Citi Plans $20 Billion in Buybacks
Citigroup has cut its closely watched profitability target for 2026, as this lender is currently struggling with regulatory expenses that demonstrate the dynamic of growth.
News - page 2
Scott Bessent Warns Risk of Crisis
Treasury Secretary nominee Scott Bessent warned that a crisis scenario could be realized in the United States economic system, which would become a situation with painful consequences for the middle and working-class people.
U.S. Bancorp and PNC Predict Muted First-Quarter NII on Loan Demand
In the United States, two major regional banks have released muted forecasts for their net interest income in the first quarter of the current year amid uncertainty about the extent to which low interest rates will revive demand for loans.
Morgan Stanley’s Profit More Than Doubles
Last Thursday, January 16, Morgan Stanley published information about its earnings for the fourth quarter of 2024, which exceeded analysts’ preliminary expectations and demonstrated the positive dynamic due to the bank’s equities and fixed-income traders generating a result surpassing forecasts.
AI Video Platform Synthesia Doubles Valuation
Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, raised $180 million as part of an investment round valuing this startup at $2.1 billion.
German Economy Shrinks for Second Year
In 2024, Germany’s economic system was on a downward trajectory, and 2025 is likely not to be a period of growth and prosperity.
Wells Fargo Reports Earnings
Wells Fargo securities showed growth on Wednesday, January 15, after the bank released information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations, and issued strong guidance on net interest income for 2025.
BNY Quarterly Profit Beats Estimates
Bank of New York Mellon Corp. on Wednesday, January 15, released information about its profit for the fourth quarter of last year, which exceeded preliminary estimates because this financial institution earned higher investment services fees from its clients.
Goldman Sachs Profit Doubles
Goldman Sachs Group Inc. earnings exceeded forecasts since its equity traders have demonstrated results that have turned out to be the best in the entire history of observations.
JPMorgan Chase Breaks Its Own Earnings Record
JPMorgan Chase & Co. recorded an annual profit, which turned out to be the largest among all similar indicators of other lenders in the history of US banking.
US Consumer Prices Increase Slightly Above Expectations
In December, an increase in consumer prices was recorded in the United States, the pace of which slightly exceeded preliminary expectations regarding the degree of intensity of the upward dynamic of the corresponding indicator.
AI Agent Market Cap Sees Tremendous Growth
The market capitalisation of cryptocurrencies traded by AI agents surged by 322% in the fourth quarter of 2024.
Intesa Sanpaolo Makes First €1M Bitcoin Investment
The largest Italian bank, Intesa Sanpaolo, joined the ranks of institutional crypto investors, with its first Bitcoin purchase worth about 1 million EUR.
Nvidia Invests in MetAI Startup Developing AI-Powered Digital Twins
Nvidia has made its first investment in a Taiwanese startup MetAI, focusing on AI-driven digital twin technology, within its $4 million seed funding round.
Alipay Tap Debuts in Macao
Sands China, a resort developer and operator, launched the mainland payment service Alipay Tap at Sands Resorts Macao in collaboration with Macau Pass and Alipay.
US Small Business Confidence Demonstrates Growth
In the United States, a growth in small-business confidence was recorded last month, which is a continuation of the upward dynamic of the corresponding indicator that began after the November US presidential election.
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