OpenAI Outlines New For-Profit Structure
OpenAI on Friday, December 27, outlined plans to revamp its structure.
US - page 12
US Airlines Say Goodbye to Difficult Year
The current year turned out to be a busy period in terms of the number of events that occurred in the United States aviation sector, but the string of news from the relevant sphere activities was clearly not unambiguously positive and contained a lot of negative information that has sensitive consequences for companies in the […]
New York Reportedly Tights Financial Scrutiny
The media published information according to which the New York authorities are tightening financial scrutiny ahead of the January return of Donald Trump, who won the United States presidential election last month, to the White House.
US Weekly Jobless Claims Demonstrate Decline
Last week in the United States, the number of locals applying for jobless benefits decreased to the lowest level in the current month.
US Launches New Probe Into Legacy Chinese Chips
This week, the administration of the President of the United States Joe Biden launched a new probe regarding legacy Chinese semiconductors, which can be used in a large number of product categories, including the automotive industry, the defense systems sector, and the household goods section.
Big Banks Sue Fed Over Annual Stress Tests
In the United States, a group of banks and business groups are suing the Federal Reserve as part of an annual banking stress test.
S&P 500 Rises 1% on Christmas Eve
In the United States, the stock market experienced an upward dynamic on Christmas Eve.
Visa Analysis Reveals Online Holiday Shopping Growth
Online retail shopping during the holiday season increased by 7.1%, according to Visa observations, though the majority of purchases still take place in brick-and-mortar stores.
Crypto.com Launches U.S. Custody Trust Company
Crypto.com exchange expands its institutional services in the U.S. with the dedicated entity – Crypto.com Custody Trust Company.
Retailer Party City Files for Bankruptcy
Retailer Party City, which has been facing difficulties since the coronavirus pandemic, filed for Chapter 11 bankruptcy protection in the United States last weekend for the second time in two years.
Nordstrom to Go Private
Nordstrom, the luxury department store chain, announced on Monday, December 23, that it would become a private company after it agreed to a buyout deal valued at approximately $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.
Apple Approaches $4 Trillion Valuation
Apple is currently approaching its historical market capitalization indicator of $4 trillion.
Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut
Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.
Wells Fargo Leaves Climate-Banking Group
Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.
US Finalizes $458 Million Award to SK Hynix
The United States Commerce Department on Thursday, December 19, finalized an award for South Korean semiconductor manufacturer SK Hynix in the form of government grants worth up to $458 million.
Micron Shares Fall
The value of Micron Technology shares fell by about 12% on premarket trading on Thursday, December 19, as this chip manufacturer published disappointing earnings guidance for the second quarter of fiscal 2025, indicating sluggish consumer demand for personal computers and smartphones, despite strong sales growth of microcircuits used for the operation of artificial intelligence systems.
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