News Gist .News

Today’s competitive CD rates present an opportunity for savers to lock in higher returns, with leading offers reaching up to 4.50% APY from institutions like Marcus by Goldman Sachs and LendingClub. The Federal Reserve's recent rate cuts have created a unique landscape where shorter-term CDs may yield better rates than longer ones, challenging traditional expectations. As savers seek to maximize their earnings, the choice between various types of CDs—such as bump-up, no-penalty, and jumbo CDs—adds complexity to the decision-making process.

The Samsung Galaxy Z Flip has become a source of frustration for its user, primarily due to battery performance issues and software glitches that undermine its unique features. Despite the phone's physical durability, including no visible cracks or damage, the battery's inability to last throughout the day has prompted the user to seek alternatives before the release of the newer model. The recent software update exacerbated the situation by disabling critical features like do-not-disturb, further diminishing the phone's appeal and usability.

A guide on experiencing Rio de Janeiro highlights the beauty of the city while acknowledging its challenges, such as crime and economic inequality. The author, a lifelong resident, emphasizes the vibrant culture, scenic landscapes, and lively street parties that define the Carioca way of life. Recommendations include exploring diverse neighborhoods, enjoying local music, and indulging in the city’s culinary delights, offering a comprehensive view of Rio’s multifaceted identity.

High-level delegations from Turkey, Jordan, Syria and Iraq will meet in Amman on Sunday to discuss security cooperation and regional developments, a Turkish diplomatic source said on Saturday. The meeting aims to foster cooperation among the four countries to combat Islamic State and other threats in the region. Officials will also discuss ways to address terrorism and organised crime.

HSBC and Barclays have forecast higher UK interest rates over the coming year, following the Bank of England's warning last week that rates were likely to rise. The prediction is based on expectations of a strengthening economy and inflation concerns. However, other banks are less certain about future interest rate hikes, highlighting ongoing uncertainty in monetary policy.

Tesla faces a global sales slump, with shares down for the seventh consecutive week, raising questions about Elon Musk's leadership style. The company's poor performance has sparked concerns that Musk's erratic behavior is impacting Tesla at retail. As the electric vehicle market becomes increasingly saturated, Tesla must address its struggles to regain market share and investor confidence.

The new Photoshop for iPhone app finally delivers on its promise of offering powerful pro features, including layer masking and blending, as well as generative AI features, making it a worthy successor to the desktop version. After hours of tinkering and prodding, this author found that the app is easy to learn, has all the core features, can handle big files and tasks, and even includes Adobe Camera Raw. However, there are still some tools missing compared to the desktop version.

Ukraine is experiencing a rise in steel production in early 2025, achieving a 9.9% increase in raw steel output to 1.18 million metric tons, despite the suspension of operations at its key coking coal mine in Pokrovsk. The loss of this vital resource comes as the country navigates the ongoing impacts of Russia's invasion, which had previously devastated its steel industry. While Ukrainian steelmakers express optimism about sourcing coking coal from alternative localities, the need for imports raises concerns about increased production costs.

Heathrow Airport is considering changes to its previous expansion blueprint to reduce costs, exploring options such as a shorter third runway. The airport's CEO had previously stated that a proposal for the third runway would be submitted this summer, with the goal of operational completion by 2035. This move aims to avoid diverting London's M25 motorway through a tunnel and instead expand to the northwest.

China's robotics sector is experiencing a surge in venture-capital investment, with start-ups in humanoid robot development securing nearly 2 billion yuan (US$276 million) in funding in just the first two months of the year. This growth marks a significant increase from the previous year and positions China to potentially rival its electric-vehicle industry in importance. With a strong presence in the global market, Chinese firms are on track to achieve mass production and commercialization of humanoid robots by 2025.

