Report - page 69

Jerome Powell Reportedly Huddles With Bank CEOs to Avoid Legal Fight Over Capital Plan
News

Jerome Powell Reportedly Huddles With Bank CEOs to Avoid Legal Fight Over Capital Plan

The media reports that the chairman of the Federal Reserve System, Jerome Powell, took part in a closed meeting with bank executives and urged them to cooperate with the financial regulator of the United States to avoid years of litigation over the proposal of the administration of US President Joe Biden on capital.

Texas Instruments to Receive Up to $1.6 Billion From US Commerce Department
News

Texas Instruments to Receive Up to $1.6 Billion From US Commerce Department

Texas Instruments, maker of microcircuits, on Friday, August 16, announced that it would receive from the US Commerce Department financing in the amount of up to $1.6 billion for the construction of three new facilities.

Ex-Google CEO Sees Nvidia as Big AI Winner
News

Ex-Google CEO Sees Nvidia as Big AI Winner

Eric Schmidt, who headed Google for ten years, during a conversation with Stanford students, said that not being an investment consultant, he sees an obvious play on the stock market, which did not involve buying shares of his former employer.

Revolut Signs Agreements With Investors for Secondary Share Sale
Fintech & Ecommerce

Revolut Signs Agreements With Investors for Secondary Share Sale

Revolut has signed secondary share sale agreements with investors.

Banking Technology Firm Amount Raises $30 Million
News

Banking Technology Firm Amount Raises $30 Million

The Amount company, which operates in the area of banking technologies, announced that it managed to raise investment funds for $30 million.

Japan’s Economy Bounces Back
Finance & Economics

Japan’s Economy Bounces Back

The Japanese economy showed growth in the second quarter of the current year.

China’s Economy Fails to Rebound
Finance & Economics

China’s Economy Fails to Rebound

In the current quarter, the downturn continues in the space of China’s economic system.

Cisco Gives Upbeat Sales Forecast
News

Cisco Gives Upbeat Sales Forecast

Cisco Systems Inc., the largest manufacturer of computer networking equipment, has released an optimistic revenue forecast amid an increase in the number of orders, but at the same time announced its intention to reduce the number of its workforce as part of making significant changes to its activity strategy.

McKinsey Sees AI Stimulates Consulting
News

McKinsey Sees AI Stimulates Consulting

McKinsey & Co. currently records an increase in the number of clients who are interested in projects related to the use of artificial intelligence.

UK Inflation Demonstrates Growth
News

UK Inflation Demonstrates Growth

In the United Kingdom, an increase in the inflation rate was recorded in July, which turned out to be lower than the preliminary expectations of experts interviewed by the media about the dynamic of this indicator and the forecast of the Bank of England.

UBS Profit Beats Forecasts
Finance & Economics

UBS Profit Beats Forecasts

UBS Group AG has released data on the financial results of its operations in the second quarter of the current year, according to which the profit of this bank for the specified period exceeded preliminary expectations regarding the dynamic of the corresponding indicator.

European Stocks Demonstrate Growth Amid US Inflation Data Expectations
News

European Stocks Demonstrate Growth Amid US Inflation Data Expectations

On Wednesday, August 14, European stock indexes demonstrated the dynamic of the growth at the beginning of trading.

Experian Expands Its Fraud Detection Capabilities
News

Experian Expands Its Fraud Detection Capabilities

Experian added behavioral analytics to its fraud detection capabilities after acquiring NeuroID.

Fed’s Raphael Bostic Says More Data Needed to Rate Cut
News

Fed’s Raphael Bostic Says More Data Needed to Rate Cut

Federal Reserve Bank of Atlanta President Raphael Bostic said that he needs a little more data to support the decision to ease the monetary policy of the United States financial regulator, which implies cutting interest rates.

Google Launches Pixel 9 Phones
Science & Technology

Google Launches Pixel 9 Phones

Google has presented upgraded smartphones, watches, and earbuds.

US Producer Prices Demonstrate Growth
News

US Producer Prices Demonstrate Growth

In the United States, a slowdown in the dynamic of wholesale inflation was recorded in July, which was a relatively expected result.