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☆ French rail network hit by 'acts of sabotage' in latest transport woes for Paris during the Olympics
▼ + stars: | 2024-07-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewFrance's rail network has been hit by a series of "malicious acts" that have damaged transport routes leading to the capital, causing cancellations and disruption just hours before the Paris Olympics opening ceremony. AdvertisementThough several Olympic events are being held outside Paris, Attal highlighted the impact on French families leaving for vacation this weekend rather than on the Olympics. Michel Euler/ APThe attacks also add more pressure to concerns over whether Paris' transport infrastructure can manage the Olympic crowds. Officials promised to reinvigorate the transport system after Paris won the Olympic bid. But, in November 2023, the mayor of Paris said there were parts of the city where "transport will not be ready and there will not be enough trains," according to French radio network RFI.

Persons: —, Gabriel Attal, Attal, Brian Snyder, Michel Euler, Jimmy Brun, France24 Organizations: Service, SNCF, Business, South, Lille, Railway, Reuters, Eurostar, Paris, RFI, Paris Metro, Paris's Metro, Bloomberg Locations: Atlantique, Northern, Paris, Bordeaux, France, Strasbourg, Germany, London, Seine, Paris's

☆ Rail Sabotage Blights an Olympic Moment for France
▼ + stars: | 2024-07-26 | by ( Catherine Porter | Aurelien Breeden | ) www.nytimes.com time to read: +1 min

Before dawn on the day of the opening ceremony of the Paris Olympics, arsonists on Friday sabotaged three critical high-speed rail lines, stranding thousands of travelers, heightening security fears and blighting what President Emmanuel Macron hoped to be a moment of national glory. Around 4 a.m., the arsonists cut through and burned cables used for signaling and security near three rail divides, the French authorities said. The carefully placed strikes snarled end-of-week travel plans for more than a million people, including Parisians leaving for vacation and international travelers en route to the opening ceremony of the Games. Parts of the prized rail system came to a standstill. The Paris prosecutor’s office, which handles major organized crime cases, said it had opened an investigation into what it called criminal vandalism and criminal conspiracy.

Persons: arsonists, Emmanuel Macron Organizations: Paris Locations: Vergigny, Paris

☆ I worked remotely for 4 years and felt isolated, without any real connections with my coworkers. I decided to quit.
▼ + stars: | 2024-07-26 | by ( Jamie Bradley | ) www.businessinsider.com time to read: +4 min

The company changed, and so did IBeing a remote employee as coworkers returned to the office was extremely challenging. The disconnect didn't help my morale at workI started to feel isolated, lonely, and disconnected from my coworkers. AdvertisementFrom my experience, I know how difficult it can be to form meaningful connections with coworkers that you only interact with through a screen. When work gets frustrating, and I feel lonely or isolated, I find coworkers an invaluable support system. I want to prioritize personal connections throughout my career, which means stepping out from behind the screen and being together.

Persons: COVID Organizations: Service, Business Locations: New York City, New York, Denver

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Retiring at 50 has long been a guarantee for parts of China's working class — until now
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.

Persons: —, Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia

What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.

Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin

☆ PepsiCo is using robotics and AI-powered crop planning to transform its supply chain
▼ + stars: | 2024-07-26 | by ( John Kell | ) www.businessinsider.com time to read: +6 min

PepsiCo says it's two-thirds of the way done with an overhaul of its supply chain. This article is part of "The Future of Supply-Chain Management," a series on companies' manufacturing and distribution strategies. With more automation, workers are doing fewer physical tasks, like driving a forklift, and far more oversight of the machines taking over those tasks. Workers at manufacturing facilities and distribution centers and the unions that represent them often bristle at automation, which can lead to layoffs. Even as it has invested in automation, PepsiCo's total workforce has swelled: It grew by 20%, to 318,000, over the five years that ended in 2023.

