Adobe, the software giant, saw a sharp decline in its shares during extended trading on Wednesday, dropping more than 6%. The company’s underwhelming forecast for 2024 left investors disappointed. Despite beating estimates for its latest quarter’s earnings and revenue, Adobe’s guidance failed to meet Wall Street’s expectations. In the fiscal fourth quarter, Adobe’s revenue grew
Etsy, the renowned e-commerce platform known for its handmade items and connections with local artisans, is facing significant challenges as it navigates a “very challenging” macro and competitive environment. In response to these difficulties, the company has made the difficult decision to lay off approximately 11% of its workforce, amounting to around 225 employees, during
In an incident that left residents shocked and emergency services scrambling, a massive explosion followed by a raging fire has caused chaos and devastation in Treforest, South Wales. The explosion occurred at the Mindset Gym located on Severn Road in the industrial estate, leading to a large fire that quickly engulfed the building. Firefighters are
In a recent development, a federal judge has decided to put a pause on Donald Trump’s election interference case. The former president had appealed the judge’s decision to not dismiss the criminal charges against him on the grounds of presidential immunity. This ruling could potentially delay the start of Trump’s trial, which was originally set
Steven Yeun and producer Christina Oh have joined forces to establish Celadon Pictures, a production company that aims to create groundbreaking content for both film and television. This collaboration stems from their successful partnership on Bong Joon-Ho’s “Okja” and the critically acclaimed “Minari,” which earned them Oscar nominations. With Celadon Pictures, Yeun and Oh are
The Federal Reserve has made the decision to keep its key interest rate steady for the third consecutive meeting, signaling a sense of stability in the economy. The benchmark overnight borrowing rate will remain in the targeted range of 5.25% to 5.5%. This decision was made by the policymakers on the Federal Open Market Committee
El Salvador, the first country in the world to adopt Bitcoin as legal tender, is now introducing a new initiative called the Freedom Visa. This donation-based citizenship program aims to attract tourists and boost the country’s economy. The program allows individuals to obtain a residency visa by donating a million dollars worth of Bitcoin or
The Centers for Medicare & Medicaid Services (CMS) recently announced that health spending in the U.S. reached a staggering $4.5 trillion in 2022, representing a 4.1% increase from the previous year. While this growth is higher than the 3.2% increase observed in 2021, it falls significantly short of the remarkable 10.6% growth experienced in 2020.
The LIV Golf League, known for its innovative 54-hole format that combines individual and team golf, has been making waves in the golfing world. In recent news, the addition of Spain’s Jon Rahm, the third-ranked golfer in the world, has only solidified the league’s credibility and appeal. LIV Golf League CEO and commissioner Greg Norman,
Renowned investor Mike Novogratz, a longtime supporter of Joe Biden, has made a surprising shift in his political alliances. Novogratz is now fundraising for Rep. Dean Phillips, who is challenging Biden in the Democratic primary. This unexpected move has caught the attention of many in the political sphere. Novogratz, the CEO of Galaxy Investment Partners,