Author: Press Room
Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March.Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed “Rubin,” ahead of the COMPUTEX tech conference in Taipei.Rubin comes months after the March announcement of the upcoming “Blackwell” model, which is still in production and expected to ship to customers later in 2024.Huang’s announcement of Rubin appears to quicken the company’s already-accelerated pace of AI chip advancement.Nvidia has pledged to release new AI chip models on a “one-year rhythm,” as Huang put it on Sunday.…
Media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in Bel-Air, California, where the ceremony took place. Zhukova is the mother of Russian American art collector Dasha Zhukova, the former wife of Russian oligarch Roman Abramovich. Murdoch sat for decades at the helm of Fox Corporation and News Corp, two of the biggest media companies in the world with outlets including the Wall Street…
The ARK Innovation ETF (NYSEARCA:ARKK) has been around since 2014. I wasn’t aware of the fund until Cathie Wood, the CEO and CIO of Ark Invest, started showing up on CNBC touting the results of her fund. As you can see below, ARKK’s results were stellar in the early 2020’s but have substantially lagged in recent years as the ETF’s price has fallen: Data by YChartsI’m not as negative on Woods and ARKK as many other analysts but I do believe investors would be better suited allocating funds elsewhere. Let’s dig into the details of the ETF and I’ll explain…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Narendra Modi is poised to return for a third five-year term as India’s prime minister, according to exit polls published on Saturday that projected a clear victory for his Bharatiya Janata party and its smaller allies.Polls conducted by six Indian TV stations and agencies all showed the Modi-led National Democratic Alliance winning a comfortable majority of between 353 and 401 seats in India’s 543-seat Lok Sabha, or lower house. That leaves Modi with a strong mandate to form the next government, taking him…
Former President Donald Trump was convicted this week of 34 counts of felony business fraud in connection with hush money payments to adult film star Stormy Daniels before the 2016 presidential election. Trump will be sentenced on July 11 and has pledged to appeal the conviction. The guilty verdict, while a major political moment, does not prevent Trump from continuing his presidential campaign nor from serving should he win the White House. Here’s how we got here and what’s next: Trump was indicted in March 2023 by Manhattan District Attorney Alvin Bragg, a Democrat, on 34 charges tied to the…
As folks approach retirement, they often start mentioning their “bucket list” more frequently. The bucket list is generally an itemized agenda of experiences or achievements that a person hopes to accomplish during their lifetime before they “kick the bucket” or die. This concept brings to mind the 2007 film “The Bucket List”. In the movie, fate lands complete strangers Jack Nicholson and Morgan Freeman in the same hospital room. They decide to complete a list of things they want to see and do before they die. They go skydiving, drive luxury cars, fly over the North Pole, visit the Taj…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.875% as of May 20, which is 0.250 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.115 percentage points higher than on Friday. With mortgage rates changing daily, it’s a good…
Millions of American young adults are graduating from college this season and beginning the next chapters of their lives. The ceremonial celebrations of graduations often come with receiving gifts of congratulations from family and friends. Many gifts are money.New grads may be tempted to spend their gift money — but is there a better strategy to invest or bank this money for future use? HATE JOB INTERVIEWS? NEW BOOK PROMISES LIGHTER, BRIGHTER CAREER PROCESS FOR ‘VERY BEST STUFF’ Three money experts shared wisdom, insights and guidance about whether college grads should save or spend their gift money — and the…
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds.”This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck told CNBC’s “ETF Edge” this week. VanEck was the first to apply to the SEC for permission to list its proposed Ethereum ETF. With that first hurdle cleared, VanEck can begin the process of bringing the product to market, though the exact timeline is unclear.”There was a…
Boeing’s first Starliner flight with astronauts on board was called off in the final minutes on Saturday. The company was targeting a launch on June 1 at 12:25 p.m. ET of its capsule, which is carrying astronauts to the International Space Station for the first time in a final major test of the system.The launch’s hold was automatically issued for an unspecified reason, NASA said on its broadcast, with under four minutes remaining in the countdown. Holds in a rocket launch countdown – as well as “scrubs,” indicating a launch delay – are a common occurrence in the industry. The…
