US Announces Probe Into Electronics Imports
The US Commerce Department is conducting a national security investigation into the import of semiconductor technology and related downstream products.
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Rare Earths Become China’s Weapon in Trade War
China may start using rare earths as a weapon in a new trade war with the United States.
Chinese Exports Show Growth
In March, China’s export activity showed growth that exceeded preliminary expectations regarding the dynamic of this indicator, as businesses frontloaded outbound shipments to avoid prohibitive tariffs from the United States.
US Bank Introduces Business-Focused Checking and Spend Management Tools
U.S. Bank presented an all-in-one checking account combined with payment acceptance capabilities for small businesses.
Mantra CEO Denies Insider OM Token Dump
Mantra chief executive officer John Mullin denied reports of large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token.
BNY’s Profit Increases
Bank of New York Mellon Corp. has published data on its earnings for the first quarter of 2025, which showed growth.
Wells Fargo Reports Disappointing Earnings Data
On Friday, April 11, the value of Wells Fargo shares showed a drop as the financial institution reported revenue for the first quarter of 2025, which turned out to be below preliminary expectations, and a decrease in net interest income.
OpenAI to Phase Out GPT-4 From ChatGPT
OpenAI is soon to retire GPT-4, an artificial intelligence model that was launched more than two years ago, from ChatGPT.
JPMorgan Tops Quarterly Expectations
JPMorgan Chase on Friday, April 11, released information about its earnings for the first quarter of 2025, which exceeded preliminary expectations, driven by increased activity related to equity trading.
Morgan Stanley Reports First-Quarter Revenue
Morgan Stanley’s stock traders recorded revenue in the first quarter of the current year that exceeded analysts’ preliminary expectations, as the largest banks in the United States continue to benefit from the turbulence that has become a fact of reality against the backdrop of US President Donald Trump’s tariff policy.
US Consumer Sentiment Decreases
Currently, there is pessimism among residents of the United States in the context of assessing the prospects for the further dynamic of the country’s economic system.
US Inflation Decreases
In March, a sharp slowdown in the inflationary process was recorded in the United States economic system.
Fiserv Acquires Pinch Payments
Fiserv stated that it had acquired payment facilitator (PayFac) Pinch Payments and its management platform Glassbox.
Synchrony and Adobe Commerce to Offer Flexible Financing
Synchrony, a financial services company, has launched a new integration with Adobe Commerce.
Janover Raises $42 Million
Janover, a platform that connects the commercial real estate industry, announced last Monday, April 7, that it plans to accelerate its acquisition of digital assets after raising $42 million in an offer of convertible notes and warrants.
China Demonstrates Readiness for Trade War
The decision by the head of the People’s Republic of China, Xi Jinping, to quickly take countermeasures against the United States in the area of trade after US President Donald Trump last week announced reciprocal tariffs on goods imported from the Asian country indicates Beijing’s readiness for a large-scale, intense and, in a sense, fundamental […]
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