iCloud.Info

• Official NBER recession data says US recessions have become less common over time. 
• But some economists have argued that flawed historical economic data puts this claim in question.  
• A variety of factors should be making the US economy more recession

Seeing a famous face appear considerably younger than their actual years in a brand-new movie can be startling—Indiana Jones and the Dial of Destinydid all right by Harrison Ford, but even Jeff Bridges shudders at his appearance in Tron: Legacy. But 93-year-old Star Trek legend William Shatner is willing to take his…

Read more...

• Two Stifel employees have left following an investigation into their conduct.
• They worked in London for the St. Louis-based investment bank.
• Stifel told The Times of London it had "investigated and have taken appropriate action."

Two employees of Stifel have left the investment bank following an investigation into their conduct with a cleaning contractor.

The Times of

• Famed investor Warren Buffett's Berkshire Hathaway placed a $2.7 billion bet on Paramount in 2022.
• It hasn't worked, at all — Buffett just said he has sold all his stock and lost "quite a bit of money."
• Let's do some math to figure out what that means.

What's going to happen to

• Fisker is closing down its Manhattan Beach headquarters, three sources told Business Insider.
• The company has said it could run out of money and file for bankruptcy.
• Fisker has had a number of layoffs over the past few months.

Fisker has begun to close its Manhattan Beach office

OpenAI and the developer platform Stack Overflow have announced a partnership that could potentially improve the performance of AI models and bring more technical information into ChatGPT.

OpenAI will have access to Stack Overflow’s API and will receive feedback from the developer community to improve the performance of AI models. OpenAI, in turn

The gendered feud over the temperature setting in the office or at home might be overblown, new government-led research suggests. The study found little difference between how men and women self-reported the chilliness of their surroundings. There was also no major distinction between the sexes in the temperatures…

Read more...

• A coming recession could end up sparking a "violent correction" in stocks, Gary Shilling told BI.
• The top forecaster pointed to warning signs of a downturn, such as a weaker job market.
• A full-blown recession could kill investor speculation, sending stocks crashing, he warned.

Investors should be prepared for a recession with the potential to send the stock market plummeting

• The US economy may already be mired in recession, Danielle DiMartino Booth told Bloomberg TV.
• Downside labor revisions and rising job losses indicate a downturn has hit, the QI Research CEO said.
• She argues that by one unemployment indicator, a recession was triggered in October 2023.

The US is already mired in recessionary downturn, and rising job losses

More than anything, Star Wars: Episode 1 - The Phantom Menace is a fascinating cultural object. It's been 25 years since I saw the film in theaters, and over a decade since I last rewatched it (in a vain attempt to help my Trekkie wife catch up to the prequels). I've had enough time to process the initial disappointment and embarrassment of introducing my wife to Jar Jar Binks. So when Disney

The Star Wars Universe gets turned upside down in Lego Star Wars: Rebuild the Galaxy, a fun what-if style series. When ordinary nerf-herder Sig Greebling (Gaten Matarazzo) unearths a powerful artifact from a hidden Jedi temple, the galaxy as we know completely changes.

Read more...

The Biden Administration has opened applications for $285 million in CHIPS Act funding for an institute to develop digital twins for the chip manufacturing industry. The investment aims to speed up silicon design and engineering while boosting national security. It’s part of a multi-billion-dollar push to establish the US as a thriving chip fabrication powerhouse, reducing dependence on the global