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Nvidia is in Favor of the Microsoft-Activision Deal
Nvidia is reportedly in favor of Microsoft’s proposed acquisition of Activision Blizzard. The deal, which was announced earlier this year, would see Microsoft acquire the video game giant for a whopping $68.7 billion. While the deal has yet to be approved by regulators, it has already generated a great deal of buzz within the gaming industry.
Nvidia’s support for the deal is significant, given the company’s status as one of the leading providers of gaming hardware and technology. The company’s graphics processing units (GPUs) are widely used by gamers and game developers alike, and Nvidia has been a major player in the gaming industry for decades. As such, its opinion on the Microsoft-Activision deal carries a great deal of weight within the industry.
Of course, not everyone is in favor of the deal. Some have raised concerns about the potential impact that such a large acquisition could have on the gaming industry as a whole, particularly in terms of competition and market consolidation. However, for now, it seems that Nvidia is firmly in the camp of those who believe that the deal could be a positive step forward for the industry.
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Tesla Recalls Model After FSD Concerns
Tesla — Users have always found the idea of a car driving itself appealing, especially when there is traffic or a distance to travel.
It was only a concept at first, but Elon Musk and his company, Tesla, were able to make it a reality.
The response has been erratic with the adoption of the “Full Self Driving” assistance software.
Tesla’s self-driving capabilities forced it to recall a few cars last year.
The News
Tesla is reportedly recalling each of the 363,000 “Full Self Driving” cars in the US.
The fact that the company chose to base its decision on safety concerns is just another blow to Tesla’s main point of differentiation.
The autonomous driving capability steers, brakes, and accelerates the car while it travels on local roads using artificial intelligence.
Moreover, because the system has a propensity for making poor judgment decisions, it necessitates having a human driver on standby to take over at any time.
Source: https://marketdaily.com/tesla-recalls-model-after-concerns-arose/
#Autopilot#Elon Musk#Featured-top#FSD#National Highway Traffic Safety Administration#NHTSA#Recall#Tesla
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Ford Deals with Battery Problems as Production Stops
Ford is facing production stoppages due to battery problems in their electric vehicles. The automaker has been struggling to keep up with demand for its popular Mustang Mach-E and F-150 Lightning models, both of which rely on battery power. However, the company has experienced issues with the batteries that are supplied by LG Energy Solution. As a result, Ford has had to halt production at several of its factories, which is a significant setback in its efforts to compete with Tesla and other EV manufacturers. The company is currently working with LG Energy Solution to resolve the issue and hopes to resume production soon. The article notes that this is a developing story and that more updates will be provided as they become available.
Source: https://marketdaily.com/ford-deals-with-battery-problems-production-stops/
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Microsoft’s Demos Showed AI Errors
Microsoft — Last week, two significant tech companies competed to show off their advancements in AI.
At two separate events, early iterations of Google and Microsoft’s AI-powered search engines were on display.
Microsoft had an advantage because its event occurred the day before Google’s, whose dismal failure caused Alphabet’s shares to decline.
Due to the presentation’s broad publicity, more than a million people made attempts to sign up for and use Microsoft’s new tool in the first 48 hours.
Technology may have been “brought to knowledge work” during the industrial revolution, according to Microsoft CEO Satya Nadella.
The Demo
In the trial, the Bing search engine’s ChatGPT-inspired AI system looked at financial data, including information from Gap and Lululemon.
When compared to the real reports, the chatbot’s results revealed that it had a flaw in that it had ignored certain data.
The viewers also saw that several of the data appeared to be incorrect.
Independent search researcher Dmitri Brereton published the following on Substack on Monday:
“Bing AI got some answers completely wrong during their demo. But no one noticed. Instead, everyone jumped on the Bing hype train.”
Brereton also brought attention to what seemed to be factual inconsistencies with the demo’s abnormalities in the vacuum cleaner’s specs and the trip arrangements to Mexico.
The researcher said he wasn’t deliberately looking for mistakes.
Before he attempted to compare the Microsoft and Google AI revelations in his article, Brereton was unaware of the mistakes.
Meanwhile, the inaccuracies were classified as “hallucinations” by AI experts.
Artificial intelligence refers to tools’ propensity to provide data based on in-depth linguistic models as hallucinations.
When Google staged a comparable event, their AI system similarly generated factual mistakes that were simple to see.
Source: https://marketdaily.com/microsofts-demos-showed-ai-errors-in-event/
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CSX and 2 Unions Come to a Final Agreement
CSX — The freight train operator CSX Transportation and two railroad unions were able to come to terms on paid sick leave on Tuesday.
