- Google pauses ‘absurdly woke’ Gemini AI chatbot’s image tool after backlash over historically inaccurate pictures New York Post
- Google halts AI tool’s ability to produce images of people after backlash over historically inaccurate depictions of race CNN
- Google pauses Gemini AI for racially inaccurate images of historical figures UPI News
- Google to pause Gemini image generation after AI refuses to show images of White people Fox Business
- Google apologizes for “missing the mark” after Gemini generated racially diverse Nazis The Verge
Tag Archives: pauses
UN Security Council adopts resolution for ‘humanitarian pauses’ in Gaza – POLITICO Europe
- UN Security Council adopts resolution for ‘humanitarian pauses’ in Gaza POLITICO Europe
- Israel-Hamas war live: Israel says UN resolution ‘detached from the reality on the ground’ as forces withdraw from al-Shifa hospital The Guardian
- Israel-Hamas war live: Israel rejects UN Security Council Gaza resolution | Israel-Palestine conflict News Al Jazeera English
- US lets UN Security Council resolution calling for pauses in Gaza fighting pass without Hamas condemnation Fox News
- UN Security Council adopts resolution calling for urgent ‘humanitarian pauses and corridors’ in Gaza CNN
- View Full Coverage on Google News
UN Security Council adopts resolution for ‘humanitarian pauses’ in Gaza – Al Jazeera English
- UN Security Council adopts resolution for ‘humanitarian pauses’ in Gaza Al Jazeera English
- Israel-Hamas war live: Israel says UN resolution ‘detached from the reality on the ground’ as forces withdraw from al-Shifa hospital The Guardian
- US lets UN Security Council resolution calling for pauses in Gaza fighting pass without Hamas condemnation Fox News
- Israel-Hamas war live: Israel rejects UN Security Council Gaza resolution Al Jazeera English
- UN Security Council adopts resolution calling for urgent ‘humanitarian pauses and corridors’ in Gaza CNN
- View Full Coverage on Google News
Teenage Sex Pictures Scandal: BBC Pauses ‘Complex and Fast Moving’ Investigation as Police Takes Over – Variety
- Teenage Sex Pictures Scandal: BBC Pauses ‘Complex and Fast Moving’ Investigation as Police Takes Over Variety
- New BBC Scandal: Presenter Buys Explicit Photos from Teen Firstpost
- Network anchor suspended after allegedly paying cocaine-addicted teen for explicit photos Fox News
- “Get Him OFF My TV Screen… For Good!” Kevin O’Sullivan Slams Unnamed Suspended BBC Presenter TalkTV
- Rishi Sunak says misconduct claims against BBC host are ‘shocking’ and ‘concerning’ POLITICO Europe
- View Full Coverage on Google News
‘Game of Thrones’ Spinoff ‘The Hedge Knight’ Writers Room Pauses as George R.R. Martin Offers ‘Unequivocal Support’ of WGA – Variety
- ‘Game of Thrones’ Spinoff ‘The Hedge Knight’ Writers Room Pauses as George R.R. Martin Offers ‘Unequivocal Support’ of WGA Variety
- ‘Game Of Thrones’ Spinoff ‘A Knight Of The Seven Kingdoms: The Hedge Knight’ Shuts Down Writers Room For Duration Of Strike, Says George R.R. Martin Deadline
- ‘Game of Thrones’ Spin-Off Writers Room Shuts Down for Strike, George R.R. Martin Explains Why ‘House of the Dragon’ Season 2 Is Unaffected TheWrap
- ‘Game of Thrones’ spin-off ‘The Hedge Knight’ stalls amid writers’ strike Entertainment Weekly News
- George R.R. Martin Supports Strike, Game of Thrones Spinoff Pauses IndieWire
- View Full Coverage on Google News
Iowa pauses season ticket requests for women’s basketball after run to national championship game – Yahoo Sports
- Iowa pauses season ticket requests for women’s basketball after run to national championship game Yahoo Sports
- Are Iowa women’s basketball tickets sold out? You may be out of luck Hawk Central
- Iowa Pauses Women’s Basketball Ticket Sales Due to Demand After Caitlin Clark’s Run Bleacher Report
- Iowa sees explosion in women’s basketball season ticket interest, also at ‘really good pace’ in foot The Gazette
- Iowa Pauses WBB Season Ticket Sales for 2023–24 After Title Game Run Sports Illustrated
- View Full Coverage on Google News
