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Thu, Dec 19, 2024 02:53 AM All times are UTC

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Wall Street Jumps on Fed Rate Cut Hopes Driving Tesla and Nvidia Higher

Dec 18, 2024 19:00 pm UTC| Economy Technology

Wall Street rallied Wednesday, buoyed by expectations of a Federal Reserve rate cut. Tesla and Nvidia powered gains as investors looked ahead to the Feds policy outlook and corporate earnings. Wall Street Gains as...

TikTok Challenges Looming Ban in US Supreme Court Showdown Over Free Speech

Dec 18, 2024 18:42 pm UTC| Economy Technology

The US Supreme Court is set to hear TikToks challenge against a law demanding its sale or a nationwide ban by January 19. The case, pivotal for digital rights and national security, raises questions about free speech and...

Nvidia Stock Climbs on Positive Blackwell Update and Signs of GPU Momentum

Dec 18, 2024 18:25 pm UTC| Economy Technology

Nvidia shares rose 2.5 percent early Wednesday as investors reacted to a report showcasing significant production progress on the Blackwell NVL system. The update reinforced expectations for strong GPU momentum in the...

Elon Musk Lights Up Tesla Buzz with $690.42 Price Target and $2 Trillion Market Cap Forecast

Dec 18, 2024 05:13 am UTC| Economy Technology

Tesla shares have skyrocketed, climbing over 85 percent since the election. Elon Musks forecast of a $690.42 share price and a $2 trillion market cap by 2025 has energized the market, fueled by AI and Full Self-Driving...

Lamborghini Pushes EV to 2029 Backing Belief That Luxury Market Still Needs More Time

Dec 18, 2024 04:23 am UTC| Economy Technology

Lamborghini is holding off on its first electric vehicle until 2029, confident that this timing is not too late. The automaker believes its luxury segment will not welcome a full EV much earlier, instead turning its...

Elon Musk Tells Users to ‘Stop Using Hashtags’ on X as Platform Moves Away From Trends

Dec 17, 2024 20:06 pm UTC| Technology Business

Elon Musk, CEO of X (formerly Twitter), has sparked fresh debate on social media after urging users to stop using hashtags. Musk stated that the platforms current system no longer requires them for functionality, adding...

Biden’s $300M Contracts to Reuters ‘Target Elon Musk’ as Federal Agencies Investigate His Companies: Report

Dec 17, 2024 19:40 pm UTC| Politics Technology Business Governance

The Biden administration reportedly awarded $300 million in government contracts to Reuters while 11 federal agencies conducted investigations into Elon Musks companiesTesla, SpaceX, Neuralink, and X (formerly Twitter)....

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Economy

US Healthcare Costs Reached $4.9 Trillion in 2023 as Prescription Drugs and ACA Plans Drove Growth

Healthcare spending in the U.S. surged by 7.5% to $4.9 trillion in 2023, with prescription drug use and Affordable Care Act enrollments driving the rise, a government report revealed. The sector accounted for 17.6% of the...

Fed Delivers Third Rate Cut but Doubles Down on Fewer Moves for 2025

The Federal Reserve announced its third rate cut of the year on Wednesday, trimming the benchmark rate to 4.25 to 4.5 percent. However, officials now expect only two rate cuts in 2025, halving prior forecasts as inflation...

Wall Street Jumps on Fed Rate Cut Hopes Driving Tesla and Nvidia Higher

TikTok Challenges Looming Ban in US Supreme Court Showdown Over Free Speech

Nvidia Stock Climbs on Positive Blackwell Update and Signs of GPU Momentum

Politics

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Congress Approves $895 Billion Defense Bill With ‘Gender-Affirming Care’ Ban for Military Families

The U.S. Congress has approved an $895 billion defense bill that includes a contentious provision restricting access to gender-affirming care for the children of service members. The measure, which forms part of the annual...

Mike Johnson Faces Backlash Over ‘Clean Bill’ Spending Plan as GOP Divisions Widen

House Speaker Mike Johnson is reportedly in discussions to abandon the current spending plan in favor of a clean bill, according to a report by POLITICO. The move, aimed at avoiding a government shutdown, has fueled...

’Ten Commandments Debate’ Heats Up as 18 States Back Louisiana’s Classroom Display Law

Eighteen states have voiced their support for Louisianas controversial law requiring public schools to display the Ten Commandments prominently in classrooms. The legislation mandates that the religious text be posted in a...

Trump’s Team ‘Lays Groundwork’ With Mexico and El Salvador for Mass Deportation Plan

Former President Donald Trumps transition team has reportedly started back-channel discussions with the governments of Mexico and El Salvador to prepare for a massive deportation plan if he returns to office. The effort is...

Science

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Some black holes at the centers of galaxies have a buddy − but detecting these binary pairs isn’t easy

Every galaxy has a supermassive black hole at its center, much like every egg has a yolk. But sometimes, hens lay eggs with two yolks. In a similar way, astrophysicists like us who study supermassive black holes expect to...

Astronomers have pinpointed the origin of mysterious repeating radio bursts from space

Slowly repeating bursts of intense radio waves from space have puzzled astronomers since they were discovered in 2022. In new research, we have for the first time tracked one of these pulsating signals back to its...

How is Donald Trump prioritizing funding for cancer research in 2025?

President-elect Donald Trump has announced a major initiative to prioritize funding for cancer research in 2025, pledging billions in federal support to combat one of the worlds leading causes of death. The plan includes...

How will Donald Trump address renewable energy research funding in 2025?

President-elect Donald Trump has revealed plans to reshape the U.S. renewable energy landscape in 2025, sparking debates about the administrations commitment to combating climate change. While Trumps previous term focused...

Technology

Elon Musk Tells Users to ‘Stop Using Hashtags’ on X as Platform Moves Away From Trends

Biden’s $300M Contracts to Reuters ‘Target Elon Musk’ as Federal Agencies Investigate His Companies: Report

Donald Trump to Allegedly ‘Waive Apple’s China Tariffs’ as He Aims to Stop Samsung From Dominating Global Market

Former President Donald Trump is predicted to waive China tariffs on Apple to protect the U.S. tech giant from losing market share to its South Korean rival Samsung. The claim, made by prominent tech analyst Gene Munster,...

Apple Foldable Future: 2028 Launch Set for 20-Inch iPad With Game-Changing macOS Compatibility

Apple is aiming for a 2028 debut of its foldable iPad, equipped with a 20-inch seamless display and a hybrid iPadOS capable of running macOS apps. This bold innovation could redefine the foldable market and set new...

OpenAI’s ChatGPT Search Takes on Google With Full Rollout to All Users Worldwide

OpenAI has launched its ChatGPT Search product to all users, intensifying its battle with Google in the AI-powered search market. The feature, now available across mobile apps and the web, aims to revolutionize how users...