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- Elon Musk Dethroned. Space Tourism. Newborn Great White Shark.
Elon Musk Dethroned. Space Tourism. Newborn Great White Shark.
Walmart Boosts Perks. AI Deepfake Scandal. MrBeast’s $250k Giveaway.
Stock markets. Monday sees minimal movement in stocks. Despite a week packed with crucial earnings reports, Federal Reserve updates, and noteworthy economic data, investors seem to be adopting a 'wait and see' approach. The most significant events are anticipated on Tuesday (earnings), Wednesday (Fed), Thursday (earnings once more), and Friday (employment).
Walmart Boosts Perks. In a move to retain and attract top talent in a competitive job market, Walmart is rolling out additional perks for its U.S. store managers. Starting with the new fiscal year, these managers will receive annual Walmart stock grants of up to $20,000. The nation's largest retailer is enhancing its efforts to keep its leadership team intact and to entice new leaders into its ranks.
Evergrande's Downfall. Hong Kong court has issued an order for the liquidation of Evergrande, China's embattled property giant holding a staggering $300 billion in debt. The decision comes after an exhaustive 18-month hearing where Evergrande failed to present a convincing restructuring plan despite seven extensions. While Evergrande can still appeal, this landmark decision underscores the severity of the financial challenges facing one of the world's most indebted property developers.
Elon Musk Dethroned. Elon Musk surrenders his title as the world's richest person to Bernard Arnault, the patriarch of LVMH. The shift in fortunes comes on the heels of a January rout in Tesla stock, marking a temporary setback for Musk's wealth.
Biden's Big Bet. President Biden is set to announce a substantial investment, running into billions, for the advancement of semiconductor technology. The push for progress in chip production is met with industry and lawmaker concerns about potential delays due to prolonged negotiations, permitting processes, and shortages in the workforce. The economic implications of this move are high stakes, with the hope of bolstering the nation's standing in the critical semiconductor sector.
Virgin Galactic's Milestone. Virgin Galactic's rocketplane completed its 11th sub-orbital spaceflight and sixth commercial mission, launching four space tourists to the edge of space and safely bringing them back. Piloted by veterans C.J. Sturckow and Nicola Pecile, the Unity spacecraft, carried aloft by the twin-fuselage ferry ship Eve, soared from New Mexico's Spaceport America. After reaching an altitude of 44,493 feet, the spaceplane initiated a supersonic near-vertical climb, marking another milestone for commercial space tourism.
Icon of the Seas. The Royal Caribbean International's colossal vessel, the Icon of the Seas, set sail from the Port of Miami. Spanning nearly 1,200 feet and weighing a staggering 250,800 metric tons, it's touted as the "biggest, baddest ship on the planet." However, the launch of this floating resort reignites environmental apprehensions surrounding the impact of cruise tourism.
Newborn Great White Debut Footage. A newborn great white shark has finally been captured on film. Filmmaker Carlos Gauna and a biology student managed to record the elusive moment several hundred meters off the coast of Santa Barbara, California.
The World Seen by Them. Ever wondered how the world appears through the eyes of animals? Scientists, diving into the realm of color vision, have crafted a camera system and software combo that unlocks the visual spectrum of creatures. From ultraviolet revelations to species-specific blues and greens, this innovative tool exposes the kaleidoscopic tapestry that animals witness.
‘Birthplace of Amazon’ for Sale at $2.28M. Jeff Bezos founded Amazon in the garage of this house in 1994. And now, with an interior decked out in sterile tones of corporate gray, the 1,540 sq ft rental bungalow at 10704 NE 28th St in Bellevue, Washington, is rather unremarkable and for sale.
Netflix vs AI. Netflix has added generative artificial intelligence (AI) to its list of competitive risk factors in its annual 10-K report filed with the SEC. The streaming giant recognizes the potential impact of new technological developments, particularly the use of generative AI, on its ability to compete effectively.
AI Deepfake Scandal: X Blocks Taylor Swift Searches. Explicit AI-generated images of the singer flooded various platforms, from Reddit to Facebook, before being swiftly taken down. The incident has reignited discussions about the urgent need for strengthened legislation surrounding the misuse of AI, particularly in cases of sexual harassment. As a result, X has implemented a ban on Swift-related searches and photo queries.
Schwarzenegger Drops Gym Wisdom. Arnold Schwarzenegger spills the beans on his most 'underrated' training tips, cultivated through six decades of pumping iron. His first golden rule? As reps drop, weights skyrocket. Make those last two reps sweat, but steer clear of failure. Embracing the gym as a personal laboratory, Schwarzenegger urges enthusiasts to experiment with weights and reps, emphasizing the importance of a positive mindset throughout the learning process. It's not just lifting; it's a science.
MrBeast’s $250k Giveaway. MrBeast responds to Elon Musk's challenge by showering his fortunate followers with a whopping $250,000 in cash (revenue from uploading the video to X, previously known as Twitter). However, he acknowledges that this staggering number might not be the norm for all creators. With transparency as his ally, he discloses that the attention-grabbing figures could be somewhat misleading.
Tax Filing Season Kicks Off. Get your documents in order because tax filing season is officially underway. The Internal Revenue Service (IRS) has opened its doors to accept and process 2023 federal tax returns, with a deadline set for April 15. Brace yourself for the annual financial ritual as nearly 130 million individual tax returns are expected to flood in over the next few months. The digital era takes the lead, with more than 93% of returns anticipated to be e-filed.
Consequences of Tinkering with Tipping Rules. A staggering 95% of restaurant owners in New York are sounding the alarm against a legislative push to eliminate the tip credit system, a survey by the NYC Hospitality Alliance reveals. This system allows owners to pay wait staff below minimum wage if they earn tips. Concerns are mounting among proprietors, with fears that such changes could trigger menu price hikes, staff layoffs, and even jeopardize the very existence of their businesses. But still... Is 25% tip for a to-go espresso okay?
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