Fed Cuts Interest Rates
The Federal Reserve System on Wednesday, September 18, decided to cut its benchmark interest rate by a half percentage point.
Report - page 63
Wells Fargo Presents New APIs for Commercial Banking Clients
Wells Fargo presented specialized application programming interfaces (APIs) designed for clients of this financial institution who belong to the category of consumers of commercial banking services.
JPMorgan Reportedly Negotiates to Become Apple Credit Card Issuer
The media reports that JPMorgan Chase which is currently the largest financial institution in the banking sector of the United States is in talks with Apple to become the technology giant’s new credit card issuer.
JPMorgan Seeks to Expand in Africa and Scandinavia
JPMorgan Chase, the largest bank in the United States, is currently stepping up efforts to expand its business globally, intending to form an enhanced presence outside the domestic market.
Institutions Drive Crypto Adoption in South Korea and Hong Kong: Report
Eastern Asia is the sixth largest cryptocurrency economy in the world this year, accounting for 8.9% of global crypto value received between July 2023 and June 2024. South Korea and Hong Kong stand out as the most crypto-active countries in the region, with institutions driving increased adoption.
Microsoft Approves New Share Buyback Program
Microsoft announced that the company’s board of directors has approved a new share buyback program worth up to $60 billion.
US Retail Sales Demonstrate Growth
In the United States, an increase in retail sales was recorded in August, which was evidence that one of the main driving forces of the positive dynamic economic system of this country remains in force, despite various difficulties, including inflation that has not been fully overcome and continuing uncertainty about the scenarios of the future.
Intel Shares Rise Amid Chip Deal With Amazon
Intel’s chip manufacturing business, which has recently faced significant difficulties, received an incentive for growth and development after the announcement of the beginning of interaction with a major customer, which is Amazon.
VC Firm Insight Partners Reportedly Prepares to Close $10 Billion-Plus Fund
The media reports that the venture capital company Insight Partners is currently preparing to close a fund worth more than $10 billion.
Apple Presents iOS 18
Apple on Monday, September 16, presented a new version of the operating system for the iPhone called iOS 18.
OpenAI Announces New Independent Board Oversight Committee
OpenAI on Monday, September 16, announced that its Safety and Security Committee, which this company introduced in May during the proceedings in the framework of disputes related to security processes, is being transformed in a structural sense and corporate context into an independent board oversight committee.
Larry Ellison Becomes World’s Second-Richest Man
On Monday, September 16, the value of Oracle shares continued their growth trajectory, increasing by more than 6%, against which the chairman of this company, which is a software developer and server hardware supplier, Larry Ellison became the second richest person in the world, displacing Amazon founder Jeff Bezos in the appropriate position.
World Labs Gets Investments to Develop Spatially Intelligent AI
World Labs has announced that it has managed to raise investment funds for $230 million, which will be used to develop large world models.
China Fines PwC for Its Role in Evergrande Collapse
In China, local regulators imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s auditing unit in the mainland of this Asian country.
Adobe Shares Demonstrate Sharp Decline
The value of Adobe shares fell by almost 10% on Friday, September 13, after the Photoshop developer released a disappointing quarterly earnings forecast, which provoked fears that returns from its push toward artificial intelligence design would become a scenario for a longer period of materialization compared to initial expectations.
Google to Help Small Businesses to Integrate AI
Google has presented initiatives aimed at helping small business companies integrate artificial intelligence technologies.
