Fed Holds Rates Unchanged
The Federal Reserve decided to keep interest rates at the same level on Wednesday, July 31, but at the same time opened the way for lowering the cost of borrowing at a meeting to be held in September.
Report - page 62
Crypto Segment Reverses Gender Pay Gap Trend: Pantera Capital Report
Women working in the crypto segment earn, on average, 15% more than men, comprising a larger proportion of mid-level and senior positions, representing what is called a reversed gender pay gap.
Fed Reportedly to Hold Rates
Federal Reserve officials are expected to move closer this week to cutting interest rates from the current levels, which are the highest in about 20 years, but at the same time will not make any specific decisions about lowering the cost of borrowing and will only signal a possible easing of monetary policy in September.
OpenAI Launches Voice Assistant
OpenAI launches the long-awaited voice assistant for ChatGPT for a limited number of users.
Aveni Raises $14 Million
The fintech company Aveni, which is based in the United Kingdom, announced that it managed to raise investment funds for $14 million.
China to Focus on Consumption
In China, the local leadership has promised to pay high-level attention to stimulating consumer spending.
Euro-Area Economy Demonstrates Growth
In the second quarter of the current year, the eurozone economic system was on a growth trajectory and demonstrated such positive dynamic rates that exceeded the initial expectations of experts regarding the intensity of the rising of the corresponding indicator.
Booming GenAI Demand to Double Asia-Pacific Data Centre Capacity by 2028
Analysts predict that against the background of scaling up the implementation of generative artificial intelligence and cloud computing, the capacity of data centers located in the Asia-Pacific region will double over the next five years.
SK Hynix to Build Chip Plant in South Korea
SK Hynix, a South Korean-based memory chip giant, has announced its intention to invest 9.4 trillion Korean won ($6.8 billion) in the construction of a new semiconductor manufacturing plant.
ECB Rate Setters Want More Data Before Lowering Cost of Borrowing
This week, the flow of statistical information on the current state of affairs in the eurozone economic system space will provide the European Central Bank with more signals and form by this institution a more accurate understanding of how appropriate it is to decide to continue taking actions within the framework of the monetary policy […]
Bank of England Reportedly to Kick Off Slow Cycle of Interest Rate Cuts
The media reports that currently, the dominant point of view among experts is that shortly the Bank of England is highly likely to warn investors that they should not bet on launching the process of consistently cutting interest rates if its policymakers decide this week on a sharp lowering of the cost of borrowing.
One-Fourth of UK Payments are Contactless
During 2023, 18.3 billion contactless payments were made in the UK, with one-third of adults using mobile contactless payments at least once a month
BofA Says Cooling Economy to Crack Big Tech Rally Even More
Bank of America Corp.’s strategist Michael Hartnett says that the further cooling of the economic system of the United States may be the reason for the continuation of the downturn in the growth of shares of US technology companies.
Energy Tech Startup Greenely Grabs €8 Million
Swedish-based startup Greenely is closing an €8 million (about $8.7 million) Series A funding round.
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