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Global stocks tick up and bond yields dip after sell-off
Global stocks tick up and bond yields dip after sell-off
By Harry Robertson and Julie Zhu LONDON/HONG KONG Global stocks inched higher on Wednesday as investors found a
2023-09-27 17:57
Riverwood Capital Raises $1.8 Billion for Global Technology Fund
Riverwood Capital Raises $1.8 Billion for Global Technology Fund
Riverwood Capital, which invests in high-growth technology companies, closed $1.8 billion in new commitments in the largest fundraising
2023-11-20 20:23
'Godfather of AI' urges governments to face dangers
'Godfather of AI' urges governments to face dangers
Geoffrey Hinton, one of the so-called "godfathers" of artificial intelligence, urged governments on Wednesday to step in and make sure that machines do...
2023-06-29 07:15
Kroger settles opioid case, posts net loss on related charge
Kroger settles opioid case, posts net loss on related charge
(Reuters) -Kroger reported a quarterly net loss on Friday as the U.S. retailer took a $1.4 billion charge related to
2023-09-08 20:15
US lawyer sorry after ChatGPT creates 'bogus' cases
US lawyer sorry after ChatGPT creates 'bogus' cases
What happened when a US lawyer used ChatGPT to prepare a court filing? The artificial intelligence program invented fake cases and rulings...
2023-06-09 01:16
Amazon announces new data center chip as Microsoft rivalry intensifies
Amazon announces new data center chip as Microsoft rivalry intensifies
Amazon.com on Tuesday introduced its newest data center chip for its cloud computing service as competition with Microsoft
2023-11-29 00:56
US rate cut not seen until Q4 2024 due to strong GDP growth -Goldman economists
US rate cut not seen until Q4 2024 due to strong GDP growth -Goldman economists
By Lewis Krauskopf NEW YORK The U.S. Federal Reserve will hold off cutting rates until the fourth-quarter of
2023-11-14 05:23
New York Times under fire for including ‘death’ on list of six ways to cancel student debt
New York Times under fire for including ‘death’ on list of six ways to cancel student debt
The New York Times has been roasted on social media for listing “death” as a means to escape crippling student loans, after the Supreme Court struck down the Biden administration’s plan to cancel debt for millions of Americans. In an article soon after the Supreme Court’s ruling was released on Friday, the Times explained six ways “to get your student debt wiped away”. The suggestions included making an income-driven repayment, appealing for public service loan forgiveness, and bankruptcy and disability discharges. Under a subhead “death”, the Times wrote: “This is not something that most people would choose as a solution to their debt burden”. It went on to explain that federal student loan debt “dies with the person or people who take it on”. The macabre phrasing drew a swift backlash on social media. “That's a little dark, NYT,” writer Parker Molloy tweeted. “We’ve reached the point where The New York Times is suggesting death as a viable solution to crushing student debt,” wrote former Secretary of Labor Robert Reich. “I’ll try it out and tell u guys how it went,” another posted. The article was later revised, with the “death” subhead being changed to “debt won’t carry on”. The Times did not respond to a request for comment by The Independent. In a 6-3 decision, the Supreme Court ruled that the Biden administration had overstepped its authority in implementing a sweeping $400bn student debt relief plan. The decision means an estimated 43 million Americans will be back on the hook for student loan repayments later this year. In a press conference on Friday, President Joe Biden insisted the fight was not over, and promised a “new path” for relief that would be legally sound. He has tasked Secretary of Education Miguel Cardona with coming up with a new forgiveness plan that was consistent with the Supreme Court’s ruling. Read More Supreme Court strikes down Biden’s plan to cancel student loan debts Biden reveals ‘new path’ to student debt relief after Supreme Court strikes down president’s plan An Area 51 blogger was raided at gunpoint by federal agents. He says the US Government is trying to silence him Trump makes brash Georgia 2020 case prediction as DoJ ‘prepares new charges’ – live Biden reveals ‘new path’ to student debt relief Army combat veteran to take over key election security role working with state, local officials
2023-07-01 05:26
China companies' fundraising options narrow after IPO restrictions
China companies' fundraising options narrow after IPO restrictions
By Samuel Shen and Kane Wu SHANGHAI/HONG KONG China's surprise move to slow the pace of mainland initial
2023-08-29 17:27
Sea Plunges 22% After Unexpected Loss From Rising Competition
Sea Plunges 22% After Unexpected Loss From Rising Competition
Sea Ltd. plummeted after reporting a surprise loss in the third quarter, hit by intensifying competition from Alibaba
2023-11-15 08:59
US Continuing Jobless Claims Rise for Seventh Straight Week
US Continuing Jobless Claims Rise for Seventh Straight Week
Recurring applications for US unemployment benefits rose for a seventh straight week, adding to evidence that the labor
2023-11-09 22:21
Mexican inflation continues downward trend in June
Mexican inflation continues downward trend in June
MEXICO CITY Mexico's annual inflation rate decelerated in June for a fifth consecutive month to 5.06%, data from
2023-07-07 20:48