Google laying off hundreds in global recruiting team

Google, $GOOGL, is laying off hundreds of people across its global recruiting team as hiring at the tech giant continues to slow, per Semafor. The company laid off 12,000 employees in January.  The latest round of cuts affects only recruiters but includes hundreds of full-time positions at the company.

Biden has said that global warming topping 1.5 degrees in the next 10 to 20 years is scarier than nuclear war

Biden has said that global warming topping 1.5 degrees in the next 10 to 20 years is scarier than nuclear war, per CNBC. “That’d be real trouble. There’s no way back from that,” Biden said, according to a White House transcript of the press conference. “The only

Senator Mike Crapo asked SEC Chair Gary Gensler about $MMTLP

Senator Mike Crapo asked SEC Chair Gary Gensler about $MMTLP. He asked about why the stock couldn't be sold. He said, "I don't think we had a full response." It was halted from December 2022. Gary Gensler said the SEC and FINRA are different,

Binance US CEO has left the company, and 1/3 of its staff have been cut

Brian Shroder, the Chief Executive Officer of Binance.US, has departed from the cryptocurrency trading platform, and an interim replacement, Chief Legal Officer Norman Reed, has assumed the role, as confirmed by a spokesperson from the company. This leadership change occurs amidst significant workforce reductions at the company, which is

Corporate defaults are at their highest level since 2009

Corporate defaults are at their highest level since 2009, per S&P Global reatings. In a recent report, S&P Global Ratings revealed that corporate defaults reached a total of 16 in August, marking the highest level since 2009. S&P's findings indicate that distressed

NYPD overtime to be cut to help pay for migrant crisis

NYPD overtime to be cut to help pay for migrant crisis, per NYP. Jacques Jiha, the budget director under Mayor Eric Adams, has instructed the city's four uniformed agencies, which encompass the police, fire, sanitation, and corrections departments, to develop strategies for reducing their overtime (OT) expenses. Jiha

France orders Apple, $AAPL, iPhone 12 sales halted over radiation

France orders Apple, $AAPL, iPhone 12 sales halted over radiation. France's radiation watchdog ANFR notified Apple of its decision to ban iPhone 12 sales after it had carried out tests which showed the smartphone's Specific Absorption Rate (SAR) was slightly higher than legally allowed, Jean-Noel Barrot

The US now has more imports from Mexico than China, for the first time since 2003

The US now has more imports from Mexico than China, for the first time since 2003. This reversal of a longstanding trend occurs in the context of heightened economic tensions between the United States and China, coinciding with an escalation of geopolitical conflicts. Amid these rising tensions, American companies have

UK’s house prices are falling at the fastest pace since 2009

UK’s house prices are falling at the fastest pace since 2009, per Bloomberg. Nationwide Building Society said the average cost of a home fell 5.3% in August from its peak in the year ago, the fastest pace since July 2009. Values of homes were at £259,153 ($328,

New York City is facing a level of homelessness not seen since the Great Depression in the 1930s

Per Reuters: New York City is facing a level of homelessness - not seen since the Great Depression in the 1930s. That’s according to the Coalition for the Homeless, a not-for-profit. As of mid-August, there were more than 110,000 people sleeping in the city’s shelter system each

Elon Musk has said: Bill Gates placed a massive bet on Tesla, $TSLA dying … such a big short position also drives the stock down for everyday investors

Elon Musk has said: Bill Gates placed a massive bet on Tesla, $TSLA dying … such a big short position also drives the stock down for everyday investors. To the best of my knowledge, Gates *still* has that massive bet against Tesla on the table. Elon Musk previously noted that he

The Fed is done raising interest rates and will likely cut them by roughly one percentage point next year, according to economists

Leading economists at some of the largest North American banks are predicting that the Federal Reserve's interest rate hikes have come to an end, and there's a likelihood of a roughly one percentage point reduction in rates next year. Although the United States is expected to

California fast food workers to get $20 minimum wage under new deal between labor and the industry

California fast food workers to get $20 minimum wage under new deal between labor and the industry. A new bill introduced in the California Legislature aims to resolve a longstanding wage and working conditions dispute between labor unions and the fast-food industry, potentially ensuring that most fast food workers in

