Accenture posted stronger-than-expected first-quarter results on Thursday, helped by rising demand for artificial intelligence-led IT services, as clients increasingly turn to automation and machine learning to overhaul operations. The technology consulting firm reported revenue of $18.7 billion for the quarter, up 6% from a year earlier and ahead of Wall Street expectations of $18.53 billion.
The GE Vernova stock price suffered a harsh reversal as it plunged by over 10% in a single day. It bottomed at $614, down by 15% from its highest level this year, erasing some of the gains it made recently when it boosted its payouts to investors. GE Vernova stock price drops amid AI concerns
Warner Bros. Discovery on Wednesday recommended that shareholders reject an unsolicited takeover proposal from Paramount, escalating the high-stakes battle for control of the media group. In a sharply worded letter, the board said the offer raised serious concerns about funding certainty and accused Paramount’s backers, Larry and David Ellison, of repeatedly misleading investors about the
Yearn Finance, one of the leading decentralised finance (DeFi) protocols, has suffered a significant setback as its legacy TUSD vault fell victim to a sophisticated exploit. According to security firm PeckShield, attackers managed to extract approximately $300,000, converting the stolen assets into 103 Ether now held at the address 0x0F21…4066. PeckShieldAlert @PeckShieldAlert ·Follow #PeckShieldAlert YearnFinanceV1
The Artificial Super Intelligence (ASI) Alliance said ASI:Cloud has begun processing live workloads, marking a significant step in its push to provide decentralized, enterprise-grade AI infrastructure to developers and researchers. The platform offers permissionless access to GPU compute and AI inference services, positioning itself as an alternative to centralized cloud providers at a time of
Shares of Oracle fell sharply on Wednesday after a report raised fresh questions about financing for one of the company’s flagship artificial intelligence infrastructure projects. Oracle stock dropped more than 1% in premarket trading after the Financial Times reported that Blue Owl Capital would not back a proposed $10 billion data centre deal. Losses deepened
Nvidia’s stock dropped over 2% on Wednesday as investors cashed in gains after a powerful run-up. Wednesday’s sell-off marks a classic bout of profit-taking in one of this year’s most crowded trades. The pullback came after months of outperformance and arrived as fresh headlines on competition, China export rules, and shifting macro sentiment gave traders
Bitcoin’s price remained stuck in a narrow range as a series of macroeconomic factors kept market activity constrained. The total crypto market cap edged slightly lower, with buying and selling pressure both subdued during a week filled with key macro developments. As of press time, overall market capitalisation hovered just above the $3 trillion mark.
Medline stock made a blockbuster debut on Wednesday with its IPO listing at $29 per share. The company raised roughly $6.26 billion and hit the public markets with an implied valuation near $50 billion, making it the year’s biggest listing. The Northfield, Illinois-based medical-supplies giant, backed by Blackstone, Carlyle, and Hellman & Friedman, upsized the
Tesla stock came under pressure on Wednesday after touching an all-time high earlier in the session, as investors reacted to fresh regulatory scrutiny in California that could complicate the company’s ambitions for self-driving technology. The stock was down more than 3% at around $476, retreating from record levels reached earlier in the day. The pullback