Mark Zuckerberg may be certain that the future of his company lies in the metaverse, but to the uninitiated/skeptics among us, it continues to look like a giant money pit. In the first three months of 2023, the company’s Reality Labs division, i.e. its…
As the situation at Credit Suisse turned from bad to worse in late March, resulting in its state-brokered takeover by rival UBS, the 167-year-old bank’s customers rushed for the exits, taking their money with them. According to the bank’s latest and po…
Last month, as news of Silicon Valley Bank’s imminent collapse spread like wildfire, so did the fear that other banks could fall like dominoes, resulting in a run on deposits, especially at smaller banks. In the week ended March 15 – SVB had collapsed …
According to the International Organization for Migration, the number of irregular migrant arrivals through the Mediterranean migration routes picked up again after reaching a low point in 2020. Almost 145,000 migrants traveling in boats across the Med…
Contrary to what their name might suggest, basketball, tennis and running shoes are in no way confined to courts and tracks these days. Athletic footwear, less formally known as sneakers, can be found anywhere from boardrooms to fashion runways, and co…
Central bank interest rates in advanced economies have started to rise again from zero-percent territory in 2022, but because of rampant inflation, any potential returns were completely diminished that year, creating savings that were effectively shrin…
Shares of Tupperware fell almost 50 percent on Monday following the company’s bleak warning that it might go out of business. In a statement published on Friday, the maker of food container products warned that there is “substantial doubt about its abi…
After a Manhattan grand jury handed down an indictment Thursday night, former President Donald Trump is now facing 30 fraud counts. CNN reports that Trump is expected to appear in court Tuesday. The Manhattan District Attorney’s office has been leading…
The adoption and openness to electric cars vary significantly between states in the United States. While some states appear to be embracing EVs in large numbers as the future of transportation, others states are home to large majorities seemingly still…
Public-facing AI tools, including text-based applications like ChatGPT or text-to-image models like Stable Diffusion, Midjourney or DALL-E 2, have quickly turned into the newest digital frontier in terms of regulatory, legal and online privacy issues. …