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Autodesk forecast annual revenue and profit above Wall Street estimates on Thursday, boosted by strong demand for its design and engineering software across industries such as construction and manufacturing. The company also said it would reduce its workforce by about 9%, representing roughly 1,350 employees, and laid out plans to invest more heavily in cloud and artificial intelligence, adding that it would reallocate resources towards those areas. Companies across sectors such as architecture, engineering, construction, and product design are making extensive use of Autodesk’s 3D design solutions, with the software maker’s artificial intelligence and machine learning capabilities further driving spending on its products. Autodesk saw a 23% jump in total billings to $2.11 billion in the fourth quarter ended January 31. The company’s international operations have particularly shown strength, while analysts have also noted that the company was outpacing peers in the manufacturing sector, driven by the performance of its “Fusion” design software. Shares of the San Francisco, California-based company were up about 2% in extended trading. Autodesk expects full-year revenue between $6.90 billion and $6.97 billion, largely above analysts’ average estimate of $6.90 billion, according to data compiled by LSEG. It projected an adjusted profit between $9.34 and $9.67 per share for its fiscal year 2026, also above the $9.24 per share estimated by analysts. The company reported total revenue of $1.64 billion in the fourth quarter, up 12% from last year and above analysts’ average estimate of $1.63 billion. It posted an adjusted profit of $2.29 per share, beating estimates of $2.14 per share. Deborah Sophia, Reuters
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Its an understatement to say that cryptocurrency investors have not had a great week. Tokens across the board have seen double-digit falls, slashing thousands from their individual values. However, one of the most affected coins this week is also the worlds most popular cryptocurrency: Bitcoin. In the past five days alone, Bitcoins value has dropped more than 16%, and today, the coin fell below an important psychological barrier. Heres what you need to know about the likely reasons why Bitcoin and other cryptocurrencies are dropping. Bitcoin falls below $80,000 In early trading this morning, Bitcoin fell below the psychologically important $80,000 barrier. At the time of this writing, it is currently trading at around $79,900 per coin, though it had dropped to as low as around $78,400 earlier. When Bitcoin moves across a notable barrier like $60,000 or $100,000 (any increment of $10,000), it generally causes one of two reactions. If its move is increasing past the barrier, this tends to send optimism through the hearts of investorsHow high can it go? However, if its move falls under the barrier, this tends to generate fear and pessimismHow low can it go? What is startling about Bitcoins fall is that the coin was trading above $95,000 at the beginning of this week. But by Tuesday, Bitcoin had fallen below the $90,000 threshold. Now, just three days later, Bitcoin has fallen below $80,000. That means that as of the time of this writing, Bitcoin has lost about 16% of its value in the past five days alone. But it has gotten worse when looking out over the past month. During that time, Bitcoin lost more than 20% of its value. Bitcoin hasnt traded this low since shortly after President Trump won the election in November 2024. But its not just Bitcoin that is falling. Ethereum, XRP, DOGE, and TRUMP all down As of the time of this writing, other major cryptocurrencies and popular meme coins have all been down by a significant amount in the past day, according to data from Yahoo Finance and CoinMarketCap. Ethereum is down over 9% in the past 24 hours (and down over 24% in the past five days). XRP is down over 8.6% in the past 24 hours (and down over 20% in the past five days) Solana is down over 4% in the past 24 hours (and down over 20% in the past five days) Dogecoin is down over 10% in the past 24 hours (and down over 23% in the past five days) Official Trump is down over 13% in the past 24 hours (and down over 33% in the past seven days) Why are Bitcoin and other crypto dropping? When major assets drop, the first thing people want to know is why? Unfortunately, there are no firm answers to that, but there are two likely reasons why Bitcoin and other cryptocurrencies are seeing increased downward pressure this week. The first is Trumps tariffs. The president says he plans to levy tariffs on goods coming into the United States from many of Americas major trading partners, including Mexico, Canada, China, and EU member states. Those countries, in turn, are expected to retaliate with tariffs on American goods, which could result in an all-out trade war that leads to higher prices for consumers, more rapid inflation, and reduced household discretionary spending. In other words, people are worried that Trumps tariffs could negatively affect the economy. When the economy faces headwinds, investors tend to pull out of riskier and more volatile assetslike cryptocurrenciesin favor of placing their money into more stable assets. The second reason that may be contributing to cryptos fall this week is the ByBit hack from earlier this month that saw hackers steal $1.5 billion worth of cryptocurrencies. That heist, which is believed to be the largest ever crypto heist, has rattled crypto investors, making many feel that their cryptocurrency investments arent as secure as other investments, like stocks and properties. In other words, recent significant events are working against crypto’s favor. As for where Bitcoin and other cryptocurrencies go from here, thats anyones guess.
