Author: Press Room

AUDC reported an 11.7% year-over-year decline in Q3 revenues to $61.6 million. While Services segment revenues grew 13.8% to $30.6 million, this was more than […]

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Five animal-to-human diseases threaten to cause the deaths of 12 times as many people in 2050 as in 2020, according to research that calls for “urgent action” to tackle the growing health threat posed by zoonotic infections. Concerns over zoonotic diseases have greatly increased since the Sars-Cov-2 coronavirus emerged in China in late 2019 and spread swiftly across the globe. A study published by BMJ Global Health on Thursday found that environmental and population changes over the past six decades were driving growing…

© Reuters. Bank of Japan Governor Kazuo Ueda attends a press conference after its policy meeting in Tokyo, Japan October 31, 2023, in this photo taken by Kyodo. Mandatory credit Kyodo via REUTERS/File Photo By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda will continue to dismantle the central bank’s ultra-easy monetary policy settings and look to exit the decade-long accommodative regime sometime next year, an inherently risky plan that would require skilful execution. Ultimately, however, the BOJ chief’s exit strategy will require a bit of good fortune too, especially given global uncertainties including the Middle East conflict…

© Reuters. Wendy’s Company (NASDAQ:) has reported significant progress in its strategic growth pillars during Q3, resulting in increased sales and profit, according to President and CEO Todd Penegor. The company’s global same-restaurant sales grew 2.8% year-over-year, and the digital business saw an impressive 30% YoY growth. Wendy’s also opened 72 new restaurants and remains on track to meet its 2023 development target. The company expects mid-single-digit global same-restaurant sales growth for full year 2023. Key takeaways from the call:Wendy’s global same-restaurant sales grew 2.8% on a one-year basis, with the international business achieving its 10th consecutive quarter of double-digit…

SlavkoSereda/iStock via Getty Images Crude oil futures snapped a three-session losing streak to finish higher Thursday, as the Federal Reserve’s decision to leave benchmark interest rates unchanged while hinting it might be done raising rates helped boost riskier assets and weaken the dollar. “Energy traders are growing confident that the Fed is done tightening, given the recent soft labor market readings,” Oanda analyst Edward Moya said. The Bank of England also held rates steady at its meeting Thursday for a second straight month after a string of 14 rate hikes. Front-month Nymex crude (CL1:COM) for December delivery finished +2.5% to…

“It provides Israel with the aid it needs to defend itself, free its hostages and eradicate Hamas, which is a mission that must be accomplished,” Mr. Johnson said at a news conference. “All of this while we also work to ensure responsible spending and reduce the size of the federal government to pay for that commitment to our friend and ally.”His bill posed a dilemma for many pro-Israel Democrats, who were eager to support the Jewish state at a time of crisis but reluctant to embrace a bill that omits help for Ukraine and humanitarian aid and takes aim at…

I was an Amazon software development manager for more than three years. Earlier this year, I was told I had to relocate to Seattle from the East Coast to keep my job. I quit, leaving over $200,000 in unvested stock options on the table rather than return to office. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app This as-told-to essay is based on a conversation with a former Amazon software development manager, who said he worked with the company for nearly four years and…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An unexpectedly strong acceleration in Apple’s services business and a return to growth for the iPhone helped the US consumer tech group withstand the worst effects of weaker consumer demand in the latest quarter.However, that was not enough to prevent a fourth consecutive period of overall revenue declines, leaving Apple’s shares more than 3 per cent lower in after-market trading on Thursday. Wall Street is digesting the stock’s decline since August, even though it has risen 42 per cent since the start…

© Reuters. Block Inc logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Manya Saini and Niket Nishant (Reuters) -Block shares surged 16% in extended trade on Thursday after the payments firm raised its annual forecast for adjusted profit, joining rivals in brushing off worries of an uncertain economy weighing on consumer spending. Market-beating results from the Jack Dorsey-led digital payments giant capped a broadly strong quarter for a sector tied closely with consumer strength and purchasing power. Block now expects adjusted core earnings of $1.66 billion to $1.68 billion for the full year,…

© Reuters. A logo of New York power utility Consolidated Edison Inc is seen in New York July 1, 2012. REUTERS/Eric Thayer/File Photo (Reuters) – Utility firm Consolidated Edison (NYSE:) on Thursday beat third-quarter profit estimates on higher earnings from its electricity segment. The company, which provides electricity in much of the New York City, had applied for a higher rate case earlier this year. A rate case is the formal process used to determine what customers need to pay for the electricity, , private water and steam services provided by regulated utilities. Much of the United States also witnessed…