ARGUMENT ANALYSIS By Ronald Mann on Nov 7, 2024 at 12:12 pm Facebook first learned that Cambridge Analytica had used a personality test app to harvest tens of thousands of users’ data in 2015. (Katie Barlow) The justices heard arguments Wednesday in Facebook v. Amalgamated Bank, their first securities case of the year. The case involves the 2015 Cambridge Analytica-Facebook data breach, and considers whether Facebook’s disclosures to investors before the breach was public improperly downplayed the risks that data breaches posed to the company and its stock price. Shareholders sued Facebook in 2018 after they learned that Cambridge Analytica…
Author: user
Amazon is reportedly in talks to make a second multibillion-dollar investment in artificial intelligence (AI) startup Anthropic, mirroring its initial $4 billion deal from March 27. As reported Thursday (Nov. 7) by The Information’s Anissa Gardizy, this deal could have a catch. The report said Amazon is pushing for Anthropic to use a significant number of servers powered by Amazon’s own AI chips, known as Trainium. This request comes as Anthropic currently prefers using Amazon servers equipped with Nvidia-designed AI chips. The final investment amount, The Information says, could hinge on the number of Amazon chips Anthropic agrees to incorporate,…
By Steve Holland and Alexandra Ulmer WEST PALM BEACH, Florida (Reuters) – President-elect Donald Trump on Thursday announced that Susie Wiles, one of his two campaign managers, will be his White House chief of staff, entrusting a top position to a political operative who helped the Republican win election. The appointment was the first of what is expected to be a flurry of staffing announcements as Trump girds for a return to the White House on Jan. 20. As gatekeeper to the president, the chief of staff typically wields great influence. The person manages White House staff, organizes the president’s…
HONG KONG (AP) — Asian shares advanced Friday after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy. Oil prices fell while U.S. futures edged higher. Regional investors were watching for much-anticipated steps by Beijing to rev up the slowing Chinese economy as the top body of the national legislature wrapped up a meeting this week. “If Beijing delivers, we might see a powerful rally ripple through the region as investors gear up for a fresh surge in market momentum,” Stephen Innes of SPI Asset Management said in a commentary. Hong…
TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (Clip or the Company), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that is has entered into an advisory services agreement with Oak Hill Financial Inc. (Oak Hill) for the purpose of facilitating certain investor relations services to be provided to the Company by Oak Hill. Oak Hill is based in Toronto, Ontario and provides comprehensive investor relations services to public and private companies across a variety of different sectors. Oak Hill will be assisting the Company with investor outreach and…
(Reuters) – Allegiant Air’s pilots have voted in favor of authorizing a strike action if the carrier fails to reach a fair agreement, the Teamsters union said on Thursday. The union, which represents 1,300 pilots of the low-cost U.S. carrier, said 97.4% of the Allegiant Air pilots voted for authorizing a strike. “Allegiant pilots are some of the most overworked and underpaid in the airline industry,” the union said in a statement, adding that they are seeking industry-standard compensation and improvements to scheduling. Teamsters said the union and Allegiant are currently in mediation sessions conducted by the federal National Mediation…
The Paradox of Debt: A New Path to Prosperity without Crisis. 2023. Richard Vague. University of Pennsylvania Press. In 2004, Vice President Dick Cheney drew no small amount of derision when he opined that “[President Ronald] Reagan proved that deficits don’t matter.” Richard Vague suspects that Cheney may well have been right. In The Paradox of Debt: A New Path to Prosperity without Crisis, Vague — banker, venture capitalist, and Pennsylvania’s secretary of banking and securities — goes a long way toward making the case. The postcard version of the book’s “paradox” stipulates that without debt there can be no…
Saudi Arabia has invested billions of dollars into tech overseas in recent years.The kingdom is now looking for overseas tech companies to invest in it, according to Bloomberg. The kingdom plans to develop AI data centers, startups, and more with the help of foreign companies. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. In…
The Nantucket Marine Department will soon acquire a new fire response and emergency vessel for Nantucket Harbor to provide the town with new capabilities to fight boat fires and respond to other marine emergencies.The Select Board on Wednesday unanimously approved the purchase of a new 37-foot Harbor Guard vessel for $225,000 from the Helen H Offshore Fishing Corp.The vessel is capable of pumping 2,000 gallons per minute from two water guns and has towing capability. It would provide the town with a level of fire response on the water that does not currently exist, Harbormaster Sheila Lucy said.“With our entire waterfront infrastructure being wooden…
SHANGHAI and SAN DIEGO, Nov. 7, 2024 /PRNewswire/ — WuXi XDC Cayman Inc. (“WuXi XDC” or the “Company”, stock code: 2268.HK), a leading global CRDMO (Contract Research, Development, and Manufacturing Organization) specializing in antibody-drug conjugates (ADCs) and other bioconjugates (XDCs), is proud to announce that it has been named the winner of the “Best CDMO” at the World ADC Awards 2024 for the second consecutive year. Over the past three years, WuXi XDC has consistently earned recognition at the World ADC Awards, including being named the winner of the”Best CDMO” in 2023 and “Best CMO Runner-up” in 2022. This year,…