Author: News Room

This as-told-to essay is based on a conversation with Greg Bockman, senior events manager at AT&T, and his mother Kathryn Bockman. It has been edited for length and clarity.Sometimes when I’m at work in the AT&T office in Dallas, the elevator will open and my mom will stroll out. It’s not a crazy coincidence or an issue of mom overstepping: we both work for the same company and in the same building.If I bump into my mom coming out of the elevator or in the hall, we’ll give a quick embrace, but not the type of mother-son hug we save…

The US has opened a new factory for Howitzer ammo near Dallas, which aims to pump out 30,000 of the 155mm shells a month as the Ukraine war chews through Western stocks.The factory, run by General Dynamics in Mesquite, Texas, was built from scratch in just 10 months with the help of technologies from Turkish arms manufacturer Repkon, The New York Times’ John Ismay reported on Wednesday.Ismay noted that one of its production lines would be next to a Frito-Lays distribution center that appeared to be taking deliveries from Cheetos trucks.The Texas plant’s monthly manufacturing goal of 30,000 shells falls…

Investing.com — U.S. futures inch lower on Thursday following a drop in equities in the previous session, with concerns rising over weak Treasury sales and the outlook for possible Federal Reserve interest rate reductions. Salesforce (NYSE:) shares drop in extended hours dealmaking after the business software group’s second-quarter misses estimates. Elsewhere, activist investor Nelson Peltz reportedly liquidates his stake in Disney after a failed proxy battle earlier this year. 1. Futures lower U.S. stock futures slipped on Thursday, pointing to an extension in losses logged in the prior session, as investors fretted about a spike in Treasury yields and the timing…

Investing.com – European stock markets largely fell Thursday, with rising global bond yields hitting sentiment ahead of the release of highly anticipated inflation data at the end of the week. At 03:10 ET (07:10 GMT), the in Germany traded 0.3% lower, and the in the U.K. dropped 0.2% while the in France rose 0.1%. Rising yields hit sentiment  Equities have retreated in Europe, following the weakness on Wall Street and the losses in Asia overnight, with sentiment pressured by rising U.S. Treasury yields as worries about inflation play into the narrative that interest rates will remain elevated for longer than…

EUR/USD falls below 1.0800 amid dismal market mood. The ECB is widely anticipated to deliver a rate-cut move in June’s policy meeting. The US core PCE price index is estimated to have grown steadily in April. EUR/USD extends its downside below the crucial support of 1.0800 in Thursday’s European session. The major currency pair faces severe pressure as the US Dollar (USD) strengthens amid cautious market sentiment. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, jumps to a two-week high slightly above 105.00. Investors rush to the US Dollar as they expect that the…

With OpenAI’s new model on the horizon, some altcoins are likely to outperform. Investors can refer to the Artificial Intelligence sector of altcoins to maximize gains. Worldcoin, andTokenFi could continue to outperform their peers. The Artificial Intelligence (AI) company OpenAI announced on Tuesday that it has begun training its new frontier model. OpenAI has recently begun training its next frontier model and we anticipate the resulting systems to bring us to the next level of capabilities on our path to AGI.” This news, coupled with rumors that the GPT-5 (Generative Pre-trained Transformer) has already been trained, suggests that the release…

The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit.In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs time to prove the value of its open banking technology to investors before going public.”We need another year or two to really demonstrate to the market that open banking is happening happening, it’s here,” Tjarnberg told CNBC.”For me, there is so much we want to demonstrate to the market in terms…

Joan London is carrying a 40-year-old newspaper, its edges frayed and turning yellow. She beams as she unfolds it to show a black and white photograph of her earliest political activism — holding a 1984 Reagan-Bush campaign sign. On her phone, more GOP pride: photos of London at a rally for a Republican candidate for Pennsylvania governor and in Washington, DC, for a Tea Party event during the Obama presidency. “When I was 18, I registered as a Republican,” London said. “I’ve been a Republican for many years until a month ago when I changed by registration from Republican to…

Baby Reindeer, Richard Gadd and the mystery of the real Martha have Netflix viewers buzzing, and CEO Ted Sarandos is weighing in with some insights as to why the limited series has become a global streaming sensation. Baby Reindeer made its U.S. debut on Netflix on April 11, and perhaps one of the big reasons the show has been viewed millions of times is because of its compelling subject matter. The seven-part limited series—which proclaims in the first episode, “This is a true story”—is an adaptation of Gadd’s hit U.K. one-man stage play from 2019. In it, Gadd recounts his…

China is on a drive to expand the use of the yuan internationally. But Beijing’s near-term intent is more about sanctions protection than currency dominance, according to a researcher.”China’s strategies to develop an alternative financial system are defensive rather than offensive — at least for now,” wrote Zoe Liu, a fellow for China Studies at the Council on Foreign Relations, on Wednesday.Beijing’s goal now is to minimize any impact from potential sweeping sanctions from the West in “extreme geopolitical scenarios,” such as a military conflict over Taiwan, which China claims as its territory, wrote Liu. Her post was published on…