Within Back-up Care, our largest segment by earnings contribution, we outlined three key growth drivers: deepening penetration within our existing clients, expanding our ecosystem of care and education solutions, and winning new logos. Let me update you on our progress on all three fronts. Starting with deeper penetration, Back-up Care revenue grew 19% to $194…
By Lucia Mutikani WASHINGTON, July 30 (Reuters) – U.S. economic growth slowed in the second quarter as imports widened the trade deficit, but robust consumer spending and business investment related to the buildout of artificial intelligence infrastructure underscored strong domestic demand. The moderation reported by the Commerce Department in its snapshot of gross domestic product…
The artificial intelligence (AI) boom has become one of the most powerful forces driving the stock market, fueling massive gains in semiconductor companies, data-center suppliers, utilities, and the tech giants leading the spending race. At the center of that boom are hyperscalers like Alphabet (GOOGL), Meta Platforms (META), Microsoft (MSFT), and Amazon (AMZN). These companies…
July 30 (Reuters) – Data-center developer Nexus Data Centers is in advanced talks to raise $15 billion for a Texas campus tied to Anthropic, with Alphabet’s Google offering financial guarantees and supplying chips, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Big Tech has been pouring billions of dollars into…
By Alun John and Stefano Rebaudo LONDON/MILAN , July 30 (Reuters) – The bond market selloff after this week’s Federal Reserve meeting highlights the challenge policymakers face as they grapple with what higher energy prices and the uncertain consequences of AI advances will mean for their economies. The Fed left interest rates unchanged on Wednesday,…
By Anirban Sen and Manya Saini NEW YORK, July 30 (Reuters) – Situational Awareness, an AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, sold the bulk of its stock portfolio to Ken Griffin’s Citadel after being battered by heavy losses in its tech holdings, two sources familiar with the matter told Reuters on…
By Jonathan Stempel NEW YORK, July 30 (Reuters) – Coinbase won the dismissal on Thursday of much of a lawsuit in which customers accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as an exchange or broker-dealer. Customers sued over 60 tokens, including XRP and dogecoin, that they claimed were unregistered securities,…
By Gianluca Lo Nostro July 30 (Reuters) – French digital payments group Worldline lowered its 2026 revenue growth expectations on Thursday, saying a recovery in new business had taken longer than expected as banks delayed awarding contracts following the company’s recent setbacks. Worldline now expects flat to marginally positive revenue growth in 2026, compared with…
Bitcoin faced a fresh downside warning Thursday after economist and longtime crypto critic Peter Schiff said the selloff spreading through technology stocks could eventually reach the broader U.S. market and hit Bitcoin even harder. “The entire U.S. stock market is overpriced, not just tech. I also expect a much bigger selloff in Bitcoin,” Schiff wrote…
USDCAD declined after the Fed held as expected and advance US GDP for Q2 was lower than the consensus. The Bank of Canada held earlier in July and commented on an easing situation of inflation, which suggests that the current difference in rates is likely to persist and favour the greenback. There is some negativity…
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