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HP cuts annual profit forecast as tariffs weigh on demand
By Juby BabuMay 28 (Reuters) - HP Inc HPQ.N cut its annual profit forecast on Wednesday as it expects a moderation in PC market growth at a time when the global economic environment remains volatile.The uncertainty surrounding U.S. tariffs and associated inflationary pressures will negatively impact...Reuters
Wed, May 28
Other
Synopsys forecasts quarterly revenue largely above estimates
May 28 (Reuters) - Synopsys SNPS.O forecast third-quarter revenue largely above Wall Street estimates on Wednesday, driven by strong demand for its semiconductor design software, as companies ramp up spending on AI chips.The company projected current-quarter revenue between $1.76 billion and $1.79 b...Reuters
Wed, May 28
Commodities
CBOT wheat futures rise as USDA crop ratings fall
CHICAGO, May 28 (Reuters) - Chicago Board of Trade wheat futures firmed on Wednesday as U.S. Department of Agriculture crop ratings came in lower than expected. CBOT July soft red winter wheat WN25 settled up 1-3/4 cents at $5.30-1/4 a bushel.K.C. July hard red winter wheat KWN25 ended up 3/4 cent ...Reuters
Wed, May 28
Other
Salesforce raises annual revenue forecast
May 28 (Reuters) - Salesforce CRM.N raised its revenue forecast for fiscal 2026 on Wednesday, as the enterprise software provider ramps up monetization of its artificial intelligence agents in a bid to reinvigorate growth. The company expects revenue to be between $41 billion and $41.3 billion, comp...Reuters
Wed, May 28
Other
Hailey Bieber sells makeup brand Rhode to Elf Beauty in $1 billion deal
By Anuja Bharat Mistry May 28 (Reuters) - Model Hailey Bieber's makeup and skincare brand, Rhode, is being snapped up by Elf Beauty ELF.N for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millen...Reuters
Wed, May 28
Other
Deals of the day-Mergers and acquisitions
May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday :** Chipmaker Advanced Micro Devices AMD.O said it has acquired Enosemi, a builder of photonic integrated circuits, to expand its co-packaged optics offerings across AI systems.nL3N3S01A...Reuters
Wed, May 28
Other
MercadoLibre's fintech unit to apply for banking license in Argentina
SAO PAULO, May 28 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O said on Wednesday its fintech unit Mercado Pago will apply for a banking license from the central bank of Argentina.In a statement, Mercado Pago said the move is aimed at expanding "service offering within its 100%...Reuters
Wed, May 28
Other
urban-gro Inc expected to post a loss of 24 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on May 30 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 4.7% decrease in revenue to $17.945 million from $18.84 million a year ago, acco...Reuters
Wed, May 28
Commodities
CBOT soybeans weaken as planting progress moves rapidly
CHICAGO, May 28 (Reuters) - Chicago Board of Trade soybean futures lost ground on Wednesday as the U.S. Department of Agriculture reported planting progress ahead of the five-year average. CBOT July soybeans SN25 settled down 14 cents at $10.48-1/2 a bushel.CBOT July soyoil BON25 ended 0.64 cent low...Reuters
Wed, May 28
Other
EXCLUSIVE-Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say
By Echo Wang and Milana Vinn NEW YORK, May 28 (Reuters) - Cybersecurity firm Netskope has hired Morgan Stanley MS.N to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter.Netskope is aiming to go public as earl...Reuters
Wed, May 28
Stocks
US STOCKS-Indexes end down as Fed minutes digested; Nvidia results awaited
Nvidia, Salesforce results due after the bellDick's Sporting Goods up after first-quarter results beatBy Caroline Valetkevitch NEW YORK, May 28 (Reuters) - U.S. stock indexes closed lower on Wednesday as investors digested minutes from the last Federal Reserve meeting and awaited results ...Reuters
Wed, May 28
Stocks
Jefferies optimistic on revenue growth for Australia's Aristocrat Leisure
** Jefferies says upbeat land-based gross gaming revenues (GGR) data across the U.S. provides confidence in poker machine giant Aristocrat Leisure's ALL.AX fee per day (FPD) recovery in 2H25** Brokerage notes April GGR print to date indicates a 3.5% growth compared to the same period last year**...Reuters
Wed, May 28
Cryptocurrencies
XRP Marks Another Milestone As Dubai Brings $16 Billion In Real Estate Company To The Blockchain – Details
XRP has achieved another impressive milestone with the Dubai Land Department’s announcement of a $16 billion real estate tokenization project on the XRP Ledger (XRPL). This development has been lauded as one of the factors that could spark an XRP price rally. XRP Records Milestone With New Dubai Lan...NewsBTC
Wed, May 28
Cryptocurrencies
Top Cryptocurrencies to Consider Today: Ethereum (ETH), Ruvi AI (RUVI), and Cardano (ADA)
As investors look to cash in on the crypto boom, Ethereum (ETH), Ruvi AI (RUVI) and Cardano (ADA) are the top picks. Each of these cryptocurrencies has its unique strengths and offers huge long term growth and innovation potential. Ethereum (ETH): Smart Contract Pioneer Ethereum (ETH) is the leader in the blockchain space and the […]Cryptopolitan
Wed, May 28
Cryptocurrencies
Cardano (ADA) Price Prediction vs Mutuum Finance (MUTM): Which Top Crypto Are Smart Investors Stacking in June 2025?
Cardano (ADA) continues to show resilience, as of late May 2025. Despite facing stiff competition from newer tokens, ADA still commands investor interest due to its strong development roadmap, including on-chain governance upgrades and growing institutional attention. However, newer entrants like Mutuum Finance (MUTM) are starting to draw serious comparisons, especially among those eyeing faster […]Cryptopolitan
Wed, May 28
Other
Judge denies US Copyright Office director's request to halt her firing
By Blake Brittain May 28 (Reuters) - A federal judge in Washington, D.C., on Wednesday rejected U.S. Copyright Office Director Shira Perlmutter's emergency bid to block the Trump administration from firing her.U.S. District Judge Timothy Kelly ruled during a hearing that Perlmutter had not sh...Reuters
Wed, May 28
Cryptocurrencies
Brussels warns Trump’s 10% tariff is likely permanent
European Union trade negotiators have warned member governments that Washington’s new “reciprocal” tariffs are likely to stick, meaning deeper concessions may be the only route to avoid a full-scale trade war with the United States. Senior officials briefed national capitals, telling them that President Donald Trump’s 10% tariff on almost all imported goods will probably […]Cryptopolitan
Wed, May 28
Other
Global Payments to sell payroll unit to fintech Acrisure for $1.1 billion
Global Payments selling non-core units to streamline businessAcrisure bolsters payroll offerings with Heartland buyGlobal Payments to return proceeds to shareholdersBy Arasu Kannagi Basil and Pritam Biswas May 28 (Reuters) - Global Payments GPN.N said on Wednesday it would sell its payroll divisi...Reuters
Wed, May 28
