Author: Press Room

Just ahead of its blowout first-quarter earnings report last week, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned.Google’s Core unit is responsible for building the technical foundation behind the company’s flagship products and protecting users’ online safety, according to Google’s website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers and various engineering roles.At least 50 of the positions eliminated were in engineering at the company’s offices in Sunnyvale, California, filings…

Dozens of former Google workers filed a complaint with the US National Labor Relations Board on Tuesday after they were fired or placed on administrative leave last month for protesting the company’s cloud-computing contract with Israel’s government. The complaint accuses Google of retaliating against the workers for their “protected concerted activity, namely, participation (or perceived participation) in a peaceful, non-disruptive protest that was directly and explicitly connected to their terms and conditions of work.” The workers are seeking reinstatement of their jobs and back pay, according to No Tech for Apartheid, a group made up in part by Google and…

Last updated: May 1, 2024 12:42 EDT | 2 min read Proposed stablecoin legislation is unlikely to be tacked onto the must-pass Federal Aviation Administration’s (FAA) reauthorization bill despite attempts by Representatives Maxine Waters and Patrick McHenry, a Democratic aide on Capitol Hill revealed Tuesday.Stablecoin Legislation Merger With FAA Reauthorization UnlikelySpeaking with CoinDesk, the anonymous staffer claimed that leaders in both the Senate and the House of Representatives are not keen on adding legislation dealing with stablecoins onto the staple FAA bill. U.S. lawmakers typically pass less popular legislation to larger bills almost guaranteed to pass in hopes of drumming up…

The SEC is cracking down on investment advisers is says falsely claim to use AI. The agency settled with two advisers, Delphia and Global Predictions, who agreed to pay fines of $225,000 and $175,000, respectively. “Investment advisers should not mislead the public by saying they are using an AI model when they are not. Such AI washing hurts investors,” SEC chair Gary Gensler said. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The SEC is beginning to crack down on companies it says are “AI washing.”In a release…

Two tribes are suing social media giants, accusing them of contributing to the high suicide rates among Native teenagers by purposely getting kids hooked on their platforms.The lawsuits were filed in Los Angeles County Superior Court on Tuesday. One was brought on behalf of the Spirit Lake Tribe in North Dakota, and the Menominee Indian Tribe of Wisconsin brought the other. The lawsuits name Facebook, Instagram, Snapchat, TikTok, YouTube, and their parent companies, including Meta and Google as defendants.”Given historic teen suicide and mental health issues on our Reservation and across Indian Country, Native youth are particularly vulnerable to the…

Rexel S.A. (OTCPK:RXLSF) Q1 2024 Results Conference Call April 30, 2024 2:00 AM ET Company Participants Guillaume Texier – Group Chief Executive OfficerLaurent Delabarre – Group Chief Financial Officer Conference Call Participants Martin Wilkie – CitiAkash Gupta – JPMorganDaniela Costa – Goldman SachsPhilip Buller – BerenbergAlexander Virgo – Bank of AmericaWilliam Mackie – Kepler CheuvreuxAndre Kukhnin – UBSEric Lemarie – CICMiguel Borrega – BNP Paribas Guillaume Texier Good morning to everyone, and thank you for joining us today for our First Quarter 2024 Sales Conference. Thank you also for making yourselves available earlier than usual. In addition to issuing our…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former Binance chief executive Changpeng Zhao has been sentenced to four months in jail after pleading guilty to failing to establish adequate money laundering controls at the world’s largest cryptocurrency exchange.The 47-year-old, known in the crypto world as CZ, surrendered to US authorities in November. He agreed to resign as head of Binance, which he founded in 2017, while the exchange paid $4.3bn for failing to halt transactions that financed terrorist groups Hamas and al-Qaeda and sanctioned entities in Iran and Russia,…

Former President Donald Trump continued on Tuesday to criticize the judge presiding over his Manhattan criminal trial, Juan Merchan, this time complaining that Merchan was not allowing him to invoke the advice he claims he was given by lawyers. Criminal defendants sometimes employ an “advice of counsel” defense to try to demonstrate that they had not intended to break the law. “Here, I’m not even allowed to say ‘advice of counsel.’ This is a new one to me, ‘advice of counsel,’” Trump told reporters outside the courtroom. “When you have a lawyer and the lawyer does something or advises you on something, you…

Amid deeply troubling public employee recruitment and retention challenges, the Alaska Senate recently passed a bill to return public employees to a defined benefit pension plan. This would reverse a 2005 decision that closed Alaska’s two statewide pension plans to new hires. I’m in Alaska this week meeting with stakeholders and sharing the findings from a recent NIRS report requested by the Alaska Department of Education on teacher recruitment and retention as the legislative session quickly approaches its 2024 conclusion. Over the course of this week, I intend to share my observations from what are proving to be highly interesting…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.125% as of April 2, which is 0.125 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea…