The administration of the President of the United States Joe Biden on Thursday, October 31, announced investments in the amount of $825 million in the implementation of a project of a new semiconductor research and development facility in Albany, New York.
In the United States, inflation showed moderate growth in September and approached the Federal Reserve’s target of 2%.
In the third quarter of the current year, the United States economy maintained strong growth rates.
Advanced Micro Devices (AMD) on Tuesday, October 29, released information about its earnings for the quarter ended September 28, 2024.
Alphabet, the parent company of Google, has published information about its earnings for the third quarter of the current year.
Blackrock chief executive officer Larry Fink said Tuesday, October 29, speaking at a CEO-studded panel in Riyadh, Saudi Arabia, that the Federal Reserve will not cut interest rates on the scale that markets expect, as currently embedded inflation is too high.
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest bank in the United States, said last Monday, October 28, that his colleagues should fight against excessive regulation.
The IMF reports that global public debt is projected to exceed $100 trillion by the end of 2024, largely driven by rising fiscal deficits in the United States and China.
It is expected that the technology giant Alphabet on Tuesday, October 29, will release data on the slowest revenue growth in the last four quarters hurt by competition that weighed on its core Google Search business and dented YouTube advertising spending.
The global economy is expected to perform in a “stable yet underwhelming” manner in 2024 and 2025, showing a steady growth rate of 3.2%, according to the IMF forecast.
In August 2024, the dollar accounted for almost half (49.1%) of payments handled by the global payment network SWIFT, with no other currency presenting solid competition to the dollar’s role in international payments.
In October, local consumer sentiment in the United States showed an increase, reaching a mark that corresponds to a six-month high.
Wells Fargo chief executive officer Charlie Scharf on Thursday, October 24, said that this financial institution, which is one of the largest in the United States, may face losses in the amount of $2 billion to $3 billion on its loan portfolio in the commercial real estate area.
MoneyLion has launched a new marketplace that allows consumers to search, apply for, and make transactions on third-party financial products, including loans, credit cards, and savings accounts.
The Hugging Face startup on Wednesday, October 23, announced that it is releasing a new open-source software offering with Amazon.com, Alphabet’s Google, and others.
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