Amazon records biggest ever Thanksgiving shopping weekend:
finance.yahoo.com/news/amazon-records-biggest-ever-thanksgiving-153748778.html
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| Last Updated | Nov 30 22 |
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Amazon records biggest ever Thanksgiving shopping weekend: Amazon.com Inc (AMZN.O) said on Wednesday it recorded its biggest ever Thanksgiving weekend this year ...
reuters.com/business/amazon-records-biggest-ever-thanksgiving-shopping-weekend-2022-11-30/
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Amazon records biggest ever Thanksgiving shopping weekend: Amazon.com Inc (AMZN.O) said on Wednesday it recorded its biggest ever Thanksgiving weekend this year ...
reuters.com/business/amazon-records-biggest-ever-thanksgiving-shopping-weekend-2022-11-30/
Amazon is taking aim at Target and Walmart with a new low-cost delivery subscription
qz.com/amazon-delivery-service-target-walmart-1851429451
These Major Retailers Are Cutting Prices to Lure Inflation-Weary Buyers Back: With inflation abating, some U.S. retailers are starting to lower their prices to ...
money.com/stores-cutting-prices-inflation/
Google Workers Protest Cloud Contract With Israel's Government: Google employees are staging sit-ins and protests at company offices in New York and California ...
wired.com/story/google-no-tech-for-apartheid-project-nimbus-israel-gaza-protest/
Quick Glance: Google restructuring operations and relocating roles to 'hubs' to fund AI investments
- Google is implementing staff layoffs and transferring certain roles to 'hubs' to secure funds for artificial intelligence investments.
- The finance and real estate teams are being affected by the downsizing, with some roles being moved overseas.
- Through the consolidation of finance teams in Bangalore, Mexico City, Dublin, Chicago, and Atlanta, Google aims to enhance efficiency and operate around the clock.
- The restructuring is driven by the substantial shift towards artificial intelligence in the tech industry, prompting Google to allocate more resources to this domain.
Amazon: The Margin Train Is Gaining Speed: Amazon remains the cheapest option, by far, for fulfillment, logistics, and customer acquisition ...
seekingalpha.com/article/4685639-amazon-the-margin-train-is-gaining-speed
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IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition: IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor ...
techcrunch.com/2024/04/24/ibm-moves-deeper-into-hybrid-cloud-management-with-6-4b-hashicorp-acquisition/
49 euro ticket: Over half use it permanently: Over half of the people who use the Deutschlandticket for local public transport have had it continuously since...
stadt-bremerhaven.de/49-euro-ticket-ueber-die-haelfte-nutzt-es-dauerhaft/
Apple Reportedly Getting Rid of Its FineWoven Cases and Watch Bands: The eco-friendly cases are prone to durability issues.
pcmag.com/news/apple-is-getting-rid-of-its-line-of-finewoven-cases-and-watch-bands
Microsoft's AI lead puts Amazon cloud dominance on watch: Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on ...
reuters.com/technology/microsofts-ai-lead-puts-amazon-cloud-dominance-watch-2024-04-24/
Amazon Ends Drone Deliveries in California: Amazon ends a test in Lockeford, California, and instead looks to Texas and Arizona for drone deliveries ...
pcmag.com/news/amazon-ends-drone-deliveries-in-california
Misconfigured cloud server leaked clues of North Korean animation scam: Outsourcers outsourced work for the BBC, Amazon, and HBO Max to the hermit kingdom
theregister.com/2024/04/23/north_korea_animators/
Quick Glance: Kim Leads Rocket Drills for Nuclear Counterattacks
- North Korean leader Kim Jong Un supervised rocket launches simulating nuclear counterattacks.
- The drills showcased the strength of the country's nuclear forces.
- The rockets were described as highly accurate and capable of carrying tactical nuclear warheads.
- The US and South Korea are responding with enhanced military exercises and nuclear deterrence strategies.
