BNY’s Profit Increases
Bank of New York Mellon Corp. has published data on its earnings for the first quarter of 2025, which showed growth.
News
Wells Fargo Reports Disappointing Earnings Data
On Friday, April 11, the value of Wells Fargo shares showed a drop as the financial institution reported revenue for the first quarter of 2025, which turned out to be below preliminary expectations, and a decrease in net interest income.
OpenAI to Phase Out GPT-4 From ChatGPT
OpenAI is soon to retire GPT-4, an artificial intelligence model that was launched more than two years ago, from ChatGPT.
JPMorgan Tops Quarterly Expectations
JPMorgan Chase on Friday, April 11, released information about its earnings for the first quarter of 2025, which exceeded preliminary expectations, driven by increased activity related to equity trading.
Morgan Stanley Reports First-Quarter Revenue
Morgan Stanley’s stock traders recorded revenue in the first quarter of the current year that exceeded analysts’ preliminary expectations, as the largest banks in the United States continue to benefit from the turbulence that has become a fact of reality against the backdrop of US President Donald Trump’s tariff policy.
China Raises Tariffs on US Goods
The head of the People’s Republic of China, Xi Jinping, in his first public comments on the escalation of the trade war with the United States, said that his country was not afraid.
US Consumer Sentiment Decreases
Currently, there is pessimism among residents of the United States in the context of assessing the prospects for the further dynamic of the country’s economic system.
Vitalik Buterin Shares Thoughts on Ethereum Privacy Enhancement
As discussions about much-needed privacy improvements intensify among the Ethereum community, Vitalik Buterin, the co-creator of this blockchain platform, steps up to share his opinion.
Google to Leverage AI for More Resilient Electric Grids
Google will collaborate with PJM Interconnection and Tapestry to smartly manage and optimise interlinked power generation, making electric grids more reliable and affordable with the help of AI.
US Inflation Decreases
In March, a sharp slowdown in the inflationary process was recorded in the United States economic system.
Newest Gemini AI Model Focuses on Efficiency
Google is releasing a new artificial intelligence model that is designed to deliver strong performance with a focus on efficiency.
PayPal and Will Ferrell to Promote Updated Pay-Later Program
PayPal has stated that it is adding new features to its Buy Now, Pay Later (BNPL) offering.
Amazon CEO Says AI Costs to Come Down
Amazon chief executive officer Andy Jassy on Thursday, April 10, released his annual shareholder letter, in which he predicted that rapid advances around artificial intelligence along with increasing competition in the chip market will eventually bring down the costs associated with this cutting-edge technology.
ESG Book LEO Transforms Sustainability Reporting for Corporates and Finance
ESG Book has introduced the LEO cloud solution, designed specifically for financial institutions and corporates to meet sustainability due diligence and disclosure requirements.
Cardano Founder Predicts Bitcoin to Hit $250,000 This Year
The industry veteran and founder of the Cardano blockchain, Charles Hoskinson, stated during a conversation with media representatives that as early as the current year, the price of Bitcoin could reach the $250,000 mark.
Jack Dorsey Pushes Signal to Launch Bitcoin Payments
Jack Dorsey, a cryptocurrency entrepreneur, and former Twitter chief executive officer, encourages Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments, which could potentially contribute to the shift as part of the crypto strategy of the virtual platform away from altcoins.
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