‘Hacks’ Pauses Season 3 Production as Jean Smart Recovers From Heart Procedure – Variety
- ‘Hacks’ Pauses Season 3 Production as Jean Smart Recovers From Heart Procedure Variety
- ‘Hacks’ Season 3 Production Paused — Jean Smart Heart Surgery TVLine
- Jean Smart Recovering From “Recent Successful Heart Procedure”; Production On Season 3 Of ‘Hacks’ Paused Deadline
- Jean Smart Reveals She’s Recovering from a ‘Successful’ Heart Procedure: ‘Listen to Your Body’ PEOPLE
- Jean Smart Reveals She’s Recovering From Recent Heart Procedure Hollywood Reporter
- View Full Coverage on Google News
NASA Pauses Attempts to Fix Lucy’s Pesky Solar Array
NASA is taking a break from attempts to unfurl a finicky solar array on the Lucy spacecraft, claiming that the probe is too cold and that efforts at deploying the array could be more fruitful when Lucy is closer to the Sun in December 2024.
After launching in October 2021, one of the spacecraft’s two 24-foot-wide (7-meter-wide) solar arrays, which supplies power to Lucy, failed to fully unfurl, remaining stuck in an unlatched position. While NASA has made previous attempts to fully deploy the array, the agency announced in a blog post that the Lucy team will be suspending attempts to completely unfurl the array, saying the spacecraft is too cold.
That said, NASA’s not sweating the issue, and estimated in a blog post that the array is 98% deployed and will be able to withstand the remainder of Lucy’s 12-year mission to visit Jupiter’s mysterious Trojan asteroids, which orbit both ahead and behind the gas giant.
More on this story: 7 Things to Know About NASA’s First Mission to the Jupiter Trojan Asteroids
“Ground-based testing indicated that the deployment attempts were most productive while the spacecraft was warmer, closer to the Sun,” NASA communication officer Erin Morton wrote in the post last week. “As the spacecraft is currently 123 million miles (197 million kilometers) from the Sun (1.3 times farther from the Sun than the Earth) and moving away at 20,000 mph (35,000 km/hr), the team does not expect further deployment attempts to be beneficial under present conditions.”
NASA noticed issues with the solar array shortly after the mission’s launch, and deduced that it was a loss in tension in a lanyard used to unfurl the circular array. Lucy is now hurtling away from the Sun, getting colder and colder, but will return to Earth for a gravity assist in December 2024. At this time, the Lucy team hopes that spacecraft will be warm enough to try again.
In the meantime, the team behind Lucy will be collecting data on the misbehaving solar array to see how it operates at its slightly incapacitated state as Lucy continues its mission to visit Jupiter’s Trojan asteroid clusters.
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More: NASA’s Moon-Bound Lunar Flashlight Is Experiencing Thruster Issues
Market Rally Pauses, Tesla Jumps, Moderna Pops Late; What Investors Need Now
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. United Airlines headlined overnight earnings, while Moderna stock rose on RSV vaccine trial data. Microsoft job cuts and a Bank of Japan policy shift could come Wednesday.
X
The stock market rally had a relatively quiet session, despite a solid drop for the Dow Jones.
Tesla (TSLA) continued its rebound from bear-market lows, jumping 7.4% to 131.49. Shares moved slightly above the 21-day line, but remain well below the 50-day and especially the 200-day line. Tesla China EV registrations bounced in the latest week following recent big price cuts there. But it may be some time before investors get a clear picture of the impact of Tesla’s global price cuts and demand. Tesla earnings for Q4 are due on Jan. 25.
A pause for a few days would let more stocks set up. That includes stocks that rallied from early entries and could use handles.
Chevron (CVX), Vertex Pharmaceuticals (VRTX) and TJX Cos. (TJX) are three stocks that are actionable now.
But overall, investors should be patient.
Key Earnings
United Airlines (UAL) and Interactive Brokers (IBKR) reported Tuesday night.
