Fortis’ News of the Week:
- Restaurant layoffs and employee hours being cut in California as minimum wage for fast-food workers increases 25%.
- AI models created by scientists can now talk to each other and pass skills to each other with limited human input.
- $30M in cash has been stolen from a Los Angeles money storage facility making it the city’s largest cash heist.
- Spain to terminate “golden visa” program which allowed wealthy people outside of the EU to obtain residency through $500M real estate purchases.
- Target to rollout a membership program, Target Circle, that mimics Amazon Prime and Walmart+ programs.
