OpenAI on Thursday 25th July 2024 announced a prototype of its search engine, called SearchGPT, which aims to give users “fast and timely answers with clear and relevant sources.” The company has announced plans to eventually incorporate the tool, presently in testing with a select user group, into its ChatGPT chatbot. TheRead More →
Bitcoin is often likened to a type of digital gold, but Ether is seen more as a native cryptocurrency on the Ethereum blockchain. It is generally seen as a trade or bet on the growth and of the development of the blockchain and of crypto more widely. Many of theRead More →
Tesla boss Elon Musk says the electric car maker will start producing and using humanoid robots from next year. In a social media update, Elon Musk stated that Tesla will initially employ the robots, with plans to commence production for sale by 2026. He had earlier anticipated that the robot,Read More →
Wiz has apparently walked away from a deal with Google that would have valued the company at $23 billion. The deal would have nearly doubled the $12 billion valuation of the startup from its most recent round of funding. CEO of WIZ Assaf Rappaport told employees the company would pursueRead More →
Highest ratio since the 1960’s and even higher than that reached during the Covid pandemic of 2020. The UK’s national debt has reached its highest level since 1962. Official figures from the ONS show that the total government debt amounted to 99.5% of the economy’s value in June 2024, surpassingRead More →
On Wednesday 17th July 2024, the Nasdaq Composite and S&P 500 pulled-back as investors continued to shift from tech stocks to more interest rate-sensitive sectors. The S&P 500 dropped 1.39%, closing at 5588. The tech-geared Nasdaq tumbled 2.77%, finishing at 17996, marking its worst session since December 2022 and endingRead More →
Gold prices climbed to $2,482 per ounce, hitting an all-time high. Gold prices continued to peak at new record highs Tuesday and Wednesday 15th and 16th July 2024. On Monday 15th July 2024, Powell reportedly said the Fed won’t wait for inflation to reach the central bank’s 2% target before it begins cutting,Read More →
Jerome Powell appears to be further paving the way for a rate cut at the next meeting in July 2024. Federal Reserve Chair Jerome Powell reportedly said Monday 15th July 2024 that the central bank will not wait until inflation hits 2% to cut interest rates. Powell referenced the idea that centralRead More →
U.S., UK and Germany hold more Bitcoin than you may think. According to the Arkham website, the United States’ government holds some 212,847 BTC making it one of the biggest holders of Bitcoin, while the treasuries of the U.K. and Germany reportedly hold around 61,245 BTC and 49,858 BTC each.Read More →
According to the organization’s biennial World Population Prospects report, the global population is projected to grow from 8.2 billion in 2024 to peak at around 10.3 billion in the mid-2080’s. It is then expected to gradually decline to 10.2 billion by 2100, which is 6% lower than anticipated a decadeRead More →
Asia-Pacific markets witnessed highs on Tuesday 8th July 2024, mirroring the gains on Wall Street where the S&P 500 and the Nasdaq Composite ended at record highs. India’s Nifty 50 index also hit an all-time high of 24401.2 Investors are anticipating the forthcoming U.S. consumer price index release to discern the Federal Reserve’sRead More →
The world is in debt to the tune of $315 trillion, and counting. $315,000,000,000,000 $315 trillion or $315,000,000,000,000 is a daunting number, it’s massive. In 2024, the global GDP reached just $109.5 trillion, just over a third of the global debt figure. Perspective To provide some perspective, with the worldRead More →
Data centres are expected to consume over 3% of Europe’s electricity demand by 2030 The surge in artificial intelligence (AI) has significantly increased the demand for data centres, essential for the ‘exploding’ tech sector. This necessity has led Europe to consider spatial alternatives for digital storage, aiming to diminish relianceRead More →
Markets respond positively to job data as the S&P 500 and Nasdaq break record highs, again! S&P 500 record high Nasdaq Composite record high Nasdaq 100 record high U.S. non-farm payrolls increase The U.S. economy added slightly more jobs than expected in June 2024 though the unemployment rate increased, the U.S.Read More →
More than $170 billion has been erased from the cryptocurrency market due to concerns over the Mt. Gox bitcoin payout. Bitcoin’s price plummeted over 6% in 24 hours, reaching $54,237, marking its lowest point since late February 2024. The total cryptocurrency market lost over $170 billion in market capitalization withinRead More →
The U.K.’s opposition Labour Party secured a significant parliamentary majority in the 2024 general election, displacing the incumbent Conservatives after 14 years in power. Labour surpassed the threshold of 326 majority required to govern without coalition support as outgoing Prime Minister Rishi Sunak acknowledged the loss. Sir Keir Starmer, theRead More →
Tungsten is a critically important rare earth metal, renowned for its unique and valuable properties. Tungsten has the highest melting point among all metals, which makes it exceptionally suitable for high-temperature applications. Key aspects of its importance Industrial and technological applications Tungsten is used in many industries where hardness, high density, high wearRead More →
The S&P 500 reached new heights in a shortened trading session on Wednesday 3rd July 2024, with investors seemingly dismissing lacklustre economic data. The S&P 500 closed at a new high of 5537, while the Nasdaq Composite finished the session at 18188, buoyed by rallies in technology and AI stocksRead More →
In June 2024, private companies created 150,000 jobs, falling short of the revised figure of 157,000 in May 2024 and the estimate of 160,000. The leisure and hospitality sector led the way with 63,000 new jobs, marking the largest increase among the categories tracked by the payroll processing firm ADP.Read More →
On 2nd July 2024, the S&P 500 reached a significant milestone, closing above 5500 for the first time in its history. This impressive achievement has prolonged the blistering rally of 2024, during which the index has reached 32 record highs. Since July 2023, the S&P 500 index has surged byRead More →
Federal Reserve Chair Jerome Powell has expressed satisfaction with the current progress in the inflation battle but indicated a desire for additional positive data before considering a reduction in interest rates. “We want to be more confident that inflation is moving sustainably down toward 2% before we start the processRead More →
Amazon is reportedly preparing to launch a new store section on its site dedicated to low-priced fashion and lifestyle items. The move is aimed at competing with e-commerce upstarts Temu and Shein, both of which have ties to China. The new storefront will offer unbranded products, with numerous items pricedRead More →
It is indeed amazing and absolutely true – when the medusa (adult jellyfish) or Turritopsis Dohrnii comes to the end of its life, it descends to the ocean’s depths and commences decomposition – it starts to decay but remarkably, its cells then reassemble, not into another medusa, but into polyps.Read More →
Tubi is a complimentary streaming service akin to Netflix, Hulu, and Amazon Prime Video. It boasts a substantial library of more than 20,000 movies and television shows available for streaming on your smart phone, smart TV, or streaming device. As a free service, you’ll encounter ads while accessing the content.Read More →
UK economy purring but not roaring like a lion… yet! The UK economy expanded more than initially thought in the first quarter of 2024, signalling a recovery from recession, according to updated official data. The Office for National Statistics (ONS) reported that from January to March 2024, the economy experiencedRead More →
There are two massive asteroids that will fly past Earth this week. Asteroid (415029) 2011 UL21 Size: Approximately 7,600 feet long Distance from Earth: It will pass by Earth at a distance of more than four million miles (over 17 times further than our moon). Visibility: Visible with small telescopes through Sunday, appearing brightest on Friday. AsteroidRead More →