Rishi Sunak has been warned against launching a fresh austerity drive after official figures confirmed Britain’s economy is in recession and living standards have suffered their longest sustained fall since records began almost 70 years ago. With the government under pressure over its economic management, Treasury sources said the chancellor, Jeremy Hunt, was considering a … Read more
If it feels like a lot of workers are going out on strike these days, that’s because they are, according to a new report from Cornell University and the University of Illinois Urbana-Champaign. The number of U.S. workers involved in work stoppages more than doubled last year, rising from 224,000 to 539,000, the universities’ Labor … Read more
Younger generations grew their wealth much faster than older Americans after the pandemic began, thanks largely to stocks, according to a new study. The total wealth of Americans under 40 surged by 80%, to $9.5 trillion, between the first quarter of 2019 and the third quarter of 2023, according to a study by the New … Read more
We already know that OpenAIâs chatbots can pass the bar exam without going to law school. Now, just in time for the Oscars, a new OpenAI app called Sora hopes to master cinema without going to film school. For now a research product, Sora is going out to a few select creators and a number … Read more
NEW YORK, NEW YORK – MAY 17: President and CEO of Wells Fargo Charlie Scharf attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022 in New York City. (Photo by Steven Ferdman/Getty Images) Steven Ferdman | Getty Images Entertainment | Getty Images Wells Fargo said Thursday … Read more
A month ago, the consulting company Accenture presented a potential client an unusual and attention-grabbing pitch for a new project. Instead of the usual slide deck, the client saw deepfakes of several real employees standing on a virtual stage, offering perfectly delivered descriptions of the project they hoped to work on. “I wanted them to … Read more
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT â Ford Motor CEO Jim Farley on Thursday urged … Read more
A day after it was reported that US-based GQG Partners is in talks to buy a stake in Vedanta, a big block deal in which more than 2% equity changed hands worth over Rs 2,600 crore was reported in the counter on Thursday. The final talks for a potential stake sale worth over $1 billion … Read more
Alphabetâs Gemini AI model has been public for only two months, but the company is already releasing an upgrade. Gemini Pro 1.5, launching with limited availability today, is more powerful than its predecessor and can handle huge amounts of text, video, or audio input at a time. Demis Hassabis, CEO of Google DeepMind, which developed … Read more
The Chicken Shack sandwich from Shake Shack. Shake Shack Shares of Shake Shack surged 20% Thursday morning after the burger chain delivered strong fourth-quarter earnings results. With Thursday morning’s gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months. Stock Chart IconStock chart icon … Read more