FBI and White House likely coerced social media platforms into removing posts, an appeals court has ruled

FBI and White House likely coerced social media platforms into removing posts, an appeals court has ruled. On Friday, a federal appeals court rendered a ruling that refined the extent of a district court judgment. The initial judgment had imposed limitations on communications between government entities and social media companies

Nine in ten graduates said learning a skilled trade can create a better pathway to financial security than going to college

Nine in ten graduates said learning a skilled trade can create a better pathway to financial security than going to college Per Bloomberg: Almost half of respondents in the poll of 1,000 young adults say they’d be interested in pursuing a career in the trades, citing cheaper, shorter

The typical worker takes home $3,308 per month after taxes and benefits

The typical worker takes home $3,308 per month after taxes and benefits, per US Bureau of Labor and Statistics. Meanwhile, Americans need an average post-tax income of $68,499 to live comfortably in the U.S, per CNBC. Recently it was found during tax season in the US, residents

Google, $GOOGL, and Microsoft, $MSFT, are supercharging AI deepfake porn

Google, $GOOGL, and Microsoft, $MSFT, are supercharging AI deepfake porn, per Bloomberg. Per Bloomberg: "During the recent AI boom, the creation of nonconsensual pornographic deepfakes has surged, with the number of videos increasing ninefold since 2019, according to research from independent analyst Genevieve Oh. Nearly 150,000 videos, which

Social Security's combined funds are due to run out in 2034

Social Security's combined funds are due to run out in 2034, per CNBC. Americans could see promised Social Security benefits cut by 27% in just 10 years, per Bloomberg. Reuters reported on March 31 that according to reports from the trustees of the programs, the main trust fund

The IRS is launching an initiative to crack down on 1,600 millionaires and 75 large businesses including hedge funds that it says owe hundreds of millions of dollars in back taxes

The IRS is launching an initiative to crack down on 1,600 millionaires and 75 large businesses including hedge funds that it says owe hundreds of millions of dollars in back taxes. IRS Commissioner Daniel Werfel said that with a boost in federal funding and the help of artificial intelligence

ChatGPT traffic has decreased again for third month in a row

ChatGPT traffic has decreased again for third month in a row, per Reuters. In August, OpenAI's ChatGPT, the highly popular AI chatbot launched in November, saw its monthly website visits decline for the third consecutive month, although there are indications that this decline may be stabilizing, as reported

More than 60,000 realtors have exited the sector over the last six months

More than 60,000 realtors have exited the sector over the last six months, per Reventure Consulting. The number of realtors reached an all-time high of 1.6 million in the US in October, per BI. Additionally, there are now two real-estate agents for every home for sale, per BI.

The Mortgage Bankers Association index of home-purchase applications decreased 2.1% to 141.9, the lowest level since April 1995

The Mortgage Bankers Association index of home-purchase applications decreased 2.1% to 141.9, the lowest level since April 1995, per  Bloomberg. US existing home sales fell 17% over the last year, the 23rd consecutive year-over-year decline, per Charlie Bilello. That's the longest down streak since 2007-2009. The

China is no longer set to eclipse the US as the world’s biggest economy soon

China is no longer set to eclipse the US as the world’s biggest economy soon, and Bloomberg expects this to happen briefly until mid-2040s, and then fall back behind the US, per Bloomberg. Recently, China has taken steps to boost investor confidence in its economy, including cutting a tax

US home prices are set to increase more than 6% in the next year, per Zillow

US home prices are set to increase more than 6% in the next year, per Zillow. US existing home sales fell 17% over the last year, the 23rd consecutive year-over-year decline, per Charlie Bilello. That's the longest down streak since 2007-2009. The median sales price of a home

It would take some combination of up to a 28% decline in home prices, a more than 4% reduction in 30-year mortgage rates, or up to a 60% growth in median household incomes to bring home affordability back to its 25-year average

It would take some combination of up to a 28% decline in home prices, a more than 4% reduction in 30-year mortgage rates, or up to a 60% growth in median household incomes to bring home affordability back to its 25-year average, per Black Knight. The average American buyer faces