US Finalizes Chips Manufacturing Award for Intel
On Tuesday, November 26, the US Commerce Department said it was finalizing a $7.86 billion government subsidy for Intel.
Report - page 38
Databricks Reportedly Closes in on Multibillion Funding Round at $55 Billion Valuation
The media reported that Databricks, a San Francisco-based technology company that is one of the most valuable private firms of the corresponding category in the world, raises billions of dollars in cash and so far has not demonstrated any significant desire to go public as quickly as possible.
Fed Officials See Interest Rate Cuts Ahead
Federal Reserve officials are currently expressing confidence in a steady downward trajectory of inflation in the United States and that the US labor market remains strong.
Huawei Launches Mate 70 Series of Smartphones
Huawei on Tuesday, November 26, presented a series of Mate 70 smartphones that can run on the latest operating system developed by this company.
WEX Launches AI-Powered Enhancements to Benefits Admin Tool
Commerce platform WEX has launched new artificial intelligence enhancements to its benefits administration offering.
Boosted.ai Raises $15 Million
Boosted.ai raised $15 million worth of investment funds for its generative artificial intelligence tool for investment managers.
Donald Trump Vows Tariffs on China, Mexico, Canada Over Border
Donald Trump, who won the United States presidential election this month, said he would impose additional tariffs of 10% on goods imported from China and 25% tariffs on products shipped from Mexico and Canada.
Klarna Reports SEK 216 Million Profit, Opens Hub in Warsaw
Klarna sees its profits grow 57% YoY, as it establishes a tech hub in Warsaw and looks forward to a strong holiday season driven by tech innovations.
UniCredit Offers to Buy Banco BPM
On Monday, November 25, Italian UniCredit announced an unexpected 10 billion euros ($11 billion) bid for domestic peer Banco BPM.
Barclays Raises 2025 S&P 500 Index Forecast
On Monday, November 25, Barclays raised its forecast for the S&P 500 index from 6,500 to 6,600.
Lenovo Adds Klarna’s Flexible Payment Methods in Europe
Global technology company Lenovo offers shoppers in 15 European countries the opportunity to use flexible payment methods from fintech firm Klarna.
Intuit Adds AI-Powered Financial Assistant to QuickBooks
Intuit has added a virtual financial assistant powered by artificial intelligence to QuickBooks.
Lightning AI Raises $50 Million
The artificial intelligence development platform Lightning AI was able to raise equity investments worth $50 million.
US Bank and One Inc to Accelerate Instant Insurance Payments
Insurance industry payments network One Inc has launched a partnership with US Bank.
Mastercard and Fundbot to Speed B2B Payment Flows
Mastercard will implement partnerships with Fundbot, a fintech company based in the United Arab Emirates that finances supply chains.
US Business Activity Gauge Demonstrates Growth
In the United States, in November, the measure of business activity reached a mark corresponding to a 31-month high.
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