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Monthly Archives: July 2023

The hard hat job with highest level of open positions ever recorded

The U.S. economy’s post-Covid growth spurt has come amid one very big problem: lack of workers for jobs across sectors as they bounce back from the pandemic and now attempt to grow amid tighter financial conditions. The labor market, where job openings have reached as high as two for each …

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Substituting cryptocurrency for gold exposure may be a costly mistake

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold exchange-traded fund, believes cryptocurrency is no substitute for the real thing due its vulnerability to big losses. “Volatility does not back up any claims for crypto to be …

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X logo officially replaces Twitter’s famous bird on mobile app

This illustration photo taken on July 24, 2023 shows the Twitter bird logo upside down in the background of Elon Musk’s screen advertising an “X” as a replacement logo, in Los Angeles. Chris Delmas | AFP | Getty Images X, formerly known as Twitter, has officially retired its famous blue …

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How America’s biggest retailers will use tech to catch retail theft

Godong | Universal Images Group | Getty Images Artificial intelligence is rapidly taking root in almost every field, and though the balance between theoretical potential and productivity will only become clear over time, one new test is taking place in the world of big-box retail, where AI is being used …

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Yearly rate increase is lowest since March 2021

Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index excluding food and energy increased just 0.2% from the previous month, in line with the Dow Jones estimate, the Commerce Department said. So-called core …

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Vulcan rocket will still fly this year after engine explosion

The Vulcan rocket for the Cert-1 mission stands at SLC-41 during testing in Cape Canaveral, Florida, May 12, 2023. United Launch Alliance United Launch Alliance still plans to fly its heavy-lift Vulcan rocket by late 2023 — despite suffering a mishap earlier this year after an engine exploded during testing. …

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Analysts see some hope in Intel earnings but remain wary

Intel reported stronger-than-expected results for the second quarter Thursday evening, beating on the top and bottom lines. It was a welcome glimmer of hope for analysts and investors, as the company struggled in the preceding quarters to clear inventory and retool for artificial intelligence-centric, GPU-heavy corporate spend. Shares of Intel …

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SpaceX is testing a “flame deflector” for Starship without permits

BOCA CHICA, TX – SEPTEMBER 28: A gated entrance by a prototype of SpaceX’s Starship spacecraft is seen at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. The Starship spacecraft is a massive vehicle meant to take people to the Moon, Mars, and …

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J&J effort to resolve talc cancer lawsuits fails a second time

In this photo illustration, a container of Johnson and Johnson baby powder is displayed on April 05, 2023 in San Anselmo, California.  Justin Sullivan | Getty Images A federal bankruptcy judge on Friday rejected Johnson & Johnson‘s second attempt to resolve tens of thousands of lawsuits alleging the company’s talc …

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Sam Bankman-Fried should be jailed, New York federal prosecutors say

FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023.  Fatih Aktas/ | Anadolu Agency | Getty Images Federal prosecutors asked a judge to revoke FTX founder Sam Bankman-Fried’s bail in a Manhattan court filing Friday, claiming that …

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