The potential impact of AI on interest rates and the economy =============== #439d648a ver:0.29 Traders in the stock market are facing a challenging environment as they play a 'game of chicken' with the Federal Reserve over the central bank's commitment to higher-for-longer interest rates. Despite recent positive economic data, including strong third-quarter GDP growth and higher-than-expected inflation, traders remain skeptical that the Fed will follow through on its plans. Fed funds futures traders are currently pricing in a more than 70% likelihood of no action by the Fed in December. This widening gulf in expectations between financial markets and the Fed is causing volatility and uncertainty in the stock market. The fate of the US economy and stock market this year will be determined by two consequential meetings: a sales conference on artificial intelligence in San Jose and a ... #newstr #FederalReserve #RateCuts #AiStocks #StockMarket #InterestRates #Inflation #UsEconomy #PresidentialElection #Adobe #Technology

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Bank of England Warns of Risk of Sharp Correction in Asset Prices, FTSE 100 Rebounds After Worst Week Since October =============== #d2bd07c1 ver:0.12 The FTSE 100 rebounded after its worst week since October, with UK stocks rising in line with other European stock indexes . The blue-chip gauge saw gains as investor confidence improved. Barclays led the fallers as its results disappointed the City . The FTSE 100 has lost over 300 points in the past week . The Bank of England has warned of the risk of a “sharp correction” in asset prices in its latest financial stability report. The central bank stated that investors in financial markets expect the economy to continue to recover and inflation to fall, putting less weight on risks that might cause weaker growth or higher interest rates than expected. As a result, the prices of many assets such as shares and bonds have gone up, which the bank considers to be high relative to historical nor... #newstr #Ftse100 #UkStocks #UnemploymentRate #FixedrateBonds #Isas #InterestRates #Bitcoin #BankOfEngland #AssetPrices #FinancialStability

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GM and Ford Forecast Big Profits and Brisk Sales in 2024 =============== #5d98cbc6 ver:0.19 General Motors (GM) and Ford executives have expressed optimism about the strong demand in the US auto market. GM Chief Financial Officer Paul Jacobson stated that auto sales in March were 'looking really strong' following a strong February. GM's incentives are decreasing, which is contributing to the positive sales trend. Ford Chief Financial Officer John Lawler reaffirmed the company's outlook for annual core profit of between $10 billion and $12 billion. Lawler also mentioned that Ford has a 'skunk works' team working on a new, low-cost electric vehicle (EV) architecture that could serve as the foundation for sedans, SUVs, and trucks. Ford's EV business is expected to eventually turn a profit and attract more long-term investment. GM shares rose 1.3%, while Ford's shares fell 2% in resp... #newstr #Gm #Ford #Profits #Sales #2024 #AutoIndustry #ElectricVehicles

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Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/66b3b103-da20-468b-9009-534401381500/screenshot

Hanshow Unveils GenAI and Green Digital Solutions at CHINASHOP 2024 =============== #ca19d4cf ver:0.17 Chinese retail technology company Hanshow has showcased its GenAI product strategy at the 24th China Retail Expo. The company unveiled its upgraded Hanshow Polaris Pro series electronic shelf labels (ESL) and a new green digital store solution. The GenAI solution utilizes GPT-4 text output and Dall-E3 image output to generate marketing materials. Hanshow is a global strategy partner of Microsoft in the retail industry and is incorporating GenAI technology in retail scenarios using Azure OpenAI. The company plans to unveil its GenAI marketing solutions at the NRF exhibition in Singapore in June 2024. ... #newstr #Hanshow #Genai #GreenDigitalSolutions #Chinashop2024 #Retail #ElectronicShelfLabels #Gpt4 #Dalle3 #Microsoft #AzureOpenai #NrfExhibition

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Kangaroo Island Koala Crisis: Major Breakthrough in Rescue Efforts =============== #733809cc ver:0.49 On March 27, 2024, a major breakthrough occurred in the Kangaroo Island koala crisis. Two men have been rescued after surviving a deadly boat capsize . The Kangaroo Island koala crisis has been a significant concern, with the devastating impact of wildfires on the koala population. The rescue of these two men brings hope and relief to the ongoing efforts to protect and save the koalas on the island . In other news, the supermarket giant Coles is preparing for challenges with cash movements during the upcoming long weekend. This preparation is likely in response to increased consumer spending during holiday periods . The organizers of the Splendour in the Grass festival have responded after the event was cancelled. The cancellation of the festival may have disappointed many attendees and... #newstr #KangarooIsland #KoalaCrisis #BaltimoreBridgeCollapse #SupermarketPrices #DeliveryIndustry

