Residents of cities across the eastern United States are bracing themselves for the arrival of a major storm system set to disrupt their weekend plans. This impending weather event threatens to unleash torrential rain, high winds, and severe thunderstorms along the East Coast. The system will originate in the Gulf of Mexico on Saturday, gradually
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As investors seek further confirmation that price pressures are easing, the Federal Reserve’s preferred inflation gauge will take center stage next week. The November personal consumption expenditures (PCE) index is set to be released on Friday, following the consumer and producer price indexes from the previous week that showed the Fed’s efforts to cool inflation
In the ever-growing field of artificial intelligence (AI), major tech players like Intel, Nvidia, and AMD are constantly vying for dominance. On Thursday, Intel unveiled its latest computer chips, including the Gaudi3, an AI chip targeted towards generative AI software. This article will delve into the details of Intel’s new releases and their competitive position
Adobe, a leading software maker, saw its shares plunge by more than 6% in extended trading after the company released a forecast for 2024 that fell short of expectations. While the company reported impressive results for the fiscal fourth quarter, its guidance for the new fiscal year disappointed Wall Street analysts. In this article, we
Microsoft made a significant announcement on Monday, unveiling a groundbreaking partnership between the tech giant and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO). This strategic collaboration aims to initiate an open dialogue around the future of artificial intelligence (AI) and allay concerns regarding job displacement. With 60 unions and a staggering
Investors nearing retirement are witnessing a significant shift in their investment strategies. The word of the year for 2023 might just be ‘income,’ as stated by Todd Sohn, a managing director at Strategas. Sohn explains that a large cohort of soon-to-be retirees is focused on earning a stable income, while still aiming to grow their
The release of the jobs report for November is expected to reveal increased hiring activity, defying predictions of a slowdown in the economy. While this growth is generally positive for the economy, concerns arise about the impact it may have on the Federal Reserve’s interest rate hikes and inflation levels. With various factors at play,
Amazon’s grocery delivery service continues to evolve as the e-commerce giant pilots a new subscription option for members of its Prime program. The company announced that Prime members now have the opportunity to pay $9.99 per month for unlimited grocery delivery from Whole Foods and Amazon Fresh on orders exceeding $35, as well as access
The world of social media is not always as glamorous behind the scenes as it may seem. This is especially true for a former global head of security, Alan Rosa, who has recently filed a lawsuit against X, the company formerly known as Twitter, and its high-profile owner Elon Musk. Rosa claims that he was
In a shocking revelation, Banque Pictet, the private banking division of the well-established Pictet Group, has admitted to colluding with U.S. taxpayers to hide a staggering $5.6 billion from the Internal Revenue Service (IRS). This revelation has sent shockwaves through the financial industry, raising questions about the trustworthiness of major banks and emphasizing the urgent