Drug shortages and national security:
npr.org/2023/03/26/1166141399/drug-shortages-and-national-security
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| Last Updated | Mar 26 23 |
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Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
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Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
Paid articlePaid US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
bloomberg.com/news/articles/2024-04-26/us-consumer-sentiment-falls-as-inflation-expectations-climb
Paid articlePaid US Bitcoin (BTC) ETFs Suffer One of Worst Outflows as Token Wavers: Investors pulled a net $218 million from US Bitcoin exchange-traded funds ...
bloomberg.com/news/articles/2024-04-26/us-bitcoin-btc-etfs-suffer-one-of-worst-outflows-as-token-wavers
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US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
Paid articlePaidQuick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Drop in BOJ’s Bond Holdings Gives Market Taste of Quantitative Tightening: Investors in Japanese government bonds have already had a taste of quantitative ...
bloomberg.com/news/articles/2024-04-26/drop-in-boj-s-bond-holdings-gives-market-taste-of-quantitative-tightening
Dovish BOJ Decision Paves Way for Even Weaker Yen, Analysts Say: The Bank of Japan largely left its monetary policy settings unchanged Friday ...
bloomberg.com/news/articles/2024-04-26/dovish-boj-decision-paves-way-for-even-weaker-yen-analysts-say
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
bloomberg.com/news/articles/2024-04-26/growth-plus-inflation-economy-is-a-lose-lose-for-biden
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Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Snap Stock Jumps After Sales Projections Beat Estimates on Ads: Snap Inc. gained in extended trading after projecting that revenue in the current quarter will ...
bloomberg.com/news/articles/2024-04-25/snap-projects-sales-that-tops-estimates-on-improved-ad-business
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Walmart’s Rob Walton to Retire From Board: Chipotle CEO Brian Niccol will replace his spot on the board of directors.
barrons.com/articles/walmart-rob-walton-retire-board-26c3cd33
Paid articlePaid Bill Gross Says Stick to Value Stocks, Avoid Tech as Treasury Yields Soar: Bill Gross offered some advice to investors as Treasuries and equities slumped ...
bloomberg.com/news/articles/2024-04-25/bill-gross-says-stick-to-value-over-tech-as-us-yields-soar
Paid articlePaid US Treasury Yields Rise as Price Pressures Cast Doubt on Fed Rate-Cut Path: Treasury yields rose to 2024 highs as evidence of sticky US price pressures casts ...
bloomberg.com/news/articles/2024-04-25/treasuries-hold-losses-after-seven-year-sale-meets-expectations
Paid articlePaid China Overseas Investment Is at Eight-Year High as Firms Build Factories Abroad: China’s overseas investment is heading for an eight-year high as its dominant ...
bloomberg.com/news/articles/2024-04-25/china-firms-are-investing-abroad-at-fastest-pace-in-eight-years
Paid articlePaid Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
Pantera Capital Seeks to Raise $1 Billion for a New Crypto Fund: Pantera Capital, one of the largest managers of digital assets, is seeking to raise more than $1 ...
bloomberg.com/news/articles/2024-04-25/pantera-capital-seeks-to-raise-1-billion-for-a-new-crypto-fund
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The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
Smokeless Products Are the Future of Big Tobacco. This Company Is Losing the Race.
on.barrons.com/3y3rpdW
Gold Continues to Boom. The Major Buyer: Central Bankers: Central banks have long been supporting players in the demand for gold. But the sanction on dollar ...
on.barrons.com/3xSUbhu
Traders See Cocoa Rally Top $15,000 on Lingering Supply Shortage: Cocoa prices have been on a tear this year and the rally may have even more room to run as bean ...
bloomberg.com/news/articles/2024-04-25/traders-see-cocoa-rally-top-15-000-on-lingering-supply-shortage
G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
bloomberg.com/news/articles/2024-04-25/g42-allies-with-us-over-china-in-global-ai-conflict
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The Dream of Fed Rate Cuts Is Slipping Away: Investors are backing away from expectations that the central bank can reduce rates in coming months ...
