Nvidia’s stock price rose by 3.49% after the company announced a $5 billion investment in rival Intel. The deal includes a 10% stake to the US government. CEO Jensen Huang discussed a new partnership on a joint video call with Intel Chief Executive Lip-Bu Tan, focusing on data center and personal computer processors. Source: https://www.wsj.com/tech/ai/nvidia-ceo-jensen-huang-us-china-relationship-b7d438a7
The Federal Reserve’s latest interest rate cut won’t necessarily lead to lower mortgage rates, according to experts. Despite predictions that mortgage rates would continue to fall following the rate cut, they have remained stable in recent months. The 10-year Treasury yield, which influences mortgage rates, has been relatively flat since mid-July. Inflation concerns and a … Read more
Cincinnati Bengals quarterback Joe Burrow is expected to undergo surgery for a turf toe injury, which may cost him at least three months of playtime. The team’s chances of making the playoffs are now uncertain. Analysts Jeff Reinebold and Neil Reynolds suggest that the Bengals might need to replace Burrow with a backup quarterback like … Read more
Britain’s MI6 is launching a new online portal, Silent Courier, on the dark web to attract potential spies, particularly from Russia. The service uses Tor browser for anonymous access to a secure messaging platform. The launch comes after outgoing chief Sir Richard Moore used a public speech in 2023 to appeal to Russian citizens to … Read more
A website’s access has been blocked due to suspected automation tool usage. This may be caused by: * Javascript disabled or blocked by an ad blocker * Browser not supporting cookies To resolve the issue, ensure that: – Javascript and cookies are enabled in your browser – You’re not blocking them from loading. Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-highs-nvidia-fed-palantir
Pete Buttigieg said he believes in giving Americans more credit than assuming they couldn’t vote for a Black woman and a gay man on the same presidential ticket. He responded to Kamala Harris’ new book that explained why she didn’t pick him as her running mate, saying voters trust leaders based on what they can … Read more
A 21-year-old Black student found hanging from a tree at Delta State University in Mississippi has ignited strong emotions in a state with a history of racist violence. The case has raised questions about the investigation and whether the university had adequate security measures in place. Trey Reed’s family is demanding answers, and his death … Read more
Renowned actor Robert Redford, who passed away at 89, spent much of his life preserving the natural beauty of Utah. He moved to a remote canyon in his mid-20s and bought two acres of land for $500. Over the decades, he acquired thousands more acres and established a ski resort named Sundance after his iconic … Read more
The US government is considering an investment plan to boost the manufacturing sector, which has been struggling lately. The idea is to use money from a $550 billion fund to develop key areas like semiconductors, pharmaceuticals, and energy. This could lead to new factories and infrastructure projects, aiming to jump-start American industry. Note: I simplified … Read more
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