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Earlier this month, Meta announced plans to lay off 10,000 workers, adding to the 11,000 cuts it made in November.cnb.cx/3GVcxiL
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Mark Zuckerberg Says This CEO Is the 'Taylor Swift of Tech': Mark Zuckerberg posted a photo with Nvidia's CEO Jensen Huang this week and told a ...
entrepreneur.com/business-news/mark-zuckerberg-nvidia-ceo-is-the-taylor-swift-of-tech/471821
Are SBF’s Friends in Prison? Where FTX’s Ellison, Nishad, Wang Are Now: One moved continents to hunker down in her family home. Another landed a job as a ...
bloomberg.com/news/articles/2024-03-28/are-sbf-s-friends-in-prison-where-ftx-s-ellison-nishad-wang-are-now
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Quick Glance: Sam Bankman-Fried's Verdict: 25-Year Prison Term - BBC News
- Sam Bankman-Fried received a 25-year prison sentence. Key details from the court hearing in New York were summarized, focusing on his defense lawyer's arguments and the judge's ruling.
- The judge criticized SBF's lack of remorse, noting that he had never expressed a word of regret for committing terrible crimes. Customers who lost money in the collapse reported experiencing nightmares.
- SBF admitted to making a series of poor decisions but claimed that customers could be reimbursed. The judge pointed out that the assertion that customers would be fully repaid through the bankruptcy process was misleading.
- The court hearing also included testimonies from customers who lost significant amounts of money, insights into SBF's background, and the reasons behind the collapse of his company FTX.
Stock market surge rewards S&P 500 with best start since 2019: A robust quarter for the tech and financial sectors boosted the S&P to its best quarter since 2019 ...
washingtonpost.com/business/2024/03/28/stock-market-first-quarter-2024/
Quick Glance: Strong Gains for Dow Jones and Nasdaq in First Quarter of 2024
- The stock market wrapped up the first quarter on an upswing, driven by investors' optimism about the state of the economy.
- The S&P 500 gained 10.8 percent in the first quarter, while the Nasdaq surged by 10.9 percent.
- Analysts viewed the Dow Jones Industrial Average's respectable first quarter gain of 5.5 percent as a positive sign that the current rally isn't solely dependent on Big Tech.
- The Dow closed at 39,807 and the S&P 500 at 5,254, both with marginal daily gains, while the Nasdaq fell 0.1 percent to close at 16,379.
U.S. Economic Growth Remains Robust, No Matter How You Slice It: The U.S. economy grew 3.4% in the fourth quarter of 2023, up from previous GDP estimates ...
on.barrons.com/3vk89Z2
What Do We Owe Women for Child Care And Housework? $3.6 Trillion: Hello, I’m Claire Suddath, a senior writer on the Equality team, here to talk about how the US ...
bloomberg.com/news/newsletters/2024-03-28/what-do-we-owe-women-for-child-care-and-housework-3-6-trillion
JPY USD: What to Know About Japan Policy Language on Yen and Intervention: The yen is within striking distance of a three-decade low against the dollar after a ...
bloomberg.com/news/articles/2024-03-25/a-trader-s-guide-to-japanese-policymakers-language-on-the-yen
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Nvidia Catapults Emerging-Markets Stock Picker to Top Spot and Irks Rivals: Lewis Kaufman is, depending on who you ask, a phony or a genius.
bloomberg.com/news/articles/2024-03-27/nvidia-catapults-emerging-markets-stock-picker-to-top-spot-and-irks-rivals
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Top Resume Mistakes To Avoid When Applying To Jobs: The average CV has doubled to two pages in recent years with applicants adding more ambiguous keywords.
bloomberg.com/news/articles/2024-03-28/top-resume-mistakes-to-avoid-when-applying-to-jobs
Closing Gender Pay Gap Will Take a Rethink of Senior Roles, WGEA Says: Australian employers need to rethink what it takes to be a senior leader in order to ...
bloomberg.com/news/articles/2024-03-26/closing-gender-pay-gap-will-take-a-rethink-of-senior-roles-wgea-says
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Dutch Invest €2.5 Billion in Eindhoven Area to Keep ASML on Side: The Dutch government will spend €2.5 billion ($2.7 billion) on infrastructure and education ...
