Market Business News

16/11/2024

🧠🤖 Humans vs. AI: Who Works Better Together or Alone?

A groundbreaking MIT study reveals:

Creativity Boost: Human-AI teams shine in creative tasks like marketing, music, and content creation. 🎨💡

Decision-Making Dilemma: AI often outperforms human-AI teams in decision-making scenarios. 🧑‍⚕️📈

Should we team up with AI or go solo? The answer depends on the task!

Researchers examined many different study results to find out whether humans and AI work better together on on their own.

25/09/2024

Coca-Cola is discontinuing its Coca-Cola Spiced soda, less than a year after its introduction as a permanent flavor in North America.

25/09/2024

Mark Zuckerberg’s net worth has soared to $200 billion, placing him in the exclusive $200 billion club alongside Tesla CEO Elon Musk and Amazon founder Jeff Bezos.

Mark Zuckerberg now has a net worth of more than $200 billion. He is well on the way to becoming the world's wealthiest person.

24/09/2024

OpenAI has launched a new initiative aimed at expanding access to artificial intelligence (AI) technology and expertise across low- and middle-income countries (LMICs).

The OpenAI Academy, introduced in September 2024, offers developers and mission-driven organizations a suite of resources, including technical guidance, training, and $1 million in API credits. These tools are designed to foster innovation in areas such as healthcare, agriculture, education, and finance​​.

The OpenAI Academy offers developers a suite of resources, including technical guidance, training, and $1 million in API credits.

24/09/2024

The U.S. Federal Reserve’s (Fed) recent decision to cut interest rates by a larger-than-expected 50 basis points is sparking discussions about its potential impact on the economy.

This rate cut, which lowered the benchmark rate from a range between 5.25% and 5.5% to between 4.75% and 5%, marks a significant step aimed at addressing both inflation and a softening labor market.

The US Fed's large interest rate cut sparked optimism. However, there is still some fear whether a recession might come.

23/09/2024

As pay transparency becomes more common in workplaces, people are showing a preference for working alongside higher-paid colleagues but are more likely to hire subordinates with a lower pay history than their own.

This intriguing behavior was revealed in a study published in American Psychologist (citation below) and led by researchers Kevin Kniffin and Angus Hildreth from Cornell University.

A study found that employees prefer higher paid colleagues. However, they want their subordinates to earn less than they do.

22/09/2024

Microsoft has signed a 20-year agreement with Constellation Energy to secure a stable supply of carbon-free power for its data centers

Microsoft partners with Constellation to revive Three Mile Island, powering AI with carbon-free energy and boosting Pennsylvania's economy.

20/09/2024

The Bank of Japan (BoJ) has opted to keep its key interest rate unchanged at 0.25%, maintaining a cautious approach as it continues to monitor the economy’s recovery. This decision, made during the September Monetary Policy Meeting, reflects the BoJ’s confidence in Japan’s moderate recovery, despite global uncertainties and market volatility. The decision comes after the U.S. Federal Reserve cut its key rate for the first time in over four years on Wednesday.

The BoJ has kept interest rates unchanged, signaling cautious optimism on economic recovery and inflation amid global uncertainties.

20/09/2024

On Thursday, U.S. stock markets hit record highs, fueled by investor optimism after the Federal Reserve’s decision to cut interest rates by half a percentage point. This marks the Fed’s first rate reduction of this scale in four years, lowering rates from their 23-year peak.

U.S. stock markets soared to record highs as the Fed's half-point rate cut boosted investor confidence, with tech stocks leading the rally.

16/09/2024

Apple is reportedly preparing for a significant product launch event in the coming weeks. According to Bloomberg’s Mark Gurman, Apple will soon announce its first lineup […]

12/09/2024

The ECB lowers interest rates to 3.5% as inflation cools and Eurozone growth weakens, marking its second rate cut this year.

12/09/2024

Inflation slowed to 2.5% in August 2024, the lowest annual rate since February 2021, offering some relief to consumers.

US inflation slowed to 2.5% in August 2024, the lowest since 2021, signaling a potential rate cut by the Federal Reserve.

11/09/2024

U.S. airlines must soon provide cash compensation for delays of more than three hours.

New rules will require U.S. airlines to compensate passengers for delays, cancellations, and provide automatic refunds in 2025.

11/09/2024

The PS5 Pro, launching November, offers enhanced graphics and performance but faces backlash due to its $700 price and lack of new features.

10/09/2024

Apple has lost its long-standing legal battle with the EU over a €13 billion tax bill, marking the conclusion of a decade-long dispute.

10/09/2024

China's exports surged by 8.7% in August, while imports grew by just 0.5%. The country's trade surplus widened to $91 billion.