News & Knowledge
New York Fed’s John Williams said the bank will “ignore politics” and “rely on data” to make interest rate decisions Following the Fed’s latest meeting and interest rate decision, the New York Fed president and CEO discussed when interest rate cuts might come and what the November election means for the U.S. economy. “Our decision … Read More “New York Fed’s John Williams said the bank will “ignore politics” and “rely on data” to make interest rate decisions” »
Oil prices were broadly stable on Wednesday, nearing a seven-week high, as the market weighed on demand concerns and fears of escalating conflict following an unexpected rise in U.S. crude oil inventories.Brent crude futures fell 34 cents to $84.99 a barrel by 8:32 a.m. Japan time, while U.S. West Texas Intermediate crude oil fell 43 … Read More “Oil prices are stable despite rising U.S. inventories, but war fears are omnipresent” »
Asia’s semiconductor and related stocks rose on Wednesday after chipmaker Nvidia became the world’s most valuable company thanks to the AI boom. Nvidia rose 3.6% on Tuesday, giving the company a market capitalization of $3.34 trillion, surpassing Microsoft, which currently has a market capitalization of $3.32 trillion. Earlier this month, Nvidia hit the $3 trillion … Read More “Nvidia’s overnight gains lift Asian chip stocks on AI optimism” »
Apple’s splashy announcement at this week’s Worldwide Developers Conference that it’s adding artificial intelligence to its products and partnering with ChatGPT maker OpenAI has raised many questions about how Apple’s AI products will work. The confusion is understandable. Apple is simultaneously launching its own suite of AI models and integrating ChatGPT into its devices and … Read More “What will Apple’s AI do with your data?” »
During my 12 years living in Cuba, I waited in all kinds of lines: lines to buy groceries, lines to pay bills, lines just because people were waiting for something worth waiting for. But now I was waiting in line for something unexpected: to board a Russian warship docked in Havana harbor. When a Russian … Read More “On board a Russian warship during a visit to Cuba” »
Apple said it will end Apple Pay Later credit, which allows customers to buy products online and pay in four interest-free installments up to $1,000. Apple said Monday it has stopped offering credits through Apple Pay Later, the instant purchase program it launched last year. The move comes after Apple said it will allow installment … Read More “Apple will stop offering instant purchase loans in the US.” »
Goldman Sachs strategists say French stocks are likely to be hit further by political risks in the coming weeks and months, but the impact will be concentrated in certain areas. Blue-chip stocks on Paris’ CAC 40 index posted their worst performance since March 2022 last week, falling more than 6% as the country reeled from … Read More “French stocks face further damage from political risks, Goldman strategists say” »
Global shares edged higher on Tuesday as a tense calm spread across Europe, with traders awaiting comments from a host of U.S. Federal Reserve officials, but the Australian dollar strengthened after the central bank kept interest rates unchanged and warned of inflation. The European stock index STOXX 600 rose 0.2 percent, while the French benchmark … Read More “Global stocks rise, Europe Calm” »
On Tuesday, US legislators will hear from Boeing CEO Dave Calhoun, who acknowledged that the company’s safety culture is a source of concern following a mid-air incident in January. Prior to the US Senate subcommittee hearing, he made prepared remarks in which he stated: “While our culture is far from ideal, we are acting and … Read More “CEO of Boeing acknowledges that culture is “far from perfect.”” »
Next Monday, two Singaporean robots will start guarding the exterior of SAMMinistries’ downtown shelter. The group, which provides accommodation and services to homeless individuals, has a contract with Texas Veteran Security to guard the location since it established the shelter in a downtown San Antonio Holiday Inn in December 2023. The perimeter of the former … Read More “At the SAMMinistries shelter, a San Antonio security company tests Singaporean surveillance robots.” »
This collaboration demonstrates a dependable substitute for weather-dependent wind and solar power, as geothermal energy generates around 10% of Nevada’s electricity. Google has announced a partnership with NV Energy, a Berkshire Hathaway electric utility, to significantly increase the use of geothermal energy to power its Nevada data centers. The agreement, pending approval from state utility regulators, is a major step … Read More “In order to increase geothermal electricity for Nevada data centers, Google and NV Energy collaborate.” »
A “Transparent – Live Wallpaper App” is a kind of smartphone app that lets users customize dynamic, live backgrounds that can provide the appearance of a translucent screen, improving the visual experience of a smartphone. These applications usually make the phone appear see-through by using the camera on the device to take pictures of the … Read More “Live Wallpaper – Transparent” »
