cnbc

CNBC survey finds 41% of CFOs believe AI would destroy more jobs than it creates

Per CNBC The CNBC CFO Council's latest quarterly survey assessed what CFOs thought of AI and its effect on jobs. The study revealed that they believe that artificial intelligence would create fewer jobs than it would destroy. It was noted that only 18% of participants thought that AI

europe

Europe prices drop below zero with excess supply and a surge in solar energy

Per Bloomberg The price of power in Europe has dropped below zero amid a surge in solar power. This comes as solar power-produced energy overwhelms the grid. To cut fossil fuel demand, Europe has been building more cheap solar farms, which resulted in negative intraday prices in the power

us

US, UK lawmakers press HSBC CEO over HK expats being denied access to their retirement funds

Per Reuters HSBC allegedly blocked access for Hong Kong expats to their own retirement funds. This resulted in lawmakers in the US and Britain putting pressure on the bank, which was already the subject of criticism for its alleged actions. The pressure comes from the chair of US Congress, Mike

twitter

Twitter sued over allegedly ducking around 900 ex-worker arbitration cases since Elon Musk's acquisition

Per Reuters One major thing that Elon Musk did almost immediately after acquiring Twitter was to lay off massive numbers of employees. Now, the company is being sued for "allegedly refusing to process" arbitration cases from ex-workers. It was reported that there were 891 of these cases

may

May saw record low US home sales than any other month

Per Redfin US home sales saw a record low in May compared to other months, falling 7.1% year-over-year to 1.4 million units. This number was on a seasonally adjusted basis, which was the lowest since 2012. The decline was also recorded as the first annual decline

uae

UAE plans to reach net zero emissions by 2050 with $54 billion investment into renewables over the next seven years

Per CTV News The United Arab Emirates is planning to reach net zero emissions by 2050. In order to do this, they are planning to invest $54 billion into renewables like low-emission hydrogen fuel and EV development infrastructure over the next seven years. The news came from Dubai'

harvard university

Harvard University sued by groups over preferential treatment for alumni children and wealthy donors violating Civil Rights Act

Per Bloomberg Law Harvard is being used by multiple groups over how it gave preferential treatment to alumni's children and big-money donors. The groups argue that this decreases application accessibility likely for "people of color.:" This has resulted in Justin Neil Gorsuch approaching the Supreme

Kyiv says the Russians have placed explosives today on top of reactors three and four of Zaporizhzhia nuclear plant, whereas Russia Telegram channels report an imminent “Ukrainian attack"

Volodymyr Zelenskyy has alerted Emmanuel Macron to the presence of "dangerous Russian provocations" at the Zaporizhzhia nuclear power plant. The Ukrainian president took to Twitter to inform his French counterpart that occupation troops are preparing such provocations at the mentioned facility. Zelenskyy emphasized the need for maximum control

Secret Service investigating suspected cocaine found in White House

A substance discovered in the White House complex caused a temporary shutdown of the facility on Sunday evening. According to two law enforcement officials and a recording of a radio dispatch, the substance tested positive for cocaine soon after its discovery. It was found in a common area of the

BREAKING: A judge has limited the Biden administration from contacting social media sites regarding misinformation

On Tuesday, a federal court in Louisiana issued a ruling that restricts parts of the Biden administration from engaging with social media platforms regarding a wide range of online content. This decision has the potential to hinder efforts to combat false and misleading narratives related to the coronavirus pandemic and

biden administration

Biden administration is preparing to restrict US cloud-computing services access to Chinese companies

Per Reuters The Biden administration is planning to restrict access to US cloud-computing services for Chinese companies. This likely includes access to providers like Amazon and Microsoft's cloud services. This was according to people familiar with the situation, who noted that should the rule be enforced, it

META

Meta to launch Twitter competitor app 'Instagram Threads' on July 6 per App Store metadata