In the end, the company opted to provide 5,000 CSX union members with paid sick days.
The names of the two unions are as follows:
The Brotherhood of Maintenance of Way Employees Division (BMWED), which represents engineers
The Brotherhood of Railway Carmen (BRC), which represents mechanical workers.
The News
Joe Hinrichs, president and chief executive officer of CSX, made the announcement and said the following:
“CSX is committed to listening to our railroaders and working with their representatives to find solutions that improve the quality of life and experience as employees.”
“These agreements demonstrate that commitment and are a direct result of the collaborative relationship we are working to cultivate with all of the unions that represent CSX employees.”
Source: https://marketdaily.com/csx-and-2-unions-come-to-a-final-agreement/
#BMWED#BRC#Brotherhood of Maintenance of Way Employees Division#Brotherhood of Railway Carmen#CSX#Featured-top#Railroad#Sick leaves#Transportation#Union
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2023: Black Entrepreneurs Face a Heavy Drop in VC Funds
Black entrepreneurs – Being an entrepreneur has never been easy, but for people of color it could be particularly challenging.
Black entrepreneurs have had trouble obtaining funding throughout the years.
Instead, a lot of people rely on venture capital investment, which is only available to diverse entrepreneurs.
While seeking VC funding over the years, Black entrepreneurs and Black-led enterprises have encountered prejudice, despite the fact that many of them were successful.
Annually, Black entrepreneurs generally receive less than 2% of total VC financing.
However, the percentage of Black women-owned enterprises is barely 1%.
Source: https://marketdaily.com/black-entrepreneurs-hit-heavy-vc-funds-drop-2023/
#Beatrice Dixon#Black entrepreneurs#Business#Central banks#Featured-top#Funding#George Floyd#Investment#Marion Nichols#VC funding#Venture capital funding
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In 2023, Galaxy S23 will look like Ultra
Galaxy S23: Two brands have dominated the smartphone market despite the fact that numerous businesses are vying for the top position.
Over the past ten years, Apple and Samsung have engaged in intense competition with one another.
The advantage of having a vast number of models has always belonged to Samsung, whereas Apple has frequently maintained consistency in its lineups.
Apple released the iPhone 14 a few months ago, and Samsung updated its top-tier Galaxy series with the S23 series.
The new phones
The latest flagship devices to join Samsung’s illustrious S-series portfolio are the Galaxy S23 models.
The Samsung Galaxy S23, S23+, and S23 Ultra make up the newest additions.
For this year’s edition, the leading Android developers have made significant hardware and software enhancements.
The phone giants maintained their strategy despite the changes and made few adjustments to the gadgets.
Source: https://marketdaily.com/galaxy-s23-takes-after-ultra-designs-in-2023/
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In the real estate industry, ChatGPT makes waves
ChatGPT: Artificial intelligence (AI) has been lauded as the upcoming marvel that will streamline work for years.
The AI program ChatGPT has gained attention for its writing assistance as more people use it for a range of tasks in both work and school.
AI has shown to be an important asset in the real estate sector with regard to online listings.
The Convenience
Using ChatGPT, a realtor by the name of JJ Johannes painted a beautiful picture of a home in Cedar Rapids, Iowa.
The realtor quickly penned the description using a few key words in less than five seconds.
It would have taken Johannes more than an hour to write it if he had done it himself.
“It saved me so much time,” he added. “It’s not perfect but it was a great starting point.”
“My background is in technology and writing something eloquent takes time. This made it so much easier.”
JJ Johannes is only one of several realtors that employ AI after its formal debut in late November.
The experience helped residential and commercial agents create listings, social media posts, and legal documents, and was praised as groundbreaking for their careers by both groups of agents.
ChatGPT has also been used to automate processes like answering frequently asked questions and concluding complex computations. Read More...
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During his brief Disney tenure, Geoff Morrell received six figures
Geoff Morrell: The normal salary for top executives, such as CEOs and C-level executives, is quite high, and they typically earn significant bonuses and other types of incentives.
Top executives often earn millions of dollars annually, although the specific amount might vary greatly based on the firm, industry, and location.
Many top executives furthermore obtain stock options and other kinds of equity pay, which can ultimately increase their wealth.
Being a senior executive at a corporation of Disney’s magnitude comes with a lot of responsibilities.
Early in 2022, Disney employed Geoff Morrell as its top corporate affairs officer, but he left after only a few months.
Despite his short tenure, Morrell managed to make an astonishing six figures during the three months he was in charge.
