Explained - page 12

News

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.

News

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.

News

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.

Finance & Economics

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.

News

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.

Finance & Economics

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.

News

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.

Science & Technology

Chainalysis Acquires Alterya

Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and fintech companies to identify fraudsters and protect end users of firms from authorized swindle.

Science & Technology

AWS and General Catalyst to Speed Up Development of Health-Care AI Tools

Amazon Web Service (AWS) and venture capital company General Catalyst on Monday, January 13, announced a new multi-year partnership as part of their quest to form their own share in the growing market for artificial intelligence technologies intended for use in the healthcare area.

News

Apollo to Buy Argo Infrastructure

Apollo Global Management Inc. has agreed to buy Argo Infrastructure Partners in a cash and stock deal that will add about $6 billion to the company’s assets.

Finance & Economics

China’s Trade Surplus Reaches Record

China, on Monday, January 13, announced that its trade surplus in 2024 reached almost $1 trillion.

Science & Technology

HPE Reportedly Wins $1 Billion AI Server Deal

Hewlett Packard Enterprise Co. won a deal worth more than $1 billion to provide servers optimized for artificial intelligence, to social media platform X, owned by Elon Musk.

News

TSMC Posts Revenue

Taiwan Semiconductor Manufacturing Co. (TSMC) has released information on its revenue for the quarter ended in December.

News

China’s Aviation Sector Reports Profit

In China, the local civil aviation sector has reported making a profit.

Finance & Economics

US Job Growth Beats Expectations

In the United States, an unexpected acceleration in job growth was recorded in December.

News

SoftBank and Arm Reportedly Weigh Acquiring Ampere Computing

Japanese technology investor SoftBank Group and its majority-owned Arm Holdings are currently considering the possibility of concluding the deal with semiconductor company Ampere Computing backed by Oracle.