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E-Commerce
As President Donald Trump’s administration looks to reverse a cornerstone finding that climate change endangers human health and welfare, scientists say they just need to look around because it’s obvious how bad global warming is and how it’s getting worse. New research and ever more frequent extreme weather further prove the harm climate change is doing to people and the planet, 11 different scientists, experts in health and climate, told the Associated Press soon after word of the administration’s plans leaked out Wednesday. They cited peer-reviewed studies and challenged the Trump administration to justify its own effort with science. There is no possible world in which greenhouse gases are not a threat to public health, said Brown University climate scientist Kim Cobb. Its simple physics coming up against simple physiology and biology, and the limits of our existing infrastructure to protect us against worsening climate-fueled extremes. EPA’s original finding on danger of greenhouse gases Environmental Protection Agency chief Lee Zeldin has privately pushed the White House for a rewrite of the agencys finding that planet-warming greenhouse gases put the public in danger. The original 52-page decision in 2009 is used to justify and apply regulations and decisions on heat-trapping emissions of greenhouse gases, such as carbon dioxide and methane, from the burning of coal, oil and natural gas. Carbon dioxide is the very essence of a dangerous air pollutant. The health evidence was overwhelming back in 2009 when EPA reached its endangerment finding, and that evidence has only grown since then, said University of Washington public health professor Dr. Howard Frumkin, who as a Republican appointee headed the National Center for Environmental Health at the time. “CO2 pollution is driving catastrophic heat waves and storms, infectious disease spread, mental distress, and numerous other causes of human suffering and preventable death. That 2009 science-based assessment cited climate change harming air quality, food production, forests, water quality and supplies, sea level rise, energy issues, basic infrastructure, homes, and wildlife. A decade later, scientists document growing harm Ten years later, a group of 15 scientists looked at the assessment. In a paper in the peer-reviewed journal Science they found that in nearly all those categories the scientific confidence of harm increased and more evidence was found supporting the growing danger to people. And the harms were worse than originally thought in the cases of public health, water, food, and air quality. Those scientists also added four new categories where they said the science shows harm from climate change caused by greenhouse gas emissions. Those were in national security, economic well-being of the country, violence, and oceans getting more acidic. On national security, the science team quoted Trump’s then-defense secretary, chairman of the joint chiefs of staff and a Pentagon authorization bill that Trump signed in his first term. It also quoted a study that said another 1.8 degrees Fahrenheit (1 degree Celsius) of warming in the next 75 years would effectively reduce the U.S. gross domestic product by 3%, while another study said warming would cost the American economy $4.7 trillion to $10.4 trillion by the end of the century. Overall, the scientific support for the endangerment finding was very strong in 2009. It is much, much stronger now, Stanford University environment program chief Chris Field, a co-author of the 2019 Science review, said in a Wednesday email. “Based on overwhelming evidence from thousands of studies, the well-mixed greenhouse gases pose a danger to public health and welfare. There is no question. Long list of climate change’s threats to health There is global consensus that climate change is the biggest threat of our to time to both health and health systems, said Dr. Courtney Howard, a Canadian emergency room physician and vice chair of the Global Climate and Health Alliance. He ticked off a long list: heat-related illnesses, worsening asthma, heart diseases worsened by wildfire smoke, changing habit for disease-carrying mosquitoes, ticks and other insects, and crop failures that drive hunger, war, and migration. Kristie Ebi, a public health and climate scientist at the University of Washington, said a big but little-discussed issue is how crops grown under higher carbon dioxide levels have less protein, vitamins, and nutrients. That’s 85% of all plants, and that affects public health, she said. Field experiments have shown wheat and rice grown under high CO2 have 10% less protein, 30% less B-vitamins and 5% less micronutrients. It’s these indirect effects on human health that are far-reaching, comprehensive and devastating, said Katharine Hayhoe, an atmospheric scientist at Texas Tech and chief scientist at The Nature Conservancy. She said rising carbon dioxide levels in the air even affect our ability to think and process information. Scientists said the Trump administration will be hard-pressed to find scientific justificationor legitimate scientiststo show how greenhouse gases are not a threat to people. This one of those cases where they cant contest the science and theyre going to have a legal way around,” Princeton University climate scientist Michael Oppenheimer said. The Associated Press climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find APs standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org. Seth Borenstein, AP science writer Associated Press writer Matthew Daly contributed.
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