Ally Sells Credit Card Business to CardWorks
Ally Financial has sold its credit card business to Cardworks, a company that specializes in consumer finance.
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Capital One’s Card Purchase Volumes Demonstrate Growth
Last Tuesday, January 21, Capital One published information on the results of its activities for the fourth quarter of 2024.
JPMorgan Chase CEO Says About Positive Effect of Donald Trump’s Tariff Policy
JPMorgan Chase chief executive officer Jamie Dimon said on Wednesday, January 22, that the expected implementation of the tightening of Washington’s tariff policy planned by President of the United States Donald Trump, which will affect, among other things, US allies, can be described as a positive factor.
TSMC Expects Its Chips Act Funding to Continue Under Donald Trump
In the past, the President of the United States, Donald Trump, has accused Taiwan of stealing his country’s chip industry, but Taiwan’s largest microcircuits company is confident that Mr. Trump’s administration will continue funding its projects in the US.
Survey Shows Japan Companies Prepares for Donald Trump Tariffs
Most Japanese companies that have operations in the United States are currently preparing for possible additional tariffs after the inauguration of US President-elect Donald Trump.
ILO Says Global Unemployment to Hold Near Historical Low of 5%
The International Labor Organization published a report this week, which contains information that the global unemployment rate last year was steady at a historic low of 5%.
Perplexity AI Acquires Read.cv
Perplexity AI, an artificial intelligence-powered search engine, acquires Read.cv, a social media platform for professionals that competed with Linkedln.
China Hits 5% GDP Target
Last year, China’s economic system growth exceeded preliminary expectations.
IMF Lifts Global Economic Growth Forecast
The International Monetary Fund on Friday, January 17th, published a new version of its forecast for global economic growth which has been revised upward.
Scott Bessent Warns Risk of Crisis
Treasury Secretary nominee Scott Bessent warned that a crisis scenario could be realized in the United States economic system, which would become a situation with painful consequences for the middle and working-class people.
U.S. Bancorp and PNC Predict Muted First-Quarter NII on Loan Demand
In the United States, two major regional banks have released muted forecasts for their net interest income in the first quarter of the current year amid uncertainty about the extent to which low interest rates will revive demand for loans.
Morgan Stanley’s Profit More Than Doubles
Last Thursday, January 16, Morgan Stanley published information about its earnings for the fourth quarter of 2024, which exceeded analysts’ preliminary expectations and demonstrated the positive dynamic due to the bank’s equities and fixed-income traders generating a result surpassing forecasts.
German Economy Shrinks for Second Year
In 2024, Germany’s economic system was on a downward trajectory, and 2025 is likely not to be a period of growth and prosperity.
BNY Quarterly Profit Beats Estimates
Bank of New York Mellon Corp. on Wednesday, January 15, released information about its profit for the fourth quarter of last year, which exceeded preliminary estimates because this financial institution earned higher investment services fees from its clients.
US Consumer Prices Increase Slightly Above Expectations
In December, an increase in consumer prices was recorded in the United States, the pace of which slightly exceeded preliminary expectations regarding the degree of intensity of the upward dynamic of the corresponding indicator.
US Small Business Confidence Demonstrates Growth
In the United States, a growth in small-business confidence was recorded last month, which is a continuation of the upward dynamic of the corresponding indicator that began after the November US presidential election.
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