Tag Archives: year

PayPal sees flat profit in ‘transition year,’ shares fall

PayPal sees flat profit in ‘transition year,’ shares fall

By Manya Saini (Reuters) – PayPal’s forecast of flat growth in adjusted profit for the current year overshadowed its market-beating earnings report, sending shares of the payments giant down 7% in extended trading. On a post-earnings call, newly appointed CEO Alex Chriss laid out a strategic plan to turn the company leaner in its pursuit of driving profitable growth and ease pressure on its shares, which was one of the worst performers on the Nasdaq 100 Index in 2023. “We want to be clear eye… Source link

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Microsoft’s next big AI push is here after a year of Bing

Microsoft’s next big AI push is here after a year of Bing

A year ago today, Microsoft unveiled its ambitious plans for an AI-powered Bing search engine. It was the biggest launch in the history of Bing, helped push AI usage even further into the mainstream, and spurred a wave of dreams and panic about what AI could impact next. The launch was even successful enough to rattle Google, which was quickly seen as falling behind on artificial intelligence. “They will definitely want to come out and show that they can dance,” Microsoft CEO Satya… Source link

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Trump ‘believes’ he’ll be convicted of overturning 2020 US election in trial this year

Trump ‘believes’ he’ll be convicted of overturning 2020 US election in trial this year

Donald Trump reportedly believes he will be convicted of attempting to overturn the result of the 2020 election in a trial later this year. The former president expects a jury in Washington DC will find him guilty of conspiring to “defraud the American people” on four charges that carry a maximum sentence of 20 years in prison, Axios reported on Friday, citing unnamed sources. Such a verdict could throw his reelection campaign into disarray. The trial was scheduled to begin on March 4 and… Source link

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