Explained - page 14

BNY Quarterly Profit Beats Estimates
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.

US Consumer Prices Increase Slightly Above Expectations
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.

Chainalysis Acquires Alterya
News

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
News

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
Finance & Economics

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
Science & Technology

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
News

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
News

China’s Aviation Sector Reports Profit

In China, the local civil aviation sector has reported making a profit.

US Job Growth Beats Expectations
Finance & Economics

US Job Growth Beats Expectations

In the United States, an unexpected acceleration in job growth was recorded in December.

SoftBank and Arm Reportedly Weigh Acquiring Ampere Computing
News

SoftBank and Arm Reportedly Weigh Acquiring Ampere Computing

Japanese technology investor SoftBank Group and its majority-owned Arm Holdings are currently considering the possibility of concluding the deal with semiconductor company Ampere Computing backed by Oracle.

Country Garden Proposes Deal to Reduce Offshore Debt by $11.6 Billion
Finance & Economics

Country Garden Proposes Deal to Reduce Offshore Debt by $11.6 Billion

The Chinese property development company Country Garden has proposed to its offshore creditors the deal, which will reduce the debt of this firm by $11.6 billion.

China Orders Miners to Report More of Their Overseas Reserves
News

China Orders Miners to Report More of Their Overseas Reserves

Beijing has ordered Chinese investors in foreign mining projects to report on their proven and prospective reserves of crucial minerals.

Intel Says New Laptop Chips to Extend Computer Battery Life
Science & Technology

Intel Says New Laptop Chips to Extend Computer Battery Life

Intel Corp., which is currently symbolically and practically fighting for its place in the sun in the global technology sector and in the notebook processor market particularly, where its position in terms of competitiveness has faced the prospect of a significant weakening in recent years amid increased competition, said that the new range of chips […]

Qualcomm’s New Chips to Bring AI to $600 Personal Computers
News

Qualcomm’s New Chips to Bring AI to $600 Personal Computers

Qualcomm Technologies Inc. announced the Snapdragon X Platform, the fourth platform in its portfolio of Snapdragon X computing systems designed to deliver performance, multi-day battery life, and Copilot+PC experiences for even more users worldwide.

Donald Trump Announces $20 Billion Plan to Build New Data Centers
Science & Technology

Donald Trump Announces $20 Billion Plan to Build New Data Centers

President-elect Donald Trump, who will return to the White House this month, announced that Hussain Sajwani, the Emirati billionaire businessman who founded the property development giant DAMAC Properties, will invest $20 billion in building data centers across the United States.

US Trade Deficit Increases
News

US Trade Deficit Increases

In November, an increase in the trade deficit was recorded in the United States.