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JPMorgan Notes Economic Concerns But Anticipates Growing Interest Income.

At the bank's investor day on Monday, officials from JPMorgan Chase stated that even with the uncertainties surrounding the economy, the company will benefit more from higher U.S. interest rates.   Excluding its markets section, the largest U.S. lender increased its projection for net...

As Dealmaking Increases, Goldman Sachs Seeks To Broaden Its Private Equity Credit Lines

In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity. The company is also looking to expand internationally.   In this $800...

GameStop Falls Amid Preparations For A Capital Increase Following This Week's Meme Stock Craze

Retail favourite GameStop fell 26% on Friday following its announcement that it will sell up to 45 million shares in order to capitalise on this week's meme-stocks craze.   This week saw the greatest trading activity for the company's shares in three years, according to a slew of postings...

Musk Is Pushing For Tesla's AI Goals To Be Powered By China Data

As part of a strategic move by Elon Musk, Tesla is moving forward with plans to power the worldwide development of its self-driving system using data from China that might be processed within the nation, according to people with knowledge of the effort.   As part of that endeavour, two...

Low Pricing Strategy Employed By Chinese Retailer JD.Com Helps Sales Surpass Projections

Price reductions and discount coupons helped Chinese online retailer JD.com raise sales after being negatively impacted by wary customers, as the company announced first-quarter revenue that above market projections.   In order to maintain their e-commerce market share in the second-largest...

Walmart's Optimistic Outlook Suggests A Tenacious Customer Base

In accordance with previous comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry indicated that American consumers were resilient.   According to Walmart officials on Thursday, American consumers are pulling out their...

EU Is Investigating Meta For Possible Child Safety Hazards

EU officials said on Thursday that Meta Platforms' social media platforms, Facebook and Instagram, will be examined for possible violations of EU online content regulations concerning child safety. If found in violation, the EU regulators might impose heavy fines.   The landmark Digital...

Walmart Raises Its Profit And Sales Projection For The Full Year

Walmart increased its prediction for the entire year and released first-quarter earnings on Thursday that were better than anticipated. The company is banking on lower inflation to boost sales of non-essential items like gadgets and clothes as well as food.   In premarket trading,...

Insiders Claim Musk's Neuralink Has Had Problems With Its Small Wires For Years

Neuralink, the Elon Musk-owned business, had been aware of the problem for years prior to its revelation last week that the minuscule wires within the brain of its first patient had come loose, according to five individuals acquainted with the situation.   According to three of the people,...

Foxconn's Q1 Earnings Will Rise From A Low Base As Growth Is Powered By AI

The largest contract electronics manufacturer in the world, Foxconn, based in Taiwan, is anticipated to release its first-quarter earnings results on Tuesday. The company attributed the strong demand for its AI servers to the profit more than doubling from a year earlier.   The firm said...

Elon Musk Had Praised The Executive Bench Which He Has Himself Now Overhauled

At Tesla's investor day in Texas a little over a year ago, Elon Musk was joined on stage by sixteen executives who provided in-depth presentations on the company's growth and technological strategies before forming a solidarity queue behind their leader.   In response to investor worries...

StanChart Profit Exceeds Revenue Growth Projections

A 5.5% increase in pretax profit for the first quarter was  reported by Standard Chartered PLC  which was over the expectations of analysts. The company attributed this improvement to higher interest rates as well as good performance from its markets trading operation, which helped...
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