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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.

Science & Technology

SK Hynix Wins US Grants

South Korean SK Hynix Inc. is set to receive initial grants for $ 450 million and loans for $500 million for the implementation of a project to build an advanced chip packaging plant and a research facility in the US state of Indiana.

News

Morningstar DBRS Says About Self-Fulfilling Prophecy on Market

Morningstar DBRS analysts warn that a prolonged downturn in the market after a global sell-off could become what they called a self-fulfilling prophecy.

Blockchain & Crypto

Bitcoin Market Cap Dips Below 1T in Monday Market Crash

Bitcoin price slips below $50K for the first time since February this year amid the crash in both the crypto and stock markets, losing $200 million of its market cap.

Science & Technology

Threads Crosses 200 Million Active Users

The number of active users of the Threads social media platform has crossed a kind of historical mark of 200 million people.

Science & Technology

Apple Revenue Tops Forecasts

Apple has released information about the results of its operations in the third fiscal quarter.

Science & Technology

Intel Shares Fall Amid Disappointing Earnings

Intel shares fell by 20% on Thursday, August 1, as a result of information about the financial performance of the company in the second quarter of 2024, which turned out to be worse than preliminary expectations, and the consequence of the statement by the management of the firm about its intention to lay off more […]

Fintech & Ecommerce

Amazon Reports Q2 Earnings

Amazon last Thursday, August 1, released information about the financial results of its operations in the second quarter of the current year.

News

US Unemployment Rate Demonstrates Growth

In July, a cooling was recorded in the United States labor market, which turned out to be more widespread than preliminary forecasts regarding the most likely dynamic of the state of affairs in the relevant space.

News

Contextual AI Raises $80 Million

Contextual AI, a startup selling a tool to improve the performance of artificial intelligence models, raised an investment of $80 million as part of a Series A funding round.

Science & Technology

AMD Posts Revenue Rise

Advanced Micro Devices (AMD) has released information on its financial results for the second quarter of the current year.

News

Fed Holds Rates Unchanged

The Federal Reserve decided to keep interest rates at the same level on Wednesday, July 31, but at the same time opened the way for lowering the cost of borrowing at a meeting to be held in September.

News

Fed Reportedly to Hold Rates

Federal Reserve officials are expected to move closer this week to cutting interest rates from the current levels, which are the highest in about 20 years, but at the same time will not make any specific decisions about lowering the cost of borrowing and will only signal a possible easing of monetary policy in September.

Science & Technology

Virtual Companion Now on Your Neck With a Friend AI Necklace

The new AI-powered necklace Friend can help people combat loneliness by keeping them company in daily conversations.

Science & Technology

OpenAI Launches Voice Assistant

OpenAI launches the long-awaited voice assistant for ChatGPT for a limited number of users.