wsj.com/economy/central-banking/the-dream-of-fed-rate-cuts-is-slipping-away-55903ca5
Household Debt Hits Record High As Indians Splurge, Study Shows: India’s household debt likely surged to a record in the final three months of last year ...
bloomberg.com/news/articles/2024-04-25/household-debt-hits-record-high-as-indians-splurge-study-shows
Paid articlePaid Here's Who's Winning the Global Fight for AI Talent: Inside the competition for top-tier researchers.
bloomberg.com/news/articles/2024-04-25/here-s-who-s-winning-the-global-fight-for-ai-talent
Paid articlePaid US TikTok Divest-or-Ban Bill Raises Questions of How China Will Respond: Now that President Joe Biden has signed off on a law that could expel TikTok from the US ...
bloomberg.com/news/articles/2024-04-24/tiktok-ultimatum-puts-us-firms-in-firing-line-for-china-response
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Revival in Japanese Stock Market Hinges on Domestic Demand Taking Hold: Japan’s stock market needs to see more domestically-oriented companies step up their game ...
bloomberg.com/news/articles/2024-04-25/revival-in-japanese-stock-market-hinges-on-domestic-demand-taking-hold
Stock Market Today: Dow, S&P Live Updates for April 25: Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether ...
bloomberg.com/news/articles/2024-04-24/stock-market-today-dow-s-p-live-updates
Paid articlePaidQuick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24
- Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.
- Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.
- Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.
- JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.
Jefferies CEO Just Sold $65 Million of Company Stock. He’s Buying a Yacht.: Jefferies CEO Rich Handler said the boat will be a “gift to myself and my family” and ...
barrons.com/articles/jefferies-ceo-stock-yacht-0bbe9020
Paid articlePaid US Births Fell Last Year to Lowest Total Since 1979, Report Says: US births declined in 2023 to their lowest level in more than 40 years, continuing a two-decade ...
bloomberg.com/news/articles/2024-04-25/us-births-fell-last-year-to-lowest-total-since-1979-report-says
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Good News for Biden on Growth, Bad News on Inflation Fight: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-24/good-news-for-biden-on-growth-bad-news-on-inflation-fight
US Stock Market Uncertainty Has Traders Buying Put Options to Hedge Portfolios: Stock market investors who have been reluctant to hedge their portfolios in the ...
bloomberg.com/news/articles/2024-04-24/reluctant-traders-protect-themselves-from-further-market-mayhem
Paid articlePaid Merck to Report Earnings One Month After Major Drug Approval. What Investors Are Watching.
on.barrons.com/3xRK64u
US Oil Refiners’ Profits Seen Taking Hit on Gloomy Outlook (MPC, PSX, VLO): US oil refiners that have been among this year’s strongest S&P 500 performers are ...
bloomberg.com/news/articles/2024-04-24/oil-refining-profits-seen-at-two-year-lows-on-gloomy-outlook
UAE gets fourth AEW&C aircraft from Saab: Saab, the renowned defense and security company, has announced the delivery of the fourth GlobalEye aircraft to the ...
defence-blog.com/uae-gets-fourth-aewc-aircraft-from-saab/
US TikTok’s future in jeopardy as Biden signs ban bill: What’s next?: TikTok’s Chinese owner has nearly a year to divest or face ban as US lawmakers say the ...
aljazeera.com/news/2024/4/25/us-tiktoks-future-in-jeopardy-as-biden-signs-ban-bill-whats-next
China's influence operations against the U.S. are bigger than TikTok: Intelligence officials and lawmakers describe the Chinese-owned social media app as a ...
npr.org/2024/04/26/1247347363/china-tiktok-national-security
US announces $1 billion package for Ukraine: The Defense Department announced a $1 billion package for Ukraine shortly after President Biden on Wednesday signed ...
thehill.com/policy/defense/4617823-us-announces-1-billion-package-for-ukraine/
Supreme Court updates: Does Idaho abortion ban conflict with federal law?: The Supreme Court justices expressed deep divisions over abortion during arguments ...
usatoday.com/story/news/politics/2024/04/24/supreme-court-idaho-abortion-ban-arguments-live-updates/73427453007/
Quick Glance: Supreme Court Divided on Emergency Abortion Access: Highlights
- The Supreme Court seems divided on access to emergency abortions in states with near-total bans.
