US - page 2

Fintech & Ecommerce

Why Faster Settlement and Open Banking Matter in 2024?

We live in the age when speed of sharing information and financial data is critical. Volatile markets, high-liquidity businesses and innovative open banking apps – that’s what defines the XXI century finance. Here’s why you should bother about faster settlement times and implementation of open banking practices in 2024.

News

Klarna Files Plans for American IPO

Swedish Klarna has filed its long-awaited plans to go public in the United States.

Finance & Economics

US Inflation Stays Firm

In the United States, inflation remained firm last month.

Fintech & Ecommerce

Wealth Management Firms in US to Double AI Budgets

Projections indicate that AI will account for 37% of US wealth management firms’ IT spending in the next 3-5 years, up from 16%.

Finance & Economics

PNC Bank Increases Investment in New Branch Locations

PNC Bank has increased the number of new branch locations and renovations that this financial institution intends to complete over the next five years.

News

Tesla Hits $1 Trillion Market Value

Tesla’s market capitalization indicator on Friday, November 8, breached the $1 trillion mark amid a sharp increase in the value of the company’s shares, which is due to the fact that its chief executive officer Elon Musk supported Donald Trump, who became the winner of the United States presidential election.

Science & Technology

Qualcomm Reports Earnings

Qualcomm last Wednesday, November 6, released data on its earnings for the last quarter.

Finance & Economics

Fed Cuts Interest Rates Again

The Federal Reserve System on Thursday, November 7, decided to cut interest rates for the second time in the current year.

News

Bitcoin Reaches Record High of $75K Fueled by US Election

Bitcoin has hit an all-time high of $75,800, as the outcome of the US election gave crypto enthusiasts hope for legal clarity and government-backed promotion.

Finance & Economics

US Stocks Rise to Record Highs

The stock indexes of the United States on Wednesday, November 6, showed a sharp increase and closed at a record high amid the news that Donald Trump had won the presidential election.

News

US Lawmaker Urges Investigation Into China’s Chipmaker SMIC

Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit the production sites of China’s Semiconductor Manufacturing International Corporation (SMIC) and check whether this company is involved in making chips for Huawei Technologies.

News

Super Micro Shares Demonstrate Decline

Super Micro, a server manufacturer that publishes annual financial statements later than scheduled and currently faces the risk of being excluded from the Nasdaq list, last Tuesday, November 5, shared with the public data on the results of its activities for the last fiscal quarter.

Finance & Economics

Blackstone Reportedly Targets New European Markets

Blackstone’s private wealth business plans to enter at least two new European markets next year.

News

AliExpress Welcomes U.S. Retailers to Its Direct Platform

AliExpress invited U.S.-based retailers to join the AliExpressDirect initiative and reach a global audience through the Chinese leading e-commerce platform.

Finance & Economics

US Manufacturing Demonstrates Decline

In October, the United States recorded a decrease in the level of manufacturing activity to a reading that is a 15-month low.

News

US Unemployment Rate Demonstrates Resilience

In the United States, job growth almost stalled last month.