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U.S. Treasury Secretary Scott Bessent speaks to reporters at the White House on October 22, 2025 in Washington, DC. Kevin Lamarque | ReutersTreasury Secretary Scott Bessent acknowledged Monday that the list of candidates to replace Federal Reserve Chairman Jerome Powell has been narrowed to five, and President Donald Trump said a successor would likely be named by the end of the year.According to multiple media outlets, Bessent told reporters on Air Force One that the finalists include current Fed directors Christopher Waller and Michelle Bowman, National Economic Council member Kevin Hassett, former Fed director Kevin Warsh and BlackRock executive Rick…

Dan Rosensweig, Chegg CEOScott Mullin | CNBCChegg announced Monday that it will lay off 388 people, or about 45% of its workforce, as its revenue plummets due to the “new reality” of artificial intelligence and declining traffic from internet searches. The 20-year-old online education company has been hurt by the rise of generative AI software tools, such as OpenAI’s ChatGPT, which are growing in popularity among students. Chegg also filed a lawsuit. google In February, it claimed that AI-powered summarization of search results was hurting traffic and sales.The company reiterated that claim on Monday, saying AI and “reduced traffic from…

For the families of Japanese people abducted by North Korean agents decades ago, this week marks perhaps the best week of substantial progress in many years. Not only does Japan have a new prime minister, but US President Donald Trump is also in their world, with unfinished business in terms of returning loved ones. Japan says at least 17 of its citizens were abducted by North Korean agents in the late 1970s and 1980s, in hundreds of unexplained incidents. In 2002, five citizens were returned. Some families are still waiting. North Korea disputes the death toll, saying some people died…

EXA Darksideral Musk & Techno Mechanicus Musk (Kids)In a 2022 interview with Vanity Fair, Grimes revealed that she and Elon had unofficially given birth to a baby girl through a surrogate. “Exa is a reference to the supercomputing term exaFLOPS, the ability to perform 1 quintillion floating point operations per second,” she said. “Darkness, on the other hand, is the unknown. People are afraid of it, but in reality, it’s the absence of photons. Dark matter is a beautiful mystery of our universe.” According to Mama, “Side-el” is pronounced “sigh-deer-el” and is “not Earth-relative time, but true cosmic time, star…

Check out the companies making the biggest moves in pre-market trading: Rare Earth Stocks — Treasury Secretary Scott Bessent said Sunday that he expects stocks of rare earth mining companies to fall as China delays imposing tough rare earth export controls as part of its trade deal with the United States. U.S. antimony fell nearly 15%, critical metals fell 9% and U.S. rare earths fell 7%. MP Materials and Energy Fuels both fell about 4%. Avidity Biosciences — Avidity Biosciences soared nearly 44% after Novartis announced it would acquire the biopharmaceutical company for about $12 billion in cash. Novartis will…

Fitbit’s new Gemini-powered Health Coach was announced in August and will be available in public preview on Android for premium subscribers in the US starting tomorrow. It will also expand to iOS later this year. As AI competition heats up, Google is counting on its Gemini AI assistant to help Fitbit stand out from the crowd. This feature, called “Coach,” is designed to act as an all-in-one fitness trainer, sleep coach, and health and wellness advisor. Image credit: Google At a recent Made by Google event, Google introduced a variety of features in Coach, including a way to create custom…

My Top 10 Noteworthy Monday, October 27th1. Wall Street was in rally mode this morning about the possibility of a US-China trade truce. If the opening price is higher, last week’s levels will be extended. S&P500 On Friday, the stock soared to an all-time high. The coming week will bring in a ton of gains, including many in the Magnificent Seven stocks. There are 10 club stocks in total.2. The presumptive winners of trade with China are semiconductor exporters. Nvidia and advanced micro deviceboth rose more than 2%. Farmer too, that’s why Deer was up this morning. U.S.-listed rare earth…

Robots can be programmed to perform a variety of tasks, such as packing boxes or performing surgery. However, each individual movement or task requires a unique training process, making it difficult for robots to adapt to real-world scenarios. Mbodi wants to make training robots easier and faster with the help of AI agents. The company plans to showcase the technology at TechCrunch Disrupt 2025 as one of the Top 20 Startup Battlefield finalists. New York-based Mbodi has built a cloud-to-edge system, a hybrid computing system that uses both cloud and local computing, designed to integrate into existing robotics technology stacks.…

David Ryder Getty Images News | Getty ImagesAmazon The company is preparing to announce significant layoffs starting Tuesday, CNBC reported.The layoffs represent the largest workforce reduction in Amazon’s history and span nearly every business, said a person familiar with the matter, who asked not to be identified because the details are confidential.Amazon plans to begin notifying employees of the layoffs via email starting Tuesday morning, the person said.According to Reuters, which first reported the news, the company plans to lay off up to 30,000 employees overall.Amazon declined to comment.Amazon is the second largest private employer in the United States, with…

Lithuania has closed its border with Belarus following “constant acts” of airspace violations, the country’s Foreign Ministry announced on Monday, as European countries put on high alert against intrusions into their skies. In recent days, “dozens of helium balloons” have entered Lithuanian airspace from Belarus, according to Prime Minister Inga Ruginiene. “Dictators are once again testing the resilience of the (European Union) and NATO against a hybrid threat,” he said in a post on X on Monday, calling for a “united and decisive response” to airspace violations. Ruginyene told a news conference that his country’s military would take “all necessary…