A recent survey from Quicken reveals that 43% of Americans with side hustles earn more while working fewer hours than those without additional income sources. The most successful side hustles include personal assistance, cooking and baking, and caregiving. About 20% of respondents identify as business owners, selling products online or offering various services. Many participants report financial benefits, with 82% stating that their side hustle helps them avoid living paycheck to paycheck, and 57% maintaining savings that cover at least four months of living expenses. Younger generations, particularly Gen Z, show a trend where 44% start side hustles to gain skills for future careers, contrasting with 18% of the overall population motivated by the same reason.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Nvidia's CEO Jensen Huang emphasized the importance of prioritizing AI within company operations. He outlined three main areas where Nvidia implements AI: chip design, software development, and supply chain management. Huang urged business leaders to integrate AI into their strategies to adapt to industrial changes. He also announced Nvidia's initiative to train 100,000 individuals in AI skills, addressing the shift affecting major industries globally. Concerns about AI replacing jobs were discussed, with Huang stating that AI cannot replicate human functions, but those skilled in AI may impact job security. The emphasis on AI knowledge in the job market has increased.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Boeing workers continue to strike, rejecting the company's latest contract proposal after six weeks on the picket lines. Sixty-four percent of the members of the International Association of Machinists and Aerospace Workers who voted opposed the offer. This labor action has halted production of Boeing's jetliners. Union leaders aim for renewed negotiations. Boeing faces federal investigations related to safety incidents and reported a third-quarter loss exceeding six billion dollars. The rejected contract proposed a thirty-five percent pay raise over four years, while workers initially sought a forty percent raise over three years. Concerns remain over the absence of a pension plan and rising healthcare costs. Boeing's newly appointed CEO, Kelly Ortberg, acknowledges the need for cultural changes within the company. Boeing has not turned a profit since 2018 and is under pressure to improve safety and production amidst financial challenges.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Xiaomi has launched its first electric vehicle, the SU7, exclusively in the Chinese market, priced around $30,000. Ford's CEO has driven the SU7 for six months and highlights its performance and features. The introduction of the SU7 marks Xiaomi's entry into the electric vehicle sector, responding to the growing global demand for electric vehicles.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Millions of Americans face challenges in accessing affordable housing amid a housing crisis that influences the presidential race. Proposals from Vice President Kamala Harris and former President Donald Trump aim to address this issue. The housing market experiences a shortfall of 1 to 4 million homes, resulting in high prices, with a median of $426,900 in June. Mortgage rates approach 8% before settling at 6.44%, and median rents are 20% above pre-pandemic levels. Harris proposes a plan to improve housing affordability, offering up to $25,000 in down payment assistance, tax incentives for construction, and federal funding to expedite housing developments, targeting the addition of 3 million housing units within four years. Trump suggests tax breaks for homebuyers, reducing construction regulations, and designating federal land for residential projects while linking the crisis to immigration. Experts argue that rising costs stem from high interest rates and increased post-pandemic demand rather than immigration.Both candidates support reducing zoning restrictions and utilizing federal land for housing. Harris advocates for a $40 billion initiative to encourage local construction, whereas Trump’s approach lacks detailed strategies. The success of these proposals depends on broader economic conditions and collaboration with Congress.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

AI enhances work rather than replacing jobs. Individuals who learn to use AI can gain advantages in their careers. Scott Galloway, a professor and entrepreneur, encourages daily engagement with AI tools, even during personal time. He shares his experience of using AI for writing, stating that it has improved his productivity. Galloway regards AI as a collaborator for tasks like information gathering, pitch deck creation, and simulating interactions. He suggests that experimentation with AI can reveal beneficial applications. The discussion highlights ongoing automation in sectors like writing and coding, noting predictions of AI taking over much coding work. Experts recommend that computer science students incorporate philosophy into their studies to strengthen reasoning skills for working with AI.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

