As the Federal Reserve signals a potential shift towards interest rate reductions, some parts of the market are growing impatient for action. Chief economist Claudia Sahm, known for creating the Sahm Rule to gauge recession indicators, has been advocating for the central bank to start easing monetary policy gradually. However, the market seems to be
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The decision by the National Association of Black Journalists (NABJ) to invite Donald Trump to speak at their annual convention has sparked controversy within and outside the group. The event, which is set to take place in Chicago, will see Trump fielding questions from reporters in an effort to appeal directly to voters of color.
Microsoft is set to announce its fiscal fourth-quarter earnings, with analysts predicting earnings per share of $2.93 and revenue of $64.39 billion. The company is anticipated to demonstrate a revenue growth of approximately 15%, following a 17% expansion in the prior quarter. This growth comes in the wake of Google parent Alphabet reporting a slowdown
In a surprising move, Apple recently announced that it had chosen Google’s Tensor Processing Unit (TPU) over Nvidia’s graphics processing units (GPUs) for training its cutting-edge AI models. This decision marks a significant shift in the industry, with big tech companies like Apple looking for alternatives to Nvidia’s GPUs for AI training. Google’s TPUs have
Former President Donald Trump made headlines at a recent Bitcoin Conference in Nashville by hinting at the establishment of an official U.S. bitcoin strategic reserve. Despite stopping short of a concrete promise to create such a reserve, Trump pledged to maintain the current level of bitcoin holdings that the U.S. government has amassed from seizing
As Venezuelan President Nicolas Maduro seeks his third term in office, the country finds itself in a critical juncture. This presidential election is considered the most open contest in over a decade, with the potential to bring about substantial change. The opposition candidate, Edmundo González Urrutia, has emerged as a formidable challenger, backed by the
Health authorities in Kerala are on high alert following the latest outbreak of the deadly Nipah virus. The recent death of a 14-year-old boy has triggered concerns about the potential spread of the virus. The state Health Minister, Veena George, has emphasized the need for precautionary measures such as wearing face masks in public areas
Elon Musk, the CEO of Tesla, recently posted a poll on social media platform X asking whether Tesla should invest $5 billion into his new startup, xAI. This move has raised concerns among investors and industry analysts about the potential risks associated with such a decision. Following Tesla’s second-quarter earnings call, where the company fell
In a groundbreaking discovery, a team of international scientists recently unearthed evidence pointing to the production of oxygen in the depths of the Pacific Ocean. These oxygen-producing nodules, resembling potatoes, were found thousands of feet below the ocean’s surface, challenging the conventional wisdom surrounding oxygen production. Published in the prestigious Nature Geoscience journal, the findings
Boeing recently secured orders for 40 wide-body jetliners from Korean Air, which includes the 777X jetliner. This comes as a significant vote of confidence for the struggling aircraft manufacturer. The order, which was unveiled at the Farnborough Airshow outside of London, consists of 20 777X planes and 20 787-10 Dreamliner planes. It is important to
