Chipmaker Kioxia Files for IPO
Bain Capital-backed Kioxia filed for an initial public offering (IPO) of shares last Friday, November 8th.
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PNC Bank Increases Investment in New Branch Locations
PNC Bank has increased the number of new branch locations and renovations that this financial institution intends to complete over the next five years.
China Announces $1.4 Trillion Debt Package
China on Friday, November 8, announced a five-year package of measures totaling 10 trillion yuan ($1.4 trillion), designed to solve the debt problems of local governments.
Tesla Hits $1 Trillion Market Value
Tesla’s market capitalization indicator on Friday, November 8, breached the $1 trillion mark amid a sharp increase in the value of the company’s shares, which is due to the fact that its chief executive officer Elon Musk supported Donald Trump, who became the winner of the United States presidential election.
UK Fintech Firm Wise Posts Jump in Profit
The United Kingdom-based fintech company Wise, which specializes in providing digital payment services to consumers, reported profit growth in the first half of the 2025 fiscal year.
Rohlik Partners With Amazon in Germany
Czech Republic-based online grocer Rohlik Group will partner with Amazon for e-grocery services in Germany.
Arm Reports Earnings Forecast
Chip developer Arm Holdings last Wednesday, November 6, released a forecast for its revenue in line with Wall Street targets, against which the value of the brand’s shares fell by 4.5%.
Qualcomm Reports Earnings
Qualcomm last Wednesday, November 6, released data on its earnings for the last quarter.
Fed Cuts Interest Rates Again
The Federal Reserve System on Thursday, November 7, decided to cut interest rates for the second time in the current year.
China’s Exports Demonstrate Growth
In October, Chinese exports showed growth rates, which turned out to be the most intense in more than two years.
US Stocks Rise to Record Highs
The stock indexes of the United States on Wednesday, November 6, showed a sharp increase and closed at a record high amid the news that Donald Trump had won the presidential election.
Super Micro Shares Demonstrate Decline
Super Micro, a server manufacturer that publishes annual financial statements later than scheduled and currently faces the risk of being excluded from the Nasdaq list, last Tuesday, November 5, shared with the public data on the results of its activities for the last fiscal quarter.
German Factory Orders Demonstrate Growth
In Germany, an increase in factory orders was recorded in September.
Perplexity AI Reportedly Nears $500 Million Funding Round
Media reports that Perplexity AI, a startup that developed an artificial intelligence-based search engine, is currently in the final stages of the process of raising $500 million in funding with a valuation of $9 billion.
Startup Physical Intelligence Reportedly Raises $400 Million
The media reports that the startup Physical Intelligence, which operates in the area of robotics, was able to raise $400 million in early-stage funding.
Marqeta CEO Says About Future of Analog Payments
The Marqeta platform, which carries out card issuance activities, last Monday, November 4, as part of the earnings call for the third quarter of 2024, announced information about its plans, including those related to upcoming cooperation and the launch with VisaFlex Credential this week.
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