Blog - Viral News

11Oct

By Aditi PawarNo Comments

Business

Outlook for October 14-18, 2024

The upcoming earnings season could decide what's next for stocks. The S & P 500 and Dow Jones Industrial Average are at all-time highs after a strong jobs report last week and some cooler inflation data this week raised investor confidence in equities. Tech stocks outperformed this week, with the sector up 2%, as investors rotated back into risk-on assets. Nvidia advanced more than 7%. And, with earnings season set to ramp up, that could mean further gains. On a median basis, the S & P 500 advances 2% in the first four weeks of a given reporting period, according to a note this week from Oppenheimer. Already, on Friday, JPMorgan Chase and Wells Fargo were rallying in midday trading after reporting their latest results this week, an auspicious start to the earnings season. Still, in...

Trudeau says ‘we’re ready’ for CUSMA review after Trump vows to reopen it – National

11Oct

By Aditi PawarNo Comments

Politics

Trudeau says ‘we’re ready’ for CUSMA review after Trump vows to reopen it – National

Prime Minister Justin Trudeau said Friday that Canada is “ready” for a likely renegotiation of the Canada-United States-Mexico Agreement (CUSMA) after Donald Trump vowed to reopen the free trade deal if he returns to the White House. Trump told the Detroit Economic Club on Thursday that he will invoke the six-year review clause under the agreement and seek new protections for the American auto industry from Chinese interests. U.S. Vice-President Kamala Harris, who’s running against Trump in November’s election, has also said she intends to review the pact.Speaking to reporters in Laos at the end of this week’s ASEAN Summit, Trudeau said his government will continue to defend Canadian workers and industries as it did during the tense negotiations with the first Trump administration that led...

Nvidia-backed CoreWeave picks up $650 million credit line

11Oct

By Aditi PawarNo Comments

Business

Nvidia-backed CoreWeave picks up $650 million credit line

In this photo illustration, a Core Weave logo is displayed on a smartphone with stock market percentages on the background.Omar Marques | SOPA Images | Lightrocket | Getty ImagesCoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio.The cloud infrastructure company said it's raised $12.7 billion from equity and debt investors in the past 18 months, including a $1.1 billion round in May at a $19 billion valuation.By the end of 2024, CoreWeave plans to have 28 data centers across the U.S. and abroad — including locations in Austin, Texas, Chicago, Las Vegas and London — and it plans to build another 10 data centers in 2025. In the past, Co...

How ‘loss of use coverage’ can help with costs after a natural disaster

11Oct

By Aditi PawarNo Comments

Business

How ‘loss of use coverage’ can help with costs after a natural disaster

Mobile homes surrounded by flood water after Hurricane Milton made landfall, in St. Petersburg, Florida, U.S. October 10, 2024.Octavio Jones | ReutersIf your home is temporarily uninhabitable after a natural disaster, a provision in your homeowners or renters insurance policy may help you with new lodging and other living expenses.Insured wind and flood damage from Hurricane Helene is estimated to be up to $17.5 billion, according to CoreLogic, a real estate data site. Insured losses from Hurricane Milton could range from $30 billion to $60 billion, per Morningstar DBRS.Homeowners and renters affected by a natural disaster can ask about so-called "loss of use" or "additional living expenses" coverage from their insurance providers, experts say.The provision is meant to help cover reasonabl...

UN inquiry accuses Israel of crime of ‘extermination’ in Gaza

11Oct

By No Comments

World News

UN inquiry accuses Israel of crime of ‘extermination’ in Gaza

m By Emma Farge for Reuters Palestinian forensic and civil defence recover human remains at the grounds of Al-Shifa hospital, Gaza's largest hospital, which was reduced to ashes by a two-week Israeli raid. Photo: - A United Nations inquiry says it found that Israel carried out a concerted policy of destroying Gaza's healthcare system in the Gaza war, actions amounting to both war crimes and the crime against humanity of extermination. A statement by former UN High Commissioner for Human Rights Navi Pillay that accompanied the report accused Israel of "relentless and deliberate attacks on medical personnel and facilities" in the war, triggered by Hamas militants' deadly cross-border attack on southern Israel on 7 October, 2023. "Children in particular have borne the brunt of these att...

