Month: September 2024
Take a look inside a $1.1 million ‘zero emissions’ home
Key Points The White House in June issued guidelines that defined standards for a “zero emissions” building. Morgan Wojciechowski’s Williamsburg, Virginia, home is among the first to receive that label. Residential and commercial buildings account for almost a third of U.S. greenhouse gas emissions. Source
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Warner Bros. Discovery partners with Google for AI-generated captions on Max streaming service
Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery is partnering with Google to integrate the internet giant’s AI technology into its Max video streaming platform to automatically generate captions. The two companies said they were working to make Max’s captions more accurate using a new caption-generation tool, which is being referred to internally […]
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Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion
Smartsheet CEO Mark Mader. Source: Smartsheet Collaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion. Stockholders will receive $56.50 per share, a 41% premium to Smartsheet’s average closing price over the last three months. The company had been gauging […]
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Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation
Key Points Fed Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut. The jumbo cut “could be interpreted as a premature declaration of victory on our price-stability mandate,” she said in remarks to a bankers’ group in Kentucky. Source
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JPMorgan CEO Jamie Dimon warns ‘geopolitics is getting worse’
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | Reuters A year after Jamie Dimon named geopolitics as the world’s biggest risk, JPMorgan Chase‘s CEO sounded the alarm again, […]
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5 things to know before the stock market opens Tuesday
Here are the most important news items that investors need to start their trading day: 1. Inching higher U.S. stocks climbed again Monday as investors digest the Federal Reserve’s major rate cut last week. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all rose only modestly, as the 30-stock Dow notched another record […]
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‘They knew and they lied’: California sues ExxonMobil, alleging deception about plastics recycling
California’s attorney general sued ExxonMobil on Monday, alleging that the company had waged a “campaign of deception” for decades to mislead consumers and convince them that recycling was a viable solution for plastic waste. The lawsuit, filed in Superior Court of California in San Francisco, says ExxonMobil promoted recycling as a “cure-all for plastic waste,” even […]
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Novo Nordisk CEO to testify at Senate hearing over high weight loss drug prices
Lars Fruergaard Jørgensen, CEO of Novo Nordisk, speaks during an interview in New York on Aug. 10, 2022. Christopher Goodney | Bloomberg | Getty Images Novo Nordisk‘s top executive is slated to face a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand […]
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Microsoft’s GitHub gives clients option to keep sensitive code in EU only, in data sovereignty push
Microsoft-owned GitHub says that 90% of the world’s open-source projects are stored on its code repository platform. Jonathan Raa | Nurphoto via Getty Images Microsoft-owned developer platform GitHub on Tuesday said it is giving enterprise users the ability to limit the storage of their sensitive software code to data centers located in the European Union. […]
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Israel and Hezbollah carry out new attacks amid fears of wider conflict
Israel struck Hezbollah targets in southern Lebanon and its Iran-backed foe attacked military facilities in northern Israel on Tuesday, increasing fears of a full-blown conflict after Lebanon suffered its deadliest day in decades. Israel’s military said it hit dozens of Hezbollah targets overnight, a day after carrying out airstrikes against the armed group which Lebanese […]
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