Month: July 2024
Microsoft’s decision to give up OpenAI board observer seat doesn’t quell key concerns
Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Microsoft has given up its observer seat on OpenAI’s board. Apple, which was reportedly expected to take a similar observer position, will no longer […]
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Biden campaign asked and got edits to Black radio interview after Trump debate
U.S. President Joe Biden delivers remarks at a campaign event in Harrisburg, Pennsylvania, U.S., July 7, 2024. Nathan Howard | Reuters The campaign of President Joe Biden asked for and received two edits to an interview he gave a Milwaukee radio station on the heels of his disastrous debate in late June against former President […]
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Dollar General settles with the Labor Department over workplace safety violations
A sign hangs above a Dollar General store on August 31, 2023 in Chicago, Illinois. Scott Olson | Getty Images The U.S. Department of Labor announced a settlement Thursday with Dollar General, requiring the retailer and its subsidiaries to pay $12 million in penalties and implement significant workplace safety improvements in its more than 19,000 […]
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Thursday was a historically strange day in the stock market. That may be good news
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. Brendan McDermid | Reuters Wall Street saw a dramatic shift in market trends on Thursday, with winning and losing stocks swapping places for a day. It may turn out to be just what the rally […]
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Bitcoin could be heading for a ‘summer of 2021 style’ correction between record highs, data shows
Bitcoin is not expected to retest its record until later this year, but data shows this correction could get uglier before a recovery begins — similar to how the cryptocurrency fared between two all-time highs in 2021. A bitcoin valuation indicator, CryptoQuant’s Bitcoin Profit and Loss Index, is currently hovering around its own 365-day moving […]
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Shelley Duvall, ‘The Shining’ actor and Robert Altman muse, dies at 75
Shelley Duvall Reg Innell | Toronto Star | Getty Images “The Shining” actor Shelley Duvall died Thursday at her home in Blanco, Texas, her partner Dan Gilroy said. She was 75. Gilroy said Duvall had been in hospice and bedridden for the last few months due to complications from diabetes. She died in her sleep, he […]
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JPMorgan reports before the bell Friday. What Wall Street is watching
The unofficial start of the second-quarter earnings season kicks off Friday with results from banking giants including JPMorgan Chase . Analysts polled by LSEG expect the financial behemoth to report earnings of $4.18 per share on $42.16 billion in revenue. Along with the top- and bottom-line numbers, Wall Street is also keeping close watch on […]
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Delta says the Olympics will cost it $100 million as travelers skip Paris
This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather. Stefano Rellandini | Afp | Getty Images For more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands of potential tourists feel otherwise. Delta Air […]
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Tesla shares fall 6% after report of robotaxi unveiling delay
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Tesla shares fell about 6% on Thursday after Bloomberg reported that the electric vehicle maker is delaying […]
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Healthy Returns: Drugmakers are racing to develop more convenient weight loss pills
Aykut Karahan | Istock | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! Several drugmakers are hurrying to capitalize on one of the next major innovations coming to the booming weight loss drug market: effective, convenient and potentially affordable obesity pills. Most of the […]
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