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The economy of the eurozone has slipped into technical recession in the first quarter of the year as forecasts were revised downwards for both the end of last year and the first three months of 2023. Data from statistics agency Eurostat showed that the bloc’s gross domestic product had fallen by 0.1% in the first

Revolutionizing Hiring with AI: EEOC Update

The Equal Employment Opportunity Commission (EEOC) has updated its guidance on the use of artificial intelligence technology (AI) in employment-related decisions. The guidance titled, “Select Issues: Assessing Adverse Impact in Software, Algorithms, and Artificial Intelligence Used in Employment Selection Procedures Under Title VII of the Civil Rights Act of 1964,” comes amid rising concerns over

Wilson Aerospace, a small family-run business in Colorado, has filed a lawsuit against aerospace giant Boeing for allegedly stealing intellectual property over the past 20 years. The claims center around multiple custom-designed tools that Wilson created for Boeing to use on NASA projects, including the International Space Station (ISS) and Space Launch Systems moon rocket.

GAO Creates Potential Trap Regarding 10-day Protest Timeliness Period The Government Accountability Office (GAO) has set a potential trap for contractors intending to file a bid protest. The trap centers on the beginning of the 10-day protest timeliness period when the offeror receives information from the contracting office outside the contractor’s regular business hours. The

Gen Z investors have overwhelmingly turned to cryptocurrency as their preferred investment, according to a new report from the Financial Industry Regulatory Authority’s (FINRA) Investor Education Foundation and the CFA Institute. The report is based on an online survey of people in the US aged 18-25, and it found that 55% of Gen Z investors

EEOC Takes Legal Action Against Company for Age Discrimination

Hatzel & Buehler, a commercial electrical contractor with branches in multiple states and the District of Columbia, has been accused of discriminatory hiring practices by the U.S. Equal Employment Opportunity Commission (EEOC). According to the EEOC’s lawsuit filed against the company, Hatzel & Buehler violated federal law by practicing discriminatory hiring and recruitment for job

GameStop CEO Fired

GameStop Corp., the videogame retailer and meme stock, announced the firing of its Chief Executive Officer Matthew Furlong on Wednesday. Simultaneously, the company elected activist investor Ryan Cohen as its executive chairman, effective immediately. Shares of GameStop fell by 19% in after-hours trading following a brief press release outlining the move. However, the release did

Market Movers Report: Investor Reactions to Amazon’s Stock Drop Amazon, the e-commerce giant, experienced a 4.3% dip in its stock following an “open letter” from Bernstein analysts addressed to the CEO, Andy Jassy, and the company’s board. The letter expressed concern that Amazon was pursuing “too many ideas” and needed to focus on what it

GameStop Fires CEO Matthew Furlong, Appoints Ryan Cohen as Executive Chairman GameStop has fired its CEO Matthew Furlong, effective immediately, and appointed its board chairman Ryan Cohen as executive chairman, the company has announced. GameStop’s stock dropped by over 20% in extended trading after the video game retailer made the announcement. The company did not

Journal Press Latest News

STMicroelectronics and Sanan Optoelectronics announced on Wednesday that they would form a semiconductor-manufacturing joint venture in China, committing $3.2 billion in total build-out funding. The European and Chinese semiconductor giants’ new silicon-carbide-device manufacturing project in Chongqing, China, aims to tap into the rising demand for semiconductors for car electrification as well as industrial power and

Compliance Audit

How to Conduct a Human Resources Compliance Audit to Proactively Protect Your Company from Legal Liabilities In today’s business environment, companies face increasingly complex regulations governing their conduct. These regulations include employment laws, corporate governance, and anti-corruption laws, among others. Failure to comply with applicable laws and regulations can result in negative publicity, government investigations,

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