United Airlines earnings comfortably beat Q4 views while the carrier also gave bullish guidance. UAL stock ascended modestly after hours. Shares dipped 0.9% to 51.20 on Tuesday, but after running sharply higher over eight sessions.
Interactive Brokers earnings topped views as well. IBKR stock rose slightly in overnight action. Shares slipped 2 cents to 77.19 on Tuesday, working on an 80.95 buy point from a double-bottom base. Friday’s move over the 50-day line offered an early entry, but just before earnings.
Charles Schwab (SCHW) and trucking firm J.B. Hunt Transport Services (JBHT) are due early Wednesday. SCHW stock inched up 0.6% to 83.49 on Tuesday, holding in a buy zone. JBHT stock dipped 0.3% to 176.29, between the 50-day and 200-day lines.
UAL stock is on the IBD 50. VRTX stock is on the IBD Big Cap 20.
Moderna RSV Vaccine
Moderna late Tuesday reported strong results for respiratory syncytial virus, or RSV, vaccine. The biotech’s RSV vaccine uses its mRNA technology. MRNA stock rose solidly in extended trading, signaling a strong bounce from around the 10-week line. The Moderna RSV vaccine follows positive RSV results from Pfizer (PFE) and GlaxoSmithKline (GSK).
Microsoft Job Cuts Loom
Meanwhile, Microsoft (MSFT) may announce new job cuts as soon as Wednesday, Bloomberg reported, citing sources. The cuts could be “significantly higher” than in prior layoffs. Sky News reported that the Dow Jones software giant could cut up to 5% of staff, which would be 11,000 jobs. In October, Microsoft cut about 1,000 positions.
MSFT stock rose 0.5% to 240.35 on Tuesday, its seventh straight advance and just below its 50-day line. Microsoft earnings are due Jan. 24.
The video embedded in the article reviewed CVX stock, Eli Lilly (LLY) and MercadoLibre (MELI).
Dow Jones Futures Today
Dow Jones futures fell 0.2% vs. fair value. S&P 500 futures dipped 0.25% and Nasdaq 100 futures declined 0.3%.
Crude oil prices rose slightly.
The Bank of Japan could signal the end of its long-term policy of keeping official rates and Japanese sovereign debt near 0%. In December, the BoJ effectively hiked, by letting the 10-year Japanese yield rise to 0.5%.
Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live
Stock Market Rally
The stock market rally had a mixed session Tuesday, generally showing modest intraday swings.
The Dow Jones Industrial Average slumped 1.1% in Tuesday’s stock market trading, but that was largely due to Goldman Sachs (GS) and Travelers (TRV) weighing on blue chips. The S&P 500 index dipped 0.2%, with Tesla stock and Morgan Stanley (MS) the top performers. The Nasdaq composite advanced 0.1%. The small-cap Russell 2000 edged down 0.1%.
U.S. crude oil prices edged up 0.4% to $80.18 a barrel, closing above $80 for the first time in two weeks. Crude futures hit $81.23 intraday.
The 10-year Treasury yield rose 2 basis points to 3.53%.
ETFs
Among growth ETFs, the Innovator IBD 50 ETF (FFTY) dipped 0.2%. The iShares Expanded Tech-Software Sector ETF (IGV) edged up 0.3%, with Microsoft stock a major holding. The VanEck Vectors Semiconductor ETF (SMH) climbed 0.6%.
Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) popped 2.9% and ARK Genomics ETF (ARKG) 1.8%, both extending gains from the 50-day line and moving toward their 200-day averages. TSLA stock remains a top holding across Ark Invest’s ETFs, with Cathie Wood adding a lot more shares in recent weeks.
SPDR S&P Metals & Mining ETF (XME) fell 1%. U.S. Global Jets ETF (JETS) edged up 0.4%, with UAL stock a big holding. SPDR S&P Homebuilders ETF (XHB) declined 0.8%. The Energy Select SPDR ETF (XLE) tilted up 0.2%, with CVX stock a major holding. The Financial Select SPDR ETF (XLF) retreated 0.7%. The Health Care Select Sector SPDR Fund (XLV) slipped 0.5%.
