Amazon Reportedly Ramps Up Logistics Expansion
Media reports that Amazon is currently stepping up efforts to expand logistics to improve its competitive position in the market, where companies such as Walmart, Shein, and Temu are also present.
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Nvidia Continues to Benefit From AI
Nvidia last Wednesday, May 22, released information about the financial results of its activities in the last quarter, which proved that this company continues to be one of the main beneficiaries of the so-called artificial intelligence boom.
Joe Biden Administration to Forgive $7.7 Billion in Student Debt
The administration of the President of the United States Joe Biden on Wednesday, May 22, announced that student loans for $7.7 billion will be forgiven to more than 160,000 borrowers.
Fed’s Christopher Waller Says About Conditions for Lowering of Interest Rates
Federal Reserve Governor Christopher Waller said that to decide on easing monetary policy, which provides for a cut in interest rates, it is necessary to receive several more positive reports on the dynamic of inflation.
Nvidia and Kyndryl to Help Businesses Implement GenAI
Kyndryl has teamed up with Nvidia to provide technology and services to businesses that seek to implement solutions based on generative artificial intelligence.
DoorDash Scales Ulta Partnership to All 50 States
DoorDash announced the expansion of its partnership with Ulta Beauty, which is already three years old.
Red Lobster Files for Bankruptcy
Brand Red Lobster, which activities provided middle-class representatives in the United States with access to shrimps and lobsters, has declared bankruptcy.
Kenya and U.S. to Partner on Developing Green Manufacturing Base
The partners will focus on clean energy, electric vehicle supply chains, and data centers. The new deal will leverage Kenya’s green energy production to help U.S. companies shrink their carbon footprint.
OpenAI Reportedly Dissolves Safety Team
OpenAI decided to disband its team of specialists, which dealt with issues related to long-term risks arising from the use of artificial intelligence.
Avidbank Taps CorServ to Roll Out New Commercial Credit Card Program
Avidbank, based in California, has asked CorServ, which is located in Georgia, for assistance in launching a new credit card program for commercial customers of a financial institution.
Understanding Liability in Multi-Vehicle Car Accidents: A Long Island Perspective
In the bustling streets and highways of Long Island, multi-vehicle car accidents are not uncommon. The complexity of these accidents often confuses who is at fault, making determining liability a challenging affair. For drivers, passengers, and even pedestrians caught in the chaos of a multi-car pileup, understanding the framework for liability within New York’s legal […]
Dell Shares Rise
Last Wednesday, May 15, Dell shares rose by more than 11% after Morgan Stanley raised its price target and released a forecast that this technology company, based in Round Rock, Texas, will increase sales in the foreseeable future amid high demand for artificial intelligence servers.
Dow Crosses 40,000
On the morning of Thursday, May 16, the Dow Jones index crossed the 40,000-point mark for the first time in its history.
Bipartisan Group of US Senators Unveil Plan to Control AI
The federal legislation of the United States aimed at regulating the artificial intelligence industry has become closer to the current technological reality after on Wednesday, May 15, Senate Majority Leader Chuck Schumer, along with a bipartisan trio of senators, announced work on an extensive action plan that will become a kind of concept for congressional […]
US Inflation Slows
In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.
JPMorgan CEO Urges United States to Deal With Deficit
JPMorgan CEO Jamie Dimon on Wednesday, May 15, called on the leadership of the United States to reduce the fiscal deficit as soon as possible, noting that over time the relevant problem will become more difficult in terms of opportunities and prospects for its successful solution.
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