Explained - page 13

Meta Reports Its Financial Results
News

Meta Reports Its Financial Results

On Wednesday, January 29, in after-hours trading Meta’s shares demonstrated slight growth against the background of the fact that this technology giant published its earnings for the fourth quarter of 2024 and the whole of last year.

IBM Shares Increase on Earnings Beat
News

IBM Shares Increase on Earnings Beat

IBM on Wednesday, January 29, released information about its earnings for the fourth quarter of 2024, which exceeded Wall Street’s preliminary expectations.

Microsoft Reports Earnings
Science & Technology

Microsoft Reports Earnings

On Wednesday, January 29, during the extended trading, the value of Microsoft shares fell by as much as 5% after the technology giant released its results for the second fiscal quarter, which showed the growth of Azure cloud computing services below preliminary expectations.

DeepSeek Faces Cyberattack
News

DeepSeek Faces Cyberattack

Chinese startup DeepSeek announced last Monday, January 27, that it would temporarily limit registrations due to a cyberattack after the brand’s artificial intelligence assistant suddenly became very popular.

Humanity Protocol Secures Valuation of $1.1 Billion
News

Humanity Protocol Secures Valuation of $1.1 Billion

Humanity Protocol has secured a fully diluted valuation of $1.1 billion after raising $20 million in a funding round co-led by Jump Crypto and Pantera Capital.

Affirm Expands Cooperation With Liberty Mutual Investments
News

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).

Texas Instruments Gives Dour Q1 Profit Forecast
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.

SK Hynix Reports Earnings
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.

OpenAI Introduces Operator
News

OpenAI Introduces Operator

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

Ally Sells Credit Card Business to CardWorks
News

Ally Sells Credit Card Business to CardWorks

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

Capital One’s Card Purchase Volumes Demonstrate Growth
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.

TSMC Expects Its Chips Act Funding to Continue Under Donald Trump
Science & Technology

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.

Survey Shows Japan Companies Prepares for Donald Trump Tariffs
Finance & Economics

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.

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

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%.

Perplexity AI Acquires Read.cv
Science & Technology

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.

China Hits 5% GDP Target
Finance & Economics

China Hits 5% GDP Target

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