In May, the U.S. economy surprised analysts by adding 272,000 jobs, significantly exceeding the expected 190,000 jobs. This unexpected increase is a positive sign for the labor market and indicates a potential slowdown in the Federal Reserve’s plans to lower interest rates. However, despite this positive news, the unemployment rate rose to 4%, the first
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Scientist Lee Seok Woo found inspiration for his groundbreaking invention in an unexpected place – a “Mission Impossible” movie. The scene in the movie where an agent wears contact lenses with facial recognition and eye tracking capabilities sparked an idea in Lee’s mind. As an associate professor at Nanyang Technological University’s School of Electrical and
While the saying “A diamond is forever” has long been associated with the timeless allure of diamonds, it seems that consumers are now shifting their preferences towards lab-grown alternatives, gold, and colored gemstones. The once powerful diamond giant, De Beers, is facing challenges as the demand for diamonds declines in key markets such as China.
In a world filled with ambitious investors and risky stock market moves, Keith Gill managed to stand out almost five years ago when he revealed a $53,000 bet in his favorite video game retailer, GameStop. Little did he know that this would be the start of a journey that would eventually lead to a massive
In a recent ruling by a U.S. court, the legal battle surrounding the discontinued heartburn drug Zantac has taken a drastic turn. The decision allows scientific evidence to be presented in over 75,000 lawsuits alleging that the once-popular drug ranitidine, known as Zantac in the U.S., may cause cancer. This ruling has sent shockwaves through
On Sunday, a groundbreaking event took place in the realm of space exploration. A Chinese spacecraft successfully landed on the far side of the moon, marking a significant milestone in the country’s ambitious space program. The mission, part of the Chang’e moon exploration program, aims to collect soil and rock samples from the mysterious and
The concept of the “Internet of Bodies,” or IOB, is a revolutionary idea that blurs the lines between technological devices and the human body. Coined by academic and author Andrea M. Matwyshyn in 2016, IOB refers to a network of human bodies that rely on the internet and related technologies for their integrity and functionality.
The evolution of transportation in urban areas is rapidly changing with the introduction of robotaxis. One of the leading cities in this innovation is Beijing, where significant progress has been made in allowing robotaxis to operate closer to the city center. In a span of three years, Beijing has opened up new opportunities for robotaxi
An exclusive meeting gathering some of the most powerful business and political figures from around the world is set to take place in Madrid, Spain. Among the select group of attendees are CEOs from renowned artificial intelligence companies such as Google DeepMind, Microsoft AI, Anthropic, and Mistral AI. These tech giants will be joined by
Pinduoduo (PDD) has emerged as a dominant player in China’s e-commerce industry, surpassing its rivals to become the most valuable company in the segment. With its innovative approach to value-for-money positioning and the rapid growth of its Temu marketplace, PDD has set new standards in the market. Market Dominance PDD Holdings recently reported exceptional first-quarter