Persons: it's, —, Gregg Roden, he'd, Roden, Athina, Campbell, Kanioura Organizations: PepsiCo, Chain Management, Service, Gatorade, Frito, Microsoft, Workers, Tyson Foods, Food, McKinsey Locations: Doritos, North America

☆ A $1 million starter home is now the norm in more than 200 US cities
▼ + stars: | 2024-07-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

A Thursday report from Zillow indicates that a typical starter home is now worth $1 million or more in 237 cities, up from 84 cities in 2019, underscoring America’s ongoing home affordability crisis. “We see the largest number of million-dollar starter homes in expensive coastal markets. To further complicate things for first-time buyers, the value of starter homes has grown at a faster pace than the average home. According to Zillow, starter home values have grown 54.1% over the past five years, while the average US home has increased by 49.1%. The nationwide average price tag for a starter home is $196,611, according to Zillow.

Persons: underscoring, ” Orphe, “, It’s, homebuyer, Zillow, Jeffrey Jenkins, Divounguy, “ That’s, ”, Lawrence Yun Organizations: CNN, Gallup, National Association of Realtors, University of Southern Locations: Zillow, California , New York, New Jersey, University of Southern California, United States

☆ These 10 U.S. states are America's least-prepared for climate change and extreme weather
▼ + stars: | 2024-07-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

In 2021, Maryland adopted a ten-year Climate Adaptation Resilience Framework aimed at making the state's infrastructure more sustainable by 2030. 2024 Infrastructure Score: 230 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 100% Renewable Energy: 14% 9. 2024 Infrastructure Score: 235 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 54% Renewable Energy: 4% 5. 2024 Infrastructure Score: 246 out of 425 points (Top States Score: B+) Climate Extremes Index: 39.82% Properties at risk: 14% Renewable Energy: 5% 4. 2024 Infrastructure Score: 179 out of 425 points (Top States Grade: D+) Climate Extremes Index: 48.6% Properties at risk: 100% Renewable Energy: 6% 1.

Persons: There's, Jeremy Porter, Maria Lehman, Governor Moore, Sarah L, Voisin, Ming Li, Wes Moore, Baltimore's Francis Scott Key, Kevin Dietsch, Danielle Villasana, Joseph Prezioso, Pennsylvania Al Walker, Audrey, Jeff Swensen, Drew Koch, Zbigniew Bzdak, Aaron Wilson, Joe Biden, Lady Jill Biden, Peter Zay, Winter Storm Lorraine, Anibal Martel, Louisiana Farmer Chad Hanks, Justin Sullivan, John Bel Edwards, Jeff Landry, Lokman Organizations: NOAA National Centers for Environmental, First Street Foundation, U.S, Infrastructure, American Society of Civil Engineers, Companies, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Maryland, Preparedness, Washington Post, University of Maryland Center, Environmental, Gov, Energy, Delaware Contractors, Army Corp of Engineers, Texas, Lone Star State, Climate Center, Georgetown University, The, New, New Hampshire Workers, AFP, Getty, Environmental Protection Agency, University of New, Pennsylvania, Grow, Keystone, Pennsylvania Department of Environmental, Chicago Tribune, The Buckeye State, Mississippi Residents, Anadolu, Connecticut Municipal, Winter, Constitution, Connecticut Department of Public Health, Louisiana, NOAA, Task Force, Republican Gov Locations: U.S, States, , Maryland, Silver, Maryland, Montgomery, Chesapeake, Bethany Beach , Delaware, Delaware, Houston , Texas, , Texas, The Texas, New Hampshire, Nashua , New Hampshire, University of New Hampshire, Grow Pittsburgh, Braddock , Pennsylvania, Pittsburgh, Midwest, Ohio, Sandusky, Lake Erie, Erie, Mississippi, Rolling, United States, Connecticut, Hartford Area , Connecticut, Kaplan , Louisiana, Louisiana, Jersey, Lodi , New Jersey

☆ Gaza: US physicians pen letter to Biden and Harris
▼ + stars: | 2024-07-26 | by ( Sahar Akbarzai | ) edition.cnn.com time to read: +8 min

Sources told CNN the president was expected to be as forceful as he has ever been in pushing Netanyahu to agree to a deal. Mohammed Salem/ReutersThe ‘only independent monitors’ in GazaDr. Adam Hamawy, a US plastic surgeon and former US Army combat trauma surgeon, told CNN on Thursday, “there’s no one getting firsthand accounts other than physicians. In signing the letter, Perlmutter told CNN that he hopes “the average American can feel the pain we feel on a daily basis. “Everyone in Gaza is sick, injured, or both,” with few exceptions, their letter said. We are simply physicians and nurses who cannot remain silent about what we saw in Gaza.” the letter said.

