EliseAI Raises $75 Million
EliseAI, an artificial intelligence platform focused on housing and healthcare, raised $75 million in a Series D funding round.
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Cisco Gives Upbeat Sales Forecast
Cisco Systems Inc., the largest manufacturer of computer networking equipment, has released an optimistic revenue forecast amid an increase in the number of orders, but at the same time announced its intention to reduce the number of its workforce as part of making significant changes to its activity strategy.
GoHenry Brings Payments to Kids Smartwatch
GoHenry, a kids’ prepaid debit card & financial learning app, partnered with Google Wallet to integrate the payment app into the new Fitbit Ace LTE smartwatch for kids in the U.S.
Fed’s Raphael Bostic Says More Data Needed to Rate Cut
Federal Reserve Bank of Atlanta President Raphael Bostic said that he needs a little more data to support the decision to ease the monetary policy of the United States financial regulator, which implies cutting interest rates.
Google Launches Pixel 9 Phones
Google has presented upgraded smartphones, watches, and earbuds.
US Producer Prices Demonstrate Growth
In the United States, a slowdown in the dynamic of wholesale inflation was recorded in July, which was a relatively expected result.
US July Federal Deficit Demonstrates Growth
In July, the United States government recorded a budget deficit of $244 billion.
BofA CEO Says About Impact of Interest Rates on Consumers
Chief executive officer of Bank of America Brian Moynihan said last Sunday, August 11, during a conversation with media representatives that in the United States, the lack of a decision by the Federal Reserve System to soften the concept of monetary policy, providing for cutting interest rates, in the short term may become a factor […]
JPMorgan Chase Rolls Out AI Assistant to Its Employees
In recent weeks, JPMorgan Chase has implemented a digital assistant based on generative artificial intelligence for its employees.
Experts Say About Low Likelihood of Emergency Interest Rate Cut by Fed
A sharp slowdown in the pace of the dynamic of the growth in the labor market in the United States has provoked rumors that the Federal Reserve may begin to soften its monetary policy strategy, providing for cutting interest rates, even before its September policy meeting.
Maersk CEO Says About Lack of Sign of US Recession in Freight Demand
Shipping giant Maersk, which has the status of a kind of barometer of the state of affairs in the world trade system, is convinced that currently there are no signs of a recession scenario in the global economy since the level of demand for services related to freight transportation continues to remain at high levels.
JPMorgan CEO Doubts About Return of Inflation to Fed’s 2% Target
JPMorgan Chase & Co. chief executive officer Jamie Dimon said he was skeptical about the prospects that the inflation rate in the United States would return to the Federal Reserve’s 2% target.
SK Hynix Wins US Grants
South Korean SK Hynix Inc. is set to receive initial grants for $ 450 million and loans for $500 million for the implementation of a project to build an advanced chip packaging plant and a research facility in the US state of Indiana.
Morningstar DBRS Says About Self-Fulfilling Prophecy on Market
Morningstar DBRS analysts warn that a prolonged downturn in the market after a global sell-off could become what they called a self-fulfilling prophecy.
Bitcoin Market Cap Dips Below 1T in Monday Market Crash
Bitcoin price slips below $50K for the first time since February this year amid the crash in both the crypto and stock markets, losing $200 million of its market cap.
Threads Crosses 200 Million Active Users
The number of active users of the Threads social media platform has crossed a kind of historical mark of 200 million people.
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