Newsletter Mar 30, 2023
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Markets
DJIA 32,717.60 1.00%
S&P 500 4,027.81 1.42%
Nasdaq Composite 11,926.24 1.79%
Japan: Nikkei 225 27,883.78 1.33%
UK: FTSE 100 7,564.27 1.07%
Crude Oil Futures 72.84 -0.18%
Gold Futures 1,964.30 -0.13%
Yen 132.63 -0.18%
Euro 1.08 0.01%
* As of market close

 
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Schultz backs Starbucks' anti-union stand

Longtime Starbucks leader Howard Schultz defended the coffee chain's confrontational approach to unionization at a Congressional hearing on Wednesday, insisting it had not violated U.S. labor laws. The hearing was convened by Sen. Bernie Sanders (I-Vt.), who called Starbucks' actions "illegal union busting." Schultz said he understood that workers have the right to unionize, but argued that management-led efforts to persuade employees otherwise were also protected.

THE HEATED EXCHANGE BETWEEN SANDERS AND SCHULTZ



Musk calls for pause on major AI projects

Billionaire mogul Elon Musk and a range of experts called for a pause in the development of powerful artificial intelligence systems to allow time to make sure they are safe. An open letter, signed by more than 1,000 industry leaders, called for governments to step in and impose a moratorium if companies failed to agree. Six months should be used to develop safety protocols, AI governance systems and refocus research on ensuring AI systems are accurate, safe, "trustworthy and loyal".

WHICH NEW AI PROGRAM PROMPTED MUSK, OTHERS TO ACT?


McCartney photos offer insight to Beatles

A UK art gallery on Thursday released a handful of previously unseen photographs taken by Paul McCartney, ahead of a major display later this year showcasing how he captured Beatlemania through his own lens. The National Portrait Gallery unveiled the five photos from an archive of more than 250 images shot by McCartney between 1963 and 1964 which will feature in its exhibition opening in late June.

SEE THE MCCARTNEY PHOTOS ON DISPLAY AT ART GALLERY


Name game

What early rock-n-roll act was the inspiration for "The Beatles" name?

Wednesday's answer: Secretary of State William Seward made the Alaska Purchase for $7.2 million, or about 2 cents per acre, in 1867.

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