Explained - page 12

News

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.

News

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.

Science & Technology

OpenAI Introduces Operator

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

Fintech & Ecommerce

Ally Sells Credit Card Business to CardWorks

Ally Financial has sold its credit card business to Cardworks, a company that specializes in consumer finance.

News

Capital One’s Card Purchase Volumes Demonstrate Growth

Last Tuesday, January 21, Capital One published information on the results of its activities for the fourth quarter of 2024.

News

TSMC Expects Its Chips Act Funding to Continue Under Donald Trump

In the past, the President of the United States, Donald Trump, has accused Taiwan of stealing his country’s chip industry, but Taiwan’s largest microcircuits company is confident that Mr. Trump’s administration will continue funding its projects in the US.

News

Survey Shows Japan Companies Prepares for Donald Trump Tariffs

Most Japanese companies that have operations in the United States are currently preparing for possible additional tariffs after the inauguration of US President-elect Donald Trump.

News

ILO Says Global Unemployment to Hold Near Historical Low of 5%

The International Labor Organization published a report this week, which contains information that the global unemployment rate last year was steady at a historic low of 5%.

News

Perplexity AI Acquires Read.cv

Perplexity AI, an artificial intelligence-powered search engine, acquires Read.cv, a social media platform for professionals that competed with Linkedln.

News

China Hits 5% GDP Target

Last year, China’s economic system growth exceeded preliminary expectations.

News

IMF Lifts Global Economic Growth Forecast

The International Monetary Fund on Friday, January 17th, published a new version of its forecast for global economic growth which has been revised upward.

News

Scott Bessent Warns Risk of Crisis

Treasury Secretary nominee Scott Bessent warned that a crisis scenario could be realized in the United States economic system, which would become a situation with painful consequences for the middle and working-class people.

News

U.S. Bancorp and PNC Predict Muted First-Quarter NII on Loan Demand

In the United States, two major regional banks have released muted forecasts for their net interest income in the first quarter of the current year amid uncertainty about the extent to which low interest rates will revive demand for loans.

Finance & Economics

Morgan Stanley’s Profit More Than Doubles

Last Thursday, January 16, Morgan Stanley published information about its earnings for the fourth quarter of 2024, which exceeded analysts’ preliminary expectations and demonstrated the positive dynamic due to the bank’s equities and fixed-income traders generating a result surpassing forecasts.

News

BNY Quarterly Profit Beats Estimates

Bank of New York Mellon Corp. on Wednesday, January 15, released information about its profit for the fourth quarter of last year, which exceeded preliminary estimates because this financial institution earned higher investment services fees from its clients.

News

US Consumer Prices Increase Slightly Above Expectations

In December, an increase in consumer prices was recorded in the United States, the pace of which slightly exceeded preliminary expectations regarding the degree of intensity of the upward dynamic of the corresponding indicator.