Simone Del Rosario
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Boeing strike strategy ‘baffles’ top aviation analyst. Where do talks go next?
Boeing and machinists are back at the negotiating table the morning of Monday, Oct. 7, after more than a week of stalemate. The International Association of Machinists and Aerospace Workers said Boeing’s last offer disrespected the entire union after the company released the terms to the public before the union had responded. Even then, 80%… -
California effort to regulate AI fails. Where does AI regulation go from here?
California Gov. Gavin Newsom made headlines Sunday, Sept. 29, after he vetoed a sweeping artificial intelligence safety bill. So what comes next for AI regulation in the country and how do America’s efforts match up against other governments? The proposed California law would have required safety testing of large AI systems. It would have also… -
Markets convinced Fed will cut by 25bps after ‘very, very good’ jobs report
The next Federal Reserve rate decision may still be one month away, but traders are increasingly confident the Fed will cut by 25 basis points in November after seeing September’s jobs report. In new data out Friday, Oct. 4, the Bureau of Labor Statistics reported the U.S. economy added a surprise 254,000 jobs in September,… -
September surprise: US adds 254,000 jobs, unemployment dips to 4.1%
The U.S. economy added far more jobs than anticipated in September while the unemployment rate ticked down to 4.1%. According to the latest data from the Bureau of Labor Statistics (BLS), the U.S. added 254,000 jobs in September when economists expected around 150,000. In August, preliminary data showed 142,000 jobs added and 4.2% unemployment. With… -
Sen. Warren says John Deere is breaking promises with right to repair
Sen. Elizabeth Warren, D-Mass., is pressing John Deere on its commitment to right-to-repair provisions. She said the tractor giant’s omission of certain information in product manuals could constitute a violation of the Clean Air Act. Right-to-repair advocates say everyone should be allowed to do standard maintenance on electronics and machinery. When repair rights are brought… -
X is worth 79% less than when Elon Musk bought it for $44 billion: Report
Elon Musk’s contention in 2022 that he and his fellow investors were overpaying when they bought the social media platform formerly known as Twitter seems to be spot on. Fidelity said the value of its investment in X dwindled by nearly 79%. Asset managers at Fidelity’s Blue Chip Growth Fund say the value of its… -
Boeing is bleeding cash. Will $10 billion do the trick?
Boeing is bleeding cash and looking for a way to plug the wound. Will $10 billion do the trick? According to a Bloomberg report from Tuesday, Oct. 1, the troubled company is considering raising $10 billion by selling new stock. It’s not a done deal and sources said it likely would not happen until after… -
Powell says Federal Reserve is in no ‘hurry to cut rates quickly’
Experts say the greatest threat to the economy in the next year isn’t the upcoming election or even conflict in the Middle East or Ukraine. More professional forecasters say a monetary policy mistake by the Federal Reserve poses the greatest downside risk. This month, the Federal Reserve adjusted its policy rate for the first time… -
If port workers go on strike, here’s when one expert says Biden should step in
Price increases could be on the horizon if dockworkers and port operators fail to reach terms on a labor contract before Tuesday, Oct. 1. The stoppage at 36 ports along the eastern seaboard and in the Gulf of Mexico would be the first for maritime workers in nearly 50 years. Members of the International Longshoremen’s… -
OpenAI shakeup: Top execs leave as Sam Altman hamstrings nonprofit arm
A lot is going on behind closed doors at OpenAI. Longtime Chief Technology Officer Mira Murati announced she is leaving the company, with two other veteran executives following her out the door. Within hours, it came out that CEO Sam Altman is working to restructure the company into a for-profit endeavor, eliminating the nonprofit arm’s… -
Antitrust expert on Visa case: ‘It’s not enough to be big, you have to be bad’
The Department of Justice filed a federal antitrust lawsuit against Visa Tuesday, Sept. 24. The suit alleges the payments processor took part in anticompetitive practices in the debit card market that hurt merchants and consumers alike. “Visa deploys a web of unlawful anti-competitive agreements to penalize merchants and banks for using competing payment networks,” Attorney… -
Where are they now? FTX criminals making headlines in and out of jail
Caroline Ellison is the latest to go to prison over the multibillion-dollar FTX fraud scheme. The on-again-off-again girlfriend of FTX founder Sam Bankman-Fried was sentenced to two years behind bars. She was a star witness for the prosecution against her former boss and boyfriend, commonly known by his initials, SBF. But the judge said her… -
Heisman winner Reggie Bush sues for NIL money 2 decades after playing
Months after getting his 2005 Heisman Trophy reinstated, former USC superstar Reggie Bush is again taking on college football. This time, the running back-turned-broadcaster filed a lawsuit against the university, the Pac-12 and the NCAA. Bush’s lawsuit claims the three profited “from uncompensated use” of his name, image, and likeness, known as NIL. Star college…
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