Finance & Economics - page 8

News

US Job Growth Accelerates

In the United States, a recovery in job creation was recorded in November after the minimum figures in the previous month.

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Jerome Powell Says US Economy’s Strength Means Restraint With Cutting Interest Rates

Federal Reserve Chairman Jerome Powell said last Wednesday, December 4, that the strengthening of the United States economy means that the central bank of this country can demonstrate some restraint in the context of actions to cut interest rates.

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Saxo Bank Publishes 2025 Forecast

The Saxo Bank Outrageous Predictions, which have already become somewhat traditional, have been published.

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Citigroup Rolls Out AI Tools for Employees

Citigroup on Wednesday, December 4, began the process of rolling out new artificial intelligence tools for its employees.

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BlackRock to Acquire HPS Investment Partners, Enhancing Public and Private Market Integration

BlackRock is to strengthen its position in the growing private credit market with the acquisition of HPS Investment Partners, a global credit investment manager with $148 billion in client assets.

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Wells Fargo Reportedly Sells San Francisco HQ

The media reported that Wells Fargo is selling its headquarters in San Francisco, as the leadership of this financial institution, which is the fourth largest by total assets in the United States banking system, heads east.

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Salesforce Reports Earnings

On Tuesday, December 3, the value of Salesforce shares increased by 9% after this company published information about its earnings for the third fiscal quarter and guidance for the next fiscal quarter, which exceeded analysts’ preliminary expectations.

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China Bans Export of Key Minerals to US

China has banned the export to the United States of items related to the minerals gallium, germanium, and antimony, which can be used for military purposes.

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European Manufacturing Activity Demonstrates Decline

Last month, a sharp decrease in the level of manufacturing activity was recorded in Europe, and a further downward dynamic of demand became an obstacle to any hopes for an early recovery of the indicator.

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US Raises Cap on Small Business Loans

The White House has raised the cap on small business loans.

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Foreign Investments in China Demonstrate Decline

Analysts say that the outlook for the growth of foreign direct investment in China is facing a new challenge amid the return of Donald Trump, who won the United States presidential election last month, to the White House.

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Chinese Economist Calls for 5% GDP Target in 2025

China should set an economic growth target of about 5% for 2025, an indicator similar to the analogous goal for the current year.

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JPMorgan Gets Fined in Singapore for Manager Misconduct

JPMorgan Chase relationship managers allegedly misrepresented or withheld key pricing details, causing clients to pay spreads exceeding agreed rates, said the Central Bank of Singapore.

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Canada’s Economy Demonstrates Growth

In the third quarter of 2024, the Canadian economic system showed growth of 1% year-on-year.

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Barclays Prefers German Blue-Chip Stocks Over French

Strategists at Barclays, a London-based bank, said that German blue-chip stocks show more promise compared to their French counterparts.

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Euro-Area Inflation Climbs to 2.3%

In the eurozone, in November the inflation figure exceeded the European Central Bank’s target of 2%, although this circumstance, as experts suggest, is unlikely to become a deterrent in the context of the implementation of the intention of the financial authorities of the region to further cut interest rates next month and later.

Finance & Economics