11Oct

By Aditi PawarNo Comments

Business

Producer price index September 2024:

A measure of wholesale prices showed no change in September, pointing to a continued easing in inflation, the Labor Department reported Friday.The producer price index, which measures what producers get for their goods and services, was flat for the month and up 1.8% from a year ago. Economists surveyed by Dow Jones had been looking for a monthly gain of 0.1% after August's increase of 0.2%.Excluding food and energy, the PPI rose 0.2%, meeting expectations, and was up 2.8% from a year ago.The report comes a day after the Labor Department reported that the consumer price index, a more widely followed inflation measure that shows what consumers actually pay for goods and services, had an increase of 0.2% for the month and 2.4% from a year ago.Markets showed little immediate reaction to the d...

King Charles pays tribute as Auschwitz survivor Lily Ebert dies, aged 100

11Oct

By No Comments

World News

King Charles pays tribute as Auschwitz survivor Lily Ebert dies, aged 100

Holocaust survivor Lily Ebert (left) stands with her great-grandson Dov Forman after being appointed a Member of the Order of the British Empire following an investiture ceremony at Windsor Castle, on 31 January, 2023. Photo: AFP / Pool / Andrew Matthews King Charles has paid tribute to the "extraordinary resilience and courage" of Auschwitz survivor Lily Ebert, who has died at the age of 100. Ebert, born in Hungary, was taken in 1944 as a 20-year-old to the Auschwitz-Birkenau camp, where her mother, younger sister, and brother were sent to the gas chambers. Along with three of her other siblings, she managed to survive. They were freed in 1945 and reunited in Switzerland before eventually heading to Israel. She later settled in London in 1967, where in her later years she became well k...

The best no-fly bike routes for a chic cycle holiday

11Oct

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Life Style

The best no-fly bike routes for a chic cycle holiday

The beauty of the Hebridean Way simply cannot be denied – and the best way to see it is undoubtedly by bike. With 185 miles to eat up across 10 islands, it offers mountains, seas and stunning vistas galore. Catch the train to Oban (now with bike-friendly carriages) and from there, hop on a ferry to the Isle of Barra. From there, wind your way through a series of remote, rugged landscapes, connected by 6 causeways and two ferry rides, until you reach the Butt of Lewis. Source link

Cerebras IPO has ‘too much hair’ as chipmaker tries to take on Nvidia

11Oct

By Aditi PawarNo Comments

Business

Cerebras IPO has ‘too much hair’ as chipmaker tries to take on Nvidia

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesAI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since April and to capitalize on investors' insatiable demand for Nvidia, now valued at $3.3 trillion.While its position in artificial intelligence infrastructure represents a major tail wind, Cerebras has challenges — most notably a hefty reliance on a single Middle Eastern customer — that may prove too weighty to overcome in the company's attempt to ride the Nvidia wave. Valued at $4 billion in 2021, Cerebras is reportedly seeking to roughly double that in its IPO."There's too much hair on this deal," David Golden,...

Judge sets trial date in Sean ‘Diddy’ Combs racketeering and sex trafficking case

11Oct

By No Comments

World News

Judge sets trial date in Sean ‘Diddy’ Combs racketeering and sex trafficking case

Sean "Diddy" Combs arrives for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York. Photo: AFP / Angela Weiss Musician and producer Sean "Diddy" Combs, who is charged with racketeering conspiracy, sex trafficking and transportation to engage in prostitution, will go to trial in May 2025. The judge in Combs' federal case set a trial date for May 5, 2025 at a court hearing in New York on Thursday. Combs, who has pleaded not guilty, was present in the courtroom, as were several of his family members. Combs' ankles were shackled, and he was wearing a loose-fitting tan button down shirt and khaki pants. He smiled widely to his family as he was led into the courtroom by a US Marshal, taking a moment to wave toward them sitting in the second row. Prosecutor Emily Jo...