Report - page 8

Blockchain & Crypto

Kraken Launches Commission-Free Trading

Kraken, one of the longest-standing and most secure cryptocurrency platforms, on Monday, April 14, announced the initial launch of commission-free trading of more than 11,000 US-listed stocks and ETFs to clients in Wyoming, Oklahoma, New Jersey, Connecticut, Iowa, Idaho, Kentucky, Alabama, Rhode Island and the District of Columbia.

Finance & Economics

BNY’s Profit Increases

Bank of New York Mellon Corp. has published data on its earnings for the first quarter of 2025, which showed growth.

News

Wells Fargo Reports Disappointing Earnings Data

On Friday, April 11, the value of Wells Fargo shares showed a drop as the financial institution reported revenue for the first quarter of 2025, which turned out to be below preliminary expectations, and a decrease in net interest income.

News

OpenAI to Phase Out GPT-4 From ChatGPT

OpenAI is soon to retire GPT-4, an artificial intelligence model that was launched more than two years ago, from ChatGPT.

Finance & Economics

JPMorgan Tops Quarterly Expectations

JPMorgan Chase on Friday, April 11, released information about its earnings for the first quarter of 2025, which exceeded preliminary expectations, driven by increased activity related to equity trading.

Finance & Economics

Morgan Stanley Reports First-Quarter Revenue

Morgan Stanley’s stock traders recorded revenue in the first quarter of the current year that exceeded analysts’ preliminary expectations, as the largest banks in the United States continue to benefit from the turbulence that has become a fact of reality against the backdrop of US President Donald Trump’s tariff policy.

Finance & Economics

China Raises Tariffs on US Goods

The head of the People’s Republic of China, Xi Jinping, in his first public comments on the escalation of the trade war with the United States, said that his country was not afraid.

News

US Consumer Sentiment Decreases

Currently, there is pessimism among residents of the United States in the context of assessing the prospects for the further dynamic of the country’s economic system.

Finance & Economics

US Inflation Decreases

In March, a sharp slowdown in the inflationary process was recorded in the United States economic system.

Science & Technology

Newest Gemini AI Model Focuses on Efficiency

Google is releasing a new artificial intelligence model that is designed to deliver strong performance with a focus on efficiency.

Finance & Economics

Amazon CEO Says AI Costs to Come Down

Amazon chief executive officer Andy Jassy on Thursday, April 10, released his annual shareholder letter, in which he predicted that rapid advances around artificial intelligence along with increasing competition in the chip market will eventually bring down the costs associated with this cutting-edge technology.

News

ESG Book LEO Transforms Sustainability Reporting for Corporates and Finance

ESG Book has introduced the LEO cloud solution, designed specifically for financial institutions and corporates to meet sustainability due diligence and disclosure requirements.

News

Cardano Founder Predicts Bitcoin to Hit $250,000 This Year

The industry veteran and founder of the Cardano blockchain, Charles Hoskinson, stated during a conversation with media representatives that as early as the current year, the price of Bitcoin could reach the $250,000 mark.

News

Business Confidence in UK Holds Record High

UK businesses illustrate robust confidence levels with growth driven by optimistic retail firms.

News

Donald Trump Puts 90-Day Pause on Higher Tariffs

President of the United States Donald Trump on Wednesday, April 9, announced a 90-day pause on higher tariffs and at the same time increased levies on goods imported from China to 125%.

Fintech & Ecommerce

Fiserv Acquires Pinch Payments

Fiserv stated that it had acquired payment facilitator (PayFac) Pinch Payments and its management platform Glassbox.