- The 1986 Emergency Medical Treatment and Labor Act could impact abortion access in emergencies.
- The debate raises questions about fetal personhood and abortion rights conflict.
- The court's decision could affect abortion access in 14 states with strict abortion bans.
FCC reinstates Net Neutrality in the US to ensure a level playing field for all internet users
techspot.com/news/102753-fcc-reinstates-net-neutrality-us-ensure-level-playing.html
Quick Glance: FCC Votes to Restore Net Neutrality Rules
- The FCC voted 3-2 along political party lines to reinstate rules from 2017 to prevent internet service providers from disrupting your internet speed.
- Restoring net neutrality has been a focus for President Joe Biden and was approved by a majority of the FCC.
- Net neutrality protects consumers from ISP control, promotes fair rules, and safeguards against online fraud and scams.
- The discussion on net neutrality also raises questions about service pricing and highlights the importance for internet infrastructure.
White House's Sullivan expects to travel to Saudi Arabia in next few weeks: White House national security adviser Jake Sullivan said on Wednesday he expects to ...
reuters.com/world/blinken-plans-visit-saudi-arabia-take-part-world-economic-forum-axios-reports-2024-04-23/
UK Men Charged Under New Security Law Over Pro-Russia Attack: Several British men were charged under a new national security law for supporting Russia by ...
bloomberg.com/news/articles/2024-04-26/uk-men-charged-under-new-security-law-over-pro-russia-attack
Taiwan president-elect names cabinet ahead of inauguration: Taiwanese president-elect Lai Ching-te named his cabinet and security team appointees on Thursday as ...
standardmedia.co.ke/world/article/2001493866/taiwan-president-elect-names-cabinet-ahead-of-inauguration
UK University research safety sparks national security concerns, govt to improve data security
wionews.com/videos/uk-university-research-safety-sparks-national-security-concerns-govt-to-improve-data-security-715405
Why America should think twice before banning Chinese EVs: The challenge in front of the US government is to distinguish security threats from lobbying efforts
thenationalnews.com/opinion/comment/2024/04/23/why-america-should-think-twice-before-banning-chinese-evs/
UK police arrest five on national security offenses linked to Russia: British police said on Friday five men, including a British national, have been charged in ...
english.alarabiya.net/News/world/2024/04/26/uk-police-arrest-five-on-national-security-offenses-linked-to-russia-
UK's Investigatory Powers Bill to become law despite tech world opposition: Only minor changes from original proposals that kicked up privacy storm
theregister.com/2024/04/26/investigatory_powers_bill/
Haiti Prime Minister Ariel Henry resigns, transitional council takes power: Haiti enters new phase aimed at stemming its spiralling political and security crisis ...
aljazeera.com/news/2024/4/25/haiti-prime-minister-ariel-henry-resigns-transitional-council-takes-power
China’s New Stance on Facial Recognition: A Move Towards Privacy: In a significant policy shift, China has introduced draft regulations to curb the widespread ...
riotimesonline.com/chinas-new-stance-on-facial-recognition-a-move-towards-privacy/
TikTok May Be Banned in the US. Here’s What Happened When India Did It.: In India, the app was banned nearly four years ago. Most users and content creators ...
thediplomat.com/2024/04/tiktok-may-be-banned-in-the-us-heres-what-happened-when-india-did-it/
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Foreign states targeting sensitive research at UK universities, MI5 warns: Ministers considering more funding to protect important research sites ...
theguardian.com/technology/2024/apr/26/foreign-states-targeting-sensitive-research-at-uk-universities-mi5-warns
National security threats amid Gaza war won’t impede Sinai development: ECSS deputy director - Politics - Egypt
english.ahram.org.eg/NewsContent/1/64/522582/Egypt/Politics-/National-security-threats-amid-Gaza-war-won%E28099t-impe.aspx
Academics at UK universities face vetting to counter Chinese spies: MI5 review finds that national security is at risk because hostile states are attempting to ...
thetimes.co.uk/article/academics-at-uk-universities-face-vetting-to-counter-chinese-spies-3rqlznqg7
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Russia says transfer of ATACMS missiles to Ukraine increases security risks for its territories
yenisafak.com/en/world/russia-says-transfer-of-atacms-missiles-to-ukraine-increases-security-risks-for-its-territories-3682101
Quick Glance: USA Provides Ukraine with Long-Range ATACMS Missiles
- The USA delivered short-range ATACMS missiles with extended range to Ukraine to protect the country.
