Apple Reportedly to Stop Selling Some Apple Watch Models
The media reported that Apple will stop selling the Watch Series 9 and Ultra 2 in the United States shortly before Christmas.
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Amex and Bank of America Face Rising Card Delinquencies
Last month, American Express and Bank of America recorded an increase in credit card delinquencies.
Congressional Budget Office Predicts Decrease in Inflation in 2024
The Congressional Budget Office on Friday, December 15, released a forecast according to which the inflation rate in the United States will decrease next year.
First Bank Launches Backbase’s Engagement Banking Platform
Backbase, which is currently a global leader in advanced sphere interacting banking, announced that First Bank, based in St. Louis, Missouri, has started operating on the Backbase Engagement Banking platform.
TD Bank and Plaid to Simplify Access to Apps
TD Bank Group and fintech company Plaid have announced a joint effort to eliminate the need to provide login credentials to third-party apps for customers of the mentioned financial institution in the United States and Canada.
Intel Presents Server and PC Chips
Intel Corporation, the largest manufacturer of processors for personal computers, has announced new chips for PCs and data centers.
Fed Signals Possibility of Rate Cuts
The Federal Reserve has said that the current cycle of interest rate hikes may be completed soon.
Adobe Predicts Longer AI Boost
Adobe Inc. has released a restrained sales forecast for next year, which has caused investors to be disappointed. who expected that the new tools of generative artificial intelligence would provide intensive growth in the indicators of activity of this software developer.
Gina Raimondo Comments Designing by Nvidia AI Chips for China
Commerce Secretary Gina Raimondo said that the United States is currently looking into the characteristics of three new artificial intelligence accelerators that Nvidia is developing for the Chinese market.
Pew Research Report Shows Choice of American Teens in Favor of YouTube and TikTok
A new report by the Pew Research Center on the use of social networks and the Internet indicates that American teenagers often spend time on virtual platforms, which is not a sensation or little expected news, but the choice of representatives of the younger generation in this matter deserves attention.
Amazon Tests New Grocery Subscription
Amazon is currently testing a new grocery subscription for members of its Prime program.
JPMorgan CEO Criticizes Cryptocurrency
JPMorgan Chase CEO Jamie Dimon last Wednesday, December 6, during a speech on Capitol Hill, proposed a ban on cryptocurrency in the United States.
Chip Company ASM to Build US Base in Arizona
The Dutch company ASM International NV, which specializes in the manufacture of equipment for making chips, intends to invest $324 million in a new headquarters in the US state of Arizona.
Bank of America CEO Says About Normalization of US Economy
Brian Moynihan, CEO of Bank of America, said that the American economic system, in his opinion, is moving towards the realization of optimistic prospects in the foreseeable future, noting that it is likely to be expected to have a so-called soft landing rather than a recession.
Wells Fargo CEO Says About Potential Consequences of Fed Asset Cap
Chief Executive Officer of Wells Fargo & Co. Charlie Scharf said that the limitation of the assets of the Federal Reserve System is currently not a factor of significant influence on the process of activity of the financial institution he heads, but suggests that the situation will change in the future.