bloomberg.com/news/articles/2024-03-28/dutch-invest-2-5-billion-in-eindhoven-area-to-keep-asml-on-side
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Stock Market Today: Dow, S&P Live Updates for March 29: Equity markets in Asia look set to open higher Friday after a stellar quarter for US stocks ended on a ...
bloomberg.com/news/articles/2024-03-28/asia-stocks-to-open-higher-after-us-notches-gains-markets-wrap
Wall Street on Edge With Momentum Trade Wrapping Up Historic Quarter: The simplest stock strategy on Wall Street — beloved by the smartest minds in finance and ...
bloomberg.com/news/articles/2024-03-28/wall-street-on-edge-as-momentum-trade-wraps-up-historic-quarter
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‘Wirecutter’ Best Wok Pick Shows Perils of Internet Fame: E-commerce promises massive scale for people selling things online. That’s not always good.
bloomberg.com/news/articles/2024-03-28/-wirecutter-best-wok-pick-shows-perils-of-internet-fame
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Daniel Kahneman Says Noise Is Wrecking Your Judgment. Here’s Why, and What to Do About It.
on.barrons.com/3ISm4bT
Cocoa Price Rises Drive Market Close to Breaking Point: The global cocoa market is buckling under the strain of unprecedented shortages.
bloomberg.com/news/articles/2024-03-28/cocoa-price-rises-drive-market-close-to-breaking-point
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US Race Data to Include New Middle Eastern, Hispanic Categories: The moves are the first changes in a quarter century.
bloomberg.com/news/articles/2024-03-28/us-race-data-to-include-new-middle-eastern-hispanic-categories
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Altice France Rating Cut by S&P After Moody’s Downgrade: S&P Global Ratings lowered Altice France SA’s credit rating, adding further pressure on the ...
bloomberg.com/news/articles/2024-03-28/altice-france-rating-cut-by-s-p-after-moody-s-downgrade
Switzerland Was Correct to Lower Interest Rates, IMF Says: Switzerland’s surprise reduction in borrowing costs last week was appropriate as consumer-price growth ...
bloomberg.com/news/articles/2024-03-28/switzerland-was-correct-to-lower-interest-rates-imf-says
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US Logistics to Absorb Bridge Shock — For Now: I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the economic implications of the ...
bloomberg.com/news/newsletters/2024-03-27/us-logistics-to-absorb-bridge-shock-for-now
Chinese smartphone giant Xiaomi is taking on Tesla’s Model 3 with a cheaper EV: The SU7 series starts out $4,000 less than Tesla's popular electric compact
qz.com/china-xiaomi-su7-electric-vehicle-tesla-model-3-apple-1851371492
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US Pending Home Sales Bounce Back in February 2024: Pending sales of previously-owned homes in the US recovered last month after declining at the start of the ...
bloomberg.com/news/articles/2024-03-28/us-pending-home-sales-bounce-back-after-slumping-in-january
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US Consumer Sentiment Jumps to Highest Level Since July 2021: US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains ...
bloomberg.com/news/articles/2024-03-28/us-consumer-sentiment-jumps-to-highest-level-since-july-2021
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Bitcoin ETFs Are Making Tax Time More Difficult. How to Navigate the Confusion.: Bitcoin ETFs have contributed to confusion about how to report Bitcoin on your ...
barrons.com/articles/bitcoin-etfs-taxes-3ff72d50
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Canadian school boards sue social media giants for over $4 bln in damages: Four Canadian school boards have sought more than $4 billion in damages from social ...
reuters.com/technology/canadian-school-boards-sue-social-media-giants-over-4-bln-damages-2024-03-28/
Quick Glance: Ontario School Boards Sue Social Media Giants
- Four of Ontario’s largest school boards are suing the parent companies of Facebook, Instagram, Snapchat, and TikTok, alleging disruptions to student learning and contributions to a mental health crisis.
- The lawsuits claim that the social media platforms are negligently designed for compulsive use and have rewired children's thinking, behavior, and learning, causing strains on school boards' resources.
