More students are dropping out of college, money is a main concern (www.cnbc.com)
U.S. investigating Meta for role in illicit drug sales, WSJ reports (www.cnbc.com)
U.S. prosecutors in Virginia are probing whether Facebook-parent Meta’s social media platforms facilitated and profited from the illegal sale of drugs, the Wall Street Journal reported on Saturday, citing documents and people familiar with the matter....
IRS targets wealthy ‘non-filers’ with new wave of compliance letters (www.cnbc.com)
The IRS on Thursday unveiled plans to target wealthy “non-filers” with a new round of compliance letters....
Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal (www.cnbc.com)
How Walmart, Delta, Chevron and Starbucks are using AI to monitor employee messages (www.cnbc.com)
AI lobbying spikes 185% as calls for regulation surge (www.cnbc.com)
AI lobbying spikes 185% as calls for regulation surge::AI-related lobbying reached new heights in 2023, with more than 450 organizations participating in the practice — a 185% increase from the year before.
Amazon cuts hundreds of jobs in Prime Video and MGM Studios (www.cnbc.com)
Amazon cuts hundreds of jobs in Prime Video and MGM Studios::Mike Hopkins, who oversees those units, sent a note to staffers informing them of the job cuts.
Maersk to pause all container ship traffic through the Red Sea (www.cnbc.com)
Danish shipping company A.P. Moller-Maersk will pause all container shipments through the Red Sea until further notice, a spokesperson for the company told Reuters on Friday....
Putin looks set to run for president in 2024 — and there's no one who can oppose him right now (www.cnbc.com)
Russian President Vladimir Putin has reportedly decided to run in the March 2024 presidential election and he’s likely to win another six-year term in office, essentially because there’s no one that can oppose him....
Tesla wins first U.S. Autopilot trial involving fatal crash (www.cnbc.com)
Tesla wins first U.S. Autopilot trial involving fatal crash::Tesla won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory as it faces several other lawsuits.
Apple will issue a software update to address iPhone 15 overheating complaints (www.cnbc.com)
Apple will issue a software update to address iPhone 15 overheating complaints::Apple said that the new iPhones were running hot because of a combination of bugs in iOS 17, bugs in apps, and a temporary set-up period.
Dow closes nearly 500 points lower Thursday as investors’ recession fears awaken (www.cnbc.com)
Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico (www.cnbc.com)
Google employees questioned leadership about cost cuts, layoffs and “morale” issues following the company’s better-than-expected first-quarter earnings report. (www.cnbc.com)
Cocoa prices hit $10,000 per metric ton for the first time ever (www.cnbc.com)
Difficult weather conditions and disease have affected production in West Africa, which produces about 70% of the world’s cocoa. The two largest producers, Ivory Coast and Ghana, have been hit by a combination of heavy rain, dry heat and disease recently....
DWAC stock tumbles more than 12% after Trump social media merger approved by shareholders (www.cnbc.com)
BP exec's husband guilty of insider trading $1.8 million, snooped on her calls (www.cnbc.com)
KEY POINTS...
Microsoft, Google, Amazon and tech peers sign pact to combat election-related misinformation (www.cnbc.com)
Microsoft, Google, Amazon and tech peers sign pact to combat election-related misinformation::A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation heading into the 2024 elections.
From FedEx to airlines, companies are starting to lose their pricing power (www.cnbc.com)
After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power....
Australia fines X for not answering questions on child abuse content (www.cnbc.com)
Australia fines X for not answering questions on child abuse content::The social media platform has 28 days to respond to or pay the fine of 610,500 Australian dollars.
A million more U.S. workers can now get overtime pay: 'Most employers absolutely do want to get this right' (www.cnbc.com)
Trump allies on Republican National Committee want to help pay his legal bills (www.cnbc.com)
KEY POINTS...
Fake rich? Affluent millennials are more likely to exaggerate to appear wealthy (www.cnbc.com)
Microsoft exec says OpenAI employees can join with same compensation (www.cnbc.com)
Microsoft exec says OpenAI employees can join with same compensation::Microsoft CTO Kevin Scott offered to match the compensation of OpenAI employees considering a departure from the company.
IBM suspends advertising on X after report says ads ran next to antisemitic content (www.cnbc.com)
IBM suspends advertising on X after report says ads ran next to antisemitic content::IBM’s announcement that it’s halting ads on X came a day after Elon Musk boosted an antisemitic post on his platform
