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News & Articles By Cassie B.
02/10/2023
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By Cassie B.
Google shares lose $100 billion after new AI chatbot gives an incorrect answer in demo
Shares in Alphabet, the parent company of Google, fell by 7.7 percent on Wednesday, causing it to lose a remarkable $100 billion from its market value after its new AI chatbot gave an inaccurate response to a question in a public demo this week. Google’s new AI chatbot tool, which is known as Bard, has […]
02/08/2023
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By Cassie B.
As gas prices rise for 5th straight week, experts warn high prices will persist through summer
Gas prices in the U.S. rose for the fifth week in a row during the last week of January, and industry analysts report that they are unlikely to drop in the near future. According to GasBuddy, the national average reported last week of $3.49 per gallon represents a rise of 33.3 cents over the figure […]
02/03/2023
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By Cassie B.
DUMPSTER DINNERS: Brits now seeking out EXPIRED food to consume as they cope with meteoric rise in food prices
The cost of food continues to rise in the UK, and the country’s food retailers have warned that price inflation will continue into the foreseeable future. The latest figures show grocery prices are now increasing at their fastest rate on record. Figures provided by retail analyst Kantar found that grocery price inflation in the country […]
01/27/2023
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By Cassie B.
IBM announces 3,900 layoffs as Big Tech financial struggles continue
The latest company to join the Big Tech mass firing trend is IBM, who has cut nearly 4,000 jobs after missing its annual cash target. This week, the computer company announced that it would be laying off 3,900 individuals, which amounts to around 1.5 percent of its workforce. These cuts are estimated to lead to […]
01/23/2023
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By Cassie B.
Microsoft to cut 10,000 jobs in latest Big Tech layoffs
Microsoft has joined a wave of other tech companies in announcing mass layoffs, cutting around five percent of its overall workforce. A securities filing last week noted that they would be laying off 10,000 employees as part of a range of measures aimed at cutting costs in the wake of economic uncertainty. Ahead of the […]
01/19/2023
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By Cassie B.
Was the FAA’s nationwide ground stop on flights last week the work of ransomware hackers?
When the Federal Aviation Administration (FAA) called for a full ground stop on all flights leaving the U.S. for a few hours last Wednesday due to a failure with the critical Notice To Air Missions (NOTAM) system, a damaged database file was cited as the problem. It sounds plausible enough; we increasingly rely on computer […]
01/18/2023
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By Cassie B.
DirecTV announces layoffs of hundreds of managers after large drop in subscribers
Satellite TV provider DirecTV has announced that it will be laying off hundreds of managers in response to the cord cutting trend that has seen countless customers abandon its platform in favor of alternative methods of TV viewing. The cuts will amount to around 10 percent of their current management, with management at DirecTV somehow […]
01/16/2023
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By Cassie B.
Tesla announces $775 million investment in Texas Gigafactory, slashes prices on EVs
Just days after Tesla announced significant price cuts on its electric vehicles, the company announced a big investment in its Gigafactory in Austin, Texas. The automaker has unveiled a $775.7 million plan that will see four new buildings being constructed at the site, where it currently produces electric vehicles and their batteries. The new facilities […]
01/10/2023
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By Cassie B.
Swiss National Bank posts stunning $143 billion loss
This week, the Swiss National Bank posted a staggering annual loss of 132 billion Swiss francs last year. This equals around $143 billion and marks the largest loss in its 116-year history. Several factors contributed to the loss, including dropping stock and fixed income markets and a strengthening Swiss franc. The provisional figure is a […]
12/30/2022
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By Cassie B.
Cryptocurrency firm Midas Investments closes platform following losses in wake of FTX collapse
The crypto firm Midas Investments, which was focused on DeFi yields, will be closing down its platform in the wake of considerable losses it experienced throughout the year. The news was announced by the investment firm’s CEO and founder, Trevor Levin, in a blog post. He noted that Midas’s DeFi portfolio sustained $50 million in […]
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