Five Best Chinese Stocks To Watch Now
Stocks In Buy Zones
Chevron climbed advanced 1.65% to 180.49, moving above the 50-day line and a short-term high of 180.23. CVX stock has a 189.78 flat-base buy point, according to MarketSmith analysis.
VRTX stock popped 3.7% to 311.58, rebounding above the 50-day line in above-average trade. That offers an early entry for Vertex, which has a 324.85 flat-base buy point. VRTX stock also has retaken a prior buy point of 306.05. The biotech hit a record 324.75 on Dec. 8, but then tumbled to the 200-day line by year-end. Vertex stock rebounded from there last week. Investors could wait to see if shares pause around the 50-day line.
TJX stock closed up 2 cents to 81.55, rebounding intraday from a test of an 81.29 flat-base buy point cleared on Jan. 6. Since then shares have been consolidating in the buy zone. The 5%-deep flat base is just above a long, 31%-deep cup consolidation.
Market Rally Analysis
The stock market rally had a relatively quiet session after last week’s big gains.
The S&P 500 briefly retook the 4,000 level and pulled back, but only holding above the 200-day.
The Russell 2000, which ran past its 50-day and 200-day lines last week, backed off after coming within 1% of its November highs.
The Nasdaq composite is holding above its 50-day line, with the December highs and 200-day line the big resistance areas on the horizon. A lot of Tuesday’s strength came from Tesla, chips and beaten-down cloud software names.
The Dow Jones fell solidly, largely on GS stock and Travelers. The blue-chip index is comfortably above its moving averages, with only its December highs to watch.
The market rally still looks healthy. A number of trends, including the Nasdaq advance-decline line and new highs vs. lows, have improved in the past several sessions.
A pause or modest pullback here would be normal or even healthy. The S&P 500 decisively breaking below the 200-day line, perhaps undercutting the 50-day, would be more worrisome. On the upside, the late 2022 highs are the next key level.
While Chevron, TJX and Vertex and a few other names are arguably actionable, there’s not a lot to buy right now. A few stocks that looked promising Tuesday morning, such as Monster Beverage (MNST), wilted by the close.
Many stocks already moved up over the past several sessions, such as Medpace (MEDP) and MercadoLibre. A pause would let many of these names form handles or shelves. Meanwhile, other stocks are coming into the picture.
Time The Market With IBD’s ETF Market Strategy
What To Do Now
Patience is important. With the market ready possibly pausing and not many stocks flashing buy signals, resist the temptation to buy extended stocks. If this uptrend works, you’ll have safer opportunities ahead. That include recently hot stocks if the form handles or touch support levels.
Definitely run your screens of leading stocks to find those that are showing promising action.
If the market offers more stocks flashing buying signals, you can exposure gradually over time. In addition to a variety of economic and Fed crosscurrents, earnings season is underway, with the upcoming two weeks likely the heaviest releases.
Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.
Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.
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CPI Inflation Rate Slides, But Service Still Rising; S&P 500 Rally Pauses
The CPI inflation rate fell faster than expected in December. However, core inflation, which strips out food and energy, only slowed in line with forecasts amid stubborn services inflation. The S&P 500 inched higher in late Thursday morning stock market action, oscillating between mild losses and gains after release of the consumer price index.
X
The CPI inflation rate eased to 6.5% from 7.1% the prior month vs. Wall Street expectations of 6.6%. The consumer price index was fell 0.1% on the month vs. the expected flat reading.
The core CPI rose 0.3% vs. November levels, as expected. The annual core inflation rate eased to 5.7% from 6%. The core CPI inflation rate peaked at a 40-year-high 6.6% in September.
Also on Thursday, the Labor Department also reported new claims for jobless benefits dipped 1,000 to 205,000 in the week through Jan. 7, suggesting that layoffs have yet to pick up in a broad way.
The Fed is likely to continue stepping down the pace of rate hikes to just a quarter-point with its next policy move on Feb. 1. Odds of just a 25-basis-point Fed rate hike jumped to 93% after the CPI, up from 77%.
The extent to which the Fed keeps hiking after that will depend less on the CPI than wage growth, which is key to the outlook for service-sector inflation. The good news for markets that sparked the latest S&P 500 rally attempt is that wage growth showed a surprising deceleration in December.
