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Dow drops 245 points as Fed minutes spooks Wall Street
Crypto Trends

Dow drops 245 points as Fed minutes spooks Wall Street

by admin May 28, 2025



U.S. stocks closed lower on Wednesday after the Federal Reserve released the minutes from its May policy meeting.

The Dow Jones Industrial Average lost 0.58%, or 245 points, while the S&P 500 and Nasdaq Composite indices fell 0.56% and 0.51%, respectively. The central bank’s minutes indicated a cautious approach to monetary policy and warned of “difficult tradeoffs” ahead if inflation persists.

“Participants agreed that uncertainty about the economic outlook had increased further, making it appropriate to take a cautious approach until the net economic effects of the array of changes to government policies become clearer,” a CNBC transcript of the minutes read. “Participants noted that the Committee might face difficult tradeoffs if inflation proves to be more persistent while the outlooks for growth and employment weaken.”

In trade talks, U.S. President Donald Trump pushed back against a Financial Times columnist who coined the term “TACO trade,” or Trump Always Chickens Out, a reference to the President’s tendency to delay tariff implementations. Trump said his tactics are part of a negotiation strategy and that trading partners like the European Union are eager to reach deals.

Meanwhile, strong earnings from key retailers signaled that consumer spending remains robust. Shares of Abercrombie & Fitch Co. gained 14% after the company reported strong first-quarter results and guided for full-year net sales growth of 3% to 6%. On the other hand, shares of HP plunged 15% after missing earnings expectations and issuing a disappointing outlook due to “added costs” from tariffs.

Nvidia shares moved higher in extended trading after posting a top- and bottom-line beat. The company reported EPS of 96 cents on revenue of $44.06 billion, topping estimates of 93 cents per share and $43.31 billion. Data center revenue grew 73% year-over-year, though the company missed out on $2.5 billion in sales due to export restrictions on chips bound for China. The gross margin for the quarter was 61%, which would have been 71.3% without the new China-related charges.



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May 28, 2025 0 comments
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CDPR releases 37 minutes of Cyberpunk 2077 Switch 2 video - so what have we learned?
Game Reviews

CDPR releases 37 minutes of Cyberpunk 2077 Switch 2 video – so what have we learned?

by admin May 26, 2025



Developer CD Projekt RED has uploaded a generous batch of Switch 2 Cyberpunk 2077 footage week – 37 minutes of direct 4K capture to be exact – giving us an early glimpse at the state of its docked 30fps quality mode. Since it releases on 5th June as a Switch 2 launch title, we don’t really have too long to wait to see the real thing in action, though given that this footage comes with no “early build” disclaimer or suchlike it appears CDPR is confident in what it’s showing in this material – and for good reason. Poring over all the assets, we have plenty to work with for some preliminary comparisons and even frame-rate analysis. In short, the prospects for this Switch 2 rendition are encouraging overall.


In terms of content, CDPR is showing all manner of gameplay: driving, combat, major mission set pieces – you name it, it’s included. Some clips even reveal, quite openly, the challenges Switch 2 faces in running such a complex open world game – notably for high speed car action. To its credit, frame-rate delivery at 30 frames per second is strong based on this footage overall, with drops into the 20-30fps range mainly being a problem while speeding through Night City’s streets. Especially at points where multiple AI cars clog up its roads, it appears drops and traversal hitches are possible, something we’re keen to re-test on its release. It’s a positive showing overall, though: on-foot exploration around its markets, the bustling parade sequence teeming with NPCs, and even combat during the Phantom Liberty DLC all run at a perfect 30fps here.


In performance terms, this showing is perhaps best put in the context of what’s currently possible on last-gen consoles, and also Series S. In re-testing the base PS4 version today for example, it’s sobering to find that open world roaming there still plays out with hitching, geometry pop-in and drops to 20-30fps – certainly more than is evident in this Switch 2 footage. Going hands-on with the final build ourselves is a must for any final word on this, but early signs point to fewer glaring issues in traversal and battle.

Sit back, relax and enjoy another massive episode of DF Direct Weekly.Watch on YouTube

  • 0:00:00 Introduction
  • 0:00:39 News 1: 37 minutes of Cyberpunk 2077 Switch 2 footage released!
  • 0:18:51 News 2: AMD introduces 9060 XT
  • 0:31:43 News 3: AMD teases “FSR Redstone”
  • 0:44:15 News 4: Doom has hidden performance metrics on Xbox
  • 0:53:38 News 5: Mario Kart World originally planned for Switch 1
  • 1:02:49 News 6: Hellblade 2 coming to PS5
  • 1:11:29 Supporter Q1: What do you make of the Nvidia/Gamers Nexus controversy?
  • 1:19:41 Supporter Q2: If Microsoft is working on an Xbox emulator for Windows, does that signal the end for traditional Xbox consoles?
  • 1:28:56 Supporter Q3: Should Nintendo release a non-portable, home-only Switch 2?
  • 1:35:32 Supporter Q4: Could Switch 2 become a dumping ground for last-gen games?
  • 1:40:29 Supporter Q5: What are your hopes and concerns for Switch 2?

On the other hand, Xbox Series S’ performance level – in its own 30fps quality mode – is a more aspirational target for Switch 2. We described this version as ‘what last-gen should have been’ in our original review, thanks to it boasting a broadly rock-solid 30fps experience, and it even went on to receive a 60fps mode post-release. A question mark hovers over the viability of Switch 2’s own 40fps performance mode though, where we have no recent assets. More to come on this when we get the game ourselves.


