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News

US Appeals Court Revives Privacy Action by Google Chrome Users

The United States Court of Appeals has ruled that the Internet search giant Google must respond to a renewed class action lawsuit by Chrome browser users who claimed that the company was involved in the practice of collecting their data classified as confidential information without first obtaining permission to carry out relevant activities.

Science & Technology

AMD to Acquire Server Maker ZT Systems

It became known that Advanced Micro Devices (AMD) Inc. has reached an agreement on the implementation of the deal for the acquisition of ZT Systems, which specializes in the implementation of server manufacturing activities.

Finance & Economics

Traders Need Fed’s Signal to Keep Stocks Rallying

Wall Street is betting that Federal Reserve Chairman Jerome Powell at the central bank’s annual confab in Jackson Hole, Wyoming, will confirm the intention of the United States financial regulator to decide on monetary easing, implying cutting interest rates.

Finance & Economics

Jerome Powell Reportedly Huddles With Bank CEOs to Avoid Legal Fight Over Capital Plan

The media reports that the chairman of the Federal Reserve System, Jerome Powell, took part in a closed meeting with bank executives and urged them to cooperate with the financial regulator of the United States to avoid years of litigation over the proposal of the administration of US President Joe Biden on capital.

Science & Technology

Texas Instruments to Receive Up to $1.6 Billion From US Commerce Department

Texas Instruments, maker of microcircuits, on Friday, August 16, announced that it would receive from the US Commerce Department financing in the amount of up to $1.6 billion for the construction of three new facilities.

News

EliseAI Raises $75 Million

EliseAI, an artificial intelligence platform focused on housing and healthcare, raised $75 million in a Series D funding round.

Science & Technology

Cisco Gives Upbeat Sales Forecast

Cisco Systems Inc., the largest manufacturer of computer networking equipment, has released an optimistic revenue forecast amid an increase in the number of orders, but at the same time announced its intention to reduce the number of its workforce as part of making significant changes to its activity strategy.

News

Fed’s Raphael Bostic Says More Data Needed to Rate Cut

Federal Reserve Bank of Atlanta President Raphael Bostic said that he needs a little more data to support the decision to ease the monetary policy of the United States financial regulator, which implies cutting interest rates.

Science & Technology

Google Launches Pixel 9 Phones

Google has presented upgraded smartphones, watches, and earbuds.

News

US Producer Prices Demonstrate Growth

In the United States, a slowdown in the dynamic of wholesale inflation was recorded in July, which was a relatively expected result.

News

US July Federal Deficit Demonstrates Growth

In July, the United States government recorded a budget deficit of $244 billion.

News

BofA CEO Says About Impact of Interest Rates on Consumers

Chief executive officer of Bank of America Brian Moynihan said last Sunday, August 11, during a conversation with media representatives that in the United States, the lack of a decision by the Federal Reserve System to soften the concept of monetary policy, providing for cutting interest rates, in the short term may become a factor […]

Fintech & Ecommerce

JPMorgan Chase Rolls Out AI Assistant to Its Employees

In recent weeks, JPMorgan Chase has implemented a digital assistant based on generative artificial intelligence for its employees.

News

Experts Say About Low Likelihood of Emergency Interest Rate Cut by Fed

A sharp slowdown in the pace of the dynamic of the growth in the labor market in the United States has provoked rumors that the Federal Reserve may begin to soften its monetary policy strategy, providing for cutting interest rates, even before its September policy meeting.

News

Maersk CEO Says About Lack of Sign of US Recession in Freight Demand

Shipping giant Maersk, which has the status of a kind of barometer of the state of affairs in the world trade system, is convinced that currently there are no signs of a recession scenario in the global economy since the level of demand for services related to freight transportation continues to remain at high levels.

News

JPMorgan CEO Doubts About Return of Inflation to Fed’s 2% Target

JPMorgan Chase & Co. chief executive officer Jamie Dimon said he was skeptical about the prospects that the inflation rate in the United States would return to the Federal Reserve’s 2% target.