Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

WASHINGTON (AP) — The Federal Reserve’s preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.1% from July to August, the Commerce Department said, down from the previous month’s 0.2% increase. … Read more

No, Sam Altman, AI Won’t Solve All of Humanity’s Problems

No, Sam Altman, AI Won’t Solve All of Humanity’s Problems

We already knew where OpenAI’s CEO, Sam Altman, stands on artificial intelligence vis-à-vis the human saga: It will be transformative, historic, and overwhelmingly beneficial. He has been nothing but consistent across countless interviews. For some reason, this week he felt it necessary to distill those opinions in a succinct blog post. “The Intelligence Age,” as … Read more

Post Office boss asked about his pay ‘more than expected’ – board member | Post Office

Post Office boss asked about his pay ‘more than expected’ – board member | Post Office

The chair of the Post Office’s remuneration committee has said she was surprised at how frequently the firm’s boss, Nick Read, asked about his pay and bonuses, given the pressure the organisation was under due to the ongoing fallout of the Horizon IT scandal. Amanda Burton, who joined the board of the Post Office as … Read more

Safety board says pedals pilots use to steer Boeing Max jets on runways can get stuck

Safety board says pedals pilots use to steer Boeing Max jets on runways can get stuck

WASHINGTON (AP) — Safety investigators are making “urgent” recommendations to Boeing and the Federal Aviation Administration after determining pedals that pilots use to steer 737 Max jetliners on runways can become jammed because moisture can leak into a rudder assembly and freeze. The National Transportation Safety Board issued the recommendations Thursday following its investigation of … Read more

NSE defers T+0 rolling settlement cycle until further notice

NSE defers T+0 rolling settlement cycle until further notice

The National Stock Exchange (NSE) on Friday deferred the implementation of same-day transaction settlement or T+0 rolling settlement cycle in the capital market segment. The new date will be announced by the exchange via a separate circular. “Trading in T+0 rolling settlement cycle in Capital Market segment Go LIVE deferred This is in reference to … Read more

PB Fintech: Investors seek clarity, would be happier if PB Fintech remains less capital intensive: Manas Agrawal, Bernstein

PB Fintech: Investors seek clarity, would be happier if PB Fintech remains less capital intensive: Manas Agrawal, Bernstein

Manas Agrawal of Bernstein Societe Generale Group, says the last three days have been very volatile for PB Fintech. So, clarity on offline expansion front will be helpful. Bernstein has written a note where it talks about the key questions for the management. Essentially, what is the business plan? It is good for the consumer … Read more

The Internet Archive’s Fight to Save Itself

The Internet Archive’s Fight to Save Itself

If you step into the headquarters of the Internet Archive on a Friday after lunch, when it offers public tours, chances are you’ll be greeted by its founder and merriest cheerleader, Brewster Kahle. You cannot miss the building; it looks like it was designed for some sort of Grecian-themed Las Vegas attraction and plopped down … Read more