News

[Source-webpronews.com] New Paradigm in AI Reasoning OpenAI Unveils New AI Model, marking a major breakthrough in artificial intelligence with its latest innovation, officially known as OpenAI o1. This model represents a shift from the company’s previous focus on scaling up model size, as seen with GPT-4, to a new approach that emphasizes log…

[Sourc e-economictimes.indiatimes.com] SEATTLE (AP) — Machinists Vote to Strike after overwhelmingly rejecting Boeing's proposed pay increase, adding to the aircraft manufacturer's ongoing challenges with production issues and financial difficulties. The International Association of Machinists and Aerospace Workers (IAM) announced that its me…

[Source - freemalaysiatoday.com] Shanghai, Sept 12 – U.S. Business Optimism in China has been significantly dampened by political tensions, slowing economic growth, and intense domestic competition. According to a survey released on Thursday by the American Chamber of Commerce in Shanghai, optimism about the five-year business outlook in China h…

[Source - standardmedia.co.ke] Brussels, September 10, 2024 — European Union antitrust chief Margrethe Vestager celebrated two significant victories today as Europe's highest court upheld her actions against Apple and Google in landmark rulings. EU's Vestager scores major win with these decisions, marking a pivotal moment in the EU’s efforts to …

[Source - waka.com] Company Struggles with Soft Sales and High Inflation Discount retailer Big Lots files Chapter 11 bankruptcy protection, grappling with reduced consumer spending and weaker sales performance. The Columbus, Ohio-based retailer announced its plan to sell its assets and ongoing business operations to private equity firm Nexus …

[Source - dapsmagic.com] As the standoff between DirecTV and Disney extends into its second week, tensions have escalated. On Saturday night, DirecTV filed a formal complaint with the Federal Communications Commission (FCC), accusing Disney of negotiating in bad faith. The dispute began when Disney channels, including ESPN and ABC-owned stati…

[Source-valuethemarkets] Traders Cut Long Positions Amid Concerns Over Demand and Supply Despite a modest increase in bullish positions last week, portfolio managers have significantly reduced their long positions in the oil futures market over the past two months. This reduction is driven by concerns about slowing demand and rising supply. …

[Source-hollywoodreporter] Skydance and Paramount Global Highlight Benefits for CBS and Local Stations In a recent filing with the Federal Communications Commission (FCC), Skydance and Paramount Global detailed how their proposed merger will benefit CBS and local stations. This filing is part of the initial steps required to secure regulatory…

[Source-ft] Treasury Yield Curve Shows Signs of Change The U.S. bond market neared a significant turning point, with a closely monitored indicator on the Treasury yield curve edging closer to positive territory for the first time since 2022. According to Dow Jones Market Data, the yield on the 2-year Treasury note, which stood at 3.774%, has …

Ulaanbaatar Hosts Russian Leader Despite International Criticism Russian President Vladimir Putin was greeted with a grand ceremony in Ulaanbaatar, Mongolia's capital, marking a highly symbolic visit that underscores the country's enduring ties with Russia. The event featured soldiers on horseback and live martial music and was a showcase of Mon…