Explained - page 11

Xi Jinping Urges Entrepreneurs to Show Their Talents
News

Xi Jinping Urges Entrepreneurs to Show Their Talents

On Monday, February 17, President of the People’s Republic of China Xi Jinping delivered a speech at a rare closed-door symposium with the participation of entrepreneurs, urging them to show their talents in a new era for business in the Asian country.

Figure AI Reportedly in Talks for New Funding
News

Figure AI Reportedly in Talks for New Funding

The media, citing informed sources, published information according to which the robotics startup Figure AI is currently negotiating to raise financing for $1.5 billion which will increase the valuation of this brand to $39.5 billion.

Chip Designer Arm Reportedly Plans to Become Chip Manufacturer
News

Chip Designer Arm Reportedly Plans to Become Chip Manufacturer

The media published information according to which Arm, specializing in the development of chips, plans to become a manufacturer of microcircuits as part of its own transformation, which means broader prospects, including in the context of financial performance.

US Retail Sales Demonstrate Decline
News

US Retail Sales Demonstrate Decline

In the United States, retail sales showed a decline in January, which turned out to be the largest in almost two years.

Donald Trump to Impose Reciprocal Tariffs as Soon as April
Finance & Economics

Donald Trump to Impose Reciprocal Tariffs as Soon as April

President of the United States Donald Trump has ordered his administration to consider imposing reciprocal tariffs on Washington’s numerous trading partners.

UK Escapes Recession Threat
News

UK Escapes Recession Threat

At the end of 2024, unexpected growth was recorded in the economic system of the United Kingdom, which is because the increase in public spending provided the Labour government with a kind of reprieve after negative indicators.

Stripe Reportedly Plots $85 Billion Employee Share Sale
News

Stripe Reportedly Plots $85 Billion Employee Share Sale

The media published information according to which Stripe is currently in talks about selling stocks of employees at an $85 billion valuation.

DoorDash Says Digital Experiences Drive More Orders of Retail Goods
Fintech & Ecommerce

DoorDash Says Digital Experiences Drive More Orders of Retail Goods

DoorDash announced an increase in the number of consumers who order from not only its initial offering-restaurants but also in new verticals that include a growing variety of retailers.

Donald Trump Readies Reciprocal Tariffs
Finance & Economics

Donald Trump Readies Reciprocal Tariffs

On Wednesday, February 12, the trade advisors of the President of the United States, Donald Trump, were finalizing plans for the reciprocal tariffs.

Donald Trump Calls for Lower Interest Rates
News

Donald Trump Calls for Lower Interest Rates

President of the United States Donald Trump switched his position on the Federal Reserve System again, posting a message on social media on Wednesday, February 12, that interest rates need to come down.

CVS Health Reports Earnings
News

CVS Health Reports Earnings

On Wednesday, February 12, CVS Health published information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations, although this company still continues to face problems in its insurance business, seeing higher medical costs.

US Consumer Prices Demonstrate Growth
News

US Consumer Prices Demonstrate Growth

In the United States, inflation showed an increase in January, which exceeded preliminary expectations regarding the dynamic of this indicator.

Donald Trump Raises Tariffs on Aluminum and Steel Imports
Finance & Economics

Donald Trump Raises Tariffs on Aluminum and Steel Imports

President of the United States Donald Trump has ordered to impose a 25% tariffs on steel and aluminum imports, which means stepping up his efforts to protect those US industries that are of particular importance in the context of the economic aspect of the country’s existence and at the same time are essential from a […]

Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI
Science & Technology

Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI

On Monday, February 10, a consortium led by Elon Musk announced that it has offered $97.4 billion for the purchase of a nonprofit, which controls OpenAI.

Web3 Exec Says Current Chain Abstraction Methods Fragment Crypto
News

Web3 Exec Says Current Chain Abstraction Methods Fragment Crypto

Industry executives and competing companies continue to try to grapple with abstracting away from the complexities of blockchain for the end user.

Tether CEO Says Quantum Сomputing to Bring Lost Bitcoin Back in Circulation
Blockchain & Crypto

Tether CEO Says Quantum Сomputing to Bring Lost Bitcoin Back in Circulation

Tether chief executive officer Paolo Ardoino predicts that quantum computing will eventually crack Bitcoin wallets classified as inactive and return digital assets to circulation.