Legendary technologist and philanthropist Gordon...
Legendary technologist and philanthropist Gordon Moore passed away Friday at his Hawaii home at the age of 94 from natural causes, according to a family representative. Among other accomplishments, he co-founded the multinational Intel and coined the concept of "Moore's Law" in 1965—a prediction that computing power would increase exponentially because the number of transistors per microchip would double roughly every two years.
An upset-laden men's NCAA basketball tournament ...
An upset-laden men's NCAA basketball tournament has narrowed its field down to the Final Four, with No. 9 Florida Atlantic set to take on No. 5 San Diego State (Saturday, 6 pm ET, CBS) and No. 4 Connecticut facing No. 5 Miami (Saturday, 8:30 pm ET, CBS). While each team has had a unique path to the final weekend, Connecticut enters the final two rounds having won each game by double digits, including a dominating 82-54 win over No. 3 Gonzaga Saturday.
This year's tournament on the men's side has been one of the most chaotic in league history. For just the second time, a No. 1 seed lost in the first round (Purdue), a No. 15 seed advanced to the Sweet Sixteen (Princeton), and for the first time since seeding began in 1979, no No. 1 teams made it to the Elite Eight. Many have compared it to 2014, which saw 19 upsets where a team seeded at least two spots lower than their opponent and ended up victorious.
Potential Credit Crunch in Commercial Real Estate is Looming
JPMorgan analysts said that nearly $450 billion in commercial real estate loans are...
JPMorgan analysts said that nearly $450 billion in commercial real estate loans are set to mature in 2023, 60% of which are held by banks.
Of that batch, almost a quarter will default, JPMorgan estimates, which could imply roughly $38 billion in losses for banks.The potential problems echo the 2008 Financial Crisis when plummeting property values tipped the economy into a deep recession. But this time around, it is commercial rather than residential real estate that may be in trouble.
Enbridge's Line 5 tunnel project hits regulatory snag
The US Army Corps of Engineers has extended the review schedule for Enbridge's proposed ...
The US Army Corps of Engineers has extended the review schedule for Enbridge's proposed $500 million Line 5 tunnel project beneath Michigan's Straits of Mackinacby more than a year, with completion of a draft environmental impact statement now expected in spring 2025. Enbridge expressed disappointment over the revised timeframe and warned that construction of the project won't begin until 2026 at the earliest.
No No. 1 seed teams are left in the men’s March Madness tournament after ...
No No. 1 seed teams are left in the men’s March Madness tournament after Alabama and Houston were knocked out last night.
The Los Angeles school district has reached a deal with the union that represents its 30,000 support workers, agreeing to raise salaries one day after the end of a three-day strike that shut down all its schools.
Gordon Moore, the Intel co-founder whose vision of the future power of computer chips was known as “Moore’s law,” has died at 94.
Paul Rusesabagina, whose heroics inspired the movie Hotel Rwanda, will be released from prison today. He was convicted of terrorism in 2021 after criticizing Rwanda’s government.
A wolverine was spotted outside its normal roaming range for the first time in three decades.