github GitHub plans to be fully remote as it will lay off 10% of workers Per Tech Crunch GitHub has announced that it plans to become fully remote and close all of its offices. This comes as the company says it will let go of 10% of its workforce or about 300 employees. In a recent report by Fortune, it was announced that GitHub had
donald trump Trump's Instagram and Facebook accounts are restored Per CNN After former US President Donald Trump's Twitter account was restored under the new leadership of Elon Musk, the former US President's accounts on Meta's platforms have been restored. The Trump Instagram and Facebook accounts have once again been activated. Elon Musk'
amazon Amazon experiences largest annual loss since becoming public despite beating analyst's Q4 expectations Per Washington Business Journal Amazon became public on May 15, 1997, and since then, the company has never experienced an annual loss as massive as it did in 2022. Despite beating analysts' Q4 expectations, the company still lost $2.7 billion on $514 billion in sales. The recent company
morning Morning Consultant poll says 46% of Americans think the nation is already in a recession Per Morning Consultant A recent poll by Morning Consultant found that 46% of US adults already thought the country was in a recession. These comprised people that were earning less than $50,000 a year. The survey also saw that 57% of Republicans believe that the US is already in
amazon Cathie Wood says Amazon workers could be surpassed by robots in 2030 Per CNBC With things like automation or ChatGPT on the rise, Ark Invest's Cathie Wood shares her thoughts on how robots could surpass Amazon workers by 2030. Woods noted that that year, Amazon could potentially have more robots than employees. While OpenAI's ChatGPT took the world
$MSFT is ending its industrial metaverse team, and laying off 100 workers $MSFT is ending its industrial metaverse team, and laying off 100 workers. The metaverse team was formed four months ago. Recently, Microsoft, MSFT, hosted an exclusive, private Sting concert for top executives on January 17th. The very next day, they announced mass lay offs of 10,000 people. Microsoft announced
Yahoo is letting go of 20% of staff, nearly 50% from ads team Yahoo is letting go of 20% of staff, nearly 50% from ads team. Yahoo, which is owned by private equity firm Apollo Global Management since a $5 billion buyout in 2021, added that the move would enable the company to narrow its focus and investment on its flagship ad business
For the first time ever, there are more jobs in the Florida than there are in New York For the first time ever, there are more jobs in the Florida than there are in New York, per Bloomberg. Florida boasted 9,578,500 nonfarm jobs at end of 2022 — 2,000 more than New York’s 9,576,100, according to Data released by the Bureau of Labor
China has said that the US should return debris from the spy balloon it shot down China has said that the US should return debris from the spy balloon it shot down. On Feb 4, the US shot down a suspected Chinese spy balloon that was flying over North America and passed sensitive military sites. The balloon was estimated to be about the size of three
Maryland lawmakers have introduced a bill that would incentivize a 32-hour workweek The bill directs the Maryland Department of Labor to administer a pilot program to study the possibility of a shorter workweek without a reduction in pay. Private entities could get a state tax credit as an incentive if they shift at least 30 employees to a 32-hour workweek. “It’s
The US Virgin Islands has said that, "JPMorgan, $JPM, knowingly, negligently, and unlawfully provided and pulled the levers through which recruiters and victims were paid" The US Virgin Islands has said that, "JPMorgan, $JPM, knowingly, negligently, and unlawfully provided and pulled the levers through which recruiters and victims were paid and was indispensable to the operation and concealment of the Epstein trafficking enterprise." They had originally sued in December. The US Virgin Islands
Robinhood, HOOD, accidentally sold short on a stock and lost $57 million Robinhood, $HOOD, accidentally sold short on a stock and lost $57 million. Cosmos Health, COSM, shares nearly tripled and experienced record trading volume more than seven times any previous day on Dec. 16. In an earnings call, Robinhood Chief Executive Vlad Tenev noted a “processing error on a corporate action”
youtube YouTube Shorts went from 30 billion to 50 billion daily views today as it competes with TikTok Per Business Insider TikTok's popularity has threatened other social media companies like Meta and Alphabet, which resulted in them integrating their own versions of scroll-down vertical videos. YouTube Shorts is one of them, which recently surpassed 50 billion daily views. The swipe-up content approach has proven effective for
