News - page 41

Fintech & Ecommerce

Slice Bank Seeks Financing to Expand

Indian fintech Slice Bank is looking to raise between $250-$300 million to expand its offering with merchant services.

Fintech & Ecommerce

Affirm Expands Cooperation With Liberty Mutual Investments

Buy Now, Pay Later (BNPL) lender Affirm Holdings has expanded the scope of its capital partnership with an investment company Liberty Mutual Investments (LMI).

Science & Technology

Texas Instruments Gives Dour Q1 Profit Forecast

Texas Instruments has published a profit forecast for the first quarter of the current year, which turned out to be lower than analysts’ preliminary expectations regarding the dynamic of the corresponding indicator.

Finance & Economics

Record Number of US Consumers Makes Minimum Credit Cards Payments

The Philadelphia Federal Reserve has published a report showing that consumer stress has increased as the share of cardholders making only minimum payments on their bills grows.

Science & Technology

Meta to Begin Testing Ads on Threads

Meta Platforms Inc. will begin testing advertisements on its microblogging service Threads in collaboration with several companies in the United States and Japan.

Finance & Economics

Hedge Fund Industry Reaches $4.5 Trillion

The assets under the management of the hedge fund industry reached $4.51 trillion last year.

Science & Technology

Meta Plans to Spend as Much as $65 Billion on AI Efforts in 2025

Meta Platforms Inc. chief executive officer Mark Zuckerberg said on Friday, January 24, that in the current year, this technology giant intends to invest up to $65 billion in projects related to artificial intelligence.

Finance & Economics

Bank of Japan Raises Interest Rates

On Friday, January 24, the Bank of Japan decided to raise interest rates to the highest level since the global financial crisis of 2008.

Fintech & Ecommerce

JPMorgan, Goldman Sachs Refuse to Roll Back Diversity Programs Despite Anti-DEI Activist Pressure

Despite increasing pressure from anti-DEI activists fueled by recent political shifts, several financial institutions, including Goldman Sachs and JPMorgan Chase, have chosen to maintain or even strengthen their DEI programs.

Blockchain & Crypto

US to Form National Digital Asset Stockpile

The new President administration intends to position the U.S. as a leader in the crypto sector, aiming to establish a strategic national digital asset stockpile, potentially comprising cryptocurrencies lawfully seized by the federal government.

Fintech & Ecommerce

PayPal to Pay $2M Fine for Cybersecurity Failures in New York State

PayPal will pay $2 million in settlements to New York State’s Department of Financial Services over weak cybersecurity measures that caused a sensitive customer data leak in 2022.

Finance & Economics

Citi Says Asian Tech Fundraising to Increase in 2025

Citi predicts an increase in momentum in Asian fundraising for technology companies in the current year.

Science & Technology

SK Hynix Reports Earnings

South Korean company SK Hynix, one of the largest manufacturers of memory chips in the world, on Thursday, January 23, published information about its earnings for the fourth quarter of 2024.

Finance & Economics

Survey Shows American Firms in China Fearful of Washington-Beijing Trade Turmoil

More than half of American businesses in China are currently concerned that the condition of interaction between the world’s two largest economies is nowadays on a downward trajectory.

Science & Technology

OpenAI Introduces Operator

OpenAI takes the functionality of its chatbot ChatGPT to a new level.

Finance & Economics

European CEOs Hope to Avoid US Trade War

Media reports claim that at the World Economic Forum, which is taking place this week in Davos, Switzerland, European business leaders made statements to some extent downplaying concerns about the likely impact and consequences of a potential transatlantic trade war.