Explained - page 4

US Economy Shrinks
Finance & Economics

US Economy Shrinks

At the beginning of the current year, the United States economic system showed a decline for the first time since 2022, amid a significant increase in imports ahead of the announcement of tariffs on goods shipped to the US from other countries, and moderate consumer activity in the context of spending.

OpenAI Turns ChatGPT Into Shopping Assistant
Fintech & Ecommerce

OpenAI Turns ChatGPT Into Shopping Assistant

OpenAI announced last Monday, April 28, that it has started to roll out its ChatGPT chatbot features that make it easier and faster to find, compare, and buy products.

HSBC Reports Earnings
News

HSBC Reports Earnings

One of the largest European lenders, HSBC, on Tuesday, April 29, published information on the financial results of its operations for the first quarter of the current year, which exceeded preliminary expectations due to the robust performance of its wealth business, and strength in its corporate and institutional banking segment.

Donald Trump Eases Auto Tariffs
Finance & Economics

Donald Trump Eases Auto Tariffs

President of the United States Donald Trump on Tuesday, April 29, signed an executive order and a proclamation on easing auto tariffs.

UPS Reportedly Considers Partnership With Robotics Startup Figure AI
Science & Technology

UPS Reportedly Considers Partnership With Robotics Startup Figure AI

The media published information according to which United Parcel Service (UPS) and Figure AI are currently considering the possibility of cooperation.

Velera to Provide Card Processing Support to 802 Credit Union
News

Velera to Provide Card Processing Support to 802 Credit Union

Vermont-based 802 Credit Union (802CU) has selected Velera credit union service organization (CUSO) to provide credit and debit card processing support.

PayPal Reports First-Quarter Earnings
Fintech & Ecommerce

PayPal Reports First-Quarter Earnings

PayPal has published information about its earnings for the first quarter of the current year, which exceeded preliminary expectations, but at the same time, this company missed on revenue and reaffirmed its guidance for 2025 due to macro uncertainty.

Amazon Denies Tariff Label Plans
Fintech & Ecommerce

Amazon Denies Tariff Label Plans

Amazon.com Inc. on Tuesday, April 29, stated that it had never had plans involving widely displaying the cost of tariffs imposed by the President of the United States Donald Trump on goods.

China to Support Exporters
News

China to Support Exporters

Chinese officials vowed to provide greater support to exporters affected by tariffs from United States President Donald Trump. thus demonstrating the desire to strengthen one of the most important sectors of the Asian country’s economic system.

IMF’s Europe Head Says About Impact of German Fiscal Boost on Euro Area
Finance & Economics

IMF’s Europe Head Says About Impact of German Fiscal Boost on Euro Area

Alfred Kammer, director of the European Department at the International Monetary Fund (IMF), said that an increase in German spending on infrastructure will boost European economic growth, but at the same time will not be a factor that can outweigh the expected impact of tariffs from the United States.

China’s Industrial Profits Return to Growth
News

China’s Industrial Profits Return to Growth

Chinese industrial profits in the first quarter of the current year showed readings indicating a return to growth.

Alphabet Reports Earnings
Science & Technology

Alphabet Reports Earnings

Alphabet, the parent company of Google and YouTube, last Thursday, April 24, published financial results of its activities in the first quarter of 2025, which exceeded analysts’ preliminary expectations regarding the dynamic of the relevant indicators and became a factor of favorable impact on the shares of the technology giant.

Chatbot Gemini Reaches 350 Million Monthly Active Users
News

Chatbot Gemini Reaches 350 Million Monthly Active Users

Gemini, a chatbot from Google, reached a significant milestone in March, which is that the monthly number of active users of this virtual product has reached 350 million.

Intel Reports Disappointing Forecast
Science & Technology

Intel Reports Disappointing Forecast

Intel Corp., formerly an advanced chip manufacturer currently is trying to rise from the darkness of the problems of recent years and return to the shining heights of leadership in the microcircuits industry, which is more vital than ever at the present stage of global technological progress, has published a weak forecast for the expected […]

Revolut Tops $1 Billion in Profit
News

Revolut Tops $1 Billion in Profit

Revolut, a United Kingdom-based fintech company, announced on Thursday, April 24, that its annual profit exceeded the $1 billion mark for the first time.

FBI Says Cybercrime Costs Increase
News

FBI Says Cybercrime Costs Increase

Last year, cybercrime of all kinds caused more than $16 billion in total damage to victims around the world, according to data published on Wednesday, April 23, in a report from the United States Federal Bureau of Investigation (FBI).