Petal to Expand Credit Card Program
Petal announced intention to expand its credit card program.
Report - page 132
Bank of England Raises Interest Rates
The Bank of England on Thursday, August 3, announced an increase in interest rates.
Robinhood Reports First-Ever Profit
The second quarter of 2023 was the first profitable period for Robinhood Markets since the platform became public, which happened in July 2021.
DoorDash’s Grocery Business Grows to Record-High 532 Million Orders
DoorDash fixed record volumes of orders against the background of the rapid expansion of its grocery business, which has resulted in the growth of sales figures.
Apple Card’s Savings Account Exceeds $10 Billion
Apple Card’s Savings Account Exceeds $10 billion.
Stripe Offers Tax Tool to Its Platform Clients
Stripe reported about tax tool, the use of which will allow the clients of the company’s platform to increase the volume of sales worldwide.
Fitch Downgrades US Debt Rating From AAA to AA+
Fitch Ratings has downgraded the US debt rating from the highest level of AAA to AA+.
SoFi Publishes Earnings Results
SoFi’s results concerning the company’s revenues have become evidence of the effectiveness and justification of the firm’s concept of activity, which provides for the unification of savings, lending, and expenses within a single financial vector characterized by continuity.
California Plans to Review Data Privacy in Cars
In California, local regulators with the authority to initiate investigations and proceedings in the field of confidentiality have announced their intention to review the data protection policy followed by car manufacturers.
Foxconn Plans to Build Component Plants in India
Foxconn Technology Group, Apple’s main supplier based in Taiwan, intends to increase investment in the development of production in the southern Indian state of Karnataka to more than $1.2 billion.
Amazon to Double Same-Day Delivery Facilities
Amazon on Monday, July 31, announced its intention to double the number of same-day delivery points in the United States.
Swiss National Bank Reports $15 Billion Loss
The Swiss National Bank on Monday, July 31, reported that following the results of the second quarter, this financial institution recorded a loss of 13.2 billion Swiss francs ($15.14 billion).
Microsoft Says About Importance of GPU Supply for AI
Microsoft informed investors about the critical importance of the supply of graphics processors (GPUs), which are both the main resource and a risk factor for the business of cloud services that are part of the technological ecosystem of the corporation and are at the stage of intensive scaling.
Toshiba Says Its Takeover Offer to Start in August
Toshiba has announced that it expects a $15 billion buyout offer by a group led by private equity firm Japan Industrial Partners to begin in August.
Applied Materials Expands in India
The American company Applied Materials, a manufacturer of equipment used in the production of microchips, announced its intention to expand the scale of its activities in India.
Sequoia Capital Reportedly Downsizes Its Funds
The media reports that the Silicon Valley venture capital company Sequoia Capital has decided to downsize two of its large funds.
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