- The delivery was discreet, part of an aid package to maintain Ukraine's operational security.
- The USA previously provided ATACMS missiles with a range of 165 km last year, now supplying missiles with up to 300 km range.
- Germany rejects providing the Taurus missile while the USA offers extensive aid to Ukraine.
Eurovision Song Contest host Sweden braces for anti-Israel protests: MALMO: Sweden said it plans to host a dazzling Eurovision Song Contest ...
arabnews.com/node/2498711/media
U.S. Rep. Andy Barr: National security package will protect American interests. | Opinion
kentucky.com/opinion/op-ed/article288008115.html
U.S. agency bars Chinese telecom carriers from offering broadband: WASHINGTON (Reuters) -- The Federal Communications Commission said on Thursday it is ordering ...
asia.nikkei.com/Politics/International-relations/US-China-tensions/U.S.-agency-bars-Chinese-telecom-carriers-from-offering-broadband
Russia vetos UN resolution to prevent nuclear arms race in space: Moscow described the security council resolution, which would have called on countries not to ...
theguardian.com/world/2024/apr/25/russia-vetos-un-resolution-nuclear-weapons-space-arms-race
Why the EU is raiding Chinese companies: The target of Wednesday’s dawn raid has been on the radar of western security services for some time ...
spectator.co.uk/article/why-the-eu-is-raiding-chinese-companies/
Ukraine war latest: Biden signs $61 billion aid bill for Ukraine; US began secretly providing ATACMS in March
kyivindependent.com/ukraine-war-latest-april-24/
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Taiwan’s Lai Warns of ‘Severe’ Challenges for New Security Team: Taiwan’s incoming president warned his government faces a grim international environment as he ...
bloomberg.com/news/articles/2024-04-25/taiwan-s-lai-warns-of-severe-challenges-for-new-security-team
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Following months of delays, U.S. unveils $1B military package for Ukraine - UPI.com
upi.com/Top_News/US/2024/04/25/new-Pentagon-military-package-Ukraine/6981714030340/
What US should do next on national security: The US Congress just passed — and Biden signed — a major national security bill. The bill has four main provisions: ...
asiatimes.com/2024/04/what-us-should-do-next-on-national-security/
EU conducts ‘dawn raid’ on Chinese security equipment supplier: Separate Brussels probe targets Chinese medical market amid growing trade tensions with Beijing
ft.com/content/4aa9b10f-93bf-4af3-b5e0-e2865ad78af7
Qatar Will Host Meeting to Discuss Ukrainian Proposal to End War: National security advisors and senior officials from around the world are set to meet in Doha ...
bloomberg.com/news/articles/2024-04-24/qatar-will-host-meeting-to-discuss-ukrainian-proposal-to-end-war
Turkish uni to harness AI to track space activity, 'spy satellites': Harnessing the potential of artificial intelligence, spacecraft and objects ...
dailysabah.com/business/tech/turkish-uni-to-harness-ai-to-track-space-activity-spy-satellites
Brookings Institution: 'The full promise of Pittsburgh’s next economy … remains unrealized'
post-gazette.com/business/tech-news/2024/04/24/brookings-pittsburgh-job-growth-pitt-cmu-industry/stories/202404240106
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Michael McDowell: If the worst happens, who would come to our defence? We are acutely vulnerable to threat
irishtimes.com/opinion/2024/04/24/if-the-worst-happens-who-would-come-to-our-defence-we-are-acutely-vulnerable-to-threat/
Ukraine, Portugal start talks on security agreement: Ukraine and Portugal have begun negotiations on a draft bilateral security agreement ...
