JPMorgan Chase chairman and CEO Jamie Dimon says we shouldn’t deny that AI will create and eliminate jobs — but from his standpoint, the changes are inevitable and the bank, which is the biggest in the U.S. with $3.4 trillion in assets, will handle them as they come. “If [AI] changes jobs and operations elsewhere,…
NEW DELHI: Realtors’ apex body Credai on Wednesday said the RBI should have cut key interest rates to boost housing demand during the current festive season and demanded that the apex bank must consider lowering the repo rate in the next meeting. The Reserve Bank of India (RBI) kept its key interest rate unchanged on…
The town of Canton, Connecticut, population 10,124, has been trialing a four-day workweek for its employees for nearly a month — and so far, it’s been a success. On September 16, the town’s non-unionized employees who work in the town hall, social services, and senior services began getting Fridays off. “I wanted to find a…
If you’ve bought Breyers vanilla ice cream in the last eight years, you might be eligible for a cash payout. Breyers will pay an $8.85 million settlement as part of a class-action lawsuit that alleged its “Natural Vanilla” label was misleading because the ice cream reportedly contained vanilla flavors not from the vanilla bean. Related:…
Two North America-based academics used physics to help pioneer advances in AI — and now they’re being rewarded for their contributions with the 2024 Nobel Prize in Physics. The Royal Swedish Academy of Sciences announced on Tuesday that Princeton emeritus professor John Hopfield and University of Toronto professor Geoffrey E. Hinton were the latest Physics…
Gold prices have increased by 6.3% in dollar terms and 7.1% in rupee terms in the last month. (AI image) Gold price outlook: Analysts advise investors to spread out their gold purchases over the coming months instead of making a single large investment. They caution that the precious metal’s prices may experience significant pullbacks following…
Technical analysis by Nagaraj Shetti of HDFC Securities indicates that the Nifty could decline further towards the support levels of 24,500-24,400. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat on Tuesday. While BSE Sensex was above 81,000, Nifty50 was near 24,750 levels. At 9:16 AM, BSE Sensex was…
The floodwater from Hurricane Helene, the Category 4 hurricane that impacted six states and caused at least 230 deaths in late September, swept a 7,000-pound Rivian electric truck about 100 yards away from where it was parked. When its owner found the truck, opened its mud-encrusted door, and tried to turn it on, he found…
Las Vegas billionaire Lorenzo Fertitta has been enjoying fall in the Northeast on his 285-foot megayacht, Lonian, and he doesn’t travel light. Wherever he goes, he also brings a second megayacht, the 217-foot Hodor, which follows the Lonian and carries equipment. (The average motor yacht, by the way, is around 40 to 70 feet, and…
NEW DELHI: In the latest scare for Boeing 737s, the Directorate General of Civil Aviation (DGCA) Monday sounded an alert for Collins Aerospace rudders jamming on these planes. The regulator has also asked operators using B737s with affected Collins rudders to stop low visibility CAT 3B landings on these planes apart from conducting risk assessment…
