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Global equities fall on the Federal Reserve’s dark Outlook

International equities declined after the Federal Reserve promised to keep its monetary policy aggressive and take a cautious note on jobs, prompting investors to review their assumptions about the US economic recovery. Stock index futures linked to the S&P 500 index lost 1.5%, suggesting Thursday a lower opening for US markets. The pan-continental … Source link

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George Floyd: Amazon bans police from using facial recognition technology

Copyright of the image Getty Images The tech giant Amazon has banned police from using its controversial facial recognition software for a year. It comes after civil rights defenders have raised concerns about the potential racial bias in surveillance technology. IBM also said this week that it would stop offering its facial recognition software for “mass surveillance or racial profiling”. …

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Grocery stores and universities should reopen sooner, suggest new research

The study, released on Tuesday, also determined that cafes, gyms, sporting goods stores, bookstores, tobacco and liquor stores should be closed late. Researchers who took part in an initiative led by the Massachusetts Institute of Technology performed a cost-benefit analysis of 26 different types of locations to determine what would be the compromise between a person’s relative risk of becoming …

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Dow futures drop more than 300 points after two days of losses

Stock futures fell on overnight overnight traders as investors assess the pace of economic recovery and developments in the coronavirus on Wednesday. Dow Jones’ industrial average futures fell 315 points, which implies a Thursday opening drop of around 329 points. The S&P 500 and Nasdaq 100 futures also indicated losses on Thursday open for the two indices. The futures moves …

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Greg Glassman: Days before resignation, CrossFit CEO told gym owners he doesn’t cry George Floyd

During the call, a gym owner in Minneapolis, Minnesota, where Floyd was killed and protests began over her death, explained that her community and members of her gym were mourning Floyd’s death. He asked why the company hadn’t released any statements about Floyd’s death, according to a call recording obtained from CNN Business. There were about 10 CrossFit affiliate owners …

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California regulators claim that Uber, Lyft drivers are employed

The Californian agency regulating Uber and Lyft said Tuesday in an order that hail drivers are employed under AB5, the state’s new concert work law, which marks a significant development in the battle over driver status. Separately, in a recent letter to passenger transport companies, the agency said they had to get workers’ compensation coverage for their drivers by July …

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