Business Archives - Everett Post

Elon Musk, Steve Wozniak and other tech leaders warn ‘out-of-control’ AI poses ‘profound risks’

Wednesday, March 29 by ABC News

(NEW YORK) -- Artificial intelligence-driven language models have garnered millions of users in recent months, instantly whipping up viral sensations like a biblical verse about how to remove a peanut butter sandwich from a VCR.However, the AI-enhanced chat bots pose significant dangers that far outweigh... Read More.

Starbucks’ former CEO denies breaking law after Sen. Sanders accuses company of ‘union busting’

Wednesday, March 29 by ABC News

(WASHINGTON) -- Starbucks' former CEO Howard Schultz on Wednesday denied breaking the law in response to sharp criticism from Sen. Bernie Sanders, I-Vt., who accused the company of "the most aggressive and illegal union busting campaign in the modern history of our country."In response... Read More.

Starbucks’ former CEO set to face Bernie Sanders over employees’ unionization push

Wednesday, March 29 by ABC News

(WASHINGTON) -- When Starbucks' most famous former CEO, Howard Schultz, appears Wednesday before a Senate committee to face questioning from Bernie Sanders over the company's response to a unionization push -- including what a labor judge found to be union-busting practices -- he'll look... Read More.

Disgraced crypto exec Sam Bankman-Fried faces new bribery charge

Tuesday, March 28 by ABC News

(NEW YORK) -- Embattled crypto executive Sam Bankman-Fried now faces an additional criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, according to a superseding indictment unsealed Tuesday in the Southern District of New York.The new charge brings... Read More.

No evidence of TikTok national security threat but reason for concern, experts say

Tuesday, March 28 by ABC News

(NEW YORK) -- Social media app TikTok faces mounting bipartisan hostility in Washington D.C., where Biden administration officials and lawmakers are weighing a possible ban of the platform.The app, which counts more than 150 million U.S. users each month but is owned by a... Read More.

Bank regulators blame SVB collapse on ‘textbook’ mismanagement during Senate grilling

Tuesday, March 28 by ABC News

(WASHINGTON) -- The country's top banking regulators faced a grilling from lawmakers Tuesday about who was responsible for the the failures of Silicon Valley Bank and Signature Bank.The Senate Banking Committee heard testimony from officials at the Federal Reserve, Federal Deposit Insurance Corporation and... Read More.

Taylor Swift fans in court over Ticketmaster fiasco

Monday, March 27 by ABC News

(LOS ANGELES) -- Taylor Swift fans will get their day in court on Monday, months after the botched release of tour tickets prompted widespread outcry.A federal court in Los Angeles will hear arguments in a case brought by fans who allege that Live Nation... Read More.

Much of failed Silicon Valley Bank’s assets to be sold to First Citizens, FDIC says

Monday, March 27 by ABC News

(NEW YORK) -- First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said.Silicon Valley Bank, a regional lender with about $210 billion in assets, collapsed earlier this month. The bank had been... Read More.

How Rolls-Royce is winning over Tesla owners and millennials

Monday, March 27 by ABC News

(NEW YORK) -- It's a trend that's surprised even Rolls-Royce executives: Tesla owners frantically placing preorders for Spectre, the first all-electric Rolls-Royce that costs more than $400,000.The 118-year-old British automaker begins production of Spectre, a chic, uber-luxe coupe that seats four, this fall. Pre-orders... Read More.

Gordon Moore, co-founder and former chairman of Intel, dies at 94

Saturday, March 25 by ABC News

(NEW YORK) -- Gordon Moore, the co-founder and former chairman of tech giant Intel, died Friday at the age of 94, the company and the Gordon and Betty Moore Foundation announced.A press release stated Moore died "surrounded by family" in Hawaii.Moore and Robert Noyce founded... Read More.

High interest rates hammer consumers seeking mortgage or car loans

Saturday, March 25 by ABC News

(NEW YORK) -- The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress.Instead, the Federal Reserve on Wednesday imposed another hike, extending a yearlong blitz of... Read More.

‘A game changer’: Ford CEO touts new electric vehicle plant

Friday, March 24 by ABC News

(NEW YORK) -- United Nations Secretary-General Antonio Guterres said that the world is "on thin ice" and called for "climate action on all fronts" earlier this week while revealing the latest U.N. climate report.The report said that greenhouse gas emissions continue to grow as... Read More.

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Business

Elon Musk, Steve Wozniak and other tech leaders warn ‘out-of-control’ AI poses ‘profound risks’

Starbucks’ former CEO denies breaking law after Sen. Sanders accuses company of ‘union busting’

Starbucks’ former CEO set to face Bernie Sanders over employees’ unionization push

Disgraced crypto exec Sam Bankman-Fried faces new bribery charge

No evidence of TikTok national security threat but reason for concern, experts say

Bank regulators blame SVB collapse on ‘textbook’ mismanagement during Senate grilling

Taylor Swift fans in court over Ticketmaster fiasco

Much of failed Silicon Valley Bank’s assets to be sold to First Citizens, FDIC says

How Rolls-Royce is winning over Tesla owners and millennials

Gordon Moore, co-founder and former chairman of Intel, dies at 94

High interest rates hammer consumers seeking mortgage or car loans

‘A game changer’: Ford CEO touts new electric vehicle plant

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