Friday, June 21

Economy

UAW reaches agreement on pay and safety at electric vehicle battery plant
Economy

UAW reaches agreement on pay and safety at electric vehicle battery plant

More news - News 24 hours GM and Ultium released statements saying they were pleased with the deal. The union said it wants to use the Ultium Cells contract as a model to negotiate local deals at other battery plants that GM and its Detroit rivals are building. GM began production this year at a battery plant in Spring Hill, Tennessee, and has another under construction in Lansing, Michigan. Ford Motor plans two battery plants in Kentucky, one in Tennessee and one in Michigan. Stellantis, the maker of Chrysler, Jeep, Dodge and Ram vehicles, plans two battery plants in Indiana. Aside from a Ford location, these plants involve joint ventures that were brought under the umbrella of the UAW as part of national contracts the union signed with Ford and Stellantis last fall. The Ultium C...
Amazon fined nearly $6 million over warehouse labor quotas
Economy

Amazon fined nearly $6 million over warehouse labor quotas

More news - Latest news An Amazon spokesperson said in a statement that the company is appealing the sanctions and denied that the company used "fixed quotas." Spokeswoman Maureen Lynch Vogel said that “individual performance is evaluated over an extended period of time, compared to the performance of the entire site team” and that workers can “review their performance whenever they wish.” . California law also prohibits quotas that interfere with employees' ability to take mandatory breaks or use the bathroom, or that prevent employers from following state health and safety laws. Experts said the law was among the first in the country to regulate algorithmically tracked inventory quotas and require employers to make quotas transparent to workers. The fines announced Tuesday are t...
Disney’s Splash Mountain will reopen with a Princess Tiana theme
Economy

Disney’s Splash Mountain will reopen with a Princess Tiana theme

More news - Latest news Tiana's Bayou Adventure uses the same trails as Splash Mountain, and riders continue to ride in vehicles made to look like hollowed-out logs. But everything else has been redesigned. Instead of a suspenseful story that sees Br'er Rabbit thrown into a field of brambles, the new attraction focuses on a Mardi Gras party: Tiana and her friend Louis, a trumpet-playing alligator, are on a quest to creatures to form a gang with. Midway through the film, the cheerful Mama Odie, a voodoo queen in "The Princess and the Frog" and now a "fairy godmother of the bayou," casts a spell, supposedly shrinking the knights to the size of fireflies. Tiana's Bayou Adventure also has a new slogan: "Everyone is welcome." While walking Tiana's Bayou Adventure with a reporter during ...
Muhammad Ali’s childhood home is up for sale
Economy

Muhammad Ali’s childhood home is up for sale

Related media - Breaking news George Bochetto, a Philadelphia lawyer who claimed to own the house with his late partner's widow, bought it in 2016 for $60,000. “It was abandoned for many years. It was run down,” Mr. Bochetto said in an interview Tuesday. He marveled at how “this little house on the western edge of Louisville, modest as it was, could produce a magnificent world figure.” He added: “Muhammad Ali was one of my heroes as a child.” Mr. Bochetto said he wants the new owners to "make sure the house is preserved" as an honor to him. The sale would also include the contents of the house, he said. “My goal now is to sell this property to an institution or an individual or group of individuals who will be dedicated to preserving and promoting the property as a national historic...
The United States leads the way in antitrust investigations into Nvidia, Microsoft and OpenAI
Economy

The United States leads the way in antitrust investigations into Nvidia, Microsoft and OpenAI

More news - Breaking news For months, Nvidia, Microsoft and OpenAI have largely escaped the brunt of the Biden administration's regulatory scrutiny. But things started to change when generative AI, capable of producing human-like text, photos, video and audio, hit the scene in late 2022 and created a frenzy in the industry. Regulators have recently signaled that they want to get ahead of developments in artificial intelligence. In July, the FTC launched an investigation into whether OpenAI had harmed consumers through data collection. In January, the FTC also launched a broad investigation into strategic partnerships between tech giants and AI startups, including Microsoft's investments in OpenAI and Google and Amazon's investments in Anthropic, another young AI company . artific...
Modi in India, humiliated by voters, faces serious economic difficulties
Economy

