Canadian Holiday Sales to Increase 2.2% This Season
Mastercard SpendingPulse reveals encouraging signs for Canadian holiday retail sales, with several factors enhancing consumers’ purchasing power.
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Over Half of U.S. Consumers to Tap Credit for Holiday Shopping
The impact of rising costs and limited budgets is evident in consumer sentiment in the U.S. this holiday season, as about 68% are worried about affording gifts and more than half will be forced to use credit solutions for holiday shopping.
Nvidia Reports Earnings
Nvidia on Wednesday, November 20, released information about its earnings for the quarter ended October 27.
Fed’s Michelle Bowman Calls for Cautious Approach on Interest Rates
Federal Reserve Governor Michelle Bowman, one of the most hawkish policymakers of the central bank of the United States, on Wednesday, November 20, called for a more cautious approach in the context of actions on cutting interest rates, noting that the dynamic of inflation still contains reasons for concern, and the labor market is strong.
Goldman Sachs CEO Sees Robust Capital Markets Next Year
Goldman Sachs chief executive officer David Solomon expects capital markets to be more robust next year.
KPMG Launches AI Partnership With Google Cloud
KPMG will spend $100 million on its enterprise services in the artificial intelligence area over the next four years.
BioCatch Launches Financial Crime Intelligence Network
BioCatch, which specializes in developing fraud prevention solutions, announced the launch of what it described as the world’s first interbank network for the sharing of information on financial crimes.
Payhawk Collaborates With JPMorgan Payments
Payhawk, a company specializing in functional solutions for expense management, has started cooperating with JPMorgan Payments.
Santander Launches Openbank in Mexico
Last Tuesday, November 19, Santander’s fully digital bank, Openbank, was launched in Mexico.
Walmart Reports Earnings
US retail giant Walmart, headquartered in Arkansas, on Tuesday, November 19, raised its annual sales and profit forecast for the third time in a row.
Affirm Expands Partnership With Priceline
Affirm, a provider of Buy Now, Pay Later (BNPL) services, has expanded the scope of its cooperation with Priceline travel company which operates in the virtual space.
Google and Nvidia Collaborate on Quantum Computer Development
Google Quantum AI is currently using the Nvidia CUDA-Q platform and the Nvidia Eos supercomputer to develop its next-generation quantum computing devices.
Mistral AI Launches Web Search
French startup Mistral AI is updating its virtual assistant based on generative artificial intelligence le Chat.
European VC Funding Down to $45B in 2024
Startups across the European region are projected to raise $45 billion from VC sources in 2024, a slight drop from the revised $47 billion in 2023.
JPMorgan UK Digital Bank Reportedly Introduces First Credit Card
The media reports that the digital bank, which is based in the United Kingdom and at the same time is part of the ownership structure of JPMorgan Chase, the largest financial institution in the United States by assets, presented its first credit card.
New Nvidia AI Chips Reportedly Overheat in Servers
Media reports that Nvidia’s new Blackwell AI chips have encountered problems with accompanying servers that overheat.
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