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Rocket Companies Hires Shawn Malhotra to Drive ‘AI-Fueled Homeownership’
Rocket Companies Hires Shawn Malhotra to Drive ‘AI-Fueled Homeownership’
May 06, 2024  |  Personnel

Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO). In this newly created role, Malhotra will oversee the development and implementation of artificial...

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Tesla Cutting Jobs Across Departments as Part of Restructuring
Tesla Cutting Jobs Across Departments as Part of Restructuring
May 06, 2024  |  Economy

Tesla has reportedly laid off employees across several departments over the last three weeks. These job cuts follow the automaker’s announcement three weeks ago that it...

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Gig Worker Ballot Measures Get Hearing in Massachusetts Court
Gig Worker Ballot Measures Get Hearing in Massachusetts Court
May 06, 2024  |  Gig Economy

The Massachusetts Supreme Judicial Court heard oral arguments Monday (May 6) regarding a proposed ballot measure that seeks to redefine the employment relationship between rideshare and...

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Cryptocurrency Super PACs Among Top Fundraisers for 2024 Elections
Cryptocurrency Super PACs Among Top Fundraisers for 2024 Elections
May 06, 2024  |  Politics

Cryptocurrency sector-backed super political action committees (PACs) have become one of the top three fundraisers in the 2024 election season.  With more than $102 million...

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New York Fed: Fewer Renters Expect to Ever Buy Home
New York Fed: Fewer Renters Expect to Ever Buy Home
May 06, 2024  |  Consumer Insights

Renters are less confident that they will ever own a home than they have been since the Federal Reserve Bank of New York began asking them about...

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CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests
CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests
May 06, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against the National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that they ignored student...

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India Proposes CBDC That Can Function Offline
India Proposes CBDC That Can Function Offline
May 06, 2024  |  CBDC

India’s central bank wants its digital currency to be available without internet access. “One of the key features of cash is that it works offline,” Reserve...

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Report: Microsoft Working on ‘Far Larger’ In-House AI Model
Report: Microsoft Working on ‘Far Larger’ In-House AI Model
May 06, 2024  |  artificial intelligence

Microsoft is reportedly working on a new, in-house artificial intelligence (AI) model that is “far larger” than the other open source models it has trained. The new model, MAI-1,...

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ECB Official: Central Banks Must ‘Speed Up’ CBDC Adoption
ECB Official: Central Banks Must ‘Speed Up’ CBDC Adoption
May 06, 2024  |  CBDC

Bundesbank’s president said central banks must speed the adoption of digital currency to remain viable. “If you would have asked me 20 years ago if...

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