DeepSeek's groundbreaking app has sparked a re-rating of Chinese stocks, unleashing a torrent of money into the world's second-largest capital market, as investors reassess the valuation of US technology stocks. The low-cost large language model (LLM) offered by DeepSeek has been developed at a fraction of the cost in terms of high-powered computing, prompting investors to question the reasonableness of valuations allocated to leading edge technologies such as AI. As a result, Goldman Sachs and other global investment banks have revised their targets for Chinese stocks upwards, indicating a potential return of billions of dollars.

Energy Transfer's rally over the past year has driven down its distribution yield, making it an attractive option for long-term investors seeking a lucrative passive income stream. Despite this surge, the MLP still trades at a significantly lower valuation compared to its peer group, and its growing earnings support its rising distribution. Energy Transfer's strong financial profile, including a solid investment-grade balance sheet and a leverage ratio in the lower half of its target range, further validates its undervalued status.

The Google AI co-scientist, built on Gemini 2.0, will collaborate with researchers to generate novel hypotheses and research proposals, leveraging specialized scientific agents that can iteratively evaluate and refine ideas. By mirroring the reasoning process underpinning the scientific method, this system aims to uncover new knowledge and formulate demonstrably novel research hypotheses. The ultimate goal is to augment human scientific discovery and accelerate breakthroughs in various fields.

The Cricut Maker 4 is a significant advancement in crafting technology, offering enhanced speed and precision that elevates the quality of DIY projects. Despite some challenges with its accompanying Design Space software and occasional firmware bugs, the machine enables users to create professional-grade crafts with intricate details. Overall, the Cricut Maker 4 is an essential tool for serious crafters, providing the capability to work with a variety of materials, although it requires patience and skill to fully realize its potential.

Salmon skin, or Moire issue, in 3D prints manifests as unwanted repeating patterns that detract from the print's aesthetic and precision, necessitating additional post-processing to rectify. This issue can stem from various factors, including loose belts, motor inconsistencies, outdated firmware, and high printing speeds, all of which can disrupt the smooth operation of the 3D printer. Implementing solutions such as tightening belts, using TL smoothers, updating firmware, and adjusting print speeds can significantly alleviate these artifacts and enhance print quality.

Compare AI Models is an online platform that facilitates the assessment and comparison of various AI models using key performance indicators. It caters to businesses, developers, and researchers by providing structured comparisons across over 20 large language models and other AI technologies, thereby streamlining the decision-making process. While the tool offers valuable insights into model capabilities, it does not generate content or allow for fine-tuning, making it essential for users to understand its limitations.

The latest tech trends are emerging from major conferences like MWC 2025, with Apple's new iPads and MacBooks leading the charge. Meanwhile, AMD is innovating in the GPU space, offering an affordable option for enthusiasts. The Xiaomi 15 Ultra, Lenovo Yoga Solar PC, and ZTE Nubia Flip 2 5G have also made a splash with their cutting-edge features.

Babbel is currently offering a lifetime subscription to its language learning platform at a 75% discount, allowing users to access 14 languages for just $129.99 using the code LEARN40. The app, developed by over 100 expert linguists, emphasizes conversation-focused lessons that enable users to speak and understand new languages in as little as a month. With a strong reputation built over 15 years and high user ratings, Babbel presents an attractive option for those looking to enhance their language skills.

British foreign minister David Lammy reaffirmed Britain's commitment to a rules-based international order, highlighting the importance of cooperation with like-minded partners such as the Philippines. Both countries have stood together in supporting Ukraine and advocating for a free and open Indo-Pacific region. The signing of a joint framework agreement enhances collaboration on defence, regional security, and climate action.

The White House hosted a summit with crypto leaders, where President Trump announced an executive order for a U.S. strategic reserve of cryptocurrencies, and officials clarified that US banks can engage in some crypto activities without regulatory permission. The announcement weighed on the price of bitcoin, which declined 3.4% to $86,394. The White House meeting highlighted Trump's support for the industry and his family's involvement with cryptocurrency platforms.

