Wall Street Ends Sharply Lower
On Monday, March 10, the stock indexes of the United States showed a significant drop.
News - page 28
TSMC’s Sales Accelerates
Revenue of Taiwan Semiconductor Manufacturing Co. (TSMC) in the first two months of the current year showed growth of 39%, which is an acceleration compared to the upward dynamic of this indicator in 2024 and indicates a steady level of consumer demand for Nvidia chips used in the development of artificial intelligence.
JPMorgan Chase Hikes Euro Area’s 2025 Economic Growth Forecast
JPMorgan Chase has revised its forecast for the growth of the eurozone economy in the current year, expecting that the upward dynamic of this indicator will demonstrate a faster pace compared to previous projections.
StubHub Reportedly Considers Seeking $1 Billion in IPO
The media published information according to which the ticketing software company StubHub intends to raise more than $1 billion in an initial public offering (IPO) of shares.
Hinge Health Reportedly to Go Public as Soon as April
The media reported that perhaps as early as next week, the digital physiotherapy startup Hinge Health will file for an initial public offering (IPO) of shares.
Microsoft Reportedly Develops AI Reasoning Models
The media published information according to which Microsoft is currently developing in-house artificial intelligence reasoning models to compete with OpenAI.
Fed’s Chair Says Still No Need to Hurry to Consider Rate Moves
Federal Reserve chairman Jerome Powell acknowledged the growing uncertainty in the context of the prospects for the subsequent dynamic of the United States economic system but at the same time, he noted that currently there is no need for officials to rush to adjust monetary policy.
Broadcom Shares Demonstrate Growth
Broadcom shares showed growth after the company released positive financial results for the first quarter of fiscal 2025 and optimistic guidance last Thursday, March 6, indicating continued demand for artificial intelligence.
US Economy Adds 151,000 Jobs
In the United States, job growth stabilized last month, while the country’s unemployment rate increased.
GenAI Revenue to Surpass $1T by 2028
The acceleration of mass adoption for generative artificial intelligence (GenAI) is expected to boost revenues from this technology almost 20-fold over the next three years.
Microsoft Plans $297 Million AI Investment in South Africa
Microsoft will invest an additional 5.4 billion rand ($297 million) in South Africa by the end of 2027 to expand its cloud and artificial intelligence capacities in the country.
Sunrate and Atlas to Address Travel Industry’s Cross-Border Payment Challenges
Sunrate and Atlas have joined forces to address challenges related to cross-border payments in the travel industry.
Klarna CEO Says SaaS Companies to Consolidate as Customers Seek Hub of Knowledge
Klarna founder and chief executive officer Sebastian Siemiatkowski said last Tuesday, March 4, that companies operating in the software-as-a-service (SaaS) area are likely to consolidate as customers of firms in the appropriate category involved in the process of adopting artificial intelligence strive for the so-called hub of knowledge.
Visa Tap to Phone Adoption Grows 200%
Over the past year, adoption of a rapidly expanding Visa Tap to Phone technology has skyrocketed by 200% worldwide, enabling SMBs to accept transactions seamlessly and at low cost.
Apple Launches New iPad Air
Apple has unveiled new 11-inch and 13-inch iPad Air models with the M3 chip.
Stocks Drop Amid Trade-War Jitters
There is a downward tendency in stocks around the world, as concerns about the effects of a trade war on the economic situation have intensified, with an increase in flight to short-term bonds, gold, and safe haven currencies.
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