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Brazil’s Pix becomes a trade flashpoint with the US, and the world is watching

Digital Marketing, Finance, Government and policy, SEO Tips, Technology, United States /

Brazil’s instant-payment system Pix has moved from a domestic success story to the centre of a trade fight with the United States, and governments elsewhere are watching how it ends. The dispute hardened in June, when the Office of the US Trade Representative (USTR) determined that Brazil’s practices around digital trade and electronic payments were “unreasonable” and […]

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PayPal board rebuffs $53bn Stripe and Advent bid as too low, sources say

Business, Digital Marketing, Finance, Fintech and ecommerce, SEO Tips, Technology /

PayPal’s board reckons that a $53bn (£39bn) joint takeover approach from Stripe and the private-equity firm Advent International sells the payments pioneer short, the latest twist in a fast-moving round of payments consolidation. People familiar with the talks told Reuters the directors view the offer as inadequate and have yet to respond formally. The approach values PayPal at […]

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A luggage maker’s filing just pinned DeepSeek at $52bn

Artificial Intelligence, Digital Marketing, Finance, SEO Tips, Technology /

The most precise figure yet attached to DeepSeek’s worth did not come from the lab, its bankers or its founder. It surfaced in a stock-exchange filing by Anhui Korrun, a Chinese luggage maker, which discloses a stake small enough to imply the Hangzhou AI startup is valued at around $52bn. The arithmetic is narrow but […]

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A luggage maker’s filing just pinned DeepSeek at $52bn Read More »

Wall Street just had its best investment banking quarter in years, and it is calling AI a super cycle

Digital Marketing, Finance, SEO Tips, Technology, United States /

Goldman Sachs booked $3.4bn in investment banking fees in the second quarter, a record, up 55% on a year earlier. Its chief executive has a name for what is driving it. “We are in the middle of an AI CapEx super cycle where there are demands on financing into every single financing instrument, in every […]

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Ericsson revenue falls 6% as component costs bite and licensing income dries up

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Ericsson booked SEK 52.7bn of revenue in the second quarter, down 6% from SEK 56.1bn a year earlier, as weaker patent licensing income and currency movements outweighed growth in a handful of regional markets. The Swedish equipment maker published the figures on Tuesday morning. Profit, however, went the other way. Adjusted operating profit came in at SEK […]

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New ‘Ex-Elon’ ETFs let investors track the market while skipping Musk’s companies

Business, Digital Marketing, Finance, Future of Finance, Next Featured, SEO Tips, Technology, United States /

An investment firm is offering a way to invest in the broad market without owning Elon Musk’s companies. New York-based Subversive ETFs has filed with the SEC for two “Ex-Elon” funds, Bloomberg reports. One fund tracks the Nasdaq-100 and the other the S&P 500. Both exclude any company “founded, controlled or led by” Musk. The products […]

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Revolut hires ex-Chase UK boss Kuba Fast to lead its European bank

Business, Digital Marketing, Finance, Next Featured, SEO Tips, Technology /

Revolut has appointed Kuba Fast, the former chief executive of Chase UK, to run Revolut Bank UAB, the Lithuania-based entity that holds the fintech’s European banking licence. The move hands one of the industry’s most closely watched digital lenders a senior operator taken directly from JPMorgan Chase, as it presses on with a banking build-out […]

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OpenAI is hiring an investment banker to teach its AI the job

Business, Digital Marketing, Finance, Future of work, OpenAI, SEO Tips, Technology /

OpenAI is recruiting an investment-banking expert to help train its AI on the trade. The job listing seeks a “subject matter expert” with at least two years of investment experience for its Applied AI team in San Francisco. Base pay runs from $185,000 to $205,000, with equity on top, Business Insider reports. That equity sweetener carries new weight […]

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Samsung’s Q2 profit jumps 19-fold to 89 trillion won on AI memory demand

Digital Marketing, Finance, Samsung, SEO Tips, Technology /

Samsung Electronics guided to second-quarter operating profit of about 89.4 trillion won ($58.4bn) on Tuesday, roughly 19 times what it made in the same period a year earlier and, by most counts, the largest quarterly operating profit any technology company has ever reported. It is Samsung’s third consecutive record quarter, and it came in ahead of the roughly 84 […]

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Samsung heads for an 18-fold profit jump as AI memory demand runs hot

Digital Marketing, Finance, Samsung, SEO Tips, Technology /

Analysts expect around 86 trillion won in second-quarter operating profit, a third straight record, as DRAM and NAND prices climb. Samsung Electronics is on course for one of the strangest earnings comparisons in its history. Analysts expect the company to report second-quarter operating profit of around 86 trillion won, roughly $56bn, when it publishes preliminary […]

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