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Scientists Develop Ultrafast Camera to Revolutionize Scientific Photography =============== #45fdc159 ver:0.06 Scientists at Canada's Institut national de la recherche scientifique (INRS) have developed an ultrafast scientific camera called SCARF that can capture images at a rate of 156.3 terahertz (THz) per pixel or 156.3 trillion frames per second. The camera uses computational imaging to capture spatial information by allowing light to enter its sensor at slightly different times. It has successfully captured ultrafast events like semiconductor absorption and metal alloy demagnetization. The team is collaborating with Axis Photonique and Few-Cycle to develop commercial versions of the camera that are low-cost, have low power consumption, and high measurement quality compared to existing techniques. In other news, the Institute of Physics recently presented the 2023 business innovation awards t... #newstr #ScientificPhotography #UltrafastCamera #Scarf #ComputationalImaging #ScientificResearch

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NSA Prepares for Potential Quantum Computing Breakthrough =============== #6c7f3b85 ver:0.16 Denmark and Colorado are emerging as leaders in the field of quantum technology, each with its own unique contributions and strengths. Denmark has established itself as a frontrunner in quantum technology, with a strong emphasis on commercialization, security, and international collaboration. The country has allocated a significant amount of funding, €161 million, to strengthen its quantum ecosystem and has set up research centers and test facilities. Danish companies are already making strides in the field, developing applications in materials discovery, drug discovery, and alternative computing solutions for various industries. Quantum sensing and quantum computing are two areas of particular focus. Quantum sensing has applications in medical understanding, clock systems, positioning tec... #newstr #Nsa #QuantumComputing #EncryptionSystems #NationalSecurity #EconomicSecurity

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Jennifer Lopez's Past Comments About Gwyneth Paltrow, Cameron Diaz, and Madonna Resurface =============== #3bfb8012 ver:0.17 In a resurfaced interview from 1998, Jennifer Lopez made candid comments about her peers in the acting industry. She described Salma Hayek as a 'sexy bombshell' and claimed that Hayek lied about being offered the role of Selena. Lopez also criticized Gwyneth Paltrow, saying she couldn't remember anything Paltrow had been in and suggesting that Paltrow's fame was due to her association with Brad Pitt. Lopez did have some praise for Claire Danes but concluded that Madonna was not a good actor. These comments have recently resurfaced and gained attention on social media. Gwyneth Paltrow recently shared her thoughts on Cord Jefferson's Oscars speech and revealed an interesting anecdote about one of her movies during a 'Hot Ones' interview. Paltrow discussed her experience mastering the accent... #newstr #JenniferLopez #GwynethPaltrow #CameronDiaz #Madonna #SalmaHayek #Interview #Resurfaced

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Taylor Swift's '1989 (Taylor's Version)' Breaks Elvis Presley's Billboard 200 Record, While Willie Nelson Announces 75th Album and ABBA Unveils 50th Anniversary Reissue of 'Waterloo' Album! =============== #5285da1c ver:0.05 Taylor Swift's album '1989 (Taylor's Version)' has returned to the No. 1 position on the Billboard 200 chart for the fourth non-consecutive week, tying Elvis Presley's record of 67 weeks at No. 1. This achievement comes after the album debuted at No. 1 with 1.65 million units, making it Swift's best album debut ever. The success of the album is accompanied by the film 'Taylor Swift: The Eras Tour', which continues to perform well in theaters. The album includes previously unheard 'Vault' tracks, some of which are expected to debut in the top 10 of the Billboard Hot 100. Swift's re-recordings have generated increased interest in her older albums before the release of the 'Taylor's Version' albums. The original '1989' album released in 2014 has been certified nine-times-platinum. Swift also ... #newstr #TaylorSwift #1989 #ElvisPresley #Billboard200 #WillieNelson #TheBorder #Abba #Waterloo #Music #Reissue #Anniversary

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Fiverr and Steven Bartlett Partner to Support UK SMBs in Reaching Their Breakthrough Moment =============== #fe1ca917 ver:0.22 Access Bank has partnered with the Office of the Vice President to provide N30 billion for four million Micro, Small, and Medium Enterprises (MSMEs), women, and youth businesses in Nigeria. The beneficiaries will undergo capacity-building and training to optimize the loan and scout for new markets. The Nigerian Government is dedicated to supporting small businesses through partnerships with the private sector. Botswana, Uganda, and Ghana have seen significant increases in women-owned businesses. Women entrepreneurs in Africa face challenges such as lack of funding, limited educational opportunities, and structural barriers. Access Bank's initiative covers three divisions: ERG, CIBD, and CBD. Zenith Bank in Nigeria has announced that it will award N59 million to startups through its pitch... #newstr #Fiverr #StevenBartlett #UkSmbs #BusinessCompetition

