Thomson Reuters is aggressively deploying its own AI tools across tax and legal workflows, even as new competitive threats from AI startups challenge its core franchises. The company's strategy hinges on leveraging its deep proprietary data and entrenched customer relationships to navigate a period of rapid technological disruption.
Shares of Thomson Reuters (TSX:TRI) faced significant pressure this week following the release of a new AI-powered legal assistant by Anthropic. The tool's ability to automate complex workflows like contract review has ignited investor concerns over potential disruption to established legal information and technology providers, contributing to a sharp sell-off.
Shares of Thomson Reuters (TSX:TRI) have tumbled over 38% in the past year, raising questions about its valuation. A deep dive into cash flow and earnings metrics suggests the information services giant may be significantly undervalued, presenting a potential entry point for long-term investors amid broader market uncertainty.
CIBC reaffirms its Outperform rating on Thomson Reuters (TRI) as the information giant accelerates its strategic push into AI-driven compliance and legal tools, launching new products in the US and UK markets.
The information giant reported a 5% rise in quarterly revenue to $2 billion, meeting expectations, while forecasting steady growth through 2026. CEO Steve Hasker highlighted the payoff from AI investments as the company faces fresh competition from tech players like Anthropic.
Software and data services shares steadied Thursday following a severe selloff, as the market grapples with whether generative AI is beginning to threaten the core business models of established tech giants. The sector has lost over $800 billion in value in recent days amid a broader rotation out of tech.
As the United States and Iran resume direct talks in Oman, a chasm separates their agendas. While Tehran insists negotiations focus solely on its nuclear program and sanctions relief, Washington demands a broader discussion encompassing regional security concerns, setting the stage for a complex diplomatic showdown.
A wave of selling pressure engulfed global markets, extending beyond software stocks to hammer chipmakers and tech giants. Investor anxiety over the cost and disruptive impact of the AI arms race triggered sharp declines, with AMD and Palantir among the hardest hit, while Alphabet's massive spending plans failed to impress.
Healthcare distributor Cencora (NYSE: COR) reported mixed fourth-quarter results, with revenue falling short of Wall Street forecasts despite a 5.5% year-over-year increase to $85.93 billion. Adjusted earnings of $4.08 per share slightly exceeded consensus estimates.
OSI Systems reported a quarter defined by strength in its security and optoelectronics businesses, which helped counterbalance persistent softness in healthcare. While delayed government bookings impacted timing, management expressed confidence in the underlying demand pipeline.
Healthcare distributor Cencora (COR) posted robust first-quarter results, driven by its U.S. Healthcare Solutions segment and the recent majority stake purchase in OneOncology. The company lifted its revenue and operating income guidance for fiscal 2026, signaling confidence in its physician practice support strategy despite some international margin pressure.
Google's parent company Alphabet plans to nearly double its capital expenditure to a potential $185 billion by 2026, a massive investment in AI infrastructure that CEO Sundar Pichai admits is fraught with logistical challenges and investor skepticism, even as it fuels record revenues.
Wall Street's once-bullish narrative on software faces a sharp reversal as AI advancements spark fears of obsolescence, wiping billions from the sector and putting giants like Salesforce under intense scrutiny ahead of key earnings.
Industrial systems specialist Graham Corporation (GHM) is scheduled to release its quarterly financial results before market open on Friday, with analysts projecting continued revenue growth and improved profitability.
At a major Wall Street Journal conference in Palm Beach, financial leaders from Blackstone, Citi, and Lazard grappled with the immediate market fallout and long-term implications of an AI startup's latest move, revealing a stark divide between panic and opportunity.
Two key surveys confirm the U.S. services industry maintained its growth momentum last month, fueled by rising employment and business activity. However, persistent price pressures and a dip in foreign demand signal ongoing economic headwinds that could delay interest rate cuts.
Ford Motor Co. is in preliminary discussions with China's Geely Auto to potentially utilize the American automaker's underused factory capacity in Spain, a move that could help Geely circumvent recent EU tariffs on Chinese electric vehicles while improving Ford's European cost efficiency.
The launch of Anthropic's new multi-functional AI platform, Claude Cowork, has triggered a sharp sell-off in software stocks as investors fear widespread disruption to the SaaS business model.
Dutch Bros (NYSE:BROS) is accelerating its national footprint with new drive-thrus in Illinois and South Carolina, coupled with a charitable giving day. This growth narrative unfolds as the coffee chain's stock faces recent pressure, presenting a complex picture for market watchers.
Healthcare distribution giant Cencora (NYSE: COR) kicked off its fiscal 2026 with robust growth, reporting a 12% increase in adjusted operating income and a 9% rise in adjusted EPS. Bolstered by the completion of its OneOncology acquisition and sustained strength in its U.S. specialty pharmaceuticals business, the company has raised its full-year guidance.
