flare-ups of chronic obstructive pulmonary disease in two late-stage trials, researchers reported on…...