X CEO Linda Yaccarino Says About Possibility of Profitability by 2024
Linda Yaccarino, chief executive officer of X, formerly known as Twitter, said that this social network could become profitable again by the beginning of 2024.
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Bank of America CEO Expects Soft Landing for Economy
Brian Moynihan, Chairman and Chief Executive Officer of Bank of America, said that, in his opinion, the economic system of the United States is currently on the path to a soft landing and noted that a potential recession scenario probably will not become a reality.
Walmart to Launch New Prepaid Phone Service
Walmart is expanding its prepaid phone plan offerings with MobileX, a wireless service launched this year by Boost co-founder Peter Adderton.
Wells Fargo & Centerbridge Offer Loans to Middle-Market Companies
To meet the alternative credit needs of middle-market businesses, Centerbridge and Wells Fargo formed a strategic partnership, diversifying the market of clients served by private credit and direct lending.
Moody’s Warns US Government About Consequences of Shutdown for Country’s Credit
Moody’s warned that the shutdown of the United States government, which is currently being assessed as a potentially possible scenario for the development of events in the country, is a threat to global markets and may also become a factor of negative impact on the US credit rating.
Goldman Sachs Reports Intensive Credit Card Losses Climbing
Currently, in the United States, credit card companies are recording an increase in losses, demonstrating the greatest degree of intensity since the Great Recession.
Tipalti Launches Expense Management and Automation Tool
The Tipalti finance automation platform presented a solution for managing expenses and automation called Tipalti Expenses.
Mastercard Declares Disagreement With Credit Card Competition Act
Mastercard has sent a letter to several members of the United States Congress stating its disagreement with the provisions of the Credit Card Competition Act.
Amazon to Introduce Limited Ads in Its Prime Video Service
Amazon announced that at the beginning of next year, advertising materials will appear in the streaming video service of this company called Prime, which will have a limited distribution scale.
Joe Biden Administration Announces Final Restrictions on Expansion in China by Semiconductor Companies
The administration of US President Joe Biden on Friday, September 22, announced the final restrictions on the capabilities of semiconductor companies to operate in China.
U.S. Bank Launches Online Treasury Solution
U.S. Bank presented an online platform for third-party payments/treasury solutions.
Microsoft Launches Generative AI in Windows and Office App
Microsoft has announced that its AI assistant for Windows will be available from September 26, and users will be able to interact with the app Office AI from November 1.
China Stops Exporting Two Minerals Chipmakers Need
By the end of August, the indicators of Chinese exports of two rare minerals that are used in the production of semiconductors dropped to zero.
ChatGPT Traffic Shows Growth
The traffic of the world’s most popular chatbot based on artificial intelligence called ChatGPT, developed by OpenAI specialists, began to show growth in September after a decline that was recorded throughout last summer.
US Finds Huawei’s Inability to Mass Produce Advanced Phone Chips
U.S. Commerce Secretary Gina Raimondo said that the United States currently has no evidence that Huawei and other Chinese technology companies have the capacity to mass-produce advanced chips for smartphones.
Amazon Develops New Version of Its Cashierless Shopping Technology
Amazon has developed a new version of its cashless shopping technology for clothing retailers.
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