Apple Approaches $4 Trillion Valuation
Apple is currently approaching its historical market capitalization indicator of $4 trillion.
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Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut
Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.
China Keeps Benchmark Lending Rates Steady
Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.
Southeast Asia Seeks to AI Boom
Southeast Asia is gradually becoming a promising investment hot spot for leaders in the global artificial intelligence industry such as Nvidia and Microsoft, which are making financial injections in cloud services and data centers.
Justt Raises $30 Million
Chargeback management company Justt raised a $30 million investment to bolster its platform powered by artificial intelligence.
Morgan Stanley Reportedly Predicts Favorable Environment for Lenders in 2025
The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.
Bank of England Holds Rates
The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.
Accenture Beats Quarterly Revenue
Accenture on Thursday, December 19, released a report on its earnings for the first quarter of fiscal 2025, which exceeded Wall Street’s preliminary expectations regarding this company’s revenue and profit for the mentioned period.
Hong Kong Picks Several Banks and Tech Firms to Test GenAI in Financial Sector
The Hong Kong Monetary Authority (HKMA) has picked ten banks and four technology partners to participate in a project to test several use cases for generative artificial intelligence in the financial services sector.
US Finalizes $458 Million Award to SK Hynix
The United States Commerce Department on Thursday, December 19, finalized an award for South Korean semiconductor manufacturer SK Hynix in the form of government grants worth up to $458 million.
Losses From Crypto Hacks Jump to $2.2 Billion in 2024
In the current year, the total amount of funds stolen as a result of hacker attacks on cryptocurrency platforms reached $2.2 billion.
Micron Shares Fall
The value of Micron Technology shares fell by about 12% on premarket trading on Thursday, December 19, as this chip manufacturer published disappointing earnings guidance for the second quarter of fiscal 2025, indicating sluggish consumer demand for personal computers and smartphones, despite strong sales growth of microcircuits used for the operation of artificial intelligence systems.
India’s GDP Growth Slumps to 5,4%
Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.
Kioxia’s Shares Increase in Debut
Kioxia’s shares soared 14% as part of their market debut on Wednesday, December 18.
Hong Kong Approves More Cryptocurrency Exchanges
Hong Kong’s securities regulator on Wednesday, December 18, approved the activities of four cryptocurrency exchanges as part of the city’s latest attempt to maintain its competitiveness during a kind of race for the status of a global center for trading digital assets.
UniCredit Raises Stake in Commerzbank
Italian UniCredit SpA increased its holding in German Commerzbank AG to about 28%.
