18 June

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Adobe Earnings, Revenue beat in Q2 By Investing.com

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Adobe (NASDAQ:ADBE) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Adobe announced earnings per share of $3.03 on revenue of $3.84B. Analysts polled by Investing.com anticipated EPS of $2.81 on revenue of $3.73B. Adobe shares are up 10% from the beginning of the year and are trading at $558.00 , down-from-52-week-high.They are broadly in line with the Nasdaq which is up 9.88% from the start of the year. Adobe shares gained 1.31% in after-hours trade the report. Adobe follows other major Technology sector earnings this month ...

18 June

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Chinese scientists ensnared in U.S. visa fraud legal battle By Reuters

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By Jane Lanhee Lee SAN FRANCISCO (Reuters) - For Chinese brain researcher Song Chen, a visiting scholar at Stanford University when she was arrested last July on a visa fraud charge, a court hearing last month in San Francisco brought some hope. U.S. District Judge William Alsup expressed skepticism about the FBI's failure to inform Song of her rights when she was first interrogated, calling its tactics a "gimmick." He'd previously rejected requests from the prosecution that evidence in her case be kept secret on national security grounds, a decision the U.S. government is appealing. ...

18 June

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Shut stadium pushes Manchester United to third-quarter loss By Reuters

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(Reuters) -Manchester United Plc posted a 21.7 million pounds ($30.20 million) loss in the first three months of 2021 due to the near absence of matchday sales as its iconic Old Trafford stadium stayed shut due to the coronavirus pandemic. Matchday sales slumped to 1.6 million pounds in the quarter compared to 29.1 million a year earlier as the English Premier League club lamented the absence of fans at its stadiums. Total revenue slid 4.4% from last year, with Executive Vice Chairman Ed Woodward saying it proved spectators were "the lifeblood of the game". The club...

17 June

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Analysis: As Fed wakes sleeping dollar, jolted bears may bolster gains By Reuters

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By Saqib Iqbal Ahmed and Saikat Chatterjee (Reuters) - A hawkish shift from the Federal Reserve has woken up a slumbering dollar, sending the U.S. currency to its highest level in months and stoking expectations that an unwind of bearish positions could fuel more gains. The dollar was on track for its biggest two-day percentage increase against a basket of major currencies in 15 months on Thursday and stands at its highest level since mid-April, a day after the central bank shifted its first projected rate increase into 2023 in the face of surging inflation....

17 June

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Leader of Northern Ireland’s DUP Poots to step down By Reuters

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BELFAST (Reuters) - The leader of Northern Ireland's Democratic Unionist Party Edwin Poots is to step down just three weeks after taking power, he said in a statement. "I have asked the party Chairman to commence an electoral process within the party to allow for a new leader of the Democratic Unionist Party to be elected," Poots said. ...

17 June

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S&P 500 Ends Flat, but Tech Basks in Post-Fed Glory By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 ended flat Thursday as tech was lifted by falling bond yields but gains for the broader market were kept in check by falling cyclical stocks following the Federal Reserve's hawkish turn a day earlier. The S&P 500 fell 0.06%. The Dow Jones Industrial Average was down 0.62%, or 210 points, and the Nasdaq Composite was up 0.87%. The move lower in Treasury yields suggests that we're on a path to lower growth at a time when the Fed's view that inflation is transitory gains in popularity, creating the...

17 June

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Yield on 30-Year Treasuries Tumbles as Curve Continues to Flatten By Bloomberg

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(Bloomberg) -- Long-term Treasury yields spiraled lower a day after the Federal Reserve pulled forward its signal for when monetary policy tightening may start, helping dim risk that inflation expectations could become unmoored. The 30-year bond yield fell to 2.07% Thursday, its lowest since Feb. 19. The drop in long-end yields comes as the central bank penciling in two rate hikes by the end of 2023 has reined in prices of shorter-term debt. That drove the yield curve, as measured by the gap between 5- and 30-year debt yields to its least since November, at about...

17 June

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JPMorgan buys investment platform Nutmeg in UK retail push By Reuters

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By Iain Withers and Anna Irrera LONDON (Reuters) -JPMorgan Chase has bought British digital wealth manager Nutmeg as part of the U.S. bank's expansion into the UK retail banking and investment market. The U.S. bank is looking to take on established British retail banking rivals and a growing band of fintechs with plans to become a full-service retail bank under its Chase brand. It will compete with Goldman Sach's consumer brand Marcus, which launched in Britain in 2018. Nutmeg - which has more than 140,000 clients and more than 3.5 billion pounds ($4.89 billion) in...

17 June

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Nvidia Jumps On Jefferies Upgrade As Shift In Computing Seen Helping By Investing.com

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By Dhirendra Tripathi Investing.com – Nvidia (NASDAQ:NVDA) shares were up more than 5% Thursday, boosted by Jefferies' (NYSE:JEF)’ revised target of $854 for the stock, an upside of approximately 14% even after accounting for the session’s uptick. “We see Nvidia as a major beneficiary of the 4th tectonic shift in computing, in which parallel processing captures share in the computing market,” Jefferies’ Mark Lipacis said in a note carrying the Street-high target. According to Lipacis, Nvidia’s decade-long investment in CUDA has resulted in a multi-year competitive advantage. CUDA is a parallel computing platform and programming model...

17 June

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Nvidia to invest at least $100 million in UK supercomputer, CEO says By Reuters

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By Stephen Nellis (Reuters) - Nvidia Corp's chief executive on Thursday said the company will spend at least $100 million on a supercomputer in the United Kingdom. Speaking at The Six Five Summit, CEO Jensen Huang said Nvidia will spend "$100 million, just as a starting point" on the Cambridge-1 supercomputer. Nvidia had said in October it planned to spend 40 million pounds, or about $55.6 million, on the project. Nvidia is in the process of acquiring U.K.-based chip technology firm Arm Ltd for $40 billion from Japan's SoftBank Group Corp. The deal faces pushback from...

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News

Adobe Earnings, Revenue beat in Q2 By Investing.com

Chinese scientists ensnared in U.S. visa fraud legal battle By Reuters

Shut stadium pushes Manchester United to third-quarter loss By Reuters

Analysis: As Fed wakes sleeping dollar, jolted bears may bolster gains By Reuters

Leader of Northern Ireland’s DUP Poots to step down By Reuters

S&P 500 Ends Flat, but Tech Basks in Post-Fed Glory By Investing.com

Yield on 30-Year Treasuries Tumbles as Curve Continues to Flatten By Bloomberg

JPMorgan buys investment platform Nutmeg in UK retail push By Reuters

Nvidia Jumps On Jefferies Upgrade As Shift In Computing Seen Helping By Investing.com

Nvidia to invest at least $100 million in UK supercomputer, CEO says By Reuters

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