Persons: Joe Biden, Kamala Harris, ”, “, Feroze Sidwa, Biden, Benjamin Netanyahu, Netanyahu, Israel, Khan Younis, Mohammed Salem, Adam Hamawy, … we’re, you’re, who’ve, Hamawy, people’s, Tammy Duckworth, Mark Perlmutter, Perlmutter, hadn’t, ” Perlmutter, They’ll, Israel’s, Tala Alrajjal, Sam Fossum, Eugenia Ugrinovich Organizations: CNN, White, Humanitarian Law, European Hospital, Nasser Hospital, US Army, Gaza, Israel Defense Forces, World Surgical Association, Gazan Health Ministry, Health Organization, United Nations Locations: Gaza, Ukraine, Iraq, Israel, US, Sarajevo, New York City, Khan, Rafah, North Carolina

☆ China says Taiwanese working in the mainland 'need not worry' after it suggested a death penalty for 'independence die-hards'
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

China said Taiwanese workers in the mainland have nothing to fear if they "don't break the law." The comment comes as Beijing sparked alarm in June by floating the death penalty for 'diehard' separatists. About 163,000 Taiwanese worked in the mainland in 2021, per a local report, and the number is declining. The comment comes as Beijing issued legal guidelines on June 21 suggesting the death penalty or prison for "Taiwan independence diehards." The declaration sparked alarm in Taiwan, where officials started restricting tours to China and warning people against traveling to the mainland.

Persons: — Organizations: Service, Taiwan, Business Locations: China, Beijing, Taiwan

☆ LinkedIn billionaire is going all-in on Kamala Harris. But he wants her to make a big change
▼ + stars: | 2024-07-26 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —LinkedIn co-founder Reid Hoffman is throwing his financial firepower behind Vice President Kamala Harris. Ohio Sen. JD Vance, the GOP nominee for vice president, is a fan. Harris campaign: No discussions on replacing KhanHoffman told CNN he “certainly” hasn’t directly pushed Harris to replace Khan. A Harris campaign aide told CNN that there have been “no policy discussions” about replacing Khan at the current time. That was a mistake,” Hoffman told CNN.

Persons: Reid Hoffman, Kamala Harris, Hoffman, CNN he’s, Harris, United States ’, Lina Khan, “ Lina Khan, ” Hoffman, Joe Biden, “, Khan, ”, Bernie Sanders, Hoffman Khan, Sen, Mr, Hoffman ”, Massachusetts Sen, Elizabeth Warren, Khan . Ohio Sen, JD Vance, Vance, Biden, Khan Hoffman, hasn’t, Brian Fung, Douglas Farrar, Biden Harris, Harris team’s, ” Farrar, Farrar, “ Trump, Donald Trump, Trump, Steven Cheung, George Soros ”, Mark Cuban, Peter Thiel, Thiel, Arizona Sen, Mark Kelly, Josh Shapiro, Gretchen Whitmer, Gina Raimondo Organizations: New, New York CNN, LinkedIn, Biden, Harris, PAC, CNN, Federal Trade, Democratic, Microsoft, FTC, “, Big Oil, Big Tech, Forward PAC, GOP, Republican, Activision Blizzard, Mattress, Trump, US Chamber of Commerce, Arizona Locations: New York, United States, America, Vermont, Massachusetts, Khan . Ohio, Pennsylvania, Michigan

“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.

Persons: ”, Victor Matheson, “, “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, ‘, Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, “, Lake Placid , New York, Lake Placid, ”, Los Angeles, Oklahoma

☆ Southwest ditching its unassigned seat policy shows how budget airlines' business models are getting upended
▼ + stars: | 2024-07-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, Southwest ditching its unassigned seat policy is a sign of the end times for budget airlines as we know it. Southwest Airlines is ending its open seating policy , opting for assigned and premium seating options. Between paid seat assignments and premium seating, Southwest could add as much as $3 billion in new revenue, according to one analyst. AdvertisementKevin Carter/Getty ImagesThe real pain of the current travel landscape is being felt by budget airlines. That's why Southwest's decision to end its open seating policy could be a sign of the end of budget airlines as we know it, writes BI's Taylor Rains and Pete Syme.

