The Federal Reserve’s preferred inflation gauge will be closely monitored next week as investors seek further confirmation that price pressures are easing. After a recent dovish pivot from the central bank, which pushed the Dow Jones Industrial Average into record territory, market participants are eager to gauge the effectiveness of the Fed’s efforts to cool
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In a bid to compete with rival chips from Nvidia and AMD that power large and energy-intensive AI models, Intel has unveiled its latest computer chips, including Gaudi3. This new chip, set to launch next year, is specifically designed for generative AI software. With Nvidia currently dominating the market with its GPUs that power prominent
Adobe, the renowned software maker, experienced a significant drop of over 6% in its share price during after-hours trading on Wednesday. This decline came as a result of the company revealing a forecast for 2024 that fell below expectations. Although Adobe’s performance in the fiscal fourth quarter was impressive, with earnings and revenue surpassing estimates,
President Joe Biden made his harshest criticism yet of the Israeli government during a campaign reception in Washington. He stated that Prime Minister Benjamin Netanyahu has a “tough decision to make” and suggested that the current government is hindering a long-term solution. According to Biden, the conservative government in Israel, led by Netanyahu, is making
In an effort to tackle the mounting fears that artificial intelligence (AI) will replace jobs, Microsoft has announced a groundbreaking partnership with the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO). This collaboration aims to create an open discussion on the future of AI and its potential impact on workers. By joining forces
Investors nearing retirement are increasingly seeking ways to earn stable income while also growing their assets in the long term. This shift in investor mindset is driven by a desire to maintain a consistent paycheck to cover monthly bills and expenses. The growing appetite for stable income products can be attributed to this year’s concentrated
As the economy faces expectations of a slowdown, the upcoming jobs report for November is expected to reveal an increase in hiring activity. While this may seem counterintuitive, a strong labor market is crucial to a thriving economy. Nevertheless, the projected robustness in job growth poses a challenge for investors and policymakers who anticipate a
Amazon is making changes to its grocery delivery services yet again. The company recently announced the pilot launch of a new subscription option for members of its Prime program. The subscription costs $9.99 per month and offers unlimited grocery delivery from Whole Foods and Amazon Fresh on orders over $35. In addition, members will have
In a recent development, Alan Rosa, the former global head of security, information technology, and privacy at Twitter, has filed a lawsuit against X, Elon Musk, and Steve Davis, a company advisor. Rosa alleges that he was wrongfully terminated after raising objections to cost-cutting measures implemented following Musk’s acquisition of the company last year. This
This week’s GOP presidential primary debate is set to make history with its smallest stage yet. Only four candidates will be facing off on Wednesday night, as announced by the Republican National Committee (RNC) on Monday. This article will delve into the lineup of candidates, the significance of Donald Trump’s absence, and the expectations for