Business

On Monday evening, one of those employees, Haraldur Thorleifsson, a well-known designer at the company, complained on Twitter that the company had yet to confirm his dismissal, nine days after he was locked out of his work computer. Twitter’s CEO responded by asking Haraldur what he does on Twitter. Musk even tweeted that he would allow Haraldur to breach confidentiality…

A private bank is trying to force the Biden administration to end its moratorium on federal student loans, arguing the moratorium has no legal basis and has cost the bank known for its refinancing business millions of dollars in profits. In a federal lawsuit filed in Washington on Friday, SoFi Bank asked a federal judge to overturn President Joe Biden’s…

The announcement came on the same day that the governor of Pennsylvania announced that the company had agreed to pay millions of dollars to help cover the state’s response and recovery costs. The company said it will evaluate the distance between “hot bearing” detectors — currently an average of 22 kilometers (13.9 miles) on its core network — and promised…

The US can block Twitter from releasing details about the government’s demands for user information in national security investigations, a court ruled the same week that House Republicans should spy on national security officials over surveillance. Twitter had protested the government’s redactions on a 2014 “transparency report” that provided a numerical breakdown of national security-related data requests from the previous…

Women’s rights are “abused, threatened and violated” around the world, and gender equality will not be achieved on the current path for 300 years, the United Nations Secretary-General warned on Monday. Antonio Guterres, speaking at the inaugural session of the Commission on the Status of Women – the UN’s first global body fighting for gender equality – said decades of…

The persistence of the gender pay gap is a long-standing problem worldwide. In the US, women earn 92 cents for every dollar men make, and global female labor force participation has remained flat for decades—only about half of working-age women participate in the labor market, compared to about 80% of men. But as more women climb the corporate ladder, the…

The Federal Trade Commission is expected to sue Intercontinental Exchange Inc. as early as Thursday over its proposed $13.1 billion acquisition of mortgage software competitor Black Knight Inc., according to two people familiar with the matter. The FTC is expected to challenge the deal over concerns that it would create a near-monopoly in the lending software market and give a…

Artificial intelligence is already revolutionizing everything from filmmaking to cybersecurity, and it might also be poised to create major breakthroughs in medicine that have baffled researchers for decades. The use of AI in medicine has increased in recent years, especially in the diagnosis of diseases and conditions. A growing number of physicians already rely on deep learning, a machine learning…

After falling more than 33% last year amid aggressive rate hikes and stubborn inflation, the tech-heavy Nasdaq Composite has rallied about 12% in 2023. Better-than-expected jobs data, the rise of artificial intelligence (AI) and optimism about a potentially dovish Federal Reserve have helped boost the ailing sector. But Gene Munster, a veteran tech analyst and managing partner at Deepwater Asset…

South Carolina’s governor said Monday he would ask lawmakers to approve nearly $1.3 billion to bring a new electric-vehicle plant into the state from a Volkswagen-backed corporation trying to revitalize a brand which was a forerunner of today’s SUVs in the 1960s. Officials from Scout Motors Inc. and South Carolina announced plans to begin building new Scout vehicles, this time…