That percentage exceeded
the Dow Jones estimate of 2.3%.
President Biden took to Twitter
after the report was released.
.
However, NBC News reports that the increase is largely attributed to a narrowing trade deficit which economists don't expect to see again in future quarters.
Increased consumer and government spending, as well as nonresidential fixed investment, propped up gains too.
.
Increased consumer and government spending, as well as nonresidential fixed investment, propped up gains too.
.
But gains were offset by drops in private inventories and residential fixed investment.
.
Overall, while the 2.6% rebound in the third quarter more than reversed the decline in the first half of the year, we don’t expect this strength to be sustained, Paul Ashworth, chief North America economist at Capital Economics, via CNBC.
Exports will soon fade and domestic demand is getting crushed under the weight of higher interest rates.
We expect the economy to enter a mild recession in the first half of next year, Paul Ashworth, chief North America economist at Capital Economics, via CNBC
John Mayer Announces , First-Ever Solo Acoustic Tour.
Yahoo Entertainment reports that
Mayer will go on tour this spring.
He took to Twitter to announce his
North American tour which consists of 19 dates. .
A fan ticket pre-sale will take place on Feb. 1.
Regular ticket sales will begin Feb. 3 at 9:00 a.m.
Tickets can be bought
via Ticketmaster or Stubhub.
The tour begins March 11 in Newark, NJ and wraps on April 14 in Los Angeles, CA.
Once that tour is over, Mayer
will go on tour with Dead & Company.
The Dead & Company tour
begins May 19 in Los Angeles.
It ends July 16 in San Francisco, CA
Credit: Wibbitz Top Stories Duration: 01:31Published
Upcoming Solar Eclipse , Will Be the Last One , Visible From the US for Decades.
NBC reports that people in Mexico, Canada and
the United States will soon have their last chance to see a total solar eclipse before the next one occurs in 20 years.
NBC reports that people in Mexico, Canada and
the United States will soon have their last chance to see a total solar eclipse before the next one occurs in 20 years.
On April 8, 2024,
a total solar eclipse will pass
over North America. .
According to NASA, it's the last time
the contiguous U.S. will see a total
eclipse until August of 2044.
A total solar eclipse occurs when
the Moon passes between the Earth
and the Sun, which darkens the sky. .
While these events are not uncommon,
they only occur over specific
parts of the Earth each time.
The last time the continent
experienced a total solar
eclipse was in 2017. .
At the time, the path of
the eclipse traveled from
Oregon to South Carolina.
The upcoming eclipse will
enter the U.S. in Texas before
sweeping across the nation.
Other states along the path are Oklahoma, Arkansas,
Missouri, Illinois, Kentucky, Indiana, Ohio, Pennsylvania, New York, Vermont, New Hampshire and Maine.
NBC reports that viewers outside of
the eclipse's direct path will still be
able to observe a partial eclipse
Credit: Wibbitz Top Stories Duration: 01:31Published
2023 Coachella
Lineup Announced.
'Variety' reports that the lineup was announced
by promoters Goldenvoice on Jan. 10.
Blackpink, Bad Bunny and Frank Ocean will headline.
Blackpink, Bad Bunny and Frank Ocean will headline.
Blackpink, Bad Bunny and Frank Ocean will headline.
Other big-name acts include Bjork, Rosalia, Pusha T.
Other big-name acts include Bjork, Rosalia, Pusha T.
Other big-name acts include Bjork, Rosalia, Pusha T.
The Kid LAROI, Chemical Brothers, Gorillaz.
The Kid LAROI, Chemical Brothers, Gorillaz.
The Kid LAROI, Chemical Brothers, Gorillaz.
Wet Leg, Charli XCX, Christine and the Queens.
Wet Leg, Charli XCX, Christine and the Queens.
Wet Leg, Charli XCX, Christine and the Queens.
Idris Elba, The Breeders, Blondie and many more.
Idris Elba, The Breeders, Blondie and many more.
Idris Elba, The Breeders, Blondie and many more.
The festival will take place
April 14-16 and April 21-23.
'Variety' reports that Coachella is the
largest music festival in North America.
All of the event's 125,000 per-day tickets
have already been purchased. .
Additionally, festival promoters say that
“very limited Weekend 1 passes remain; for your
best chance at passes, look to Weekend 2.”
Credit: Wibbitz Top Stories Duration: 01:30Published
India on Thursday chose not to comment on reports about a possible visit of Prime Minister Narendra Modi to Washington at the invitation of President Joe Biden. IndiaTimes
A firm in the US has asked the Biden administration to okay a deal in which two drones can be sent to Ukraine for only one dollar.
