Explained - page 21

News

MoneyLion Launches Financial Products Marketplace

MoneyLion has launched a new marketplace that allows consumers to search, apply for, and make transactions on third-party financial products, including loans, credit cards, and savings accounts.

Finance & Economics

IMF Warns of Increasing Risks for Global Growth

Experts from the International Monetary Fund (IMF) have revised down their forecast for the dynamic of global economic growth next year.

Finance & Economics

BNY and Mizuho Bank to Provide Trade Services in Asia

The Bank of New York Mellon Corp. (BNY) and Mizuho Bank cooperate to provide trade services to corporate clients in Asia.

Finance & Economics

Chinese Banks Cut Lending Rates

In China, local financial institutions have cut their benchmark lending rates after the launch of the so-called easing strategy by the Asian country’s central bank last month.

News

TSMC Reports Q3 Earnings

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chip maker, has bet on maintaining its steady growth against the background of the results of operations for the third quarter of the current year, which testified that this firm is one of the beneficiaries of the so-called artificial intelligence boom.

Finance & Economics

US Retail Sales Demonstrate Growth

In September, the United States recorded an increase in consumer spending, which is evidence of the sustainability of the country’s economic system, which is currently getting a boost from the Federal Reserve System.

News

US Weekly Jobless Claims Demonstrate Decrease

In the United States, the number of residents who filed new applications for unemployment benefits unexpectedly decreased last week, but at the same time, this indicator may remain elevated in the short term due to the effects of hurricanes Helen and Milton, which had a negative impact on the US labor market picture.

Finance & Economics

UK Inflation Drops

In September, the United Kingdom recorded a sharp decrease in the inflation rate.

Science & Technology

ASML Shares Demonstrate Decline

The value of shares of ASML Holding NV showed a decrease, which turned out to be the largest in the last 26 years, after it became known this Dutch company specializing in the production of equipment necessary for making chips, including advanced categories, booked only half of the orders from the indicator predicted by analysts.

News

Adobe Rolls Out New AI Model to Generate Video

Adobe has presented an artificial intelligence model that can use text prompts to generate videos.

Society & Lifestyle

Starbucks Reportedly Scales Back Discounts and Promotions

It is expected that Starbucks will soon have fewer promotions, which will be the result of new solutions from this company.

Society & Lifestyle

Walgreens Closes 1,200 stores

Walgreens is closing about 1,200 locations, which is a decision made against the background of circumstances such as the competition of this pharmacy chain with similar virtual platforms and a decrease in payment for prescription drugs.

News

Nvidia’s Market Cap Tops $3.4 Trillion

On Monday, October 14, Nvidia shares closed at a record high as Wall Street is currently preparing for earnings season.

Finance & Economics

China Exports Growth Demonstrates Slowdown

In China, an unexpected slowdown in export growth was recorded in September.

Finance & Economics

China to Increase Spending to Revive Economic Growth

China will significantly increase the issuance of government debt obligations to offer subsidies to people with low income, support the real estate market, which has recently been in a crisis condition, and replenish the capital of state-owned banks.

Science & Technology

OpenAI’s Nonprofit Structure Demonstrates Probability of Transformation

OpenAI, one of the main players in the global artificial intelligence industry and the developer of the world’s most popular chatbot called ChatGPT, is likely to face costly and inconvenient reckoning due to its nonprofit origin, even though the startup’s valuation has reached the $157 billion mark.