China Exports Growth Demonstrates Slowdown
In China, an unexpected slowdown in export growth was recorded in September.
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China to Increase Spending to Revive Economic Growth
China will significantly increase the issuance of government debt obligations to offer subsidies to people with low income, support the real estate market, which has recently been in a crisis condition, and replenish the capital of state-owned banks.
OpenAI’s Nonprofit Structure Demonstrates Probability of Transformation
OpenAI, one of the main players in the global artificial intelligence industry and the developer of the world’s most popular chatbot called ChatGPT, is likely to face costly and inconvenient reckoning due to its nonprofit origin, even though the startup’s valuation has reached the $157 billion mark.
UK Economy Returns to Growth
In the United Kingdom, the local economic system has returned to a growth trajectory, which put UK Prime Minister Keir Starmer on track for a modest recovery before worries about his first budget became a factor of pressure on sentiment.
US Consumer Sentiment Declines
In the United States, consumer sentiment has been deteriorating in the current month, as residents of the country continue to be frustrated with the high level of prices for goods and services.
SoFi Adds New Credit Cards to Its Product Line
SoFi Technologies has added two new credit cards to its digital financial services line.
US Inflation Rate Tops Expectations
In September, in the United States, the rate of price growth demonstrated a level that exceeded preliminary expectations for the dynamic of the corresponding indicator.
Mercury Secures $100 Million Credit Warehouse
Fintech company Mercury secured a credit warehouse with Natixis Corporate & Investment Banking for $100 million.
Hurricane Milton Reportedly to Cause Significant Economic Damage
Leading Wall Street analysts argue that Hurricane Milton, which bears down once a century, can cause more than $50 billion in material damage, under a scenario that can be conditionally characterized as moderate, but in the case of a more negative configuration of the situation associated with a natural disaster, the mentioned indicator may grow […]
European Investment Bank Seeks to Provide Greater Support to Startups
The European Investment Bank said on Monday, October 7, that the finance ministers of the European Union countries welcomed its Action Plan to deepen regional capital markets and provide more support to startups.
US Big Banks Lending Income Reportedly to Hit Two-Year Low
The media reports that new reports on the performance of the largest banks in the United States will contain data according to which these lenders have received income from lending which is the lowest for the last two years.
Samsung Reportedly to Fix Growth of Profit
Samsung Electronics is expected to release data on Tuesday, October 8, according to which its profit more than quadrupled last quarter amid increased demand for chips.
Foxconn’s Revenue Beats Estimates
Revenue of Foxconn, the world’s largest contract electronics manufacturer based in Taiwan, was the highest ever in the third quarter of the current year.
TrueLayer Raises $50 Million
TrueLayer raised $50 million as part of its $130 million Series E funding round.
Ubisoft Shares Demonstrate Growth
The value of shares of Ubisoft, the maker of video games, on Friday, October 4, showed an increase of more than 30%.
Global Supply Chain Pressure Demonstrates Weakening
An index tracked by the New York Federal Reserve on Friday, October 4, testified that the resolution of the strike at United States ports is likely to be a factor in reducing pressure on global supply chains.
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