Explained - page 18

Finance & Economics

HSBC Expects S&P 500 Index to Hit 6,700

Brokerage HSBC expects the S&P 500 index to reach 6,700 by the end of next year.

Finance & Economics

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.

Science & Technology

AI Startup iGenius Builds Supercomputer for Financial Services

Startup iGenius, which operates in the area of artificial intelligence, is currently building one of the world’s largest Nvidia DGX AI supercomputers with Nvidia Grace Blackwell superchips.

Finance & Economics

Saxo Bank Publishes 2025 Forecast

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

News

Banks Improve Their AML and KYC Practices

The era of digitalization as a global process continues and scales, gradually infiltrating more and more into various aspects of the existence of human civilization and spheres of activity, including the banking sector, many players of which, despite the possibilities of advanced technologies, continue to face old problems in areas anti-money laundering (AML) and Know […]

Finance & Economics

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.

News

Kioxia Sets Price Range for IPO

Bain Capital-backed chip manufacturer Kioxia has set a tentative price in the range of 1,390 to 1,520 yen ($9.22 to $10.09) per equity for its initial public offering (IPO) of shares.

News

Czech Online Grocer Rohlik Reaches Nearly $2 Billion Valuation

The valuation of Czech online grocer Rohlik Group has reached 1.85 billion euros ($1.95 billion), which is almost twice the figure observed three years ago.

News

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.

News

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.

News

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.

News

India’s Quarterly Economic Growth Slumps to Near Two-Year Low

In the second fiscal quarter, which ended in September, the Indian economy showed growth of 5.4% year-on-year.

News

HP Forecasts Profit Below Estimates

Last Tuesday, November 26, HP released a forecast for its profit in the first quarter of fiscal year 2025, which turned out to be lower than Wall Street’s preliminary expectations and is evidence of unstable consumer demand in the personal computer market and caused the value of the company’s shares to fall by 8% during […]

News

Dell Reports Earnings

Dell Technologies on Tuesday, November 26, released information about its earnings for the third quarter of fiscal year 2025 and a forecast for financial indicators for the next quarter, which turned out to be below Wall Street’s preliminary expectations, despite the optimistic statements of this company regarding the growth of artificial intelligence sales.

News

Cardless Raises $30 Million

Cardless raised investments worth $30 million as part of the funding round.

Science & Technology

SoftBank Reportedly Seeks to Buy $1.5 Billion OpenAI Shares

The media, citing insiders, reported that SoftBank Group Corp. seeks to increase its stake in OpenAI by acquiring shares worth up to $1.5 billion from employees of this startup.