Meta Just Proved People Hate Chronological Feeds
For three months in late 2020, nearly 7,200 US adults on Facebook and 8,800 on Instagram received a radically different experience than the services’ billions of other users. When they …
BUSINESS
Energy bills forecast to stabilise but stay well above pre-pandemic levels
E nergy bills are expected to remain “relatively stable” but significantly above pre-pandemic levels for the foreseeable future, according to latest analysis. Consultancy firm Cornwall Insight has forecast “relatively small …
California rent hikes on 1-family homes shrink below pre-pandemic pace – The Mercury News
”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data. Buzz: California landlords are shrinking …
Soft Landing Optimism Is Everywhere. That’s Happened Before.
In late 1989, an economic commentary newsletter from the Federal Reserve Bank of Cleveland asked the question that was on everyone’s mind after a series of Federal Reserve rate increases: …
More Battlefield AI Will Make the Fog of War More Deadly
The United States military is not the unrivaled force it once was, but Alexandr Wang, CEO of startup Scale AI, told a congressional committee last week that it could establish …
Homeowners hope mortgage rates have peaked as Nationwide cuts prices
H ope grew today that mortgage rates have peaked as Nationwide became the biggest lender yet to cut its rates. The country’s biggest building society is cutting the price of …
Elon Musk wants to turn tweets into ‘X’s’. But changing language is not quite so simple
By BARBARA ORTUTAY | AP Technology Writer SAN FRANCISCO — Elon Musk may want to send “tweet” back to the birds, but the ubiquitous term for posting on the site …
Shell Reports Sharply Lower Earnings as Energy Prices Ease
Why It Matters Shell’s performance, which came in below analysts’ forecasts, shows that the petroleum industry may have reached a certain equilibrium after an extended period of volatility stemming from …
U.S. economy grew at a faster 2.4% rate in April-June quarter despite Fed rate hikes
In fighting inflation, which last year hit a four-decade high, the Fed has raised its benchmark rate 11 times since March 2022, most recently on Wednesday. The resulting higher costs …
Why has British Gas made a record profit?
B ritish Gas had Ofgem to thank for its record-breaking profit on Thursday, as it was allowed to recoup some of the money it lost during the energy crisis and …