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Category: Economy

De Guindos of the European Central Bank warns that financial markets are vulnerable to a sell-off
Economy

De Guindos of the European Central Bank warns that financial markets are vulnerable to a sell-off

Pamela LoweMay 31, 2023

In its May Financial Stability Report published on Wednesday, the European Central Bank said the outlook for stability in the…

Sam Altman and other technology leaders warn that artificial intelligence poses a threat to human extinction
Economy

Sam Altman and other technology leaders warn that artificial intelligence poses a threat to human extinction

Pamela LoweMay 31, 2023

Sam Altman, CEO of OpenAI, the maker of ChatGPT, as well as executives from Google’s artificial intelligence arm DeepMind and…

Goldman Sachs is cutting jobs again amid falling Wall Street deals
Economy

Goldman Sachs is cutting jobs again amid falling Wall Street deals

Pamela LoweMay 30, 2023

Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a downturn…

Tesla CEO Elon Musk meets with the Chinese foreign minister and announces expansion
Economy

Tesla CEO Elon Musk meets with the Chinese foreign minister and announces expansion

Pamela LoweMay 30, 2023

Elon Musk met with Chinese Foreign Minister Chen Gang on Tuesday as Beijing pressed to show it was open to…

The Turkish lira continues to slide after Erdogan won the elections
Economy

The Turkish lira continues to slide after Erdogan won the elections

Pamela LoweMay 30, 2023

The Turkish lira fell to an all-time low on Tuesday, extending its slide. The currency was last traded at 20.15…

Using airline overhead lockers divides the internet
Economy

Using airline overhead lockers divides the internet

Pamela LoweMay 29, 2023

Travel by Kirsten Fleming May 29, 2023 | 1:12 p.m Overhead storage isn’t your closet. That’s the message from travel…

US Debt Ceiling Deal Bans 30% Bitcoin Mining Tax: Congressman
Economy

US Debt Ceiling Deal Bans 30% Bitcoin Mining Tax: Congressman

Pamela LoweMay 29, 2023

As details of the agreement reached between President Joe Biden and House Speaker Kevin McCarthy on the US debt ceiling…

Target loses  billion after boycott calls over gay-friendly clothing
Economy

Target loses $10 billion after boycott calls over gay-friendly clothing

Pamela LoweMay 28, 2023

News by Ronnie Reyes May 28, 2023 | 1:01 p.m Target has lost $10 billion in market valuation over the…

NASA and Boeing say preparations are continuing for the Starliner’s July test flight
Economy

NASA and Boeing say preparations are continuing for the Starliner’s July test flight

Pamela LoweMay 28, 2023

NASA and Boeing said May 26 that they are still working to launch the CST-100 Starliner in July for a…

LGBTQ brand creator ‘relieved’ after Target pulls his items from shelves due to backlash
Economy

LGBTQ brand creator ‘relieved’ after Target pulls his items from shelves due to backlash

Pamela LoweMay 28, 2023

Estimated reading time: 5-6 minutes NEW YORK — When a Target distributor reached out to Eric Carnell last year about…

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