Russia is facing a mounting risk of stagflation, a phenomenon where high inflation coexists with economic stagnation or recession, according to a Kremlin-backed think tank. TsMAKP warned that the country’s high interest rates would trigger an economic downturn, despite continued inflation. The tight monetary policy has cost businesses profitability and risks sparking bankruptcies. With inflation … Read more
Palantir Technologies Inc (PLTR) shares rose 3.87% in Thursday’s after-hours session after the company announced its plan to transfer its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. The move is expected to take effect on November 26, and Palantir’s Class A common stock will continue to trade under … Read more
President-elect Donald Trump’s Republican party has secured control of both chambers of Congress, paving the way for his economic agenda to be implemented. The proposed tariffs on imported goods and services are expected to have mixed effects, with some short-term gains in trade deficit reduction but long-term concerns about inflation and economic growth. Tariffs are … Read more
Apple’s latest iPhones, the iPhone 16 Pro and Pro Max, feature larger screens than their predecessors, but are surprisingly lighter due to a titanium build. Here’s how much lighter they are: Compared to the iPhone 14 Pro and Pro Max: – The 6.3-inch iPhone 16 Pro weighs 0.24 ounces less than the 6.1-inch iPhone 14 … Read more
Taiwan Semiconductor Manufacturing Company (TSMC) has reportedly delayed the opening ceremony of its Fab 21 near Phoenix, Arizona, from December 6 to late January or February after Donald Trump takes office. The decision was made due to caution over a stricter approach expected from the new administration. The ceremony’s original planned date included attendees such … Read more
Artificial intelligence (AI) experts predict that human-level AI may arrive as soon as 2026, according to Anthropic CEO Dario Amodei. In a recent interview with podcaster Lex Fridman, Amodei compared the rapid advancements in artificial general intelligence (AGI) to different levels of education, stating that the current progress is comparable to reaching PhD level. Amodei … Read more
President-elect Donald J. Trump has appointed North Dakota Governor Doug Burgum to lead the Interior Department, a move that could further open up federal lands and waters for oil and gas drilling. Governor Burgum, 68, has strong ties to the fossil fuel industry and was instrumental in Mr. Trump’s transition. The Interior Department manages vast … Read more
Apple has introduced several new AI image generation features in its latest iOS update, but with some key guardrails to prevent misuse and misrepresentation. AI-generated images have a troubled track record, with deepfakes being a major concern. However, these issues go beyond just deepfakes. There were recent incidents involving Google’s Pixel Studio app, which created … Read more
Wall Street has taken notice of Donald Trump’s election victory, with stocks rising as investors anticipate tax cuts and deregulation from the president-elect. The “Trump trade” is in full swing, with perceived winners like Tesla and private prison operators seeing significant gains. However, some analysts warn that broad tariffs could hurt company earnings and potentially … Read more
Palantir Technologies Inc. is transitioning its Class A common stock listing from the New York Stock Exchange to the Nasdaq Global Select Market on November 26, 2024. The move will allow the company to continue trading under the symbol ‘PLTR’ and potentially increase market performance. This strategic change aligns with Nasdaq-100 Index eligibility, opening new … Read more