Day: June 3, 2023
Walt Disney’s Pixar targets ‘Lightyear’ execs amid 75 work cuts
In this picture illustration a Pixar Animation Studios brand is viewed on a smartphone display. Sopa Illustrations or photos | Lightrocket | Getty Images Walt Disney‘s Pixar Animation Studios has eliminated 75 positions including all those of two executives powering the box office environment disappointment “Lightyear,” sources reported on Saturday, the very first sizeable occupation cuts […]
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‘Not just a fad’: Agency launches fund created to capitalize on A.I. boom
ETF Edge ‘Not just a fad’: Firm launches fund developed to capitalize on A.I. growth Released Sat, Jun 3 202311:00 AM EDT Sean Conlon@SeanAustin96 View Reside Resource
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Boycotts hit stocks hard. Here’s what might be next for Bud, Target and others caught in the anti-Pride backlash
Pride Month merchandise is displayed at a Target store on May 31, 2023 in San Francisco, California. Justin Sullivan | Getty Images Even before Pride month was underway, it seems as if it was open season on companies celebrating the LGBTQ community. One by one, companies have come under an expanding attack. Anheuser-Busch, Target, Kohl’s […]
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Time is jogging out to repay Covid-period 401(k), IRA withdrawals — and claim a tax refund
Essential Points The CARES Act, a federal pandemic-aid regulation, allowed investors to withdraw up to $100,000 in coronavirus-related distributions from 401(k) options and individual retirement accounts in 2020. These CRDs carried tax advantages. If an trader repaid all or part of a distribution in just a few decades, they could declare a tax refund for […]
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Three industries ripe for automation, according to a robotics guru
A software and robotics machine called mGripAI from Massachusetts-based Soft Robotics sorts artifical pieces of chicken into trays for packaging at an automation conference held by the Association for Advancing Automation in Detroit. Michael Wayland / CNBC DETROIT — The automotive and logistics industries are no strangers to robots. They’re among the most heavily invested […]
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The increase of Albemarle, the world’s largest lithium producer
Demand for lithium, a key component for electrical car or truck batteries, is expected to surge, from 500,000 metric tons of lithium carbonate in 2021 to 3 to 4 million metric tons in significantly less than a 10 years, according to McKinsey & Organization. Albemarle, the world’s top rated producer of this important steel and the operator of […]
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U.S., China trade blame as hopes for armed service dialogue fade
Tensions involving the U.S. and China have escalated over the previous handful of decades. Teh Eng Koon | AFP | Getty Photographs U.S. Secretary of Defense Lloyd Austin rebuked China on Saturday for refusing to keep military talks, leaving the superpowers deadlocked about Taiwan and territorial disputes in the South China Sea. Speaking at the […]
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