Profit guidance
Adobe CEO to step down in face of investor concerns over AI
Shantanu Narayen will remain in the position until a successor has been appointed
Air New Zealand suspends guidance as jet fuel fluctuates
The Middle East conflict has led to extreme volatility
HPE projects sales that top estimates on AI hardware demand
The company expects the memory chip shortage to continue well into next year
Dell expects AI server revenue to double in fiscal 2027 on data centre boom
Big tech firms are expected to spend at least US$630 billion to build AI infrastructure this year
Salesforce gives disappointing sales outlook, feeds AI fears
The company says that it expects “organic growth re-acceleration” in the second half of the year
Concord New Energy forecasts over 80% dip in profit for FY2025
This comes on the back of a decline in revenue and gross margin from its power generation business
Sony lifts outlook after record quarterly profit, music and sensor units shine
The Japanese conglomerate also announces an expansion in its share buyback scheme
Palantir jumps after stronger-than-expected sales outlook
The company has seen its shares soar by nearly 800% over the past two years
ExxonMobil, Chevron clock best month since 2022 as crude surges
The robust moves come alongside an upswing in oil prices and a broader rally
Tether’s annual profit drops 23% in midst of fundraising
USDT is the largest stablecoin, with over US$185 billion in circulation
