News - page 115

Finance & Economics

April US Job Growth Totals 175,000

The United States economy added fewer jobs in April than initially expected.

Finance & Economics

Rue21 Files for Bankruptcy

The Rue21 mall staple, which specializes in activities for the sale of clothing for teenagers, will stop its business in the coming weeks and close all its 540 stores.

Science & Technology

Apple Plans $110 Billion Share Buyback

Last Thursday, May 2, Apple released information about its financial results for the first quarter of 2024 and announced a record share buyback.

Science & Technology

Microsoft to Invest $2.2B in AI and Cloud Infrastructure in Malaysia

Microsoft has pledged a single largest investment of $2.2 billion into Malaysia’s digital transformation, to support the country’s cloud and artificial intelligence (AI) infrastructure development.

Science & Technology

Anthropic Expands Enterprise Offering

The company Anthropic, which operates in the artificial intelligence industry, announced the launch of its first smartphone app and a new enterprise subscription plan.

Finance & Economics

OECD Says World Economy Looks to Dodge Stagflation Rut

The Organisation for Economic Co-operation and Development (OECD) stated that the outlook of the global economic system is improving.

Fintech & Ecommerce

Wealth Management Startup Altruist Raises $169 Million

Wealth management startup Altruist has announced that it has managed to raise $169 million in investment funds.

Finance & Economics

Hong Kong Growth Beats Expectations

The Hong Kong economy in the first quarter of the current year demonstrated growth rates that significantly exceeded preliminary expectations for the dynamic of the corresponding indicator.

Finance & Economics

Jerome Powell Keeps Hopes Alive for Interest-Rate Cut

Federal Reserve Chairman Jerome Powell, still at the level of hypothetical assumptions, does not deny the likelihood that at some point during the current year, a decision will be made on cutting interest rates, but at the same time recognizes the fact that the circumstances of the external environment are not absolutely favorable for lowering […]

Finance & Economics

Walmart Launches New Grocery Brand

Walmart has unveiled a new grocery brand as part of its drive to retain the customers the company gained during a period of high inflation.

Science & Technology

Microsoft to Open Data Centre in Thailand

Microsoft will open its first regional data center in Thailand.

Science & Technology

AMD Reports First-Quarter Earnings

Advanced Micro Devices (AMD) on Tuesday, April 30, released information about the financial results of its operations in the first quarter of the current year.

Science & Technology

PsiQuantum to Build First Commercial Quantum Computer

PsiQuantum aims to build a utility-scale fault-tolerant quantum computer capable of error correction in Brisbane, Australia.

Science & Technology

Pinterest Shares Increase on Earnings Beat

The share price of Pinterest on Tuesday, April 30, increased by 18% during extended trading.

Finance & Economics

Amazon Profit Beats Estimates

Amazon has released its earnings data for the first quarter of 2024, which exceeded preliminary expectations.

Fintech & Ecommerce

Bank of England Urges UK Payment Companies to Upgrade Operational Resilience

Sasha Mills, executive director of Financial Market Infrastructure (FMI) at the Bank of England, said that much more needs to be done in the context of increasing cyberattack preparedness for companies that provide payment transaction services in the United Kingdom.