Category Archives: Business

Business

There are more people older than 65 than younger than 5 for the first time – here’s how that’s changing the world

There are more people older than 65 than younger than 5 for the first time – here’s how that’s changing the world

Koki Nagahama/Getty Images The world’s population is aging while many countries’ birth rates fail to keep up. There are now more people over the age of 65 than there are under the age of five – a dispersion that’s never occurred before, according to Deutsche Bank. The data point is part of a broader trend with…

Southwest has blamed an ‘unprecedented’ number of canceled flights on a mechanics union — and the stock is tanking

Southwest has blamed an ‘unprecedented’ number of canceled flights on a mechanics union — and the stock is tanking

It’s not been a good week for Southwest Airlines. The carrier on Wednesday blasted a mechanics union for hundreds of cancellations in recent days, a level it’s calling unprecedented. “On Feb. 12, just days after our last negotiations session with AMFA, we experienced an unprecedented number of out-of-service aircraft in four specific maintenance locations despite…

Carl Icahn just disclosed a huge stake in Caesars and is calling for the company to sell itself (CZR)

Carl Icahn just disclosed a huge stake in Caesars and is calling for the company to sell itself (CZR)

Tom Smith stares at a slot machine screen while gambling at the Empire City Casino in Yonkers, New York. Legendary investor Carl Icahn disclosed in a Tuesday filing that he had a 9.8% stake in the gaming giant Caesars. Icahn urged the company to sell itself, and said that he plans to talk to the…

Google says the built-in microphone it never told Nest users about was ‘never supposed to be a secret’

Google says the built-in microphone it never told Nest users about was ‘never supposed to be a secret’

In early February, Google announced that its home security and alarm system Nest Secure would be getting an update — users would now be able to use Google Assistant on their devices. The problem — users didn’t know a microphone even existed on their Nest Secure devices to begin with. The existence of the micrphone…

Unemployment in the US is historically low, but wage growth is sluggish — and no one seems to know exactly why

Unemployment in the US is historically low, but wage growth is sluggish — and no one seems to know exactly why

Ten years after the financial crisis, the US unemployment rate has dropped from the crisis peak of 10% to a historically low 3.9% — but overall wage growth is still sluggish. Comparing the last three years to the last similar period of sustained low unemployment, Q1 1998 to Q1 2001, and you’ll see a difference…

What happens when the president declares a national emergency

What happens when the president declares a national emergency

Following is a transcript of the video. President Trump declared a national emergency on February 15, 2019. Trump: “We’re going to be signing… today… and registering… national emergency… and it’s a great thing to do.” This gives Trump special powers, which he says will help him fund a wall along the US-Mexico border. This would…

Facebook is trying to hire someone to work on ‘legged’ robots and robotic hands

Facebook is trying to hire someone to work on ‘legged’ robots and robotic hands

Facebook is quietly thinking about how to build robots with hands and legs. The Silicon Valley tech firm is best-known for its suite of ultra-popular apps, from Facebook to Instagram and WhatsApp. In recent years, however, it has invested heavily in artificial intelligence research, and uses robotics as a key plank of its efforts in…

Here’s the investor deck that helped real-estate startup Divvy raise a $30 million Series A led by Andreessen Horowitz

Here’s the investor deck that helped real-estate startup Divvy raise a $30 million Series A led by Andreessen Horowitz

Divvy is one of the many Silicon Valley startups working to change the way people buy homes. For Divvy, it’s specifically interested in providing alternative financing options for potential home buyers who don’t qualify for traditional mortgages. It does so by purchasing homes outright and allowing customers to pay it back in a series of…

Facebook moderators are in revolt over ‘Big Brother’-style working conditions

Facebook moderators are in revolt over ‘Big Brother’-style working conditions

Facebook content moderators have complained about draconian rules at one of Facebook’s contractor’s facilities — sparking outrage from Facebook employees over the “inhumane” conditions. At a facility run by Accenture in Austin, Texas, moderators responsible for helping keep the social network clear of graphic violence, hate speech, and images of child abuse have had onerous…

Mueller recommends a prison sentence of up to 24.5 years for Paul Manafort after a federal judge voided his plea deal for lying to investigators

Mueller recommends a prison sentence of up to 24.5 years for Paul Manafort after a federal judge voided his plea deal for lying to investigators

The special counsel Robert Mueller’s office recommended a sentence of 19.58 to 24.41 years in prison for Paul Manafort, the former chairman of President Donald Trump’s 2016 campaign, in a sentencing memo unsealed Friday. “In the end, Manafort acted for more than a decade as if he were above the law, and deprived the federal…