Salesforce reported earnings and revenue that exceeded analysts’ expectations, but provided a disappointing outlook for fiscal 2023. In extended trading on Wednesday, the stock fell 7per cent . The enterprise software maker announced that its board of directors has approved… Read More ›
Month: August 2022
NATO Is Looking Into The Sale Of Missile Firm Data By A Hacker
Nato is assessing the impact of a data breach involving classified military documents that was sold online by a hacker group. The information includes blueprints for weapons used by Nato allies in the Ukraine conflict. After stealing data linked to… Read More ›
OPEC Signals Possible Oil Output Cut, Oil Prices Rises
The Saudi Arabian signals that OPEC might reduce output helped oil prices end the day higher on Friday, but trading was choppy as investors processed and ultimately discounted the head of the U.S. Federal Reserve’s warnings about impending economic hardship…. Read More ›
Large Outflows Witnessed For Global Equity Funds Over Concerns Of Slowdown Predictions
In the week leading up to August 24, global equity funds saw the largest weekly capital outflow in five weeks due to worries that rate hikes would trigger a recession. Ahead of the annual Jackson Hole symposium of the Federal… Read More ›
Even As The US-China Rivalry Intensifies, Microsoft And ByteDance Are Working Together On A Significant AI Project
Lawmakers in The United States are growing more worried about the potential effects of losing the high-stakes competition between the U.S. and China for leadership in artificial intelligence on national security, the economy, and American prosperity. However, there is also… Read More ›
Amazon Not Likely To Place Bid For Electronic Arts
It is not anticipated that Amazon will make a bid to purchase Electronic Arts, according to reports citing sources. After USA Today reported that Amazon would reveal Friday that it plans to make a bid for the video game publisher,… Read More ›
UK Energy Prices Will Increase By 80% In October, According To The Regulator
In response to calls from advocacy groups, think tanks, and politicians for the government to address the cost-of-living crisis, Britain’s energy regulator announced Friday that it will increase its main cap on consumer energy bills to an average of £3,549… Read More ›
Honda Is Thinking About Cutting Its Ties To China, According To Sankei
According to a report in the Sankei newspaper on Wednesday, Honda Motor Co. Ltd. is thinking about creating a different supply chain to lessen its reliance on China. This would be a highly visible move by a significant Japanese manufacturer…. Read More ›
Post Welfare Boost, Surprise Sales Growth Reported By UK Retailers
According to figures released by the Confederation of British Industry on Thursday, British retailers reported their strongest sales in August in nine months, defying predictions for a decline as the cost-of-living squeeze hits households. The CBI’s retail sales balance for… Read More ›
China Declares Its First National Drought Emergency Amidst Extreme Heat
China declared its first drought emergency of the year as the country battles the record-breaking heatwave, causing the Yangtze River to dry up in some areas and placing stress on the power grid. After China’s central and southern provinces endured… Read More ›