In the U.S. auto market, buyers increasingly choose vehicles priced between $20,000 and $30,000, marking the fastest-growing segment. Many individuals find it difficult to manage the average monthly payment of around $737 and turn to more economical options. The average price of new vehicles exceeds $47,000, a rise of over 20% from pre-pandemic levels. New auto sales increased by only 1% in 2024, prompting automakers to reevaluate their strategies and offer steeper discounts, with incentives averaging $1,812. Sales of new vehicles to personal buyers grew by 7%, primarily within the $20,000 to $30,000 range. Compact vehicle sales are up, while larger SUV and pickup sales show minimal growth. Automakers face overstocked inventories of expensive models as even higher-income consumers shift toward affordability. General Motors has revitalized its Trax SUV, boosting sales amid these changing customer preferences.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

AI companies face questions regarding their liability for the spread of fake news. Legal experts analyze current regulations and the challenges in holding these companies accountable for misinformation. Courts examine the role of AI in content creation and dissemination. Various jurisdictions consider new laws to address these issues. Stakeholders debate the implications of AI-generated content on public trust and the responsibilities of tech companies. The conversation highlights the need for clear policies to manage the impact of misinformation in the digital landscape.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Procurement startup Zip raised $190 million in a Series D funding round, increasing its valuation to $2.2 billion. This round saw participation from new investors such as DST Global, Adams Street Partners, and Alkeon Capital, alongside existing investors Y Combinator and CRV. This funding marks a significant increase from May 2023, when Zip raised $100 million in a Series C round, valuing the company at $1.5 billion. Zip focuses on streamlining the procurement process for companies, including sourcing, approval, and payment for business tools. The company plans to enhance engineering and research and development efforts with the new funds, including launching an internal AI lab, and aims to expand into new geographic markets. Investment in ERP-related startups has been modest, with a total of $240 million raised in 2023 and a slight increase to $314 million early in the year. Zip's funding represents the largest in the sector both last year and this year.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Voters express concerns about the economy while showing mixed preferences for candidates Donald Trump and Kamala Harris. A recent poll indicates divided opinions regarding key economic issues, with Harris receiving better evaluations on middle-class taxes. A majority of registered voters describe the economy as poor, and about seventy percent believe the nation is heading in the wrong direction, reflecting a shift in Trump's previous advantage on economic matters. Key economic concerns include housing costs, job security, and inflation. Forty-six percent of voters favor Harris on middle-class tax issues, while thirty-five percent prefer Trump. Voters exhibit marginal preference for Trump on tariffs but display general distrust of Democrats regarding economic management. Harris shows stronger support among Black voters, while Trump has greater support among white voters on immigration. Pessimism about the economy persists, with half of voters rating it as poor, and skepticism about conditions is prevalent among younger voters. Both candidates need to address critical topics such as foreign policy and continue to rally support across diverse demographic groups. Harris’s support bases link primarily to abortion rights and climate change, while Trump retains a strong stance on immigration.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Federal authorities, specifically the National Highway Traffic Safety Administration (NHTSA), have initiated a preliminary investigation into 2.4 million Tesla vehicles equipped with the Full Self-Driving feature. This investigation follows reports of four crashes, including one fatal incident, attributed to low visibility conditions impacting system performance. The NHTSA will evaluate the Full Self-Driving system's reactions in similar low visibility scenarios and examine any safety updates implemented by Tesla. This inquiry takes place after Tesla's recent event promoting its robotaxi initiative, reflecting the company's ongoing efforts toward fully autonomous vehicles. Tesla has maintained its position as a leader in the electric vehicle market, with over 1.8 million cars sold in 2023.