The latest news
Thanksgiving Relief: Turkey Prices Drop 6% as Holiday Meal Costs Decline
United States, Wednesday, 20 November 2024.
A classic Thanksgiving feast for 10 will cost $58.08 in 2024, marking a 5% decrease from last year. Despite 205 million turkeys being the lowest production since 1985, reduced consumer demand has driven prices down. Seven traditional items, including turkey and sweet potatoes, show significant price drops, offering welcome relief to budget-conscious hosts.
latest news in companies
Target's Holiday Nightmare: Stock Plunges 20% as Walmart Widens Market Gap
Minneapolis, Wednesday, 20 November 2024.
In a stark retail divergence, Target’s Q3 earnings severely disappointed Wall Street with a $1.85 EPS against an expected $2.30, while rival Walmart celebrates strong performance. Despite Target’s aggressive price-cutting strategy on 10,000 items and digital sales growth of 10.8%, discretionary spending weakness forced a significant downward revision of annual guidance, highlighting the growing competitive gap in US retail.
latest news in economy
2025 Manufacturing Revolution: AI and Digital Tech Lead $94B Investment Wave
United States, Wednesday, 20 November 2024.
U.S. manufacturers are showing unprecedented confidence with 93% planning major growth initiatives. A groundbreaking survey reveals 94% will increase technology investments over the next three years, focusing on AI integration and digital transformation. Despite supply chain challenges, manufacturers are prioritizing smart automation and sustainability, marking the largest technological overhaul in decades. Key concerns include rising transportation costs and skilled worker shortages, but innovation investments are expected to drive significant productivity gains through 2025.
latest news in politics
Trump's Cabinet Picks Signal Dramatic Shift in Healthcare and Education Leadership
Washington, D.C., Wednesday, 20 November 2024.
In a groundbreaking move, Trump nominates Dr. Mehmet Oz to oversee $1.4 trillion in healthcare spending at CMS, while Linda McMahon is tapped for Education Secretary with a mandate to potentially dismantle the department. These controversial selections face mounting scrutiny over past allegations and qualifications, setting the stage for contentious Senate confirmation battles ahead.
latest news in global
Breakthrough: Converting CO2 to Methane Could Revolutionize Green Energy Storage
Global, Wednesday, 20 November 2024.
Ohio State University researchers have developed a groundbreaking method to transform captured carbon dioxide into methane fuel using renewable electricity. This innovative process employs a nickel-based catalyst to directly convert carbamate into methane, potentially creating a closed carbon cycle. By utilizing renewable energy sources, this method could significantly reduce energy consumption while addressing both carbon emissions and energy storage challenges.
latest news in general
Microsoft Ignite 2024: AI Adoption Surges with 70% of Fortune 500 Companies Using Microsoft 365 Copilot
Seattle, Wednesday, 20 November 2024.
In a groundbreaking revelation at Microsoft Ignite 2024, nearly 70% of Fortune 500 companies have adopted Microsoft 365 Copilot, marking a significant shift in enterprise AI adoption. Recent IDC research shows companies are achieving a remarkable $3.70 return for every dollar invested in generative AI, with some leaders experiencing returns up to $10. The conference, attracting over 200,000 registrants and 14,000 in-person attendees in Chicago, showcases Microsoft’s expanding AI ecosystem with approximately 80 new products and features announced.
latest news in technology
Generative AI Market Set to Surge: Global Value to Hit $7.28 Billion by 2029
Dublin, Monday, 18 November 2024.
New market analysis reveals explosive growth in the fintech sector’s AI adoption, projecting a remarkable 36.3% annual growth rate. North American financial institutions lead the transformation, with major players like IBM and Microsoft driving innovation in fraud detection and personalized banking solutions. Key concerns around data privacy and algorithmic bias remain central to implementation strategies.
latest news in health
Breakthrough in CRISPR Gene Therapy for ATTR Amyloidosis
Cambridge, Saturday, 16 November 2024.
Intellia Therapeutics reports promising Phase 1 results for nexiguran ziclumeran (nex-z), a one-time CRISPR-based gene editing therapy for transthyretin (ATTR) amyloidosis. The treatment showed a 90% reduction in serum TTR levels at 12 months, with evidence of disease stabilization or improvement in advanced heart failure patients.