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US Jobless Rate Surges by 15%; Majority Due to Hurricane Helene and Boeing Strike

The US jobless rate last week has risen by 33,000 to 258,000, exceeding predictions, mostly due to Hurricane Helene and Boeing's temporary furlough for thousands of employees.


AI Startup Writer Debuts New Model Using Synthetic Data to Compete With OpenAI and Anthropic

Writer aims to compete with OpenAI and Anthropic by using a cost-effective approach, spending only $700,000 to develop models and raising $200 million to reach a $1.9 billion valuation.

Is Shein Selling Authentic Coach Bags? Woman's TikTok Review Sparks Buzz After Bag Authentication

Shein allegedly sold "authenticated" Coach bags, according to a fashion content creator, but Coach clarified it has no affiliation with the retailer and does not authenticate third-party purchases.

Facing an Energy Crisis: Can AI Scale Sustainably? EvoChip Thinks So

The current growth of AI is unsustainable, with projections suggesting it could soon account for 10% of global electricity usage. The pressing question is: How can AI scale without exhausting the planet's resources?


Latest News

HONG KONG-CHINA-AUCTION-ART-ECONOMY
A Chinese court auctioned a bankrupt millionaire's last asset, a bottle of Sprite, sparking criticism over wasted judicial resources.
SWITZERLAND-LAW-SUICIDE-DEATH
An American woman dies from the banned Sarco Pod or Suicide Capsule in Switzerland, prompting a criminal investigation after parliament said it's illegal.
CHINA-POLITICS
China aims to revive its economy despite missing new stimulus measures, disappointing investors.
BRITAIN-GERMANY-AUTOMOBILE-LUXURY-ROLLS
Rolls-Royce opens an exclusive Private Office in New York, Manhattan for ultra-wealthy clients seeking customized cars.
COSTA RICA-HEALTH-VAPING-NICOTINE
US cigarette sales are declining due to rising vape use, prompting convenience store to explore mergers and pricing strategies.
BuilderFax: Combating Construction Shortfalls with Streamlined Workforce Credentialing
Every morning across the country, construction professionals show up at the job site only to find out their credentials have expired, leaving them without a job and facing uncertain times. However, with BuilderFax, a big change is in the air. By streamlining the management of credentials, BuilderFax not only protects craft professionals from losing their jobs but also bolsters workforce retention across the industry.
Streamlining Financial Visibility: The Vyzer Approach to Wealth Management and
Without a central, unified system for managing wealth, families often lack a clear understanding of their financial situation, which can negatively impact their long-term financial health. Vyzer has set out to solve this fragmentation with a next-generation AI-powered platform that automates, analyzes, and predicts wealth management outcomes in real time, bringing clarity and precision to families.
ETHIOPIA-ECONOMY-FACTORY
Major food companies accused of shrinkflation or charging the same or higher prices for reduced product sizes, while paying lower taxes than average Americans.
NORWAY-ENERGY-OIL-TRANSPORT-PRODUCTION-EQUINOR
Equinor invested $2.5 billion for a 9.8% stake in Danish offshore wind developer Orsted to expand its renewable energy portfolio despite sector challenges.
Taylor Swift | The Eras Tour - Amsterdam, Netherlands
Taylor Swift has become the world's richest female musician, surpassing Rihanna with an estimated net worth of $1.6 billion, primarily from her music and tours.
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