THE POWER OF THE SIXTH SENSE

An AI tool that takes screenshots of Microsoft users' laptops every few seconds will not be released next week due to security concerns. One cyber security expert believes that criminals may "grab and go" with the function. According to a Thursday post, Microsoft will make Recall available to its testing group, Windows Insider Program, "in the coming weeks" rather than "broadly available" on Copilot+ PCs on June 18th. "This decision is rooted in our commitment to providing a trusted, secure, and robust experience for all customers, as well as seeking additional feedback," wrote Microsoft vice president Pavan Davuluri. One cyber security expert told Sky News that the feature was a "grab and go" target for criminals, which prompted the delay. "With Recall, [criminals] will essentially have everything in a single location," Check Point's lead security engineer, Muhammad Yahya Patel, explained. "It is a one-shot attac...

 The 50-year U.S.-Saudi petrodollar deal expired recently. Global crude oil transactions employ the U.S. dollar, known as the “petrodollar”. After the U.S. left the gold standard in the 1970s, the US and Saudi Arabia made a pact that had far-reaching effects on the world economy. Few global financial accords have benefited the U.S. economy as much as the petrodollar pact. Good for U.S. Bonds After the 1973 oil crisis, Saudi Arabia agreed to price its oil exports in U.S. dollars and invest its surplus income in Treasury bonds under the petrodollar agreement. The U.S. protected the kingdom militarily in return. This deal gave the U.S. a dependable oil supply and a captive debt market, while Saudi Arabia received economic and overall security. Reserve Currency status Oil denominated in U.S. dollars is significant beyond oil and finance. The deal made the dollar the world's reserve currency by requiring oil sales in DXY. This has greatly affected the U.S. economy. American consumers pa...

   [caption id="attachment_59317" align="aligncenter" width="1200"] image credit: Nvidia[/caption] Nvidia shares will drop to 10% of last week's price for good cause. On the first trading day of today, Nvidia stock is trading at $100 instead of $1,000 after a 10-for-1 stock split. Stock splits lower share prices by giving present holders more shares, making it easier for more investors to buy a stock. Nvidia split like many other tech companies whose shares had soared, so it reined them back and prepared for a new growth phase. Alphabet, Amazon, and Tesla all divided stocks in recent years. After Nvidia's share price soared beyond $900 earlier this year, investors speculated about a split. When it was announced late last month, along with a solid earnings report, the stock soared past $1,000. Now that Nvidia has finished this long-awaited procedure, here's what to expect. First, some stock split details. After trading closed on June 7, Nvidia ...

  The S&P 500 and Nasdaq set record closing highs for a fourth straight day on Thursday as technology shares maintained their climb. Last week, new unemployment claims rose and producer prices unexpectedly declined in May, bolstering chances of a September Federal Reserve rate cut. After three quarter-percentage-point cuts in March, the Fed forecast only one rate cut this year on Wednesday. The S&P 500 technology sector and semiconductor index (.SOX) climbed strongly. After Broadcom boosted its projection for income from artificial intelligence semiconductors, shares rose to a record high. A 10-for-1 forward stock split was also announced. Nvidia (NVDA.O) shares also rose. "We're seeing a little bit more of a decline in yields, but it's still very much a tech story" in stocks, said Murphy & Sylvest senior wealth advisor and market strategist Paul Nolte in Elmhurst, Illinois. "When you look at the broader market, you're not seeing the participation...

 On a Thursday visit to Capitol Hill, Donald Trump blasted U.S. funding for Ukraine, urged Republicans to cut gratuity taxes, and promoted tariffs. He also dubbed the city hosting his party's presidential convention "horrible." Trump met with House and Senate Republicans to repair differences before the Nov. 5 election, which could give his party control of the White House and both chambers of Congress. Despite their tense relationship, he shook hands with Senate Republican Leader Mitch McConnell and advised hard-line Representative Marjorie Taylor Greene to "be nice" to House Speaker Mike Johnson after her unsuccessful deposition effort. Trump remarked, "There's tremendous unity in the Republican Party," after the Senate meeting. Republican leaders hurried to explain after numerous media sources reported that Trump informally dubbed Milwaukee a "horrible" city a month before his party's presidential nomination there. That might alien...

 Photoshop maker Adobe boosted its fiscal 2024 revenue prediction on Thursday as more businesses and individuals use its AI-powered editing tools amid an easing economy. [caption id="attachment_59611" align="aligncenter" width="1200"] image credit: the adobe blog[/caption] The San Jose, California-based company's shares rose 14% in extended trade. The company now forecasts revenue between $21.40 billion and $21.50 billion, up from $21.30 billion. LSEG says analysts projected $21.46 billion on average. As creative workers spend more on Adobe's Premiere Pro, Animate, and After Effects, Adobe's AI initiatives are paying dividends. Despite competition from OpenAI, Stability AI, and Midjourney, the business announced in April that Photoshop will include an AI tool to make images. [caption id="attachment_37522" align="aligncenter" width="590"] Photo: Open AI[/caption] The company topped second-quarter revenue projectio...