Alibaba to Launch AI Chatbot Similar to OpenAI’s ChatGPT with Improved Capabilities in Understanding Chinese Language Input
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA) has been making headlines for its promising stock performance and plans to launch an artificial intelligence (AI) chatbot similar to OpenAI’s ChatGPT.[0] On April 10, BABA showed a median target price forecast of $143.54 from 51 analysts, representing a 39.69% increase from the last price of $102.75.[1] […]
Continue reading The US Housing Market: Cooling Prices and Falling Mortgage Rates, but Challenges Remain for Buyers
The US housing market has been experiencing a number of shifts in recent months, with home prices cooling off and mortgage rates falling. While this may seem like good news for buyers, the recent closures of several banks could continue to make it difficult for some Americans to purchase homes.[0] Despite this, higher mortgage rates […]
Continue reading McDonald’s Closes US Offices for Layoff Announcements and Restructuring Plan
Fast-food giant McDonald’s has closed its offices across the US for three days in order to inform corporate employees about layoffs as part of a broader restructuring plan. The company has already cut hundreds of jobs in various departments at both its Chicago headquarters and its field offices, and pay and benefits have also been […]
Continue reading Former Theranos Executive Denied Request to Delay Prison Sentence During Appeal
Former Theranos executive Ramesh “Sunny” Balwani has been denied his request to delay serving his 12-year and nine-month prison sentence until his appeal is decided.[0] The U.S. Court of Appeals for the 9th Circuit rejected Balwani’s motion, stating that he had not raised a “substantial question” of law or fact that is “fairly debatable” and […]
Continue reading Sweetgreen Changes Name of Menu Item Following Lawsuit by Rival Chain Chipotle Mexican Grill
Sweetgreen, the American fast-casual restaurant chain, has changed the name of its Chipotle Chicken Burrito Bowl following a lawsuit by rival restaurant chain Chipotle Mexican Grill. The lawsuit claimed that Sweetgreen’s advertisement and sign for the menu item used the word “chipotle” in a font similar to Chipotle’s stylised logo and sometimes used a shade […]
Continue reading Amazon Plans to Reduce Employee Stock-Based Compensation in Response to Economic Climate and Budget
Amazon is reportedly planning to make changes to its compensation program, which includes reducing the number of stock awards given to employees in 2025 and increasing the cash portion of their pay instead.[0] The move is in response to the current economic climate and the company’s budget.[0] The plans are part of Amazon’s compensation review […]
Continue reading Virgin Orbit Files for Bankruptcy and Cuts 85% of Staff after Failing to Secure Funding
Virgin Orbit Holdings Inc., the satellite launch firm founded by British billionaire Richard Branson, has filed for bankruptcy after failing to secure the funding needed to keep operating and cutting about 85% of its staff.[0] The company, which emerged as an offshoot of Branson’s space tourism company Virgin Galactic in 2017, aimed to provide a […]
Continue reading Starbucks Fires Union Leader Alexis Rizzo, Sparks Controversy and Worker Strike
Starbucks has fired Alexis Rizzo, the worker who led the unionization campaign at a Buffalo, New York location, after she was grilled by the Senate’s Committee on Health, Education, Labor & Pensions.[0] Rizzo’s termination was reportedly due to missing several work hours, which Starbucks claimed were in violation of company policy and impacted other workers […]
Continue reading California Becomes First Government to Require Zero-Emission Trucks by 2035
California has been granted the authority by the Biden administration to require that half of all heavy trucks sold in the state be fully electric by 2035, making it the world’s first government to require zero-emission trucks.[0] The move is part of California’s efforts to drastically cut planet-warming emissions and improve air quality in heavy-traffic […]
Continue reading Virgin Orbit Ceases Operations and Lays Off 90% of Workforce Due to Lack of Investment
Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has announced that it will cease operations “for the foreseeable future” due to its inability to secure new investment.[0] CEO Dan Hart told employees during an all-hands meeting on Thursday that the company would lay off about 90% of its workforce, or around 675 […]
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