Key Fed Inflation Rate Hits 2.1%
In the United States, inflation showed moderate growth in September and approached the Federal Reserve’s target of 2%.
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Halloween Sales to Drop and Become Spread Out in 2024
Halloween consumer shopping patterns are changing, with holiday sales expected to fall by $600 million from the record-high figures of 2023.
Worldpay to Offer Klarna as Default Payment Option
Klarna will become a default payment method for Worldpay’s global merchant network, expanding customer access to Klarna’s flexible payment services directly through Worldpay’s platform.
Mastercard Launches AI-Powered Digital Assistant Tool
Mastercard’s new in-house AI capabilities include a chat-based assistant, source management, and learning improvements with human feedback.
Airwallex Reportedly Plans to Raise $200 Million
Media reports indicate that Airwallex, a payments platform, is currently in talks to raise $200 million in investment funds.
Siemens to Buy Altair
Siemens will buy Altair Engineering, a company specializing in software development.
Euro-Area Economy Growth Beats Expectations
In the eurozone, economic growth was recorded in the third quarter of the current year, the pace of which exceeded preliminary expectations for the dynamic of the corresponding indicator.
US Economy Demonstrates Solid Growth
In the third quarter of the current year, the United States economy maintained strong growth rates.
Visa Direct to Enable Real-Time Account Funding for Coinbase Customers
Coinbase integration of Visa Direct real-time payment service allows eligible Visa debit cardholders to instantly deposit funds into their Coinbase accounts, enhancing the speed and flexibility of transactions.
Indonesia Bans iPhone 16
Sales of the latest generation of the iPhone smartphone from the US technology giant Apple have been banned in Indonesia.
Citi Turns to Google to Use AI and Cloud Technology
Citi has teamed with Google to use artificial intelligence and cloud technology to bolster its digital strategy.
AMD Reports Quarterly Revenue
Advanced Micro Devices (AMD) on Tuesday, October 29, released information about its earnings for the quarter ended September 28, 2024.
Alphabet Reports Earnings
Alphabet, the parent company of Google, has published information about its earnings for the third quarter of the current year.
Larry Fink Says About Scales of Further Fed’s Monetary Easing
Blackrock chief executive officer Larry Fink said Tuesday, October 29, speaking at a CEO-studded panel in Riyadh, Saudi Arabia, that the Federal Reserve will not cut interest rates on the scale that markets expect, as currently embedded inflation is too high.
Morgan Stanley CEO Says About End of Era of Zero Interest Rates and Inflation
Morgan Stanley chief executive officer Ted Pick on Tuesday, October 29, during a speech at a panel of finance CEOs in Riyadh, Saudi Arabia, said that the days of easy money and zero interest rates are firmly in the past.
JPMorgan Chase CEO Says Banks Must Fight Back Against Regulators
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest bank in the United States, said last Monday, October 28, that his colleagues should fight against excessive regulation.
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