Senator Bernie Sanders has recently proposed cutting the work week to 32 hours, or four days a week. This bill would not affect current pay, with individuals maintaining the same salary, but granting an extra day off. Yahoo Finance's Rachelle Akuffo delves into the details, exploring other countries that have adopted a shortened workweek and how it has impacted their workers and economies. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith
Senator Bernie Sanders has recently proposed cutting the work week to 32 hours, or four days a week. This bill would not affect current pay, with individuals maintaining the same salary, but granting an extra day off.
Yahoo Finance's Rachelle Akuffo delves into the details, exploring other countries that have adopted a shortened workweek and how it has impacted their workers and economies.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
Editor's note: This article was written by Angel Smith
Reuters
Microsoft and Quantinuum on Wednesday said they have achieved a key step in making quantum computers a commercial reality by making them more reliable. The move is the latest in a race to perfect quantum computing in which tech firms such as Microsoft, Alphabet's Google and IBM are jostling with both rivals and nation states to create machines that take advantage of quantum mechanics to promise speeds far faster than conventional silicon-based computers. But the fundamental unit of quantum computers - called a "qubit" - is fast but finicky, producing data errors if the quantum computer is even slightly disturbed.
Reuters
Japanese authorities will likely intervene in the currency market if the yen breaks out of a range it has been in for years and falls well below 152 per dollar, former top currency diplomat Tatsuo Yamazaki said on Thursday. Once the dollar climbs above 152 yen, the pair's rise could accelerate and offer an opportunity for authorities to intervene, Yamazaki told Reuters in an interview. The fact Japanese authorities have described recent yen declines as driven by some "speculative moves" suggest the authorities are seriously contemplating whether to step in or not, said Yamazaki, who oversaw Japan's 35 trillion yen intervention campaign to weaken the currency in 2003 through 2004.
Reuters
Proxy advisory firm Glass Lewis has recommended Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts supplier's risk committee, Ronald Kadish, at the 2024 annual meeting. Spirit, which is in talks to be bought by its biggest customer Boeing Co, was not immediately available for comment. The companies have come under regulatory and investor scrutiny following a Jan. 5 mid-air cabin panel blowout on a Boeing 737 MAX 9 jet, the fuselage for which was made by Spirit.
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