Newsletter Sep 28, 2022

3 things you must know

Millions evacuate as Hurricane Ian takes aim at Florida
Residents of Florida's Gulf Coast on Tuesday headed for higher ground as Hurricane Ian drew near, threatened to bring a deadly storm surge and more than a foot of rain to some areas. Before heading to Florida, Hurricane Ian slammed into Cuba, cutting power to hundreds of thousands of people and swamping fishing villages. Some 2.5 million Floridians are under evacuation orders or warnings with the sprawling storm on track to make landfall as a Category 3 hurricane (129 mph winds) on Wednesday evening.
SEE THE LATEST FORECAST TRACK OF HURRICANE IAN

Why the Federal Reserve may be misreading inflation again
In the last year, the Federal Reserve has faced criticism for a strategic mistake: it failed to raise interest rates early enough as inflation soared to a 40-year high. Now the Fed is raising rates aggressively, bringing the federal funds rate to 3.25%, up from 0.25% a year ago, and potentially pushing the U.S. economy into a recession. After failing to act swiftly to slow inflation, some experts think that the Fed is committing another strategic mistake.
SEE WHAT ANALYSTS ARE SAYING ABOUT THE FED'S PLAN

Intel introduces new generation microchip in comeback bid
Intel, the tech company that makes semiconductor chips, unveiled its 13th-generation chips on Tuesday at its annual Innovation event as it tries to compete with companies like Nvidia and AMD. The company's latest product, the IntelArc A770 GPU, is being marketed as a high-end PC graphics card, comes and comes at a relatively affordable price of $329 when it hits the market Oct. 12.
WHY INTEL THINKS THE NEW CHIP WILL BE A SUCCESS

Markets

DJIA	29,134.99	-0.43%
S&P 500	3,647.29	-0.21%
Nasdaq Composite	10,829.50	0.25%
Japan: Nikkei 225	26,488.68	-0.31%
UK: FTSE 100	6,984.59	-0.52%
Crude Oil Futures	78.56	0.08%
Gold Futures	1,635.00	-0.07%
Yen	144.75	-0.04%
Euro	0.96	-0.19%
* As of market close

Twitter tells judge Musk's claims unproven

Elon Musk's review of Twitter accounts by his advisers did not back up the billionaire's allegation that the number of fake users was "wildly higher" than 5% as he claimed when he said he was ending the Twitter takeover deal in July, a Twitter lawyer told a judge Tuesday. Documents obtained from two data scientists employed by Musk showed they estimated in early July that the number of fake accounts on the platform at 5.3% and 11%, the Twitter lawyer told a Delaware judge.

WILL THE CASE BE SETTLED BEFORE THE OCT. 17 TRIAL DATE?

McConnell supports electoral reform bill

U.S. Senate Republican leader Mitch McConnell on Tuesday voiced qualified support for a Senate bill to clarify Congress' role in certifying presidential election results, calling it the only chance to prevent any future chaos like the Jan. 6, 2021, Capitol assault. The bill would clarify the vice president's role as purely ceremonial and would require one-fifth of the House and the Senate to challenge a state's results. Current law allows objections to proceed with just one member each chamber.

REPUBLICANS ARE DIVIDED OVER BILL AIMED AT TRUMPERS

Google Maps lets users take virtual tours

Google recently announced a new feature called "Immersive View" that allows users to view 360-degree panoramic images in a virtual reality headset. Combining billions of photos, the app will be able to create 3D models of buildings and even trees using machine learning. With this new feature, users will be able to explore panoramic images in a completely immersive way, as if they are already in a city in person.

FIND OUT WHEN AND HOW TO TAKE AN 'IMMERSIVE VIEW' TOUR

Family business

Owned by two brothers, what company originally developed the program that became Google Maps? What year did the program launch?

Tuesday's answer: Former presidential candidate Ralph Nader's 1965 book "Unsafe At Any Speed" led to numerous auto safety advances.