The latest data from the Commerce Department reveals that inflation in July inched higher, aligning with the Federal Reserve’s assessment as they gear up for a potential interest rate cut. The personal consumption expenditures price index rose 0.2% on a monthly basis, with a year-over-year increase of 2.5%. The core PCE, which excludes food and
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The Basel Committee on Banking Supervision (BCBS) has recently expressed concerns regarding permissionless blockchains that are accessible by the public. While the issue is not with the public nature of these blockchains, the permissionless aspect raises significant concerns for financial institutions. In an effort to address these issues, the BCBS has outlined potential risks and
The APOE4 gene has long been a topic of debate in Alzheimer’s research, with researchers questioning whether its role in the disease is due to a lack of functionality or if it is actually toxic. However, a recent breakthrough by a working group of senior investigators, convened by the Alzheimer’s Disease Sequencing Project (ADSP), has
In recent times, viral videos featuring dogs using soundboard buttons to communicate with their owners have taken social media platforms by storm. These videos showcase dogs seemingly forming near-sentences, asking for food, requesting help, and even questioning their reflection in the mirror. While some have embraced this trend with open arms, skeptics, including biologists, have
Alibaba, the Chinese tech giant, has recently completed a three-year regulatory “rectification” process as mandated by China’s State Administration for Market Regulation (SAMR) following an antitrust fine it received in 2021. The SAMR, in a statement, highlighted that Alibaba has made significant progress in aligning its operations with antitrust regulations. This development has been well-received
Former Strictly Come Dancing star Artem Chigvintsev has recently made headlines after being arrested on suspicion of domestic violence in the US. The incident took place in California, where the Russian dancer was taken into custody after police responded to a domestic violence call in the town of Yountville. This alarming event occurred early in
The 2024 Venice Film Festival commenced on August 28th with the highly anticipated sequel Beetlejuice Beetlejuice, directed by Tim Burton and starring Michael Keaton, opening the 81st edition of the festival. The event is scheduled to run until September 7th on the iconic Lido. The festival lineup includes premieres of various films such as Todd
Intel’s CEO Pat Gelsinger recently admitted that the company has faced a series of challenges following a disastrous earnings report. The stock price plummeted by 26%, marking its worst day on Wall Street in over 50 years. This decline has been reflective of a broader trend, with shares down 59% for the year. Gelsinger acknowledged
Republican presidential nominee Donald Trump is making headlines with the rebranding of The DeFiant Ones crypto platform to World Liberty Financial. With a bold claim that the United States will be the crypto capital of the planet, Trump is rallying his supporters in the crypto space. However, the announcement left many questions unanswered, with the
The FDA has recently issued a final rule that will have a significant impact on tobacco retailers across the United States. This rule, which is set to take effect on September 30, raises the minimum age for certain restrictions on tobacco product sales from 18 to 21. The legislation, known as the Further Consolidated Appropriations