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Gold Edges Lower As US Recession Odds Drop

India, May 14 -- Gold prices dipped on Wednesday as the U.S.-China trade truce helped ease fears of a potential U.S. recession and dimmed bullion's appeal as a safe haven. Spot gold fell 0.6 percent ... Read More


Databricks To Acquire Neon In $1 Bln Deal To Expand Cloud Database Capabilities

India, May 14 -- Databricks, the San Francisco-based data and AI platform valued at $62 billion, announced plans to acquire Neon, a cloud-native, open-source PostgreSQL database startup, for approxima... Read More


Burberry To Cut 1,700 Jobs As Part Of Major Cost-Cutting Drive

India, May 14 -- Luxury fashion house Burberry announced plans to cut up to 1,700 jobs globally as part of a broader strategy to reduce costs and reposition the brand for sustainable growth. The cuts,... Read More


DLocal Limited Q1 Income Climbs, Beats Estimates

India, May 14 -- DLocal Limited (DLO) announced a profit for its first quarter that increased from last year and beat the Street estimates. The company's earnings totaled $46.63 million, or $0.15 per... Read More


Ford To Recall Over 273,000 Navigator And Expedition SUVs

India, May 14 -- Auto giant Ford Motor (F) is set to recall 273,789 vehicles in the United States to fix a brake loss issue that may increase the crash risk. According to the National Highway Traffic... Read More


Oil Prices Decline After Surprise Inventory Build

India, May 14 -- Oil prices declined on Wednesday as industry data showed a rise in U.S. crude inventories. A weaker dollar and the threat of more sanctions on Iranian oil exports helped limit overall... Read More


EGAIN COMMUNICATIONS CORP Q3 Earnings Summary

India, May 14 -- Below are the earnings highlights for EGAIN COMMUNICATIONS CORP (EGAN): Earnings: $0.07 million in Q3 vs. $1.49 million in the same period last year. EPS: $0.00 in Q3 vs. $0.05 in th... Read More


Stantec Inc. Q1 Profit Increases, Beats Estimates

India, May 14 -- Stantec Inc. (STN.TO) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates. The company's earnings totaled C$100.1 mil... Read More


Karooooo Ltd. Q4 Income Rises, Beats Estimates

India, May 14 -- Karooooo Ltd. (KARO) released a profit for its fourth quarter that increased from last year and beat the Street estimates. The company's earnings came in at $255.34 million, or $8.11... Read More


European Shares Drift Lower In Lackluster Trade

India, May 14 -- European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for t... Read More