The stock market experienced a mixture of gains and losses during the recent trading session, prompted by the release of the latest Consumer Price Index (CPI) data. The S&P 500 managed to edge higher, closing with a modest gain of 0.38%. The initial optimism stemmed from the fact that the headline July CPI figure came
20th Century Studios/Disney’s Alien: Romulus is making waves in the box office with a worldwide opening projected to reach $100 million, a figure significantly higher than initially anticipated. The success of this Fede Alvarez-directed sci-fi horror film can be attributed to its strong performance at the international box office, particularly in China. Despite pre-weekend projections,
SpaceX is gearing up to launch its groundbreaking Polaris Dawn mission, marking the first-ever private attempt to have astronauts perform a spacewalk. This pivotal mission, purchased by billionaire Jared Isaacman as part of his Polaris Program, is scheduled to take off from Florida on August 26th, ushering in a new era of space exploration. Breaking
In the age of advancing technology, the question of “What is a thought?” is evolving beyond a mere philosophical inquiry. With the ability to measure and track brainwaves, our thoughts have become quantifiable data that can be bought and sold by companies in the wearable consumer tech industry. Companies are producing products like sleep masks,
In a recent decision, the 9th U.S. Circuit Court of Appeals in San Francisco upheld an injunction that blocked a California law designed to protect children from harmful online content. The law, known as the California Age-Appropriate Design Code Act, required businesses to create reports addressing potential risks to children on their online platforms and
United Auto Workers President Shawn Fain has recently taken aim at Stellantis CEO Carlos Tavares in a video, accusing him of engaging in price gouging practices and failing to adhere to certain parts of the union’s labor contract with the automaker. Fain’s comments highlight a growing tension between the CEO and the union leader following
Alan Taylor, a renowned economics professor with expertise in international economics and financial crises, has recently been appointed to the Bank of England’s Monetary Policy Committee. Originally from the northern English city of Wakefield, Taylor has an impressive academic background, having studied at the University of Cambridge and receiving a doctorate in economics from Harvard
Deutsche Bank’s attempt to settle with shareholders over the underpayment related to the acquisition of Postbank has been met with sharp criticism from the plaintiffs’ lawyer. The offer of 36.50 euros per Postbank share has been labeled as a “crackhead” offer that is deemed “dead on arrival” by Jan Bayer, the lawyer representing the plaintiffs.
Rocket Lab, a space company, is seeing a surge in its stock price, jumping more than 16% and hitting a 52-week high after shipping two Mars-bound spacecraft to Cape Canaveral, Florida. This significant milestone is a major accomplishment for the company, showcasing its capabilities in designing, building, integrating, and testing spacecraft for prestigious clients such
The recent movement in U.S. Treasury yields can be attributed to the data showing a resilient U.S. consumer and lower inflation trends. This has provided the Federal Reserve with some leeway for a potential small rate cut in the upcoming months. The panic that ensued due to a spike in the unemployment rate, which led