Explained - page 23

News

Morgan Stanley CEO Says About End of Era of Zero Interest Rates and Inflation

Morgan Stanley chief executive officer Ted Pick on Tuesday, October 29, during a speech at a panel of finance CEOs in Riyadh, Saudi Arabia, said that the days of easy money and zero interest rates are firmly in the past.

Fintech & Ecommerce

Citi Launches Integrated Digital Bill Discounting Solution

Citi has launched an integrated digital bill discounting solution, which, as stated by this financial institution, will help customers monetize accounts receivable in less than an hour.

Finance & Economics

Boeing Launches Share Sale

Boeing Co. has launched a share sale worth almost $19 billion.

Science & Technology

Microsoft’s Revenue Reportedly to Decline

Microsoft is expected to release data on Wednesday, October 30, on the slowest growth rate of quarterly revenue in a year.

Science & Technology

Alphabet’s Q3 Revenue Growth Reportedly to Slow

It is expected that the technology giant Alphabet on Tuesday, October 29, will release data on the slowest revenue growth in the last four quarters hurt by competition that weighed on its core Google Search business and dented YouTube advertising spending.

Science & Technology

Perplexity AI Says Its Search Engine Serves 100 Million Queries Per Week

Perplexity AI chief executive officer Aravind Srinivas on Friday, October 25, said that this artificial intelligence search company serves more than 100 million queries weekly.

Finance & Economics

US Consumer Sentiment Demonstrates Improvement

In October, local consumer sentiment in the United States showed an increase, reaching a mark that corresponds to a six-month high.

Science & Technology

Identity Startup Socure to Acquire Effectiv

Socure Inc., an identity verification service provider whose functional solutions are used by companies such as Chime Financial Inc. and Robinhood Markets Inc., has agreed to acquire Effectiv, a fraud prevention platform.

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.

News

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.

News

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.

News

UK Inflation Drops

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