Writing the summary…
Elon Musk says he'll give a SpaceX share to every child in America next year
Source: CNBC
Original reporting
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CNBC
French unrest compounds debt crisis fears. Paris-listed stocks, bonds and the euro fall
"It looks like either the bond markets riot, or the people riot, or both," one analyst told CNBC.
CNBC
Women may be at greater risk of AI job losses. Telephone switch operators and PCs show why.
The history of technological progress suggests that as AI spreads, the employment impact will hit women more than men.
The Guardian2 outlets
AI firm Anthropic to commit 5% of shares to fund for ‘public good’
The $48bn giveaway comes amid concerns about the tech and preparations for a stock market listing Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing. The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline. Continue reading...
The Guardian
HelloFresh workers claim physical abuse and denied bathroom breaks in class action suit
The meal kit delivery service denies the allegations, saying it found claims to be ‘entirely without merit’ Workers at a HelloFresh facility in Newark, New Jersey have claimed in court documents that they were verbally and physically abused and denied regular bathroom breaks, with one former worker telling the Guardian he experienced incontinence issues as a result. The newly proposed amended complaint comes in a class action lawsuit first filed in August 2024 against the food prep service giant and staffing agencies. A New Jersey state court judge is expected to review the amended complaint in a hearing scheduled for 23 October. Continue reading...
The Guardian
Violent street protests in France and Italy trigger stock and bond sell-off and send euro lower – business live
Roaring exports lift China’s economic growth Chris Beauchamp , chief market analyst at investing and trading platform IG , said: Investors worried about political flashpoints will be watching France nervously. Given the country’s precarious financial situation, the riots of recent weeks may only be a foretaste of what is to come should any government attempt to reform public spending. While other European markets enjoyed a stronger period last week, the CAC continued its miserable performance. But betting on France’s recuperative powers has been the way to go in previous crises - can the Fifth Republic pull off a similar trick again? Continue reading...
CNBC
Putin reportedly proposes three-way summit with Trump and Xi on Ukraine war — without Zelenskyy
The report comes amid mounting tensions between Ukraine and the United States, its largest military backer.