(Reuters) -Adobe beat Wall Street expectations for first-quarter revenue on Wednesday, benefiting from strong spending on its portfolio of design products that boast artificial intelligence features. The company reported revenue of $5.71 billion, beating estimates of $5.66 billion, according to data compiled by LSEG. Adobe reaffirmed its annual revenue forecast and its CEO said the […]
Global trade to grow despite US tariff policies, says DHL Group CEO
By Lisa Baertlein (Reuters) – Global trade is forecast to grow, albeit less robustly, as the world reacts to U.S. President Donald Trump’s tariff policies, Germany’s DHL Group CEO Tobias Meyer told Reuters on Wednesday. “That outlook is mainly based on the 75% of global trade that does not touch the U.S.,” said Meyer, who […]
US judge temporarily blocks Trump order targeting law firm Perkins Coie
By Mike Scarcella WASHINGTON (Reuters) – A U.S. judge has agreed to temporarily block implementation of President Donald Trump’s executive order to strip security clearances and take other actions against prominent law firm Perkins Coie over its policies promoting workforce diversity and its work for his 2016 election rival Hillary Clinton. U.S. District Judge Beryl […]
AI to fuel bumper year for M&A in US power sector
By David French, Isla Binnie and Mrinalika Roy (Reuters) – Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious appetite for assets as the sector gears up to meet massive demand growth from data centers for artificial intelligence. Record power demand and dizzying projections […]