panida wijitpanya Employees at Meta Platforms ( META ) staged protests across multiple U.S. offices against newly installed mouse-tracking software, distributing flyers and petitions criticizing the technology as intrusive workplace surveillance, according to Reuters report that cites photos of the pamphlets. "Don't want to work at the Employee Data Extraction Factory?" the pamphlet read, accordi...
panida wijitpanya Employees at Meta Platforms ( META ) staged protests across multiple U.S. offices against newly installed mouse-tracking software, distributing flyers and petitions criticizing the technology as intrusive workplace surveillance, according to Reuters report that cites photos of the pamphlets. "Don't want to work at the Employee Data Extraction Factory?" the pamphlet read, according to the report . The pamphlets and petition distributed also cited the U.S. National Labor Relations Act, stating that "workers are legally protected when they choose to organize for the improvement of working conditions." These protests come ahead of Meta’s ( META ) planned 10% workforce reduction and reflect growing internal concerns that employee activity data is being used to train AI systems that could eventually automate jobs. Meta ( META ) spokesperson Andy Stone pointed to an earlier company statement defending the mouse-tracking technology. "If we're building agents to help people complete everyday tasks using computers, our models need real examples of how people actually use them — things like mouse movements, clicking buttons, and navigating dropdown menus," the statement said. More on Meta Why Meta Is My Top Pick: Priced For A Recession With Massive Upside Meta: Reiterating Strong Buy After The Post-Earnings Drawdown Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? Meta temporarily provides AI chatbots with WhatsApp access during EU investigation Meta Platforms sued by Santa Clara County over scam ads - update
Channel 4 takes an unvarnished, extraordinary delve into a troubling case. Plus, could butterflies be the secret to a longer life? Here’s watch to watch this evening 10pm, Channel 4 Continue reading...
Channel 4 takes an unvarnished, extraordinary delve into a troubling case. Plus, could butterflies be the secret to a longer life? Here’s watch to watch this evening 10pm, Channel 4 Continue reading...
(RTTNews) - Adecco Group (ADEN.SW) reported that its first quarter net income attributable to shareholders increased to 69 million euros from 60 million euros, prior year. Earnings per share was 0.41 euros compared to 0.36 euros. Adjusted net income attributable to shareholders i
(RTTNews) - Adecco Group (ADEN.SW) reported that its first quarter net income attributable to shareholders increased to 69 million euros from 60 million euros, prior year. Earnings per share was 0.41 euros compared to 0.36 euros. Adjusted net income attributable to shareholders i
ABN Amro Bank NV reported quarterly profit that beat analysts’ estimates as fee income surged and lending income also rose. Net income for the three months through March amounted to €692 million ($812 million), the Amsterdam-headquartered lender said in a statement on Wednesday. That compared with analyst expectations of €597.2 million in a Bloomberg survey. Chief Executive Officer Marguerite Bera...
ABN Amro Bank NV reported quarterly profit that beat analysts’ estimates as fee income surged and lending income also rose. Net income for the three months through March amounted to €692 million ($812 million), the Amsterdam-headquartered lender said in a statement on Wednesday. That compared with analyst expectations of €597.2 million in a Bloomberg survey. Chief Executive Officer Marguerite Berard , who’s been at the helm for a year, has sought to cut costs and pull back from less profitable businesses. She’s cutting a net 5,200 staff by 2028, offloading a personal loan unit and bolstering ABN Amro’s retail banking presence with a €960-million acquisition of Dutch competitor. ABN Amro eliminated 528 jobs in the first quarter, while saying it expects a “moderation in the pace of reductions” for the rest of the year. The bank also improved its guidance for costs in the full year to about €5.5 billion. Net interest income —the difference between what the bank earns on loans and pays on deposits— beat estimates in the first quarter. Fees rose 20%, buoyed by its purchase of German wealth manager Hauck Aufhäuser Lampe AG and the clearing business, which has benefited from elevated market volatility, it said. Dutch banks, which still largely depend on interest-linked income, are set to benefit from potential rate increases by the European Central Bank as it assesses fallout from the Iran war. “The Dutch economy has remained resilient so far, although the war in the Middle East has increased uncertainty,” Berard said in the statement. “We maintain a conservative outlook for Dutch house price growth and expect fewer transactions this year.” ABN Amro still targets a return on equity of more than 12% and a cost-to-income ratio of below 55% in 2028. The Dutch state, which is ABN Amro’s largest shareholder, has been steadily paring its stake in the lender with a goal of reaching about 20%. Its holding stood at 24.9%, according to a regulatory filing in April. Net interest inco...