Goods Vs. Services Spending
Inflation in goods prices, excluding food and energy, has decelerated from double-digit increases earlier in the year. That progress continued in December. Core goods prices fell 0.3% on the month. That brought year-over-year inflation to 2.1% from 3.7% in November.
Inflation in nonenergy services prices, which affects 56% of consumer budgets, still hasn’t begun to subside. Core services prices rose 0.5% on the month and 7% from a year ago vs. 6.8% in November. However, that’s partly due to the way the Labor Department calculates housing inflation. While new rates for rental housing have been falling for months, it takes about a year for that to be fully reflected in renewed leases and the CPI.
Still, services prices excluding shelter rose 7.4% from a year ago. That includes energy services prices, which are up 15.6% from a year ago. Excluding energy and shelter, service prices are up about 6.2% from a year ago.
S&P 500 Reaction To CPI Report
The S&P 500 rose less than 0.1% around 10:55 a.m. ET, showing little direction. The Dow Jones Industrial Average gained 0.4%, while the Nasdaq composite dipped 0.1%.
Meanwhile, the 10-year Treasury yield slipped 2 basis points to 3.53%.
The latest S&P 500 rally off mid-October lows got another jolt of energy on Jan. 6, when unexpectedly tame wage inflation data raised hope that the Fed could wind down rate hikes before they crashed the economy.
The rally sparked by the jobs report has lifted the S&P 500 within 0.4% of its 200-day moving average. The past couple of rally attempts have faltered around that level, but this one might have some legs.
The S&P 500 finished 13.7% above its Oct. 13 bear-market intraday low on Wednesday, but remained 17.6% below its all-time closing high.
Be sure to read IBD’s The Big Picture every day to stay in sync with the market direction and what it means for your trading decisions.
CPI Inflation Report Details
Prices for used cars and trucks fell 2.5% on the month and are now 8.8% below year-ago levels. New vehicle prices were dipped 0.1% from November, while the annual price increase moderated to 5.9% from 7.2% the prior month.
Energy prices fell 4.5% on the month, while the annual increase moderated to 7.3% from 13.1% in November.
Prices for food climbed 0.3% on the month, as the annual increase slowed to 10.4% from 10.6%.
Rent of one’s primary resident and owner’s equivalent rent rose 8.3% and 7.5% from a year ago, respectively. Both rose 0.8% on the month.
Prices for transportation services rose 0.2% on the month and 14.6% from a year ago.
Medical services prices rose 0.1% on the month, after falling 0.7% and 0.6% the prior two months. That left the annual increase at 4.1%.
Fed’s Powell Shifts Focus From CPI To Wages
A further decline in the CPI inflation rate could allow the S&P 500 to keep moving higher, but it won’t be the catalyst.
Wage growth has become key to the Fed policy outlook, so investors celebrated after the December jobs report showed a sudden downshift in Q4. The average hourly wage rose 4.6% from a year ago, below 5% forecasts, kick-starting the current S&P 500 rally. Wage growth has now fallen to the lowest level since August 2021, sliding a full percentage point from the March peak.
With wages growing at an annualized 4% rate in Q4, wage growth appears to be receding to close to Fed Chair Jerome Powell’s target of 3.5%. Factoring in productivity growth of about 1.5%, wage growth of 3.5% could bring inflation close to in line with the Fed’s 2% goal.
The most important inflation rate going forward is personal consumption expenditures (PCE) services minus energy and housing, Powell says. Core goods-price inflation is waning and the same is likely for housing inflation in 2023, given the stalling of market rents. But inflation in nonenergy services, excluding housing, is likely to stay elevated as long as wage growth remains hot.
Housing accounts for over 30% of the CPI and 40% of the core CPI, but it only makes up 15% of the broader PCE basket.
Health care spending in the CPI excludes the bulk of outlays: spending covered by employers and government programs. Further, the recent declines in medical services prices in the CPI reflects stale data on insurer profits. By contrast, PCE health care services inflation is on the rise amid higher labor costs. Also, food consumed at restaurants, which continues to see high inflation, is excluded from the core CPI but is grouped among core PCE services.
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