Salesforce faces prolonged deal closures and cautious client spending, prompting Citi to reduce its price target by $12. Citi cut its price target on Salesforce (CRM) to $188 from $200, citing weak enterprise software spending trends. The firm noted customers are taking lo
Markets have been rallying on hopes that Middle East tensions are easing and a ceasefire is within reach. JPMorgan Chase CEO Jamie Dimon flew to Paris, sat down with Bloomberg, and pushed back on that entire premise His exact words were carefully chosen. And what he
HOUSTON, May 14 Lawyers representing Venezuela told a U.S. court this week that the value of Venezuela-owned U.S. refiner Citgo Petroleum has increased since the sale of its parent company was ordered late last year, which should prevent the execution of the process. A Del
China commits to no military support for Iran and agrees to purchase 200 Boeing aircraft, signaling economic ties amid geopolitical tensions. China has agreed not to provide military equipment to Iran and will purchase 200 Boeing jets, according to recent remarks. The comm
Kevin Warsh replaces Jerome Powell after pledging to overhaul Fed communication and reduce political influence. The US Senate confirmed Kevin Warsh as Federal Reserve chair by a 54-45 vote, securing his four-year term to succeed Jerome Powell. Warsh, a former Fed governor,
Key Points - Tariffs affect a wide range of industries, from traditional manufacturing to modern AI development. - Consumers and small businesses will feel the impact through higher costs for physical goods and digital services. - The shift toward domestic production often...
Global oil inventories fell at an unprecedented rate last month due to supply disruptions from Middle East conflict. Global oil stockpiles declined by 4 million barrels per day in April, the fastest drawdown on record, as supply disruptions from the Middle East conflict ti
The Senate Banking Committee begins markup of the Clarity Act, aiming to regulate crypto markets after resolving stablecoin yield disputes. The Senate Banking Committee is debating and voting on amendments to the Digital Asset Market Clarity Act, a key crypto regulation bi
Saudi Arabia floats Middle Eastern non-aggression pact with Iran - FT Saudi Arabia has discussed the idea of a non-aggression pact between Middle East states and Iran as part of talks with allies on how to manage regional tensions once the US-Israeli war with the Islamic... <
LONDON, May 14 AI fervour kept world stocks at record highs on Thursday as investors looked past rising borrowing costs, a high-stakes summit between U.S. President Donald Trump and China's Xi Jinping, and a live political crisis in Britain The pan-European STOXX 60
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