Author: Angel City Editorial Team
Veteran Wall Street investor Ed Yardeni downplayed the risk of an imminent recession but warned that the disappearance of bearish sentiment is a contrarian signal about the sustainability of the bull market. Yardeni emphasized that recent weak economic data has paradoxically boosted stock prices because investors have interpreted the bad economic news as an increased likelihood that the Federal Reserve will cut interest rates soon. “Signs that the Fed may soon cut the federal funds rate sent stocks soaring despite weak economic data,” Yardeni said. Yardeni highlighted the underlying weakness in economic indicators such as the Citigroup Economic Surprise Index,…
At the World AI Conference held in Shanghai last week, SenseTime, one of China’s leading artificial intelligence companies, unveiled its latest model, the SenseNova 5.5.The model demonstrated the ability to identify and describe a stuffed puppy (wearing a SenseTime cap), provide feedback on a drawing of a rabbit, and instantly read and summarize a page of text. SenseTime says SenseNova 5.5 rivals GPT-4o, the flagship artificial intelligence model from Microsoft-backed US company OpenAI.If that wasn’t enough to attract users, SenseTime is also giving away 50 million tokens, digital credits for AI usage, for free, and says it will have staff…
Huffington Post founder Arianna Huffington and OpenAI CEO Sam Altman are hard at work on a new venture, Thrive AI Health, which aims to build AI-powered assistant technology that promotes healthier lifestyles. Thrive AI Health, which is backed by Huffington’s mental wellness company Thrive Global and OpenAI Startup Fund, an early-stage venture fund with close ties to OpenAI, aims to build an “AI health coach” that can offer personalized advice on sleep, nutrition, fitness, stress management and connection, according to a press release issued on Monday. DeCarlos Love, who previously led fitness and health experiences at Google subsidiary Fitbit, primarily…
Larry Ellison is providing most of the funding for his son David Ellison’s Skydance Media merger with Paramount, TheWrap has learned. Oracle’s founders and their families are contributing $6 billion to the deal, with private equity firm RedBird Capital Partners putting up the remaining $2 billion. According to Forbes magazine, Larry is the fifth richest person in the world with a net worth of $180 billion. Redbird founder Jerry Cardinale added that this is the company’s largest investment to date. After on-and-off negotiations with Paramount, Skydance Media agreed on Sunday to merge with the storied studio in a deal that…
By Kelly Todd Griffin, Special to California Black Media Partners California prides itself on its progressive values and commitment to diversity and inclusion, but the economic disparities facing Black women in the state pose troubling contradictions to this self-image. With over 1 million Black women living in California, the fifth most populous state in the nation, it is important to shine a light on the inequities we face. The data speaks volumes: Black women are systematically underserved and underrepresented, and face wealth disparities, higher poverty rates, and greater financial burdens. Consider the glaring wealth disparity: Black women hold just 10%…
FLORISSANT, Mo. – The Florissant Police Department is searching for a brazen robber who broke into multiple businesses in one night. Investigators said the incidents all happened within a 30-minute period between 1 a.m. and 1:30 a.m. on Monday. The windows and doors are boarded up now, but earlier this morning the situation was different. The incident began with a break-in at Brennan’s Bar & Grill in the 1700 block of Thunderbird Avenue near Lindbergh. After Brennan’s, the gunman went to a Subway in the 2500 block of North Lindbergh Avenue. Soon after, the gunmen struck a Qdoba and Edible…
“The labor essential to data work, such as moderation and annotation, is systematically hidden from those who profit from the fruits of that labor. A new project shines a spotlight on the lived experiences of data workers around the world, showing firsthand the costs and opportunities of doing tech work overseas.” Much of the boring, thankless, and psychologically damaging work is outsourced to poor countries, where workers are happy to take on jobs for a fraction of the wages in the U.S. or Europe. This labor market puts it in the ranks of “boring, dirty, and dangerous” jobs, such as…
KAILUA, HAWAII – Normal Lab, a Kailua, Oahu-based tech startup, is making waves in the tech world with its innovative approach to hardware and climate-conscious design. Founded by two friends, Normal Lab began as a side project converting a 1968 Volkswagen bus into an electric vehicle. This sparked a passion for sustainable technology that led to the founding of Normal Lab and its non-profit organization, Electro Lab. Mikey learned about the venture from owner Josh Leong and engineer Ashten Akemoto. Founded by two friends with a shared vision for sustainable technology, Normal Labs has grown to become a staple in…
At Homes & Gardens, we’re passionate about making sure you always have the right kitchen supplies on hand to help you cook and serve with ease and efficiency – it’s like having your own dedicated team of sous chefs to help ease those busy mornings and exhausting evenings.But with so many smart kitchen appliances on the market, it can be hard to narrow down which ones are worth buying. Because everyone has different skills in the kitchen, we did a quick analysis to determine which items are most useful for every skill level. And you can get them all at…
Trey G. Freeman, Commodity Futures Broker/Livestock Agent, Ever.AgOpen interest in live cattle futures increased by about 15,000 contracts last week, with August futures hitting a nine-month high. The contract closed the week at $186.425 per 100 lbs, up $1. The August contract remains at a discount to cash prices, with Five Area Fedsteer prices hovering around $195 per 100 lbs.Goldman’s roll began this week and will continue through Friday. The roll will limit the upside potential of the August contract and provide support to the October and December futures. Once the roll is complete, the August contract will have a…