#Drone #Ukraine #USA
Prime Minister Narendra Modi's political standing is set to get a boost amid critical domestic and international scrutiny with a likely state visit to the White.. IndiaTimes
Latest Fed Rate Outlook , Has Mixed Impact , on US Stock Markets.
Business Insider reports that U.S. stocks saw
mixed results as investors reacted to the
latest Federal Reserve interest rate outlook.
Business Insider reports that U.S. stocks saw
mixed results as investors reacted to the
latest Federal Reserve interest rate outlook.
On January 9, San Francisco Fed President Mary Daly,
along with Atlanta Fed President Raphael Bostic, said
the central bank is likely to raise rates past 5%.
On January 9, San Francisco Fed President Mary Daly,
along with Atlanta Fed President Raphael Bostic, said
the central bank is likely to raise rates past 5%.
According to Business Insider, they also said
the Fed is expected to keep rates raised as
a means of combating record-high inflation.
CME FedWatch suggests 80% odds
that another 25-basis-point hike
is on the way in February.
Investors are also eagerly anticipating
the December Consumer Price Index
report due out on January 12.
That report is a key inflation measure
that will have an influence on the
central bank's upcoming policy decisions. .
At the closing bell on January 9, the S&P 500 ended the day
down 0.08%, the Dow Jones Industrial Average ended
down 0.34% and the Nasdaq Composite went up 0.63%. .
Meanwhile, Bank of America has warned
that stock valuations remain too high and
the market risks dropping by as much as 30%.
Meanwhile, Bank of America has warned
that stock valuations remain too high and
the market risks dropping by as much as 30%.
Morgan Stanley has warned
that the S&P 500 could
slip an additional 22%. .
Morgan Stanley has warned
that the S&P 500 could
slip an additional 22%. .
However, according to Moody's economist, the chances
of the U.S. avoiding a recession are growing as
the number of layoffs has been below expectations.
Credit: Wibbitz Top Stories Duration: 01:31Published
James Gunn Unveils , DC’s New Film and TV Projects.
In October, Gunn and Peter Safran
were named co-CEOs of DC Studios.
In October, Gunn and Peter Safran
were named co-CEOs of DC Studios.
CNBC reports that on Jan. 31, Gunn announced a
slate of new projects that will comprise the next
eight to 10 years of content from Warner Bros. Discovery.
In a social media video, Gunn revealed close to a dozen projects for a new chapter of the DC Extended Universe (DCEU), "Gods and Monsters.".
New films will include 'Superman: Legacy,'
'The Authority,' 'The Brave and the Bold,'
'Supergirl: Woman of Tomorrow' and 'Swamp Thing.'.
New TV projects will include
'Creature Commandos,' 'Waller,'
'Booster Gold,' 'Lanterns' and 'Paradise Lost.'.
One of the things that’s very
important for me in all of these movies and TV series is that the director’s vision and the vision of the writers
and all of the creators is unique, James Gunn, co-CEO of DC Studios, via statement.
Gunn also clarified that moving forward, projects that aren't included in the DCEU will be categorized as part of "DC Elseworlds.".
This includes a 2024 'Joker' sequel and
'The Batman - Part II,' due in 2025.
This includes a 2024 'Joker' sequel and
'The Batman - Part II,' due in 2025.
Upcoming 2023 theatrical releases include
'Shazam: Fury of the Gods,' 'The Flash,'
'Blue Beetle' and 'Aquaman and the Lost Kingdom.'.
Upcoming 2023 theatrical releases include
'Shazam: Fury of the Gods,' 'The Flash,'
'Blue Beetle' and 'Aquaman and the Lost Kingdom.'
Credit: Wibbitz Top Stories Duration: 01:30Published
Microsoft Users Hit With , Global Cloud Outage.
CNBC reports that on Jan. 25, Microsoft's cloud platform, Azure, went down and affected products such as Teams, Outlook and more.
Downdetector saw a spike in issues with
Microsoft 365 products being reported at 3 a.m. ET.
Microsoft told customers they may , “experience issues with networking connectivity, manifesting as network latency and/or timeouts when attempting to connect to Azure resources in multiple regions, as well as other Microsoft services.”.
We’ve identified a potential networking issue and are reviewing telemetry to determine the next troubleshooting steps, Microsoft, via statement.
According to CNN, the Americas, Europe, Asia Pacific, Middle East and Africa were impacted.
