Fed raises interest rates 0.25 of a point as new-car loans loom at 7%
The Federal Reserve on Wednesday, July 26, increased its benchmark rate target 0.25 points to 5.25-5.5 percent,a decision that could leave auto dealerships and customers dealing with higher interest rates on car loans. New-vehicle auto loans were up.....»»
GM raises bar for employee performance with new ratings system
GM is now rewarding its top 5 percent of employees with 150 percent bonuses, higher than what was available in the previous system......»»
Physicists report new insights into exotic particles key to magnetism
MIT physicists and colleagues report new insights into exotic particles key to a form of magnetism that has attracted growing interest because it originates from ultrathin materials only a few atomic layers thick. The work, which could impact future.....»»
Predicting soil liquefaction risk using artificial intelligence
Soil liquefaction that results in infrastructure damage has long been a point of contention for urban planners and engineers. Accurately predicting the soil liquefaction risk of a region could help overcome this challenge......»»
A new study shows how the sun could permanently capture rogue planets
Interest in interstellar objects (ISOs) was ignited in 2017 when 'Oumuamua flew through our solar system and made a flyby of Earth. Roughly two years later, another ISO passed through our solar system—the interstellar comet 2I/Borisov......»»
Credit Acceptance posts Q2 net loss of $47.1 million as auto lender revamps cash flow forecasting
The average Credit Acceptance second-quarter auto loan financed $26,816 in principal and interest, paid the dealership a $12,278 advance and was slated to run for 61 months......»»
Practical strategies to mitigate risk and secure SAP environments
Large companies use ERP applications to manage business processes, including payroll and financial planning. This is precisely why bad actors are taking a renewed interest in these legacy systems – and succeeding. In this Help Net Security vide.....»»
Federal Reserve leaves interest rates unchanged again
The Federal Reserve opted against changing its benchmark rate during its July meeting, attempting to restrict future inflation for consumers but leaving them receiving higher interest rates than they might like on financed purchases like vehicles......»»
Researchers explore cancer susceptibility in birds
In one of the largest studies of cancer susceptibility across bird species, researchers at Arizona State University describe an intriguing relationship between reproductive rates and cancer susceptibility......»»
Penske Automotive Q2 net income falls 20% on higher interest costs
Penske Automotive Group net income dropped in the second quarter, though the auto retailer posted record second-quarter revenue of $7.7 billion......»»
AMD raises forecast for AI chip revenue and sees supplies remaining tight
AMD raises forecast for AI chip revenue and sees supplies remaining tight.....»»
Substack blames iCloud Private Relay outage for big drop in newsletter open rates
Last week, Apple’s iCloud Private Relay feature experienced a days-long outage. Today, that outage is being blamed by Substack for a troubling trend that its writers observed: a substantial drop in open rates for newsletters sent during the outage......»»
Scientists convert bacteria into efficient cellulose producers
Bacteria produce materials that are of interest to humans, such as cellulose, silk and minerals. The advantage of producing bacteria in this way is that it is sustainable, takes place at room temperature and in water. A disadvantage is that the proce.....»»
Microsoft 365 users targeted by phishers abusing Microsoft Forms
There has been an uptick in phishing campaigns leveraging Microsoft Forms this month, aiming to trick targets into sharing their Microsoft 365 login credentials. A malicious Microsoft form (Source: Perception Point) Malicious forms leading to phishin.....»»
TD Cowen raises AAPL target to $250 on AI and China sales
Investment analyst firm TD Cowen predicts that Apple Intelligence will bring a modest boost to the iPhone 16 range, but be much more significant in 2025, by when China sales are expected to have returned to growth.Render of the iPhone 16 rangeAhead o.....»»
Outsourcing conservation in Africa: NGO management reduces poaching and boosts tourism, but raises risks for civilians
There's an experiment going on in conservation in Africa. With biodiversity imperiled, and nations facing financial and political crises, some governments are transferring the management of protected areas to private, non-governmental organizations (.....»»
Union game performers strike over AI voice and motion-capture training
Use of motion-capture actors' performances for AI training is a sticking point. Enlarge / One day, using pixellated fonts and images to represent that something is a video game will not be a trope. Today is not that day......»»
Gamers are flocking to return Intel CPUs — and some are permanently damaged
A retailer has gone on the record about Intel's instability problems and claims high return rates for 13th-gen and 14th-gen CPUs......»»
Barbie movie “may have spurred interest in gynecology,” study finds
The movie apparently sparked some questions. Enlarge / A digital advertisement board displaying a Barbie movie poster is seen in New York on July 24, 2023. (credit: Getty | Selcuk Acar) This post contains spoilers—for.....»»
Top 5 stories of the week: Toyota engine recall; Stellantis CEO calls out U.S. plants
A quick look at the top automotive stories of the week as determined by reader interest......»»
How iBuyers are changing real estate racial disparities and individual homeownership rates in one major city
Instant buyers, also known as iBuyers, rapidly buy and sell homes using automated models to set prices. These companies, such as Opendoor and Offerpad, can turn around cash offers in a matter of hours, and they've captured more than 5% of the real es.....»»