Paramount Global Announces Layoff of 800 Employees Following Super Bowl LVIII
Paramount Global, the owner of CBS, announces the layoff of 800 employees just days after the most-watched Super Bowl in history. CEO Bob Bakish emphasizes the move is to build on momentum and execute strategic vision. The reduction in workforce reflects a shift in the company’s approach and raises questions about the future direction of the media landscape.
Minted partners with DoorDash for nationwide greeting card delivery
Minted has partnered with DoorDash to offer nationwide on-demand delivery of greeting cards, catering to younger generations who have embraced online food delivery. The collaboration will kick off with a Valentine’s Day collection, followed by a broader assortment of cards for everyday occasions. The partnership aims to provide convenience and quality to Millennials and Gen Z consumers, while supporting independent artists. In other industry news, Elevate Software has acquired Mi9 Retail, positioning the company as a significant player in the retail technology space.
Stock Market Plummets After Release of Hotter-Than-Expected Inflation Data
The stock market saw a significant drop as the Dow Jones Industrial Average lost 516 points, the S&P 500 and Nasdaq Composite also slid. The cause was hotter-than-expected inflation data for January, leading to concerns about the Federal Reserve’s rate cuts. Tech giants like Microsoft and Amazon suffered losses, while JetBlue Airways and Hasbro experienced individual challenges. Bitcoin also declined to $48,543.35 after the CPI report, impacting related stocks like Coinbase and Microstrategy.
New York State Law Mandates Display of Total Prices for Credit Card Purchases
New York has implemented a new law requiring businesses to display total prices, including credit card surcharges, before checkout. Businesses can offer a cash discount with a two-tiered pricing option, but must explicitly show credit card prices. The law aims to increase transparency and limit credit card surcharges to the amount charged to businesses by credit card companies.
Bose Smart Ultra Soundbar: A Top-Tier Option for High-Quality Audio
Looking for a new soundbar? The Bose Smart Ultra Soundbar offers superior sound quality, Dolby Atmos playback, music streaming, and voice control. With a sleek design, it’s a top contender in its category, but consider other options like the Vizio Elevate and Sonos Arc before making a final decision.
Renowned Software and Hardware Developer John Walker Passes Away
Renowned software and hardware developer, John Walker, has passed away, leaving behind a legacy of innovation and pioneering contributions to the technology industry. Walker revolutionized Computer-Aided Design (CAD) with the introduction of AutoCAD in 1982 and gained recognition for creating ANIMAL, a self-replicating computer game. Despite facing challenges with Project Xanadu, Walker’s impact on the technology industry is undeniable.
University of Kentucky Researchers Develop Innovative Solution to Combat Plastic Pollution
University of Kentucky researchers have developed a groundbreaking solution using natural deep eutectic solvents to capture and remove tiny plastic particles from water, addressing the pressing issue of plastic pollution in the world’s oceans.
Xiaomi Pad 6S Pro: Unveiling the Latest Innovation in Tablet Technology
Get ready for the latest innovation in tablet technology with the unveiling of the Xiaomi Pad 6S Pro. Boasting a stunning 12.4-inch screen, Snapdragon 8 Gen2 processor, and rumored 120W wired fast charging, this tablet is set to redefine your digital experience. Stay tuned for more updates on its release and availability.
New macOS Malware Threat: RustDoor Poses as Visual Studio Update
A new malware threat known as RustDoor is targeting macOS systems by posing as a Visual Studio update. The backdoor access tool is designed to compromise systems and has been active since at least November 2023. Researchers at Bitdefender have found evidence suggesting a possible connection with ransomware operators, raising concerns about potential threats to macOS users.
Scientists Make Breakthrough in Study of Cannibalized Stars
Georgia State University’s Center for High Angular Resolution Astronomy (CHARA) Array scientists have made a breakthrough in the study of cannibalized stars. The research team led by Postdoctoral Research Associate Robert Klement completed a survey of stars suspected to have devoured gas from orbiting companion stars, directly detecting the feeble glow of the cannibalized stars. Published in The Astrophysical Journal, the findings shed light on the life trajectory of close binary stars, providing valuable insights into the dynamics of these star systems.