Author: Angel City Editorial Team

U.S. stocks were on track to hit new records on Wednesday, with major indexes rising as traders digested remarks from Fed Chairman Jerome Powell, who is due to continue testifying on Wednesday. Thank you for your registration! Access your favorite topics on the go with your personalized feed. Download the App By clicking “Sign Up”, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at any time by visiting your settings page or clicking “unsubscribe” at the bottom of our emails. U.S. stocks rose on Wednesday, on track to hit new records, with major stock indexes…

On Wall Street, the S&P 500 and Nasdaq rose to new highs for the fifth consecutive trading day at the open on Wednesday.The rally was fuelled by semiconductor and big technology stocks.As of 9:53 a.m. ET, the Dow Jones Industrial Average was up 17.83 points, or 0.05%, at 39,309.80, the S&P 500 was up 14.12 points, or 0.25%, at 5,591.10 and the Nasdaq Composite was up 87.84 points, or 0.48%, at 18,517.13.At the opening bell, the S&P 500 rose 14.28 points, or 0.26%, to 5,591.26, the Nasdaq Composite added 82.80 points, or 0.45%, to 18,512.09 and the Dow Jones Industrial…

When talking about sleeper teams in the ACC, Virginia Tech, NC State, SMU and Louisville are the ones that get talked about. Georgia Tech doesn’t often come up in that discussion, but that’s mostly because the Yellow Jackets’ schedule includes games against Florida State, Louisville, Notre Dame, Virginia Tech, Miami, NC State and Georgia. The team once again features most of the best offenses in the conference, but has just 5.5 wins to start the season. I’ve written before that Georgia Tech is one of the most underrated teams in the nation and a sleeper in the ACC heading into…

Samsung unveiled the latest versions of its two foldable smartphones at its Unpacked 2024 event on Wednesday. The Galaxy Z Fold 6 and Galaxy Z Flip 6 are thinner and lighter than their predecessors, while the Fold 6 brings a long-awaited update to the traditional narrow front display aspect ratio. Both devices come at a higher starting price of $1,900 for the Fold and $1,100 for the Flip, which is $100 more than the previous models. But as expected, this is above all an artificial intelligence effort. In fact, the release announcing the new devices mentions “AI” a total of…

by Market Cap. Net Sales. Net Profit. Total Assets. Excise Duty. Other Revenues. Raw Materials. Power & Fuel. Labour Costs. PBDIT. Interest. Tax. EPS. Investments. Sundry Debtors. Cash/Bank. Inventory. Liabilities. Contingent Liabilities. Screen Critical Abrasives Aerospace & Defense Agriculture Air Conditioning Airlines Aluminum & Aluminum Products Amusement Parks/Recreation/Clubs Aquaculture Auto Parts Auto Parts – Air Conditioning Parts Auto Parts – Car, Truck & Motorcycle Parts Auto Parts – Axle Shafts Auto Parts – Bearings Auto Parts – Brakes Auto Parts – Bus Bodies Auto Parts – Castings/Forgings Auto Parts – Clutches Auto Parts – Diesel Engines Auto Parts – Engine…

Not all investors are looking to invest for the long term. Some prefer shorter time frames and volatile stocks, hoping to make profits in days or weeks rather than years. While short-term investors can make big gains from time to time (like the 2021 meme stock short squeeze), day and swing trading is often about accumulating small gains and minimizing losses. To get started in short-term trading, you need to understand why day and swing traders focus on different factors and concepts than long-term investors. Short-term trading requires technical skill, knowledge of market trends, and the ability to stay calm…

European Central Bank governors have warned about threats linked to shadow banking. In an interview with the Financial Times published on Wednesday (July 10), Elizabeth McCaul said that the expansion of hedge funds, private credit providers and other sources of funding outside the regulated banking system are the biggest threats to Europe’s financial environment. “There are certainly warning signs ahead of us,” McCaul said, “most notably in the area where we are least certain and where things could move faster than normal credit trends: the non-bank financial intermediation markets.” Citing European Commission data, the report showed that non-banking organisations in…

From “AI will save us” to AI apocalypse, recent narratives around AI safety and regulation raise questions about who can and should participate in the discussion. Interest in generative AI techniques and large language models (LLMs) has shifted the discussion from real-world harm to so-called “existential risks,” mirroring the tech industry’s narrative about the “existential threat” that AI poses to humanity. In May, a paper in Science magazine highlighted the extreme risks and shortcomings of new governance initiatives. An open letter in 2023 called on all AI labs to “immediately pause the training of AI systems more powerful than GPT-4…

A man has been arrested after vandalizing a Rite Aid store in Los Angeles on Tuesday night. According to preliminary information, Los Angeles Police were dispatched to the Rite Aid at 226 North Larchmont Boulevard in the Larchmont neighborhood of Los Angeles around 9:30 p.m. on a report of a disturbance. Six foreigners indicted in Southern California in massive ATM skimming scam The video shows the man strolling around the store in front of the toppled shelves and also throwing a bottle of lighter fluid into the store. Customers inside the Rite Aid store also reported the man was making…

Samsung Electronics announced a partnership with Japanese AI company Preferred Networks to supply advanced processors manufactured on the company’s 2nm-class process technology (possibly also known as SF3P) and packaged using its Interposer-Cube S 2.5D packaging technology, which are Preferred Networks’ own AI accelerators for data centers to use in upcoming projects. The system-on-chip AI accelerator will be developed by Gaonchips, a South Korean chip contract design company that partners with Arm and others. Samsung has not revealed the specifications or target performance of the processor it will produce for Preferred Networks, but the use of its Interposer-Cube S 2.5D packaging…