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Business News

Location American Business News for 23 January 2025
LinkedIn accused of using private messages to train AI The lawsuit alleges LinkedIn tried to conceal its actions but the firm says the claims are false.
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Ethereum fee earnings rise in 2024 despite cost-saving Dencun upgrade: CoinGecko The Ethereum blockchain's earnings from fees saw a 3% year-on-year rise from 2023 to 2024 despite the Dencun upgrade early last year, which reduced network fees.
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BRICS Challenges Dollar Dominance: Iran Backs Local Currency Framework BRICS nations are boosting trade in national currencies, a move Iran emphasizes as vital for reducing dollar dependence and countering the economic impact of sanctions. Breaking Free From the Dollar: Iran Pushes BRICS To...
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CNN is cutting hundreds of TV jobs in a digital pivot. Read the memo CEO Mark Thompson sent to staff. CEO Mark Thompson told staff the moves aimed to better serve audiences and "secure CNN's future as one of the world's greatest news organizations."
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Uber's CEO asks how smart AI must be to earn forgiveness for its mistakes Society accepts that humans make mistakes, but it will also need to decide an acceptable level of error from AI too, says Uber's CEO.
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ChatGPT Outage Reported by Thousands of Users

The New York Times - 23 Jan 2025 15:49
ChatGPT Outage Reported by Thousands of Users The site was unavailable to many people early Thursday. OpenAI, the company behind the chatbot, said it had applied a fix.
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California wildfires boost U.S. jobless claims to six-week high The number of people who applied for U.S. unemployment benefits in mid-January climbed to a six-week high, but a temporary surge in California because of the massive wildfires was one of the chief culprits.
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American Airlines' stock slides on weaker-than-expected guidance American Airlines cited "present demand trends" and current fuel-prices forecast as it predicted a first-quarter loss.
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Trump Escalates His War on D.E.I.

The New York Times - 23 Jan 2025 15:26
Trump Escalates His War on D.E.I. President Trump's campaign to end diversity, equity and inclusion policies has begun in federal agencies, and is jolting corporate America as well.
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Ford recalls over 270,000 US vehicles due to battery concern The 12-volt battery may experience degradation and suddenly fail.
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Banks raise concerns over benefit debt recovery powers The biggest group representing UK banks says the measures could conflict with customer protections.
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Spain Seeks to Curb Short-Term Rentals Amid Growing Housing Crisis The country is at the forefront of a wider crunch spreading across Europe, and its prime minister has proposed a 100 percent tax aimed at foreign real estate investors.
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Bitcoin not a 'threat' to the US dollar: Goldman Sachs CEO Goldman Sachs CEO David Solomon called the original cryptocurrency an "interesting speculative asset."
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Watch Duty CEO John Mills said his app, which has provided updates during the LA wildfires, is powered by volunteers who want to do "social good."
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Charles Phan, Whose Slanted Door Elevated Vietnamese Food, Dies at 62 The restaurant, which opened in San Francisco in 1995, married local ingredients with the food he grew up on and buoyed other chefs from immigrant families.
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Chinese traders made millions from TRUMP, Coinbase in Philippines? Asia Express Top Chinese crypto traders earn millions on TRUMP, Coinbase may expand to Philippines, what on Earth is Bimcoin? Asia Express.
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Chinese traders made millions from TRUMP, Coinbase in Philippines? Asia Express Top Chinese crypto traders earn millions on TRUMP, Coinbase may expand to Philippines, what on Earth is Bimcoin? Asia Express.
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Sakana found that self-adaptive models can modify their weights during inference to adjust behavior to new and unseen tasks.
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Solana Outshines Ethereum, Achieving Over 5 Billion DEX Transactions in the Last 3 Months Solana’s increasing popularity has seen the blockchain outpace Ethereum with over 5 billion dex transactions and 344 million active addresses in the past three months. Solana’s Impressive Transaction Volume Underscor...
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Walmart's multi-store managers can now make up to $620,000

Business Insider - 23 Jan 2025 23:45
Walmart said it will increase base salary, stock grants, and bonus pay for around 440 market managers who each oversee multiple retail locations.
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Twilio wants to grow in conversational artificial intelligence while also becoming more profitable.
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SZA Showers Kendrick Lamar in Super Bowl Halftime Show Trailer Apple Music teased Kendrick Lamar's upcoming Super Bowl Halftime Show performance with a trailer revealing a guest performance from singer SZA. The 30-second teaser, dropped on Thursday, sees Lamar talking on the phone o...
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