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Bloomberg

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Bessent Emerges as Potential Fed Successor, Bloomberg Reports

Originally Published 7 months ago — by Yahoo Finance

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Source: Yahoo Finance

U.S. Treasury Secretary Scott Bessent has been reported by Bloomberg as a potential candidate to succeed Fed Chair Jerome Powell, though the White House has denied the report. Bessent is involved in Trump's trade and regulatory policies, and no formal interviews for the Fed chair position have reportedly begun.

S&P 500's Rally Masks Uneven Stock Performance

Originally Published 1 year ago — by Bloomberg

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Source: Bloomberg

The S&P 500 Index is experiencing a record rally, but a concerning trend is emerging as fewer stocks are driving the advance. This marks the ninth consecutive day where more stocks in the index are declining than rising, the longest streak since Bloomberg began tracking this data in 2004, indicating potential market weakness.

RFK Jr.'s Controversial Health Views Stir Debate on HHS Role

Originally Published 1 year ago — by The New York Times

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Source: The New York Times

Bloomberg has expressed strong opposition to the idea of Robert F. Kennedy Jr. serving as the U.S. Health Secretary, labeling it as 'beyond dangerous.' This criticism likely stems from Kennedy's controversial views on vaccines and public health, which have been widely criticized by health experts.

Sony's New Handheld Console Aims to Challenge Nintendo Switch

Originally Published 1 year ago — by Anime News Network

Sony is reportedly in the early stages of developing a new handheld console designed to play PlayStation 5 games, aiming to compete with Nintendo in the portable gaming market. This device is still years away from launch, and Sony may decide not to release it. This follows the release of the PlayStation Portal, a remote play device for PS5, in November 2023.

Apple Develops 'LLM Siri' to Enhance AI Capabilities by 2026

Originally Published 1 year ago — by The Verge

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Source: The Verge

Apple is reportedly developing 'LLM Siri,' an AI-enhanced version of its digital assistant, to compete with ChatGPT and Google's Gemini Live. This new Siri, expected by 2026, will offer more conversational interactions and improved functionality, including better integration with third-party apps and enhanced text summarization capabilities. Apple aims to differentiate its assistant by focusing on local device tasks, contrasting with the broader capabilities of OpenAI's models.

Apple's AI Wall Tablet Set to Revolutionize Smart Home Control by 2025

Originally Published 1 year ago — by PYMNTS.com

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Source: PYMNTS.com

Apple is reportedly developing a new AI-powered smart home device, codenamed J490, which may be announced as early as March. The device will feature a six-inch screen, camera, rechargeable battery, and internal speakers, and will integrate with Siri and Apple Intelligence. It aims to compete with Amazon's Echo Show and Google's Nest Hub, offering functionalities like controlling home appliances, FaceTime, and web browsing. A more advanced version with a robotic arm could be priced up to $1,000. Apple is also exploring the smart glasses market.