Price Wars Help Spark $157 Billion Rout in China Consumer Stocks
The seemingly relentless decline in prices of Chinese goods amid tepid consumer demand is denting expectations that corporate earnings can revive the flagging stock market.
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BlackRock agrees to buy Adebayo Ogunlesi’s Global Infrastructure Partners for about $12.5 billion
BlackRock Buys Infrastructure Firm GIP for $12.5 Billion in Major Alternatives Push BlackRock Inc. agreed to buy Adebayo Ogunlesi’s Global Infrastructure Partners for about $12.5 billion, vaulting the world’s biggest money manager into the top ranks of investors that make long-term bets on energy, transportation and digital infrastructure.
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We often hear that AI will take our jobs. But what jobs will it create?
* AI is expected to create new fields of work and lead to large expansion in others * A new World Economic Forum white paper, Jobs of Tomorrow: Large Language Models and Jobs, highlights three of these areas. * It says opportunities are likely to rise fastest for AI ‘trainers’, ‘explainers’ and ‘sustainers’. l
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Vulcan Rocket Launches Peregrine 1 In First U.S. Attempt To Land On The Moon In Over 50 Years
The U.S.’ first attempt to put a lander on the moon in more than 50 years blasted off Monday morning, with a private company successfully launching a commercial lander—containing NASA appliances—from Cape Canaveral, amid a reignited global race to explore the lunar surface.
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Amazon and BMW are replacing the driver's manual with AI
This follows a partnership to build a custom chatbot using Alexa as a framework.
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'Decade of wasted opportunity' could follow pandemic, World Bank warns
The global economy is dragging along at growth rates slower than previous decades
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Hong Kong banks fight for deposits with 5% rates, air miles
With rates poised to fall, customers drawn to term deposits. Investors also flock to deposits amid poor stock market return
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Woman sells house, spends $32K to join a 3-year cruise. It was canceled
One company founder sold her house and plunked down $32K to join a three-year cruise where she would work remotely. Then it was canceled
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Cosmetics heir who shuns the spotlight has just become the first woman with a $100 billion fortune
Francoise Bettencourt Meyers became the first woman to amass a $100 billion fortune, marking another milestone for the heiress and for France’s expanding fashion and cosmetics industries.
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2024’s First Observable Meteor Shower Peaks Tonight
The Quadrantids, one of the year’s “best annual meteor showers” of “bright fireball meteors,” according to NASA, peaks tonight into the pre-dawn hours for a short duration of six hours, and the space agency recommends viewers in the Northern Hemisphere, where the meteor shower is best viewed, lie flat with feet facing northeast for the best view.
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