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Monthly Archives: June 2023

Biden to meet with AI experts in San Francisco

US President Joe Biden points to the crowd after speaking during the League of Conservation Voters Annual Capital Dinner, at The Anthem in Washington, DC, on June 14, 2023. Andrew Caballero-Reynolds | AFP | Getty Images President Joe Biden will meet with with artificial intelligence experts in San Francisco on …

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Here’s how to tell your company has layoffs planned

Daniel Grill | Tetra Images | Getty Images The start of the year was plagued by waves of layoffs: through the end of May, companies announced plans to cut 417,500 jobs, up 315% from the same period last year, according to Challenger, Gray & Christmas. Big names including Disney, Google, …

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Bitcoin hits new high for June as more financial incumbents signal commitment to crypto

A Bitcoin ATM, the largest cryptocurrency by market cap that operates free of any central control and that relies on a peer-to-peer software and cryptography, on the BitBase stand during the Mobile World Congress 2023 on March 10, 2023, in Barcelona, Spain. Joan Cros | Nurphoto | Getty Images The …

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Amazon faces Senate probe over warehouse safety

Peter Endig | AFP | Getty Images Amazon’s warehouse working conditions, which have come under increased scrutiny in recent years, are now at the heart of a congressional probe that’s being led by Sen. Bernie Sanders of Vermont. In a letter to Amazon CEO Andy Jassy, Sanders, who chairs the …

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Student loan payments will restart in October

Viktorcvetkovic | Istock | Getty Images Over the three-year-long pause on student loan payments, the U.S. Department of Education has repeatedly told borrowers their bills were set to resume, only to take it back and provide them more time. This time, however, the agency really means it. The Education Department …

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Credit card rates stand at a record 20.69%

The Federal Reserve may have paused its aggressive interest rate hikes for now, but that offers little relief for anyone with credit card debt. The central bank raised interest rates 10 times since last year — the fastest pace of tightening since the early 1980s — and that has caused credit card rates to …

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Gannett sues Google over its alleged ad tech monopoly

Gannett-USA Today headquarters building in McLean, Virginia. Paul J. Richards | AFP | Getty Images USA Today publisher Gannett is suing Google for allegedly illegally monopolizing the advertising technology market, adding to an already extensive list of lawsuits against the company for alleged anticompetitive behavior. “With control over the largest …

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Chris Christie floats Social Security cuts, slams Trump

Former New Jersey Gov. Chris Christie said Tuesday that U.S. leaders “need to deal with Social Security” and vowed not to shy away from entitlement reform if he becomes the 2024 Republican presidential nominee. “We have to look at things like means testing for the very wealthy [who] don’t need …

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How much money it takes to be ‘financially comfortable’

The phrase “financially comfortable” can mean different things to different people, whether that’s having enough money to stay out of debt or being able to buy a second home. One thing is certain: The amount of money Americans say makes you financially comfortable changes depending on where you live. The …

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Who is Alibaba’s new CEO Eddie Wu and chairman Joe Tsai?

Alibaba announced a major leadership reshuffle on Tuesday, with CEO and Chairman Daniel Zhang planning to step down this year and be replaced by veterans at the Chinese tech giant. Eddie Yongming Wu will step in as CEO, while Joe Tsai will take over as chairman on Sept. 10. The …

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