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Wealthier Americans significantly influence retail spending and the U.S. economy. Recent research indicates a shift in spending patterns since the pandemic, with high-income households experiencing increased income, home equity, and stock market gains. This situation contrasts with lower-income consumers, who face challenges from rising costs for necessities. Despite high borrowing costs, inflation-adjusted consumer spending grew by 3% in 2022 and 2.5% in 2023. Retail sales rose by 0.4% from August to September 2024, and restaurant sales increased by 1%. The economy grew at 3.4% in the third quarter of 2024, driven by wealth accumulation among high-income households, particularly in stock market and home equity, which surged to $17.6 trillion. Upper-income households increased inflation-adjusted spending by nearly 17% since early 2018, while those earning less than $60,000 only saw a 7.9% increase. Higher credit card and loan defaults among lower-income individuals indicate ongoing financial pressure, though experts express cautious optimism for stabilization in consumer spending as inflation-adjusted incomes rise.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Netflix reported third-quarter earnings that exceeded Wall Street expectations, generating approximately $9.825 billion in revenue, surpassing the projected $9.769 billion. The platform added 5.1 million new subscribers, significantly above the forecast of 4 million. User engagement showed an increase in viewing hours. Netflix has over 600 million users, with each spending about two hours daily on the service. Despite strong earnings, Netflix has implemented price hikes in Spain and Italy, and analysts suggest potential increases for U.S. subscribers. Current subscription plans include a basic tier at $6.99, a standard tier at $15.49, and a premium tier at $22.99.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Retail spending in the U.S. rose by 0.4% from August to September, marking three consecutive months of increases. Higher sales occurred at online retailers, restaurants, and grocery stores, while gas station sales declined. Retail sales data is not adjusted for inflation, which showed a slight decrease overall. Despite cooling inflation, household spending continues to support economic growth. Sales increased in clothing stores, department stores, and sporting goods outlets, but declined in electronics and furniture retailers. Consumer prices rose by 2.4% in September year-over-year, down from a peak of 9.1% in June 2022. The Federal Reserve reduced its benchmark interest rate for the first time in four years. Experts indicate that lower inflation and borrowing costs may stabilize the economy further. Spending patterns highlight a disparity: upper and middle-income earners drive increased retail sales, while lower-income households struggle with rising prices and interest rates. The holiday shopping season is expected to see a spending increase of 2.5% to 3.5%, with retailers adjusting marketing strategies and promoting holiday merchandise earlier to entice consumers.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The NFL has launched the seventh annual Big Data Bowl, inviting participants to analyze football data and create performance metrics. The competition began recently, with submissions due by January 6, 2025. Participants compete for over $25,000, with the top five entries receiving $12,500 each and an additional $12,500 awarded to the overall winner. Participants ranked sixth to tenth receive $5,000 each. Many past competitors have found jobs within NFL teams as a result. This year's competition includes three tracks: an undergraduate track for students, a metric track focusing on pre-snap data, and a coach presentation track providing data-driven insights for coaches. Last year's winner emphasized verifying results through multiple methods and addressing the implications of findings.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Amazon commits to supporting multiple nuclear energy projects as part of its Climate Pledge strategy. The initiative focuses on developing small modular reactors (SMRs) in Washington State, capable of powering around 770,000 homes. This project will create at least 1,000 temporary construction jobs. Nuclear energy addresses growing power demands, which may surpass wind and solar energy supplies. Amazon collaborates with Dominion Energy in Virginia for another SMR project and has agreements with Talen Energy in Pennsylvania for carbon-free energy. Other tech companies, including Microsoft and Google, also explore nuclear energy options. Notably, Amazon achieved 100% renewable energy consumption in its global operations, seven years ahead of schedule, recognizing nuclear energy's role in large-scale, carbon-free electricity production.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Spotify's HR Chief announced that the company will not implement a mandatory return to the office, unlike Amazon and other firms. Since February 2021, Spotify has operated under a "work from anywhere" policy, granting employees the choice of a fully remote, in-office, or hybrid work environment based on their agreements with managers. This decision emphasizes employee autonomy and aligns with the evolving preferences for work arrangements post-pandemic. Many companies, especially in the tech sector, are adopting flexible work options as they adapt to new workplace dynamics.