Microsoft has since reversed a network change that may have caused the disruption. .
CNBC reports that by about 9:30 a.m. ET,
Microsoft's services were recovered and stable.
The outage comes hours after Microsoft reported its earnings for the quarter ending in December.
Credit: Wibbitz Top Stories Duration: 01:30Published
Amazon Offers Prime Members , a Generic Prescription Perk.
CNBC reports that Amazon
debuted RxPass on Jan. 24.
The new perk will grant Prime members access to 50 generic medications
that treat over 80 conditions.
However, insulin and specialty
medications are not available.
The service is also not accessible
to those on Medicaid or Medicare.
RxPass costs $5 a month
and includes free delivery.
The move marks Amazon's latest
push into the health care sector.
CNBC reports that Amazon launched an online pharmacy in 2020 after acquiring PillPack in 2018.
In July, the company revealed it is acquiring One Medical, a primary care provider. .
Vin Gupta, chief medical officer at Amazon, said the company strives to create a "fundamentally different" pharmacy experience. .
This is still day one for us where we’re
at our beginning stages here, but we recognize that change is needed. , Vin Gupta, Amazon chief medical officer, via statement.
That’s what patients across the
country are telling us, and that’s
what Amazon is responding to, Vin Gupta, Amazon chief medical officer, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Microsoft Announces , Third Phase of
Multibillion-Dollar
Investment , in OpenAI.
Microsoft Announces , Third Phase of
Multibillion-Dollar
Investment , in OpenAI.
The new phase of
investment in the
ChatGPT-maker was
announced on Jan. 23.
While Microsoft did not reveal the exact amount of the investment.
... CNBC reports that it could potentially reach $10 billion.
Microsoft went public about its OpenAI investment in 2019, when the company became the exclusive cloud computing services provider.
We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform, Satya Nadella, Microsoft CEO, via CNBC.
According to AI researchers, OpenAI ranks among the top three AI labs in the world.
The company's ChatGPT is a text generator that has gone viral since its release in Nov. .
Modern AI systems work well for the specific problem on which they’ve been trained, Joint Press Release From July 2022, via CNBC.
... but getting AI systems to help address some of the hardest problems facing the world today will require generalization and deep mastery of multiple
AI technologies, Joint Press Release From July 2022, via CNBC.
OpenAI and Microsoft’s vision is for artificial general intelligence to work with people to help solve currently intractable multidisciplinary problems, Joint Press Release From July 2022, via CNBC.
... including global challenges such as climate change, more personalized healthcare
and education, Joint Press Release From July 2022, via CNBC.
We believe that the creation of beneficial AGI will be the most important technological development in human history, , OpenAI Press Release From July 2022, via CNBC.
... with the potential to shape the trajectory of humanity, OpenAI Press Release From July 2022, via CNBC.
OpenAI's founding investors include
Elon Musk and Sam Altman. .
OpenAI's founding investors include
Elon Musk and Sam Altman.
Credit: Wibbitz Top Stories Duration: 01:31Published
Netflix Founder Reed Hastings , Steps Down As Co-CEO.
CNBC reports that Netflix made the announcement on Jan. 19.
Greg Peters will join Ted Sarandos as co-CEO.
Greg Peters will join Ted Sarandos as co-CEO.
Sarandos issued a statement
about Hastings stepping down.
I want to thank Reed for his visionary leadership, mentorship and friendship over the last 20 years. , Ted Sarandos, Netflix co-CEO, via statement.
We’ve all learned so much from his intellectual rigor, honesty and willingness to take big bets — , Ted Sarandos, Netflix co-CEO, via statement.
... and we look forward to working with him for many more years to come, Ted Sarandos, Netflix co-CEO, via statement.
Hastings took to Twitter to share that he plans to "serve as Executive Chairman for years to come.".
Netflix also revealed its
fourth-quarter earnings report.
The company says it met Wall Street's expectations and added millions more subscribers than anticipated
Credit: Wibbitz Top Stories Duration: 01:30Published
RBI on Friday cut its GDP forecast for 2022-23 to 7% from 7.2% but retained the inflation projection... IndiaTimes - Published Also reported by •Zee News •newKerala.com
GDP grows 2.6% as midterms approach; New Uvalde bodycam footage fuels anger over law enforcement response; Putin blames West for war in Ukraine; and more on tonight’s broadcast.
The Central Bank of Russia (BCR) has improved its GDP forecasts for the Russian economy this year, predicting a less severe recession than it previously thought.
Credit: euronews (in English) Duration: 01:15Published
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