gen z Gen Z retirement savings average just $33,000 Per Yahoo Finance The retirement savings of Gen Z has come into question as a new report shows that the median for all of their retirement savings accounts sits at just $33,000. However, not all Gen Zers have reached working age. For those that are still confused, Gen Zs
META Meta spent almost a billion in Q4 just to layoff its employees Per Business Insider After Meta took a huge drop in 2022, the company announced that it would lay off over 11,000 employees. A report shows that the company spent $975 million in severance costs in Q4 alone. Meta was officially dubbed the worst-performing stock in the S&P
gartner Gartner predicts AI to replace customer service for about 25% of companies in 2027 Per Gartner Gartner has just shared their thoughts on how AI could potentially take away future jobs, especially in the customer service industry. The management consulting company says that by 2027, 25% of companies' main customer service channels could be replaced by artificial intelligence. When ChatGPT took the world
luxury Luxury sales remain unaffected by rising interest rates, increasing by 22% in 2022 Per CNBC While many struggled due to the increased interest rates, luxury sales somehow remained unaffected. In 2022, despite the rising interest rates, personal luxury goods global sales increased to $381 billion. The increase in global sales to $381 billion represents a 22% growth for personal luxury goods sales in
Google, GOOGL, stock lost $100 billion after its AI chatbot gave a wrong answer in its preview Google, GOOGL, stock lost $100 billion after its AI chatbot gave a wrong answer in its preview. Alphabet posted a short GIF video of Bard in action via Twitter, promising it would help simplify complex topics, but it instead delivered an inaccurate answer, per Reuters. Google said: Bard is an
Majrorie Taylor Green: I'm so glad you've lost your jobs. Thank God Elon Musk bought Twitter. Representative Marjorie Taylor Greene said during the Twitter hearing: "You abused the power of a large corporation and Big Tech to censor Americans... I'm so glad that you are censored now and I'm so glad that you've lost your jobs. Thank God Elon
Ray Dalio has said 'money as we know it is in jeopardy" Ray Dalio has said 'money as we know it is in jeopardy.' This in commentary on Squawk Box. He said: "Bitcoin has no relation to anything. It's a tiny thing that gets disproportionate attention," says Ray Dalio on crypto. "The value of $BTC
Lawyers and advisors in FTX bankruptcy have billed nearly $20 million for 51 days of work Lawyers and advisors in FTX bankruptcy have billed nearly $20 million for 51 days of work. Recently, it was noted by CNBC that John J Ray, the new CEO of FTX falling SBF's fallout, is currently making $1,300 per hour. There are also additional expenses fees. CNBC
Twitter now allows for 4,000-character long tweets for subscribers of Twitter Blue Twitter now allows for 4,000-character long tweets for subscribers of Twitter Blue. This is part of the longstanding changes mentioned by Elon. Among them, in January, Twitter begun applying for regulatory licenses across the US and designing the software required to introduce payments across the social media platform, per
Walt Disney Company, DIS, to restructure into 3 divisions, seek $5.5B in cost cuts, and reduce workforce by about 7,000 jobs Walt Disney Company, $DIS, to restructure into 3 divisions, seek $5.5B in cost cuts, and reduce workforce by about 7,000 jobs. The three units: * An ESPN division that includes the TV network and the ESPN+ streaming service * Disney Entertainment, which includes most of its streaming and media operations
car payments American car payments experience the highest delay rate topping 2009 numbers Per Bloomberg American car owners are struggling to pay for their autos, resulting in delayed car payment rates reaching new hights. The new numbers surpassed the previous 2009 numbers for the highest delays. In Dec 2022, the number of subprime auto borrowers with a delay of at least 60 days
google Google reports inaccurate info coming from AI chatbot Bard, saying James Webb Space Telescope took first exoplanet pictures Per Reuters Google is trying to compete with OpenAI's ChatGPT and has recently announced its Apprentice Bard. Now, the company shared that its AI gave inaccurate information in company advertisements. This came at a time when Alphabet's company is trying to compete with Microsoft, which invested
