Twitter CEO Elon Musk has announced that he’s forming a new artificial intelligence company called xAI. Musk made the announcement in a brief tweet on Wednesday, in which he did not elaborate on the details of the new venture except to say that its aim is to “understand reality.” The Twitter chief also shared a…
Hollywood Actors Agree to Mediation, but Strike May Be Unavoidable
July 12, 2023
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LOS ANGELES—Unionized Hollywood actors on the verge of a strike have agreed to allow a last-minute intervention from federal mediators but say they doubt a deal will be reached by a negotiation deadline late Wednesday. “We are committed to the negotiating process and will explore and exhaust every possible opportunity to make a deal, however…
Luxury Automaker Packard Motors Sponsors Miss NTD Beauty Pageant
July 12, 2023
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Packard Motors, the historic luxury automaker, is sponsoring the Miss New Tang Dynasty (NTD) Global Chinese Beauty Pageant, highlighting shared values between the company and the pageant. “Packard comes across as that American gentleman, that American lady with respect, with focus on good, truthful, and righteous values,” Packard Motor Company owner Scott Andrews told NTD…
Dylan Mulvaney Leaves Country While Former Anheuser-Busch Executive Slams Company CEO
Transgender activist Dylan Mulvaney has left the United States alleging safety concerns for an undisclosed period of time while the Bud Light boycott continues amid sharp criticism regarding the CEO’s decision following the public backlash. Mr. Mulvaney was in Peru, according to a recent social media post. “The people here are so kind. I feel…
27 Percent of Jobs at High Risk From AI Revolution, Says OECD
PARIS—More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday. The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly wealthy nations but…
Major Insurance Company Pulls Out of Florida
Farmers Insurance said it will stop offering its policies in Florida, including for home and car insurance, in a change that will force tens of thousands of people to switch to a different insurance company. In a statement, Farmers Insurance said it made the decision to manage its exposure to risk in Florida, a state…
Major Insurance Company Suddenly Pulls Out of Florida
Farmers Insurance said it will stop offering its policies in Florida, including for home and car insurance, in a change that will force tens of thousands of people to switch to a different insurance company. In a statement, Farmers Insurance said it made the decision to manage its exposure to risk in Florida, a state…
Owners of Some 2003 Ram Pickups Urged to Not Drive Them After Another Takata Air Bag Inflator Death
Stellanis is urging owners of unrepaired 2003 Dodge Ram 1500 pickups to stop driving the vehicles immediately until they are serviced, following another rupture fatality involving a defective Takata airbag inflator. The incident in May is the first reported for the model involving a Takata passenger-side bag, the National Highway Traffic Safety Administration (NHTSA) said…
Disney Expands Financial Plan to Grow Theme Parks in California Amid Feud with Florida Governor Ron DeSantis
July 12, 2023
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The Walt Disney Company is expanding its financial plans to renovate and redevelop its California theme parks amid Disney’s CEO Bob Iger’s feud with Florida Governor Ron DeSantis. The move comes after Iger in May aborted plans to build a $900 million office campus that would have seen 2,000 employees relocated from California to Central Florida. Disney’s…
Bank of Canada Raises Key Interest Rate to 5% as Underlying Inflation Trend Remains Elevated
July 12, 2023
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OTTAWA—The Bank of Canada raised its overnight rate target by a quarter percentage point (25 basis points) to 5 percent on July 12 in response to more persistent excess demand in the economy and slowing downward momentum with inflation. “Canada’s economy has been stronger than expected,” the BoC said in a statement. The central bank…
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