Fed Signals Possibility of Rate Cuts
The Federal Reserve has said that the current cycle of interest rate hikes may be completed soon.
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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.
Nokia Cuts 2026 Profitability Goal
Nokia Oyj has worsened its long-term profitability target.
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.
Bumble Launches AI-Powered Conversation Starters and Plans for Friends
Bumble For Friends, which in the digital age helps people communicate with each other and find new friends in the virtual space, announced the launch of two functional solutions called Conversation Starters and Plans.
Goldman Sachs Favors Options to Counter Intensive Rate-Cut Pricing
Goldman Sachs thinks that there is currently an overly optimistic mood in the financial markets regarding the possible range of interest rate cuts by the Federal Reserve next year.
Judge Blocks TikTok Ban in Montana
Last Thursday, November 30, in the United States, a federal judge’s decision temporarily halted a ban on a virtual platform for creating and watching short videos and online broadcasts of TikTok in Montana, which was supposed to take effect in early 2024.
Robinhood App Now Available in UK
UK customers can now trade US stocks via Robinhood brokerage without extra commission or foreign exchange fees.
Nvidia CEO Says About Prospects of AI Competitiveness
Nvidia CEO Jensen Huang last Wednesday, November 29, during a speech at the annual DealBook summit in New York, said that artificial intelligence is gaining on humans.
JPMorgan Chase CEO Warns of Recession Risk
JPMorgan Chase CEO Jamie Dimon last Wednesday, November 29, during a speech at the New York Times DealBook 2023 summit in New York, said that the likelihood of a recession in the United States cannot be ruled out.
