Other news

Wall Street banks may report improved efficiency ratios by the second half of the year, a key metric that has been previously on a downward trend, analysts said. The reason was the global economic crisis, which affected the income of traditional centers, while costs rose amid struggling talent.

The JPMorgan financial company has purchased Renovite Technologies, aiming at expanding its payments business. The company intends to get its portion of this profitable market, in which large financial companies meet an intense competition from fintech disrupters.

The Federal Reserve Bank of New York released the latest data. From them we can conclude that Americans are expecting a sharp decline in both the long and short term.

Currently, the CTO and co-founder of the Stellar platform is forming a team of industry experts and engineers. The purpose is quite interesting: to search for new prospects in space exploration.

According to the publications made on Monday by Reuters and Wall Street Journal, the much-hyped deal of selling of Twitter to American business magnate Elon Musk has preliminarily passed the shareholder vote. It happened despite Musk’s attempts to back out of the deal, which are disputed by the Twitter representatives in the court.

The announcement of the launch of options trading for its Ether (ETH) futures products appeared Monday on the CME Group derivatives platform.

The Starbucks company has announced its new project, which includes a possibility for the company’s coffee members from the North America to get their special digital stamps, allowable for collecting. The stamps exist in a popular format of nonfungible tokens. The tokens, or NFT, might be obtained by participants by purchasing or participating in the company’s games and challenges.

According to Goldman Sachs Group Inc., the complex macroeconomic situation in Europe might have a negative impact on stocks, despite a positive risk-reward balance, tax incentives and measures aimed at efficient energy use.

On Tuesday, it became known that a further interest rate hike is expected next week, according to the results of a poll of economists held by Reuters. The raise of the interest rate will be performed by the Fed by 75 basis points, as estimated by specialists. The policy rate is expected to remain unchanged for a prolonged period of time after the peak.

The latest earnings reports of the 2 software giants Oracle and Adobe are expected next week.