Author: potus

Shantanu Narayen, Chair and CEO of Adobe Systems, addresses the gathering on the first day of the three-day B20 Summit in New Delhi on Aug. 25, 2023.Sajjad Hussain | AFP | Getty ImagesAdobe shares closed down 14% following the company’s quarterly earnings report as investors fretted over lingering growth concerns and the software maker’s artificial intelligence monetization strategy.The sell-off came despite better-than-expected results, which included adjusted earnings of $5.08 per share and $5.71 billion in revenue. That surpassed analysts’ estimates of $4.97 in earnings per share and $5.66 billion in revenue, according to LSEG.Adobe called for $4.95 to $5.00 in…

Germany’s centrist politicians are losing votes to the far right and the far left. They are losing faith in America, their longtime friend and protector.And they are rapidly losing what could be their best chance to address both those problems at once.The German government in waiting, led by the likely next chancellor, Friedrich Merz, introduced a raft of measures to a lame-duck session of Parliament on Thursday that it was billing as an urgent response to President Trump and his administration’s threats to withdraw American military support for Europe.The package would rip away Germany’s signature limits on government spending and…

As the Trump administration works to dismantle the Department of Education, the nation’s public school system — which educates roughly 50 million students — faces critical changes. That’s why the U.S. education ecosystem is actively seeking ways to counteract diminished support through avenues like technology and, more specifically, artificial intelligence.From targeting states that fail to revoke diversity, equity and inclusion initiatives to targeting Dept. of Ed efforts related to disabilities and special education, the federal government is vastly reducing, if not eliminating, its education support, which contributes upwards of 13% of a school’s overall funding, according to the most recent…

Las guerras comerciales simultáneas del presidente Donald Trump con Canadá, México, China y la Unión Europea equivalen a una enorme apuesta económica y política: que los estadounidenses soporten meses o años de penuria económica a cambio de la lejana esperanza de reindustrializar el corazón de Estados Unidos.Es enormemente arriesgado. En los últimos días, Trump ha reconocido, a pesar de todas sus seguras predicciones de campaña de que “vamos a tener un auge como nunca antes hemos tenido”, que Estados Unidos puede dirigirse hacia una recesión, impulsada por su programa económico. Pero, en público y en privado, ha estado argumentando que…

The Binance logo is seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesBinance’s BNB token bucked the wider crypto downturn on Thursday, jumping 4% following a Wall Street Journal report that the Trump family has held talks to secure a financial interest in the U.S. arm of the world’s largest cryptocurrency exchange. Such a deal would notably link the Trumps to a firm that pleaded guilty to breaking anti-money laundering laws in 2023.According to the Journal, Binance first approached Trump allies last year, pitching a deal that could help the embattled exchange regain its footing in the…

WASHINGTON — The White House has directed the U.S. military to draw up options for increasing the American troop presence in Panama to achieve President Trump’s goal of “reclaiming” the Panama Canal, according to two U.S. officials familiar with the planning.During a joint address to Congress last week, Trump said, “to further enhance our national security, my administration will be reclaiming the Panama Canal.” Since then, administration officials have not said what “reclaiming” means.U.S. Southern Command is developing potential plans that vary from partnering more closely with the Panamanian military to the less likely option of U.S. troops seizing the Panama Canal by force,…

(The Center Square) – In an ongoing trial over protests during the construction of the Dakota Access Pipeline, Greenpeace brought in a critical witness Wednesday for questioning: Annie Leonard, Greenpeace USA’s executive director at the time of the protests. Years after protests over the Dakota Access Pipeline led to violent conflicts with law enforcement and eight years after the lawsuit was filed, Energy Transfer and Greenpeace have gone to trial. Energy Transfer finished installation of the roughly 1,200-mile pipeline in 2017 in the face of some intense protests by the Standing Rock Sioux Tribe. Greenpeace supported the protests, and the energy…

MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami.MoonPayCrypto payments giant MoonPay is expanding its push into the enterprise market with the acquisition of Iron, an API-first stablecoin infrastructure startup.This marks MoonPay’s second significant acquisition in two months, underscoring its ambition to dominate the rapidly growing stablecoin payments market.”We think everyone is going to have a digital currency wallet, whether it’s inside of a bank account or independently. And we build a backwards compatibility to the existing financial system,” MoonPay Co-Founder and CEO Ivan Soto-Wright told CNBC’s “Squawk Box” in an exclusive interview.Already, MoonPay makes it…

Intel Appoints Lip-Bu Tan as Chief Executive OfficerCourtesy: IntelIntel shares popped more than 16% after the struggling chipmaker named Lip-Bu Tan its new CEO and Wall Street cheered the turnaround attempt.Tan previously served as CEO of chip software maker and Intel supplier Cadence Design Systems, and will rejoin the board after departing last year. He replaces interim co-CEOs David Zinsner and MJ Holthaus who took the helm of the company after former CEO Pat Gelsinger’s ousting in December.The news brings an end to a tumultuous period for the once iconic American semiconductor company that’s shed billions in market value as…

Russia has yet to make any response to a 30-day ceasefire proposal agreed by the United States and Ukraine after representatives from both countries engaged in talks in Saudi Arabia’s Jeddah on Tuesday. National Security Advisor Mike Waltz, who attended the Jeddah talks, said during a news conference afterwards: “I will talk to my Russian counterpart in the coming days.” On Wednesday, Russian President Vladimir Putin, clad in military fatigues, visited Kursk for the first time since Ukraine’s incursion last year, hailing Russian war efforts. But experts say it is unlikely that Russia would accept the US-Ukraine proposal without demands of…