Tassat and Glasstower Collaborate on B2B Payments for Multinational Corporations
Tassat Group and Glasstower Digital announced the beginning of cooperation to facilitate the procedure for making cross-border digital B2B payments.
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Dwolla and Visa Collaborate on Account Verification for Pay-by-Bank
Dwolla and Visa announced a joint effort to simplify the process for medium and large businesses to use the pay-by-bank system to make payments and receive transactions of the corresponding category.
Avidbank Taps CorServ to Roll Out New Commercial Credit Card Program
Avidbank, based in California, has asked CorServ, which is located in Georgia, for assistance in launching a new credit card program for commercial customers of a financial institution.
Baidu Revenue Grows
Baidu Inc.’s revenue for the first quarter of 2024 showed the slowest growth rate in more than a year.
Dell Shares Rise
Last Wednesday, May 15, Dell shares rose by more than 11% after Morgan Stanley raised its price target and released a forecast that this technology company, based in Round Rock, Texas, will increase sales in the foreseeable future amid high demand for artificial intelligence servers.
Dow Crosses 40,000
On the morning of Thursday, May 16, the Dow Jones index crossed the 40,000-point mark for the first time in its history.
Japan’s Economy Contracts
During the first quarter of the current year, Japan’s economy contracted.
US Inflation Slows
In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.
JPMorgan CEO Urges United States to Deal With Deficit
JPMorgan CEO Jamie Dimon on Wednesday, May 15, called on the leadership of the United States to reduce the fiscal deficit as soon as possible, noting that over time the relevant problem will become more difficult in terms of opportunities and prospects for its successful solution.
Chinese Companies Make Headway in Manufacturing High Bandwidth Memory
The media, citing sources and documents, reported that two Chinese chip manufacturers are currently in the early stages of making high bandwidth memory (HBM) microcircuits used in artificial intelligence chipsets.
Experts Expect US Inflation Data to Show Some Positive for Fed
Experts predict that the monthly report on consumer prices in the United States will show a decrease in the level of inflationary pressure in this country as a result of April.
Alibaba Reports Quarterly Earnings
The Chinese company Alibaba on Tuesday, May 14, released data on the financial results of its activities in the fourth fiscal quarter.
Apple Reportedly Plans to Sell Vision Pro Outside US
Media reports that Apple has begun preparations to launch sales of the Vision Pro mixed-reality headset outside the United States.
OpenAI Launches GPT-4o
OpenAI has launched a faster and cheaper version of its artificial intelligence model, based on which the chatbot ChatGPT functions.
China Credit Engine Goes Into Reverse
A sharp contraction in lending in China is forcing the central bank of the Asian country to assist, and from the government’s point of view, it is a source of need to spend more money.
SoftBank to Intensify Its Activity in AI Industry
SoftBank Group Corp. has plans to begin implementing a more aggressive strategy in the artificial intelligence industry and other spheres of activity.
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