Persons: —, Chelsea Jia Feng, Elliott Management's, wasn't, Insider's Benjamin Zhang, Kevin Carter, BI's Taylor Rains, Pete Syme, Bob Jordan, Goldman Sachs, Jenny Chang, Rodriguez, Prince Williams, Getty, Griffin, Tyler Le, NKSFB, Chris Brown, Rupert Murdoch, Murdoch, they're, They're, Claudia Sahm, Donald Trump, Benjamin Netanyahu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Southwest Airlines, Southwest, Southwest isn't, Bank of America, Getty, Bauer, Fox, News Corp, Mar Locations: Southwest, —, Taylor, Los Angeles, Lago, New York, London

☆ How the AI revolution could cost you your job without replacing you
▼ + stars: | 2024-07-26 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

But as tech firms plan to invest billions of dollars in generative AI technologies, there's been another explanation for job cuts. While there's been a mountain of speculation about if and when AI technologies like ChatGPT could displace workers, their near-term impact on job losses could be less about job replacement and more about the cost of AI investments. The risks of AI job replacement remains to be seenIn the big picture, Netzer said he expects AI technologies to be an "enhancer rather than a replacer of jobs" in the years ahead. Advertisement"For many jobs, AI is likely to enhance our job, allowing us to spend more time on the things we enjoy doing and less time on the mundane," he said. AdvertisementBenedikt Frey pointed to translators as one profession that has seen fewer employment opportunities due to generative AI, per his research.

Persons: —, there's, Goldman Sachs, Mark Zuckerberg, Meta, Sundar Pichai, Daniel Rausch, Dan Ives, It's, Carl Benedikt Frey, Netzer, Benedikt Frey Organizations: Service, Apple, Microsoft, Industry, Business, Google, Amazon, Alexa, Fire, Wedbush Securities, Big Tech, FT, Columbia Business School, University of Oxford

☆ The Gateway Pundit just had its bankruptcy dismissed. Now, the far-right blog will face defamation lawsuits that threaten its future
▼ + stars: | 2024-07-25 | by ( Jack Newsham | ) www.businessinsider.com time to read: +1 min

The Gateway Pundit is a far-right website known for spreading conspiracy theories. It makes $3 million a year but filed for bankruptcy to stop lawsuits filed by 2020 election workers. But a bankruptcy judge said the case was filed in bad faith and said TGP has to face the music. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Gateway Pundit, a blog known for publishing conspiracy theories about vaccines and the 2020 election results, filed for bankruptcy in April to stop the lawsuits.

Persons: TGP, —, Jim Hoft Organizations: Service, Voting Systems, Porsche, Business Locations: Georgia

☆ Far-right Gateway Pundit sought bankruptcy protection in ‘bad faith’ to avoid 2020 defamation suits, judge rules
▼ + stars: | 2024-07-25 | by ( Marshall Cohen | ) edition.cnn.com time to read: +2 min

The ruling Wednesday from US bankruptcy judge Mindy Mora means the defamation cases will move forward. The Gateway Pundit “remains both balance sheet and cash flow solvent,” Mora wrote in her ruling. There is only the (defamation cases) in which [The Gateway Pundit] must defend itself. Over the years, The Gateway Pundit has become infamous for its publishing of hyper-partisan blog posts, many of which advance dangerous lies and conspiracy theories. The Gateway Pundit is one of several right-wing media outlets grappling with the fallout stemming from its promotion of 2020 election lies.

