Author: Press Room

TL;DR The New York Fed’s yield curve model now puts the likelihood of a recession at 58%, the highest it’s been since 1982 Google CEO Sundar Puchai has joined the call for greater regulation of AI, seeing both the disruptive potential and the capacity for misuse Elon Musk has also weighed in further to the AI debate, saying that the current language models like ChatGPT have inherent bias and political correctness and that he’d like to create his own version – “TruthGPT” Top weekly and monthly trades Subscribe to the Forbes AI newsletter to stay in the loop and get…

Corning (NYSE: GLW) is scheduled to report its Q1 2023 results on Tuesday, April 25. We expect the company to post revenue and earnings in line with the street expectations. Although the company has benefited from 5G expansion and cloud computing in recent quarters, it expects the overall top line to be weighed down by the lockdowns in China. Furthermore, we believe GLW stock has little room for growth, as discussed below. Our interactive dashboard analysis of Corning Earnings Preview has additional details. (1) Revenues expected to be in line with the consensus estimates Trefis estimates Corning’s Q1 2023 revenues…

In a recent article on how to stop overpaying for college, I laid out some pretty troubling statistics on our current student loan debt crisis. This includes the fact that cumulative student debt for Americans is currently at $1.75 trillion dollars, with $28,950 owed per borrower on average. Within that amount, around 92% of student loans were federal in 2023, and the rest of the debt came from private student loans. Of course, student loan data shows plenty more worrisome trends. For example, students in some states had much higher debt levels with New Hampshire and Delaware students leading the…

Retirement planning is probably the most common topic that I get questions about, whether on our financial coaching line or our group workshops and webcasts. I find there are quite a few recurring myths that could be hurting people’s ability to plan properly for their retirement. Here are 10 of the ones I hear most often: 1. It’s too early to start saving for retirement. I particularly hear this from young people and it’s unfortunate for a few reasons. First, with the decline in the number of traditional pension plans and potential cuts in government programs like Social Security and…

Ensuring abundant green space can be placed within new residential communities is a comparatively fresh approach to land planning. But at select residential environments across the Carolinas, designing with nature by protecting large natural habitats has long been a tradition. It might be said these communities exist within, rather than simply on top of, the land. Kiawah Island An example can be found in South Carolina, at the Kiawah Island community set on a distinctive barrier island. Since its establishment in 1974, designers have striven to safeguard a delicate balance between the natural world and the built environment. More recently,…

The Free Application for Federal Student Aid (FAFSA) makeover aimed at streamlining the application process and altering the formula for eligibility, could also mean that some families may be facing extra costs, according to two recent reports. The FAFSA simplification act overhauls the application process for student aid. Changes to the financial aid eligibility formula from Expected Family Contribution (EFC) to the new Student Aid Index (SAI) and a more streamlined form that reduces application questions to roughly 40 questions, down from 100, are among the many updates families can expect. The changes will take effect in July, in time for…

Apple’s virtual reality headset will run with hundreds of thousands of iPad apps and take an all-encompassing approach to features, according to Bloomberg.In a bid to entice both developers and consumers, Apple has included gaming, fitness, and e-reader functionality for the virtual reality headset, Bloomberg reported. Customers will reportedly be able to watch sports in virtual reality and play “top-tier” games that work with Apple’s other devices.The headset will run most of Apple’s flagship iPad apps, including Books, Camera, FaceTime, Maps and Messages. There are also hundreds of thousands of third-party iPad apps that will reportedly be compatible with the…

Disney began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed.Earlier this year, Disney said it would slash 7,000 jobs from its workforce as part of a larger reorganization of the company that will see it cut costs by $5.5 billion. The announcement was made during Bob Iger’s first earnings call since returning as CEO.Disney officials said Monday that they don’t take the departure of so many colleagues lightly. Eliminating 7,000 jobs from its workforce equates to about 3% of the roughly 220,000 people Disney employed as…

Employers who want a productive, engaged workforce could do more to train, develop and support those in their managerial ranks. That’s because managers are the secret sauce. Gallup’s Quarterly Workforce Indicator surveys consistently show that managers are a linchpin to employee engagement, retention, productivity and trust in leadership. As it turns out, effective training for managers is not a thing at many workplaces. “I would say 99% of employers don’t provide effective training — and I’m not exaggerating there,” said Ashley Herd, a former human resources executive who founded @ManagerMethod. “While some provide training, rarely is it effective [in providing]…

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