Author: News Room
Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the Nasdaq.Cerebras competes with Nvidia, whose graphics processing units are the industry’s choice for training and running AI models. Cerebras says on its website that its WSE-3 chip comes with more cores and memory than Nvidia’s popular H100. It’s also a physically larger chip. In addition to selling chips, Cerebras offers cloud-based services that rely on its own computing clusters.Cerebras had a net loss of $66.6 million in the first six months of 2024…
Surprisingly, many retirees return to work for reasons other than finances. According to T. Rowe Price’s recent, Retirement: Saving and Spending Study, 20% of retirees are working and 7% are actively seeking work. While many people work in retirement for financial reasons, the study found that 45% of recent retirees chose to work for social and emotional connections. Work provides more benefits than simply an income stream. The survey responses point to the need to also plan for retirement with a lens on the non-financial aspects of work. Cultivating social and emotional connections outside of work is something to do…
The Justice Department sued Alabama on Friday over the state’s recent effort to remove more than 3,000 names from its voter rolls, arguing the move violated federal law prohibiting such action from taking place too close to an election. Alabama GOP Secretary of State Wes Allen announced on August 13 that he had begun a process of removing 3,251 individuals previously identified as being noncitizens from the state’s voter rolls – even as he acknowledged the possibility that some of those people have since become naturalized citizens who are eligible to vote. But in an 18-page lawsuit filed in federal court in…
Austria’s far-right Freedom party scored a historic victory in the country’s parliamentary election on Sunday, with the result consolidating pro-Russian, anti-establishment forces in central Europe. The FPÖ was due to win just under 29 per cent of the ballots cast, according to a near final official estimate of the vote late on Sunday, bolstering the claim of its firebrand leader Herbert Kickl to become Austria’s next chancellor. It is the first time the FPÖ, which has embraced increasingly hardline and extremist policies on immigration and the war in Ukraine in recent years under Kickl, has come first in a national…
Listen below or on the go on Apple Podcasts and Spotify Economists expect the 144K jobs added in September. (0:29) Nike may rip off the Band Aid. (1:49) OpenAI losses. (3:30) The following is an abridged transcript: This week asks a tough question about what the stock market cares about. The economy or corporate earnings. Usually the monthly jobs report would be the no-brainer for a headliner. But with the cool inflation data from the core PCE index on Friday and no October Fed meeting, investors may be digging into earnings – as thin as they are. Right now the…
California Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation. Newsom said he had asked leading experts on Generative AI to help California “develop workable guardrails” that focus “on developing an empirical, science-based trajectory analysis.” He also ordered state agencies to expand their assessment of the risks from potential catastrophic events tied to AI use. Newsom said he had asked leading experts on generative AI to help California “develop workable guardrails” that focus “on developing an empirical, science-based trajectory analysis.” He also ordered state agencies…
A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday, signaling action that could cause delays and snarl supply chains.”United States Maritime Alliance … refuses to address a half-century of wage subjugation,” the union said in a statement. The United States Maritime Alliance, known as USMX, represents employers of the East and Gulf Coast longshore industry.If union members walk off the job at ports stretching from Maine to Texas, it would be the first coast-wide ILA strike since 1977.It was not clear if any…
It always turns out the same way: No matter what people might say, the beginning of an interest rate cycle always causes a change in command in the stock market. You must always change your mind, hold your nose, and buy what look to be some of the weakest names — the stocks that do best when rates go down, especially the housing-related stocks. In our case, that means Best Buy , Stanley Black & Decker and Home Depot . These Club stocks — beaten down, disliked, without sponsorship — go from being ugly ducklings to beautiful must-own swans. Best…
Retirement is defined as “leaving one’s job or ceasing to work.” But it involves so much more than that. As I wrote in “Retirement As A Death,” leaving one’s job is an emotional and psychological roller coaster, particularly when one is not prepared. In order to retire successfully, it is important to realize what is happening and how to transition into a new life role. Research indicates it is critical to find a reason to get up in the morning—purpose and meaning. According to Dr. Becca Levy, author of Breaking the Age Code: How Your Beliefs About Aging Determine How…
The death of Hassan Nasrallah has caught President Joe Biden in a bind: While no one in the White House shed any tears for the longtime Hezbollah leader, the Israeli airstrike that took him out has only worsened fears of an escalating conflict, something Biden says he’s actively working to avoid. In the immediate aftermath of the operation, Biden was quick to alert the public that he hadn’t received any advance warning and wasn’t involved. It was only 24 hours later, after both Israel and Hezbollah had confirmed Nasrallah was killed, that Biden released a carefully worded statement declaring the…
