Nvidia Plans to Manufacture Some AI Chips in US
Nvidia on Monday, April 14, announced that it has commissioned more than a million square feet of production space to build and test artificial intelligence chips in Arizona and Texas.
News - page 10
Chinese Exports Show Growth
In March, China’s export activity showed growth that exceeded preliminary expectations regarding the dynamic of this indicator, as businesses frontloaded outbound shipments to avoid prohibitive tariffs from the United States.
US Bank Introduces Business-Focused Checking and Spend Management Tools
U.S. Bank presented an all-in-one checking account combined with payment acceptance capabilities for small businesses.
Mantra CEO Denies Insider OM Token Dump
Mantra chief executive officer John Mullin denied reports of large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token.
Michael Saylor’s Strategy Buys $285 Million Bitcoin
Michael Saylor’s digital asset company, Strategy, purchased 3,459 Bitcoins for $285.5 million.
IEA Confirms Energy Use Surge to Meet AI Needs
Global electricity generation required to supply data centres will grow from 460 TWh in 2024 to over 1 000 TWh in 2030 and 1,300 TWh in 2035, by rough IEA estimations.
Binance Reportedly Seeks to Curb US Oversight
The media published information according to which Binance executives met with US Treasury officials last month and discussed loosening government oversight of the company.
Kraken Launches Commission-Free Trading
Kraken, one of the longest-standing and most secure cryptocurrency platforms, on Monday, April 14, announced the initial launch of commission-free trading of more than 11,000 US-listed stocks and ETFs to clients in Wyoming, Oklahoma, New Jersey, Connecticut, Iowa, Idaho, Kentucky, Alabama, Rhode Island and the District of Columbia.
BNY’s Profit Increases
Bank of New York Mellon Corp. has published data on its earnings for the first quarter of 2025, which showed growth.
Wells Fargo Reports Disappointing Earnings Data
On Friday, April 11, the value of Wells Fargo shares showed a drop as the financial institution reported revenue for the first quarter of 2025, which turned out to be below preliminary expectations, and a decrease in net interest income.
OpenAI to Phase Out GPT-4 From ChatGPT
OpenAI is soon to retire GPT-4, an artificial intelligence model that was launched more than two years ago, from ChatGPT.
JPMorgan Tops Quarterly Expectations
JPMorgan Chase on Friday, April 11, released information about its earnings for the first quarter of 2025, which exceeded preliminary expectations, driven by increased activity related to equity trading.
Morgan Stanley Reports First-Quarter Revenue
Morgan Stanley’s stock traders recorded revenue in the first quarter of the current year that exceeded analysts’ preliminary expectations, as the largest banks in the United States continue to benefit from the turbulence that has become a fact of reality against the backdrop of US President Donald Trump’s tariff policy.
China Raises Tariffs on US Goods
The head of the People’s Republic of China, Xi Jinping, in his first public comments on the escalation of the trade war with the United States, said that his country was not afraid.
US Consumer Sentiment Decreases
Currently, there is pessimism among residents of the United States in the context of assessing the prospects for the further dynamic of the country’s economic system.
Vitalik Buterin Shares Thoughts on Ethereum Privacy Enhancement
As discussions about much-needed privacy improvements intensify among the Ethereum community, Vitalik Buterin, the co-creator of this blockchain platform, steps up to share his opinion.
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