kyivindependent.com/ukraine-portugal-start-talks-on-security-agreement/
Russia establishes advisory body to evaluate books' compliance with national legislation
kyivindependent.com/russia-establishes-advisory-body-to-evaluate-books-compliance-with-national-legislation/
Doncaster female security boss steps in the boxing ring to honour mum who died of cancer and brother now battling the disease
doncasterfreepress.co.uk/sport/boxing/doncaster-female-security-boss-steps-in-the-boxing-ring-to-honour-mum-who-died-of-cancer-and-brother-now-battling-the-disease-4603277
Trudeau won't comment on future of TikTok in U.S., says Canadian safety a priority
ctvnews.ca/politics/trudeau-won-t-comment-on-future-of-tiktok-in-u-s-says-canadian-safety-a-priority-1.6860236
Microsoft cannot keep its own security in order, so what hope for its add-ons customers?
theregister.com/2024/04/24/microsoft_security_addons/
Microsoft releases MS-DOS 4 source code on GitHub — 45 year old code now open-source
tomshardware.com/software/operating-systems/microsoft-releases-ms-dos-4-source-code-on-github-45-year-old-code-now-open-source
Quick Glance: Microsoft Releases MS-DOS 4 Source Code on GitHub - 45-Year-Old Code Now Open-Source
- The release of the nearly 45-year-old MS-DOS 4.00 source code under the MIT license grants tinkers full freedom, including binaries and disk images.
- The decision to disclose the MS-DOS 4.00 source code was significantly influenced by the communication between former Microsoft Chief Technical Officer Ray Ozzie and a young computer researcher named Connor 'Starfrost' Hyde.
- In addition to other materials, the MS-DOS 4.00 Intel 8086 assembly code and documentation are now available on GitHub, providing enthusiasts the opportunity to run the operating system on old hardware.
- As a reader of Tom's Hardware, gain exclusive insights into enthusiast PC tech news and benefit from over 25 years of experience in CPUs, GPUs, artificial intelligence, and more.
Musk and Australia argue over video of knife attack on X: In Sydney, a priest was attacked with a knife during a mass that was broadcast live on the internet ...
nzz.ch/panorama/elon-musk-und-australien-streiten-ob-das-video-einer-messerattacke-auf-der-plattform-x-sichtbar-bleiben-soll-ld.1828128
Quick Glance: Dispute Over Video of Knife Attack on X
- The owner of X, Elon Musk, refuses to delete the video of a knife attack in Sydney from his platform, leading to a dispute with the Australian authorities.
- Australian authorities demand the global removal of the video, while X is only willing to block access in Australia.
- Elon Musk defends freedom of speech and criticizes the authorities for limiting free expression.
- Authorities file a lawsuit to force the removal of the video, while Musk is criticized for publishing violent content on his platform.
Tesla Autopilot investigation closed after feds find 13 fatal crashes related to misuse
techcrunch.com/2024/04/26/tesla-nhtsa-autopilot-investigation-closed-fatal-crashes/
Quick Glance: Investigation of Tesla's Autopilot Recall Effectiveness
- The National Highway Traffic Safety Administration is investigating Tesla's Autopilot recall after 20 more crashes occurred post-recall.
- The recall involved over 2 million vehicles and utilized an online software update to enhance driver warnings.
- Concerns were raised regarding the recall's efficacy as crashes persisted after the fix.
- The investigation aims to determine why post-recall issues were not addressed and whether they pose a safety risk.
Citi Trims Fed Bet for 2024, Still Sees 100 Basis Points of Cuts: Citigroup Inc. dialed back expectations for Federal Reserve interest-rate reductions on Friday ...
bloomberg.com/news/articles/2024-04-26/citi-trims-fed-bet-for-2024-still-sees-100-basis-points-of-cuts
Paid articlePaid The cost of buying a home has hit an all-time high: It is more expensive than ever to buy a home in the U.S., according to a new report from the real estate ...
thehill.com/business/4620542-the-costs-of-buying-a-home-has-hit-an-all-time-high-report/
Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
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