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News & Articles By Cassie B.
03/17/2023
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By Cassie B.
RIGGED: Silicon Valley Bank gave its employees bonuses just hours before it collapsed
Employees of Silicon Valley Bank were given their annual bonuses on Friday just hours ahead of the seizure of the bank by regulators. The payments were reportedly bonuses for work conducted last year and were already being processed in the days ahead of the collapse of the bank. In the past, the bank has paid […]
03/09/2023
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By Cassie B.
Fed Chair warns U.S. could see unexpectedly high interest rate hikes soon
The chairman of the Federal Reserve, Jerome Powell, warned this week that interest rates will likely be higher than policymakers at the central bank previously anticipated. He cited data showing that inflation has now reversed the deceleration experienced late last year. Powell stated: “The latest economic data have come in stronger than expected, which suggests […]
03/01/2023
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By Cassie B.
Free AI voice generation software successfully hacked into bank accounts using simulated voices
While any type of hacking can be upsetting, it’s hard to imagine a more devastating scenario than someone gaining access to your bank account. Most banks employ cutting-edge authentication technology that is very difficult to get around – but one tech writer recently proved that even the most modern measures are surprisingly easy to breach. […]
02/16/2023
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By Cassie B.
Recent regulatory crackdowns have crypto investors on edge
As regulators start to crack down on cryptocurrency, spooked investors are pulling back significantly amid a backdrop of great uncertainty. Until recently, regulators had not interfered much in the crypto industry. However, they have recently started cutting off access to services and products that are essential for the digital currency business. This week, regulators in […]
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 […]
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 […]
01/18/2023
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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 […]
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