As 2023 draws to a close, Wall Street is gearing up for what is known as the “Santa Claus Rally.” This phenomenon, coined by Yale Hirsch, the founder of the Stock Trader’s Almanac, refers to the gains typically seen in the final five trading days of the year and the first two days of the
US
Anthropic, the emerging market rival to OpenAI, is making waves in the industry with its groundbreaking advancements in chatbot technology. Founded in 2021 by ex-OpenAI employees, Anthropic is now in talks to raise a massive $750 million funding round, led by Menlo Ventures. This funding round is projected to value Anthropic at an astonishing $18.4
Chinese President Xi Jinping conveyed a stern message to President Joe Biden during their recent summit in San Francisco regarding the reunification of Taiwan with mainland China. According to three current and former U.S. officials, Xi emphasized that while Beijing aims to unify Taiwan with China peacefully, the timing of this reunification has not yet
ESG investing, which focuses on environmental, social, and corporate governance factors, has faced challenges in terms of transparency and varying metrics across companies. This has made it difficult for investors to accurately assess the impact of their investments. However, San Francisco-based asset manager Newday Impact Investing believes it has found a new way forward in
The Powerball jackpot has reached staggering heights once again, climbing to an estimated $543 million after failing to find a winner in the previous drawing. This is the fourth time in 2023 that the Powerball jackpot has exceeded $500 million, leaving hopeful participants eager to test their luck in the next drawing. With two grand
U.S. ports are undergoing significant upgrades to their cargo handling infrastructure thanks to multimillion dollar grants provided by the Biden administration. These grants are part of a larger $21 billion commitment to modernize port infrastructure across the United States. Midsize port cities, including Baltimore, have been designated as recipients of these grants to facilitate necessary
Cities across the eastern U.S. are making necessary preparations as a significant storm system approaches. This upcoming weather event is expected to bring torrential rain, high winds, and severe thunderstorms to the East Coast, disrupting weekend plans for many individuals. The storm will originate in the Gulf of Mexico on Saturday and gradually travel towards
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
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,