Velera to Provide Card Processing Support to 802 Credit Union
Vermont-based 802 Credit Union (802CU) has selected Velera credit union service organization (CUSO) to provide credit and debit card processing support.
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Intel Reports Disappointing Forecast
Intel Corp., formerly an advanced chip manufacturer currently is trying to rise from the darkness of the problems of recent years and return to the shining heights of leadership in the microcircuits industry, which is more vital than ever at the present stage of global technological progress, has published a weak forecast for the expected […]
TD Bank to Open AI Center
TD Bank Group will open a new office in New York City for its artificial intelligence research and development center, Layer 6, in the current year.
China Warns Other Countries Against Striking Trade Deals With US at Its Expense
China has warned other countries of the consequences if they strike deals with the United States that could harm Beijing’s interests.
Shein and Temu to Increase US Prices
Chinese online retailers Shein and Temu have notified US consumers that prices on their respective e-commerce platforms will increase from April 25.
KeyCorp’s Commercial Payments Business Demonstrates Growth
KeyCorp released data on its earnings, which showed growth in deposits, while the bank’s management pointed to the momentum in payments, including commercial transactions of the relevant category, which should prove resilient even amid macroeconomic difficulties related to the tariff-driven trade war.
Neobank Bunq Plans to Get US Banking License
The European neobank Bunq is currently on its way to obtaining a banking license in the United States.
US Announces Probe Into Electronics Imports
The US Commerce Department is conducting a national security investigation into the import of semiconductor technology and related downstream products.
US Bank Introduces Business-Focused Checking and Spend Management Tools
U.S. Bank presented an all-in-one checking account combined with payment acceptance capabilities for small businesses.
Binance Reportedly Seeks to Curb US Oversight
The media published information according to which Binance executives met with US Treasury officials last month and discussed loosening government oversight of the company.
BNY’s Profit Increases
Bank of New York Mellon Corp. has published data on its earnings for the first quarter of 2025, which showed growth.
China Raises Tariffs on US Goods
The head of the People’s Republic of China, Xi Jinping, in his first public comments on the escalation of the trade war with the United States, said that his country was not afraid.
US Consumer Sentiment Decreases
Currently, there is pessimism among residents of the United States in the context of assessing the prospects for the further dynamic of the country’s economic system.
US Inflation Decreases
In March, a sharp slowdown in the inflationary process was recorded in the United States economic system.
Donald Trump Puts 90-Day Pause on Higher Tariffs
President of the United States Donald Trump on Wednesday, April 9, announced a 90-day pause on higher tariffs and at the same time increased levies on goods imported from China to 125%.
US Imposes New Tariffs on China
President of the United States Donald Trump intends on Wednesday, April 9, to impose huge levies of 104% on all goods imported from China.
