In a recent interview with “60 Minutes,” Jerome Powell, Chair of the Federal Reserve, emphasized that the central bank would proceed with caution when it comes to interest rate cuts this year. Contrary to market expectations, Powell suggested that the pace of rate cuts would be considerably slower. This cautious stance stems from Powell’s confidence
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In recent news, National Security Adviser Jake Sullivan has announced that the United States will be conducting further military action against Iran-backed groups. This decision comes amidst escalating tensions in the Middle East, despite Sullivan’s insistence that the US is not seeking a wider conflict in the region. The purpose of this article is to
Technology companies are experiencing a shift in their approach as they mature in the industry. Instead of prioritizing growth and innovation at all costs, they are now focusing on doing more with less. Companies like Meta and Amazon have recently reported their fourth-quarter earnings, surpassing revenue expectations. However, what truly caught the attention of investors
Tesla, the renowned electric vehicle manufacturer, has agreed to pay a fee of $1.5 million to settle a civil lawsuit concerning the mishandling of hazardous waste materials at its facilities in California. Despite the substantial settlement amount, it is worth noting that this figure is relatively insignificant for Tesla, considering the company’s reported net income
In a move that has sparked both support and opposition, the House voted on Wednesday night to pass a $78 billion tax package. The bill, which includes an expansion of the child tax credit, will now make its way to the Senate. However, the future of the legislation remains uncertain. The bipartisan measure received overwhelming
In a major development that has sent shockwaves through the business world, a Delaware judge recently invalidated the $56 billion compensation package of Tesla CEO Elon Musk. This ruling came as a result of a lawsuit filed by a shareholder, Richard Tornetta, who alleged that the board of directors failed to demonstrate the fairness of
PayPal, the global online payment company, has recently announced plans to reduce its global workforce by 9%, comprising approximately 2,500 jobs. This decision, revealed in an internal letter written by CEO Alex Chriss, emphasizes the need for increased focus and efficiency within the company. These job cuts will affect both existing roles and anticipated hiring
OpenAI recently announced a partnership with Common Sense Media, a nonprofit organization focused on making technology safe and accessible to children. The collaboration aims to develop guidelines and educational materials that promote the responsible and safe use of artificial intelligence (AI) among teens. This initiative reflects the growing concern about the potential risks and benefits
Social media users were taken aback on Saturday when they discovered that they could no longer search for Taylor Swift’s name on X, a popular social media platform. This sudden restriction came after nonconsensual sexually explicit deepfake images of the pop star had gone viral. Whenever users attempted to search for Taylor Swift on X,
The Department of Justice (DOJ) has unveiled its findings regarding former New York Governor Andrew Cuomo, concluding that he subjected at least 13 women to a “sexually hostile work environment” during his time in office. The investigation, launched in August 2021 following mounting sexual harassment allegations, shed light on Cuomo’s repeated instances of unwelcome sexual