Author: superadmin

U.S. Inflation Moderates, But Core Prices and Shelter Costs Remain Stubborn

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The U.S. inflation rate rose 0.2% in August, matching both July’s increase and economists’ predictions. On a core basis, which excludes volatile food and gas prices, inflation climbed by 0.3% from the prior month and 3.2% compared to last year. While inflation is cooling, it remains above the Federal Reserve’s 2% annual target, raising questions about the Fed’s next steps on interest rates. U.S. inflation print expected to tee up first Fed interest rate cut this month pic.twitter.com/vjcJyS8Jra — Jaz Grewal (@jazmortgage) September 11, 2024 Fed Chair Jerome Powell had previously indicated that a rate cut was likely during the…

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Campbell’s Soup Company Rebrands to Campbell’s Company, Reflecting Broader Product Range

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After more than a century of being synonymous with its iconic red-and-white soup cans, Campbell’s Soup Company is officially dropping the “Soup” from its name. The company is rebranding as “Campbell’s Company” to better align with its evolving product lineup, which now spans far beyond soup. CEO Mark Clouse emphasized that while soup remains a core part of the business, Campbell’s has grown into a diverse food company, offering a wide array of products that have gained significant market traction. Campbell Soup Company To Change Its Name | Today’s KOOL 105.5 https://t.co/mIekAWofYS pic.twitter.com/HPNOfHDY5g — KOOL 105.5 (@1055online) September 11, 2024…

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Elon Musk’s Mysterious Supercomputer Project Raises Concerns in Memphis

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In the industrial heart of South Memphis, a new factory owned by Elon Musk is rapidly taking shape, with the goal of housing the “world’s largest supercomputer.” This project, named “Colossus,” is intended to support Musk’s artificial intelligence company, xAI, which aims to “understand the universe” and accelerate human scientific discovery. However, its swift development and the secrecy surrounding it have stirred anxiety among local residents and environmental advocates. #ElonMusk’s xAI #supercomputer stirs turmoil over smog in #Memphis A massive project headed by Elon Musk in Memphis, Tenn., to power AI has moved at breakneck speed. But it’s stirring controversy…

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