In terms of comparisons, image quality is a plus point for Switch 2 when compared to the older PS4 release, and even Series S. Much of this boils down to Nvidia’s DLSS upscaling technology being available to Switch 2’s Tegra 239 processor. CDPR has already confirmed the use of DLSS to hit a 1080p target in docked play in this case (and a 720p target in handheld mode). However, the actual native pixel counts are typically lower than 1080p – with dynamic scaling taking us to 1280×720 at its nadir during the most extreme 20fps drop on record here while driving. More typically though, numbers like 792p, 810p and 864p crop up at less taxing points in the footage, which is a high enough base pixel count for DLSS to (usually) work its magic and reconstruct a 1080p frame.


For perspective, Series S’ quality mode renders at a 1296p-1440p range using AMD’s FSR 2 as its upscaler (as of a late 2022 patch 1.61, following an upgrade from TAA). Meanwhile, base PS4 continues to run at a 720p-900p range using CDPR’s own in-house temporal AA solution. In both cases Switch 2 has an advantage in temporal stability, at least. Even though it runs at a lower pixel count than Series S, DLSS more adeptly cleans up the game’s visual noise in certain scenarios compared to FSR 2. Shimmer is minimised across the dampened floors of the market area, while during static moments, fences and character detail up-close resolve with added sharpness via Switch 2’s upscaler.


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On the downside, for all its benefits, DLSS does not always hide its lower base pixel input. Driving at speed reveals blocking artefacts on Switch 2, while a later Johnny Silverhand dialogue sequence shows similar break-up around two background NPCs playing basketball. There are some limits on show, then, but it’s a respectably competitive result next to Series S all things considered. In fact, it’s similar to what we found with Street Fighter 6 comparisons between these two consoles, where Switch 2 pushes a sharper, less visibly noisy frame via DLSS – and despite Capcom’s fightert running at a lower native res in that case.


Focusing on visual quality, it’s a surprise to find Switch 2 is on par with both PS4 and Series S in a great many of its core settings. Paired side-by-side with each, there is scarce evidence of any differences in recreated shots: texture quality is a match, SSR is enabled across the floors, and motion blur is engaged too. There is a difference in ambient occlusion (resulting in thicker pockets of object shading on Switch 2) that needs further investigation – and it’s clear that Switch 2 also loses the lens flare effect of the Series S release. That aside, the variance in time of day and NPC placement account for a majority of the differences in the open city – whereas in confined interiors that are perfectly matched, the main difference is again DLSS’ impact on image quality.


It’s a positive peak at CDPR’s optimisation efforts so far and it appears to be an improvement on the build I played at Nintendo’s Switch 2 event in London last month. We’re just ten days away from what’s undeniably one of the most technically challenging third party games on Switch 2, and it’s certainly a big one for coverage plans at Digital Foundry. In fact as I type this, there’s an ongoing effort to bank as much Cyberpunk 2077 footage on other platforms for comparison. Roll on June 5th!



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May 26, 2025 0 comments
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Freedom of the Press Foundation Threatens Legal Action if Paramount Settles With Trump Over '60 Minutes' Interview
Product Reviews

Freedom of the Press Foundation Threatens Legal Action if Paramount Settles With Trump Over ’60 Minutes’ Interview

by admin May 24, 2025


Media advocacy group Freedom of the Press Foundation has sent a warning letter to Paramount mogul Shari Redstone, outlining plans to file a lawsuit if the media company settles a suit brought by President Donald Trump against its subsidiary, CBS.

“Corporations that own news outlets should not be in the business of settling baseless lawsuits that clearly violate the First Amendment,” Freedom of the Press Foundation director of advocacy Seth Stern said in a statement.

Stern issued the warning by asking for a litigation hold on Friday afternoon, demanding that Paramount preserve any documents relating to a potential Trump deal and urging the company not to settle. The nonprofit is able to seek damages because it owns shares of Paramount. It plans to act on behalf of itself and other shareholders, alleging that the settlement would amount to the company’s executives “breaching their fiduciary duties and wasting corporate assets by engaging in conduct that US senators and others believe could amount to unlawful bribery that falls outside the scope of the business judgment rule.” The White House and Paramount did not immediately respond to requests for comment.

Last October, President Trump sued Paramount subsidiaries CBS Broadcasting and CBS Interactive, alleging that an interview with former Vice President Kamala Harris that aired on longstanding CBS News program 60 Minutes was deceptively edited, in a manner that constituted election interference. Initially seeking $10 billion in damages, Trump amended the lawsuit in February to ask for $20 billion. Paramount Global has a market cap of roughly $8.5 billion.

Although Paramount previously called the lawsuit “an affront to the First Amendment” in legal filings to dismiss this March, it has reportedly sought to settle; the company has a potentially lucrative merger pending with Hollywood studio Skydance that would require the Trump administration’s signoff.

Last week, Democratic senators Elizabeth Warren, Bernie Sanders, and Ron Wyden sent a letter to Redstone seeking information about any potential settlement, raising concerns that it would amount to bribery. “If Paramount officials make these concessions in a quid pro quo arrangement to influence President Trump or other Administration officials,” they wrote, “they may be breaking the law.”

Talks of a potential settlement had roiled CBS for months. Longtime 60 Minutes executive producer Bill Owens abruptly resigned in April, and CBS News president and CEO Wendy McMahon resigned earlier this month. “It’s become clear the company and I do not agree on a path forward,” she wrote in a memo to staff at the time.

Trump’s lawsuit against Paramount isn’t an isolated attack on the media. He sued ABC News, owned by the Walt Disney Company, for defamation in March 2024 over comments from anchor George Stephanopoulos portraying the president as “liable for rape.” (A federal jury found President Trump liable for sexual assault in a 2023 civil case, but not rape.) The company settled the case in December. In late April, Trump posted comments on his social platform Truth Social that appeared to threaten The New York Times with the possibility of legal action in the future.



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May 24, 2025 0 comments
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