Comment on Friday Sector Laggards: Services, Utilities

A new report from venture firm SignalFire offers clues about where workers are flocking to as they relocate from Silicon Valley. Hundreds of thousands of tech workers have been culled from payrolls over the past year or so, but several areas around the country remain hubs for tech workers. That includes such cities as Austin, Seattle, and New York City, according to a new report from venture firm SignalFire.

Many Swifties refused to listen to leaked tracks circulating on social media. Meanwhile, Spotify says the album has already hit a big milestone. The Tortured Poets Department saw a big membership boost Wednesday night as the much-anticipated new album by Taylor Swift allegedly leaked online. While Swift and her label have not commented on whether the files were legitimate, clips of that audio that were posted to X (formerly Twitter) have been taken down due to copyright violations.

The new bill, which would give ByteDance a year to sell the short-video app, won the support of U. S. Senate Commerce Committee chair Maria Cantwell. An effort to force TikTok‘s Chinese owner, ByteDance, to sell the social media app or face a ban in the U. S. was gaining steam in Congress on Thursday, with the House of Representatives setting a vote for Saturday and a key Senate Democrat voicing support for the move.

According to a report from Expedia, interest in trips to France is surging around the Summer Olympics—and Yvelines tops the list. Whether you’re hoping to explore ancient cities or lounge on the beach, summertime travel is about to be top-of-mind for just about everyone. And if you haven’t heard of Yvelines, it’s about to be on your radar.

The EV maker saw its shares flirt with 52-week lows on Thursday as its troubles continued to mount. In an email obtained by CNBC Wednesday, Tesla CEO Elon Musk informed staffers that the severance packages sent to some of the 14,000 workers laid off this week were “incorrectly low.”

In a recent report, we found that generative AI has important shortcomings regarding freedom of expression and access to information. Google recently made headlines globally because its chatbot Gemini generated images of people of color instead of white people in historical settings that featured white people. Adobe Firefly’s image creation tool saw similar issues.