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Adobe raises annual revenue and profit forecasts on strong design software demand

(Reuters) -Adobe raised its fiscal 2025 revenue and profit forecasts on Thursday, signaling strong demand for its design software and increased monetization of its artificial intelligence tools. Shares of the San Jose, California-based company rose around 4% in extended trading. Adobe’s offerings, including Photoshop, InDesign, Acrobat ...
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Boeing falling behind on certifying its 777X, CEO says

By Dan Catchpole SEATTLE (Reuters) -Boeing CEO Kelly Ortberg said on Thursday that the planemaker is falling behind schedule on certifying the 777-9, its newest widebody jet. The company expects to deliver the first 777X jet in 2026, six years later than anticipated when the program ...
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Trading Day: Easy does it, fresh peaks for Wall St

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  A surge in U.S. jobless claims to a four-year high on Thursday cemented investors’ bets for a Fed rate cut next week, weighing on the dollar and ...
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Wall Street indexes post record-high closes; Tesla and Micron rally

(Reuters) – Wall Street’s main indexes notched record-high closes on Thursday following gains in Tesla and Micron Technology, while U.S. inflation and jobless data fueled expectations that the Federal Reserve will cut interest rates this month. U.S. consumer prices rose more than expected in August ...
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Chemicals maker Dow sees positive polyethylene price action in September

By Pooja Menon (Reuters) -Dow CEO Jim Fitterling said on Thursday the polyethylene market is setting up for positive price action in September following a dip in the second quarter due to tariff uncertainties. “There’s no sign that there’s a massive inventory build. There’s no ...
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Embraer eyes 100 commercial jet deliveries per year in 2028, CEO says

By Gabriel Araujo (Reuters) -Embraer expects to reach 100 commercial aircraft deliveries per year in 2028, its CEO told Reuters, adding that supply chain issues will likely keep the Brazilian planemaker from hitting that mark sooner. The world’s third-largest planemaker has increased annual deliveries since 2021 ...
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FTC launces inquiry into AI chatbots acting as companions and their effects on children

The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions. The FTC said Thursday it has sent letters to Google parent Alphabet, Facebook and ...
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Paramount Skydance prepares Ellison-backed bid for Warner Bros Discovery, WSJ reports

(Reuters) – Paramount Skydance is preparing a majority cash bid for Warner Bros Discovery that is backed by the Ellison family, the Wall Street Journal reported on Thursday. Shares of Warner Bros jumped nearly 30% while Paramount was up 7% ...
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Southwest Airlines explores long-haul flights in strategy shift

CHICAGO (Reuters) -Southwest Airlines CEO Bob Jordan said on Thursday the company is looking at long-haul international flights and premium airport lounges as part of its turnaround strategy. Jordan said while the company will have to look at a wide-body aircraft for long-haul international service, ...
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US sues Uber, alleges disability discrimination

(Reuters) -The U.S. government on Thursday sued Uber Technologies, accusing the ride-sharing company of discriminating against passengers with disabilities. The lawsuit seeks injunctive relief, monetary damages and a civil fine for alleged violations of the federal Americans with Disabilities Act.(Reporting by Jonathan Stempel in ...
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Oracle’s blockbuster surge shows AI trade’s growing influence on market

By Noel Randewich and Lewis Krauskopf (Reuters) -Wall Street’s “AI trade” has propelled the market to record highs this year, and Oracle’s stunning share-price gains are giving investors another reason to back the trade. Oracle shares jumped 36% on Wednesday after the company pointed to a ...
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US energy secretary downplays climate risks as Washington seeks EU gas deals

By Julia Payne and Timothy Gardner BRUSSELS/WASHINGTON (Reuters) -U.S. Energy Secretary Chris Wright downplayed the risks of climate change as he promoted Washington’s return to a “commonsense energy policy” on Thursday, while the Trump administration worked to boost oil and gas sales to Europe and ...
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