As the summer of 2024 is officially in full swing, almost 72 million people were under extreme heat warnings according to the National Weather Service. Major cities such as Chicago, St. Louis, Indianapolis, and New York City were included in this warning, signaling the severity of the heat wave. With temperatures soaring above 90 degrees
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The U.S. Treasury yields saw a noticeable decline on Friday due to recent data reflecting easing inflation. The 10-year Treasury yield dropped by 3 basis points, trading at approximately 4.211% at 6:29 a.m. ET. Similarly, the 2-year Treasury note yield fell by 1 basis point to reach 4.679%. It is essential to understand that yields
In a recent investor briefing, Databricks CFO Dave Conte revealed some staggering numbers regarding the company’s revenue projections. By the midpoint of the current year, Databricks expects its annualized revenue to reach an impressive $2.4 billion. What makes this even more remarkable is the fact that their sales for the first six months of fiscal
The International Energy Agency recently released a report that highlighted a significant shift in the global oil production and demand landscape. The report predicts that a surge in oil production, led primarily by the U.S., will outstrip demand growth until the end of the decade. This surge is expected to push spare capacity to unprecedented
The Department of Justice (DOJ) recently condemned House Republicans for spreading baseless allegations that the federal agency had orchestrated the hush money trial of former President Donald Trump in New York. Assistant Attorney General Carlos Uriarte labeled the conspiracy theory as “irresponsible” and “completely false.” He emphasized that there was no evidence of any coordination
OpenAI, a leading artificial intelligence company, made headlines on Monday with the announcement of two key executive hires. Sarah Friar, known for her previous roles as the CEO of Nextdoor and finance chief at Square, is now stepping into the role of chief financial officer at OpenAI. Alongside Friar, Kevin Weil, the former president of
Former President Trump is scheduled to sit for a virtual interview on Monday with a New York City probation officer from his home at Mar-a-Lago. This comes after he was found guilty on all counts in the hush money trial against him last month. The probation interview is a required part of the former president’s
Boeing’s Starliner was introduced as a human-grade space capsule aimed at transporting astronauts to and from the International Space Station. This initiative was part of NASA’s Commercial Crew Program, where Boeing signed a $4.2 billion contract in 2014, alongside SpaceX, which received $2.6 billion for its Crew Dragon capsule development. Caleb Henry, director of research
Microsoft recently announced the Recall feature on new PCs with artificial intelligence capabilities, intending to capture screenshots and enable searching through user activity. However, security researchers raised concerns about potential vulnerabilities that could allow attackers to access sensitive data. In response to the security risks identified, Microsoft decided to make the Recall feature off by
In a recent development, the Federal Trade Commission and the Justice Department have announced plans to launch antitrust investigations into tech giants Microsoft, OpenAI, and Nvidia. These investigations will delve into the companies’ influence on the artificial intelligence industry, focusing on their conduct rather than mergers and acquisitions. As emerging startups like OpenAI and Anthropic