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Economists say the United States is not in a recession, but many companies seem to be bracing for one.  With numerous companies announcing massive layoffs and others on hiring freezes, the class of 2023 is getting ready to enter an uncertain job market. “I’ve been looking for jobs for quite awhile,”…

Visa Inc., MasterCard Inc., and Discover Inc., have paused their work on a plan to track when cardholders make purchases at gun stores. The payment processing companies said Thursday they have suspended their work on the International Organization for Standardization’s new merchant category code (MCC) for firearms and ammunition stores.…

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Palantir’s boss Alex Karp opposes the idea of a pause in artificial intelligence research, in contrast to an open letter from the Future of Life Institute signed by some of the biggest names in the tech industry.The letter, which has garnered over 31,000 signatures including names like Tesla CEO Elon…

UBS and the Swiss government announced Friday that they had signed a loss protection agreement, which will come into effect once the takeover of Credit Suisse is completed.The provisions will see the Swiss government cover losses of up to 9 billion Swiss francs ($10 billion) following UBS’ acquisition of its…

China’s cyberspace regulator plans to issue new rules clamping down on the use of wireless file sharing functions such as Bluetooth and Apple’s AirDrop on national security grounds. The move comes after protesters in China used AirDrop during anti-government protests in October 2022 to share content, bypassing strict internet censorship.…

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Cathie Wood’s Ark Investment has purchased around $20 million worth of Block shares as the crypto investment firm stand remains committed to crypto. According to data provided by ARK Invest Daily Trades, ARK Invest acquired a total of 305,573 shares of Block across six intervals between June 7-8, which now represents ARK’s…

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