Beauty company Avon International has selected Blue Yonder’s cognitive demand planning, enterprise supply planning and control tower AI solutions to create an end-to-end next-generation supply chain. Part of Avon International’s strategy is to optimise its manufacturing and distribution processes in both Europe and Asia Pacific (APAC) by establishing a planning hub for centralised demand and […]
The price of oil has been volatile in the past 12 months. WTI, the US benchmark price, peaked above $90 at the end of September and fell just below $70 in December. Currently, it’s at $82 per barrel, a high price that is a boon to an industry that is also generating record-level production. The […]
NASA has set its sights on the Moon, aiming to send astronauts back to the lunar surface by 2026 and establish a long-term presence there by the 2030s. But the Moon isn’t exactly a habitable place for people. Cosmic rays from distant stars and galaxies and solar energetic particles from the Sun bombard the surface, […]
What you need to know A new research study shows OpenAI’s GPT-4 model is better at predicting future earning trends than professional financial analysts or state-of-the-art AI models trained to handle such tasks. The researchers indicate that GPT-4 didn’t have access to qualitative data during the study. The study attributes GPT-4’s performance to its economic […]
In case you haven’t noticed, the green flag has been waving for optimistic investors for more than a year. Since the start of 2023, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth stock-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) have respectively gained 18%, 35%, and 56%, as well as pushed […]
It’s been a pretty great week for Cantaloupe, Inc. (NASDAQ:CTLP) shareholders, with its shares surging 14% to US$6.74 in the week since its latest third-quarter results. Revenues of US$68m fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of US$0.06 an impressive 43% ahead of estimates. Earnings are […]
Many economists forecast a recession in 2023 as scorching inflation and rapidly rising interest rates threatened to choke the economy, but that downturn never materialized. In fact, the U.S. economy expanded 2.5% in 2023, an acceleration from 1.9% in 2022. However, consumer spending and business investments slowed in the first quarter of 2024, such that […]
(Bloomberg) — The Federal Reserve is stuck in a mode of forecasting and public communication that looks increasingly limited, especially as the economy keeps delivering surprises. Most Read from Bloomberg The issue is not the forecasts themselves, though they’ve frequently been wrong. Rather, it’s that the focus on a central projection — such as three […]
Apr. 3—Speakers at a Wednesday ceremony marking the 50th anniversary of the devastating tornado that struck Xenia and Wilberforce on April 3, 1974, said the disaster led to changes in weather forecasting and showed how a community can pull together and prevail. “That day did bring us all together and made us all neighbors,” said […]
Akio Toyoda, Toyota Motor’s chairman, has never been a huge fan of battery electric vehicles. Last October, as global sales of EVs starting to slow down amid macroeconomic uncertainty, Toyoda crowed that people are “finally seeing reality” on EVs. Now, the auto executive is doubling-down on his bearish predictions, boldly predicting that just three in […]
Stock Market Crash Plunge Dollar Newspaper Invest Dow SP 500 Getty Pardon the cliché, but Wall Street’s only given in the short-term is that there is no such thing as a given. Since this decade began, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth-propelled Nasdaq Composite (NASDAQINDEX: ^IXIC), […]
A new agreement between multiple U.S. government agencies aims to improve space weather forecasts and the government’s ability to mitigate the effects of solar storms on critical infrastructure. The Memorandum of Agreement for Space Weather Research-to-Operations-to-Research Collaboration combines the forces of National Oceanic and Atmospheric Administration (NOAA) scientists with other government agency leaders to bring […]