Federal Reserve Bank of New York Reports Record Americans’ Credit Card Debt
The indicator of the debt of residents of the United States on credit cards has reached a historical level of more than $1 trillion.
Report - page 131
Chinese Export Declines Most in Last Three Years
By the end of July, China recorded a sharper reduction in import and export indicators compared to initial expectations.
NVIDIA Introduces Superchip to Boost AI Capacity
NVIDIA has presented a new chip that can increase the level of performance and speed, for use in generative artificial intelligence and other application scenarios involving computing.
Сhipmaker TSMC Сommittes $3.8 Billion to Factory in Germany
Taiwanese chip manufacturer TSMC on Tuesday, August 8, announced the provision of financing in the amount of $3.8 billion for the construction of a plant in Germany.
Upstart Shows Record AI Automation in Unsecured Loans
Fully automated unsecured loans enabled by Upstart AI technology provide instant and automated approval with no waiting, no documents to upload and no phone calls
Moody’s Revises Credit Ratings of Six Major US Banks
The international rating agency Moody’s has reviewed the credit ratings of six major US banks, including Bank of New York Mellon, State Street, and Northern Trust, for possible downgrades.
Auction House Phillips to Roll Out eCommerce Platform
The media reported that the Phillips auction house, which is known for selling paintings by aspiring artists, begins the history of its presence in the area of e-commerce.
KeyBank Improves Cashback Service
KeyBank has added new ways to get favorable rates, access to deposits, and cash refunds.
Palantir Improves Profit Forecast
Palantir Technologies has changed its forecast of adjusted earnings in 2023 to improve.
SoftBank Vision Fund Makes First Profit
Vision Fund, which is part of the ownership structure of the Japanese corporation SoftBank Group, announced its first profit.
Amazon Launches Credit Card in Brazil
Amazon announced the beginning of cooperation with the Brazilian bank Banco Bradesco.
Apple Reportedly Beefs Up AI Capabilities of Its Mobile Devices
The media reports that Apple is currently expanding the scale of integration of generative artificial intelligence into its mobile devices.
Bank of America Says About Importance of Transcontinental Transparency for Cross-Border Payments
Isabel Baransky, director of Global transactional services at Bank of America and head of automatic conversion products in transactional currency payments, said that the lack of transparency is the most characteristic feature of the current state of cross-border payments.
Amazon Reports Increase in Online Sales in Second Quarter of 2023
Amazon’s results for the second quarter of this year testified that the company’s desire to become a large-scale commercial ecosystem, the concept of which provides for going beyond the format of sales reporting on its platform, is being implemented and has a certain level of efficiency.
India Postpones Laptop Import Restrictions
India has postponed the start date of restrictive measures against the import of laptops, tablets, and servers to this country.
DoorDash and Uber Compete to Increased Delivery Subscription Usage
DoorDash and Uber are actively competing with each other as part of efforts to increase the number of their user bases.
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