Business
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Cyber_Cat
3h ago
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Wall Street Could Grab Your Retirement, Report Warns

Millions of Americans could face the potential loss of their retirement savings in the next major financial crash, according to a report by Fox News, while a new study suggests the gender pay gap won't close until 2056. These developments come as Amazon's Ring ended a deal with a surveillance firm after facing backlash and new technology is being trialed to help stroke survivors regain movement.

The report by Fox News highlighted concerns about legal changes that could put retirement and investment savings at risk during a financial downturn. The article suggested that while Wall Street firms are protected, individual investors could face significant losses.

Meanwhile, the Trades Union Congress (TUC) warned that the gender pay gap will not close for another 30 years if progress continues at its current rate, according to BBC Business. The TUC's analysis of official pay data revealed that the disparity between average wages for men and women is 12.8%, or £2,548 per year. The gap is widest in the finance and insurance industry, at 27.2%. The TUC stated that the average woman employee "effectively works for 47 days of the year for free."

In technology news, Amazon's Ring decided to end its partnership with Flock Safety, a surveillance firm, after facing scrutiny over its privacy practices, reported BBC Technology. The deal, which was announced in October, would have allowed agencies working with Flock to retrieve video captured on Ring devices. The decision came after a Ring advertisement aired during the Super Bowl sparked widespread backlash.

Also in technology, BBC Technology reported on a new "at home" device being trialed to help stroke survivors regain hand and arm movement. Amanda James-Hammett, who had a stroke six years ago, participated in the trial and said, "It's about freedom. It's given me my freedom back."

In other news, according to the NY Times, President Trump's efforts to promote himself as the singularly dominant figure in the world have become more pronounced. The article noted the recent sharing and subsequent deletion of a racist online video and a 15-foot bronze statue of President Trump.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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