World
Stock market setting itself up for disappointment as it hits all-time high ahead of the Fed
The stage is set for the Federal Reserve to cut interest rates Wednesday, and the stock market may just be positioning itself for a letdown. Last week, markets expected a quarter-point rate cut and were just happy that the Fed was starting the cutting cycle. Since then, stocks have ramped up to an all-time high, […]
Read More
Snap unveils latest AR glasses despite ongoing struggles in core ad business
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap on Tuesday announced the fifth generation of its Spectacles augmented reality glasses that can overlay digital graphics onto the physical […]
Read More
Sean ‘Diddy’ Combs faces racketeering and sex trafficking charges. Read the indictment
Sean “Diddy” Combs attends the REVOLT X AT&T 3-Day Summit In Los Angeles – Day 1 at Magic Box on October 25, 2019 in Los Angeles, California. Phillip Faraone | Getty Images Sean “Diddy” Combs used his fame as one of the biggest names in hip-hop to coerce women into engaging in demeaning sex acts […]
Read More
S&P 500 jumps to record ahead of key Fed decision on interest rates: Live updates
Traders work on the floor of the New York Stock Exchange. Brendan Mcdermid | Reuters The S&P 500 hit a record high Tuesday as the market awaited the Federal Reserve’s key interest rate cut decision. The broad market index was last up 0.4% at the 5,650 level, after earlier touching a new record high of […]
Read More
Hezbollah members among hundreds wounded after pagers explode in Lebanon and Syria, officials say
An ambulance rushes wounded people to a hospital in Beirut on September 17, 2024, after explosions hit locations in several Hezbollah strongholds around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters. Anwar Amro | Afp | Getty Images Hundreds of handheld pagers exploded near simultaneously across Lebanon and in parts of Syria on […]
Read More
Instagram to automatically put teens into private accounts with increased restrictions and parental controls
Teenagers on Instagram will soon be automatically placed in a new type of account with built-in privacy restrictions that give parents more control. On Tuesday, Meta, the social media platform’s parent company, will begin rolling out its “teen accounts” feature, which aims to put all teens — including those who may try to lie about […]
Read More
The Apple Watch Series 10 offers mostly minor upgrades, but faster charging is a big plus
The Apple Series 10 is displayed during an event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023. Loren Elliott | Reuters The new Apple Watch Series 10 hits stores on Friday. I’ve been testing it for the past five days, and there are enough refinements to appeal to first timers and those […]
Read More
Fed to cut rates by a quarter point with a soft landing expected, according to CNBC Fed Survey
Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images With considerable uncertainty about what the Federal Reserve will do at its meeting this week, respondents to the CNBC Fed Survey are forecasting a more gradual approach to rate cuts than is currently priced into markets. The survey shows 84% of the 27 respondents, including […]
Read More
European stocks higher with central bank decisions in focus; Commerzbank shares hit 12-year high
Tourists are visiting the center of Munich in Munich, Germany, on July 21, 2024. Nurphoto | Getty Images LONDON — European stocks were higher Tuesday, as upcoming central bank meetings remain in focus. The pan-European Stoxx 600 index was 0.75% by 11:10 a.m., with all major bourses and virtually all sectors in the green. Banks […]
Read More
Big AI models will be commoditized — the value will come from the applications, Infosys chair says
Massive artificial intelligence models built by the likes of OpenAI will eventually become commoditized with the next wave of value in the technology coming from the applications that are built on top of the models, the co-founder and chair of Infosys told CNBC on Tuesday. Large language models are the AI models trained on amounts […]
Read More