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>>Rating Agency Puts US Credit On Negative Watch

(Washington, DC) -- A major credit rating agency is putting America's credit rating on a negative watch as lawmakers struggle to reach a deal to raise the debt ceiling. Fitch Ratings said America's Triple-A rating is at risk of a potential downgrade if the White House and Republicans fail to reach a deal to raise the borrowing limit. >>Jobless Claims Lower Than Expected (Washington, DC) -- Fewer Americans are seeking unemployment benefits with weekly jobless claims lower than forecast. The Labor Department reports receiving 229-thousand first-time claims for the week ending May 20th. Economists had forecast nearly 250-thousand claims.

 

>>Microsoft Launches AI-Powered Technology

(Redmond, WA) -- Microsoft is launching AI-powered technology for its Windows 11 Platform. The tech giant said in a blog post that the Windows Copilot will be able to explain content to users by summarizing or re-writing it. Users will also be able to ask questions to the Copilot, similar to Bing Chat OpenAI's ChatGPT. Microsoft said Chat GPT plug-ins can also extend to Windows Copilot, which will allow developers to find "new ways to reach and innovate for our shared customers."

 

>>Facebook Company Slashes Business Jobs

(Menlo Park, CA) -- The company that owns Facebook is slashing business teams in its final round of layoffs. Meta Platforms Incorporated on Wednesday said it carried out its last batch of layoffs this year as part of its plan to eliminate ten-thousand jobs. Dozens of Meta employees announced on LinkedIn that they were being laid off, including those working in marketing, site security, content strategy and program management. Last fall, Meta laid off over eleven-thousand employees.

 

>>Microsoft Launches AI-Powered Technology

(Redmond, WA) -- Microsoft is launching AI-powered technology for its Windows 11 Platform. The tech giant said in a blog post that the Windows Copilot will be able to explain content to users by summarizing or re-writing it. Users will also be able to ask questions to the Copilot, similar to Bing Chat OpenAI's ChatGPT. Microsoft said Chat GPT plug-ins can also extend to Windows Copilot, which will allow developers to find "new ways to reach and innovate for our shared customers."

 

>>Peloton Rebrands, Offers Free Membership

(New York, NY) -- Peloton is now allowing free membership. The exercise bike company announced a brand relaunch on Tuesday and said it's no longer just a bike company or an exclusive paid membership service. Peloton said it now has three different membership tiers, including one that's free. The free app includes over 50 classes and a rotating set of featured classes. The new branding is launching across all Peloton markets in the U.S., Canada, the U.K., Germany and Australia.

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