Source: https://marketdaily.com/geoff-morrell-received-6-figures-in-disney-stay/
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With a Grim Announcement, Bed Bath & Beyond Takes Another Hit
Bed Bath & Beyond: After experiencing yet another huge setback on Thursday, Bed Bath & Beyond announced a developing crisis.
The firm claimed that it lacked the money to pay its debts in full.
A dreadful bankruptcy notice was issued as a result of the company failing to make payments on its JPMorgan credit line.
Later on Thursday after hours, shares of Bed Bath & Beyond dropped, momentarily halting trading.
The market value of the shares dropped by 22% to close at about $295 million.
The news
In a securities filing, Bed Bath & Beyond stated that it lacked the funds to repay the debts secured by the Credit Facilities.
Without sufficient resources, the company might need to consider other options.
One of its options is to restructure its obligations in line with the US Bankruptcy Code.
Bed Bath & Beyond is now working to cut costs by doing a range of actions, like:
Closing stores
Lowering capital expenditures
Negotiating lease deals with landlords
The company did issue a warning, noting that the measures might not be successful.
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An Exciting New Website Has Been Launched by The Creative Agency
The new website is brimming with bright colors, impeccable graphic design, and easy-to-use systems. You’ll be brought in by the luxurious imagery and stay for the expert content. The Creative Agency showcases its thought leadership through its insightful blog, guaranteed to provoke and inspire any business owner.
The Creative Agency has launched its stunning new website. Whether you’re there to sign up for their invaluable marketing services or trying to get inspired to do your best work, The Creative Agency’s new site will have every viewer dropping their jaws.
“Our new launch is all about simplicity and clean design. We want to show that sometimes less is more and that even with a very small amount of information, we can inspire action. While traditional methods have their place in digital marketing, I’ve built my agency to be innovative, change-making, and inspiring.” said Jahna Eichel, CEO, and Founder.
The Creative Agency’s award-winning services are perfectly placed along the top of the site to make it easy for every new client to find exactly what they need. With over 260 clients served, it’s no wonder this agency has continuously been labeled as the best. One look at the website will have every business owner requesting their services without hesitation.
The Creative Agency’s mission is to strategize, design and execute client-focused business transformation through agile, personalized digital marketing services that are innovative, creative, and growth-focused
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SaleBased’s Strategy — Minimizing Expenses Maximizing Investments
Minimizing expenses and maximizing investments is a key strategy for becoming truly wealthy. The successful global community of entrepreneurs over at SaleBased — the leading online business incubator — has one big shared trait. We like to ensure that the numbers increase every day. They believe that if you’re not growing — you’re dying.
Minimizing expenses is crucial to building wealth, as it allows you to keep more of your money. This can be done by cutting back on unnecessary costs, such as eating out, buying clothes, or buying expensive cars. By reducing your expenses, you will have more money to invest and grow your wealth.
Maximizing investments is essential to building wealth. Investing in assets that generate compound interest, such as stocks, mutual funds, and real estate, can help to grow your wealth over time. Compound interest is the interest on the interest you earn, which can help your money grow exponentially.
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FTX Collaborators Charged, Both Plead Guilty
FTX: On Wednesday, Caroline Ellison, the former co-CEO of Alameda Research, and Gary Wang, a co-founder of FTX, both entered guilty pleas to federal charges.
The Charges
The two FTX associates pleaded guilty in the Southern District of New York, according to US Attorney Damian Williams.
Gary Wang entered a guilty plea to the following offenses:
Conspiracy to commit wire fraud
Wire fraud
Conspiracy to commit commodities fraud
Conspiracy to commit securities fraud
However, Caroline Ellison was accused of more, including the following:
Two counts of wire fraud
Two counts of conspiracy to commit wire fraud
Conspiracy to commit commodities fraud
Conspiracy to commit securities fraud
Conspiracy to commit money laundering
The evening before Sam Bankman-Fried, the former CEO of FTX, was scheduled to depart from the Bahamas for New York, their charges were made public. He is prosecuted with eight federal felonies by the same federal prosecutors who authorized the plea bargains for Ellison and Wang.
Prior to SBF’s anticipated departure for the US after a contentious court appearance in the Bahamas, their plea deals were finalized on Monday. “As I said last week, this investigation is very much ongoing,” said Williams in a prerecorded message.
“I also said that last week’s announcement would not be our last. And let me be clear, once again, neither is today’s.”