Modi in India, humiliated by voters, faces serious economic difficulties

Related media - Latest news The humiliation of Modi's party resonates in part as an expression of popular frustration that India remains a land of economic peril for hundreds of millions of people, as well as a country characterized by startling contrasts in wealth. In big cities, five-star hotels boasting luxurious spas look down on teeming, unsanitary slums. In rural areas, malnutrition prevails under many roofs and families struggle to find the money to send their children to school. Even though its working-age population numbers about a billion, India has only 430 million jobs, according to the Center for Monitoring Indian Economy, an independent research institute based in Mumbai. And most of those considered employed are stuck in precarious circumstances as day laborers and ...
How the Humane AI Pin Failed
Economy

How the Humane AI Pin Failed

More news - News 24 hours Ms Bongiorno and Mr Chaudhri said Humane was working on problems with the device. The startup has added more voice navigation options to the device, as well as sound effects, to make it easier to use. The updates include the integration of OpenAI's latest chatbot system, GPT-4o, designed to improve battery life by 25% and reduce the device's response time to two seconds. Those updates responded to questions raised by auditors, the founders said. Ms. Bongiorno defined the reviews and feedback as “a gift given to us”. Companies are interested in the device, he added. Within 48 hours of its launch, more than 1,000 companies – including the retail, medical and education sectors – reached out to discuss a possible collaboration or creation of pin software, Bo...
Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain
Economy

Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

More news - Recent news Terms of the deal were not disclosed. Sony bought Alamo from Altamont Capital Partners and Fortress Investment Group, as well as the chain's founder, Tim League. Mr League said the cinema chain was “more than thrilled” with the deal. This comes at a time of financial difficulty for the Alamo and the film industry as a whole. Many of Alamo's franchised locations filed for bankruptcy and closed this month, making Sony's move a potential lifeline for the struggling chain. Alamo filed for Chapter 11 bankruptcy in 2021 before a private equity firm intervened. The theaters will continue to operate under the Alamo Drafthouse brand, Sony said, although they will be operated by a newly formed division at Sony led by Michael Kustermann, Alamo's chief executive. “Ala...
Check out photos from inside the 2024 Belmont Stakes
Economy

Check out photos from inside the 2024 Belmont Stakes

More news - News 24 hours Summer at the spa - a ritual that has lasted nearly 200 years - began early in Saratoga Springs, New York, with the third leg of the Triple Crown, the Belmont Stakes, held Saturday for the first time at Saratoga Race Course, a relic revered where elites and others mingle, but horses dominate. Broadway, the city's central thoroughfare, was abuzz with activity. Lines for picnic tables along the trail formed before dawn. A new color, Belmont Green, blends with the track's signature red and white coating. Owners, trainers, runners and loyalists all hailed the break with tradition for the 156th edition of the race. You may also be interested in - Other related media
Tesla shareholders will vote on Elon Musk’s big payday.  What happens then?
Economy

Tesla shareholders will vote on Elon Musk’s big payday. What happens then?

Related media - Latest news Tesla could use shareholder approval to support Musk's case in court. If it wins the vote on Musk's compensation, the company is likely to turn to Chancellor Kathaleen McCormick, the Delaware Court of Chancery judge who rejected the compensation plan, and argue that shareholders, armed with information she says not having had it when they approved the package, they ratified the proposal again. This, according to the company, makes the issue controversial. If McCormick were to declare the plan acceptable, it is likely that the plaintiffs who initially sued will appeal to the Delaware Supreme Court. Among their potential arguments: The new vote does not resolve an issue that had already been decided by a judge, and shareholder votes may have been influence...