Salesforce, an enterprise software giant, is set to report third-quarter earnings, which could impact its stock performance. Despite a volatile past earnings report in August, analysts expect the company’s adjusted profit to rise 16% and revenue to grow 7%. The stock has held above its 21-day exponential moving average, a key short-term support level. Other … Read more
The stock market rally continued its strong momentum in a holiday-shortened week, with the Dow Jones, S&P 500, and Russell 2000 all hitting record highs. The Dow Jones surged 7.5% for the month of November, while the Nasdaq jumped 6.2%. Tesla’s shares rose on Friday after Elon Musk hinted at self-driving technology advancements. The market’s … Read more
NVIDIA Corporation (NVDA) is facing uncertainty as tech giants’ AI scaling strategies come under scrutiny. The company, which provides graphics, computing, and networking solutions, has seen its chips being deployed at larger scales by its customers to improve their AI models. However, concerns have grown over the past few months about NVIDIA’s progress in this … Read more
A new study published by University College London (UCL) researchers has found that large language models (LLMs) can predict the outcomes of neuroscience studies with an accuracy of 81%, outperforming human experts who achieved only 63% accuracy. Researchers developed a tool called BrainBench to test LLMs and human experts on identifying real versus fabricated study … Read more
Carma Labs, the manufacturer of Carmex and other lip care products, is set to move into its new headquarters in Franklin. The company will occupy a 225,000-square-foot building located at 9410 S. 76th St., which features 195,000 square feet of manufacturing space and 30,000 square feet of office space. The new facility marks the culmination … Read more
President-elect Donald Trump has chosen Kash Patel to lead the FBI, sparking widespread criticism from Democrats and national security experts. Patel, a loyalist of Trump’s, has vowed to use his position to exact revenge on those who opposed him during the campaign. Patel will replace Christopher Wray, who still has three years left on his … Read more
Scott Bessent, a South Carolina billionaire and advocate for deficit reduction and deregulation, has been chosen by President-elect Donald Trump to serve as his next treasury secretary. If confirmed by the Senate, Bessent will manage the nation’s finances. Here are four key things about Bessent: * He worked for George Soros and donated to Democratic … Read more
US mortgage rates held steady this week, following President-elect Donald Trump’s Cabinet picks. The average 30-year mortgage rate decreased slightly to 6.81%, down from 6.84% a week earlier. Interest rates have been in the 6.8% range for four consecutive weeks. Freddie Mac’s chief economist, Sam Khater, attributed the flat rates to market uncertainty about Trump’s … Read more
Medicare’s prescription benefit, known as Part D, is set to undergo significant changes in 2025. The new rules aim to help Americans manage the cost of medications and make the program more sustainable. The changes include a new smoothing option that allows enrollees to spread their co-pays for drugs covered by Part D over a … Read more
A new study published in Psychology of Sport and Exercise has found that brain endurance training (BET) can significantly improve cognitive and physical performance in older adults, reducing the risk of falls and accidents. Researchers at Universities of Birmingham, UK, and Extremadura, Spain, conducted a 8-week experiment involving 24 healthy sedentary women aged between 65-78 … Read more