By Stephen Nellis (Reuters) – Adobe Inc on Monday said it plans to introduce new artificial intelligence (AI) features into its video editing software used by the film and television industries. The tools will let video editors do things like change the lighting in a shot from midday to sunset or generate background music just…
By Andrew Chung WASHINGTON (Reuters) – An evangelical Christian former mail carrier’s fight with the U.S. Postal Service over his refusal to work on Sundays gives the Supreme Court another chance to widen religious rights but also has led to a debate over whether religious people are more legally deserving than others to weekend days…
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear Novartis Pharmaceuticals Corp’s bid to revive a key patent on its blockbuster multiple sclerosis drug Gilenya that was invalidated amid a legal dispute with China’s HEC Pharm Co Ltd. The justices turned away an appeal by Novartis of a lower court’s…
By Carolina Mandl NEW YORK (Reuters) – Big global money managers got rid of a high volume of Chinese equities in recent days, while adding U.S. energy shares to portfolios at a near-record pace, according to a Goldman Sachs report. Managers decided to sell Chinese equities amid heightened geopolitical tensions between the world’s second largest…
(Reuters) – State Street Corp reported a first-quarter profit on Monday that missed analysts’ estimates, hurt by a fall in fee income due to the recent U.S. banking crisis, sending the company’s shares down 10% in premarket trading. The collapse of two regional lenders in the United States last month shook investor confidence, raised liquidity…
(Reuters) – State Street Corp reported a first-quarter profit on Monday that missed analysts’ estimates, hurt by a fall in fee income due to the recent U.S. banking crisis, sending the company’s shares down 10% in premarket trading. The collapse of two regional lenders in the United States last month shook investor confidence, raised liquidity…
By Sruthi Shankar and Ankika Biswas (Reuters) -U.S. stock index futures were flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening. Wall Street closed lower on Friday after mixed economic data appeared to affirm…
By Yuvraj Malik (Reuters) – Netflix Inc is expected to report that it added some 2 million subscribers in the first quarter and investors will scrutinize whether recent price cuts and the launch of an ad-supported plan are tempting people to subscribe and stay on. The company, which lost 200,000 subscribers in the year-ago quarter,…
By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) – The Bank of Japan is considering a projection for consumer prices for the 2025 fiscal year to rise 1.6-1.9%, the Jiji news agency reported on Monday, in a move seen to keep market players from betting on the central bank to head to exit from stimulus….
FRANKFURT (Reuters) – The European Central Bank should stop relying on banks’ self-assessments when setting capital requirements and do its own homework instead, independent experts said on Monday. It was the most notable recommendation in a report commissioned by the ECB to evaluate its work on the key task as the euro zone’s top financial…
