Report - page 25

News

Wells Fargo Reports Earnings

Wells Fargo securities showed growth on Wednesday, January 15, after the bank released information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations, and issued strong guidance on net interest income for 2025.

News

BNY Quarterly Profit Beats Estimates

Bank of New York Mellon Corp. on Wednesday, January 15, released information about its profit for the fourth quarter of last year, which exceeded preliminary estimates because this financial institution earned higher investment services fees from its clients.

News

Goldman Sachs Profit Doubles

Goldman Sachs Group Inc. earnings exceeded forecasts since its equity traders have demonstrated results that have turned out to be the best in the entire history of observations.

News

JPMorgan Chase Breaks Its Own Earnings Record

JPMorgan Chase & Co. recorded an annual profit, which turned out to be the largest among all similar indicators of other lenders in the history of US banking.

Finance & Economics

US Consumer Prices Increase Slightly Above Expectations

In December, an increase in consumer prices was recorded in the United States, the pace of which slightly exceeded preliminary expectations regarding the degree of intensity of the upward dynamic of the corresponding indicator.

News

AI Agent Market Cap Sees Tremendous Growth

The market capitalisation of cryptocurrencies traded by AI agents surged by 322% in the fourth quarter of 2024.

Science & Technology

Chainalysis Acquires Alterya

Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and fintech companies to identify fraudsters and protect end users of firms from authorized swindle.

Finance & Economics

JPMorgan Chase Reportedly Eyes Commercial Banking Expansion in Germany

The media on Tuesday, January 14, published information according to which JPMorgan Chase has plans related to the expansion of its presence in Germany.

Finance & Economics

Apollo to Buy Argo Infrastructure

Apollo Global Management Inc. has agreed to buy Argo Infrastructure Partners in a cash and stock deal that will add about $6 billion to the company’s assets.

Finance & Economics

China’s Central Bank Makes It Easier for Companies to Borrow More Foreign Debt

The People’s Bank of China has strengthened the defense of the yuan and the domestic foreign exchange market.

News

China’s Central Bank Chief Says About Confidence in 2025 Economic Rebound

The Chinese authorities are convinced that the Asian country has the capacity and tools sufficient to ensure the recovery and growth of its economy this year.

Finance & Economics

China’s Trade Surplus Reaches Record

China, on Monday, January 13, announced that its trade surplus in 2024 reached almost $1 trillion.

Science & Technology

HPE Reportedly Wins $1 Billion AI Server Deal

Hewlett Packard Enterprise Co. won a deal worth more than $1 billion to provide servers optimized for artificial intelligence, to social media platform X, owned by Elon Musk.

News

TSMC Posts Revenue

Taiwan Semiconductor Manufacturing Co. (TSMC) has released information on its revenue for the quarter ended in December.

Finance & Economics

US Plans to Ban on Chinese Connected Vehicles

The administration of the President of the United States Joe Biden plans to finalize rules next week aimed at cracking down on Chinese vehicle software and hardware.

Finance & Economics

Goldman Sachs Estimates Likely Impact of Donald Trump’s Tariffs on China

Goldman Sachs chief economist Jan Hatzius said last Thursday, January 9, during a speech at the Atlantic Council in Washington, that despite the election promise of Donald Trump, who will return to the White House this month, to impose 60% tariffs on absolutely all goods imported from China, in reality, the US president-elect is likely […]