More from Simone Del Rosario
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After July’s big jobs miss, experts say a 50bps cut should be on the table
Experts are criticizing the Federal Reserve for being behind the ball after July’s jobs report showed a weakening labor market, two days after the Fed decided to leave its interest rate unchanged. Economists say the Fed’s restrictive monetary policy is now hurting the once-robust labor market. In July, the U.S. economy added 114,000 jobs, a… -
Weak jobs report and uptick in unemployment ‘a warning sign’
Hiring fell considerably and unemployment rose in July. The unemployment rate was up for the fourth straight month as eyes turn to whether or not U.S. economic policymakers will act in the coming months. Employers added only 114,000 jobs in July, according to data released Friday, Aug. 2, by the Bureau of Labor Statistics. That… -
Most college students say speech just as harmful as physical violence: Study
A new survey from the Knight Foundation published on Tuesday, July 30, found that 27% of college students are in favor of restricting free speech “they may find offensive or biased,” up from 22% in 2021. Students that identified as Democrats were mostly split on whether to allow all speech on campus, even speech they… -
First-of-its-kind AI law goes into effect in EU; US companies in the crosshairs
The world’s first artificial intelligence (AI) legislation went into effect Thursday, Aug. 1, in the EU. The AI Act, as its known, will regulate how companies develop and use the technology. The law is facing criticism that it could discourage innovation before it even happens. But the European Commission didn’t pass it overnight. In fact,… -
Google’s controversial Olympic Gemini ad is new reality even if people hate it
If you have tuned in to any part of the Olympics, chances are you’ve seen Google’s Gemini advertisement titled, “Dear Sidney.” In it, a father talks about his daughter’s admiration for track star Sydney McLaughlin-Levrone. “She wants to show Sydney some love and I’m pretty good with words but this has to be just right,”… -
Taco Bell expands AI tech at drive-thru lanes as competition grows
Yum Brands announced on Wednesday, July 31, that it is expanding its AI-voiced drive-thru experiment to hundreds of Taco Bells by the end of 2024. The company said that it will decrease wait times for customers and improve order accuracy, citing two years of research involved in the implementation of the technology. Yum Brands said… -
Collectibles from Star Wars to Babe Ruth fetch big bucks in post-COVID rebound
A prototype of the iconic golden bikini worn by Carrie Fisher in 1983’s “Star Wars: Episode VI – Return of the Jedi” sold for $175,000 at auction. The sale was part of a $5.9 million Hollywood blockbuster for Heritage Auctions as the collectibles and memorabilia market continues its upward trend following a COVID-19 pandemic-inspired boom.… -
Dave Calhoun was hired to fix Boeing and failed. Is Kelly Ortberg up to task?
Boeing has picked a new chief to hopefully thrust it into the air. After a monthslong search, the aerospace giant selected Robert “Kelly” Ortberg, the former CEO of aerospace company Rockwell Collins. Ortberg replaces Dave Calhoun, who announced earlier this year he’s retiring after four years at the helm. Calhoun was hired to turn things around… -
Reply while you sleep: Instagram lets you create an AI version of yourself
Imagine: You direct message your favorite Instagram influencer and a reply comes back lightning fast. You didn’t even think they checked their DMs! But it might not be a real person behind that personalized message, even if it sounds just like them. Soon, anyone in the U.S. will be able to create AI versions of… -
What is Operation Choke Point 2.0? Trump promises to end it.
It was one of the many promises made by former President Donald Trump to a cryptocurrency crowd at this year’s Bitcoin conference. Crypto advocates have dubbed efforts to cut off the cryptocurrency industry from banking services “Operation Choke Point 2.0,” and Trump is vowing to end it. “As president, I will immediately shut down Operation… -
Here are Trump’s 7 cryptocurrency promises made at Bitcoin Conference
Bitcoin neared $70,000 on Monday, July 29, after former President Donald Trump made several promises to the cryptocurrency industry in a keynote speech at this weekend’s Bitcoin Conference. One of those promises was firing SEC Chair Gary Gensler and replacing him with a chair “who believes America should build the future, not block the future.”… -
Here’s what happened when Americans received $1,000 a month in 3-year study
Years ago, OpenAI CEO Sam Altman set out to discover what would happen if people were given cash every month with no strings attached. This week, the results are in from the largest universal basic income study in the U.S., though how it went depends on how one interprets the findings. Right-leaning Reason writes, “Bad… -
NBA wants to play on Team Amazon. Will TNT take fight to the court?
The battle over the National Basketball Association’s broadcast rights looks like it is headed to court. On Wednesday, July 24, the league rejected TNT’s bid to match Amazon Prime Video’s $1.8 billion offer. It’s been quite a bit of back and forth over the last 10 days. On Tuesday, July 16, the NBA’s Board of…