Unemployment Rate Takes A Big Hit To Come Down To 4.1%
In September 2024, employers in the US added a whopping 254,000 new jobs, bringing down the unemployment rate to 4.1%. This showcases the labor market’s strength ahead of the 2024 Presidential elections. In the past several months, there has been steady job growth, which is plenty to keep the American labor market out of recession…
John David
Rio Tinto Sets Sights on Lithium Producer Arcadium
Rio Tinto, the world’s second-largest mining company, is eyeing a deal to acquire U.S.-Based lithium producer Arcadium. Both companies confirmed the news in individual statements, although no financial details have been released. While Rio Tinto emphasized that the deal is not guaranteed. Currently, Arcadium is worth around $3.1 billion, and its Australian-listed shares saw a…
US Port Operators and Workers Reach a Deal to End Strike
The US dock workers and their operations have settled and made a deal that will immediately end the three-day strike that has significantly affected the US shipping industry. This three-day strike caused significant disruption in the country’s maritime trading, with around 45 container ships unable to unload. The deal between the port workers and operators…
Microsoft And Nvidia Leads the Funding Round for OpenAI
OpenAI, the creator of ChatGPT, has just concluded its latest round of funding, raising around $6.6 billion. This propelled its valuation to a whopping $157 billion, making it one of the most successful startups in history. This funding and the company’s valuation are testaments to immense investor confidence in the company’s potential within the rapidly…
SpaceX to Rescue Stuck American Astronauts, Reaches ISS
After months of being stuck in space with uncertainty about their return, the American astronauts are finally taking a sigh of relief after SpaceX’s Crew 9, piloted by NASA’s Nick Hague and Cosmonaut Aleksandr Gorbunov, was successfully docked with the International Space Station (ISS) on 29 September, Sunday. Upon their arrival, they were greeted by…
No More AI Bill in California, Big Win for Tech Giants?
California governor Gavin Newsom vetoed the hotly contested artificial intelligence safety bill on Sunday after the tech industry voiced concern over AI development, saying it could drive AI companies from the state and hinder innovation. Newsom said that he is in talks with the leading experts of generative AI to help California “develop workable guardrails,”…
Acadia Healthcare To Pay $20 Million in Settlement
One of the biggest hospital chains in the USA has succumbed to circumstances and agreed to pay $20 million to settle an investigation carried out by the Justice Department of the USA. The feds are accusing the company of wrongdoing in its psychiatric hospitals. According to the Justice Department, the company is defrauding taxpayer-funded medical…
Fintech For Small Businesses: Role, Benefits, And More
Fintech has revolutionized the way small businesses are operated! Discover the role of fintech for small businesses and how you can leverage it in your business! As the world adopts technology, fintech’s growth is increasing rapidly. The fintech industry’s market size has almost doubled from 2017 to 2023, which is unbelievable. One of the reasons…
Chief Technical Officer Mira Murati Leaves OpenAI
Amid the internal squabble in OpenAI, many top leadership members left the firm, and a new name has been added to that list. The CTO of OpenAI, Mira Murati, who has been monumental in its development, announced on Wednesday that she will be leaving the company soon. In a note to her OpenAI team, which…
TikTok Purges Russian Media Accounts Ahead of Elections
The social media platform TikTok has announced that it has taken down accounts associated with two Russian media groups for trying to exercise what is being called “covert influence” on the country’s presidential elections, which is against TikTok’s guidelines. The accounts were linked to Rossiya Segodnya and TV-Novosti, the organization behind two of Russia’s biggest…