- The boards seek damages exceeding $4 billion for the impact on student programming and services. They accuse the platforms of facilitating child abuse, amplifying harmful content, and refusing to remove threats.
- Schools have invested resources in addressing cyberbullying, misinformation, and risky behavior encouraged by social media, as well as monitoring and responding to threats, conflicts, and decreased instructional time.
Potent Cannabis Strain Legalized in Malawi for Medicinal Use: Malawian legislators legalized the cultivation of a highly potent local variety of cannabis for ...
bloomberg.com/news/articles/2024-03-28/potent-cannabis-strain-legalized-in-malawi-for-medicinal-use
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US Buys 2.8 Million Barrels of Oil as It Fills Strategic Petroleum Reserve: The US purchased 2.8 million barrels of crude for the nation’s emergency oil cache as ...
bloomberg.com/news/articles/2024-03-28/us-buys-2-8-million-barrels-of-oil-as-it-fills-strategic-reserve
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Wedbush cuts its Tesla price target as it says the EV maker has had a 'nightmare' first quarter and investors are losing patience
trib.al/4zviy7a
Elon Musk's favors from China leave him exposed: NYT: The Tesla chief's relationship with China, where the EV company has a massive plant ...
businessinsider.com/elon-musk-china-favors-leave-him-exposed-nyt-2024-3
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Quick Glance: Elon Musk's Directive to Implement Full Self-Driving Beta in Every New Tesla Delivery
- Elon Musk has instructed Tesla employees to install and demonstrate Full Self-Driving Beta for all customers receiving a delivery in North America.
- Tesla is committed to enhancing the system continuously, aiming to eliminate the need for driver attention and achieve true autonomous driving.
- In a move to increase customer acceptance, Elon Musk directed Tesla employees this morning to install the FSD Beta software on all newly delivered vehicles and provide brief test drives to the new buyers.
- Requiring a test drive with each new delivery is expected to significantly increase the workload at Tesla stores and delivery centers, a requirement Musk emphasizes as crucial.
Week Ahead for FX, Bonds: U.S. Jobs Data Return to the Spotlight: U.S. monthly jobs data return to the spotlight as investors expect the Federal Reserve will ...
on.wsj.com/4az3AbY
Daniel Kahneman, Nobel-Winning Psychologist Who Upended Economics, Dies at 90: Daniel Kahneman, a psychologist whose work casting doubt on the rationality of ...
bloomberg.com/news/articles/2024-03-27/daniel-kahneman-psychologist-who-upended-economics-dies-at-90
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Quick Glance: Daniel Kahneman, Pioneer of Behavioral Economics, Dies at 90
- Daniel Kahneman, an Israeli American psychologist and best-selling author, passed away at the age of 90. His award-winning research revolutionized economics and various fields by showcasing how people often abandon logical thinking and jump to hasty conclusions.
- Dr. Kahneman's research debunked the concept of 'homo economicus' and revealed that individuals frequently resort to intellectual shortcuts that lead to misguided decisions.
- He coined the term 'thinking, fast and slow' and illustrated how people are often overly confident, placing excessive faith in their intuitions.
- Kahneman and his colleague Tversky pioneered behavioral economics, applying psychological insights to economic decision-making and influencing behavior in diverse sectors.
Foreign Turkey Stock Bears Cut Back on ETF Short Positions: Foreign investors have been cutting down their bets against Turkish stocks, with short positions on ...
bloomberg.com/news/articles/2024-03-28/foreign-turkey-stock-bears-cut-back-on-etf-short-positions
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EM Currencies Miss Reform-Led Emerging-Market Rally as Stocks, Dollar Bonds Gain: Emerging markets are closing the first quarter brimming with turnaround stories ...
bloomberg.com/news/articles/2024-03-28/em-currencies-miss-reform-led-emerging-market-rally-as-stocks-dollar-bonds-gain
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A Leading ‘Quant’ Investor on Value Investing, Private Credit, and Market Risks: Cliff Asness, CIO of AQR Capital Management, is on a winning streak after ...
