Global stock markets experienced a significant decline following the recent downgrade of the United States’ long-term credit rating by Fitch. However, top economists argue that this downgrade should not cause alarm. Despite concerns about expected fiscal deterioration and governance issues, experts believe that the market impact will be temporary. Immediate Market Reaction The downgrading of
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Scientists at MIT have made a groundbreaking discovery in their quest to develop more efficient methods of storing renewable energy. By combining cement, water, and carbon black, researchers have successfully created an electrified cement with the potential to transform building foundations and roads into vast energy storage units. Unlocking the Power of Ancient Materials The
Houston Astros pitcher Framber Valdez made history on Tuesday night, throwing the 16th no-hitter in the team’s history. The Astros secured a 2-0 victory over the Cleveland Guardians. The outstanding performance came just hours after the Astros reacquired their ace pitcher Justin Verlander from the New York Mets. Valdez was in top form throughout the
Google is embarking on a major reorganization of its Assistant unit to harness the power of generative artificial intelligence (AI) and enhance its voice-powered software. The company aims to leverage large language model (LLM) technology to transform its Assistant into a more advanced and versatile tool. The move comes with a small number of layoffs,
The New York City Council’s Committee on Civil Service and Labor has taken a significant step in advocating for the fair treatment of striking actors and writers. Following a hearing, the committee unanimously passed a resolution in support of a fair contract, which will now be put to a vote by the full City Council.
Despite a challenging second quarter, Advanced Micro Devices (AMD) has surpassed sales and profit expectations, reporting a decline in revenue of 18%. However, the company remains optimistic about its future prospects, with a focus on its data center and embedded divisions. With the increasing demand for high-end graphics processing units (GPUs) used in artificial intelligence
In an effort to secure their third championship together, the Houston Astros are bringing back ace pitcher Justin Verlander. The Astros have reached an agreement with the New York Mets to reacquire Verlander, according to a source. This reunion hopes to replicate the success they achieved when Verlander led them to their second World Series
Starbucks announced its quarterly earnings on Tuesday, surpassing analysts’ expectations for earnings per share. The company reported adjusted earnings per share of $1, compared to the expected 95 cents. However, despite this positive news, the coffee giant’s same-store sales fell short of Wall Street’s estimates. Starbucks recorded a net income attributable to the company of
A recent report suggests that Nintendo is gearing up to release its next mainline console in the second half of 2024. Development kits have already been sent out to key partner studios, indicating that the Japanese gaming giant is well underway in the development process. While no pricing details have been revealed, the new console
In a heart-wrenching turn of events, a five-year-old boy named Robin Caliskan has tragically drowned at the Atlantic Reach holiday park in Newquay, Cornwall. The young boy was on vacation with his family when he encountered difficulties in the swimming pool. A Loving and Talented Child Described as “very cute and clever” by his grief-stricken