What dream job? Gen Z and millennials are being forced to confront a difficult job market.
Gen Z and millennials entering the job market or in the early stages of their careers are facing a much tougher job market than in recent years, and many are adjusting their expectations for a dream career as the hiring landscape worsens. While the job market has looked pretty robust in recent months, there are…
Hurricane season isn’t over. Experts predict a final surge of storms and maybe even a December cyclone.
Hurricane Beryl 2024, as seen from the International Space Station. Hurricane season seems to be rallying for a final surge of storms. AccuWeather, a world-leading weather forecasting company, predicts that November will bring one to three tropical storms strong enough to get names, and the first one could come in just a week. Florida and…
Wall Street is bullish on Meta earnings as analysts eye an AI boost for the tech titan
Mark Zuckerberg Meta Connect 2024 Wall Street analysts are upbeat ahead of Meta’s third-quarter earnings report on Wednesday after the closing bell. Analysts generally expect positive revenue and earnings figures, thanks to the Facebook parent’s AI ad optimization and the firm’s sweeping cost cuts, which included several rounds of layoffs in recent years and saw…
Cash is no longer king. Here are 3 alternatives investors are trading it for, according to chief money managers.
Just a year ago, if the stock market got bumpy or felt risky, investors could shave a bit off their positions and park in cash-like money market funds yielding slightly over 5%. Today, cash alternatives are yielding slightly less. Still, they remain near or above 4.5%, which is a tempting return in exchange for no…
Over 90% of AWS’s biggest data center customers are now using its homegrown Graviton chips, executive says
In 2018, Amazon Web Services launched Graviton, its own line of homegrown central processing unit chips for data center servers. Just six years later, the vast majority of AWS’s largest server customers have become Graviton users. Rahul Kulkarni, AWS’s director of compute and AI/ML, told B-17 that more than 90% of the 1,000 largest elastic…
Boeing is looking for a cash boost that could rise to $24 billion
A Boeing sign on a facility in Seattle. Boeing needs cash, and it could raise up to $24.3 billion as it looks to boost its liquidity. The planemaker announced late Monday that it was offering 112.5 million common shares at a discounted price of $143. Earlier in the day, it had said it was offering…
Israeli strikes dealt a serious blow to Iran’s missile operations but far from destroyed them
Damaged buildings at the Parchin facility on October 27. Satellite images show that Israel’s retaliatory strikes against Iran on Saturday caused damage at military installations linked to Tehran’s missile program. Officials and analysts say the Israeli attack will have some impact on Iranian missile manufacturing operations, but the strikes may fall short of rendering them…
Meet Miriam Adelson, the billionaire GOP donor who’s given $100 million to support Donald Trump’s campaign
Miriam Adelson with Donald Trump. Miriam Adelson, the widow of Las Vegas Sands Corporation CEO Sheldon Adelson, is one of the richest women in the US with an estimated net worth of $35.6 billion, according to Forbes. The Adelsons have donated hundreds of millions of dollars to GOP super PACs, as well as Jewish and…
Mortgage rates will be high throughout 2025 even as the Fed lowers borrowing costs, Goldman Sachs says
Housing affordability isn’t set to get much better next year, Goldman Sachs analysts say. In the bank’s 2025 Housing Outlook, the analysts forecast mortgage rates will remain elevated, even as the Federal Reserve cuts interest rates. They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. According to Freddie Mac…