Persons: Mindy Mora, ” Mora, That’s, Brittany Williams, Ruby Freeman, Shaye Moss, “, Freeman, Moss, ” Williams, Jim Hoft, Trump, MAGA, CNN’s Oliver Darcy Organizations: Washington CNN, Gateway, Dominion Voting Systems, ”, CNN, Protect Democracy, Fox News, News, Dominion Locations: Georgia, Smartmatic

☆ Microsoft’s World of Warcraft Workers Vote to Unionize
▼ + stars: | 2024-07-25 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +1 min

More than 500 workers in the team behind World of Warcraft, one of the most popular video games in the world, have voted to unionize, the Communication Workers of America said on Wednesday. The move expands the ranks of organized labor at Microsoft, which acquired the video game giant Activision Blizzard — whose subsidiary Blizzard Entertainment produces World of Warcraft — for $69 billion last year. To satisfy the regulators overseeing the mega-acquisition, Microsoft promised to remain neutral on unionizing efforts, an unusually permissive policy in the tech industry. An arbitrator determined on Wednesday that a majority of the World of Warcraft workers, including designers, engineers, artists and quality testers, supported the C.W.A., the union said in a statement. Blizzard Entertainment recognized the union, increasing the number of unionized game workers at Microsoft to more than 1,750, the C.W.A.

Organizations: Communication Workers of America, Microsoft, Activision, Blizzard Entertainment

☆ California top court upholds ballot measure treating Uber, Lyft drivers as independent contractors
▼ + stars: | 2024-07-25 | by ( ) edition.cnn.com time to read: +3 min

Reuters —California’s top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber and Lyft to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits. Whether gig workers should be treated as employees or contractors is a crucial issue for the ride-service industry. California is just one front in a nationwide legal battle over the classification of gig drivers and other contract workers. In June, Uber and Lyft agreed to adopt a $32.50 hourly minimum wage for drivers in Massachusetts and pay $175 million to settle a lawsuit by the state claiming they improperly treated drivers as independent contractors. A proposal that would allow app-based drivers to unionize will go before voters in the state in November.

Persons: Reuters —, Lyft, Uber, “, Tia Orr, ” Organizations: Reuters, Service Employees International Union, SEIU, Employees, California Supreme Locations: U.S, California, SEIU California, Minnesota, Minneapolis, Massachusetts

☆ BOJ to weigh rate hike next week, detail plan to halve bond buying, Reuters reports
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +1 min

The flag of Japan flutters at the Bank of Japan headquarters in Tokyo on Dec. 19, 2023. The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years, sources said, signaling its resolve to steadily unwind its massive monetary stimulus. "The decision will be a close call and a hard one to make," given uncertainty over the consumption outlook, one of the sources said. "It's really a judgment call, in terms of whether to act now or later this year," another person said. While the nine-member board broadly agrees on the need for a near-term rate hike, there is no consensus on whether it should happen next week or later in the year, they said.

Organizations: Bank of Japan, The Bank of, Reuters Locations: Japan, Tokyo, The Bank of Japan

☆ Hollywood’s videogame performers to go on strike over AI, pay concerns
▼ + stars: | 2024-07-25 | by ( ) edition.cnn.com time to read: +2 min

Reuters —Video game voice actors and motion-capture performers have called a strike over failed labor contract negotiations focused around AI-related protections for workers, bringing about another work stoppage in Hollywood. The SAG-AFTRA has called a strike of the Interactive Media Agreement that covers videogame performers, effective July 26, the union said on Thursday. The Interactive Media Agreement expired in November 2022 and was being extended on a monthly basis during the talks. Apart from AI protections, the SAG-AFTRA’s most pressing issues in the contract negotiations for videogame performers are higher pay, medical treatment and breaks for motion capture performers. The offer presented to the SAG-AFTRA features AI protections that include requiring consent and fair compensation to all performers working under the IMA, Cooling said.

Persons: AFTRA, ”, Audrey Cooling, Cooling Organizations: Reuters, SAG, Interactive, Activision Productions, Electronic Arts, Epic, Disney, Warner Bros, WB, Hollywood, IMA Locations: Hollywood

☆ Who Can Achieve the American Dream? Race Matters Less Than It Used To.
▼ + stars: | 2024-07-25 | by ( German Lopez | Ashley Wu | ) www.nytimes.com time to read: +15 min

When the white Gen X child turned 27 in 2005, they could expect to make more than $34,000. But Mr. Cain did have a strong community — which he said taught him entrepreneurship and showed him he could dream big. Mr. Cain, 35, got a two-year degree in business management and first worked as a bank teller and financial adviser. At the same time, white millennials born to poor parents had a harder time than their white Gen X counterparts. Unlike Mr. Cain, Mr. Brown did not have a strong sense of community, as he bounced between his mother, his father and his grandparents.

