SpaceX’s Falcon 9 rocket recently faced an unexpected setback, leading to the grounding of the vehicle pending an incident investigation. The incident occurred during the “Starlink Group 9-3” mission, where the rocket was supposed to launch 20 satellites into low Earth orbit. While the lower first stage of the rocket performed as expected, the upper
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The official trailer for Paramount’s Gladiator II has taken the internet by storm, garnering an impressive 128M views in the first 24 hours across various platforms such as Instagram, TikTok, Facebook, YouTube, and more. This outpaced the 24-hour post trailer debut traffic of the studio’s own Top Gun: Maverick, which previously held the record with
Investors in the U.S. stock market are facing a period of uncertainty as inflation shows signs of cooling. Despite softer-than-expected inflation readings for June, concerns about growth cooling persist. The Consumer Price Index (CPI) grew at a slower rate than anticipated, with headline CPI increasing by 3% year-on-year and core CPI growing by 3.3%. As
The National Football League is exploring the idea of allowing minority private equity ownership for its 32 teams, with a cap of up to 10% ownership stake. This consideration comes at a time when the landscape of sports ownership is evolving, and the NFL wants to ensure that its policies are in line with the
Elon Musk’s brain tech startup, Neuralink, has been making waves in the field of brain-computer interfaces (BCIs). Recently, Musk announced that the company hopes to implant its system in a second human patient within the next week. However, after encountering hardware problems with their first participant, the company is striving to make necessary changes to
New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), made a decision to keep the cash rate steady at 5.5% on Wednesday. This decision was in line with the expectations of economists, however, the accompanying commentary indicated a potentially less restrictive monetary policy in the future if inflation slows as predicted. RBNZ’s Commentary
The U.S. stock index futures have been going through a period of growth, with semiconductor and megacap technology stocks leading the way in the recent rally. The S&P 500 and Nasdaq have reached record highs, showcasing the ongoing positive sentiment in the equity market. The Philadelphia semiconductor index saw a significant rise, indicating the strong
Recent reports indicate that Germany’s government has been actively selling significant amounts of bitcoin, resulting in a notable sell-off in the cryptocurrency market. The German Federal Criminal Police Office, commonly known as the Bundeskriminalamt (BKA), initiated the sale by disposing of 900 bitcoins in June and followed it up with the sale of an additional
A rally in chip stocks lifted the Nasdaq and S&P 500 to record highs on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome Powell and the start of quarterly earnings season. This surge was led by companies such as Nvidia (NASDAQ:NVDA), Super Micro Computer (NASDAQ:SMCI), and Intel (NASDAQ:INTC). The market
Recent reports have revealed that the CEO of British fintech company Revolut, Nikolay Storonsky, is looking to cash in on a portion of his multibillion dollar stake in the company. This decision comes as part of a $500 million share sale, signaling a significant financial shift within the organization. The Financial Times had previously hinted
Aidan Gomez’s journey in the field of artificial intelligence has been nothing short of remarkable. Starting as an intern at Google Brain, Gomez played a pivotal role in co-authoring the groundbreaking “Attention Is All You Need” paper, which introduced the revolutionary transformer model to the world. His work has since led to the widespread adoption
The semiconductor industry is currently facing a myriad of challenges in recruiting skilled workers amid a tight labor market. As the competition for talent continues to intensify and funds from the CHIPS and Science Act are allocated to boost domestic production, companies in the industry are finding it increasingly difficult to find qualified individuals to
The stars of Deadpool & Wolverine, Ryan Reynolds and Hugh Jackman, along with director Shawn Levy, recently embarked on an overseas promotional tour, starting in Shanghai. The trio met with a packed house in Shanghai after showing 35 minutes of the movie. They shared behind-the-scenes stories about the project, which reportedly elicited constant laughter and
China is currently in discussions with the European Union regarding the planned tariffs on imported Chinese electric cars. The European Commission has warned that if an agreement is not reached, additional duties will be imposed on Chinese EVs starting July 4th, with definitive measures taking effect a few months later. The Ministry of Commerce in