August 12, 2024 Most American households’ cash and savings are shrinking, SF Fed report says Those liquid assets rose less sharply and the excess was depleted earlier and is now about 13% lower than the projected path prior to the pandemic. BY Reuters Middle- and low-income U.S. families now have significantly fewer liquid resources like bank … Continue reading Most American households’ cash and savings are shrinking, SF Fed report says
Former Twitter chairman is suing X for $20 million over pay he says was ‘wrongfully withheld’ The lawsuit alleges that X has refused to pay out Omid Kordestani’s stock, which accounted for the majority of his compensation. cheyenne macdonald Sat, Aug 10, 2024 Reuters / Reuters Omid Kordestani, who was Twitter’s executive … Continue reading Former Twitter chairman is suing X for $20 million over pay he says was ‘wrongfully withheld’
CPSC says Amazon is responsible for hazardous items from third-party sellers The retailer will have to recall products from its Fulfilled by Amazon program. anna washenko Wed, Jul 31, 2024 REUTERS / Reuters The US Consumer Product Safety Commission has determined that Amazon is responsible for hazardous or defective products sold by third-party … Continue reading CPSC says Amazon is responsible for hazardous items from third-party sellers
Mark Zuckerberg says ‘f*ck that’ to closed platforms “Get me talking about closed platforms, and I get angry,” he said. karissa bell Tue, Jul 30, 2024 In his two decades running the company now known as Meta, Mark Zuckerberg has gone through many transformations. More recently, he’s been showing off a seemingly less filtered … Continue reading Mark Zuckerberg says ‘f*ck that’ to closed platforms
July 29, 2024 American flags should be made in the U.S., Congress says The ‘All American Flag Act’ would require government-purchased flags to be produced with 100% American-made materials as well as manufactured in the U.S. BY Associated Press Soon, Old Glory will have to be born in the land of the free and not merely … Continue reading American flags for the federal government should be made in the U.S. only, Congress says
July 16, 2024 Elon Musk says he’s moving X, SpaceX to Texas in response to new CA gender law The new law bans school districts from passing policies that require schools to notify parents if their student asks to change their gender identification or sexual orientation unless the student gives permission. BY Jessica Bursztynsky Elon Musk … Continue reading Elon Musk says he’s moving X, SpaceX to Texas in response to new CA gender law
July 09, 2024 Evolve Bank says a Russia-linked gang stole millions of customers’ data The Memphis-based company said criminals likely downloaded information such as names, Social Security numbers, and bank account numbers. BY Jessica Bursztynsky Evolve Bank & Trust said this week that hackers accessed millions of customers’ personal data during a recent cyberattack. The Memphis-based … Continue reading Evolve Bank says a Russia-linked gang stole millions of customers’ data
Regulators want equivalent services for people who don’t want to pay for an ad-free experience or consent to the company collecting personal data. Constantine von Hoffman on July 1, 2024 European Union regulators today said Facebook’s parent Meta violated its Digital Markets Act with its “pay or consent” ad model and may face massive … Continue reading EU says Meta ad model violates Digital Markets Act
June 29, 2024 Does having more women in VC circles lead to more funding for woman-led businesses? No, says new study Advocates for gender equity have long called for firms to have more female senior venture capitalists on their teams. BY The Conversation Venture capital plays an important role in helping new businesses get off … Continue reading Does having more women in VC circles lead to more funding for woman-led businesses? No, says new study
June 25, 2024 Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says The BIS cautioned that AI also introduces risks, such as new types of cyber attacks, and may amplify existing ones, such as herding, bank runs and financial asset fire sales. BY Reuters Central banks should embrace the benefits of artificial … Continue reading Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says
