Baltimore Ravens coach John Harbaugh expressed respect for the decision of four-time MVP Aaron Rodgers joining the Pittsburgh Steelers, despite his team’s divisional rivalry with their new quarterback. On Friday, Harbaugh acknowledged that he and his team will have to prepare for a challenging matchup against one of the premier teams in the league. With … Read more
A groundbreaking international survey using NASA’s James Webb Space Telescope (JWST) has revealed unprecedented insights into the early universe. COSMOS-Web, led by Rochester Institute of Technology Associate Professor Jeyhan Kartaltepe, has made a treasure trove of early galaxies available to scientists and the public. The team’s full data set, including a catalog and interactive viewer, … Read more
Russia’s Central Bank cut its key interest rate to 20% from a two-decade high of 21%, citing easing inflationary pressures and signs of an economic slowdown. This marks the bank’s first rate cut since September 2022. The move comes amid growing pressure to ease borrowing costs, which businesses claim are stifling investment and growth. The … Read more
The number of initial claims for U.S. unemployment benefits rose to its highest level in eight months, exceeding economists’ predictions of 235,000 new applications. According to the Labor Department, the figure reached 247,000 for the week ending May 31, an increase of 8,000 from the previous week. Despite this uptick, overall filings for unemployment claims … Read more
Senator Elizabeth Warren and Representative Maxine Waters are pushing the Federal Reserve to reverse its recent decision to relax strict guidelines on Wells Fargo’s asset growth. The two Democrats, who serve on influential finance committees, argue that the current plan would lead to increased risk and instability in the financial sector. They urge the Fed … Read more
Researchers at Anthropic, an AI startup, are warning that artificial intelligence (AI) is rapidly advancing and may soon replace up to half of all entry-level office jobs. According to Dario Amodei, the company’s CEO, AI could automate away 50% of all entry-level white-collar jobs within five years. Anthropic experts predict a “drop in white-collar workers” … Read more
US Health Secretary Robert F. Kennedy Jr. announced plans to fast-track approval for rare disease treatments, aiming to make the country the hub of biotechnology innovation. The move comes as other countries, including China, accelerate their drug development processes. Kennedy made the comments during a meeting with industry executives, researchers, and FDA officials. Vinay Prasad, … Read more
EleutherAI, an AI research organization, has released the Common Pile v0.1, a large collection of licensed and open-domain text for training AI models. The dataset took two years to complete in collaboration with AI startups, academic institutions, and other organizations. It weighs 8 terabytes and is used to train two new AI models that rival … Read more
The US added 139,000 new jobs in May, with employment growth concentrated in two sectors: healthcare and restaurant services. When including March and April’s numbers, the total job gain is 406,000 more workers than in February. However, these gains are largely due to strong demand for health services and individual and family services. Employment in … Read more
US import tariffs have led to a record 20% drop in monthly imports, with goods from Canada and China experiencing their lowest levels since 2021 and 2020 respectively. The Commerce Department reported that US purchases from major trade partners fell sharply, contributing to a significant decline in the trade deficit. The decline is attributed to … Read more