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May 15 2024
News
Why Making Computer Chips Has Become Such a Big Deal
Computer chips are the engine room of the digital economy, and their growing capabilities are enabling technologies such as generative artificial intelligence that promise to transform multiple industries. Their critical role was highlighted when the coronavirus pandemic disrupted chip production in Asia, tipping global technology supply chains into chaos. Small wonder, then, that the devices
BloombergJun 10 2022
News
Wall St suffers biggest weekly loss since January after hot CPI data
U.S. stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday as a steeper-than-expected rise in U.S. consumer prices in May fueled fears of more aggressive interest rate hikes by the Federal Reserve.
Tech and growth stocks, whose valuations rely more heavily on future cash flows, led the decline. Microsoft Corp (MSFT.O), Amazon.com
ReutersMay 16 2024
News
Asian stocks ease on uncertainty over timing of U.S. rate cuts
SINGAPORE, May 17 (Reuters) - Asian stocks inched lower on Friday as traders pondered the near term U.S. monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing. Data on Wednesday showed cooling U.S. consumer price inflation, prompting markets to swiftly price in at least two rate cuts
ReutersMay 16 2024
News
Safety of pedestrians and bicyclists remains a “huge priority,” Merced police chief says
More than a dozen pedestrians have been struck and killed by vehicles in Merced since 2021, according to Merced Police Department data. Merced Police Department crime analyst Lance Eber said in 2021, five of the 11 total vehicle crash fatalities in the city were pedestrians. In 2022, four of the 11 total vehicle crash fatalities accounted for pedestrian deaths while in 2023 four of the seven
The Merced Sun-StarMay 16 2024
News
Population map reveals America's fastest growing cities
Cities in the South continued to report the largest population growth in the entire country last year, according to the latest data from the U.S. Census Bureau, with Texas alone accounting for eight of the 15 fastest-growing cities in the region. The fastest-growing city among the ones with a population of 20,000 or more was Celina, Texas, whose population grew by 26.6 percent in 2023—more
NewsweekMay 16 2024
News
6 of every 10 Alabama students in high-poverty schools are Black
Alabama public school students are attending more racially diverse schools than they were 20 years ago, but most Black students are still concentrated in high-poverty schools, according to an analysis of historical school enrollment data by AL.com. The rising racial diversity in public schools is a good thing, said Erica Frankenberg, a Pennsylvania State University professor and Alabama native
AL.comMay 15 2024
News
Less than 3,000 SC students set to receive K-12 vouchers. Thousands more applications denied.
COLUMBIA — The state will award taxpayer-funded scholarships to 2,880 K-12 students for 2024-25, meaning just under half of the available slots could go unused for the program’s inaugural year, according to data the state Department of Education provided Wednesday to the SC Daily Gazette. The total of awarded scholarships means 64% of the 7,907 students whose parents applied by the March
Yahoo NewsMay 16 2024
News
One-Third of Credit Card Payments Delinquent
Roughly one-third of credit card holders were delinquent on their payments in 2023, up from 25% in 2019, data from the New York Federal Reserve shows. Eighteen percent maxed out their credit cards in the first quarter of 2024, tapping into 90% or more of their available credit. However, 50% had used less than 20% of their available credit. Younger borrowers and those in low-income areas were
Newsmax (News)May 16 2024
News
Only one Bay Area city had major population growth in 2023
California’s population grew last year, reversing some of the three-year decline driven by a pandemic-era exodus, according to new data from the California Department of Finance. The overall growth was modest — just 67,000 new residents across the Golden State — reflecting the fact that certain cities saw huge increases, while others’ populations fell precipitously. In the Bay Area, most
SFGATEMay 15 2024
News
7 Postal Workers Charged With Mail Theft From Rhode Island Distribution Hub
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U.S. News & World Report