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Women in the U.S. experience a growing gender wage gap, earning 83 cents for every dollar men earn in 2023, according to the U.S. Census Bureau. This marks the first annual increase in the gap in 20 years, attributed to the lasting impacts of the pandemic on the labor market. Many women returned to low-wage sectors, while men's wages increased more significantly. The gap for Hispanic women narrowed, but gaps for Black and Asian women widened, with white women's wages remaining stable. Latino women’s workforce participation rose by 5%, yet they continue to earn less than white men. Despite some women moving into higher-paying roles, overall wage growth remains slow. Experts identify structural issues in the labor market as barriers to pay equity. Legislative efforts like the Paycheck Fairness Act aim to combat wage discrimination and promote pay transparency.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Tom Brady joins the NFL as a team owner, acquiring a ten percent stake in the Las Vegas Raiders. This marks Brady's transition into ownership after retiring from professional football. By joining the Raiders' ownership group, he becomes part of a select group of former players in front office positions. This deal expands Brady's legacy in the sport and allows him to contribute his knowledge to the franchise.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Technology influences the processes of saying goodbye. Innovations enhance virtual communication methods, allowing for remote farewells. Digital tools facilitate memorial services and enable sharing of memories among distant participants. Social media platforms help maintain connections with loved ones, even after death. Virtual reality offers immersive experiences that provide an alternative to traditional farewells. Overall, technology reshapes how individuals and communities experience and conduct goodbyes.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Donald Trump's economic plans face criticism from economists warning of increased inflation. Key proposals include high tariffs on imports, mass deportations of migrant workers, and interference with Federal Reserve policies. Sixteen Nobel Prize-winning economists signaled concern that these measures could raise consumer prices, with inflation potentially reaching six to nine percent by 2026, exceeding the Federal Reserve's target. Tariffs, promoted as protective for American jobs, could impose an average annual cost of $2,600 on households. Increased tariffs on food imports may inflate grocery prices, while mass deportations could lead to labor shortages, further driving inflation. Trump's potential interference with the Federal Reserve's independence raises concerns about stability in monetary policy. Overall analysis suggests his plans may likely worsen inflation and increase costs for American households.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Whole Foods faces backlash over modifications to its Berry Chantilly cake slices, which have been popular since their creation in 2002 by Chaya Conrad. Changes to the recipe and sizing sparked outrage on social media, with customers highlighting smaller portions and the introduction of jam instead of fresh fruit. Criticism grew as consumers noted the only way to access the original cake was to buy the entire cake. In response, Whole Foods announced the changes aimed to standardize flavor, size, packaging, and price across their 500 stores. However, negative reactions persisted, prompting the company to reassess and plan to reintroduce single slices of the original cake. The concept of "shrinkflation" describes the practice of reducing product quality to lower costs, which can negatively affect a company's reputation and sales if customers perceive a decline in quality.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

OpenAI, originally founded as a nonprofit, faces scrutiny due to its valuation of $157 billion and recent leadership changes. Experts suggest it may need to restructure due to conflicts between its nonprofit and for-profit interests, which could impact its charitable mission. OpenAI is exploring options such as transitioning to a public benefit corporation. The IRS monitors OpenAI's activities, particularly regarding its operations in Delaware and California, to ensure compliance with tax-exempt status and regulations. Any organizational change might involve legal complexities, especially concerning asset control and compensations linked to its for-profit branches. OpenAI claims its mission remains focused on developing beneficial AI while navigating challenges related to its initial goals. Regulating bodies will assess potential conflicts of interest, particularly concerning board member decisions and executive compensation discussions.