South Korea on Monday, January 20, pledged to set aside a record amount of financial support for exporters to mitigate any potential consequences of a likely change in United States trade policy after the inauguration of 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.
The media, citing insiders, published information according to which US President-elect Donald Trump will not unveil tariffs on goods imported from China on his first day in office.
TikTok users in the US have witnessed their favourite social media in and out of service this Sunday, with no certainty about the future of the short video app in the country.
Last Thursday, January 16, Bank of America published information about its earnings for the fourth quarter of 2024, which exceeded analysts’ preliminary expectations regarding the dynamic of the relevant indicators.
Citigroup has cut its closely watched profitability target for 2026, as this lender is currently struggling with regulatory expenses that demonstrate the dynamic of growth.
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.
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.
Wells Fargo securities showed growth on Wednesday, January 15, after the bank released information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations, and issued strong guidance on net interest income for 2025.
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.
Goldman Sachs Group Inc. earnings exceeded forecasts since its equity traders have demonstrated results that have turned out to be the best in the entire history of observations.
JPMorgan Chase & Co. recorded an annual profit, which turned out to be the largest among all similar indicators of other lenders in the history of US banking.
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.
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.
Last Monday, January 13, the United States government announced the continuation of its efforts to expand restrictions on the export of artificial intelligence chips and technologies.
Databricks Inc., specializing in software development and headquartered in San Francisco, raised more than $5 billion.
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