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• A recession by early next year could send stocks down 30%, says BCA strategist Roukaya Ibrahim.
• Continued unemployment and headwinds from China's limping economy will be drivers of a downturn. 
• Wall Street veteran Gary Shilling holds a similar forecast, he told BI this week. 

There are two factors signaling a recession by year-end or early 2025, and a downturn could spark a 30% correction in

Infineon, one of the biggest chip makers in Europe, has lowered its revenue outlook for the year, citing “weak” demand from its major target markets. The German company is now expecting a revenue of €15.1bn, plus or minus €400mn. That’s down from the previous forecast of €16bn, plus or minus €500mn. In the second quarter of 2024, Infineon saw a 2% drop in revenue compared to the previous quarter

GOP operative Brad Parscale is credited with using technology—specifically social media—to help get a certain former reality TV star elected President. Now, Parscale is back and he wants to use tech again to disrupt America’s political game. This time, the tech he’s excited about is artificial intelligence.

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It feels like everywhere you look, there’s a Mother’s Day sale going on. Many of these promos are pretty meh, but Amazon’s latest sale on Echo devices is worth a look if you’re looking for some relatively inexpensive picks. Right now, for instance, Amazon is throwing in a free smart bulb when you buy

Whatever it’s called, it sounds like it’s coming soon.

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• Israel said on Tuesday that it had sent tanks into Rafah in defiance of US warnings. 
• The Biden administration says its concerned about the lives of hostages and civilians. 
• The attack signals a widening rift between the US and Israel over actions in Gaza.

Early on Tuesday, Israeli tanks seized control

What happens when you stick your finger in the closing trunk—or, in this case, the “frunk”—of a Tesla Cybertruck? It’s a question that way too many Cybertruck owners are asking themselves these days. And a new video posted to YouTube appears to show the most grotesque answer to date.

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• Google is co-funding a $2.8 million guaranteed income pilot in California's Bay Area.
• The program will give $12,000 over a year to 225 families to help them secure long-term housing.
• Universal basic income programs have surged in popularity as a poverty-fighting tool.

Alphabet-owned Google is co-funding a pilot program that will give

China is accused of hacking the payroll system for the United Kingdom's Ministry of Defence. The BBC and Sky News report that the severe data breach exposed the personal information of active military personnel and veterans. The information mainly consists of full names and bank details, but in some cases, it might also include personal addresses.

Affected individuals are being notified, and

Apple is adding a bunch of new titles to its Arcade video game subscription service next month, including Return to Monkey Island. It's the first new entry in the franchise by series creator Ron Gilbert since Monkey Island 2: LeChuck's Revenge, which was released way back in 1991. The game still revolves around the pirate Guybrush Threepwood who's on a journey to unearth the secret of Monkey

Grocery delivery service Instacart is expanding into restaurant takeout thanks to a new partnership with Uber Eats.

In the coming weeks, Instacart will add a new feature for restaurant delivery, with the back-end mechanics powered by Uber. The listing of restaurants will be provided by Uber

The iPad Air 2024 is arguably the most highly anticipated tablets of the year. It also may be one of the most delayed consumer products of 2024.

The new iPads — both the Air and Pro models — were poised to be released in March (perhaps alongside the new M3 MacBook Air), according to DigiTimes, which cited Apple's suppliers. However, it has been frequently pushed back throughout March and April.

So