Hello, It’s a “Party in the USA” and around the world, thanks to US Fed rate cuts. The Dalal Street and Wall Street rejoiced on Thursday after the US Federal Reserve kicked off its monetary easing cycle with a large half-percentage point rate reduction. The Nifty 50 index gained 0.15% to 25,415.8, while the S&P BSE Sensex added 0.29% to 83,184.8. Meanwhile, the Dow Jones Industrial Average jumped 500 points, or 1.2%. CNBC reported that the S&P 500 climbed 1.7%, and the Nasdaq Composite surged 2.7%. Here’s what this rate cut could mean for you. Elsewhere, Alibaba has entered the AI game. The Chinese company released over 100 open-source AI models, known as Qwen 2.5, designed for use in applications and sectors ranging from automobiles to gaming and science research. Moving on, let’s talk about our work cultures. It’s the pawn that’s sacrificed first on the chessboard. Expecting a safe, healthy working environment is the bare minimum a corporate employee expects, but deadlines and workloads leave them any quarter to breathe. This is especially true for junior employees. Considering this, JP Morgan has created an international role to oversee the “well-being and success” of junior bankers. ICYMI: Which is better: WFH or from the office? Lastly, TechSparks 2024 is just A WEEK away! Did you buy your tickets yet? In today’s newsletter, we will talk about - TeamLease EdTech bridging skills gap
- The fight against homelessness
Here’s your trivia for today: In which country is it illegal to own just one guinea pig?
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