Author: Anthony M. Orbison
By Siddarth S (Reuters) – Shares of Adobe (NASDAQ:) fell nearly 10% in premarket trading on Thursday after the Photoshop maker’s downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected. “While the company remains on track with its GenAI product roadmap, we think the lack of … explicit monetization metrics has made it harder for investors to get comfortable with the progress,” RBC analyst Matthew Swanson said. The San Jose, California-based company on Wednesday forecast fiscal 2025 annual revenue between $23.30 billion and $23.55 billion, compared with the…
President-elect Donald Trump has been making headlines in the cryptocurrency industry. Trump has come a long way from condemning Bitcoin (BTC) to embracing it. While several partially regarded BTC’s $100,000 milestone to Trump, the former president took full credit.Highlighting the king coin’s 50% uptick since his election win, he said:“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!”However, the real question is whether Trump made any profits from the recent market surge.Also Read: How High Will XRP Trade On Christmas Day?Looking Into Donald Trump’s PortfolioSource – Arkham IntelligenceIt seems like Trump is keen on altcoins and meme…
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldEvery day, the journalist’s worldview clashes with the academic historian’s. Journalists tend to emphasise the role of individuals in making history. Perhaps that’s because no storyteller ever thought, “The thing that would really drive this narrative are some impersonal structural forces.” The focus on individuals used to be called “Great Man theory”. Its chief proponent, 19th-century historian Thomas Carlyle, wrote, “The history of the world is but the biography of great men”. Diarmaid MacCulloch of Oxford university has proposed removing…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.A high-quality bag that can be used on a daily basis is a great option for a gift idea that is both functional and fashionable — and right now, you can also get a ton of styles for a highly discounted price. One great choice is this $350 Coach Ellie File Bag that is being sold at Coach Outlet for only $105. That’s 70% off the original price! Though this sale is specifically for the white colorway,…
A widely followed cryptocurrency analyst and trader is predicting one top 20 altcoin will soon have an explosive breakout. The analyst pseudonymously known as Bluntz tells his 304,200 followers on social media platform X that Ethereum (ETH)-based decentralized oracle Chainlink (LINK) may surge after completing an ABC correction on the 12-hour chart. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to see more rallies after concluding an ABC wave pullback. “LINK continues to look strong here against USD and BTC pair. Working real hard on the range breakdown reclaim, I think this will be at…
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(Reuters) – Italian banks have started to disclose the minimum best-quality capital requirements for 2025 set by the European Central Bank under its Supervisory Review and Evaluation Process (SREP). The SREP process provides an overall assessment of the challenges that significant lenders face, resulting in solvency requirements and other supervisory measures they are expected to comply with for the year ahead. Here are the SREP requirements for 2025 disclosed so far by the Italian banks: BANK 2025 SREP CET1 2024 SREP CET1 CET1 RATIO REQUIREMENT REQUIREMENT END-SEPT BPER BANCA 8.93% 8.54% 15.8% CREDEM 8.60% 7.60% 15.8% FINECOBANK 8.27% 8.19% 27.3%…
Spot Bitcoin exchange-traded funds in the United States recorded their tenth consecutive day of inflows on Dec. 11, with $223.03 million entering the funds as Bitcoin climbed back above the $100,000 mark. According to data from SoSoValue, the majority of inflows on Dec. 11 went into Fidelity’s FBTC, which saw $121.9 million in new investments, extending its inflow streak to ten days. ARK and 21Shares’ ARKB fund and Grayscale’s GBTC also contributed significantly, with inflows of $52.67 million and $20.13 million, respectively. Additionally, Grayscale Bitcoin Mini Trust, Biwise’s BITB, and VanEck’s HODL funds received more modest inflows of $15.74 million,…
By Raul Cortes MEXICO CITY (Reuters) – Newmont’s Mexican division said on Wednesday it sees an “openness for dialogue” from the Mexican government, amid the proposed increase in mining royalties, which could potentially hinder billions of dollars in investments. WHY IT’S IMPORTANT The proposed increase in mining royalties could block more than $6.9 billion in investments over the next two years, according to the country’s mining chamber, adding to the challenges impacting the sector such as previous administrative decisions and potential legal reforms. Newmont, a global leader in gold mining, operates the huge Penasquito open-pit gold mine in Mexico which…
“Squid Game” has been a huge value driver for Netflix.The South Korean show generated an estimated $900 million in impact value after its 2021 release, Bloomberg reported.This metric reflects the financial contribution of the series to subscriber growth, retention, and overall platform engagement.💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸Within its first four weeks, more than 142 million households watched the show’s first season.Now, “Squid Game Season 2” is hitting Netflix on Dec. 26.The twists in “Squid Game Season 2” may be a mystery, but one thing is certain: ads.In late 2022, Netflix launched a…