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U.S. bank stocks surge amid cooler-than-expected inflation data; deVere CEO predicts ‘perfect soft landing’
Cooler-than-expected inflation data propels U.S. bank stocks, fostering belief of a ‘soft landing’ for the economy, according to deVere CEO Nigel Green. He predicts solid growth in tech, healthcare, and infrastructure sectors amid enhanced economic stability.
Musk launches xAI to rival OpenAI, Google
Elon Musk launched xAI, his own AI company, to rival OpenAI. The goal is to understand reality and tackle life’s biggest questions. The team includes former researchers from OpenAI, Google DeepMind, Tesla, and the University of Toronto.
Musk criticizes OpenAI’s political bias and irresponsibility.
Chinese hackers breached US govt email accounts: Microsoft
Chinese hackers, referred to as Storm-0558 by Microsoft, breached the email accounts of several US government agencies. The hackers primarily targeted government agencies in Western Europe and engaged in espionage, data theft, and credential access.
While the targets were not identified, the US State Department confirmed detecting anomalous activity and taking immediate steps to secure their systems. The incident remains under investigation, and the full extent of the breach is being assessed.
Biden blunders again during meeting with King Charles III
During his recent United Kingdom visit, US President Biden inadvertently broke royal protocol multiple times when meeting King Charles III, repeating mistakes previously made by former President Trump, including walking ahead of the monarch and engaging in unanticipated casual physical contact.