Explained - page 4

Finance & Economics

KeyCorp’s Commercial Payments Business Demonstrates Growth

KeyCorp released data on its earnings, which showed growth in deposits, while the bank’s management pointed to the momentum in payments, including commercial transactions of the relevant category, which should prove resilient even amid macroeconomic difficulties related to the tariff-driven trade war.

Science & Technology

Nvidia CEO Visits Beijing

Nvidia Corp. chief executive officer Jensen Huang arrived in Beijing after the administration of United States President Donald Trump barred the company from the sale of the H20 artificial intelligence chip to China.

News

TSMC Reports Earnings

Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday, April 17, maintained its annual revenue forecast after its profit for the last quarter exceeded preliminary expectations and became evidence that global consumer demand for artificial intelligence chips continues.

Fintech & Ecommerce

ValidiFI Offers Authoritative Bank Account Verification Tool

Bank account and payment intelligence company ValidiFI has started offering consumers new authoritative bank account verification capabilities.

Science & Technology

Anthropic Reportedly to Add Voice Capabilities to AI Assistant Claude

The media published information according to which Anthropic plans to add voice capabilities to its artificial intelligence assistant Claude.

Finance & Economics

WTO Slashes Global Trade Outlook

The World Trade Organization (WTO) has slashed its forecast for merchandise trade this year, as rising United States tariffs and increasing uncertainty are factors negatively impacting international commerce.

News

Global Tech Stocks Decrease

On Wednesday, April 16, technology stocks are on a downward trajectory as new restrictions from the United States government on the export of Nvidia Corp. chips to China and the disappointing report from ASML Holding NV have significantly worsened the prospects for the semiconductor sector, which has already caused the market value of the two […]

News

China’s GDP Growth Tops Expectations

China’s gross domestic product (GDP) in the first quarter of the current year showed an increase of 5.4% compared to the figure recorded for the same period in 2024, according to data published on Wednesday, April 16, by the National Bureau of Statistics of the Asian country.

Science & Technology

South Korea Announces Over $23 Billion for Chip Sector

South Korea on Tuesday, April 15, announced a 33 trillion won ($23.25 billion) support package for its vital semiconductor industry, as high levels of tariff uncertainty from the United States threaten companies based in the Asian country.

Finance & Economics

US Announces Probe Into Electronics Imports

The US Commerce Department is conducting a national security investigation into the import of semiconductor technology and related downstream products.

Finance & Economics

Rare Earths Become China’s Weapon in Trade War

China may start using rare earths as a weapon in a new trade war with the United States.

Finance & Economics

Chinese Exports Show Growth

In March, China’s export activity showed growth that exceeded preliminary expectations regarding the dynamic of this indicator, as businesses frontloaded outbound shipments to avoid prohibitive tariffs from the United States.

Fintech & Ecommerce

US Bank Introduces Business-Focused Checking and Spend Management Tools

U.S. Bank presented an all-in-one checking account combined with payment acceptance capabilities for small businesses.

Blockchain & Crypto

Mantra CEO Denies Insider OM Token Dump

Mantra chief executive officer John Mullin denied reports of large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token.

News

BNY’s Profit Increases

Bank of New York Mellon Corp. has published data on its earnings for the first quarter of 2025, which showed growth.

News

Wells Fargo Reports Disappointing Earnings Data

On Friday, April 11, the value of Wells Fargo shares showed a drop as the financial institution reported revenue for the first quarter of 2025, which turned out to be below preliminary expectations, and a decrease in net interest income.