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.
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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.
Fed Cuts Interest Rates by Quarter Point
On Wednesday, December 18, Federal Reserve officials made the third decision in the current year to cut their benchmark interest rate, but at the same time decreased the scale of expectations for continued monetary easing next year.
AWS to Invest $10B in AI Infrastructure in Ohio
AWS plans to strengthen its commitment to Ohio with a $10 billion investment supporting the surging demand for cloud computing and AI.
AI Startup Basis Raises $34 Million
The startup Basis, which operates in the space of the artificial intelligence industry, on Tuesday, December 17, announced that it managed to raise investments for $34 million as part of the Series A funding round.
US Economy Faces Threat of Negative Scenario Amid Donald Trump’s Tariffs
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest financial institution in the structure of the United States banking sector, has repeatedly made some kind of warning statements over the past year that the US economy faces a high level of risk that a negative stagflation scenario will be implemented in its space, repeating […]
OpenAI Launches ChatGPT Search Features to All Users
On Monday, December 16th, OpenAI rolled out the search product for all users of its chatbot ChatGPT.
Visa Direct to Launch Instant Fund Transfers for U.S. Bank Accounts in 2025
Visa Direct is planning to introduce a feature that allows funds to be transferred and made available in U.S. bank accounts within one minute or less.
Intel Executives Say About Possibility of Manufacturing Spinoff
The two executives leading Intel this week acknowledged that the company may be forced to sell its manufacturing operations.
Flushing Financial Seeks to Raise $70 Million
The media published information according to which Flushing Financial, a New York-based commercial real estate lender, is currently seeking to raise $70 million.
Shares of Broadcom Demonstrate Growth
The value of Broadcom shares showed growth on Friday, December 13, which amounted to 14%, and an indicator of the market capitalization of this chip manufacturer, which headquarters are located in Palo Alto. California is approaching the iconic $1 trillion mark.
AI Startup Vapi Raises $20 Million
Vapi startup, which is based in San Francisco and helps businesses to deploy voice agents powered by artificial intelligence, on Thursday announced that it had raised investments worth $20 million.
US Wholesale Inflation Demonstrates Acceleration
Last month, the United States recorded a sharp acceleration in the growth rate of wholesale inflation, which is an undesirable sign that some prices may increase before they come down the pike to consumers.
Equipifi and Synergent Partner to Expand Credit Union Access to BNPL
U.S. fintech equipifi and a service organisation Synergent have formed a strategic partnership to enhance the ability of credit unions to offer Buy Now, Pay Later (BNPL) solutions directly within their digital banking platforms.
China Prepares for New Trade Tensions With US
Recently, the condition of relations between China and the United States has been on a trajectory of consistent deterioration, being a kind of process containing the risk of crossing the point of no return, beyond which the fundamental degradation of cooperation practices begins, and the future in this case does not have bright colors of […]
US Inflation Demonstrates Growth
In November, an increase in inflation was recorded in the United States.