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New Technique for Predicting Protein Dynamics May Revolutionize Drug Discovery =============== #ec6ee8cd ver:0.14 Taiwan-based AI software developer Profet AI is expanding its operations in Asia, with a particular focus on China, Japan, and Vietnam. The company's first-generation product, AutoML Platform, integrates over 50 machine learning algorithms commonly used in manufacturing. They are planning to launch their second-generation product, AI Lifecycle Management (AILM), in the fourth quarter of 2023. AILM aims to help new staff learn the domain know-how of experienced staff through prediction models. Profet AI's goal is to equip 80% of their customers' crucial workforce with AI abilities. The company has already amassed 150 customers in Taiwan, with 70% of them being high-tech manufacturers. Additionally, they have formed a joint venture with AUO Digitech in Suzhou, China, to expedite their expans... #newstr #Ai #ProteinDesign #FoodAndBeverageIndustry #ProteinDynamics #DrugDiscovery #MachineLearning #Alphafold2 #BrownUniversity

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Dutch PAL-V Secures $80 Million Order for Flying Car from Dubai =============== #fe7082ae ver:0.12 Japanese startup Iwaya aims to offer near-space tourism in a hot air balloon. The company plans to create a helium-filled balloon capable of rising to a height of 25 kilometers above the Earth's surface, providing stunning views of the Earth without reaching outer space. A test flight was conducted, and the startup plans to reach the 25-kilometer target by the end of 2023 and make its first commercial launch in March 2024. The cost of travel with Iwaya will be $164,000 per passenger, which is more affordable compared to other space tourism options. In other news, Xiaomi's upcoming Xiaomi 14 and Xiaomi 14 Pro smartphones have already generated high demand in China, with some sites reporting greater demand than for the iPhone 15 Pro Max. Finally, Nvidia has developed an AI agent called E... #newstr #Palv #FlyingCar #PalvLiberty #Aircar #Bmw #EuropeanInnovation #Dubai #China #AirMobility

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Pakistan Stock Exchange's KSE-100 Index Continues Upward Trend, Surges Over 900 Points in Intraday Trade =============== #394b55ec ver:0.09 The Pakistan Stock Exchange's benchmark KSE-100 Index continued its upward trend, surging over 900 points in intraday trade on Monday. The index reached 64,620.13 levels, gaining 916.69 points. This increase occurred as newly elected members of the National Assembly took oath as lawmakers, which is seen as a positive sign for political stability and the economic stability of the country. The surge in points is also attributed to the start of the corporate results season and investor interest in the energy sector due to the government's agreement with the IMF on a dividend return scheme. This positive market trend is in line with the stock market's strong rally, which has been supported by increased foreign inflows, investment agreements with Kuwait and the UAE, a $3 billion deposit extensi... #newstr #Pakistan #StockMarket #ForeignInterest #InvestorSentiment

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COUNT Energy Trading and Corsair Group International Collaborate to Establish Advanced Recycling Plant in Finland =============== #304c832e ver:0.09 ASUS, a leading technology company, has partnered with nonprofit organization Communities Organized for Resource Allocation (CORA) to promote sustainability and responsible waste management. Through its sustainability campaign, ASUS has collected 1.67 tons of plastic and other recyclable waste. The company has launched the sustainable Zenbook S 13 OLED and organized knowledge-sharing activities with employees. ASUS has also installed CORA Eco-Ikot Center pop-ups in its stores, providing Filipinos with a convenient way to recycle and reduce plastic waste. The campaign culminated in a beach cleanup event, where volunteers collected 646.2 kg of plastic waste. ASUS aims to become a net-zero enterprise by 2050 . Gizmogo, a prominent player in the electronics recycling sector, offers a secure a... #newstr #Asus #Gizmogo #Ccilu #CircularComputing #Telefónica #CountEnergyTrading #CorsairGroupInternational #SustainableElectronicsRecycling #Technology #PlasticWasteRecycling

