AI Bots Placed In Virtual Town For 2 Weeks Go Apesh*t, Prompting Concerns

SEC Case Against Musk Over Twitter Stake Heads to Trial Elon Musk and the U.S. Securities and Exchange Commission are no longer pursuing a quick settlement and instead appear headed for a courtroom fight over Musk’s 2022 takeover of Twitter, according to Bloomberg. In a status update filed Wednesday, both sides said they had explored possible resolutions but ultimately agreed the case isn’t suited for mediation. “The parties do not believe that this case would benefit…from…ADR,” the filing states, signaling a shift toward full litigation. At the center of the case is...

PayPal Prepares Job Cuts As New CEO Takes "Deliberate Steps" In Turnaround Strategy PayPal shares fell 10% in the early U.S. cash session after CEO Enrique Lores began a turnaround effort aimed at "taking deliberate steps to sharpen focus and accelerate growth." Lores is pushing forward with a new turnaround plan that could generate at least $1.5 billion in savings for the struggling payment platform over the next two to three years. This will allow the company to reinvest in technology modernization. Lores said in an earnings release that PayPal...

The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?