Alphabet’s Value Exceeds $2 Trillion Mark
The market capitalization indicator of Alphabet Inc. on Friday, April 26, significantly exceeded the historical mark of $2 trillion.
Report
Elon Musk’s xAI Reportedly Close to Raising $6 Billion
The media reports that Elon Musk’s startup xAI, which operates in the sphere of artificial intelligence, is close to raising funds for $6 billion from investors.
Intel Shares Fall Due to Weak PC Chip Demand
Intel’s share price on Friday, April 26, at the premarket showed a significant decline of more than 7% after the company’s pessimistic sales forecast for the second quarter of 2024 testified that the so-called artificial intelligence boom reduces consumer spending on microcircuit for traditional data centers and computer chips.
Banking-as-a-Service Platform Revenue to Reach $94 Billion Globally by 2028
A new study from Juniper Research forecasts that global BaaS (Banking-as-a-Service) platform revenue will grow by 158% by 2028.
Chinese Companies Boost Investing Abroad
Chinese companies are currently actively increasing investments in their business development in other countries, as a result of which the indicator of corresponding financial injections is approaching the mark equivalent to an eight-year high.
Microsoft-Backed Rubrik Shares Increase 25%
Rubrik Inc. securities rose in price by 25% during the trading debut after this startup specializing in the development of solutions for cloud security and data protection, backed by Microsoft, was able to raise $752 million in the initial public offering (IPO) of shares.
BNP Paribas First-Quarter Profit Beats Forecasts
BNP Paribas Bank on Thursday, April 25, released earnings data for the first quarter of 2024, which exceeded preliminary expectations.
South Korea Q1 GDP Growth Exceeds Estimates
South Korea’s economy showed growth in the first quarter of 2024, which turned out to be the fastest in more than two years.
Barclays Reports Earnings
On Thursday, April 25, Barclays shares rose in price by 4% after this financial institution, based in London, published information on net income attributable to shareholders for the first quarter of the current year.
Meta’s Stock Declines on AI Spending Plans
On Thursday, April 25, at the premarket, the price of Meta shares showed a drop in the dynamic amid news about the intention of this technology giant to switch to a strategy of so-called aggressive investment in the artificial intelligence industry, which investors treat with extreme caution and significant concerns.
Canada Institutional Investors Increase Crypto Exposure to 39%
In 2023, institutional investors in Canada expanded their exposure to crypto assets, with 39% of KPMG survey respondents dealing with the asset class in some way.
Switzerland Says About UBS’s Likely Need for Money
A year after the bankruptcy of Credit Suisse, the Swiss government announced the likelihood that UBS would have to find up to $27 billion to absorb potential losses and prevent a banking collapse, which could be a very sensitive event for the country’s financial system.
Visa and Standard Chartered Collaborate on Cross-Border B2B Payments
Standard Chartered has entered into a partnership agreement with Visa to facilitate the procedure for making B2B payments for corporate clients of a financial institution.
Square Expands Offline Payments
Square has announced the expansion of offline payments for all hardware devices in each country.
Mastercard Improves AI-Driven Fraud Defense
Mastercard is launching a partnership approach based on artificial intelligence to detect and prevent fraudulent activities involving the use of personal data and payments before the operations of criminals transform into victimizing consumers.
Apple Announces Plans for Special Event on May
Apple Inc. announced its intention to hold a special event on May 7.
Breaking News
© 2024 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.