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
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The recent FDA approval of zuranolone, a pill for postpartum depression (PPD), is a significant scientific achievement. This new treatment, along with IV infused brexanolone, are the only approved psychopharmacological treatments specifically for PPD. The development of these drugs, which target allopregnanolone and modulate the GABAA receptor, offers hope for improving the well-being of mothers
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China’s industrial output expanded at the fastest pace since February 2022 in November, indicating signs of recovery. However, the growth in retail sales fell short of expectations, suggesting a patchy and uncertain economic rebound for the world’s second-largest economy. As economists approach the China data with caution due to the low base effect, it becomes
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The Golden State Warriors find themselves confronted with an arduous decision regarding forward Draymond Green, following his indefinite suspension for striking Phoenix’s Jusuf Nurkic in the face. Despite the disciplinary action, Warriors general manager Mike Dunleavy Jr. expressed the team’s unwavering commitment to Green. While the timeline for Green’s return remains uncertain, Dunleavy emphasized the
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General Motors’ Cruise has recently announced significant layoffs, affecting 24% of its workforce or approximately 900 employees. These layoffs primarily impact commercial operations and related corporate functions. This move comes in the wake of turmoil for the robotaxi startup, including the dismissal of key leaders due to their response to a pedestrian accident involving a
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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
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