Amazon launches a new grocery delivery subscription in the US: Amazon said Tuesday that it has launched a new unlimited grocery delivery subscription for Prime ...
techcrunch.com/2024/04/23/amazon-launches-a-new-grocery-delivery-subscription-in-the-u-s/
What happened to Tesla? Weak sales, layoffs and recalls weigh on outlook.: The company is facing its greatest set of challenges since a series of unforced errors ...
washingtonpost.com/technology/2024/04/23/elon-musk-tesla-earnings-outlook/
E3 Is Dead, But Tickets for IGN Live Are Now on Sale: Starting June 7, IGN Live promises first looks and game reveals from Amazon Games, Atari, Crunchyroll ...
uk.pcmag.com/news/151979/e3-is-dead-but-tickets-for-ign-live-are-now-on-sale
Google Calendar: Monthly quick access in the appointment overview: A small but perhaps welcome change to Google Calendar for Android. The appointment overview ...
stadt-bremerhaven.de/google-kalender-monats-schnellzugriffe-in-der-terminuebersicht/
MercadoLibre: A Second Chance At Great Returns For Long-Term Investors: MercadoLibre's Q1 earnings could be a big upside compared to analyst expectations ...
seekingalpha.com/article/4685102-mercadolibre-a-second-chance-at-great-returns-for-long-term-investors
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Google fires more workers who protested its deal with Israel: An activist group says Google fired at least 20 more workers in the aftermath of protests over ...
apnews.com/article/google-israel-protest-workers-gaza-palestinians-96d2871f1340cb84c953118b7ef88b3f
Quick Glance: Google Fires More Employees Following Israel Deal Protests
- An activist group has reported that Google has terminated at least 20 more employees in response to protests over the technology supplied to the Israeli government amid the Gaza conflict, bringing the total number of dismissed employees to over 50.
- This serves as another indication of internal unrest at the tech giant, revolving around 'Project Nimbus,' a $1.2 billion contract signed in 2021 for Google and Amazon to provide cloud computing and AI services to the Israeli government.
- Last week, demonstrations were held by employees at Google offices in New York and Sunnyvale, California, resulting in the company contacting law enforcement, leading to subsequent arrests.
- According to Google, the additional terminations were carried out after an investigation gathered information from colleagues who were 'physically disrupted,' and employees were identified who wore masks and did not carry their ID badges to conceal their identities. The company refuted the group's allegations, asserting that it meticulously verified that 'each individual whose employment was terminated was personally and conclusively involved in disruptive activities within our premises.'
“Fallout”: Second season officially confirmed: It was already rumored, but now it has been officially confirmed. The video game adaptation Fallout on Amazon ...
stadt-bremerhaven.de/fallout-zweite-staffel-offiziell-bestaetigt/
Quick Glance: Fallout: Season 2 Must Embrace Darkness
- For Fallout on Amazon to succeed, Season 2 needs to embrace a darker and more sinister tone.
- Critiques of the first season include a lack of moral complexity and unfulfilled character potential.
- Simplification of character complexity in favor of plot advancement must be addressed in Season 2.
- In order to maintain viewer engagement, the protagonists must become darker and more complex in Season 2.
Google Fires 28 Workers for Protesting Cloud Deal With Israel: The fired workers included nine Google employees who were removed by police after occupying Google ...
wired.com/story/google-fires-twenty-eight-workers-for-protesting-cloud-deal-with-israel/
UK regulator examines Microsoft and Amazon’s AI dealmaking: Request for comments into Big Tech’s alliances with artificial intelligence start-ups follows CMA ...
ft.com/content/0597a834-c101-4d01-893d-87c2eca122c9
UK competition watchdog steps up scrutiny of big tech’s role in AI startups: Microsoft and Amazon asked to comment on tie-ups, a move that paves way for formal ...
theguardian.com/technology/2024/apr/24/uk-competition-watchdog-steps-up-scrutiny-of-big-techs-role-in-ai-startups-cma-microsoft-amazon
GoWise’s Steam Air Fryer Is an Intriguing Combo Cooker: GoWise’s countertop device combines two different cooking functions: air frying and steaming ...