Per The Verge Meta has previously said that they plan to launch an app that would compete with Twitter and now, it seems like their plans are coming closer to reality. This comes as App Store metadata reveals the company's upcoming Instagram Threads. App Store metadata reveals that

twitter

Twitter TweetDeck to become exclusive for verified users

Per CNN Twitter will be locking its TweetDeck feature behind a paywall as only verified users will have access to this tool. In just a month, the new change will go live. The TweetDeck can be a useful tool for users to monitor the different accounts that they follow. It

india

India refiners pays Chinese yuan for Russian oil imports amid sanctions

Per Reuters Because of the sanctions around the US dollar, Moscow and other countries are looking for alternatives to the America's currency to settle payments. This has opened the door for the use of the Chinese yuan. Indian refiners are now paying for their Russian oil imports in

us state department

US State Department warns against traveling to China

Per CNN The US State Department has issued a warning for individuals who might have been planning to take a vacation or basically traveling to China. The warning highlighted that this decision should be reconsidered due to there being a risk of wrongful detention. Mainland China was listed as a

supreme court

Samuel Alito's wife leased land to oil and gas companies while the Supreme Court Justice was fighting the Environmental Protection Agency

Per Business Insider Supreme Court Justice Samuel Alito has been trying to reduce the Environmental Protection Agency's scope through several court rulings but recently,  it was revealed that his wife actually leased land to an oil and gas company. His wife was expected to earn 3/16ths of

living

2/3rd of businesses share concerns over employee mental health amid cost of living crisis

Per PwC UK Recent research by PwC UK revealed how two-thirds of businesses shared concerns regarding their employees' mental health. The concerns were specifically about how the cost of living crisis has affected them. This came as many businesses started to see na increase in mental health long-

Airbnb's bubble collapse

According to a real-estate expert, declining revenues per listing on Airbnb, the popular platform that allows property owners to rent out their spaces to travelers, could potentially lead to a housing market crash in certain cities, comparable to the subprime crisis of 2008. However, there are some doubts about

Big US banks would lose $541 billion in doomsday scenario, predicts the Fed

According to the Federal Reserve's annual stress tests, the largest banks in the United States would suffer a combined loss of $541 billion in an extreme economic scenario. However, the tests concluded that these banks still possess sufficient capital to absorb such losses, reinforcing assertions made by Wall

Goldman Sachs, $GS, is considering exiting its partnership with Apple, $AAPL, and is in talks to offload those businesses and its credit-card partnership to Amex.

According to The Wall Street Journal, Goldman Sachs is considering ending its partnership with Apple as part of its strategy to withdraw from the consumer-lending business. The bank is currently engaged in talks with American Express regarding the potential takeover of the Apple credit card and related initiatives. Goldman

National Geographic has cut all its staff writers, and will end monthly newsstand sales

Starting next year, the iconic yellow-bordered cover of the monthly National Geographic magazine will no longer be available for purchase on newsstands, as the company shifts its focus to its digital product. Special editions will still be offered in physical stores, while subscribers will continue to receive a printed

Universal basic income of nearly $2,000 a month to be trialed in England for the first time

Autonomy, an independent think tank, is planning a trial in the UK where approximately thirty individuals may receive a monthly sum of £1,600 ($1,983). The success of this endeavor relies on securing adequate funding. The estimated cost for the basic income payments over the two-year duration of

META

Meta spent the most on private jets compared to other companies, splurging $2.3 million for Mark Zuckerberg's private jets

Per Fortune In total, S&P 500 companies spent $41.3 million on private jets, according to Financial Times, with Meta spending the most, as it was responsible for $2.3 million of that amount on Mark Zuckerberg alone. The company also spent for other executives as well. As

jpmorgan chase

JPMorgan Chase saw 74% tech applicants from Handshake platform, totaling 8,000 applications

Per CNBC With the recent disruption in the tech sector, after massive layoffs of multiple companies, JPMorgan Chase reportedly received more than 8,000 applications on Handshake, a networking platform, since 2023 alone. This was reportedly a 74% increase from the number of total applications in 2022 for tech. It

survey

New survey shows the majority of investors believe there won't be a recession in 2023

Per CNBC A new survey by CNBC Delivering Alpha conducted a poll among 400 Wall Street investors and found that most believe a recession won't happen this year. This came as most of them believed the economy to be entering a bullish market. The survey specifically took the