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A new report from the World Economic Forum estimates that attaining global gender parity will take nearly 136 years, up from its previous estimate of almost 100 years. WEF measures parity in four ways: economic participation and opportunity, education, health and political empowerment. Data examined by the organization showed that the gap in political empowerment
Continue ReadingDonald Trump is back online. The former president and first lady, Melania Trump, have launched a website to serve their personal offices. The website, 45office.com, comes after Trump’s ban from social media sites in the aftermath of the January Capitol insurrection. The site features a lengthy biography for the former president that starts, “Donald J.
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Senator Elizabeth Warren is calling out regulators after little-known hedge fund Archegos Capital Management was able to borrow so much money that its implosion last week sent shockwaves across Wall Street. “Regulators need to rely on more than luck to fend off risks to the financial system,” Warren, a Democrat from Massachusetts, said in a
Continue ReadingVideo calling has, for many, been key to staying connected with friends, family and coworkers as coronavirus forces people to stay apart. Now, the technology is being used to connect health care providers and patients in hospitals. Northwell Health, a New York health care system, is expanding a program to outfit coronavirus patients’ rooms with
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With so many challenges facing us here on Earth — the pandemic, climate change, the economy — it might seem like an odd time to focus on space. But space exploration offers enormous benefits for all of us. There’s a long list of innovations that have emerged as a result of space research that have
Continue ReadingGameStop is adding to its growing list of new executives hired from Amazon and Chewy with the hope of turning the struggling, longtime mall staple into an e-commerce powerhouse. The video game retailer on Tuesday announced the hire of Elliott Wilke as its chief growth officer. Wilke spent the past seven years at Amazon, including
Continue ReadingChipotle is jumping into the bitcoin craze. Sort of. No, the chain isn’t accepting the cryptocurrency as payment for its Mexican dishes. Instead, Chipotle is giving away $100,000 worth of bitcoin on Thursday to celebrate National Burrito Day. The contest marks the first time a US restaurant chain has given away bitcoin, according to Chipotle.
Continue ReadingTwo “SpongeBob SquarePants” episodes are no longer available on Paramount+ and Amazon because of inappropriate content. One episode, “Kwarantined Crab,” from the show’s 12th season, centers on a virus storyline. “We have decided to not air it due to sensitivities surrounding the global, real-world pandemic,” a spokesperson for Nickelodeon told CNN Business. In the episode,
Continue ReadingWorsening inequality, trillions of dollars in economic damage and depressed economic growth. Those are the outcomes that economists fear we will face unless the world aggressively confronts the climate crisis. Nearly three-quarters (74%) of economists agree “immediate and drastic” action is warranted to curb emissions, according to a survey released Tuesday from the Institute for
Continue ReadingIn a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm says it is changing its name to “Voltswagen.” Yes, really. In what seemed to be a shocking goof — pun absolutely intended — Volkswagen of America on Monday briefly posted an unfinished press release announcing a plan to change its
Continue ReadingPizza Hut is doubling down on the growing popularity of the drive-thru with a new digital-focused version now opening at more than 1,500 restaurants with more to come. The pizza chain announced Tuesday a new pick-up window called “The Hut Lane,” which it said offers “convenience and speed without customers ever having to park their
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The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage, secret derivatives and rock-bottom interest rates. ViacomCBS, Discovery and other media titans’ stocks crashed Friday
Continue ReadingAn experimental rocket that SpaceX launched at its South Texas facilities Tuesday appears to have exploded, but heavy fog at the landing site left even SpaceX uncertain about what had occurred. “At least the crater is in the right place!” SpaceX CEO Elon Musk tweeted. All three of SpaceX’s previous prototypes crash landed or exploded
Continue ReadingIn a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm says it is changing its name to “Voltswagen.” Yes, really. In what seemed to be a shocking goof — pun absolutely intended — Volkswagen of America on Monday briefly posted an unfinished press release announcing a plan to change its
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With so many challenges facing us here on Earth — the pandemic, climate change, the economy — it might seem like an odd time to focus on space. But space exploration offers enormous benefits for all of us. There’s a long list of innovations that have emerged as a result of space research that have
Continue ReadingThe dramatic implosion of Archegos Capital Management is another warning to Wall Street about the dangers of hefty leverage and speculative behavior fueled by rock-bottom interest rates. It’s also a wake-up call to regulators about hidden risks within the financial system. “It is a dereliction of duty for regulators at the Securities and Exchange Commission,
Continue ReadingA big smartphone maker is getting into electric cars. And it’s not Apple. China’s Xiaomi announced Tuesday that it will invest $10 billion over the next decade in a subsidiary focused on the “smart electric vehicle business.” The company said in a stock market filing that the new unit will be led by billionaire CEO
Continue ReadingMajor global banks could be hit with billions of dollars in losses after US investment firm Archegos Capital was forced to dump shares last week when it got into financial trouble. Nomura and Credit Suisse said Monday that earnings might take “significant” hits after a client of their broking services defaulted on margin calls last
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After a year in which scientists raced to understand Covid-19 and to develop treatments and vaccines to stop its spread, Cleveland Clinic is partnering with IBM to use next-generation technologies to advance healthcare research — and potentially prevent the next public health crisis. The two organizations on Tuesday announced the creation of the “Discovery Accelerator,”
Continue ReadingThe US Customs and Border Protection Agency (CBP) has ordered port officials to seize all disposable gloves made by the world’s largest producer over allegations of forced labor. In a statement Monday, the agency said a months-long investigation had found “sufficient information” that Top Glove, a Malaysian company, was using forced labor to produce disposable
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