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Wholesale prices in the United States remained stable last month, signaling a decline in inflation pressures. The producer price index held steady from August to September, reflecting a year-over-year increase of 1.8%, a slight decrease from the previous month. Excluding food and energy, core wholesale prices increased by 0.2% from August and saw a 2.8% rise from the previous year. The rise in service prices countered a decline in goods prices. Consumer prices also increased by 2.4% in September, the smallest annual rise since February 2021, approaching the Federal Reserve's 2% target. Many Americans report dissatisfaction with current consumer prices, which are still elevated compared to pre-inflation levels in 2021. Inflation trends may influence political perceptions, as Vice President Kamala Harris's approval ratings improve in economic management against former President Donald Trump. The producer price index acts as an early indicator of potential consumer inflation and aligns with the Federal Reserve's preferred inflation measure. Inflation rose beginning in 2021 due to pandemic recovery, leading to shortages in goods and labor. The Federal Reserve implemented 11 interest rate hikes between 2022 and 2023 to combat inflation, achieving a 23-year high. The economy continued its expansion and maintained strong employment rates despite these increased rates. Recently, the Fed reduced its benchmark interest rate for the first time since March 2020, with further cuts expected in 2023 and additional ones in 2025.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

On October 11, 2024, significant funding rounds occurred, with nine deals exceeding $100 million. Form Energy led these rounds, securing $405 million to enhance its iron-air battery systems. City Therapeutics raised $135 million for RNAi therapeutics in its Series A funding, while EvenUp raised $135 million in Series D funding and achieved a valuation over $1 billion for its AI-based legal tech platform. AtVenu received $130 million to streamline retail sales at live events, and Maven Clinic secured $125 million in its Series F round, focusing on family health and planning. Auger launched with a $100 million seed round for AI-powered supply chain management tools. Cytovale raised $100 million for medical diagnostics, Glooko obtained $100 million for integrated digital health solutions, and Toca Football also secured around $100 million for soccer training centers. Imprint raised $75 million for co-branded credit cards, achieving a $600 million valuation. Internationally, Brazil's Asaas raised approximately $148 million to automate financial processes.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Nvidia CEO Jensen Huang emphasizes the importance of reference checks over traditional interviews during the hiring process. Nvidia maintains a low employee turnover rate of 2.7%, contrasted with the industry average of 17.7%. Huang notes that he prioritizes assessing a candidate's history through references rather than relying solely on interview performance, as preparation can skew results. Reports indicate that despite Nvidia's success and employee wealth, the work environment presents challenges, including long hours often lasting beyond 2 a.m. and high-stress competition. Demand for Nvidia’s next-generation Blackwell AI chip illustrates the company's continued innovation and market relevance.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Etsy reports a revenue increase from $818 million in 2019 to $2.75 billion in 2023, driven by technology investments. The company allocated $470 million to research and development in the past year. Etsy uses artificial intelligence to enhance product search capabilities and improve buyer experiences by providing accurate delivery times and generating gift guides. Transitioning data storage to the cloud resulted in a tenfold increase in website traffic. The platform saw an increase in active buyers during the pandemic, with significant sales from masks, totaling an estimated $750 million in 2020. Etsy implemented "Creativity Standards" to differentiate between AI-generated and human-created items, permitting only personally made or sourced products for sale. Currently, Etsy has over 91 million active buyers, reflecting a 1% year-over-year increase.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

AI researchers explore the potential of artificial intelligence to transform scientific research. They develop algorithms to enhance data analysis, streamline experimentation, and improve predictive modeling. Researchers highlight successful applications of AI in drug discovery, climate modeling, and genomics. The integration of AI in science may accelerate findings and lead to new discoveries. Challenges include ethical considerations and the need for transparency in AI processes. Collaboration between AI experts and scientists is essential for maximizing impact and addressing these challenges.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Dell has announced a requirement for employees to return to the office five days a week. This policy started with specific departments and is likely to expand. Many employees, particularly parents, face challenges in securing childcare solutions due to this sudden shift. The change disrupts previously established family schedules and requires rapid adaptation. This decision reflects a broader trend among companies navigating the return-to-office dynamics and underscores the impact of corporate policies on personal lives. Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Many employees seek to avoid layoffs during challenging economic times. Four essential traits can help maintain value within a company: 1. **Adaptability** - Adjusting to new situations, technologies, and processes can establish employees as valuable assets. 