Netflix Announces Price Increase
Netflix has announced another increase in the cost of its services.
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US Tightens Rules on Chip Exports to China
The administration of the President of the United States Joe Biden has reduced the number of types of semiconductors that local companies can supply to China.
Goldman Sachs Reports Q3 Earnings
Goldman Sachs last Tuesday, October 17, published an earnings report for the third quarter of this year.
US Mortgage Originations to Reach $1.95 trillion in 2024
The US Mortgage Bankers Association (MBA) expects that total mortgage origination volume will increase to $1.95 trillion in 2024, up from the $1.64 trillion forecast in 2023.
Instant Payments Play Key Role in Cash Decline: McKinsey
Cash usage declined by nearly 4% globally in 2022, with new developments in instant payments and digital wallets driving cash displacement in certain geographies.
US Online Holiday Sales to Hit $222B, Driven by Mobile Shopping
According to Adobe Analytics, online holiday sales in the USA are expected to hit $221.8 billion this holiday shopping season (Nov. 1 to Dec. 31), representing 4.8% growth year-over-year (YoY).
NYC Releases Plan to Regulate AI
New York Mayor Eric Adams on Monday, October 16, presented a plan for the introduction and regulation of artificial intelligence.
OpenAI Reportedly Readies Share Sale Valuing Company at $90 Billion
The media reports that OpenAI is currently preparing to sell shares with an estimated value of the company at $90 billion.
Ferrari to Sell Cars for Crypto in US
US citizens will soon be able to buy luxury Ferrari vehicles with crypto. Europe is next in line.
Wells Fargo Predicts Continued US Economic Slowdown
Wells Fargo, following the results of the third quarter of this year, recorded an increase in net charge-offs, a decrease in the demand for loans, and a decline in the average volume of deposits.
JPMorgan Chase’s Third-Quarter Results Exceed Analysts’ Expectations
JPMorgan Chase on Friday, October 13, published a report on the results of operations in the third quarter of this year, which exceeded analysts’ expectations for profit and revenue.
JPMorgan Chase President Says About Risks to US Economy
Daniel Pinto, President of JPMorgan Chase, one of the largest financial institutions in the United States, is of the opinion that at present the American economic system is in a stable state and is able to cope with complex external challenges.
Microsoft to Contest US Tax Authority’s Request to Pay Additional $28.9 Billion
Microsoft announced its intention to challenge the request of the United States tax authority to pay an additional $28.9 billion in unpaid taxes for the period from 2004 to 2013.
Carefull Raises $16.5 Million
Carefull announced that it managed to raise investment funds for $16.5 million following the results of the Series A financing round.
Citi Chairman Warns Against Plan for New Capital Requirements
Citigroup Chairman John C. Dugan joined American banking executives who negatively assessed the plan of the United States authorities to introduce new capital requirements.
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