Read also: Elon Musk addresses Tesla shares decline, cites other factors
SBF
Sam Bankman-Fried was charged in the Southern District of New York following his arrest in the Bahamas the previous week. Intense court hearings have been going on for the last few days regarding whether or not he would consent to his extradition to the US.
After a tense courtroom exchange on Monday, in which a reported plan for him to resist his extradition to the US stalled, he was taken to a Bahamas jail. Media reports state that later that day, he gave his Bahamian attorney instructions to start the extradition procedure.
Later this week, Sam Bankman-Fried will make another court appearance. According to earlier reports, he would agree to extradition, but SBF on Monday provided a different account. Before deciding to return to the US, he insisted on viewing a copy of his federal indictment. Bankman-Fried, however, chose to stay in jail rather than hand himself in to US authorities.
The SEC
Gary Wang and Caroline Ellison were the targets of civil lawsuits from the Securities and Exchange Commission and the Commodity Futures Trading Commission, respectively. The cryptocurrency trading platform FTX, which Samuel Bankman-Fried and Wang co-founded, was the target of a “multiyear scheme to defraud equity investors,” according to the SEC.
The following allegations are contained in the CFTC’s expanded complaint: “Ellison with fraud and material misrepresentations in connection with the sale of digital asset commodities in interstate commerce.” Wang is charged with fraud “in connection with the sale of digital asset commodities in interstate commerce,” according to the indictment.....Read More
Source: Market Daily
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Zero-Fare Plan Sweeps the Country to Divided Opinions
Zero-fare: The state plans to remove bus fares, which is excellent news for residents of Washington, DC.
According to the city’s resolution, Washington will be permitted to join a small number of US cities attempting to eliminate fares from its metro bus and rail systems.
The zero-fare system is now being tested in many cities, including Boston, San Francisco, and Denver.
The first big city to implement the fare-free public transit system in 2019 was Kansas City, Missouri.
The Movement
The zero-fare movement calls for eradicating fares on trains, buses, and other forms of public transportation.
The premise is that increasing access to public transportation for all people, regardless of their financial position, will boost usage, relieve traffic, and promote social and economic equality.
Business organizations, environmentalists, and Democratic lawmakers have all backed the zero-fare campaign thus far for the reasons listed below:
There is less climatic change.
Using the rail or bus can help the local economy.
People need public transit every day.
The campaign received more attention amid the pandemic since it demonstrated how crucial public transportation is for essential personnel who are operating on-site.
The Bill
Even though the zero-fare movement is becoming more and more popular in places where it conflicts with local budgets or laws, it has faced political opposition.
The Covid-19 pandemic in 2020 came two weeks after the zero-fare bill was first proposed. The law was sponsored by Charles Allen, a councilman for Washington, DC, who emphasized the significance of the legislation.
“I don’t charge you when you need the fire department, but yet, we’re going to make sure there’s a fire department when you need,” said Allen. “That’s how you need to think about this.” According to the DC plan, the $2 bus fare would be removed as soon as July.
The city council voted unanimously to support the law, and now it is up to Mayor Muriel Bowser to sign it, reject it, or take no action. The zero-fare proposal for Maryland and Virginia without state money was met with opposition from Bowser.
A mayoral veto, however, may be overcome by unanimous agreement.
What it Could Bring
The zero-fare plan would offer a dozen 24-hour bus service lines in addition to spending $43 million a year to make utilizing the DC Metrobus free for commuters. Tax increases would compensate for it.
The DC council is currently debating the $10 million subsidy program, that would grant city residents a $100 monthly credit to use on the DC Metrorail…….Read More
Source: Market Daily
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Trees: Environmental and Economic Benefits of Planting Trees
Trees: A community seems livelier when there are trees everywhere, but trees can also be valuable in other ways.
Here are a few justifications for why you should plant a tree at your house.
Climate System
No matter where you live, certain trees can help with heating or cooling.
It is also known that trees produce oxygen. They perform the following, which significantly lower the electricity bill:
Effective wind blocks
Reduce sunlight hitting home and cooling equipment
Strategically letting light in during fall and winter.
Peter Moe, the director of the University of Minnesota Landscape Arboretum, said: “Planting trees can save homeowners money on utilities when they’re planted correctly.”
“Deciduous trees are a great fit for homeowners because they shade homes during the summer, but allow sunlight to reach the home after the leaves drop in the fall.”
“Evergreen trees planted on the northwest side of a home can block cold winter winds.” Another study conducted this year and included in the Energy and Building magazine discusses the concept of tree-based energy efficiency.
The author claims that during heat waves, two strategically positioned trees can cut down on the need for cooling and heating by up to 18% and 40%, respectively.
