GE Appliances is investing nearly half a billion dollars in its manufacturing complex in Kentucky, creating 800 new jobs and shifting production of clothes washers from China. The company says the move aligns with its goal to make appliances as close as possible to customers and consumers through its “zero-distance” business strategy. The $490 million … Read more
A luxury megamansion in the Southern Highlands community of Las Vegas has sold for $15.5 million, nearly 20% off its last asking price of $19.75 million. The eight-bedroom home, built in 2020, spans over 18,000 square feet and features a grand entry with an imperial staircase, an oculus skylight, and a full-floor dedicated to entertaining. … Read more
The Federal Reserve has proposed easing a key capital rule for banks, allowing them to hold more low-risk assets such as Treasurys. The enhanced supplementary leverage ratio, also known as eSLR, regulates the quality and quantity of capital banks keep on their balance sheets. The Fed approved the plan on a 5-2 vote, putting it … Read more
The Phoenix Suns received near-consensus A grades for drafting Khaman Maluach, the towering center who fell to them at No. 10 in the NBA Draft. The 7-2 big man brings significant upside and athleticism to the table. Critics praise Maluach’s exceptional mobility, shot-blocking potential, and ability to roll to the basket with ease. While he … Read more
Arab mediators and Israeli hostage families are making a renewed push for a ceasefire in the Gaza Strip, citing Israel’s successful strikes on Iran and a US-brokered ceasefire as leverage to convince Prime Minister Benjamin Netanyahu to bring an end to the 20-month conflict. Hostages from the 251 taken by Hamas remain at large in … Read more
Nvidia has announced its new GeForce RTX 5050 GPUs, which support ray tracing and DLSS 4 with Multi Frame Generation, for both desktops and laptops. The RTX 5050 starts at $249 for desktops, featuring 8GB of last-gen GDDR6 VRAM and 2,560 CUDA cores. Laptops with the RTX 5050 card will start at $999, drawing up … Read more
The State of Connecticut’s Mosquito Management Program has reported its first positive tests for West Nile virus in Bridgeport on June 11. This marks an early detection, the earliest in the last 25 years, and is expected to put more mosquitoes at risk of amplifying the virus. According to Philip Armstrong, lead scientist at the … Read more
A heatwave is expected to hit Massachusetts, with temperatures potentially reaching 100 degrees tomorrow. Mayor Michelle Wu has declared a heat emergency in Boston through tomorrow. Meanwhile, mosquito-borne illnesses are rearing their head in the state, with West Nile virus detected for the first time this year in Shrewsbury. State epidemiologist Dr. Catherine Brown said … Read more
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Royal Dutch Shell has denied it is considering buying BP, citing UK rules that ban its bid for the next six months. The denial comes after a Wall Street Journal report citing sources about ongoing talks between the two companies. BP’s share price has underperformed its peers in recent years, with the company facing challenges … Read more