The US Department of Education has transferred responsibility for collecting defaulted student loans to the Treasury Department, starting with a phase that affects nearly 6 million borrowers who owe more than $120 billion. The move is part of a three-phase plan to offload key functions from the office of Federal Student Aid. The Trump administration … Read more
Meta’s metaverse ambitions have sparked debate, but the company has reversed its decision on Horizon Worlds for VR. CTO Andrew “Boz” Bosworth announced that the community’s demand for access to the virtual environment led to a change of heart. Horizon Worlds will continue to operate in VR, while new games won’t be created for it. … Read more
Adobe has settled a lawsuit filed by the Department of Justice, resolving allegations of disclosure and subscription cancellation practices. The company agreed to pay $75 million in services for free to eligible customers and another $75 million to the DOJ. To support its mission of empowering everyone to create, Adobe offers flexible subscription plans with … Read more
TipRanks.com is currently checking your identity to ensure it’s a real person, not a malicious robot. Don’t worry – this security measure is normal and will only take a few seconds to complete. Source: https://www.tipranks.com/news/new-scrutiny-adobe-adbe-faces-u-k-probe-over-early-cancellation-fees
Jeff Bezos is in talks to raise $100 billion for a new fund that aims to use AI technology to accelerate manufacturing companies’ path to automation. The Amazon founder will meet with top asset managers and sovereign wealth representatives from the Middle East and Asia. This comes after his recent visits to discuss the project, … Read more
Cursor, a San Francisco-based AI startup, has launched Composer 2, its latest in-house coding model. The new model offers improved benchmarks, lower pricing, and faster performance compared to its predecessor, Composer 1.5. Composer 2 is designed specifically for Cursor’s agentic AI coding environment, which allows users to complete complex coding tasks with long-horizon coding capabilities. … Read more
Visual Studio Code, a popular coding platform for web development, has experienced issues with its latest update. Users are reporting an error message indicating that the webpage cannot be reached due to a HTTP/2 protocol error. It seems that the site may be temporarily down or permanently moved to a new address. We will keep … Read more
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu made efforts to calm market fears by ruling out further military action against Iran’s energy facilities. However, oil prices remain volatile due to damage to major Persian Gulf energy facilities. Trump stated that the US will not deploy ground troops, while Netanyahu promised restraint in … Read more
For decades, some economists believed that raising the minimum wage would lead to job loss. However, a 1994 paper by David Card and Alan Krueger showed this isn’t always true. This sparked a long-standing debate among economists, which remains highly relevant today due to ongoing discussions about the minimum wage’s impact on jobs. Source: https://www.wsj.com/economy/jobs/minimum-wage-jobs-cost-debate-card-krueger-63b21af2
Sharon Lane, 72, left her California home to live on a cruise ship full-time. She sold all her belongings and traded sunny days in Orange County’s gated communities for the high seas. Gone are the golf courses, pools, and dog-friendly neighborhoods – replaced by life on board with no fixed address. This trend is catching … Read more