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%.
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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
Last year, China’s economic system growth exceeded preliminary expectations.
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.
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.
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.
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.
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.
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.
Chainalysis Acquires Alterya
Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and fintech companies to identify fraudsters and protect end users of firms from authorized swindle.
Apollo to Buy Argo Infrastructure
Apollo Global Management Inc. has agreed to buy Argo Infrastructure Partners in a cash and stock deal that will add about $6 billion to the company’s assets.
China’s Trade Surplus Reaches Record
China, on Monday, January 13, announced that its trade surplus in 2024 reached almost $1 trillion.
HPE Reportedly Wins $1 Billion AI Server Deal
Hewlett Packard Enterprise Co. won a deal worth more than $1 billion to provide servers optimized for artificial intelligence, to social media platform X, owned by Elon Musk.
TSMC Posts Revenue
Taiwan Semiconductor Manufacturing Co. (TSMC) has released information on its revenue for the quarter ended in December.
China’s Aviation Sector Reports Profit
In China, the local civil aviation sector has reported making a profit.
US Job Growth Beats Expectations
In the United States, an unexpected acceleration in job growth was recorded in December.
