Over the weekend, President Joe Biden and House Republicans struck a bipartisan debt limit bill that would expedite the approval of all permits for the Mountain Valley Pipeline, a West Virginia natural gas pipeline. The pipeline would transport natural gas 303 miles from West Virginia to the Southeast, with part of it crossing through the
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Tech investors are showing more interest in artificial intelligence (AI) technology. The Nasdaq Composite has gained 2.5% in the past five days, marking its fifth-straight weekly gain, and is now up 24% for the year. The S&P 500 is up 9.5% for the year, while the Dow Jones Industrial Average is slightly down. This week’s
Sarah Rhoads, who was responsible for Amazon’s air cargo business, has been shifted to oversee the e-retailer’s workplace health and safety division. John Felton, Amazon’s head of worldwide operations, announced this in a memo to staffers on Thursday. Rhoads will also oversee Amazon’s global operations learning and development unit. Rhoads’ Background and Success Felton wrote
The Supreme Court is yet to announce its verdict on the Biden administration’s sweeping student loan forgiveness plan, but the Department of Education has warned borrowers to prepare for their bills to resume 60 days after the announcement, which is expected to be by the end of August. Higher education expert Mark Kantrowitz predicts that
According to Bank of America strategist Savita Subramanian, the first-half rally for stocks in 2023 is supported by fundamentals and still has upside remaining. In a note to clients on Sunday, Subramanian hiked her year-end price target for the S&P 500 to 4,300 from 4,000. This new target is around 2.6% higher than the index’s
Neeva, a privacy-focused search company founded by former Google executive Sridhar Ramaswamy, has announced that it will be shutting down its consumer search engine and instead focusing on exploring use cases for artificial intelligence. Reasons for Shutdown In a blog post on the company’s website, Ramaswamy and Vivek Raghunathan, another Neeva co-founder, wrote that acquiring
Elon Musk and his parent company of social media platform Twitter, X Corp, are facing an investigation over building code violations at Twitter’s San Francisco headquarters on Market Street. This information was recently revealed through online public records with the county’s Department of Building Inspection. The investigation follows a lawsuit filed by six former Twitter
Florida Gov. Ron DeSantis is asking for the federal judge overseeing Disney’s political retaliation lawsuit to be disqualified. According to DeSantis’ lawyers, Judge Mark Walker’s comments in previous cases raise doubts about his impartiality. In two separate cases, Walker offered “Disney” as an example of state retaliation without being prompted. DeSantis’ legal team argues that
At a hearing on AI oversight earlier this week, OpenAI CEO Sam Altman was welcomed with a warm tone by lawmakers, who even asked him if he would be qualified to administer rules regulating the industry. However, this welcome has raised concerns among some AI experts who were not in attendance, who caution that lawmakers’
Twitter’s most active users, defined as the top 20% by tweet volume, have posted less on the platform since Elon Musk’s acquisition late last year, according to a survey from Pew Research Center. The survey’s authors noted a “noticeable posting decline” of around 25% per month following Musk’s takeover. The decline in posting by power