News - page 177

Finance & Economics

JPMorgan Chase CEO Warns of Recession Risk

JPMorgan Chase CEO Jamie Dimon last Wednesday, November 29, during a speech at the New York Times DealBook 2023 summit in New York, said that the likelihood of a recession in the United States cannot be ruled out.

Blockchain & Crypto

Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical

A new report by Mintel reveals that Americans have much more positive attitudes towards cryptocurrency than UK consumers. Meanwhile, Brits are far more cautious about their investments due to the recent cost of living crisis.

Finance & Economics

UK’s Nottingham Files for Bankruptcy

Nottingham City Council has become another victim of the financial crisis in the UK in the sphere of local government.

Finance & Economics

Lloyds Chief Urges UK Policymakers to Refrain From Encroaching on Banks’ Profits

The chief executive of Lloyds Banking Group made something like a warning statement to British politicians, describing measures such as a tax on unforeseen expenses of banks as thing that should be excluded amid expectations of a busy election year.

Science & Technology

Amazon Announces AI Chatbot for Businesses

Amazon last Tuesday, November 28, announced a new chatbot called Q, which consumers will be able to use at work.

Society & Lifestyle

CFPB Fines Bank of America

The Consumer Financial Protection Bureau (CFPB) applied to Bank of America a measure of material impact in the form of an obligation to pay $12 million for the involvement of this financial institution in the practice of providing incomplete data related to mortgage lending to the federal government.

Fintech & Ecommerce

Visa Reveals What Extra Benefits Travellers Are Willing to Pay For

Visa Global Travel Intentions Study discovered that there are no signs of travel rebound, despite rising costs. The report also reveals payment trends associated with both domestic and international trips.

Fintech & Ecommerce

PayGround Raises More Than $19 Million

PayGround managed to raise investment funds for $19.7 million following the results of the Series A financing round.

Science & Technology

AWS and Nvidia to Deliver Generative AI Infrastructure

Amazon Web Services (AWS) and Nvidia have announced the expansion of cooperation to provide consumers with advanced infrastructure, software, and services for innovation in the sphere of artificial intelligence.

Fintech & Ecommerce

Apple to End Credit Card Partnership With Goldman Sachs

Apple is reportedly looking for ways to end its credit card and savings account partnership with Goldman Sachs within a year or so.

Society & Lifestyle

US Home Prices Hit Record High

In September, the dynamic of housing prices in the United States continued to move within the growth trend.

Finance & Economics

UBS Chair Predicts Challenging 2024

UBS Chairman Colm Kelleher said that next year will be one of the most difficult in the takeover process of Credit Suisse by the mentioned financial institution.

Science & Technology

Foxconn to Invest $1.6 Billion in India

The Taiwanese technology giant Foxconn, one of the main manufacturers of the iPhone smartphones of the American company Apple, intends to expand the scale of its presence in India by allocating investment funds for $1.6 billion in new construction projects.

Finance & Economics

China to Focus on Sustainable Growth

Pan Gongsheng, governor of the People’s Bank of China, said that at present, high-quality and sustainable growth is the most important for this country in terms of priorities related to the economic system.

Science & Technology

Snapchat Reportedly Tests Ad-Free Subscription Tiers

Media reports that Snapchat is currently testing consumer subscription offers without ads.

Science & Technology

Reddit Reportedly Plans IPO

The media reports that Reddit is currently negotiating with potential investors about an initial public offering (IPO).