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.
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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.
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.
HP Predicts Profit
HP forecasts earnings for the fiscal year, which begins in November.
Microsoft Announces New AI Tools
Microsoft Corporation on Tuesday, October 10, announced new products for data processing and artificial intelligence, with the help of which healthcare organizations will be able to access huge amounts of information collected by doctors and hospitals without any difficulties.
Utah Sues TikTok
Utah is another American state to file a lawsuit against the TikTok virtual platform.
Amazon Launches Fall Sale for Prime Subscribers
Amazon on Tuesday, October 10, launched a fall sale for Prime subscribers.
Fed Bank Watchdog Supports New Capital Requirements
The Deputy chairman of the Federal Reserve for Supervision, Michael Barr, during a speech at the American Bankers Association (ABA) event on Monday, October 9, said that lenders should consider the new capital requirements as a help, not an obstacle.
Walmart Experiments With AI and AR
Walmart uses new technologies to improve the shopping experience.
CFPB Director Calls for Provide Higher Level of Data Protection
Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), expressed concern about the potential risks associated with the fact that payment systems apply, in his opinion, excessive financial censorship, and exceed reasonable surveillance limits.
OpenAI Reportedly to Explore Development of Artificial Intelligence Chips
The media reported that the startup OpenAI is currently exploring the possibility of developing its own chips for machine intelligence.
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