Explained - page 26

News

US Retail Sales Demonstrate Growth

In the United States, an increase in retail sales was recorded in August, which was evidence that one of the main driving forces of the positive dynamic economic system of this country remains in force, despite various difficulties, including inflation that has not been fully overcome and continuing uncertainty about the scenarios of the future.

News

Intel Shares Rise Amid Chip Deal With Amazon

Intel’s chip manufacturing business, which has recently faced significant difficulties, received an incentive for growth and development after the announcement of the beginning of interaction with a major customer, which is Amazon.

Finance & Economics

VC Firm Insight Partners Reportedly Prepares to Close $10 Billion-Plus Fund

The media reports that the venture capital company Insight Partners is currently preparing to close a fund worth more than $10 billion.

Science & Technology

OpenAI Announces New Independent Board Oversight Committee

OpenAI on Monday, September 16, announced that its Safety and Security Committee, which this company introduced in May during the proceedings in the framework of disputes related to security processes, is being transformed in a structural sense and corporate context into an independent board oversight committee.

Science & Technology

Larry Ellison Becomes World’s Second-Richest Man

On Monday, September 16, the value of Oracle shares continued their growth trajectory, increasing by more than 6%, against which the chairman of this company, which is a software developer and server hardware supplier, Larry Ellison became the second richest person in the world, displacing Amazon founder Jeff Bezos in the appropriate position.

News

Adobe Shares Demonstrate Sharp Decline

The value of Adobe shares fell by almost 10% on Friday, September 13, after the Photoshop developer released a disappointing quarterly earnings forecast, which provoked fears that returns from its push toward artificial intelligence design would become a scenario for a longer period of materialization compared to initial expectations.

Finance & Economics

Hong Kong Demonstrates Readiness to Push Forward Belt and Road Initiative

Hong Kong’s financial secretary Paul Chan said that the city has all the capabilities necessary to facilitate the implementation of the Belt and Road Initiative.

Science & Technology

Oracle Earnings Beat Estimates

During the extended trading, the value of Oracle shares, a provider of database software, showed an increase of 9%, against the background of earnings data from this company for the first quarter of fiscal year 2025, which exceeded Wall Street’s preliminary expectations.

Finance & Economics

China Faces Growth of Deflation Risk

In China, core inflation has fallen to a level that is the lowest in more than three years, amid which calls have begun to spread for increased efforts to boost household spending.

Science & Technology

Palantir and Dell to Join S&P 500

The value of Dell and Palantir shares on Friday, September 6, during extended trading, showed an increase of about 7% in both cases amid reports that these companies will join the S&P 500 index.

Science & Technology

Broadcom’s Shares Demonstrate Decline Amid Weak Earnings Forecast

On Friday, September 6, the value of Broadcom shares fell by more than 7% because this company specializing in the production of chips and based in San Jose, California, released a revenue forecast that disappointed investors who have high expectations about the commercial aspect of artificial intelligence microcircuits making activities.

News

Roblox to Roll Out Paid Video Games on Its Virtual Platform

Roblox announced its intention to launch paid video games on its virtual platform and also stated a plan to provide developers with the opportunity to sell physical merchandise through video games they have created.

Finance & Economics

US Unemployment Rate Demonstrates Decline

In the United States, in August, the local labor market demonstrated what can be described as the dynamic of recovery.

Science & Technology

OpenAI Achieves More Than 1 Million Paid Business Users

OpenAI on Thursday, September 5, announced that the number of its paying users exceeded 1 million within the framework of business products, including ChatGPT Enterprise, Team, and Edu.

News

Salesforce to Acquire Startup Own

Salesforce, an enterprise cloud company, announced on Thursday, September 5, that it will acquire startup Own Co., which specializes in developing tools for data backup in cloud-based apps.

Finance & Economics

US Weekly Jobless Claims Reduce Fears of Labor Market Deterioration

Last week, the number of citizens who filled out new applications for unemployment benefits in the United States decreased.