Report - page 61

News

China Reports Exports and Imports Data

In July, China recorded an increase in imports, which exceeded preliminary expectations for the dynamic of this indicator, while the pace of export activity turned out to be less optimistic compared to forecasts.

Science & Technology

Startup Riverlane Raises $75 Million

The startup Riverlane, which specializes in the development of semiconductors to reduce errors in quantum computing, announced that it managed to raise $75 million in the latest funding round.

Science & Technology

SK Hynix Wins US Grants

South Korean SK Hynix Inc. is set to receive initial grants for $ 450 million and loans for $500 million for the implementation of a project to build an advanced chip packaging plant and a research facility in the US state of Indiana.

Fintech & Ecommerce

Neobank Monzo Customer Base Exceeds 10 Million

Digital bank Monzo, which is based in the United Kingdom, reported that the number of its customer base exceeded the 10 million mark.

Finance & Economics

Morningstar DBRS Says About Self-Fulfilling Prophecy on Market

Morningstar DBRS analysts warn that a prolonged downturn in the market after a global sell-off could become what they called a self-fulfilling prophecy.

News

Japanese Stocks Rebound From Crash

On Tuesday, August 6, in Japan, local stock indexes showed significant growth, partially offsetting the drop a day earlier that became a historical negative record.

Science & Technology

AI Chip Startup Groq Reaches $2.8 Billion Valuation

Startup Groq Inc., which operates in the artificial intelligence industry, raised investment funds for $640 million.

Finance & Economics

UBS Says About Current Condition of Japanese Market

Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, said during a conversation with media representatives that currently going into the Japanese market in terms of symbolic comparison with other actions is similar to catching a falling knife.

Finance & Economics

Japanese Stocks Demonstrate Rapid Fall

On Monday, August 5, Japanese stock indexes showed a drop in price of such a scale that corresponds to the concept of historical losses and does not belong to the category of moderate decline, which is not critical.

Science & Technology

UK Cancels $1.7 Billion of Computing Projects

In the United Kingdom, the local government has canceled computer infrastructure projects worth 1.3 billion pounds ($1.7 billion).

News

UK Banks Cut Costs

The largest local financial institutions in the United Kingdom have started to cut costs.

Science & Technology

Apple Revenue Tops Forecasts

Apple has released information about the results of its operations in the third fiscal quarter.

News

Intel Shares Fall Amid Disappointing Earnings

Intel shares fell by 20% on Thursday, August 1, as a result of information about the financial performance of the company in the second quarter of 2024, which turned out to be worse than preliminary expectations, and the consequence of the statement by the management of the firm about its intention to lay off more […]

Fintech & Ecommerce

Amazon Reports Q2 Earnings

Amazon last Thursday, August 1, released information about the financial results of its operations in the second quarter of the current year.

Finance & Economics

US Unemployment Rate Demonstrates Growth

In July, a cooling was recorded in the United States labor market, which turned out to be more widespread than preliminary forecasts regarding the most likely dynamic of the state of affairs in the relevant space.

Science & Technology

AMD Posts Revenue Rise

Advanced Micro Devices (AMD) has released information on its financial results for the second quarter of the current year.