Wells Fargo CEO Says About Potential Consequences of Fed Asset Cap

Chief Executive Officer of Wells Fargo & Co. Charlie Scharf said that the limitation of the assets of the Federal Reserve System is currently not a factor of significant influence on the process of activity of the financial institution he heads, but suggests that the situation will change in the future.

Science & Technology

Bumble Launches AI-Powered Conversation Starters and Plans for Friends

Bumble For Friends, which in the digital age helps people communicate with each other and find new friends in the virtual space, announced the launch of two functional solutions called Conversation Starters and Plans.


Goldman Sachs Favors Options to Counter Intensive Rate-Cut Pricing

Goldman Sachs thinks that there is currently an overly optimistic mood in the financial markets regarding the possible range of interest rate cuts by the Federal Reserve next year.

Finance & Economics

Former CEO Sues Wells Fargo

The former CEO of Wells Fargo, Tim Sloan, filed a lawsuit against this financial institution demanding compensation, the amount of which is more than $34 million.

Science & Technology

Apple Releases Security Updates

Apple has announced the release of security updates for its devices, among which are the iPhone, iPad, and Mac.

Science & Technology

Judge Blocks TikTok Ban in Montana

Last Thursday, November 30, in the United States, a federal judge’s decision temporarily halted a ban on a virtual platform for creating and watching short videos and online broadcasts of TikTok in Montana, which was supposed to take effect in early 2024.


Robinhood App Now Available in UK

UK customers can now trade US stocks via Robinhood brokerage without extra commission or foreign exchange fees.


Nvidia CEO Says About Prospects of AI Competitiveness

Nvidia CEO Jensen Huang last Wednesday, November 29, during a speech at the annual DealBook summit in New York, said that artificial intelligence is gaining on humans.


JPMorgan Chase CEO Warns of Recession Risk

JPMorgan Chase CEO Jamie Dimon last Wednesday, November 29, during a speech at the New York Times DealBook 2023 summit in New York, said that the likelihood of a recession in the United States cannot be ruled out.


Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical

A new report by Mintel reveals that Americans have much more positive attitudes towards cryptocurrency than UK consumers. Meanwhile, Brits are far more cautious about their investments due to the recent cost of living crisis.

Society & Lifestyle

CFPB Fines Bank of America

The Consumer Financial Protection Bureau (CFPB) applied to Bank of America a measure of material impact in the form of an obligation to pay $12 million for the involvement of this financial institution in the practice of providing incomplete data related to mortgage lending to the federal government.

Fintech & Ecommerce

Visa Reveals What Extra Benefits Travellers Are Willing to Pay For

Visa Global Travel Intentions Study discovered that there are no signs of travel rebound, despite rising costs. The report also reveals payment trends associated with both domestic and international trips.


US Home Prices Hit Record High

In September, the dynamic of housing prices in the United States continued to move within the growth trend.

Science & Technology

Snapchat Reportedly Tests Ad-Free Subscription Tiers

Media reports that Snapchat is currently testing consumer subscription offers without ads.


Reddit Reportedly Plans IPO

The media reports that Reddit is currently negotiating with potential investors about an initial public offering (IPO).

Fintech & Ecommerce

US Black Friday Online Sales Approach $10 Billion

The media reports that this year in the United States in the segment of virtual sales, consumers spent a record $9.8 billion during Black Friday.

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