News - page 112

Scott Bessent Warns Risk of Crisis
Finance & Economics

Scott Bessent Warns Risk of Crisis

Treasury Secretary nominee Scott Bessent warned that a crisis scenario could be realized in the United States economic system, which would become a situation with painful consequences for the middle and working-class people.

U.S. Bancorp and PNC Predict Muted First-Quarter NII on Loan Demand
Finance & Economics

U.S. Bancorp and PNC Predict Muted First-Quarter NII on Loan Demand

In the United States, two major regional banks have released muted forecasts for their net interest income in the first quarter of the current year amid uncertainty about the extent to which low interest rates will revive demand for loans.

Morgan Stanley’s Profit More Than Doubles
Finance & Economics

Morgan Stanley’s Profit More Than Doubles

Last Thursday, January 16, Morgan Stanley published information about its earnings for the fourth quarter of 2024, which exceeded analysts’ preliminary expectations and demonstrated the positive dynamic due to the bank’s equities and fixed-income traders generating a result surpassing forecasts.

Wells Fargo Reports Earnings
Finance & Economics

Wells Fargo Reports Earnings

Wells Fargo securities showed growth on Wednesday, January 15, after the bank released information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations, and issued strong guidance on net interest income for 2025.

BNY Quarterly Profit Beats Estimates
Finance & Economics

BNY Quarterly Profit Beats Estimates

Bank of New York Mellon Corp. on Wednesday, January 15, released information about its profit for the fourth quarter of last year, which exceeded preliminary estimates because this financial institution earned higher investment services fees from its clients.

Goldman Sachs Profit Doubles
Finance & Economics

Goldman Sachs Profit Doubles

Goldman Sachs Group Inc. earnings exceeded forecasts since its equity traders have demonstrated results that have turned out to be the best in the entire history of observations.

JPMorgan Chase Breaks Its Own Earnings Record
Finance & Economics

JPMorgan Chase Breaks Its Own Earnings Record

JPMorgan Chase & Co. recorded an annual profit, which turned out to be the largest among all similar indicators of other lenders in the history of US banking.

US Consumer Prices Increase Slightly Above Expectations
Finance & Economics

US Consumer Prices Increase Slightly Above Expectations

In December, an increase in consumer prices was recorded in the United States, the pace of which slightly exceeded preliminary expectations regarding the degree of intensity of the upward dynamic of the corresponding indicator.

AI Agent Market Cap Sees Tremendous Growth
Blockchain & Crypto

AI Agent Market Cap Sees Tremendous Growth

The market capitalisation of cryptocurrencies traded by AI agents surged by 322% in the fourth quarter of 2024.

Intesa Sanpaolo Makes First €1M Bitcoin Investment
Blockchain & Crypto

Intesa Sanpaolo Makes First €1M Bitcoin Investment

The largest Italian bank, Intesa Sanpaolo, joined the ranks of institutional crypto investors, with its first Bitcoin purchase worth about 1 million EUR.

Nvidia Invests in MetAI Startup Developing AI-Powered Digital Twins
Science & Technology

Nvidia Invests in MetAI Startup Developing AI-Powered Digital Twins

Nvidia has made its first investment in a Taiwanese startup MetAI, focusing on AI-driven digital twin technology, within its $4 million seed funding round.

Alipay Tap Debuts in Macao
Fintech & Ecommerce

Alipay Tap Debuts in Macao

Sands China, a resort developer and operator, launched the mainland payment service Alipay Tap at Sands Resorts Macao in collaboration with Macau Pass and Alipay.

Robinhood to Settle SEC Charges
Fintech & Ecommerce

Robinhood to Settle SEC Charges

The United States Securities and Exchange Commission (SEC) last Monday, January 13, reported that two broker-dealers of Robinhood, a financial services company, agreed to pay $45 billion in combined civil penalties to settle charges that they did not comply with a broad array of regulatory requirements.

US Tightens Its Grip on AI Chip Shipments
Science & Technology

US Tightens Its Grip on AI Chip Shipments

Last Monday, January 13, the United States government announced the continuation of its efforts to expand restrictions on the export of artificial intelligence chips and technologies.

Chainalysis Acquires Alterya
Science & Technology

Chainalysis Acquires Alterya

Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and fintech companies to identify fraudsters and protect end users of firms from authorized swindle.

JPMorgan Chase Reportedly Eyes Commercial Banking Expansion in Germany
Finance & Economics

JPMorgan Chase Reportedly Eyes Commercial Banking Expansion in Germany

The media on Tuesday, January 14, published information according to which JPMorgan Chase has plans related to the expansion of its presence in Germany.