The dollar is unlikely to experience significant movement even if the Federal Reserve signals its intention to slow down interest-rate cuts, according to Bank of America. The reason behind this lies in the potential impact of the central bank’s statements on inflation and employment concerns. When discussing a possible slowdown in interest-rate reductions, the Fed … Read more
Broadcom has joined the exclusive club of technology companies worth over $1 trillion in market value, after its stock surged 24% last Friday following the release of its financial results for fiscal 2024. The company’s artificial intelligence (AI) revenue, which includes custom chips and networking equipment for data centers, increased by a whopping 220% to … Read more
The San Francisco 49ers have suspended linebacker De’Vondre Campbell for three games due to his refusal to enter the field in a recent game against the Los Angeles Rams. The team, already struggling with injuries and a poor playoff outlook, deemed Campbell’s actions as “conduct detrimental to the team.” Campbell was summoned to replace injured … Read more
A poultry farm in Ottawa County, Michigan has been hit by highly pathogenic avian influenza (HPAI), also known as bird flu. The disease was detected during an investigation by the Michigan Department of Agriculture and Rural Development (MDARD) on December 16. This is the first time HPAI has been detected in a Michigan poultry flock … Read more
The Game Awards brought unexpected attention to a mysterious cat-based open-world adventure, Catly, which left gamers stunned after its trailer was showcased at the event. The game’s unusual visuals and tone sparked heated debates online, with some fans speculating it could be an elaborate pro-NFT/Web3 project. Catly’s official Steam page features AI-inspired descriptions, while the … Read more
Samsung has begun rolling out the One UI 7 Beta to select countries, starting with India. The update is available on Galaxy S24 devices that applied through the Samsung Members app in Germany, India, Korea, Poland, the United Kingdom, and the United States. One UI 7 brings several notable features, including an AI-powered assistant, call … Read more
For the first time in two decades, Germany is holding early snap elections. The country’s governing coalition collapsed last month due to a bitter dispute over its budget. Chancellor Olaf Scholz lost the vote of confidence he called himself, setting the stage for an early election. This marks the first time since 2002 that Germany … Read more
Google has temporarily blocked access to its services after a large number of requests were made from a single IP address within a short period. This is considered a common method used by hackers and spammers to overload systems, making it difficult for legitimate users to access the websites. The IP blockage prevents further requests … Read more
Mergers and acquisitions bankers are cautiously optimistic about the future after a 16% increase in global transaction values, reaching $3.1 trillion this year. The recovery comes two years after a decline in M&A activity. A second Trump presidency poses both risks and rewards for dealmakers. Some predict it could boost M&A activity, while others believe … Read more
The Federal Reserve is expected to make its third consecutive interest rate cut this week, according to economists polled by financial data firm FactSet. The decision will be made on December 17-18, and the central bank’s benchmark rate is likely to decrease by 0.25 percentage points to a range of 4.25% to 4.5%. The Fed … Read more