It's now almost impossible to work your way to riches, says report into growing wealth gap

Deloitte has come under fire for incorporating AI into a $290,000 report aimed at assisting the Australian government in welfare enforcement. A researcher pointed out that the AI produced misleading information, raising concerns about the reliability of the findings. While Deloitte claims that these updates do not affect the report's conclusions, the incident highlights the potential pitfalls of using AI in critical government assessments, prompting discussions about accountability and the integrity of such reports.

Deloitte has come under fire for incorporating AI into a $290,000 report aimed at assisting the Australian government in welfare enforcement. A researcher pointed out that the AI produced misleading information, raising concerns about the reliability of the findings. While Deloitte claims that these updates do not affect the report's conclusions, the incident highlights the potential pitfalls of using AI in critical government assessments, prompting discussions about accountability and the integrity of such reports.

A recent report reveals that global renewable power output has surpassed coal for the first time, marking a significant milestone in the fight against climate change. This shift not only highlights the growing investment in sustainable energy sources but also reflects a broader commitment to reducing carbon emissions. As countries strive to meet their climate goals, this transition is crucial for a healthier planet and a more sustainable future.

A recent report reveals that global renewable power output has surpassed coal for the first time, marking a significant milestone in the fight against climate change. This shift not only highlights the growing investment in sustainable energy sources but also reflects a broader commitment to reducing carbon emissions. As countries strive to meet their climate goals, this transition is crucial for a healthier planet and a more sustainable future.

Novo Nordisk is reportedly cutting jobs at its key U.S. manufacturing site for Wegovy, a weight-loss drug that has gained significant attention. This move raises concerns about the company's future production capabilities and the potential impact on patients relying on this medication. As Wegovy continues to be a crucial player in the obesity treatment market, these job cuts could affect not only the workforce but also the availability of this important drug.

Novo Nordisk is reportedly cutting jobs at its key U.S. manufacturing site for Wegovy, a weight-loss drug that has gained significant attention. This move raises concerns about the company's future production capabilities and the potential impact on patients relying on this medication. As Wegovy continues to be a crucial player in the obesity treatment market, these job cuts could affect not only the workforce but also the availability of this important drug.

Deloitte has announced it will issue a refund for its final installment related to an Australian government report that was found to contain numerous errors, including incorrect references and citations. This situation highlights the potential pitfalls of using AI in critical documents, raising concerns about accuracy and reliability in government communications. The decision to refund underscores Deloitte's accountability and commitment to maintaining trust, especially in the wake of increasing reliance on technology in public sector reporting.

Deloitte has announced it will issue a refund for its final installment related to an Australian government report that was found to contain numerous errors, including incorrect references and citations. This situation highlights the potential pitfalls of using AI in critical documents, raising concerns about accuracy and reliability in government communications. The decision to refund underscores Deloitte's accountability and commitment to maintaining trust, especially in the wake of increasing reliance on technology in public sector reporting.

Millrose Properties has received a positive boost as Citizens has initiated coverage on its stock with a 'Market Outperform' rating. This is significant because it suggests that analysts believe Millrose Properties is poised for growth and could outperform the market, which may attract more investors and increase confidence in the company's future.

JPMorgan has upgraded Ionis Pharmaceuticals' stock to 'Overweight' due to promising developments in its pipeline. This upgrade reflects confidence in the company's potential to deliver innovative therapies, which could significantly impact the market and investors' portfolios. As Ionis continues to advance its research and development efforts, this positive outlook may attract more attention from investors looking for growth opportunities in the biotech sector.

Jefferies has upgraded BOK Financial's stock rating to 'Buy', highlighting the company's strong regional growth. This upgrade is significant as it reflects confidence in BOK Financial's performance and potential for future success, which could attract more investors and positively impact the stock market.

HSBC has downgraded Intel's stock rating to 'Reduce' despite the company's recent investments aimed at boosting its market position. This decision reflects concerns about Intel's ability to compete effectively in a rapidly evolving tech landscape. Investors should take note, as this downgrade could influence market perceptions and stock performance moving forward.

Gold prices have surged above $4,000 an ounce, signaling a strong demand for the precious metal amid economic uncertainties. This rise is significant as it reflects investors' confidence in gold as a safe haven during turbulent times. With the FOMC minutes set to be released soon, market watchers are keen to see how monetary policy might influence future gold prices and overall market trends.

AI fintech company Optasia is making headlines as it plans to raise $375 million through a listing in South Africa. This move is significant not only for the company but also for the South African financial landscape, as it highlights the growing interest in fintech solutions powered by artificial intelligence. With this funding, Optasia aims to expand its services and enhance financial accessibility for consumers, potentially transforming the way people manage their finances in the region.