Posts by Amelia Frost
House Republicans Join Democrats To Pass Bill Providing Aid To Ukraine And Imposing Sanctions On Russia
The House of Representatives passed a bill providing additional aid to Ukraine and imposing sanctions on Russia. Concretely, 18 Republicans joined Democrats to pass the bill. However, the initiative still faces a hurdle in the Senate, whose Republican leaders have not allowed for the vote on sanctions against Russia despite their bipartisan support, saying they…
Read MoreSpaceX Reportedly Tells Banks It Won’t Change Its Share Price For Its IPO
SpaceX has told banks working on its IPO that it won’t change its share price, currently set at $135, according to a new report. Reuters detailed that the stance means that the company’s CEO, Elon Musk, intends to hold the IPO according to his preferences, in contrast with Wall Street tradition. The outlet cited three…
Read MoreEurozone Economy Shrinks In First Quarter Dragged By Ireland
The Eurozone’s economy shrunk by 0.2% in the first quarter of the year dragged by Ireland’s sharp contraction, the area’s statistical office informed. It is the first time in a year the bloc’s economy shrinks and is 0.3 points lower than the 0.1% expansion from earlier flash readings. The bloc’s economy had expanded by 0.2%…
Read MoreRussia Considering Lowering Working Age To 12 To Address Jobs Crisis Stemming From Ukraine War
Russia is considering lowering the country’s minimum working age to 12 and reopening child labor camps active during the Soviet Union era to address shortages stemming from the war in Ukraine, according to a new report. The Telegraph noted that Moscow’s children’s rights commissioner, Olga Yaroslavskaya, claimed in a radio interview that almost all of…
Read MoreTrump Says He’d Be ‘Honored’ To Meet Iran’s Supreme Leader If It Were To Finalize a Deal
President Donald Trump said he would be “honored” to meet with Ayatollah Mojtaba Khamenei if it were to finalize a deal between the U.S. and Iran. “If we make a deal, it’s possible that I would meet,” Trump told press. “I’d be okay with that.” He went on to say that he would expect Khamenei…
Read MoreSenate Passes $70 Billion Bill To Fund Immigration Enforcement Agencies Through Trump’s Second Term
The Senate voted on Friday to pass a bill funding immigration enforcement agencies after weeks of delays, largely about the Trump administration’s intention to enact a $1.8 billion “anti-weaponization” fund to compensate people claiming they were unfairly targeted by the government. The $70 billion bill funds immigration enforcement agencies through the end of President Donald…
Read MoreVideo: The Lasting Cost of Graduating Into a Tough Job Market
new video loaded: The Lasting Cost of Graduating Into a Tough Job Market Sydney Ember, a Times business reporter, has been speaking with recent college graduates struggling to find work. She explains how starting a career in a weak job market can leave lasting scars on wages and opportunities. By Sydney Ember, Nour Idriss and…
Read MoreKevin O’Leary Pushes Back Against Calls To Shrink Massive Utah AI Data Center Project
Kevin O’Leary is pushing back against calls to dramatically reduce the size of a proposed artificial intelligence data center campus in northern Utah, arguing that the project remains critical to the United States’ efforts to expand computing infrastructure amid growing global competition and increasing demand for AI services. The project, known as Stratos, is planned…
Read MoreDow Jones Jumps While Nasdaq Edges Down As Investors Rotate From Tech
The Dow Jones Industrial Average jumped on Thursday while the Nasdaq Composite edged down as investors rotated from technological companies following weeks of steady gains. Concretely, the DJIA climbed 875 points, or 1.7%, and closed the session at 51561.93. The S&P 500 also gained, with 0.41%, while the tech-heavy Nasdaq Composite decreased by 0.09%. UnitedHealth…
Read MoreArthur Hayes Dumped HYPE and NEAR Four Days After Shilling a $150 Target
On June 4, BitMEX co-founder Arthur Hayes announced he had sold his entire HYPE and NEAR positions. The size of the trade isn’t the story. The timing is. Days earlier, Hayes had challenged Multicoin Capital’s Kyle Samani, a longtime Solana backer, to a $100,000 charity bet that HYPE would outperform any current top-10 crypto through…
Read MoreAI Will Soon Be Able To Improve Without Human Involvement, Anthropic Says
Anthropic said in a new blog post that “recursive self-improvement,” where AI can improve itself without human involvement, could come sooner than expected. The company noted that new data shows its frontier models have increased their speed of coding, debugging and research. That situation, it added, could form a feedback loop in which the tools…
Read MoreBitcoin News Today: BTC Price Implodes From Iran War, Gives Back Every Penny off Rally
Bitcoin dropped 5.5% to $61,322 in early Singapore trading on June 4, its weakest level since February 6, before clawing back to around $64,200 by the afternoon. That low erased the entire geopolitical premium that had carried BTC toward $74,000 after February’s US-Israel strike on Iran. A three-month round trip, ending exactly where it began.…
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