Pace

ARLINGTON, Va.—A Federal Reserve official said he supported the central bank’s plans to continue raising interest rates in quarter-point increments until it is comfortable that inflation will return to the Fed’s 2% goal. Fed officials unanimously approved an increase in its benchmark federal-funds rate of a quarter-percentage point, or 25 basis points, to a range between 4.5% and 4.75%, at the conclusion of their most recent policy meeting on Feb. 1. That increase followed six larger,…

There are several asteroids that make their close approach towards Earth every week. But not all of them pose a threat to Earth. NASA terms asteroids as Potentially Hazardous if they come within 8 million kilometers of Earth. NASA recently revealed that as many as 6 asteroids passed Earth at an extremely close distance yesterday, though none were potentially world-ending asteroids. That could have changed with a slight deflection in the asteroid's trajectory due to interaction with Earth's gravitational field which…

Credit: Pixabay/CC0 Public Domain The electrification of the car industry is gathering pace, particularly in Europe, where the sale of new cars running on petrol and diesel will end in 2035. But challenges remain around their production, affordability and whether enough infrastructure can be put in…

The U.S. fourth-quarter gross domestic product report will offer a snapshot of the economy at the end of a year in which consumers and businesses faced the highest inflation in four decades and a fast rise in interest rates.The three months from October to December capped a year of economic cool-down from a rapid pandemic rebound that fueled red-hot growth in 2021. Last year, consumers spent at a slower pace, employers pulled back on hiring and the housing market weakened.…

OpenAI is working at a slower pace to release a functional ChatGPT 4 says the OpenAI CEO OpenAI’s AI-powered chatbot ChatGPT has astounded both novice users and professionals all around the world, but CEO Sam Altman had to dispel rumors about the company’s future ChatGPT 4 in an interview. A viral internet image suggested that while ChatGPT 3 was trained on billions of pieces of data, this would be a speck compared to the data being supplied to ChatGPT 4. During a conversation with StrictlyVC, the interviewer…

Homes in Rocklin, California, US, on Tuesday, Dec. 6, 2022. A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate brokerage Redfin.David Paul Morris | Bloomberg | Getty ImagesSales of previously owned homes dropped 1.5% in December from the previous month, according to the National Association of Realtors.Sales ended the year at a seasonally adjusted, annualized pace of 4.02 million units, which was 34% lower than December 2021. It is the slowest pace since November…

VinFast is quickly expanding its brand as demand for electric vehicles continues soaring. However, with Tesla’s aggressive price cuts, will the EV maker be able to keep up? To remain competitive, VinFast said it would introduce new promotions Tuesday. Tesla initiated significant price cuts in the US last week of up to $13,000 (20% off) on the Model 3 and Model Y models, sending ripples throughout the EV market. Although the company claimed the discounts were because of “partial…

SACRAMENTO —  It’s been a little bit of necessity driving invention, but the Lakers seem to have found a way to manage life without Anthony Davis.Somehow, since losing their star center more than three weeks ago, the team has even managed to play winning basketball, navigating travel and back-to-back games and injuries piling up beyond Davis’.They’ve done it with increased competitiveness, a greater sense of urgency from LeBron James on down, and by role players taking advantage of more minutes and shots.All of it,…

Screenshot: Prime VideoThe world created by J.R.R. Tolkien has carved out a new universe on Prime Video with The Lord of the Rings: The Rings of Power. Season one recently closed out after a ton of world building, and the main players’ arcs are now gearing up for big moments in season two.Amazon Prime producer Vernon Sanders was recently interviewed by Deadline to discuss the pace changing to embrace elevating action in the series, which so far has been known for its measured approach in getting anywhere. “Season onehad…

As the housing market cools quickly, house flippers are finding it harder to make fast profits.In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That's down 18.4% from the second quarter and down 11.4% year-over-year. It represents the smallest profit since the end of 2019 and the fastest quarterly drop since 2009.With that drop in gross profits, the…