The Pacific Maritime Association announced that the Port of Seattle shut down due to the International Longshore and Warehouse Union (ILWU) refusing to dispatch labor to work at the container terminals. This is part of the ongoing labor strife on the US West Coast, which has seen continuous worker slowdowns and stoppages all week, causing
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General Motors (GM) has announced that it will save up to $400 million of its planned investment in building out electric vehicle (EV) charging infrastructure in the US and Canada after striking a deal with Tesla. The car manufacturer had planned to spend $750 million on this infrastructure, which would include home, workplace and public
During a meeting with employees at Meta’s Menlo Park headquarters, CEO Mark Zuckerberg emphasized the company’s investments in the field of artificial intelligence (AI). The event, which took place in the Hacker Square pavilion, was the first such gathering since before the Covid pandemic. While Facebook has long touted its investments in AI, it has
The CEOs of Meta and Apple, Mark Zuckerberg and Tim Cook, respectively, have been at odds over internet privacy and digital advertising for years. However, with Apple’s announcement of the Vision Pro, a long-awaited mixed reality headset, the two companies are now direct competitors. Both Zuckerberg and Cook view the next era of personal computing
Apple announced on Monday that it is collaborating with Unity, a game development software maker, for the release of its Apple Vision Pro headset. The news caused Unity’s shares to surge by as much as 26%, and trading was halted. This marks the second-largest daily gain for Unity since its New York Stock Exchange debut
Google has announced an update for its email service, Gmail, that will make email searching much easier. The company will use artificial intelligence (AI) to analyze search terms, recent emails, and other relevant factors to determine the best match for the query. New Feature Over the next 15 days, Gmail users will begin to see
The Centers for Medicare & Medicaid Services (CMS) announced that Medicare Part B will cover treatments for Alzheimer’s disease that receive approval from the US Food and Drug Administration (FDA). The policy will provide coverage for new antibody treatments such as Leqembi, which slows cognitive decline, for patients who meet the eligibility criteria. Medicare Part
Meta, the parent company of Facebook, has recently announced a new remote-work policy that requires employees to work from the company’s offices three days a week starting in September. The updated policy will not affect existing workers who primarily work remotely. The company has started notifying employees about the new remote-work policy. A Meta spokesperson
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
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