The personal consumption expenditures price index (PCE), the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate. Excluding food and energy, core PCE also rose 0.3% for the month and was at 2.6% annually. The slight easing of inflation is attributed to concerns over President Donald Trump’s tariff … Read more
Austria has formed a new centrist government without the far-right Freedom Party, which won an election in September. The conservative Austrian People’s Party, center-left Social Democrats, and liberal Neos agreed on a program for a coalition after weeks of negotiations. Christian Stocker, the new People’s Party leader, is set to become chancellor. He spent his … Read more
Israel has presented a plan to the UN and aid organizations for governing Gaza, which includes tighter control over the territory than before, casting doubt on whether Prime Minister Benjamin Netanyahu’s government intends to carry out a military withdrawal. The plan involves distributing aid through tightly managed logistics hubs to vetted Palestinian recipients. A similar … Read more
OpenAI is launching its latest model, GPT-4.5, claiming it as the “largest and most knowledgeable model yet.” However, critics are not impressed. The company’s expectations seem to be tempered by experts who have called the model a “nothingburger” or a “lemon.” GPT-4.5 is significantly more expensive than its predecessor, GPT-4o, priced at $75 per million … Read more
Nvidia’s stock price fell 8.5% on Thursday, reaching its lowest point in a month, as investors worry about the company’s growth outlook amidst the AI spending boom. A massive bearish bet was made by a trader who bought over 300,000 contracts expecting Nvidia’s shares to drop to $115 by March 7, representing a 12% decline … Read more
The Social Security Administration (SSA) is set to lay off at least 7,000 employees from its workforce of 60,000, with some estimates suggesting the cuts could be as high as 50%. The reductions are part of President Trump’s administration efforts to shrink the federal workforce. According to sources familiar with the agency’s plans, SSA will … Read more
The US Embassy in Bangkok has issued a security alert for its citizens in Thailand following the deportation of 40 Uyghurs to China. The alert comes a day after the deportation, which was widely condemned by Washington. Similar incidents in the past have led to violent retaliatory attacks, as seen in 2015 when Uyghurs were … Read more
A recent surge in traffic has caused a significant increase in “too many requests” errors on various websites and online platforms. This error message is typically displayed when the server is unable to handle the volume of incoming requests within a certain timeframe. The cause of this issue is often attributed to excessive website traffic, … Read more
Rockstar Games’ highly-anticipated Grand Theft Auto 6 (GTA 6) is set to launch in 2025, according to recent leaks and reports. The game’s release date is expected to be on September 17, 2025, although it may be delayed for PC gamers until 2026. The standard version of GTA 6 will reportedly cost around $5,999 in … Read more
This year’s Academy Awards are shaping up to be a nail-biter, with four top contenders vying for the best picture prize. The epic drama “The Brutalist” was once considered a lock for the top prize but has seen its stock drop after losing at two recent ceremonies. Meanwhile, “Anora”, a comedy-drama about a sex worker … Read more