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Meta To Keep Political Advertisers Away From Generative AI Ads Tools
Meta Platforms Inc., the owner of social media apps Facebook and Instagram, decided to bar political campaigns and advertisers in regulated industries from using its new generative artificial intelligence or AI-based advertising products. With this move, Meta aims to prevent the possible misuse of AI-based tools and the spread of election misinformation.
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612 days ago
U.S. Trade Deficit Widens More Than Expected In September
A report released by the Commerce Department on Monday showed the U.S. trade deficit widened by more than expected in the month of September. The Commerce Department said the trade deficit increased to $61.5 billion from a revised $58.7 billion in August.
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612 days ago
Gen Digital Q2 Adj. EPS Meets Estimates; Maintains FY23 Outlook
Gen Digital, Inc. (GEN) reported Tuesday that net income for the second quarter surged to $149 million or $0.23 per share from $69 million or $0.12 per share in the prior-year quarter.
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612 days ago
German Industrial Output Falls Further, Construction Activity Downturn Deepens
Germany's industrial production declined for the fourth straight month in September and the downturn in construction deepened further, reinforcing fears of a recession at the end of the year. pIndustrial output registered a monthly fall of 1.4 percent, faster than the revised 0.1 percent drop in August, data published by Destatis revealed on Tuesday. This was the fourth consecutive decline.
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612 days ago
Bay Street Likely To Open Lower
Canadian shares are likely to open weak on Tuesday, tracking subdued European stocks, and falling commodity prices. With the focus on the upcoming speeches by Federal Reserve Chair Jerome Powell, and officials from European and U.K. central banks, the mood is likely to remain cautious.
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612 days ago
HireRight Q3 Results Top Estimates; Maintains FY23 Outlook
HireRight Holdings Corp. (HRT) reported Tuesday a net loss for the third quarter of $1.7 million or $0.02 per share, compared to net income of $93.3 million or $1.17 per share in the prior-year quarter.
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612 days ago
Bluebird Bio Q3 Loss Narrows, Tops Estimates; Revenues Miss Estimates
Bluebird Bio, Inc. (BLUE) reported Tuesday a net loss for the third quarter of $71.73 million or $0.66 per share, narrower than $76.52 million or $0.94 per share in the prior-year quarter.
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612 days ago
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Elanco Animal Health Boosts FY23 Adj. EPS, Revenue Outlook As Q3 Results Top Estimates
Elanco Animal Health Inc. (ELAN) reported Tuesday a net loss for the third quarter of $1.10 billion or $2.22 per share, sharply wider than $65.0 million or $0.13 per share in the prior-year quarter.
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612 days ago
RBA Hikes Key Rate To 12-Year High
Australia's central bank raised its benchmark rate by a quarter-point to a 12-year high, ending a four-session long pause, as inflation is likely to be more persistent than estimated though policymakers suggested that any further tightening is off the table. The policy board of the Reserve Bank of Australia, headed by Governor Michele Bullock, decided to lift the cash rate target by 25 basis poin
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612 days ago
Zimmer Biomet Trims FY23 Revenue Growth Outlook - Update
While reporting financial results for the third quarter on Tuesday, medical technology firm Zimmer Biomet Holdings Inc. (ZBH) reaffirmed its adjusted earnings outlook for the full-year 2023, while trimming annual revenue growth guidance.
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612 days ago
GEO Group Q3 Revenues Top Estimates; Backs FY23 Revenue Outlook
The GEO Group, Inc. (GEO) reported Tuesday that net income attributable to the company for the third quarter declined to $24.52 million or $0.16 per share from $38.34 million or $0.26 per share in the prior-year quarter.
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612 days ago
SoftBank-backed WeWork Files For Bankruptcy
Flexible space provider WeWork, which is backed by Japanese technology major SoftBank Group, filed for Chapter 11 bankruptcy protection. The company, which was once valued at $47 billion, has entered into restructuring support agreement with its key financial stakeholders, with a view to drastically reducing its existing funded debt.
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612 days ago
Adecco Group Reiterates Financial Goals And Capital Allocation Metrics
Ahead of its Capital Markets Day in London later on Tuesday, talent company Adecco Group (AHEXY.PK, ADO.L) reiterated its financial goals and capital allocation metrics.
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612 days ago
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