Kuroda's comments underscore that Japan's central bank was not intentionally weakening the yen with monetary policy, but rather responding to market forces and maintaining efforts to prop up its currency. The BOJ has been intervening in the exchange-rate market to support the yen, and will continue to normalize monetary policy by gradually raising interest rates. The outcome of these efforts is still uncertain, with the dollar currently trading at around 148 yen.

Japan has made huge efforts to prevent yen falls, Kuroda says. BOJ raising rates, not intentionally weakening yen. BOJ taking 'right' step by raising rates gradually. The central bank is unwinding the radical monetary easing that Kuroda engineered during his 2013-2023 tenure to break Japan free from decades of deflation and sputtering growth.

The U.S. President's selection of Michel Issa as the next U.S. ambassador to Lebanon marks a significant shift in diplomatic strategy, with Trump's endorsement reflecting a desire to promote American business interests and economic ties with the region. As a seasoned banking expert and international trade leader, Issa brings valuable experience to the role, which is crucial given Lebanon's complex geopolitical landscape. The appointment also underscores the administration's commitment to strengthening bilateral relations between the U.S. and Lebanon.

Euro-zone inflation is more likely to get stuck above the European Central Bank’s target than to durably slow, according to Executive Board member Isabel Schnabel. The risk of overshooting the 2% target is higher than the risk of falling sustainably below it, she said in a recent article. This warning signals that policymakers may be preparing for a tougher debate over rate cuts and highlights the growing concerns about inflationary pressures in the region.

Five years after COVID-19 was declared a pandemic, its economic repercussions continue to shape global markets, with significant increases in government debt and persistent inflation challenges. The labor market has experienced shifts, particularly affecting women and poorer households, while changes in consumer behavior have led to enduring trends in remote work and digital transactions. Despite the initial shock subsiding, the pandemic's legacy remains a defining factor in the global economic landscape.

The stock market experienced its worst weekly decline in six months, with investors becoming increasingly risk-averse due to uncertainties around trade policy and economic forecasts. The S&P 500 dropped 4.3% last September following a weaker-than-expected August jobs report, and it has since tested its 200-day moving average for the first time since November 2023. The four charts provided offer insight into this week's market volatility, showing a decline in semiconductor stocks, a drop in the US dollar index, and a surge in the 10-year US Treasury yield.

Duke University is bracing for substantial losses in federal funding, particularly from the National Institutes of Health, which could amount to hundreds of millions of dollars. The university's research operations are already showing signs of strain, with hiring freezes and halted expansion projects as a response to the impending budget cuts. The Trump administration's decision to reduce indirect cost reimbursements has raised alarms about the sustainability of research programs, particularly in the School of Medicine, which relies heavily on NIH funding.

Federal Reserve Chair Jerome Powell isn't ready to make any serious moves to further cut interest rates until the U.S. economic picture comes into clearer focus amid tumultuous tariff policy and tax rate uncertainty, said Skylar Weinand, chief investment officer at Regan Capital. Powell's 'wait-and-see' approach is a response to the growing uncertainty in the global economy, where investors are seeking safe-haven assets due to trade tensions and policy changes. The Federal Reserve's monetary policy decisions will have significant implications for the U.S. economy and its competitors globally.

Jio Platforms is launching a cloud-based AI PC, accessible on any device, giving users the ability to develop and deploy high-compute AI applications. The new system will not require hardware and can be accessed on any device, allowing users to build and deploy AI apps across India's largest phone network. Enterprise offering JioBrain will provide machine learning-as-a-service.

The US President has intervened in a cost-cutting row after a reported clash at the White House, calling a meeting to discuss Elon Musk and his efforts to slash government spending and personnel numbers. The meeting reportedly turned heated, with Musk accusing Secretary of State Marco Rubio of failing to cut enough staff at the state department. After listening to the back-and-forth, President Trump intervened to make clear he still supported Musk's Department of Government Efficiency (Doge), but from now on cabinet secretaries would be in charge and the Musk team would only advise.

