The latest report on inflation shows a slight uptick in July, as indicated by the personal consumption expenditures price index, a measure preferred by the Federal Reserve. The index rose 0.2% on a monthly basis and was up 2.5% from the previous year. Looking at core inflation, which excludes food and energy prices, there was
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The use of permissionless blockchains in the banking industry has raised concerns among regulatory bodies, including the Basel Committee on Banking Supervision (BCBS). While public blockchains offer open accessibility, the permissionless nature of these networks poses significant risks for financial institutions. Concerns Raised by the BCBS In a recent blog post, the BCBS highlighted several
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In recent times, social media platforms like Instagram and TikTok have been flooded with viral videos of dogs interacting with soundboard buttons. These videos showcase proud owners pretending to be amazed by their dogs’ apparent ability to communicate through these buttons. The dogs seem to be forming sentences, asking for food, seeking help, raising alerts,
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Alibaba, the Chinese tech giant, has recently completed a three-year regulatory “rectification” process after being fined for monopolistic practices in 2021. The State Administration for Market Regulation (SAMR) in China stated that they have been supervising Alibaba’s efforts to become compliant with antitrust regulations over the past few years, with the process yielding positive results.
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The 2024 Venice Film Festival started off with a bang as the highly anticipated Tim Burton-Michael Keaton sequel Beetlejuice Beetlejuice hit the big screen. This event marked the beginning of the 81st edition of the festival, which is set to run until September 7 on the enchanting Lido. As Deadline covered the festival closely, all
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The landscape of tobacco retail is shifting, with new regulations set to have a significant impact on how tobacco products are sold. The FDA has issued a final rule that raises the minimum age for certain restrictions on tobacco product sales, in accordance with the Further Consolidated Appropriations Act signed in December 2019. One of
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Pat Gelsinger, the CEO of Intel, recently spoke at a technology conference in California, acknowledging the difficulties the company has faced in the wake of a disastrous earnings report. He stated that they respect the skepticism from the market and are fully prepared to tackle the challenges ahead. Following the earnings report, Intel’s stock price
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