2. **Strong Communication Skills** - Clear expression of ideas, active listening, and engagement with colleagues fosters collaboration and enhances productivity.3. **Problem-Solving Abilities** - Identifying problems and proposing solutions demonstrates initiative and resourcefulness, traits that employers highly value.4. **Team Player Attitude** - Working well with others and contributing to a positive team environment increases job security.Focusing on these traits can improve the chances of remaining employed during difficult times.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The U.S. Department of Justice is reviewing changes to Google’s business structure in response to its search monopoly. Federal prosecutors proposed that a judge may require Google to divest parts of its business and release underlying data used for its search engine and AI products to competitors. This initiates a lengthy legal process aimed at addressing Google’s dominant position in online search. Regulators note that Google has controlled key distribution channels for over a decade, limiting competition. Proposed remedies may include restrictions on Google’s use of its Chrome browser, Android system, AI products, and app store to favor its search operations. The filing suggests limitations on Google’s default search agreements, which solidify its services as the default for users. Google’s vice president raised concerns over potential government overreach affecting innovation and consumers. A ruling in August found Google unlawfully leveraged its dominance to eliminate competition, setting a timeline for trial proceedings with a final decision expected by August 2025. Legal experts estimate the appeals process could take up to five years. The Department of Justice plans to submit a proposal on Google's anticompetitive practices in November, with Google responding in December and final proposals expected by March 2025. Google faces increasing regulatory scrutiny in the U.S. and Europe, with a breakup of its operations suggested as a possible solution for competition issues in digital advertising.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Chinese consumers may face higher prices for European brandies due to new provisional tariffs imposed by the government, ranging from 30.6% to 39%, effective Friday. This development follows the European Union's approval of duties on Chinese electric vehicles. The tariffs aim to strengthen China's position in trade negotiations with the EU concerning the upcoming EV duties. Authorities based the tariffs on a preliminary investigation that revealed European brandy was sold at unfair prices in China, affecting local producers. The investigation mainly targets French cognac and similar spirits as part of a broader anti-dumping review of various European products amidst an ongoing EU inquiry into Chinese EV exports. France supports the EU's stance on Chinese EVs, while Germany raises concerns about impacts on its automakers in China. Additionally, China may increase tariffs on imported cars with larger engines. Tariffs vary by brand; for example, Martell faces a 30.6% tariff, Remy Martin a 38.1% tariff, and Hennessey a 39% tariff, affecting multiple brands including those from Spain. Notably, during a state visit in May, French President Emmanuel Macron presented two bottles of cognac to Chinese leader Xi Jinping.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Venture funding for European startups reached $10 billion in the third quarter of 2024, the lowest level since 2020. This represents a 36% decline quarter-over-quarter and a 39% decline year-over-year. Germany recorded growth, with startup funding rising over 33% to $2.4 billion. Overall, venture investment in Europe fluctuated between $12 billion and nearly $17 billion in previous quarters. Late-stage investment fell by over 50% year-over-year, seed funding decreased by 18%, and early-stage funding declined by 12% year-over-year. A potential recovery in funding is possible as the fourth quarter approaches.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Transitioning to a five-day return-to-office policy requires four critical steps. First, review employment agreements to understand rights and obligations related to remote work. Second, assess the impact of the policy on work-life balance, considering factors like commute and family responsibilities. Third, engage in open communication with employers to express concerns and needs, while documenting these discussions. Lastly, consider mental health implications of the new routine and utilize available resources for support.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Lorenzo Fertitta, a billionaire from Las Vegas, has been seen on the East Coast with two megayachts. He spends time on his 285-foot yacht, Lonian, and a 217-foot yacht, Hodor, at Fore Points Marina in Maine and Boston Harbor. The Lonian, purchased for around $160 million in 2018, incurs annual maintenance costs of approximately $15 million. The Hodor, bought for about $30 million in 2019, includes space for various recreational equipment and has yearly operating costs ranging from $3 to $5 million. Fertitta, former CEO of the Ultimate Fighting Championship, has connections to the casino industry, which he entered after inheriting his father’s business. Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Bose plans to introduce innovative audio products that may change the market. The company focuses on enhanced sound quality, improved user experience, and expands its product line. Bose aims to integrate advanced technology in its audio devices, catering to consumer demands for portable and high-performance options. The company seeks to position itself as a leader in the audio industry by leveraging research and development efforts to create groundbreaking solutions.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Elon Musk aligns with Donald Trump as a key supporter in the upcoming presidential election. On October 7, 2024, Musk appears with Trump in Butler, Pennsylvania, the location of a recent assassination attempt against the former president. Musk designates Trump as the sole candidate capable of preserving U.S. democracy and asserts that Trump must win to ensure the continuity of elections. He wears a Trump campaign cap and identifies as "Dark MAGA." Musk has created a super political action committee to support Trump and has indicated a willingness to take a government efficiency role if Trump regains office. Musk advocates for Trump as a defender of free speech and criticizes legislative efforts he views as restrictive. The rally site previously experienced an attack that resulted in fatalities and injuries. Notable attendees included family members of the deceased and significant figures from Pennsylvania's political landscape.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

OpenAI raised $6.6 billion in its latest funding round, increasing its valuation to approximately $157 billion. Thrive Capital led the investment, with participation from Fidelity and SoftBank. OpenAI transitions to a for-profit benefit corporation, which allows co-founder Sam Altman to gain equity. The funding includes convertible notes, enabling investors to withdraw if structural changes are not met within a set timeframe. In the AI sector, Poolside announced a $500 million Series B round, resulting in a $3 billion valuation. Kailera Therapeutics secured $400 million in Series A financing to develop treatments for chronic weight management. Aktis Oncology raised $175 million in Series B funding for research on alpha radiopharmaceuticals for cancer treatment. Impulse Space obtained $150 million for developing orbital transfer vehicles. Nusano and Triveni Bio each raised $115 million for healthcare innovations, reflecting strong investment trends in biotech and medical technologies.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

In September, employers added 254,000 jobs, increasing from 159,000 in August, and the unemployment rate fell to 4.1% from 4.2%. The Federal Reserve cut its benchmark interest rate for the first time in over four years to support job growth. Economists observe a resilient economy, with growth rates around 3% annually and forecasts of 2.5% for the third quarter. The services sector has expanded for three consecutive months, and job security remains strong with low layoffs and unemployment benefit claims. However, job openings have declined as employers adopt a cautious approach to hiring. The inflation rate currently stands at 2.5%, providing a downward trend from earlier peaks. Maintaining the balance between lowering borrowing costs and supporting job growth will be essential for economic momentum. Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Wall Street opened lower on October 3, 2024, as investors awaited labor market reports that the Federal Reserve is monitoring while shifting focus from inflation to economic support. S&P 500 futures fell by 0.1%, and Dow Jones futures dipped by 0.2%. Investors expressed concern over maintaining job market strength amid high-interest rates aimed at controlling inflation. The Labor Department's unemployment benefits report is set to provide insights into layoffs, which have recently increased after hitting historical lows. Treasury yields rose following an ADP report showing improved private sector hiring. Corporate news showed Levi's shares dropped 12% after reporting lower-than-expected sales and adjusting its fourth-quarter outlook. In international markets, Germany's DAX fell 0.3%, France's CAC 40 decreased by 0.5%, while London's FTSE 100 rose by 0.4%. The U.S. dollar strengthened against the yen, benefiting exporters as Japan ruled out interest rate hikes, leading to a decline in the yen. Hong Kong’s Hang Seng index dropped by 1.5% after profit-taking, and markets in South Korea and Taiwan were closed, with India’s Sensex down by 2.1%. Oil prices increased due to concerns over potential conflict involving Israel and Iran, with U.S. crude rising by $1.09 to $71.19 per barrel. The euro decreased to $1.1042.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Bank of America faces outages that prevent many users from accessing their accounts and viewing balances. Thousands of customers report issues logging in, encountering error messages or inaccurate balance displays, including some showing $0 available funds. This situation raises concerns among customers who depend on online banking. Bank of America recognizes the problems but has not detailed the cause or duration of the outages. Customers should monitor official channels for updates and exercise patience as the bank addresses the situation.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