Persons: Lawrence Cain Jr, Cain, ”, Asa Featherstone, Black, Derek Brown, Brown, He’s, “, It’s, ” Mr, Raj Chetty, Stefanie A, DeLuca, David B, Ralph Richard Banks, wasn’t, Benjamin Goldman, Cain’s Organizations: Abundance University, Business, Harvard, The New York Times, General Electric, Richer, Johns Hopkins University, Stanford, People, Black, White, Conservatives, Local, Bank of America Locations: Cincinnati, Northside, America, United States, American, China, India, Charlotte, N.C

☆ Most people don't know how much their Social Security retirement benefits may be. Here's how to tell
▼ + stars: | 2024-07-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Klaus Vedfelt | Getty ImagesFor most retirees, Social Security benefits is a major source of income. In 2024, almost 68 million Americans will receive a per month Social Security benefit, totaling about $1.5 trillion in benefits paid during the year. How to get your Social Security benefit estimateTo help workers of all ages gauge their benefits, the Social Security Administration provides detailed statements. "The closer someone is to age 62, the more accurate it is," said Jim Blair, vice president of Premier Social Security Consulting and a former Social Security administrator. What to watch out forOne important reason to check Social Security benefit statements is to make sure there are not any errors in your earnings history.

Persons: Klaus Vedfelt, aren't, NIRS, Tyler Bond, Bond, Joe Elsasser, it's, Elsasser, Kamala Harris, Jim Blair, Blair Organizations: Social Security, National Institute on Retirement Security, Security, Social, Workers, Social Security Administration, Finance, Trump, Premier Social Security Consulting

☆ Chinese EV startups are spending more on research than Tesla is
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

CNBC | Evelyn ChengBEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla , according to CNBC analysis of the four automakers' first-quarter earnings. Of the four U.S.-listed Chinese electric car companies, Nio ranked first, spending nearly 29% of revenue in the first three months of the year on research and development. He was referring to a popular term in China to describe fierce competition, especially in the electric car industry. She noted that can help Chinese electric car companies respond more quickly to customers and market needs than traditional automakers. Geely has also released an electric car architecture called SEA that it says allows for quicker production of different sized vehicles.

Persons: Evelyn Cheng, Paul Gong, Nio, Elon, Feng Shen, Shen, William Li, Li, Jing Yang, Zeekr's, Parent, Ren Xiangfei, Ren, Geely, Tesla, Taylor Ogan Organizations: CNBC, UBS, Elon Musk's, Ford Motor, China's Ministry of Industry, Information Technology, Fitch, China Passenger Car Association, Snow Bull, Tech Locations: Hefei, Evelyn Cheng BEIJING – U.S, U.S, China, Nio, Hefei city, Anhui, Shanghai, Asia, Pacific, Zhejiang province, Hong Kong, Shenzhen

☆ Robots might solve Chipotle's portion complaints. But there's a big reason they won't replace humans — yet.
▼ + stars: | 2024-07-25 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +7 min

For years, customers have griped about their portion sizes at the fast-food chain, and Chipotle has vigorously defended itself. "There have been no changes in our portion sizes, and we have reinforced proper portioning with our employees," Laurie Schalow, Chipotle's chief corporate affairs and food safety officer, told Business Insider. "Yes, you can have the same customization with a digital makeline, but you are more constrained in what you can do." technically the robot but i've seen the robot referenced broadly as a "digital makeline." The analyst added that robots could be a solution for digital orders, which Chipotle has said it plans to do.

Persons: —, Chipotle, Laurie Schalow, Wells, Danilo Gargiulo, Gargiulo, Daniel Fukuba, we're, Fukuba, Brian Niccol's, Chipotle's, Niccol, Fortune, de gallo, Niccol didn't Organizations: Service, Business, BI Locations: AllianceBernstein, Chipotle, San Jose , California, pico

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