wired.com/review/gowise-steam-air-fryer/
Google fired 20 more workers after protests against its contract with Israel: No Tech for Apartheid, which represents the workers who protested ...
qz.com/google-fires-workers-protests-israel-project-nimbus-1851428444
Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack
techcrunch.com/2024/04/24/stripe-doubling-down-on-embedded-finance-de-couples-payments-from-the-rest-of-its-stack/
EU threatens to suspend 'addictive' TikTok feature by end of today: Yesterday, the EU issued TikTok an ultimatum. The Chinese-owned social media app was given ...
thenextweb.com/news/eu-ban-tiktok-lite
Confluent: A Promising Growth Story Given Increasing Usage On Platform And Robust Innovation
seekingalpha.com/article/4684984-confluent-a-promising-growth-story-given-increasing-usage-on-platform-and-robust-innovation
Paid articlePaid SpaceX workplace injury rates rocket for second year running: Musk outfit's figures almost 10 times worse
theregister.com/2024/04/23/spacex_injury_rates/
Quick Glance: Injury Rates at SpaceX Exceed Industry Average
- Injury rates at SpaceX facilities surpassed industry average in 2023.
- Injuries at SpaceX locations worsened compared to 2022.
- Experts raise concerns about the quality of work at SpaceX.
- SpaceX and Musk have not publicly addressed safety record in detail.
Chinese security equipment company raided in EU over foreign subsidies concerns: A Chinese security equipment company was raided by the European Commission at ...
reuters.com/world/europe/security-equipment-company-raided-eu-over-foreign-subsidies-concerns-2024-04-23/
Amazon ends California drone deliveries: Amazon confirmed it is ending Prime Air drone delivery operations in Lockeford, California. The Central California town ...
techcrunch.com/2024/04/22/amazon-ends-california-drone-deliveries/
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
cnbc.com/2024/04/23/walmart-backed-fintech-one-introduces-buy-now-pay-later.html
Ecosia launches a cross-platform browser, starts an affiliate link program: Tree planting search engine Ecosia launched a new cross-platform browser today to ...
techcrunch.com/2024/04/22/ecosia-launches-a-cross-platform-browser-starts-an-affiliate-link-program/
Google Fires 28 Workers for Protesting Cloud Deal With Israel: The fired workers included nine Google employees who were removed by police after occupying Google ...
wired.com/story/google-fires-twenty-eight-workers-for-protesting-cloud-deal-with-israel/
Fedora 40 released: The Fedora project has released the 40th version of its GNU/Linux distribution of the same name. As before, there are ...
stadt-bremerhaven.de/fedora-40-veroeffentlicht/
Sony is said to be interested in Paramount: Steep story. Sony is said to be in the process of preparing an offer to take over Paramount. This reports ...
stadt-bremerhaven.de/sony-soll-an-paramount-interessiert-sein/
$433 Billion Gone! One Stock Loses More Value Than Tesla: Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the ...
investors.com/etfs-and-funds/sectors/sp500-billion-gone-one-stock-lost-more-value-than-tesla/
Truth Social is a mind-bending win for Donald Trump: And disturbing evidence of how he destabilises reality for Americans
economist.com/united-states/2024/04/18/truth-social-is-a-mind-bending-win-for-donald-trump
Ex-Amazon exec claims she was asked to break copyright law in race to AI: High-flying AI scientist claims unfair dismissal following pregnancy leave
theregister.com/2024/04/22/ghaderi_v_amazon/
US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
apnews.com/article/microsoft-amazon-anthropic-ai-investment-scrutiny-a52f6409fa6ee9b335ab6801b8e84cde
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
Instacart Stock Drops as Amazon Launches Grocery Delivery Service: Both Amazon.com and Instacart are now offering unlimited grocery deliveries for $9 ...
