ByteDance Reaches $300B Valuation
TikTok’s parent company, ByteDance, recovered from a prior valuation of $223 billion, although it’s still below the $400 billion peak of 2021.
US - page 24
Hedge Funds Millennium, Capula, Tudor Expand Bitcoin ETF Exposure
Amid the election-driven price volatility, certain hedge funds have leveraged the price gap between spot Bitcoin and its futures contracts to execute profitable trades.
Staples Partners With Klarna, Helping Consumers to ‘Work Now, Pay Later’
Staples established cooperation with Swedish BNPL provider Klarna to offer flexible payment options for customers purchasing office essentials.
Retailers Are Top Green Investors in US
Retailers have emerged as unexpected leaders in green investments among different U.S. industries, contributing almost $33.6 billion in green technology or clean energy in Q2 of 2024.
US Finalizes $6.6 Billion Chips Award for TSMC
The United States Commerce Department on Friday, November 15, announced that it finalized a $6.6 billion government subsidy for the US unit of Taiwan Semiconductor Manufacturing Co (TSMC).
Elon Musk Expands Lawsuit Against OpenAI
It has become known that Elon Musk has expanded his lawsuit against OpenAI, the developer of the world’s most popular artificial intelligence-based chatbot called ChatGPT.
Fed’s Susan Collins Says About Prospects of December Rate Cut
Federal Reserve Bank of Boston President Susan Collins on Friday, November 15, during a conversation with media representatives, stated that cutting interest rates in the United States in December remains on the table, noting separately in this context that the relevant decision of the US financial regulator will be based on the coming data on […]
Palantir Shares Demonstrate Growth
The shares of Palantir Technologies Inc., an artificial intelligence software developer, confidently resist the skepticism of Wall Street analysts, who doubt the justification for the high market capitalization of this company and do not show enthusiasm in the context of assessing the prospects for sustainable revenue growth of the firm.
Visa Flexible Credential Expands to US With Affirm Card
Visa Flexible Credential allows users to manage funding from various accounts for different purchase types, and use “Buy Now, Pay Later” services via the Affirm partnership.
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.
Klarna Files Plans for American IPO
Swedish Klarna has filed its long-awaited plans to go public in the United States.
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%.
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.
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.
Qualcomm Reports Earnings
Qualcomm last Wednesday, November 6, released data on its earnings for the last quarter.
