Meta is expanding and updating its child safety features in response to allegations of the proliferation of sexual abuse content about children on its platform. The company has stated that it is developing technology to tackle abuse, hiring specialists dedicated to online child safety, and sharing information with law enforcement and industry peers. “In addition…
Heavy Smog Causes 18 Flights to be Diverted from Delhi Airport On Saturday morning, as many as 18 flights at the Delhi airport were diverted due to bad weather, according to an official. The official stated that the flights were redirected to Jaipur, Lucknow, Ahmedabad, and Amritsar. The airport also posted on a microblogging platform…
Pfizer announced on Friday that it will stop pursuing the twice-daily version of its experimental weight loss pill after obese patients in a mid-stage clinical study reported significant weight loss but had difficulty tolerating the drug due to high rates of mild and gastrointestinal side effects. The pharmaceutical giant’s decision comes after it observed that…
Federal Reserve Chairman Jerome Powell is set to deliver a speech at Spelman College in Atlanta today, with a fireside chat to follow. The event is scheduled to begin at 11 a.m. ET. Powell’s remarks are of particular interest to the market, as there is speculation about whether the Fed will cut rates in the…
Billionaire Investor Charlie Munger Dies at 99 and Leaves a Touching Message on Modesty Charlie Munger, the billionaire investor and long-time business partner to Warren Buffett, passed away on Tuesday at the age of 99. He had previously filmed an interview with CNBC’s Becky Quick, which aired on Thursday evening, and discussed his rationale for…
The Nasdaq has expanded its short-term options portfolio with the introduction of five zero-day options-based exchange-traded funds. These funds are centered around key commodities and a Treasury, and they offer investors the opportunity to trade using a popular short-term options strategy. The funds listed are the United States Oil Fund (USO), United States Natural Gas…
Article: Automatic 401(k) Reenrollment: What This Means for You A new trend in company retirement plans has been gaining traction – 401(k) plan “reenrollment.” This trend involves companies automatically enrolling workers into their workplace 401(k) plan if they are not currently participating. While automatic enrollment typically applies to new hires, reenrollment applies to all workers…
Federal Reserve Board Chairman Jerome Powell, in a speech at Spelman College in Atlanta, dismissed market expectations for aggressive interest rate cuts as premature. Powell emphasized that the Federal Open Market Committee intends to keep policy restrictive until inflation is solidly back to 2%. He also stated that they are prepared to tighten policy further…
Stock Market Update: Midday Trading Report Several companies are making headlines in midday trading. Here are the latest updates: Tesla – Shares slipped slightly as Wall Street assesses the long-anticipated Cybertruck following a delivery launch event in Texas. Disney – Shares remained flat after the entertainment giant reinstated its dividend at 30 cents per share…
UBS Predicts 10-Year Treasury Yield to Drop to 3.5% by 2024 According to UBS, the 10-year Treasury yield is expected to decrease to 3.5% by the end of 2024, down from the current rate of about 4.3%. This drop is anticipated as the Federal Reserve plans to implement two to three interest rate cuts next…