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EUR/USD Extends Losses As Dollar Fundamentals Pile Up Pressure =============== #acbb1c95 ver:0.41 The EUR/USD currency pair is currently trading at 1.08273, down 0.04% on the day, as strong US dollar fundamentals exert downward pressure. The pair has struggled to gain momentum and remains below the key resistance level of 1.0840. The US economy reported a rise in Durable Goods Orders by 1.4% in February, surpassing the forecast of 1.2%. This positive economic data has contributed to the strength of the US dollar, with the DXY index staying above 104.000. Additionally, yields on benchmark 10-year US Treasury bonds have remained strong, surpassing 4.200 for over a week. The Federal Reserve predicts that the US economy will grow by 2.1% in 2024, with three interest rate cuts expected. As long as the EUR/USD pair remains below the 1.0840 pivot level, sellers will be in control. However, a ... #newstr #Eur/usd #UsDollar #DurableGoodsOrders #UsEconomicData #FederalReserve #Ecb #RussiaukraineConflict

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Emerging Markets Stocks and Currencies Drop on US Policy Uncertainty and Chinese Outflows =============== #c82525ac ver:0.13 Most emerging markets stocks and currencies dipped on Wednesday as investors scaled back hopes of early interest rate cuts by the Federal Reserve following a blow-out inflation reading. By 0906 GMT, MSCI's index for emerging markets stocks dipped 0.1%, while a gauge of currencies lost 0.2%. Equities in South Korea ended 1.1% lower, while India's S&P BSE Sensex fell 0.1%. Year-on-year inflation in Romania rose more than expected to 7.41%. The Polish zloty was last down 0.2% against the Euro after a first estimate showed the country's GDP rose 1.0% year-on-year in the fourth quarter, below analysts' forecasts of a 1.1% rise. South Africa's rand fell 0.2% against the dollar. Markets in EM heavyweight China are closed for the Lunar New Year holidays and will resume trade on Monday, Feb. 19. Me... #newstr #EmergingMarkets #Stocks #Fx #UsPolicy #ChineseOutflows

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Baltimore Bridge Collapse Threatens City's Economy and Supply Chain =============== #733809cc ver:0.48 On March 26, 2024, the MV Dali, a cargo ship, collided with the Francis Scott Key truss bridge in Baltimore, causing the bridge to collapse within 20 seconds. The impact of the ship caused large sections of the bridge to snap apart and fall into the river. The collapse of the bridge has resulted in a major transportation emergency for Baltimore, with significant implications for shipping and trucking around the Port of Baltimore . The bridge collapse occurred while six workers were repairing potholes on the bridge. Unfortunately, all six workers are now presumed dead. The search for the workers has been suspended until Wednesday morning, when search divers will resume their efforts to provide closure to the families of the missing workers . The cause of the collapse is still under invest... #newstr #Baltimore #BridgeCollapse #Port #Economy #SupplyChain

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US Treasury Yields Little Changed as Investors Weigh Economic Outlook =============== #40fa53ea ver:0.1 Speculators have reduced their bearish bets on US Treasury two-year and five-year note futures, indicating expectations of lower yields. This decline in net short positioning on the shorter end of the curve suggests that the Federal Reserve may be nearing the end of its tightening cycle. In contrast, bearish positioning on longer-dated notes and bonds has increased, pointing to a steepening trend in the yield curve. The comments made by Fed Chair Jerome Powell are seen as dovish, with investors pricing in the likelihood that the Fed is done raising rates. US yields fell after weak data on U.S. manufacturing and a Federal Reserve official's comment on the balance sheet reset. The Institute for Supply Management (ISM) reported that its purchasing managers index for manufacturing fell to 47.... #newstr #UsTreasuryYields #FederalReserve #EconomicOutlook #InterestRates #DurableGoodsOrders

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US Federal Reserve Rate Cuts Expected to Support Malaysian Bond Market and Ringgit =============== #1afbfd58 ver:1.23 The US Federal Reserve's decision to pause rate cuts for a fifth consecutive time is expected to support the Malaysian bond market and the ringgit, according to Opus Asset Management. The asset management firm, which oversees mainly fixed-income investments worth around RM7.6 billion, believes that the potential start of rate cuts by the Fed will be beneficial for Malaysia. While the Fed has maintained the current Fed funds rate (FFR) at 5.25% to 5.5%, it continues to signal multiple cuts before the end of the year. Opus Asset Management predicts that the Fed will keep rates higher for longer and implement 50-100 basis point cuts in the second half of 2024. However, the impact of tight labor market conditions in the US may influence the Fed's rate cuts and its inflation rate targeting poli... #newstr #UsFederalReserve #RateCuts #MalaysianBondMarket #Ringgit #OpusAssetManagement

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