Anna's Daybreak News

Good morning news aficionados! Embark on an expedition through the interconnected world of news, where we untangle the threads of headlines, explore diverse perspectives, and navigate the ever-evolving landscape of current events. 📰🌟

• US workers are growing gloomier about the near-term business outlook for their employers, according to a new index.


• Employee confidence in the six-month outlook for their employer fell to 47.6% in July from 53.4% a year ago, according to data from Glassdoor.


• The gloomy outlook appears to be largely driven by the coronavirus pandemic, which continues to ravage the US and has had a profound effect on the American workforce.


• Fears of higher interest rates for longer also weigh in in gauging the ability of businesses to navigate high interest rate waters.


• Looks like employers might want to throw a little job security into the mix, or risk a full-on self-fulfilling prophecy of an economic downturn!
Source: Read More

• Fed Chair Jerome Powell stands strong, determined to impose the Fed's 2% inflation target.


• Markets eagerly anticipate when the rates hikes will end, only to be disappointed.


• Powell expressed that further interest rate increases may be necessary to cool inflation, yet his promise to move with care at upcoming meetings added some uncertainty.


• The U.S. dollar was subdued on Tuesday, as traders remain hesitant to make large bets ahead of the incoming data.


• This week's top-tier data will provide more direction on the Fed's next move.


• The spotlight this week will be on data such as job openings and personal consumption expenditure, which could affect the U.S. dollar.


• The Fed's message is clear: No matter how hard you try, you can't outrun a rate hike...just ask all the traders trying to get away with bearish holdings of U.S. two-year Treasury notes.
Source: Read More

• The Russian attempt to hold onto its two main objectives in Southern Ukraine--Melitopol and Mariupol--is intensifying as Ukraine’s counteroffensive gains momentum.


• Kyiv’s forces have liberated Robotyne and Urozhaine and gained a few miles closer to their objectives.


• Russia has responded by redeploying the 76th Guards Air Assault Division, "arguably Russia's best division and is relatively fresh."


• The outcome will depend on which side makes best use of its reserves, and for Russia, failure could drastically diminish its combat-ready forces.


• This really is a slow boil until the flood gates are broken.
Source: Read More

• OpenAI launched their corporate version of ChatGPT with added features and privacy safeguards.


• ChatGPT Enterprise offers unlimited use of OpenAI’s most powerful AI model, GPT-4.


• Data encryption and no data use to develop OpenAI technology is also included.


• ChatGPT Enterprise allows for much longer prompts in comparison to consumer versions.


• Hugging Face Inc., a startup that creates AI software and hosts it for other companies, has been valued at $4.5 billion after raising $235 million in funding.


• Funding was provided by Alphabet Inc's Google, Amazon, Nvidia, Intel, Salesforce and others.


• Hugging Face, now with $395 million in total funding, plans to use the money to expand its core platform and build new products.


• Looks like AI is changing the world in more ways than one - from powering the latest tech to lining pockets with billions of dollars!
Source : Read More

Baked with love,

Anna Eisenberg ❤️