Target’s shuttered small-format store on Folsom Street in San Francisco’s SoMa neighborhood, November 2023. Gabrielle Fonrouge | CNBC On Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail crime had made them too dangerous to run. On its face, Target’s … Read more
Good morning! It’s Tuesday, December 19, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Nevada Tesla Factory Workers Get Pay Raise Tesla … Read more
PHOENIX — Musicians in a cramped space under a Phoenix stage send up the familiar tones of “The Nutcracker.” Overhead, satin-and-glue pointed toes pitter-patter across stage in a performance of the holiday favorite. For Ballet Arizona and many other productions around the world, a pit full of musicians is as much part of the tradition … Read more
The future of an Australian buy now, pay later provider is under a major cloud. BizPay went into administration on November 23 and was placed in the hands of BRI Ferrier’s Jonathon Sherwood Keenan and Peter Paul Krejci. A notice issued by the Australian Securities and Investments Commission flagged that a virtual meeting of creditors … Read more
Patronus AI cofounders Anand Kannappan and Rebecca Qian Patronus AI Large language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus AI found. Even the best-performing AI model configuration they tested, OpenAI’s GPT-4-Turbo, when armed with … Read more
A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the capital Cairo on October 10, 2019. Khaled Desouki | AFP | Getty Images Attacks by Iran-backed Houthi militants on ships in the Red Sea have already rocked global trade. And there … Read more
Danish shipping giant Maersk confirmed on Tuesday that its vessels due to transit the Red Sea and Gulf of Aden would take the Cape of Good Hope route around the south of Africa after a spate of attacks by Houthi militants from Yemen. Along with a host of other firms, the company had previously announced … Read more
The Reserve Bank of Australia has decided to hold interest rates steady this month, giving mortgage holders much needed relief just weeks out from Christmas. The RBA board met on Tuesday and chose to hold the cash rate steady at 4.35 per cent. WATCH THE VIDEO ABOVE: Reserve Bank gifts Australians some Christmas relief with … Read more
More Americans are expected to fly or drive far from home over Christmas than did last year, putting a cap on a busy year for travel. Auto club AAA forecast Monday that 115.2 million people will go 50 miles or more from home during the 10 days between Dec. 23 and New Year’s Day. That’s … Read more
An exterior view of Moderna’s clinical manufacturing facility. David L. Ryan | Boston Globe | Getty Images Moderna and Merck‘s experimental cancer vaccine, when used in combination with Merck’s blockbuster therapy Keytruda, reduced the risk of death or relapse in patients with the most deadly form of skin cancer after three years, according to midstage … Read more
