March 6, 2024

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Latest March 6, 2024

US Private Payrolls and Wage Growth Show Modest Gains in February

Key Points: U.S. private payrolls increased by 140,000 jobs in February, slightly below economists' expectations. The trade, transportation, and utilities sectors led the growth, and there were notable construction and manufacturing employment increases. Wages for workers staying in their jobs saw an annual increase of 5.1%, marking the slowest pace in 2.5 years. Fed Chair...

Elon Musk’s Legal Battle with OpenAI Unveils Internal Discord and Allegations

Key Points: Elon Musk's lawsuit against OpenAI alleges breach of contract, breach of fiduciary duty, and unfair competition. OpenAI published old emails from Musk, revealing past disagreements and discussions about the organization's direction. Musk's lawsuit accuses OpenAI of being a "closed-source de facto subsidiary" of Microsoft, which OpenAI denies. The legal battle highlights the complexities...