GoBankingRates provided several immediate impacts that would affect Wall Street and other financial institutions following US President Joe Biden’s decision to stand down from the race to the White House.
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Nvidia Plans China-Specific Version of Blackwell AI Chip Following US Export Restrictions
Nvidia is developing a modified version of its new flagship AI chip, the "B20," specifically for the Chinese market to bypass U.S. export restrictions.
Kakao Founder Brian Kim Faces Possible Arrest for Alleged Stock Price Manipulation
Brian Kim, Kakao's founder, is facing allegations that he manipulated SM Entertainment's stock price to block a rival's acquisition attempt.
Biden Grants Thirty States $4.3 Billion Funding to Start Climate Pollution Reduction
The EPA, backed by Biden's Inflation Reduction Act, has awarded $4.3 billion in grants to 30 states for climate pollution reduction projects, targeting greenhouse gas emissions across various sectors.
China Eyes 'Voluntary and Flexible' Retirement Age Increase to Address Aging Population
China's Communist Party is considering a gradual and flexible increase in the retirement age to address pension system pressures caused by an aging population and declining birth rates.
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In addition to funding, selected AI entrepreneurs will also be given access to a network of investors as well as advanced AI research and tools.
Competition drives innovation, efficiency, and improvement across various fields and endeavors. Look at Google and Apple, there is a need and room for both in the smartphone industry; innovation begets innovation. The same is true for infection prevention—the more competition, the better the solutions. Hylomorph, a clinical-stage medical device company, has developed one such solution that has the potential to minimize post-surgical complications greatly.
More than half of workers surveyed cited low pay as the top reason why they were likely to quit their jobs this year.
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November.
The global tech outage affected about 8.5 million Windows-based computers and laptops worldwide. A global tech outage following a faulty update from Crowdstrike caused business operations around the world to stop on Friday, leading to an estimated $1 billion in damages.
The new round of monthly payments will be sent out to eligible retirees born on or after the 21st of a month.
More than 2,000 flights in the US were canceled by Sunday evening following the tech outage. Hundreds to thousands of businesses worldwide are still struggling following a faulty software update that caused global tech outages on Friday.
US President Joe Biden announced that he was standing down from the country’s presidential election this November, endorsing Vice President Kamala Harris on his stead.
Hong Kong company known for its fermented Tofu, Liu Ma Kee, faces backlash after it was revealed that they imported and repackaged tofu under unsanitary conditions, contrary to its claims of producing it from scratch.
