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Salesforce expects revenue of more than $60 billion in 2030, above Wall Street estimates, as the company rapidly rolls out AI features across its cloud services.Investors are pressuring cloud firms to show returns on the billions poured into AI, while an uncertain macro environment and volatile customer spending weigh on growth prospects.The forecast excludes the impact from its deal to acquire software-maker Informatica, according to a presentation made at Salesforce’s Dreamforce event.Analysts, on average, expect Salesforce to report annual revenue of about $58.37 billion in 2030, according to data compiled by LSEG. Its shares rose by nearly 4 per cent…
Israeli Prime Minister Benjamin Netanyahu says he’s prepared to “give peace a chance” — but “the way you purchase peace is through strength,” he told “CBS Mornings” co-host Tony Dokoupil Tuesday in Tel Aviv.Netanyahu spoke to CBS News days after Hamas released the last 20 living hostages taken on Oct. 7, 2023, and Israel’s military withdrew from parts of the Gaza Strip, in the first phase of a peace plan brokered by President Trump and Arab states. He weighed in on the future of Gaza, how Israel will react if Hamas doesn’t disarm and the criticism Israel has faced during…
Salesforce forecasts revenue over $60 billion in 2030
Japanese exporters, particularly automakers, have so far absorbed much of the tariff costs, helping to shield US consumers[TOKYO] Japan should avoid taking on more debt to boost its economy, a senior International Monetary Fund (IMF) official warned, as concerns over higher spending triggered by political instability put pressure on long-term bond yields.“We would understand that the government would want to support some parts of the economy, but a VAT cut, for example, is not targeted,” Nada Choueiri, the IMF’s deputy director for the Asia-Pacific region, said in an interview on Wednesday (Oct 15) in Washington, where the Fund is holding…
What we need is for the broader ecosystem to introduce new indices so that market participants have more choices on what to trackI REFER to the letter “The new iEdge Singapore Next 50 Indices need refinement” from Lee Chin Wai dated Oct 1 and thank him for his interest in our stock market. I am encouraged that the iEdge Singapore Next 50 Indices have catalysed investor interest in how Singapore Exchange-listed companies – beyond the traditional large-cap universe – are evolving, whether through business model transformation, improved governance practices, or strengthened capital management initiatives.The iEdge Singapore Next 50 Indices were…
THE S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained focused on the recent increase in China-US trade tensions.Morgan Stanley’s shares jumped 4.7 per cent to a record high, while Bank of America rose 4.4 per cent after the top lenders beat Wall Street estimates for third-quarter profit on dealmaking strength.The S&P 500 banking index rose 1.2 per cent in its first three-day winning streak in more than three weeks. A day earlier, Goldman Sachs and JPMorgan Chase reported solid performance in investment banking and predicted that the…
Hewlett Packard Enterprise forecast annual profit and revenue below Wall Street expectations on Wednesday, as it shifts its server business toward artificial intelligence and networking following its Juniper Networks acquisition.Shares of the company were down about 8.5 per cent in after-hours trading. Starting in the first quarter of fiscal 2026, the company will merge its server, hybrid cloud and financial services business segments into a newly created segment: cloud & AI. HPE is targeting growth in the booming artificial intelligence infrastructure market, as businesses ramp up hardware and software spending to support AI. “In HPE’s new chapter, our strengthened portfolio…
The UK central bank will launch a consultation on the regulation for coins that are deemed systemically important by the end of the year[LONDON] The Bank of England (BOE) will lift proposed limits on the amount of stablecoins individuals and businesses can hold once the digital assets stop being a threat to the economy.Deputy governor Sarah Breeden said on Wednesday (Oct 15) that the rapid adoption of stablecoins risked causing “significant” outflows of deposits from banks, which could then prevent credit reaching businesses and households.To prevent that, the BOE is considering different tools, including limits on “customer’s holdings of systemic…
[NEW YORK] Oil prices eased on Wednesday to a five-month low on escalating US-China trade tensions and the International Energy Agency’s prediction of a supply surplus in 2026.Brent crude futures fell 48 cents, or 0.8 per cent, to settle at US$61.91 a barrel. US West Texas Intermediate (WTI) futures fell 43 cents, or 0.7 per cent, to settle at US$58.27. Those were the lowest settlements for both benchmarks since May 7 for a second day in a row.Bank of America said Brent prices could slip below US$50 a barrel if US-China trade tensions intensify while Opec+ production ramps up. The world’s…
President Trump confirmed Wednesday that he has authorized the CIA to go into Venezuela and conduct covert operations.Asked by CBS News senior White House correspondent Ed O’Keefe why he did so, the president said he had two reasons: First, “they have emptied their prisons into the United States of America” and “allowed thousands and thousands of prisoners” and “people from mental institutions, insane asylums” into the U.S. Trump has frequently alleged — without citing evidence — that other countries are deliberately sending people from prisons and mental institutions to the southern border.He also cited the “drugs coming in from Venezuela.””A…