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Senate Review: Amazon Prime Day Causes Warehouse Worker Injuries
NEW YORK (AP) — Amazon’s popular Prime Day sales event has been “a major cause of injuries” for warehouse workers who pick and pack customer orders at the e-commerce giant’s facilities across the United States, according to a report released Tuesday by Sen. Bernie Sanders. The report, which draws information from a year-long Senate committee investigation into Amazon's safety practices and relied on internal company data from 2019 and 2020, said peak shopping times – including the holiday shopping period – resulted in the “highest weekly injury rates” for warehouse workers. The preliminary report complied by the Senate Health, Education, Labor and...
Microsoft Faces UK Competition Investigation Over AI Startup Hiring
LONDON (AP) — British regulators opened a preliminary investigation on Tuesday into Microsoft’s hiring of an AI startup’s key staff over concerns that it could thwart competition in the booming artificial intelligence market. The Competition and Markets Authority said its review of the hirings from Inflection AI, including its co-founder and CEO Mustafa Suleyman, turned up “sufficient information” to open an investigation. Microsoft hired Suleyman to head up its consumer artificial intelligence business earlier this year, and brought over several top engineers and researchers. Suleyman co-founded the AI research lab DeepMind, which is now owned by Google, before setting up Inflection and...
Perjury Charges Could Face Man Who Falsely Claimed to Invent Bitcoin
LONDON (AP) — An Australian computer scientist found to have falsely claimed to be the mysterious creator of the bitcoin cryptocurrency will be referred to British prosecutors for “wholescale perjury and forgery of documents,” a London judge said Tuesday. Judge James Mellor, who ruled after a civil trial in March that Craig Wright was not the man behind “Satoshi Nakamoto,” the pseudonym that has masked the creator of bitcoin's identity, said he will refer evidence from the case to the Crown Prosecution Service to consider whether to bring charges. “In advancing his false claim to be Satoshi through multiple legal actions, Dr....
Retail Sales Steady in June from May, Showing Shoppers’ Resilience
NEW YORK (AP) — Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy. Retail sales were unchanged in June from May, after being revised upward to a 0.3% increase in May, according to the Commerce Department. Last month, April sales were revised downward — a 0.2% decline, from unchanged. Sales rose 0.6% in March and 0.9% in February. That comes after sales fell 1.1% in January, dragged down in part by inclement weather. Sales at gas stations and auto dealerships weighed down the figure. Excluding gas...
Celebrities and Influencers are Getting $2,000 MRI Scans. Should You?
WASHINGTON (AP) — What if there was a way to peer into your body and spot early signs of cancer and other life-threatening ailments before they became serious? That’s the pitch from a new cluster of companies selling high-tech scans to healthy people interested in learning more about their wellness. These whole-body MRI scans aren’t cheap. Startup companies like Prenuvo charge between $1,000 to $2,500 for various scanning options, none of which are currently covered by insurance. Proponents say consumer-driven medical scans are the next logical step in preventive medicine. The industry has received a big publicity push from celebrities and influencers like...
OpenAI Whistleblowers ask SEC to Investigate the company’s NDAs
NEW YORK (AP) — OpenAI whistleblowers have filed a complaint with the Securities and Exchange Commission and asked the agency to investigate whether the ChatGPT maker illegally restricted workers from speaking out about the risks of its artificial intelligence technology. A letter to SEC Chair Gary Gensler representing “one or more anonymous and confidential” whistleblowers asks the agency to swiftly and aggressively enforce its rules against non-disclosure agreements that discourage employees or investors from raising concerns with regulators. The July 1 letter references a formal whistleblower complaint recently filed with the SEC. The Washington Post was the first to report on the...
Powell says Fed is More Confident Inflation is Slowing
WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We've had three better readings, and if you average them, that's a pretty good pace," Powell said of inflation in a question-and-answer question at the Economic Club of Washington. Those figures, he said, “do add to confidence” that inflation is slowing sustainably. Powell declined to provide any hints of when the first rate cut would occur. But most economists and...
Amazon Prime Day Deals Start July 16
NEW YORK (AP) — It’s summertime, and the bargains seem easy at a time when many consumer prices are high. July sales events have become a seasonal revenue driver for the retail industry since Amazon launched its first Prime Day back in 2015. While consumers may be enticed by the advertised can't-miss savings on some products, personal finance experts say shoppers should be careful not to fall for potentially misleading marketing or give in to impulse buys. Amazon has drummed up expectations in recent weeks for its 10th Prime Day event , which will be held on Tuesday and Wednesday and is...
Trump Media Shares Surge After Assassination Attempt
Trump Media surged in the first day of trading following an assassination attempt on former President Donald Trump. Also on Monday, a federal judge presiding over Trump's classified documents trial in Florida dismissed the case because of her concerns over the appointment of the special prosecutor who brought the case. Shares in the owner of social networking site Truth Social soared more than 35% in early trading. The U.S. Secret Service is investigating how a gunman armed with an AR-style rifle was able to get on a nearby roof and shoot and injure the former president at a rally Saturday in Pennsylvania. The gunman,...
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