Bank of America to Spend $4 Billion on AI and New Tech Initiatives
Bank of America intends to spend $4 billion on new initiatives, including artificial intelligence, in the current year.
US - page 2
US Imposes New Tariffs on China
President of the United States Donald Trump intends on Wednesday, April 9, to impose huge levies of 104% on all goods imported from China.
Apple’s 3-Day Loss in Market Cap Approaches to Almost $640 Billion
The stock market on Monday, April 7, showed performance that was generally better than what was observed on the previous two trading days, but Apple got hammered again, losing 3.7%.
Goldman Sachs Boosts Recession Risk
Economists at Goldman Sachs Group Inc. have raised their estimate of the likelihood of a recession in the United States.
JPMorgan CEO Says Donald Trump Tariffs to Boost Inflation
JPMorgan Chase chief executive officer Jamie Dimon said on Monday, April 7, that the tariffs announced last week by United States President Donald Trump are likely to trigger price increases for both domestic and imported goods, which will have a negative impact on the condition of the US economic system, which already demonstrated the slowdown.
Christopher Waller Says Stablecoins Bring Benefits to US Payments System
Federal Reserve Governor Christopher Waller said on Friday, April 4, that stablecoins are a good thing for the United States payments system, but he doubts that the country’s financial system will be able to support a large number of assets of the appropriate category.
Donald Trump Urges Fed to Cut Interest Rates
President of the United States Donald Trump on Friday, April 4, called on Federal Reserve Chairman Jerome Powell to cut interest rates.
US Unemployment Rate Increases
Job growth in the United States in March turned out to be stronger than preliminary expectations regarding the pace of the dynamic of this process, which could potentially generate at least temporary confidence that the situation in the US labor market is stable.
China Imposes Reciprocal Tariffs on Imports of US Goods
China on Friday, April 4, announced retaliatory tariffs on goods imported from the United States, after the US imposed further measures to tighten its trade policy.
Revolve to Add Affirm’s Pay-Over-Time Option
Fashion retailer Revolve Group will soon provide its customers in the United States with the opportunity to use the Affirm to pay over time solution.
Anthropic Unveils New Version of Claude AI Model
Anthropic has presented a new version of its Claude artificial intelligence model, designed for higher education institutions.
Intel CEO Says Company to Spin Off Non-Core Units
Intel Corp. chief executive officer Lip-Bu Tan stated that this company will spin off assets that are not central to its mission, and create new products, including custom semiconductors to better align itself with consumers.
EU Readies Plan for Donald Trump’s Global Tariff Strike
The European Union said it would use a wide range of options to retaliate against the United States if US President Donald Trump implements his threat of imposing so-called reciprocal tariffs on goods imported from the EU this week.
Goldman Sachs Says Donald Trump Tariffs to Increase Inflation
Goldman Sachs warns that aggressive actions by the White House in the context of trade policy in the external, international dimension will provoke an increase in inflation, cause a growth in unemployment, and practically stop the economic rise in the United States.
Elon Musk Says xAI Buys X
Elon Musk’s company xAI, which operates in the artificial intelligence industry, has acquired the social media platform X owned by the same billionaire.
SoftBank Reportedly to Invest $1 Trillion in AI-Powered Robot Factories in US
The media published information according to which the Japanese SoftBank Group plans to invest $ 1 trillion in the construction of artificial intelligence-equipped factories in the United States.
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