Author: Editor-In-Chief
The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.75-4.00% amid signs of a slowdown in the labor market and continued pressure on consumer prices.The rate cut announced Wednesday is the second rate cut by the U.S. central bank this year.Recommended stories list of 4 itemsend of list”Job growth has slowed this year and the unemployment rate rose slightly, but remained low through August. Recent indicators are consistent with these trends. Inflation has increased since the beginning of the year and remains slightly elevated,” the Fed said in a statement.“Uncertainty about the economic outlook remains high.”The…
More than 100,000 homes were flooded, mainly in the tourist areas of Hue and Hoi An, with more rain expected.Published October 29, 2025October 29, 2025Click here to share on social mediaShare 2shareHeavy rains have caused severe flooding in central Vietnam, leaving at least nine people dead and five missing, authorities said.Six of the deaths occurred in the coastal city of Da Nang and the ancient capital of Hoi An, the government said in a statement Wednesday.Recommended stories list of 3 itemsend of listVietnam’s Civil Defense Agency said in a report that 11 people were injured in the flooding.The Ministry of…
Oliver Bearman should take the next available seat at Ferrari, according to Sky Sports F1’s Martin Brundle.The 20-year-old Briton secured fourth place for Haas in Sunday’s Mexico City Grand Prix, securing his best result to date in his impressive full rookie season in F1. Bearman signed with the Ferrari Driver Academy in 2021 and made his grand prix debut as a substitute for Carlos Sainz in Saudi Arabia last year before being loaned to Haas on a multi-year deal in early 2025.Ferrari has signed Lewis Hamilton and Charles Leclerc until at least the end of 2026, but the grid could…
Nvidia, the biggest beneficiary of the ongoing AI boom, became the first publicly traded company to cross the $5 trillion market capitalization milestone. The company’s shares rose more than 5.6% to $212.19 on Wednesday following news Wednesday that U.S. President Donald Trump said he planned to discuss the company’s Blackwell chip with Chinese President Xi Jinping on Thursday. Investors will likely also be excited that Nvidia CEO Jensen Huang said Tuesday that the company expects sales of AI chips to be $500 billion and is building seven new supercomputers that will require thousands of Nvidia GPUs for the United States…
clean sparkbased in Las Vegas Bitcoin Miners are moving towards artificial intelligence and have started developing AI data centers in parallel with their crypto mining operations. The company’s CEO detailed the recently announced strategy on CNBC’s “Crypto World” this week and why it is likely to become a core part of the business model of more crypto mining companies.In one key example of why Bitcoin miners can win in the fast-growing data center market, CleanSpark recently won a 100-megawatt site in Cheyenne, Wyoming, beating tech giant Microsoft in the deal, according to the company’s CEO.How did a company with a…
Etsy NYC headquarters building in New York City.Michael M. Santiago | Getty Images News | Getty ImagesEtsy Chief Executive Officer Josh Silverman will step down from his role and transition to the role of executive chairman at the end of the year, the online marketplace announced Wednesday.Kurti Patel Goyal, Etsy’s president and head of growth, who previously oversaw the Depop reseller app, will take the helm at Etsy starting January 1, 2026, the company announced.Etsy stock fell more than 8% in afternoon trading following the news, which was announced alongside the company’s third-quarter earnings report. Although the company achieved increased…
Millions of Palestinians remain crammed into overcrowded tents, overcrowded schools and other buildings or sleeping on the streets of Gaza as Israel continues its genocidal war in the enclave despite a fragile ceasefire. Overcrowding, poor sanitation, food and medicine shortages have made Gaza’s makeshift shelters hotbeds for infectious diseases. “Under these circumstances, it is not possible to maintain even the minimum standards of human dignity and hygiene,” Samaher Said, protection manager for Palestine Medical Assistance (MAP) in Gaza, told Al Jazeera from southern Gaza. “There is no stability, there is no security,” Said added, capturing the daily reality faced by…
Editor’s note: Call to Earth is a CNN editorial series dedicated to reporting on the environmental challenges facing our planet and their solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to promote awareness and education on key sustainability issues and inspire positive action. Broadcaster and naturalist David Attenborough is leading an appeal to raise 30 million pounds ($40 million) to buy and preserve vast tracts of British land. Rothbury Estate is located in the heart of Northumberland, in the north-east of England, on the border with Scotland. The 9,486-acre property includes forests, rivers, historic sites, and the Simonside Hills,…
Paul Merson says Chelsea’s lack of experience is a big factor in their inconsistent performance in the Premier League, but he believes they still have the talent to continue to do well in cup competitions.Enzo Maresca’s side lost 2-1 to Sunderland at Stamford Bridge on Saturday, leaving them ninth in the league. However, they have a chance to bounce back with a win in Wednesday night’s Carabao Cup clash with Wolves (live on Sky Sports), which Merson described as an important game for the Blues as they look to build on their Conference League and Club World Cup wins from…
AI labs are trying something new these days: hiring former senior employees at companies to gain industry knowledge instead of signing expensive contracts with companies for data, Mercor CEO Brendan Foody said Tuesday at TechCrunch Disrupt 2025. Speaking on an on-stage panel, Foody cited Mercor’s marketplace as one of the key channels to connect former employees of investment banks, consulting firms, and law firms with AI labs looking to automate those industries. Mercor’s customers include OpenAI, Anthropic, and Meta. “There’s an argument that Goldman Sachs doesn’t like the idea of having a model that can automate the value chain,” Foudy…