Consumers are tightening their belts as inflation eases slower than expected. New retail data shows a surprising dip in spending on non-essentials, with experts pointing to rising personal debt as the key factor driving this cautious shift in consumer behavior.
Mark Zuckerberg’s Meta slashes 5% of its workforce, impacting over 3,600 employees, in the latest major tech layoff focused on performance cuts. The move signals a continuing push for efficiency and AI dominance in 2025, sparking industry-wide debate.
In a major policy shift, the central bank slashed interest rates by 1.5%, aiming to combat a slowing economy. This surprise move is expected to lower borrowing costs for businesses and homeowners, potentially boosting spending and curbing recession fears.
A severe winter storm has blanketed the Midwest, causing widespread power outages and treacherous travel conditions. Authorities urge residents to stay indoors as snow accumulations exceed a foot in several states, with dangerously low temperatures expected to persist through the weekend.
New AI regulations proposed by the EU aim to curb high-risk systems, forcing tech giants to boost transparency and safety. This landmark legislation could reshape global digital standards, sparking both support from consumer advocates and concerns over innovation slowdowns. Industry leaders brace for compliance.
Federal Reserve cuts interest rates by 25 basis points, signaling confidence in cooling inflation. The move aims to support economic growth ahead of the holiday season, with potential impacts on borrowing costs and consumer spending nationwide.
Shiba Inu ($SHIB) price surges 8% as whale activity spikes ahead of major roadmap reveal. Analysts eye breakout to $0.000062 resistance level; bullish momentum supported by increased burn rate and growing network utility.
Apple unveils the iPhone 16 with breakthrough A18 chip and AI features, aiming to boost sluggish sales. New camera controls and enhanced Siri arrive September 20, pre-orders start Friday.
Taiwan Semiconductor Manufacturing Co. (TSMC) shares surged 7% after announcing a revised Q3 revenue forecast exceeding $20 billion, driven by robust AI chip demand. The world’s leading chipmaker cited ongoing shortages and increased orders from major clients like Nvidia.
Researchers engineer cells that produce their own anti-cancer drugs. This breakthrough in synthetic biology could revolutionize cancer treatment by delivering therapies directly to tumors, offering a more targeted and less toxic approach for patients.
