US Inflation Demonstrates Growth
In November, an increase in inflation was recorded in the United States.
Report - page 36
Revolut Seeks to Become New Zealand’s First Global Digital Bank
The fintech company Revolut, headquartered in London, is focused on New Zealand as part of its ongoing international expansion.
Reddit Tests AI-Powered Answers Feature
Reddit rolls out a new artificial intelligence feature designed to help people quickly find answers to their questions based on user posts.
OpenAI Launches Sora
OpenAI has launched an artificial intelligence system called Sora, which can generate realistic videos based on text prompts from users.
Google Unveils New Chip
Google has presented a new chip, which, according to the statement of this technology giant, is what can be called a major breakthrough in the area of quantum computing, which is currently considered by many companies as the next frontier.
BofA’s CashPro App Reaches $1 Trillion Milestone
Bank of America announced that by the end of the current year, corporate clients of this financial institution will have made more than $1 trillion in approvals for payments through the CashPro App.
Long-Term Prospects of Fed’s Monetary Policy Easing Face Uncertainty
The jobs report published last week was interpreted by many experts as a kind of signal of the inevitability that in the current month, the Federal Reserve System will make another decision on cutting interest rates, but this answer to the question of what happens next faces a symbolic twilight of uncertainty.
China Consumer Inflation Drops to Five-Month Low
In China, November consumer inflation was recorded at a level that is a five-month low.
Gallagher Agrees to Buy AssuredPartners
Arthur J. Gallagher & Co has agreed to acquire insurance broker AssuredPartners.
UK Business Confidence Demonstrates Decline
In the United Kingdom, businesses lost steam and pulled back on hiring in November.
OpenAI Reportedly to Give Microsoft Access to Its AGI
The media reported that OpenAI may provide Microsoft with access to its as-yet-unrealized artificial general intelligence (AGI).
Australian Fintech Faces Contraction, Blockchain Hit Hardest
Despite global interest in cryptocurrency, Australia has seen the closure of several blockchain and crypto startups, amid the overall decline of fintech innovation in the country.
HSBC Expects S&P 500 Index to Hit 6,700
Brokerage HSBC expects the S&P 500 index to reach 6,700 by the end of next year.
Digital Bank Zopa Raises $85 Million
British digital bank Zopa has announced that it has managed to raise 80 million euros (about $85 million) as part of the equity funding round.
LG Electronics to Test India’s IPO Market
The Indian unit of the South Korean company LG Electronics Inc. filed for an initial public offering (IPO).
India’s Central Bank Revises Economic Growth Forecast for 2025
On Friday, December 6, the central bank of India, as previously expected, decided to keep the benchmark interest rate at 6.5%.
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