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Consumers seek $2.36 billion from Google after privacy verdict
Reuters· 2025-10-23 14:07
Core Points - U.S. Google users have won a $425 million jury verdict in a consumer privacy class action lawsuit [1] - The plaintiffs are now seeking to compel Alphabet to forfeit an additional $2.36 billion in profits [1] Group 1 - The jury verdict of $425 million is a significant financial outcome for the plaintiffs involved in the class action [1] - The request for an additional $2.36 billion indicates the plaintiffs' belief that the profits generated by Google from the alleged privacy violations should be returned [1]
WPP cuts out the agency to help brands create their own ads with AI
Reuters· 2025-10-23 14:01
Group 1 - The core point of the article is that British advertising group WPP is allowing brands to utilize its AI-powered marketing platform for planning, creating, and publishing their own campaigns [1] Group 2 - WPP's initiative reflects a growing trend in the advertising industry towards leveraging artificial intelligence to enhance marketing strategies [1] - The move is expected to empower brands by providing them with more control over their marketing efforts through advanced technology [1] - This development may signify a shift in how advertising agencies operate, potentially increasing competition among firms that offer similar AI-driven solutions [1]
Super Micro cuts first-quarter revenue forecast
Reuters· 2025-10-23 13:27
Core Viewpoint - Super Micro Computer has reduced its first-quarter revenue forecast due to changes in customer delivery schedules related to significant artificial intelligence contracts [1] Group 1 - The company cited a shift in customer delivery schedules as the primary reason for the revenue forecast adjustment [1]
Rivian to lay off more than 600 workers amid EV pullback, WSJ reports
Reuters· 2025-10-23 13:06
Core Insights - Electric-vehicle maker Rivian Automotive is planning to lay off more than 600 employees, as reported by the Wall Street Journal, citing sources familiar with the matter [1] Company Summary - Rivian Automotive is facing significant workforce reductions, indicating potential challenges in its operational strategy and market conditions [1]
Dover lifts 2025 profit outlook on AI infrastructure demand
Reuters· 2025-10-23 13:02
Core Viewpoint - Industrial equipment maker Dover has raised its full-year adjusted profit forecast, indicating confidence in resilient demand for its industrial equipment despite ongoing tariff uncertainties, which resulted in a 2% increase in its shares [1] Group 1 - Dover's full-year adjusted profit forecast has been raised, reflecting positive market sentiment [1] - The company is betting on strong demand for its industrial equipment, suggesting robust market conditions [1] - The increase in shares by 2% indicates investor confidence in the company's outlook [1]
Roper cuts annual profit forecast as acquisition costs bite
Reuters· 2025-10-23 12:47
Software company Roper Technologies cut its annual profit forecast on Thursday, as it expects higher costs related to acquisitions in the third quarter. ...
Lumen and Palantir team up to accelerate enterprise AI adoption
Reuters· 2025-10-23 12:39
Core Insights - Lumen Technologies and Palantir Technologies have formed a multi-year partnership to enhance the deployment of artificial intelligence in businesses [1] Company Overview - Lumen Technologies is a telecommunications firm that aims to leverage its infrastructure to support AI initiatives [1] - Palantir Technologies specializes in data analytics and will provide its expertise to facilitate AI deployment [1] Partnership Objectives - The partnership focuses on helping businesses utilize artificial intelligence more effectively [1] - It aims to combine Lumen's telecommunications capabilities with Palantir's data analytics to create innovative solutions for clients [1]
HSBC to review Egypt retail business in global restructuring
Reuters· 2025-10-23 12:32
HSBC , said on Thursday it will conduct a strategic review of its Egyptian retail banking business as part of the wider restructuring of its global operations. ...
Early quarterly earnings reveal businesses adapting to Trump's tariffs
Reuters· 2025-10-23 12:31
Core Insights - Major producers in the food, consumer goods, and automotive sectors reported quarterly results that exceeded expectations, alleviating investor worries regarding the impact of U.S. President Donald Trump's import tariffs [1] Group 1: Industry Performance - The food, consumer goods, and automotive industries demonstrated resilience by delivering stronger-than-anticipated quarterly results [1] - Investor concerns about the negative effects of import tariffs were eased by these positive earnings reports [1]
Explainer: Russia, at war, faces double trouble: Trump ultimatum and a hit to oil sales to India
Reuters· 2025-10-23 12:29
Russia, the world's second largest oil exporter, is weighing how to respond to U.S. sanctions on top oil firms Rosneft and Lukoil and the prospect of lower sales to its biggest buyer, India. ...