Rep. Nancy Pelosi has reportedly made a significant profit from her options trade on Tempus AI (NASDAQ: TEM), acquiring 50 call options at a strike price of $20, coinciding with a remarkable 183% surge in the stock price following her disclosure. Investors closely monitor Pelosi’s trading moves due to her impressive track record, which yielded a 70.9% return in 2024, significantly outperforming the S&P 500. The recent partnership of Tempus AI with the Institute for Follicular Lymphoma Innovation and its substantial revenue growth illustrates the company's promising future, despite current trading challenges.

The Trump administration is pulling $400m of federal funding from Columbia University, citing the college's alleged failure to combat antisemitism on campus. The university has faced significant backlash for its handling of pro-Palestinian protests last year, which saw some of the largest and most tense demonstrations in US history. Columbia University's reputation as a prestigious institution is now under scrutiny following the decision.

The Trump administration has canceled grants and contracts worth about $400 million to Columbia University due to alleged antisemitic harassment on and near the school's New York City campus. The cuts come from a total of more than $5 billion in grants committed to the university, which includes funding for healthcare and scientific research. This move has sparked controversy, with civil rights groups arguing that it is an unconstitutional punishment for protected speech.

Severe flooding in Bahia Blanca, Argentina, triggered by heavy rainfall, has resulted in at least 10 fatalities and significant destruction, including collapsed roads and bridges. Over 260 millimeters of rain fell in just a few hours, prompting extensive evacuations and the deployment of military resources to assist affected residents. The Argentine government has allocated 10 billion pesos in financial aid to support recovery efforts in the port city, which houses around 300,000 people.

NASA officials have provided clarity on the fate of two astronauts who were left in space after their malfunctioning Starliner spacecraft was grounded. The return of Butch Wilmore and Suni Williams to Earth is now expected later this month, as part of a new Crew 10 mission. NASA officials stated that the original offer by SpaceX to bring the astronauts home on a Crew Dragon vehicle was not declined for political reasons.

Meta has introduced a new widget that brings instant access to its Meta AI assistant, allowing users to easily engage with the technology without having to open the app first. The widget provides one-tap access to text search, camera for image-based queries, and voice input for hands-free interactions. While the feature may be convenient for some, it has also raised concerns about the potential intrusiveness of Meta AI.

Wind and wave power will be incorporated into national economic assessments for the first time, according to new changes approved by the United Nations. This update aims to reflect the growing importance of renewable resources and data as economic assets, which could potentially inflate the estimated size of economies like the UK's by 2-3% by 2030. While the changes are described as “tweaks” rather than a major overhaul, they may lead to increased government spending commitments based on a larger perceived economic base.

Alphabet Inc. (NASDAQ:GOOGL) has recently unveiled its AI-driven search mode with Gemini 2.0, marking a significant shift in the company's approach to search and driving results. This development is part of Alphabet's efforts to bolster its search engine capabilities and stay competitive in the rapidly evolving landscape of AI-driven search modes. The launch of Gemini 2.0 is seen as a major step towards enhancing user experience and driving innovation in search.

Millennium Management has lost about $900 million so far this year from two teams focused on index rebalancing, a strategy recently upended by global stock market volatility, according to people familiar with the matter. The losses are attributed to bouts of market unrest combined with the crowded nature of the trades, which can trigger significant losses even if portfolio managers bet on the right stocks. Index rebalancing involves betting on which companies enter or exit various stock indexes, and its upside can be significant.

The 2025 Q1 earnings season is projected to show a 6.2% increase in earnings compared to the previous year, alongside a 3.8% rise in revenues, indicating continued growth momentum. Initial reports from companies like Costco and AutoZone set the stage for upcoming earnings announcements from major firms such as Oracle and Adobe. Despite these positive trends, there are concerns about potential macroeconomic challenges and a rise in negative earnings revisions from retailers, which may signal a shift in the earnings landscape.

