Major corporations in the media, retail and technology sectors have conducted mass layoffs to trim costs as they invest in AI, and after bulking up workforces during the pandemic. High interest rates are also contributing to layoffs at tech companies, in particular. A number of companies across sectors kicked off 2024 by announcing they are slashing jobs on the heels …
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January, 2024
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29 January
Walmart says managers can now earn up to $400,000 a year — no college degree needed
Walmart said its store managers can now earn up to $400,000 annually, with the company announcing on Monday that it will give $20,000 in stock grants each year to Supercenter managers. “We ask our managers to own their roles and act like owners — and now, they’ll literally be owners,” said Walmart U.S. CEO John Furner in a video posted …
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29 January
X blocks searches for Taylor Swift after explicit deepfakes go viral
X has disabled Taylor Swift-related searches on its platform in an attempt to curb the spread of fake pornographic images in the likeness of the singer that began circulating on social media last week. Since last Sunday, searches for “Taylor Swift” on X have returned the error message, “Oops, something went wrong.” X blocked the search term after pledging to …
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29 January
What will happen to home prices if mortgage rates fall?
While the Federal Reserve wants to see inflation heading toward 2.0%, December 2023 brought an increase of 0.3%, moving the Consumer Price Index (CPI) up to 3.4%. Still, many expect the federal funds rate to stay at 5.33% this month and decrease later this year. But what will that mean for the housing market overall – and prices, in general? …
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29 January
Will mortgage rates fall after this weeks Fed meeting?
After keeping rates paused since last summer, all eyes will turn to the Federal Reserve this week as they meet for the first time in 2024. On the agenda will be the future of the benchmark interest rate range, which currently sits between 5.25% and 5.50% —the highest it’s been in decades. The Fed had been consistently raising that rate …
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29 January
Is the Apple savings account worth opening in 2024?
Last spring, amid high (and rising) interest rates, many people turned to savings accounts to help buffer higher borrowing costs. By opening a certificate of deposit (CD) or high-yield savings account, you were likely to earn many times more interest than you would have by simply leaving your money in a regular savings account, the latter of which still comes …
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29 January
What is a long-term care insurance benefit period?
Medical innovation is an incredible thing. Thanks to recent advancements on the medical stage, people around the world are living longer now than ever before, according to the World Health Organization. That’s great news, but it does pose some challenges. One of the most significant challenges posed by living longer is an increased risk of needing long-term care later in …
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29 January
E. Jean Carroll on jurys $83 million Trump ruling: "They said enough"
E. Jean Carroll, a writer who accused former President Donald Trump of sexual assault and was awarded $83.3 million in damages on Friday for defamatory statements, says she believes the jury was sending a message with their verdict. “I think they said ‘enough,'” Carroll said in an interview on “CBS Mornings” on Monday. “Enough saying horrible, slimy, terrible things about …
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29 January
Robert F. Kennedy Jr. mulls running for president as Libertarian as he struggles with ballot access
Robert F. Kennedy Jr. says he is looking into running for president as a Libertarian, since he still faces significant hurdles in gaining ballot access in the vast majority of states as an independent candidate. “That’s something that we’re looking at,” he told CNN’s Michael Smerconish Monday, in response to a question about whether he’d consider a Libertarian bid. “We …
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29 January
White House Medical Unit gave controlled substances to ineligible staff, watchdog finds
A Pentagon watchdog found a slew of problems with the White House Medical Unit that took place during the Trump administration, including that the unit provided controlled substances to ineligible White House staff. A new report from the Department of Defense inspector general found the military-run White House Medical Unit provided a wide range of health care and pharmaceutical services …
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