Keysight forecast third-quarter profit below estimates on slow demand
(Reuters) - Electronic equipment maker Keysight Technologies forecast third-quarter profit below estimates on Monday, anticipating slow demand in electronics industrial markets amid high borrowing costs. Shares of Keysight, which provides electroni...
9h ago
Trump's social media company discloses inquiry from FINRA
(Reuters) -The owner of Donald Trump's social media company Truth Social said on Monday it had cooperated with an inquiry from the Financial Industry Regulatory Authority (FINRA) tied to its blank-check merger. The inquiry from FINRA, Wall Street's sel...
9h ago
Bitcoin rises to $70,206
(Reuters) - Bitcoin rose to $70,206 at 20:03 GMT on Monday, adding $3,931 to its previous close. The world's biggest and best-known cryptocurrency is up 82.3% from the year's low of $38,505 on Jan. 23. Ether, the coin linked to the ethereum blockch...
9h ago
Zoom Video raises full-year revenue forecast
(Reuters) -Zoom Video Communications raised its full-year revenue forecast on Monday, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models. The upbeat outlook suggests that Zoom's efforts to incorporate ar...
10h ago
Palo Alto Networks forecasts quarterly billings above estimates
(Reuters) - Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools. The company expects fourth-quarter billings...
10h ago
Exclusive-Sprout Social's founders in bid to take social media tools provider private, sources say
By Milana Vinn and Anirban Sen NEW YORK (Reuters) - The founders of Sprout Social are in talks to take the provider of social media tools to businesses private, changing course after listing the company in the stock market five years ago, people fa...
11h ago
Jabil replaces CEO after investigation, pulls 2025 forecast
(Reuters) - Jabil CEO Kenneth Wilson will leave immediately, the company said on Monday, following the completion of a previously disclosed investigation related to "corporate policies" and will be succeeded by finance chief Michael Dastoor. The el...
12h ago
Self-proclaimed bitcoin inventor lied 'repeatedly' to support claim, says UK judge
LONDON (Reuters) - An Australian computer scientist who claimed he invented bitcoin lied "extensively and repeatedly" and forged documents "on a grand scale" to support his false claim, a judge at London's High Court ruled on Monday. Craig Wright h...
16h ago
Crypto manager Grayscale appoints Goldman exec Peter Mintzberg as new CEO
(Reuters) - Grayscale Investments on Monday said it has appointed Goldman Sachs executive Peter Mintzberg as its Chief Executive Officer, effective mid-August, weeks after the digital asset manager withdrew its application for Ethereum futures ETF....
17h ago
Ukraine's Kyivstar allocated $90 million to deal with cyberattack aftermath
(Reuters) - Ukraine's leading mobile operator Kyivstar has allocated $90 million to deal with a suspect Russian cyberattack on its services and said it had hit its growth. The hack, described by its CEO as the biggest cyberattack on telecoms infras...
17h ago
Website creator Wix.com Q1 profit tops estimates, raises 2024 outlook
JERUSALEM (Reuters) - Wix.com, which helps small businesses build and operate websites, reported on Monday a higher-than-expected rise in quarterly net profit, boosted by its new artificial intelligence (AI) and Studio products for designing advanc...
19h ago
CyberArk to acquire Venafi in $1.5 billion deal
(Reuters) - Cybersecurity firm CyberArk said on Monday it will acquire Venafi from equity firm Thoma Bravo in a deal valued at around $1.54 billion. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Vijay Kishore)
20h ago
Microsoft to unveil AI devices and features ahead of developer conference
By Max A. Cherney SEATTLE (Reuters) - Microsoft plans to announce several pieces of hardware and software related to consumer devices on Monday at an event at its Redmond, Washington, campus. The Windows maker is expected to reveal a new version of...
20h ago
Google invests 1 billion euros in Finnish data centre to drive AI growth
HELSINKI (Reuters) - Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on M...
20h ago
Kirin's electric spoon leaps from Ig Noble infamy to the dinner table
By Tom Bateman TOKYO (Reuters) - Japanese drinks giant Kirin Holdings will start selling an electrified spoon that researchers claim can promote healthier eating by enhancing salty tastes without extra sodium. Monday's product launch marks the firs...
20h ago
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) - Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its p...
21h ago
Paris vies for Europe's AI crown as key conference beckons
By Martin Coulter LONDON (Reuters) - France will this week host tech executives and political figures including former U.S. secretary of state John Kerry, EU industrial chief Thierry Breton and ex-Google boss Eric Schmidt as it looks to assert Pari...
21h ago
Wall Street bets on stellar quarterly results from Nvidia
By Arsheeya Bajwa (Reuters) - Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of ...
22h ago
French startup Pasqal to deploy first quantum computer in Saudi Arabia
PARIS (Reuters) - Paris-based quantum computer startup company Pasqal announced it had signed a partnership with Saudi Arabia's state oil giant Aramco to install the first quantum computer in the country. Pasqal will install, maintain, and operate ...
May 20, 2024
Britain's AI safety institute to open US office
By Martin Coulter LONDON (Reuters) - Britain's artificial intelligence (AI) safety institute will open an office in the United States, hoping to foster greater international collaboration on the regulation of a fast-moving technology. Government of...
May 20, 2024
Venture capital funding in crypto rises to $2.4 billion, Pitchbook says
By Medha Singh (Reuters) - Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, Pitchbook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ...
May 20, 2024
South Korea, UK to co-host second global AI summit as boom fans risks
By Joyce Lee SEOUL (Reuters) - South Korea and the United Kingdom will co-host the second global AI summit in Seoul this week, as the breathtaking pace of innovation since the first AI summit in November leaves governments scrambling to keep up wit...
May 20, 2024
Didi co-founder Liu steps down after decade at helm of Chinese ride-hailing company
By Liam Mo and Sarah Wu BEIJING (Reuters) - Didi Global Inc's co-founder Jean Liu has stepped down from her roles as president and board director of China's biggest ride-hailing firm to take on a new role, according to an internal company memo. Did...
May 19, 2024
Musk arrives in Indonesia's Bali for planned Starlink launch
JAKARTA (Reuters) - Tycoon Elon Musk arrived on the Indonesian island of Bali on Sunday ahead of the planned launch of SpaceX's Starlink internet service, which the Indonesian government hopes will boost internet penetration and health services in ...
May 19, 2024
Britain's M&S sorry after website and app hit by 'technical issue'
LONDON (Reuters) - British retailer Marks & Spencer apologised to customers on Saturday after its website and app went offline for several hours due to a "technical issue". Visitors to the group's site were from around lunchtime greeted with the me...
May 18, 2024