barrons.com/articles/quant-investor-value-investing-private-credit-market-risks-4e0bcdd5
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China Vanke Profit Tumbles 46%, Vows to Cut Debt By $14 Billion: China Vanke Co.’s profit tumbled more than analysts expected last year and it vowed to slash ...
bloomberg.com/news/articles/2024-03-28/china-vanke-profit-tumbles-46-vows-to-cut-debt-by-14-billion
Xiaomi: The Chinese smartphone giant taking on Tesla: Xiaomi's entry into the electric car market comes as a price war has been intensifying.
bbc.com/news/business-68672192
Pan-African Group Plans Instant-Payment Systems for 15 Nations: A pan-African group backed by the Bill & Melinda Gates Foundation and the Rockefeller ...
bloomberg.com/news/articles/2024-03-28/pan-african-group-plans-instant-payment-systems-for-15-nations
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Rebuilding Baltimore’s Key Bridge will likely take years, experts say: The original construction took five years and cost $316 million in today’s dollars.
washingtonpost.com/dc-md-va/2024/03/27/baltimore-key-bridge-rebuild-timeline/
Quick Glance: Tragedy in Baltimore: Fatal Bridge Collapse and Intensive Investigations
- A cargo ship that lost control and crashed into a bridge in Baltimore had previously undergone engine maintenance in the port, according to the US Coast Guard. Divers retrieved the bodies of two of the six workers who fell into the water, while the search for the others was deemed unsuccessful.
- Investigators commenced gathering evidence from the cargo ship involved in striking the Francis Scott Key Bridge. The victims were from Mexico, Guatemala, Honduras, and El Salvador, with authorities suspecting that the other vehicles with victims were trapped.
China Engineering Ready to Export Desert Mega-Bases to the World: China’s top engineering firm for energy projects says it’s ready to pitch the concept of desert ...
bloomberg.com/news/articles/2024-03-27/china-engineering-ready-to-export-desert-mega-bases-to-the-world
Why the Bond Market Is Closing Early Today: In observance of Good Friday, a religious holiday observed on the Friday before Easter, U.S ...
barrons.com/articles/bond-market-hours-open-close-today-e916d8ad
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Forget Apple and Tesla: Maybe the 'Magnificent Seven' tech stocks should be the 'Fabulous Five'
qz.com/apple-tesla-magnificent-seven-stocks-1851372803
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Is no news really good news? Just ask Mark Zuckerberg: There are some other things Meta could ban instead of news
theguardian.com/commentisfree/picture/2024/mar/28/is-no-news-really-good-news-just-ask-mark-zuckerberg
Trump evokes more anger and fear from Democrats than Biden does from Republicans, AP-NORC poll shows
bostonherald.com/2024/03/27/trump-evokes-more-anger-and-fear-from-democrats-than-biden-does-from-republicans-ap-norc-poll-shows/
Baltimore Union Fears Loss of 2,400 Jobs After Bridge Collapse: The Baltimore bridge collapse is poised to leave thousands without work and there’s no firm plan ...
bloomberg.com/news/articles/2024-03-27/baltimore-union-fears-loss-of-2-400-jobs-after-bridge-collapse
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Tesla starts using ‘Supervised Full Self-Driving’ language: Tesla and Elon Musk have started using the term “Supervised Full Self-Driving” when discussing their ...
electrek.co/2024/03/28/tesla-supervised-full-self-driving-language/
US Homebuyers Expecting $10,000 Savings Face Tough Reality: Consumers expecting big savings from a National Association of Realtors’ class-action settlement over ...
bloomberg.com/news/articles/2024-03-24/us-homebuyers-expecting-10-000-savings-face-tough-reality
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Americans love Tesla wall chargers – and charging at home – study: Charging at home is the most satisfying part of owning an EV, and Tesla's wall-mounted ...
electrek.co/2024/03/27/americans-love-tesla-wall-chargers-and-charging-at-home-study/
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World’s first mass-produced 900V EV drive system rolls out with 5 minute fast charge
electrek.co/2024/03/27/worlds-first-mass-produced-900v-ev-drive-system-rolls-out/
Japan Really Wants to Build Airplanes, $33 Billion Project Shows: Japan’s trade ministry wants to get the country’s aviation ambitions back up in the air.
