Bank of America Bonuses for Investment Bankers Reportedly to Rise About 10%
Bank of America’s bonus pool for investment bankers is likely to increase by 10% for last year.
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Fed’s Susan Collins Supports Gradual Approach to Rate Cuts
Federal Reserve Bank of Boston President Susan Collins said on Thursday, January 9, that significant uncertainty about the outlook requires the United States financial regulator to take a cautious approach in the context of making decisions about cutting interest rates.
Fed’s Christopher Waller Supports Further Cuts
Federal Reserve Governor Christopher Waller said he believes inflation will continue to cool towards the United States central bank’s 2% target.
Intel Says New Laptop Chips to Extend Computer Battery Life
Intel Corp., which is currently symbolically and practically fighting for its place in the sun in the global technology sector and in the notebook processor market particularly, where its position in terms of competitiveness has faced the prospect of a significant weakening in recent years amid increased competition, said that the new range of chips […]
Qualcomm’s New Chips to Bring AI to $600 Personal Computers
Qualcomm Technologies Inc. announced the Snapdragon X Platform, the fourth platform in its portfolio of Snapdragon X computing systems designed to deliver performance, multi-day battery life, and Copilot+PC experiences for even more users worldwide.
AWS to Invest $11 Billion in Georgia
Amazon Web Services (AWS), backed by local leaders, has announced plans to invest an estimated $11 million to expand its infrastructure in Georgia.
Donald Trump Announces $20 Billion Plan to Build New Data Centers
President-elect Donald Trump, who will return to the White House this month, announced that Hussain Sajwani, the Emirati billionaire businessman who founded the property development giant DAMAC Properties, will invest $20 billion in building data centers across the United States.
Landmark Tax Ruling: Bitcoin Investor Ordered to Surrender Crypto Keys
The landmark ruling came after the Bitcoin investor failed to report large gains from cryptocurrency trading.
US Trade Deficit Increases
In November, an increase in the trade deficit was recorded in the United States.
AI Startups Drive VC Funding Resurgence
According to data that was published by PitchBook on Tuesday, January 7, artificial intelligence startups have made significant contributions to the recovery of United States venture capital funding from market lows.
Dell Unveils Apple-Like Rebrand
Dell Technologies Inc. is rebranding its personal computers in a manner reminiscent of Apple Inc. naming conventions in an effort to boost consumer demand.
Nvidia Releases Gaming Chips
Last Monday, January 6, Nvidia revealed new chips for desktop and laptop personal computers using the same Blackwell architecture underpinning the company’s fastest artificial intelligence processors for servers and data centers.
Wall Street Reportedly Prepares to Private Equity-Fueled IPO Revival
The media reported that Wall Street banks are currently preparing for a rebound related to private equity companies turning to the equities markets to offload some of their high-profile holdings.
Salesforce Data Shows AI-Powered Shopping Boosts Online Holiday Sales
Salesforce has released a report stating that chatbots powered by artificial intelligence helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by almost 4% year-on-year.
US Regulator Sues Berkshire Unit
The United States Consumer Financial Protection Bureau (CFPB) sued a lender owned by Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers to take out unaffordable mortgages to purchase homes from Clayton Homes, Berkshire’s manufactured housing business.
CrowdStrike Recovers Lost Money
CrowdStrike chief executive officer George Kurtz said this company turned last year’s crisis into an opportunity.
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