barrons.com/articles/instacart-stock-amazon-grocery-delivery-b88a59b9
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34-year-old making $49,000 a month in passive income: My favorite $0 side hustles you can start in 2024
cnbc.com/2024/04/24/ryan-hogue-on-his-favorite-zero-dollar-side-hustles.html
Netflix stock slips after it said subscriber numbers will dip: Netflix added more than 9 million subscribers last quarter, but plans to phase out reporting that ...
qz.com/netflix-stock-down-earnings-lower-membership-1851421633
Paid articlePaid Retailer Walmex's quarterly profit jumps on more stores, higher wages: Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in ...
reuters.com/business/retail-consumer/walmart-mexico-posts-14-rise-q1-net-profit-2024-04-24/
Quick Glance: Retail Giant Walmex's Quarterly Profit Surges Due to Expansion and Wage Increases
- Walmart's Mexico and Central America unit saw a 14.4% year-on-year increase in first-quarter net profit, driven by strong sales attributed to Mexicans' higher disposable income.
- The retailer's quarterly revenue rose by 9.8% to 226.19 billion pesos, surpassing analyst estimates.
- Operating income for the quarter increased by 10.3% to 24.62 billion pesos, with an improved performance compared to sales growth.
- Current CEO Guilherme Loureiro will step down at the end of the month, with Ignacio Caride proposed to succeed him as Walmex's CEO and chairman of the board.
Oura’s smart ring hits Target stores: Oura this morning announced that its smart ring will be available in select Target stores in the U.S. The deal ...
techcrunch.com/2024/04/22/ouras-smart-ring-hits-target-stores/
Amazon halts drone deliveries in California, but kicks off tests in Phoenix: The e-commerce company has closed its delivery site in Lockeford ...
engt.co/3Wav4AI
Amazon, Meta, IBM, Super Micro, and Other Tech Stocks in Focus Today: Meta Platforms and other Big Tech names including Amazon, Alphabet, Microsoft, Nvidia ...
barrons.com/articles/amazon-meta-ibm-super-micro-tech-stocks-today-71652802
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Two more Walmarts ditch self-checkout lanes: Walmart says the move is aimed at improving the in-store experience and follows similar decisions last year at three ...
businessinsider.com/walmart-st-louis-missouri-latest-remove-self-checkout-2024-4
Google Fires 20 More Over Protests, Former Employees Call It 'Textbook Evil': A handful of the 50 fired employees say Google has a role in 'AI-powered genocide ...
pcmag.com/news/google-fires-20-more-over-protests-former-employees-call-it-textbook-evil
Quick Glance: Innovation and Performance: Overview of Google Gemini 1.0 Ultra
- Google Gemini 1.0 Ultra offers a user-friendly interface, longer queries, and improved coding results.
- As a large language model (LLM), Gemini can handle complex queries and mimic human language.
- The Advanced subscription of Google Gemini 1.0 Ultra costs $19.99 per month, providing access to the most powerful model.
- Gemini also supports coding in at least 20 programming languages and has features for debugging and explaining code.
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
Permanently in love Bezos and Sánchez: His billions, their negligee feminism: Lauren Sánchez often dresses daringly and attracts a lot of attention for herself ...
spiegel.de/kultur/jeff-bezos-und-lauren-sanchez-seine-milliarden-ihr-neglige-feminismus-a-904fcec9-4ff7-4000-90db-5a0a58e38b6a
Amazon increases the number of employees at its Achim location to 2,150: Within a few weeks, Amazon increased its permanent workforce by 7.5 percent ...
weser-kurier.de/landkreis-verden/stadt-achim/amazon-erhoeht-die-zahl-der-mitarbeiter-am-standort-achim-auf-2150-doc7v4evpit3y812h8dip7v
OpenEmu: An open source emulator for Mac: Emulators for (old) consoles and handhelds are on everyone's lips again recently. At least for iPhone users ...
stadt-bremerhaven.de/openemu-ein-open-source-emulator-fuer-den-mac/
Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
63 Albertsons in California to be sold to C&S Wholesale if Kroger merger OK’d: The company did not specify which stores in California would be sold.
