The Wall Street bank says concerns around AI disruption and weak software sales have created an attractive entry point in CDW. Morgan Stanley upgraded CDW to ‘Overweight’ and raised its price target as well. The firm reportedly says that while CDW has lagged peers, the “IT disruption” concerns are overstated, with positive estimate revisions expected … Read more
According to a Bloomberg report, Varonis Systems is exploring options, including a potential sale of the company. The company is looking to sell itself after receiving takeover interest from private equity firms. The private equity interest in the data security vendor comes amid the rise of AI-powered cyberattacks. In a recent note, Morningstar analyst Malik … Read more
PM Narendra Modi met veteran actor Mammootty and his family, including son Dulquer Salmaan, after the Padma Awards ceremony where Mammootty was conferred the Padma Bhushan for his outstanding contributions to Indian cinema. PM Modi meets Mammootty and family After the culmination of the Padma Awards ceremony on Tuesday evening, Prime Minister Narendra Modi met … Read more
Prime Minister Narendra Modi congratulated his Ethiopian counterpart Abiy Ahmed Ali on the Prosperity Party’s decisive victory in the parliamentary elections, underscoring the historic and deep-rooted ties between India and Ethiopia. Prime Minister Narendra Modi on Tuesday extended his congratulations to his Ethiopian counterpart Abiy Ahmed Ali for the landslide victory in the nation’s parliamentary … Read more
AST SpaceMobile shares climbed more than 4% after the company announced the timeline for its BlueBird satellite launch and reportedly formed a JV with Rakuten in Japan. AST SpaceMobile’s BlueBird 11, 12, and 13 satellites are set to launch in the first half of August. The new satellites are expected to provide nearly double the … Read more
During an interview with CNBC, Reitzes said that Nadella’s comments suggest that Microsoft’s strategy with respect to AI is still occurring on the fly. Reitzes called Microsoft’s strategy a mess, while saying that he wouldn’t want to invest in hyperscalers like these yet. The analyst also took aim at hyperscalers, saying that these companies are … Read more
Union Finance Minister Nirmala Sitharaman met a US delegation led by Trade Representative Jamieson Greer in New Delhi to discuss strengthening bilateral trade. The US Embassy called the partnership a ‘win-win,’ with ongoing talks to finalize a deal. Union Finance Minister Nirmala Sitharaman held discussions with a delegation led by US Trade Representative Jamieson Greer … Read more
A truly shocking incident has come to light from Delhi. A 10-year-old girl was kidnapped from a footpath, brutally raped, and murdered. Police have found her body in a forest area in Mehrauli. In a horrifying incident in Delhi, a 10-year-old girl who was sleeping on a footpath has been kidnapped, brutally raped, and murdered. … Read more
Private stablecoins are preferred over CBDCs, which Warsh called “a bad policy choice” and the Senate outlawed until 2030, leaving GENIUS Act-governed tokens, a $311 billion market, as the preferred digital-dollar path. Fed Governor Christopher Waller said stablecoins and tokenized assets are creating new dollar channels outside the banking system. Waller told the Fed’s conference … Read more
Walmart’s deal with Constellation Energy Corp marks its first-ever nuclear power purchase agreement. The retail giant is investing in two key growth areas: reliable power infrastructure and high-margin advertising. Walmart signed a 15-year nuclear energy agreement and acquired ad-tech platform Vibe.co on Tuesday. The company says the moves will help secure cleaner electricity for its … Read more