IBM Shares Increase on Earnings Beat
IBM on Wednesday, January 29, released information about its earnings for the fourth quarter of 2024, which exceeded Wall Street’s preliminary expectations.
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Donald Trump Accuses Fed of Creating Inflation
President of the United States Donald Trump on Wednesday, January 29, slammed Federal Reserve Chairman Jerome Powell and the US central bank for failing to stop the problem they created with inflation.
Fed Holds Interest Rates Steady
The Federal Reserve system on Wednesday, January 29, decided to keep its key interest rate at the same level.
Donald Trump Comments DeepSeek Success
The President of the United States, Donald Trump, said last Monday, January 27, that the technology of the Chinese startup DeepSeek should be a spur for US companies.
Donald Trump Says Microsoft Looks to Take Control of TikTok
The President of the United States, Donald Trump, said last Monday, January 27, that Microsoft is on the list of US companies that are considering taking control of TikTok to help this app avoid being banned from further operation in the country.
Nvidia Sheds Almost $600 Billion in Market Cap
On Monday, January 27, Nvidia’s market capitalization decreased by almost $600 billion which is a record one-day drop in the history of companies based in the United States.
Perplexity AI’s New TikTok Deal Reportedly Offers US 50% Stake
The media published information according to which the search engine startup Perplexity AI has revised its plans to merge with TikTok.
China’s DeepSeek AI Model Wreaks Havoc on Tech Stocks
The success of an open-source AI model, DeepSeek, created by a Chinese startup, caused significant declines in major tech stocks, including Nvidia, Microsoft, and Meta.
Affirm Expands Cooperation With Liberty Mutual Investments
Buy Now, Pay Later (BNPL) lender Affirm Holdings has expanded the scope of its capital partnership with an investment company Liberty Mutual Investments (LMI).
Texas Instruments Gives Dour Q1 Profit Forecast
Texas Instruments has published a profit forecast for the first quarter of the current year, which turned out to be lower than analysts’ preliminary expectations regarding the dynamic of the corresponding indicator.
US to Form National Digital Asset Stockpile
The new President administration intends to position the U.S. as a leader in the crypto sector, aiming to establish a strategic national digital asset stockpile, potentially comprising cryptocurrencies lawfully seized by the federal government.
Survey Shows American Firms in China Fearful of Washington-Beijing Trade Turmoil
More than half of American businesses in China are currently concerned that the condition of interaction between the world’s two largest economies is nowadays on a downward trajectory.
Netflix Shares Hit Record
On Wednesday, January 22, the value of Netflix shares increased by 13%, reaching an all-time high after the streaming giant, betting heavily on sports, was able to add 18.9 million subscribers in the holiday quarter, reinforcing the already significant advantages of the brand over other industry players.
Ally Sells Credit Card Business to CardWorks
Ally Financial has sold its credit card business to Cardworks, a company that specializes in consumer finance.
Capital One’s Card Purchase Volumes Demonstrate Growth
Last Tuesday, January 21, Capital One published information on the results of its activities for the fourth quarter of 2024.
SoftBank, OpenAI, Oracle Launch $500B AI Infrastructure Project
Stargate Project, a new company supported by SoftBank, OpenAI, Oracle, and MGX, aims to invest $500 billion over the next four years to build robust AI infrastructure in the United States.
