Goldman Sachs Asset Managers Expects Slowdown in US Economy Growth
Goldman Sachs Asset Management (GSAM) executives expect the United States economic system to show slower growth rates in the second half of the current year.
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Jerome Powell Says About Threat of Long Period of High Interest Rates for Economic Growth
The Chairman of the Federal Reserve System, Jerome Powell, on Tuesday, July 9, expressed concern that keeping interest rates at a high level for too long could pose a threat to the growth of the United States economy.
US Economy Faces Threat of Unemployment
Over the past few years, the main danger to the condition of the United States economic system has been inflation, but over time the list of unfavorable facts of reality has expanded, adding a new threat.
Ecommpay to Enable Recurring PayPal Payments
Ecommpay merchants will now be able to collect recurring PayPal payments from customers in addition to leveraging subscription card payments and direct debit options which were added earlier.
China’s Premier Positively Estimates Country’s Economy
Chinese Prime Minister Li Qiang estimates the current state of affairs in the space of the economic system of this Asian country in the context of a positive perception.
Oracle and xAI Reportedly End Talks on $10 Billion Server Deal
Media reports that billionaire Elon Musk’s startup xAI, which operates in the artificial intelligence industry, and technology giant Oracle have completed negotiations on a potential server deal worth $10 billion.
Commercial Bank of Dubai Partners With Visa
Commercial Bank of Dubai cooperates with Visa in the area of credit and debit cards, core data assets and insights, and marketing initiatives.
Paytm Reportedly Gets India’s Nod to Invest in Payments Arm
Indian-beleaguered Paytm has received approval to invest 500 million rupees ($6 million) in a key subsidiary.
TSMC Reaches One Trillion Dollar Market Capitalization
Taiwan Semiconductor Manufacturing Co (TSMC) has entered a kind of elite club of the most valuable companies in the world demonstrating by its example that the rapid development of the artificial intelligence industry and the technological evolution of AI are factors in significant impact on the state of affairs on Wall Street.
Citi Says About Need to Book Profits in High-Flying AI Equities
Strategists at Citigroup Inc. say the tendency of soaring share prices of companies operating in the artificial intelligence industry space may not be showing much signs of flagging at present, but the time has come for profit-taking in major markets.
AI Boom Accelerates Growth in Taiwanese Exports
Last month, the volume of Taiwan’s export activity demonstrated the dynamic of growth, the pace of which turned out to be the fastest since February 2022.
Amazon Announces New Echo Spot Alarm Clock
Amazon on Monday, July 8, announced a new alarm clock, the Echo Spot.
ASML CEO Says World Needs Legacy China’s Chips
Chip buyers, including the German auto industry, are nowadays demanding older-generation computer microcircuits, in which chip manufacturers in China are actively investing.
Foxconn Q2 Revenue Exceeds Market Forecast
Foxconn, the Taiwan-based world’s largest contract electronics manufacturer and the main assembler of Apple’s iPhone reported quarterly revenue that beat previous expectations for the dynamic of the corresponding figure.
China’s Tech Boom Powers AI Career Coup
In China, the local artificial intelligence industry, which is currently on a trajectory of active growth, became the leader of the salary rating in the Asian country in the second quarter of 2024, shifting the financial sector from the position of leader.
People’s Bank of China Takes More Control Over Rates
The People’s Bank of China has tightened its control over interest rates, deciding to introduce a new mechanism to influence the cost of short-term borrowing.
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