As of Monday morning, a staggering 72 million people across the country were under warnings of extreme heat, according to the National Weather Service. The summer of 2024 is shaping up to be one of the hottest on record, with seasonal solstice coinciding with a weeklong heat wave expected to hit the East Coast and
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The recent data releases have caused U.S. Treasury yields to fall once again, reflecting the market’s response to easing inflation concerns. The 10-year Treasury yield dropped 3 basis points to 4.211%, while the 2-year Treasury note yield decreased by 1 basis point to 4.679%. These movements indicate a shift in investor sentiment as they react
Databricks, a leading data analytics software company, recently announced significant growth in their annualized revenue, reaching an impressive $2.4 billion by the midpoint of the year. This growth is particularly noteworthy given the challenges faced by other companies in the software industry due to economic factors such as inflation and rising interest rates. Financial Performance
The International Energy Agency (IEA) recently released a report predicting a surge in global oil production led by the United States. The report suggests that this increase in production will surpass demand growth until the end of the decade, resulting in unprecedented levels of spare capacity. This could potentially disrupt the market management efforts of
The recent trial of former President Donald Trump in New York has led to a flurry of accusations and conspiracy theories, particularly from House Republicans, alleging that the Department of Justice played a role in orchestrating the outcome. However, Assistant Attorney General Carlos Uriarte swiftly dismissed these claims as “completely baseless” and “irresponsible.” Despite these
OpenAI made a significant announcement on Monday regarding the hiring of two top executives and a strategic partnership with tech giant Apple. Sarah Friar, the former CEO of Nextdoor and finance chief at Square, will be stepping in as the company’s new chief financial officer. Bringing a wealth of experience to the table, Friar will
Former President Trump is set to undergo a virtual interview with a New York City probation officer from his residence at Mar-a-Lago, accompanied by his attorney Todd Blanche. This interview comes after Trump was found guilty on all counts in the hush money trial last month. The presiding Judge Juan Merchan has allowed Blanche to
Boeing’s Starliner is a spacecraft built to transport astronauts to and from the International Space Station, part of NASA’s Commercial Crew Program. Starting in 2014, Boeing entered into a $4.2 billion contract with NASA for this purpose, alongside SpaceX’s Crew Dragon project, which received $2.6 billion in funding. The Commercial Crew Program marked a departure
In a recent blog post by Microsoft’s Head of Windows and Surface devices, Pavan Davuluri, it was announced that the Recall feature on new AI-powered PCs will be disabled by default. This decision comes after security researchers discovered vulnerabilities that could allow attackers to access sensitive user data. The Recall feature, which captures screenshots and
The recent news of the Federal Trade Commission and the Justice Department opening antitrust investigations into Microsoft, OpenAI, and Nvidia has sent shockwaves through the artificial intelligence industry. These investigations are set to examine the powerful companies’ influence on the industry, focusing on their conduct rather than mergers and acquisitions. This move comes as startups