ocregister.com/2024/04/22/63-albertsons-in-california-to-be-sold-to-cs-wholesale-if-kroger-merger-okd/
Exclusive: Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives
reuters.com/business/activist-jana-letter-urges-wolfspeed-eye-sale-other-strategic-alternatives-2024-04-22/
How OpenAI and Microsoft reawakened a sleeping software giant: Just a decade ago, the world's biggest tech beast was a relative minnow. Microsoft had become ...
thenextweb.com/news/how-openai-microsoft-created-ai-giant
Huge interest in Fallout 4 and more: mod provider NexusMods reaches capacity limits
pcgameshardware.de/Fallout-4-Spiel-18293/News/Mod-Anbieter-NexusMods-Kapazitaetsgrenzen-Riesiges-Interesse-1445943/
How Amazon became the largest private EV charging operator in the U.S.: In a little more than two years, Amazon has installed more than 17,000 chargers at about ...
bloomberg.com/news/articles/2024-04-15/amazon-electric-vans-powered-by-17-000-ev-chargers
Paid articlePaid Google fires more workers after CEO says workplace isn’t for politics: Some employees protested the tech giant’s contract with the Israeli government ...
washingtonpost.com/technology/2024/04/22/google-nimbus-israel-protest-fired-workers/
Quick Glance: Google dismisses workers following protests on technology deal with Israeli government
- Following protests regarding the technology supplied to the Israeli government, Google has terminated employees, heightening tensions around a sensitive contract.
- The confirmed dismissals by Google on Wednesday occurred after nine individuals were detained during sit-in demonstrations in New York and Sunnyvale, California, a day subsequent to police intervention.
- Demonstrations are predominantly coordinated by a faction known as No Tech For Apartheid. Google states that Nimbus is not utilized for weaponry or intelligence purposes.
- Stated in a blog post, Google's CEO Sundar Pichai implied a close supervision of employees as the company enhances efforts in advancing its AI technology, marking a crucial phase in the industry and potentially humanity.
SF sales down 28% from 2019. What sectors and areas were hit hardest?: This map and table breaks down trend in S.F. sales tax revenue for the past five years
sfchronicle.com/bayarea/article/sf-sales-tax-neighborhood-19394489.php
Google Fires 28 Employees After Protests Over $1.2B Israeli Military Cloud Contract
uk.pcmag.com/cloud-infrastructure/151908/google-fires-28-employees-after-protests-over-12b-israeli-military-cloud-contract
Quick Glance: Google terminates 28 employees after office occupation due to anti-Israel protests
- Google terminated 28 employees on Thursday who had occupied its offices to protest against contracts with the Israeli government, as confirmed by a Google spokesperson.
- The protesters were arrested and after refusing to leave the office of Google Cloud CEO Thomas Kurian in Sunnyvale or the workspace in New York City for nearly 10 hours, they were transferred to administrative positions to urge Google to terminate the Project Nimbus contract and cease business with the Israeli government.
- No Tech For Apartheid, a project by Jewish Voice for Peace and Linda Sarsour’s MPower Change, described the terminations as an "indiscriminate act of mass retaliation."
- The office occupations at Google were accompanied by demonstrations on-site and in Seattle, aiming to compel Google to withdraw from the project to establish cloud-based data centers and transition a significant portion of the Israeli government's IT infrastructure to cloud-based servers.
