Wells Fargo Profit Shrinks
Wells Fargo’s net income for the first quarter of 2024 demonstrated the negative dynamic of decline.
News - page 128
Citigroup Posts First-Quarter Revenue
Citigroup reported earnings for the first quarter of 2024.
JPMorgan Profit Exceeds Estimates
JPMorgan Chase on Friday, April 12, released information on profit and revenue in the first quarter of the current year.
Official Says About Impact of China’s Policy to Boost Demand
China’s new political strategy, which is aimed at stimulating domestic demand in this Asian country, will become a significant factor in impacting the growth of the local economy in the foreseeable future.
El Salvador Launches First-Ever Tokenized Asset Raise With Bitfinex Securities
Tokenized shares issued on the Bitcoin layer 2 Liquid Network will allow investors to earn a share in a new 4,500-square-foot Hampton by Hilton hotel in El Salvador.
UK Economy Demonstrates Growth
In the United Kingdom, gross domestic product (GDP) showed an increase of 0.1% in February compared with the result for January.
BlackRock’s BUIDL Tokenized Fund Gets USDC Transfer Functionality
With the new smart contract, holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) can now transfer their shares to Circle for USDC.
Apple Reportedly Plans to Overhaul Entire Mac Line With M4 Chips
The media reports that Apple Inc., which is making efforts to recover sales of its computers, is currently preparing to overhaul the entire Mac line.
OpenAI CEO Reportedly Seeks Global Support for AI Infrastructure
The media, citing insiders, report that OpenAI CEO Sam Altman is currently holding meetings with government and industry officials in several countries to provide the support necessary for the full implementation of the process of building an infrastructure for artificial intelligence.
ECB Holds Interest Rates to First Cut in June
During the meeting on Thursday, April 11, the European Central Bank decided to keep interest rates at the same level.
Amazon CEO Says About Role of His Company in Generative AI Boom
Chief Executive Officer Amazon.com Inc. Andy Jassy said that the cloud infrastructure of the company he heads will become an essential part of the boom in the generative artificial intelligence industry.
China Reports Inflation Data
In China, the level of consumer prices in March remained virtually unchanged compared to a year ago figure, while the cost of manufactured goods in this Asian country continues to be on a downward trajectory, which is evidence of the existence of deflationary pressures threatening the prospects of the local economic system.
Paraguay Postpones Bitcoin Mining Ban
Senators of Paraguay are now considering selling excess energy from its Itaipu hydropower plant to miners instead of the blanket Bitcoin mining ban proposed earlier.
Key US Price Gauge Exceeds Forecasts
A key US price gauge has exceeded forecasts for rent and transportation costs growth.
Amazon Decides to Stop Paying Developers to Create Apps for Alexa
Amazon.com Inc. has decided to no longer pay developers to create apps for Alexa.
Meta Unveils New AI Chip
Meta Platforms Inc. is deploying a new chip designed to ensure the functioning of the artificial intelligence services of this technology giant.
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