Author: News Room

The Dow Jones gained another 400 points on Friday. After a brief lull, the major index is back into its post-election rally. Investors are pivoting out of the usual tech rally into consumer goods. The Dow Jones Industrial Average (DJIA) has snapped its recent soft patch, extending its midweek bullish pivot into a firm Friday performance. The Dow Jones is on its way to finishing another trading week on the firmly bullish side, up around 1.8% from Monday’s opening bids but still a little shy of last week’s record highs near 44,485. A firm print in US Purchasing Managers Index…

Bitcoin’s (BTC) steady climb toward the $100,000 mark this week has triggered a significant pivot toward altcoins with a surprise announcement: the resignation of SEC Chairman Gary Gensler. Gensler, known for his tough stance on crypto, buoyed the market with his exit, and altcoins took the spotlight on Thursday. Altcoins, smaller and generally riskier cryptocurrencies compared to Bitcoin, have rallied this year alongside the largest cryptocurrency’s record-breaking rally. With Bitcoin trading in overbought territory, analysts suggest altcoins could extend their recent gains. “All cryptocurrencies have been bullish in recent weeks,” said Rob Ginsberg of Wolfe Research. “On a relative basis,…

I shopped at West Elm and Crate & Barrel to see which store had better holiday decor.Crate & Barrel offered chic, modern decorations, but West Elm had classic, cozy options.As an interior designer, I liked both stores, but West Elm ultimately felt warmer and more festive.As an interior designer, I use my eye and skills when decorating for the holidays.Although I usually shop for affordable holiday decor, I wanted to see what two high-end retailers had to offer this season. So, while shopping in NYC, I visited West Elm and Crate & Barrel — two stores known for their stylish…

Amazon announced another $4 billion investment in AI startup Anthropic on Friday.The deal includes an agreement for Anthropic to use Amazon’s AI chips more. The cloud giant is trying to challenge Nvidia and get developers to switch away from those GPUs.Amazon’s Trainium chips are about to get a lot busier. At least that’s what Amazon hopes will happen after it pumps another $4 billion into AI startup Anthropic. The two companies announced a huge new deal on Friday that brings Amazon’s total investment in Anthropic to $8 billion. The goal of all this money is mainly to get Amazon’s AI…

By Arsheeya Bajwa (Reuters) -Amazon.com pumped in an additional $4 billion into artificial intelligence startup Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative AI technology. This doubles Amazon (NASDAQ:)’s investment in the firm known for its GenAI chatbot Claude, but it remains a minority investor, the startup said on Friday. Amazon will also be Anthropic’s main training partner for AI models. Amazon, which is Anthropic’s primary cloud partner, is fiercely competing with Microsoft (NASDAQ:) and Alphabet (NASDAQ:)’s Google to offer AI-powered tools for its cloud customers. “The investment in Anthropic…

By Marie Mannes, Alessandro Parodi and Stine Jacobsen STOCKHOLM/GDANSK (Reuters) – Northvolt’s financial collapse deals a blow to Europe’s plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals. Europe’s biggest hope for an electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection on Thursday after talks with investors and creditors including Volkswagen (ETR:) and Goldman Sachs for funding failed. The Swedish company, whose motto is “make oil history”, has received more than $10…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana hits a new ATH with $300 in sight, while presales like Best Wallet and Pepe Unchained promise unique features and potential 100x gains. Table of Contents ETF probes spark Solana rally SOL ATH with strong monthly candle SOL primed for ATH breakout rally These cryptos are tipped to explode in bull market rally Solana is on fire today – an 8.8% pump has catapulted to a new all-time high (ATH). Is $300 next, or should investors chase other…

The narrative of neoliberalism unfolds like a vast, intricate tapestry, woven with threads of economic ambition, technological progress, and ideological conflict. This incisive narrative exposes the structural seams and ideological contradictions of a world order at a crossroads. The Dawn of Market Freedom: The ascent of neoliberalism, rooted in the ashes of the New Deal and fueled by the fall of communism, promised an era of unbridled market freedom and deregulation. This shift was catalyzed by the fall of communism and the Soviet Union, which not only removed a significant ideological competitor but also opened vast territories to capitalist penetration,…

This article is part of “CXO AI Playbook” — straight talk from business leaders on how they’re testing and using AI.The future of software-development jobs is changing rapidly as more companies adopt AI tools that can accelerate the coding process and close experience gaps between junior- and senior-level developers.Increased AI adoption could be part of the tech industry’s “white-collar recession,” which has seen slumps in hiring and recruitment over the past year. Yet integrating AI into workflows can offer developers the tools to focus on creative problem-solving and building new features.On November 14, Business Insider convened a roundtable of software…

Matika Wilbur photographed members of every federally recognized Native American tribe. She named the series Project 562 for the number of recognized tribes at the time. She published a book of her photos titled “Project 562: Changing the Way We See Native America.” Photographer Matika Wilbur was on assignment in South America when her grandmother appeared to her in a dream and told her to go capture her own people.Wilbur, who is Native American, listened.She embarked on a yearslong project photographing members of every federally recognized Native tribe in North America. In 2023, she published her collection of photos in…