US Business Activity Gauge Demonstrates Growth
In the United States, in November, the measure of business activity reached a mark corresponding to a 31-month high.
US
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.
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.
Klarna to Be Available on Google Pay in 2025
Klarna, a popular “buy now, pay later” service, is to be available on Google Pay starting next year.
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.
Perplexity AI Launches Shopping Assistant
Perplexity AI has launched a virtual shopping assistant based on artificial intelligence in the United States.
Spirit Airlines Files for Bankruptcy
On Monday, November 18, Spirit Airlines filed for bankruptcy protection.
ByteDance Reaches $300B Valuation
TikTok’s parent company, ByteDance, recovered from a prior valuation of $223 billion, although it’s still below the $400 billion peak of 2021.
Hedge Funds Millennium, Capula, Tudor Expand Bitcoin ETF Exposure
Amid the election-driven price volatility, certain hedge funds have leveraged the price gap between spot Bitcoin and its futures contracts to execute profitable trades.
Staples Partners With Klarna, Helping Consumers to ‘Work Now, Pay Later’
Staples established cooperation with Swedish BNPL provider Klarna to offer flexible payment options for customers purchasing office essentials.
Retailers Are Top Green Investors in US
Retailers have emerged as unexpected leaders in green investments among different U.S. industries, contributing almost $33.6 billion in green technology or clean energy in Q2 of 2024.
US Finalizes $6.6 Billion Chips Award for TSMC
The United States Commerce Department on Friday, November 15, announced that it finalized a $6.6 billion government subsidy for the US unit of Taiwan Semiconductor Manufacturing Co (TSMC).
Elon Musk Expands Lawsuit Against OpenAI
It has become known that Elon Musk has expanded his lawsuit against OpenAI, the developer of the world’s most popular artificial intelligence-based chatbot called ChatGPT.
Fed’s Susan Collins Says About Prospects of December Rate Cut
Federal Reserve Bank of Boston President Susan Collins on Friday, November 15, during a conversation with media representatives, stated that cutting interest rates in the United States in December remains on the table, noting separately in this context that the relevant decision of the US financial regulator will be based on the coming data on […]
Palantir Shares Demonstrate Growth
The shares of Palantir Technologies Inc., an artificial intelligence software developer, confidently resist the skepticism of Wall Street analysts, who doubt the justification for the high market capitalization of this company and do not show enthusiasm in the context of assessing the prospects for sustainable revenue growth of the firm.
Visa Flexible Credential Expands to US With Affirm Card
Visa Flexible Credential allows users to manage funding from various accounts for different purchase types, and use “Buy Now, Pay Later” services via the Affirm partnership.
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