American Banks Lose Nearly $19 Billion in Loans
In the United States, banks in the second quarter of this year reported losses on loans of almost $19 billion.
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Federal Reserve Bank of New York Reports Record Americans’ Credit Card Debt
The indicator of the debt of residents of the United States on credit cards has reached a historical level of more than $1 trillion.
NVIDIA Introduces Superchip to Boost AI Capacity
NVIDIA has presented a new chip that can increase the level of performance and speed, for use in generative artificial intelligence and other application scenarios involving computing.
Amazon to Debut Prime Big Deal Days Event in Fall
After the impressive results of Prime Day, Amazon decided to continue the sales events.
Moody’s Revises Credit Ratings of Six Major US Banks
The international rating agency Moody’s has reviewed the credit ratings of six major US banks, including Bank of New York Mellon, State Street, and Northern Trust, for possible downgrades.
Resilience to Expand Cyber-Risk Platform
Resilience has announced the completion of a $100 million Series D equity financing round.
KeyBank Improves Cashback Service
KeyBank has added new ways to get favorable rates, access to deposits, and cash refunds.
Deposits Reportedly Disappear From Wells Fargo Bank Accounts
Wells Fargo is currently solving a technical problem, as a result of which, according to reports in social media, direct deposits began to disappear from the bank accounts of customers of this financial institution.
DoorDash and Uber Compete to Increased Delivery Subscription Usage
DoorDash and Uber are actively competing with each other as part of efforts to increase the number of their user bases.
Petal to Expand Credit Card Program
Petal announced intention to expand its credit card program.
Airwallex Collaborates With OurCrowd to Make Startup Investing Easier
Airwallex announced the beginning of cooperation with the venture investment platform OurCrowd.
Apple Reports Results for Fiscal 2023 Third Quarter
Apple’s intention, which is to implement a structural transformation strategy to move from the category of a manufacturing company to the category of a full-fledged ecosystem with a service orientation, is gaining momentum in the practical plane and is gradually forming the contours of a new corporate space that is in the stage of gradual […]
Robinhood Reports First-Ever Profit
The second quarter of 2023 was the first profitable period for Robinhood Markets since the platform became public, which happened in July 2021.
NCR President Says Banks Must Use AI to Stay Relevant to Customers
Doug Brown, president of NCR, an American company specializing in computing technology for retail chains, the banking sector, tourism, and medical industries, said that at present, an up-to-date understanding of consumer thinking is of paramount importance for financial institutions.
DoorDash’s Grocery Business Grows to Record-High 532 Million Orders
DoorDash fixed record volumes of orders against the background of the rapid expansion of its grocery business, which has resulted in the growth of sales figures.
Apple Card’s Savings Account Exceeds $10 Billion
Apple Card’s Savings Account Exceeds $10 billion.
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