bloomberg.com/news/articles/2024-03-27/japan-really-wants-to-build-airplanes-33-billion-project-shows
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Work-Life Balance Replaces Hustle Culture: The live-to-work ethic has flipped. Now people want work-life balance and that’s transforming not just workplaces but ...
bloomberg.com/news/articles/2024-03-27/work-life-balance-replaces-hustle-culture
Tesla's (TSLA) New Unboxed Manufacturing Process Aims to Cut Costs 50%: A new ‘unboxed’ production system could slash costs in half — if the EV maker can ...
bloomberg.com/news/articles/2024-03-28/tesla-s-tsla-new-unboxed-manufacturing-process-aims-to-cut-costs-50
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The Bullish Case for Commodities: If inflation is here to stay, resources are one of the few reliable hedges.
bloomberg.com/news/newsletters/2024-03-27/the-bullish-case-for-commodities
Tankers Haul More Russian Diesel to Brazil Where There’s a Glut: Tankers laden with millions of barrels of Russian diesel are floating off the coast of Brazil — ...
bloomberg.com/news/articles/2024-03-27/tankers-haul-more-russian-diesel-to-brazil-where-there-s-a-glut
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ECB Has Room to Cut Swiftly Despite Wage Rebound, Cipollone Says: The European Central Bank may be able to lower interest rates “swiftly” even as workers receive ...
bloomberg.com/news/articles/2024-03-27/ecb-has-room-to-cut-swiftly-despite-wage-rebound-cipollone-says
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Tesla stock price could crash 33%, few upside catalysts in outlook: Bernstein: Bernstein cut Tesla's target price to $120 from $150, citing how expensive the ...
markets.businessinsider.com/news/stocks/tesla-stock-price-crash-target-forecast-outlook-expensive-growth-bernstein-2024-3
Wage-Cost Savings Cited as Main Reason to Automate in CFO Survey: Companies are adopting automation to replace labor as they seek to reduce costs ...
bloomberg.com/news/articles/2024-03-27/wage-cost-savings-cited-as-main-reason-to-automate-in-cfo-survey
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Emerging Markets Fall With Caution on US Inflation, Yuan Policy: Emerging market stocks and currencies fell on uncertainty over the pace of Federal Reserve rate ...
bloomberg.com/news/articles/2024-03-27/emerging-markets-fall-with-caution-on-us-inflation-yuan-policy
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Bond Managers Unwind Bullish Futures Bets to Lowest Since July: Asset managers kept unwinding bullish Treasury futures bets ahead of the Federal Reserve’s most ...
bloomberg.com/news/articles/2024-03-26/bond-managers-unwind-bullish-futures-bets-to-lowest-since-july
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Junk Bond Sales in Sterling Surge at Fastest Pace Since 2021: Junk bond sales in sterling have climbed to the highest in years as signs of a UK economic rebound ...
bloomberg.com/news/articles/2024-03-27/junk-bond-sales-in-sterling-surge-at-fastest-pace-since-2021
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Big Tech is swallowing up AI: Antitrust regulators are coming after tech giants. That hasn't stopped Apple, Amazon, and Microsoft from buying, investing in ...
qz.com/microsoft-apple-google-ai-consolidation-antitrust-scr-1851370263
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Chinese Stocks Erase March Gains as Policy-Driven Rally Falters: Chinese stocks erased their gains for March as earnings disappointments eroded optimism around a ...
bloomberg.com/news/articles/2024-03-27/chinese-stocks-erase-march-gains-as-policy-driven-rally-falters
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Tomato Puree Rated Poorly: Woman in Nigeria Faces Jail Over Online Review: A Nigerian woman doesn't like a can of pureed tomatoes and she vents her anger at the ...
n-tv.de/panorama/Frau-in-Nigeria-droht-Gefaengnis-wegen-Online-Rezension-article24838756.html
Rising Minimum Wage Risks Stoking Inflation, Says CBI Chief: More companies than ever are worried about the consequences of Britain’s rising minimum wage ...
