The US Department of Energy finalized billions of dollars in financing for electric vehicle maker Rivian Automotive Inc. and hydrogen company Plug Power Inc. just days before President-elect Donald Trump returns to the White House. Rivian received $6.6 billion in financing to construct a Georgia manufacturing plant, while Plug Power will get a $1.66 billion … Read more
Jensen Huang, co-founder and CEO of Nvidia, has been predicting a 15-30 year timeline for “very useful” quantum computers. However, Dr. Alan Baratz, CEO of D-Wave Quantum, strongly disagrees with this assessment. At the recent CES expo in Las Vegas, Huang stated that it could take up to 15 years for quantum computers to become … Read more
Kate Middleton, the Princess of Wales, announced Tuesday that her cancer is in remission, less than a year after announcing her diagnosis. The 43-year-old princess shared the update on X, writing she is “relieved to now be in remission and remains focused on recovery.” Kate had undergone chemotherapy since March and recently completed treatment, with … Read more
Researchers have made a breakthrough in restoring sense of touch and tactile sensation to individuals with hand paralysis using electrical brain stimulation. Two people who suffered from paralyzed hands regained their ability to feel objects and shape, offering hope for future therapeutic applications. This innovative approach could potentially enable individuals with spinal cord injuries to … Read more
Bank of America (BAC) and Morgan Stanley (MS) have topped Q4 earnings, sending their stocks soaring. The strong results come as bank earnings continue to roll in. Bank of America reported earnings of 82 cents per share, more than doubling from last year’s 35 cents. Revenue increased 15% to $25.3 billion, beating analyst expectations of … Read more
Donald Trump’s policy on tariffs is one that markets care about the most. This is due to its potential impact on equities through prices and bonds through currencies. However, with the president-elect having made many inconsistent statements on the topic, investors are left to speculate what his actual stance will be. Trump has assembled a … Read more
Bank of America’s fourth-quarter results surpassed expectations, driven by a 44% surge in investment banking fees and a 15% increase in revenue. The company reported a profit of $6.67 billion, or 82 cents per share, more than doubling from the same period last year. The firm’s net interest income rose 3%, exceeding estimates by about … Read more
Wisconsin health officials have reported their first influenza-associated death of a child this season, according to the Department of Health Services (DHS). The child, from the northern part of the state, had underlying illnesses that made them more susceptible to complications. The announcement comes as respiratory illness activity remains high in Wisconsin. DHS partners with … Read more
China’s population has continued to fall for the third year in a row, with a decline of 1.39 million over the past 12 months, according to the National Bureau of Statistics (NBS). This marks a steady decrease since the 1980s and a significant shift from the country’s earlier efforts to slow down the declining birthrate. … Read more
The recent ceasefire agreement between Israel and Hamas appears to have finally been reached just as President Joe Biden is set to leave office, with Donald Trump set to take credit for his involvement. While Biden’s team credits their painstaking diplomacy for the deal, there is widespread agreement among diplomats and officials that Trump-related factors … Read more