Pharmaceutical giant Pfizer has just revealed that its revenue dropped dramatically in the first quarter of 2023. The drop is primarily due to COVID-19 vaccine sales plummeting. The company reported $18.3 billion in revenue. The figure is a significant drop from the $25.6 billion the company raked in during the…
JPMorgan Chase is buying First Republic Bank after the beleaguered institution was seized by the Federal Deposit Insurance Corporation (FDIC). As Slay News reported, First Republic collapsed late last week, marking the third significant implosion in under two months. Regulators stepped in after the First Republic's shares plunged further to…
Twitter boss Elon Musk has spoken out to warn the public about the dangers of putting children through life-altering sex-change treatments. Since his takeover of Twitter, Musk has been outspoken on the issue of gender-transitioning minors. In a post on Twitter last week, Musk cited a study conducted in Sweden…
U.S. federal government regulators have issued a warning to artificial intelligence (AI) companies about potential misuse of the rapidly advancing technology. On Tuesday, several federal government agencies warned that they already have the power to prevent unlawful “bias in algorithms and technologies” marketed as AI. Four federal agencies joined forces…
Popular outdoor recreation retailer REI is closing its store in Portland, Oregon, due to the city's soaring crime rates. The company announced on Monday that it is shuttering the Pearl District store located in downtown Portland due to increasing local crime. REI also revealed that it has suffered retail loss…
Goldman Sachs economists have warned that two-thirds of all occupations across America could be partially automated by artificial intelligence (AI). Top economists Joseph Briggs and Devesh Kodnani issued the warning in a report published on April 5. According to the report, a new wave of AI systems, such as ChatGPT,…
The Internal Revenue Service (IRS) raked in a record-breaking $5 trillion in taxes last year. The amount of taxes collected from Americans has soared under President Joe Biden, an analysis of IRS data shows. Tax enforcement has also risen under Biden compared to President Donald Trump’s tenure. According to the…
President Donald Trump's vast business empire has been expanding since his return to private life, his recently filed personal financial disclosure report shows. Trump's business is now valued at around $1.2 billion, according to the 101-page report (pdf) filed with the Federal Election Commission (FEC). The news comes as Trump…
The Internal Revenue Service (IRS) has warned American taxpayers that time is running out to claim tax refunds for 2019. On Wednesday, the IRS announced that over a million Americans have unclaimed tax refunds for the 2019 tax year. The deadline to make the claims is now looming as a…
Baby boomers have just taken the top spot when it comes to buying homes in America. Boomers, aged 58–76, have now surpassed millennials, ranging from ages 24–42, as the top home-buying generation, a just-released study by the National Association of Realtors (NAR) indicates. The NAR indicates in its 2023 Home…