bloomberg.com/news/articles/2024-03-27/rising-minimum-wage-risks-stoking-inflation-says-cbi-chief
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Antiabortion Disinformation Ads Ran Rampant on Facebook and Instagram: Hundreds of antiabortion ads on Meta’s platforms have been disseminated all over the world ...
wired.com/story/facebook-instagram-anti-abortion-ads-disinformation/
China’s BRI Funding to SE Asia Falls Short by Over $50 Billion: China’s been able to deliver on only a little over a third of its infrastructure spending ...
bloomberg.com/news/articles/2024-03-27/china-s-bri-funding-to-se-asia-falls-short-by-over-50-billion
Banks' Massive Debt Splurge Brings Its Own Looming Dangers: Covered bonds have been a favorite way for lenders to get money as they repay giant Covid loans ...
bloomberg.com/news/articles/2024-03-27/banks-massive-debt-splurge-brings-its-own-looming-dangers
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Swiss Weigh Boosting VAT, Raising Contributions to Fund Pensions: Switzerland’s government is considering increasing mandatory contributions deducted from wages ...
bloomberg.com/news/articles/2024-03-27/swiss-weigh-boosting-vat-raising-contributions-to-fund-pensions
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Resigned teammate shows compassion after trans woman's darts victory: The Dutch women's darts team is being watched internationally after the victory of Noa-Lynn ...
focus.de/panorama/welt/umstrittener-sieg-nach-darts-sieg-von-transfrau-zeigt-teamkollegin-mitgefuehl-wuensche-ich-niemandem_id_259805082.html
Aluminum Falls as Metals Rally Runs Ahead of Demand Recovery: Aluminum fell with other industrial metals, as the recent rally in prices runs into a lack of ...
bloomberg.com/news/articles/2024-03-27/aluminum-falls-as-metals-rally-runs-ahead-of-demand-recovery
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China 'Very Close' to Ending Australia Wine Tariffs, Business Lobby Chief Says
bloomberg.com/news/articles/2024-03-27/china-close-to-ending-australia-wine-tariff-business-chief-says
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How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla: Warren Buffett-backed BYD recently became the world’s top EV maker ...
cnbc.com/2024/03/26/how-byd-grew-from-a-battery-maker-to-ev-juggernaut-overtaking-tesla.html
Meta is failing to curb anti-trans hate, new report says: In the report, GLAAD catalogued dozens of anti-trans posts, many by high-profile influencers and media ...
washingtonpost.com/technology/2024/03/27/meta-glaad-report-released/
Meta employee calls out company for limiting staff’s free speech: The employee calls Meta’s policy on workplace conversations “toxic.”
thestreet.com/employment/meta-employee-calls-out-company-for-limiting-staffs-free-speech
First drive in Tesla’s new Cybertruck: it’s like a visit from outer space: This stainless steel tank with its flat panels and almost sharp edges looks like a ...
irishtimes.com/motors/2024/03/27/first-drive-in-teslas-new-cybertruck-its-like-a-visit-from-outer-space/
Brad Gerstner Buys Tesla Stock After 'ChatGPT Moment' With Latest FSD Release: 'Feels Like A Human Drivin
benzinga.com/trading-ideas/long-ideas/24/03/37970987/hedge-fund-manager-buys-tesla-stock-after-chatgpt-moment-with-latest-full-self-driving-r
Google Chrome update to bring speed boost to affordable Galaxy phones: Have you ever found yourself in a situation where you have opened many tabs in Google ...
sammobile.com/news/google-chrome-android-tab-declutter/
Billionaire Brothers to Join Brazil Meat Firm JBS Board After Corruption Scandal: Brazilian billionaire brothers Joesley and Wesley Batista were named to the ...
bloomberg.com/news/articles/2024-03-27/jbs-says-batista-brothers-are-set-to-return-to-meat-empire-board
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Americans Are Flocking to Convenience Stores: Wawa, Casey’s, 7-Eleven, and more: With fresh food and fancy drinks, it’s a golden age for c-stores and their ...
barrons.com/articles/wawa-caseys-7-eleven-convenience-stores-retail-stocks-be0b89e2
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