Explained - page 24

News

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.

News

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.

News

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.

News

China Exports Growth Demonstrates Slowdown

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

News

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.

News

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.

News

UK Economy Returns to Growth

In the United Kingdom, the local economic system has returned to a growth trajectory, which put UK Prime Minister Keir Starmer on track for a modest recovery before worries about his first budget became a factor of pressure on sentiment.

Finance & Economics

US Consumer Sentiment Declines

In the United States, consumer sentiment has been deteriorating in the current month, as residents of the country continue to be frustrated with the high level of prices for goods and services.

Fintech & Ecommerce

SoFi Adds New Credit Cards to Its Product Line

SoFi Technologies has added two new credit cards to its digital financial services line.

News

US Inflation Rate Tops Expectations

In September, in the United States, the rate of price growth demonstrated a level that exceeded preliminary expectations for the dynamic of the corresponding indicator.

Fintech & Ecommerce

Mercury Secures $100 Million Credit Warehouse

Fintech company Mercury secured a credit warehouse with Natixis Corporate & Investment Banking for $100 million.

Finance & Economics

Hurricane Milton Reportedly to Cause Significant Economic Damage

Leading Wall Street analysts argue that Hurricane Milton, which bears down once a century, can cause more than $50 billion in material damage, under a scenario that can be conditionally characterized as moderate, but in the case of a more negative configuration of the situation associated with a natural disaster, the mentioned indicator may grow […]

Finance & Economics

European Investment Bank Seeks to Provide Greater Support to Startups

The European Investment Bank said on Monday, October 7, that the finance ministers of the European Union countries welcomed its Action Plan to deepen regional capital markets and provide more support to startups.

News

US Big Banks Lending Income Reportedly to Hit Two-Year Low

The media reports that new reports on the performance of the largest banks in the United States will contain data according to which these lenders have received income from lending which is the lowest for the last two years.