Wildlife Shelter
Trees attract a wide range of wildlife creatures in addition to enhancing the beauty of the surroundings.
Sarah Barnard, a Californian certified naturalist and interior designer, said: “Increased wildlife can offer the joys of birdwatching, which can be a pleasurable daily experience,” said Barnard.
“Some trees can attract butterflies, like oak trees, which draw California sister, dusky wing, and hairstreak butterflies, among others.” Growing trees allows animals to find safer places to raise their young and go on food hunts.
“Homeowners who want to support wildlife should try to plant a diverse mix of trees because many birds, animals, and insects have specific and preferred host plants,” said Moe. “If you’re just getting started, oaks are good host plants as they provide food, shelter, and nesting spaces for more species of birds, animals, and insects than any other group of trees.”
Read also: TikTok popularity makes US ban challenging
Impact on Flood Damage
One of the biggest benefits of planting trees in your yard is their ability to prevent lawns from being washed away during strong storms. The rate of water absorption by trees is extremely rapid.
Alan Duncan, the founder of Solar Panels Network USA, usually includes trees in his plans for improving residential energy efficiency.
“Trees can help regulate water flow by allowing rainwater to be absorbed into the ground instead of flowing away with runoff,” said Duncan. “This helps to recharge our groundwater supplies, reduce flooding and soil erosion, and can even improve water quality.”
Planting a Tree
It may appear easy to dig a hole and add a stick, but planting a tree is much more complex. You must consider the tree you select and the planting location while you are planting.
Scott Berry, the president of Evergreen Hardscaping & Tree Care in Delaware, said: “The best placement for a tree depends on the specimen and its growth rate and growing habits.”
“You wouldn’t want to plant a white oak five feet from your foundation wall,” he added. “Plant larger trees further from the structure — at least 20 to 30 feet if possible — and smaller ornamental trees much closer to the home……Read More
Source: Market Daily
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Prices In The Past Year: The Good And The Bad
Prices: Last year, inflation in the US peaked at a decades-high level.
Throughout 2022, the Federal Reserve has been fighting inflation and has employed all available strategies, including raising interest rates.
Price hikes
Price increases have dropped to 7.1%, according to recent Bureau of Labor Statistics data on inflation.
Between November 1 and December 24, retail prices rose 7.6% (inflation unadjusted), making it impossible for people to buy gifts without exceeding their spending limit.
The Mastercard Spending Pulse gave the data, which examines non-auto retail spending.
As food prices rose faster than inflation throughout 2022, the expense of holiday meals surged.
Some products enjoyed astounding double-digit growth, while others showed no change or even a decline.
Electronics
Retailers saw a shift in consumer behavior as soon as the demand for electronics decreased.
Over the year, which ended in November, the prices of major electronics declined.
Smartphones plunged 23.4%
TV prices dropped 17%
Computers rolled back prices by 4.4%
Major appliances fell by 1%
Several retailers, like Walmart and Best Buy, stocked up at the start of 2022 in anticipation of supply chain issues and expected increases in customer demand.
However, their goals were thwarted by increasing prices and dwindling customer confidence.
Additionally, when confined in the early phases of the 2020 pandemic, many made substantial expenditures or upgrades.
Read also: Minimum wage set for positive change this year
Apparel & Toys
Although gradually, clothing prices increased in 2022.
Clothing prices rose by 3.6%
Footwear increased by 2.3%
Sporting goods climbed 2.7%
Toys had a meager 0.6% increase
Despite the minor price rise, the items were still a great deal because inflation outpaced them.
Doug McMillon, the CEO of Walmart, said in December:
“In toys, sporting goods, categories like that, prices have come down more aggressively.” “We’re still inflated, but we’re not inflated nearly as much as we are in the other categories……..Read More
Source: Market Daily
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Minimum Wage Set For Positive Change This Year
Minimum wage: News of an increase in the employee minimum wage was announced at the beginning of the new year.
Workers in more than half of the states have been calling for higher pay for years, mainly because the federal minimum wage has stayed at $7.25 per hour since 2009.
Although a few states and cities have set their own rates, several are currently planning to increase the wage in 2023.
The News
This year, minimum wage increases were announced in 26 states. According to US payroll analysts at Wolters Kluwer Legal & Regulatory, one more state will join the revision in July.
The Economics Policy Institute stated that 23 states, including Washington, DC, would begin implementing the higher compensation on January 1. As a result, 8 million employees will be affected. There will be price increases ranging from 23 cents to $1.50.......Read More
Source: Market Daily
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