Author: Press Room

Elon Musk said the government needs “some sort of contingency plan” to deal with powerful AI. Musk told Tucker Carlson there needs to be a way to shut it down if it gets out of hand. He has warned of AI’s dangers for years but recently announced his own AI venture. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk said the government needs to be prepared to step in if artificial intelligence gets out of hand.During the second part of an interview…

Just Eat Takeaway has pledged to buy back up to €150mn worth of shares, seeking to appease investors as orders continue to fall at Europe’s biggest food delivery group.The London- and Amsterdam-listed company reported a 14 per cent decline in the number of orders placed by customers globally in the first quarter to 227.8mn, narrowly missing analysts’ estimates. Gross transaction value, a measure of how much customers spend on the platform, declined 8 per cent to €6.67bn.The company has been hit by changes to consumer habits, having experienced a boom while people ordered takeaways during pandemic lockdowns. Over the past…

A toddler crawled through a White House fence on Tuesday, prompting a swift Secret Service response. Photos of the breach show the tiny intruder being caught by officers before being quickly reunited with his parents. While security alerts were rapidly lifted, it remains unclear if the infiltration resulted in a timeout. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “CNN’s 5 Things” delivered to your inbox daily. Sign up here.) Fox News will pay more than $787 million to Dominion Voting Systems after the two sides agreed to…

Fund managers are the most pessimistic of the year, precisely as the stock market flirts with its best levels. Bank of America’s monthly fund manager survey found that investors’ equity allocation fell 2 percentage points to a net 29% underweight in April. The S&P 500 SPX, +0.09% on Tuesday was at 4,154, near its 2023 high of 4,180. That’s as growth expectations also have deteriorated after a wave of mostly gloomy U.S. economic data. A net 63% expect a weaker economy over the next 12 months, the most pessimistic view since December. The fund managers also expect both global inflation,…

Splunk Inc. SPLK, -0.67% on Monday named a new chief technology officer: Min Wang, who led a team responsible for critical components of Alphabet Inc.’s GOOGL, -1.39% GOOG, -1.22% AI-driven Google Assistant. Wang’s appointment is the second addition Splunk has made to its C-Suite over the past week. The other is longtime employee Toni Pavlovich as chief customer officer. Read the full article here

Numbers can carry special weight when families do their taxes. This tax season, numbers also carry special weight for the Internal Revenue Service, the Treasury Department and the Biden administration.It’s the first filing season since Congress passed the Inflation Reduction Act, a tax and climate bill that included $80 billion to increase high-end audits, improve customer service and upgrade technology. The pandemic highlighted agency’s strain with its shrinking head count, and growing workload. It distributed three rounds of stimulus checks and monthly installments of child tax credit payments while processing backlogs and customer call wait times increased. As the filing…

Hi, MarketWatchers. Don’t miss these top stories.Biden administration wants to more rigorously audit the 1% — but that will be a lot trickier than it sounds The IRS recently revealed its plans to use $80 billion in extra funding. Read More Here’s one way the IRS will let you slide if you don’t file your 2022 taxes by April 18 Expecting a tax refund? Relax. If your return isn’t in for weeks, months — even years — the IRS can’t hurt you. Read MoreRising consumer prices took a massive toll on renters, analysis shows Two-thirds of renters making less than…

© Reuters. Smith & Nephew (SNN) a top pick at Bernstein, says ’12-point plan will drive top-line growth’ By Sam Boughedda Smith & Nephew (LON:) (NYSE:) is Bernstein’s top pick in EU medtech, analysts told investors in a note Friday. The analysts, who have an Outperform rating and a $36 price target on the stock, stated that the “ten-year turnaround is finally ready to deliver” and that the firm likes SNN’s team of CEO Deepak Nath and CFO Anne-Francoise Nesmes. They also noted the work done by the company under former CEOs in previous years. According to Bernstein, the gaps in…

By Arathy Somasekhar HOUSTON (Reuters) – Oil prices were little changed on Tuesday as upbeat economic data in No. 2 oil consumer China offset concerns that possible increases in U.S. interest rates could dampen growth in the top consuming country. Brent crude settled 1 cent, or 0.01%, higher at $84.77 a barrel, while West Texas Intermediate crude futures closed up 3 cents, or 0.04% at $80.86. China’s economy grew by a faster-than-expected 4.5% in the first quarter while oil refinery throughput rose to record levels in March, data showed. “The big picture with China’s growth still suggests a market that…

WASHINGTON (Reuters) – There was “some evidence” that China wants the dollar to weaken as the international reserve currency, said a White House nominee for a top economist position on Tuesday, and he urged Congress to raise the U.S. debt ceiling to protect the dollar’s value. Jared Bernstein, a member of the White House Council of Economic Advisers, told a Senate Banking Committee hearing on his nomination to head the body that U.S. control of the world’s reserve currency offered a number of benefits, including the ability to impose sanctions, as Washington had done on Russia over its war against…