Walmart Is Poised to Overtake Tesla in Market Value. How the Retailer Got Here.: It’s a tale of contrasting fortunes: Walmart stock has steadily risen as some of ...
barrons.com/articles/walmart-tesla-overtake-market-value-40f12270
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Walgreens embarks on another round of layoffs: The Deerfield-based company has been cutting jobs every few months over the last year.
chicagotribune.com/2024/04/16/walgreens-layoffs/
Right to repair adopted by the EU Parliament: It was only a formality: on Tuesday, the EU Parliament adopted the directive on the right to repair by 584 votes to ...
stadt-bremerhaven.de/recht-auf-reparatur-vom-eu-parlament-angenommen/
“Fallout” series: Amazon confirms second season: Amazon has confirmed a second season of the recently launched “Fallout” series. Meanwhile ...
heise.de/news/Fallout-Serie-Amazon-bestaetigt-zweite-Staffel-9690464.html
Congress’ first tech crackdown in years is a gift to Big Tech: Meta and Google stand ready to reap a TikTok ban’s rewards.
washingtonpost.com/technology/2024/04/24/tiktok-ban-benefits-meta-google/
Quick Glance: Measures Against TikTok: Biden Sets Deadline for Sale
- President Biden has signed legislation requiring ByteDance to fully divest from TikTok within a year or potentially face a nationwide ban.
- This action poses a significant challenge to the future of the video-streaming app in the U.S. and escalates the technological conflict between America and China.
- TikTok plans to take legal action against the Biden administration, citing concerns that the law could impede the free speech of millions of Americans.
- This requirement was incorporated into a bill providing foreign aid for Israel, Ukraine, and Taiwan, mandating ByteDance to sell its stake in TikTok within 12 months under the threat of closure.
'Loud quitting': What is it and how does it affect businesses?: A recent workplace trend known as "loud quitting" can be devastating for both ...
euronews.com/business/2024/04/22/loud-quitting-what-is-it-and-how-does-it-affect-businesses
.@Gordonung bought a bunch of USB-C cables and put them through the wringer to find the best ones for your charging and data transfer needs:
Best USB-C cables 2024: Get quality charging and data transfers: We bought a bunch of USB-C cables and put them through the wringer to find the best ones for ...
pcworld.com/article/395115/the-best-usb-c-cables-for-charging-and-transferring-data.html
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Amazon’s Fallout has been renewed for season 2: Amazon has confirmed that season 2 of its live-action Fallout series is in the works to stream on Prime Video.
theverge.com/2024/4/18/24134412/fallout-season-2-amazon-prime-video
Amazon Prime Membership: What Is Included and How Much Does it Cost?: Thinking about joining Amazon Prime for free shipping or want to make sure you're getting ...
pcmag.com/how-to/amazon-prime-membership-how-much-video
The Best Toilet Paper: Using terrible toilet paper is a bummer. We meticulously compared 36 types to find sustainable and traditional options that are tops for ...
nytimes.com/wirecutter/reviews/the-best-toilet-paper/
Why vector databases are having a moment as the AI hype cycle peaks: Vector databases are all the rage, judging by the number of startups entering the space and ...
techcrunch.com/2024/04/20/why-vector-databases-are-having-a-moment-as-the-ai-hype-cycle-peaks/
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Nvidia is buying an Israeli AI software startup that makes AI chips more efficient
qz.com/nvidia-buying-ai-software-startup-run-ai-1851432821
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Joyor S5 ABE (2024): Greatly damped e-scooter in the test: Just like with e-bikes, providers of e-scooters are now a dime a dozen. If you are on a day with good ...
stadt-bremerhaven.de/joyor-s5-abe-2024-grossartig-gedaempfter-e-scooter-im-test/
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
Amazon UK could be forced to recognise union as GMB wins right to hold ballot: Watchdog rules that vote should be held at Coventry warehouse to test support for ...
theguardian.com/technology/2024/apr/19/amazon-uk-recognise-union-gmb-ballot-coventry-warehouse
Amazon sold a chemical that led to 15 deaths. Who is responsible?: SEATTLE -- In December 2020, 15-year-old Tyler Schmidt took a deadly chemical to a wooded area ...
charlotteobserver.com/news/nation-world/national/article287878300.html
Qualcomm and Meta join forces for AI: Meta has just presented its AI model Llama 3. Among other things, it is used to incorporate it into the company's products ...
stadt-bremerhaven.de/qualcomm-und-meta-machen-fuer-ki-gemeinsame-sache/
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