AMD Reports Quarterly Revenue
Advanced Micro Devices (AMD) on Tuesday, October 29, released information about its earnings for the quarter ended September 28, 2024.
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Alphabet Reports Earnings
Alphabet, the parent company of Google, has published information about its earnings for the third quarter of the current year.
Morgan Stanley CEO Says About End of Era of Zero Interest Rates and Inflation
Morgan Stanley chief executive officer Ted Pick on Tuesday, October 29, during a speech at a panel of finance CEOs in Riyadh, Saudi Arabia, said that the days of easy money and zero interest rates are firmly in the past.
Citi Launches Integrated Digital Bill Discounting Solution
Citi has launched an integrated digital bill discounting solution, which, as stated by this financial institution, will help customers monetize accounts receivable in less than an hour.
Perplexity AI Says Its Search Engine Serves 100 Million Queries Per Week
Perplexity AI chief executive officer Aravind Srinivas on Friday, October 25, said that this artificial intelligence search company serves more than 100 million queries weekly.
US Consumer Sentiment Demonstrates Improvement
In October, local consumer sentiment in the United States showed an increase, reaching a mark that corresponds to a six-month high.
Identity Startup Socure to Acquire Effectiv
Socure Inc., an identity verification service provider whose functional solutions are used by companies such as Chime Financial Inc. and Robinhood Markets Inc., has agreed to acquire Effectiv, a fraud prevention platform.
MoneyLion Launches Financial Products Marketplace
MoneyLion has launched a new marketplace that allows consumers to search, apply for, and make transactions on third-party financial products, including loans, credit cards, and savings accounts.
IMF Warns of Increasing Risks for Global Growth
Experts from the International Monetary Fund (IMF) have revised down their forecast for the dynamic of global economic growth next year.
BNY and Mizuho Bank to Provide Trade Services in Asia
The Bank of New York Mellon Corp. (BNY) and Mizuho Bank cooperate to provide trade services to corporate clients in Asia.
Chinese Banks Cut Lending Rates
In China, local financial institutions have cut their benchmark lending rates after the launch of the so-called easing strategy by the Asian country’s central bank last month.
TSMC Reports Q3 Earnings
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chip maker, has bet on maintaining its steady growth against the background of the results of operations for the third quarter of the current year, which testified that this firm is one of the beneficiaries of the so-called artificial intelligence boom.
US Retail Sales Demonstrate Growth
In September, the United States recorded an increase in consumer spending, which is evidence of the sustainability of the country’s economic system, which is currently getting a boost from the Federal Reserve System.
US Weekly Jobless Claims Demonstrate Decrease
In the United States, the number of residents who filed new applications for unemployment benefits unexpectedly decreased last week, but at the same time, this indicator may remain elevated in the short term due to the effects of hurricanes Helen and Milton, which had a negative impact on the US labor market picture.
UK Inflation Drops
In September, the United Kingdom recorded a sharp decrease in the inflation rate.