The U.S. government has announced plans to build a strategic reserve of digital assets, including bitcoin, under the direction of President Donald Trump. The move is seen as a response to growing concerns over the volatility and regulatory uncertainty surrounding cryptocurrencies. Industry leaders are cautiously optimistic about the potential benefits of this initiative, but also express concerns over the lack of clarity on regulations and oversight.

Federal Reserve Bank of San Francisco President Mary Daly on Friday called out the elevated uncertainties around the economic outlook, but said that with the economy solid and short-term borrowing costs "in a good place," the U.S. central bank does not need to make any rushed moves. Economic research will tell you that uncertainty is a source of demand restraint, she said in a post on LinkedIn. From a monetary policy perspective, all of that is a reason to be careful and deliberate.

South Carolina executed Brad Sigmon by firing squad on Friday, marking the first instance of this execution method in the U.S. since 2008. Sigmon, who opted for this method due to concerns about the potential pain of lethal injection and the electric chair, was pronounced dead shortly after the execution, which involved three executioners firing simultaneously at a target on his chest. This event highlights ongoing debates surrounding the methods of capital punishment and the ethical implications involved in their use.

Ascend Performance Materials Inc. has secured fresh financing from some of its creditors, providing the company with time to restructure its debt and address concerns over its financial health. The new loan will give Ascend a much-needed lifeline as it navigates earnings pressure and approaches a loan maturity next year. By obtaining this rescue financing, the chemicals firm aims to shore up its liquidity pool and make progress on restructuring its debt.

The first US inmate to be executed by firing squad in over 15 years, Brad Sigmon, was shot to death on Friday as part of a state-approved method of execution. Sigmon's request for the method was approved after he had declined other options, including electric chair and lethal injection. The South Carolina Department of Corrections has confirmed that three corrections department volunteers fired rifles at Sigmon with specially designed bullets.

Tesla, Inc.'s (NASDAQ:TSLA) stock price target has been lowered by Baird, reflecting near-term headwinds in the automotive and energy sectors. The firm's analysts expect a decline in sales due to competition from established players and the company's focus on luxury products. Meanwhile, the AI-powered rally in Chinese equities could boost other markets as well, according to Goldman Sachs.

U.S. stocks finished higher on Friday, rebounding from early declines after Federal Reserve Chair Jerome Powell said the economy was "in a good place," but uncertainty about U.S. trade policy led to Wall Street's biggest weekly decline in months. The benchmark S&P 500 finished with its biggest weekly loss since September. Stocks have been volatile this week due to the ongoing trade tensions, which have raised concerns among investors. Powell's comments did little to alleviate these fears.

Anysphere, the developer of AI-powered coding assistant Cursor, is in talks with venture capitalists to raise capital at a valuation of nearly $10 billion. The round, if it transpires, would come about three months after Anysphere completed its previous fundraise of $100 million at a pre-money valuation of $2.5 billion. Investors seem to be willing to value fast-growing companies like Cursor at even higher multiples now.

Gene Hackman and his wife Betsy Arakawa died of natural causes about a week apart, with Hackman's advanced Alzheimer's disease contributing to his death. The rare virus hantavirus was the cause of Arakawa's illness, which is extremely rare in humans. The couple's deaths are being investigated by authorities, who have found evidence of rodent activity on their property but consider the risk low.

Victoria Beckham's Fall/Winter 2025-2026 Women's ready-to-wear collection showcased a cohesive aesthetic, with monochromatic colors and curled hems adding a touch of sophistication to her designs. The minimalist approach allowed models to shine in various styles, from square-toed shoes to spiked heels, while the emphasis on tailored suits, dresses, and coats demonstrated Beckham's expertise in creating polished looks. The finale, set to a melancholy soundtrack, left a lasting impression on the audience.