A major outage affected tens of thousands of Verizon users on October 1, 2024. Problems began around 10 a.m. when users reported service disruptions on social media and through Down Detector, with a peak of over 100,000 reports. Verizon acknowledged the issue at 11:48 a.m., identifying it as a service disruption affecting some customers. By 5:04 p.m., the company reported progress in restoring service and confirmed that engineers were working on the problem, although the cause remained unspecified. Disruptions occurred from California to Ohio to Florida. Users experienced service only in SOS mode, which allows emergency calls. AT&T users also reported issues, but AT&T denied a nationwide outage, citing effects from the Verizon situation. The FCC has initiated an investigation into the outage.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

SoftBank plans to invest $500 million in OpenAI as part of a $6.5 billion funding round. This investment may result in a valuation of OpenAI at $150 billion. This marks SoftBank's first investment in OpenAI, following a strategic shift by founder Masayoshi Son towards aggressive investment in artificial intelligence. Son identifies recent AI advancements as motives for renewed interest in technology investments. Thrive Capital is expected to lead the funding round, with possible participation from entities like Tiger Global Management, Khosla Ventures, Microsoft, and Nvidia. Apple has withdrawn from this funding opportunity.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Epic Games initiates legal action against Samsung regarding barriers to app installation. Epic claims that Samsung restricts app access on its devices, limiting competition. The lawsuit aims to address these restrictions and promote a more open app marketplace. Epic seeks remedies that would enhance user choice and developer freedom in the mobile app ecosystem.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

U.S. ports from Maine to Texas face a possible shutdown due to a threatened strike by a union representing 45,000 dockworkers. The strike could result in increased prices and shortages for retailers during the holiday shopping season. The International Longshoremen’s Association demands higher wages and a ban on automation at 36 U.S. ports, which handle about half of the nation's cargo. The current contract expires soon, with no negotiations since June. Major ports such as Baltimore, New Orleans, and New York/New Jersey would be affected. If the strike threatens the economy, President Biden may use the Taft-Hartley Act to seek an 80-day cooling-off period. Retailers have adapted their strategies to mitigate disruptions. The supply chain experiences ongoing pressures, including issues from Houthi attacks impacting shipping routes. The holiday shipping season has already begun, with most products available in the U.S., but retailers struggle to replenish items. Concerns arise over the timing of a potential strike, particularly for toy sellers reliant on fourth-quarter sales. The situation will continue to evolve as the strike date approaches.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve reports a reduction in inflation, as the personal consumption expenditures price index shows a 0.1% increase from July to August, leading to a year-over-year inflation rate of 2.2%. This inflation rate is slightly above the Fed's target of 2%. The Fed cut its benchmark interest rate by half a point and anticipates further cuts in November and December, with projections for additional reductions into 2025 and 2026. Recent economic data indicate a steady growth rate of 3% for the U.S. economy from April to June, driven by consumer spending and business investment. Initial unemployment claims have decreased, and retail spending has increased. Industrial production and single-family home construction have improved. Consumer sentiment indicates a positive outlook regarding durable goods prices. Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Valuing education over passion, O'Leary credits his MBA for his successful entrepreneurial journey and financial achievements. Hosted on Acast. See acast.com/privacy for more information.

Chilling messages circulate in Beirut and Israel. These messages impact public perception and behavior. In Beirut, individuals report increased anxiety and fear. In Israel, security forces monitor the situation and respond to potential threats. Community leaders emphasize communication and support. The flow of information influences daily life and societal dynamics. Overall, the messages serve to heighten tensions in the region, affecting both personal and communal interactions.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.