Valneva press release ( VALN ): Q1 GAAP EPS of -€0.18. Revenue of €30.9M (-37.2% Y/Y). Total product sales of €30.5 million. Cash position of €105.3 million as of end March 2026, excluding proceeds from successful reserved offering completed in April 2026 . Operating cash burn continued to decline, improving to €0.3 million in the first quarter of 2026, compared to €8.1 million in the first quarte...
Valneva press release ( VALN ): Q1 GAAP EPS of -€0.18. Revenue of €30.9M (-37.2% Y/Y). Total product sales of €30.5 million. Cash position of €105.3 million as of end March 2026, excluding proceeds from successful reserved offering completed in April 2026 . Operating cash burn continued to decline, improving to €0.3 million in the first quarter of 2026, compared to €8.1 million in the first quarter of 2025. Financial Outlook Valneva is adjusting its 2026 sales and revenue guidance partially as a result of an emerging adverse trend in travel vaccine uptake across key markets, driven by geopolitical factors. The Company is therefore revising its product sales guidance to €135 million to €150 million from €145 million to €160 million previously Other revenues are reconfirmed – resulting in a new total revenue guidance of €145 million to €160 million. More on Valneva Valneva SE (VALN) Q4 2025 Earnings Call Transcript Valneva SE 2025 Q4 - Results - Earnings Call Presentation Pfizer, Valneva SE report phase 3 results for Lyme vaccine candidate Valneva inks licensing deal with Elaris for vaccine technology Seeking Alpha’s Quant Rating on Valneva
Mohamad Faizal Bin Ramli/iStock via Getty Images The gasoline price spike hit CPI inflation for the second month, but electricity prices also spiked, core services inflation spiked – it’s the biggie, accounting for over 60% of CPI – and food prices jumped. So it’s a mess – and even if the Fed wants to “look through” the impact of the gasoline price spike, it’s going to smack into surging core serv...
Mohamad Faizal Bin Ramli/iStock via Getty Images The gasoline price spike hit CPI inflation for the second month, but electricity prices also spiked, core services inflation spiked – it’s the biggie, accounting for over 60% of CPI – and food prices jumped. So it’s a mess – and even if the Fed wants to “look through” the impact of the gasoline price spike, it’s going to smack into surging core services inflation, accelerating food inflation, and surging electricity inflation driven by the AI bubble. The all-items CPI spiked, seasonally adjusted, by 0.64% in April from March, or by 8.0% annualized, on top of the majestic spike in the prior month (blue line in the chart). Not seasonally adjusted, it was even worse: +0.85% (+10.7% annualized). Year-over-year, the all-items CPI jumped by 3.81%, the worst inflation reading since April 2023, according to data from the Bureau of Labor Statistics today (red in the chart). Negative “real” rates: The year-over-year CPI, rising by 3.8%, has now blown by the Federal Reserve’s policy interest rates of 3.5% to 3.75%, thereby turning the Fed’s policy rates negative in “real” terms (adjusted for CPI). This situation of short-term borrowing costs below the rate of inflation is stimulative of inflation and of the economy. The bond market should freak out if the Fed sits on its hands and watches it play out. The CPI for core services , which excludes energy utilities such as electricity, jumped by 0.50% (+6.2% annualized) in April from March, the worst spike since March 2024 (blue in the chart below). It was driven by hot inflation in housing (Rent and Owners Equivalent of Rent, see below), lodging away from home, including hotels and motels and airline fares. It weighs over 60% in the all-items CPI. Year-over-year, it accelerated to +3.3% (red line). The “core CPI,” which excludes the spike in energy prices and food prices, jumped by 0.38% in April from March (+4.6% annualized), the worst increase since January 2025. Year-over-year, i...
The Surfers Paradise development has been abandoned with Altus Property Group and the Trump Organization blaming each other The little-known property developer and the US president’s son were all smiles when they shook hands on Valentine’s Day within the gilded walls of Mar-a-Lago on a deal they claimed would bring a Trump Tower to Australia’s Gold Coast . But that dalliance has been dashed in les...
The Surfers Paradise development has been abandoned with Altus Property Group and the Trump Organization blaming each other The little-known property developer and the US president’s son were all smiles when they shook hands on Valentine’s Day within the gilded walls of Mar-a-Lago on a deal they claimed would bring a Trump Tower to Australia’s Gold Coast . But that dalliance has been dashed in less than three months, with the developer now claiming the Trump brand is now too “toxic” to work with – and the Trump Organization responding that their local partner had provided only “empty promise, after empty promise”. Continue reading...