22% surge
Target, Walmart shoppers seek home goods, grocery delivery online
U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump.
Alabama
UAW’s influence tested in pivotal Alabama Mercedes-Benz factory union vote
The outcome of a vote on Friday by workers at a Mercedes-Benz factory in Alabama will be a key referendum on whether the UAW can maintain momentum in the historically anti-union South.
AI components
Dow Eclipses 40,000 For First Time Ever In The Stock Market
The Dow Jones Industrial Average hit the 40,000 point threshold for the first time ever on Thursday as investors on Wall Street were feeling timid over the idea of interest rate cuts.
alameda research
FTX Says Some Crypto Customers Could Get Their Money Back, But No Gains From Price Increases
If a judge accepts the company’s bankruptcy plan, certain customers of the defunct cryptocurrency exchange FTX may be entitled to receive the full amount of money they lost.
Amazon
Peloton CEO Is Stepping Down, Fitness Company To Cut Workforce By 15%
Peloton’s Chief Executive Officer has officially stepped down from the role as the popular fitness company is planning to cut 15% of its global workforce.
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X Will Be Launching App For Smart TVs, ‘Similar To Youtube TV’
Elon Musk’s X (Twitter) will be releasing an app for smart TVs that is “identical” to what YouTube TV offers.
Abril Elfi
Wisconsin Supreme Court Declares Amazon Flex Drivers Are Considered Employees
The Wisconsin Supreme Court declared that Amazon Flex drivers are employees, not independent contractors, as the major online seller has contended in the past.
Amazon
After Oscars party, Hollywood faces a strike-slimmed movie slate
The movie industry celebrated “Oppenheimer” and other successes at the Oscars on Sunday.
AI system flaws
OpenAI introduces AI model that turns text into video
OpenAI is working on a software that can generate minute-long videos based on text prompts.
Amazon
iRobot Cutting 31% Of Workforce After Amazon Deal Falls Through
Roomba-maker iRobot has announced that the planned deal to be acquired by Amazon will not be completed, resulting in the company announcing they will be laying off 31% of its workforce.