By Lorenz Duchamps Former President Donald Trump responded Tuesday to an amended defamation complaint filed by E. Jean Carroll that asked a court to include compensatory damages for comments he made about her during a televised town hall event earlier this month. Trump’s latest remarks came just hours after lawyers for Carroll, 79, accused Trump, 76, of […]
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Posted inEconomy
One-Third of Americans ‘Worse Off Financially’ in 2022 Amid Inflation: Federal Reserve
By Andrew Moran The percentage of U.S. adults reporting they were worse off financially climbed to 35 percent in 2022, the highest level since the Federal Reserve (Fed) started tracking this data in 2014. The Federal Reserve Board published its “Economic Well-Being of U.S. Households in 2022” report on May 22, an annual assessment of the financial well-being […]
Posted inBusiness
Social Media Startup Seeks to Protect User Data
By Terri Wu A New York-based social media startup is seeking to set itself apart from mainstream tech practices by taking a strict stance on data privacy. The company is a minimalist when it comes to data collection, according to Nick Janicki, director of media relations at Gan Jing World, an entertainment platform established in […]
Posted inEconomy
Delinquency Rates Inching Higher as Inflation, Interest Rates Hit Consumers
By Andrew Moran New data show that delinquency rates are rising across the U.S. marketplace as consumers contend with high inflation, real negative wage growth, and rising interest rates. According to the Federal Reserve Bank of New York’s (FRBNY) Household Debt and Credit Report, the overall flow into serious delinquency rate (90 days or more delinquent) […]
Posted inBusiness
Trump’s Truth Social Sues Washington Post for Over $3 Billion
By Tom Ozimek Former President Donald Trump’s social media company has sued Jeff Bezos-owned The Washington Post for defamation and is seeking $3.78 billion in damages over an article that allegedly harmed Trump’s company’s reputation and caused “enormous loss.” The lawsuit was filed by Trump Media and Technology Group (TMTG), which owns the social media […]
Posted inBusiness
American Airlines and JetBlue Must Dissolve Their Partnership, Judge Rules
By Tom Ozimek A federal judge in Boston ruled Friday that American Airlines and JetBlue Airways must abandon their partnership in the northeastern United States on grounds that the merger between the two carriers is anti-competitive and harms customers. The partnership between the two air carriers, a joint venture called the Northeast Alliance, was approved […]
Posted inEconomy
US Inching Towards Recession as Leading Index Declines Again in April
By Naveen Athrappully The American economy is signaling growing signs of slipping into a recession as the Leading Economic Index (LEI) continued its monthly decline in April, predicting a deterioration in the economic outlook. The Conference Board’s LEI for the United States fell by 0.6 percent in April following a 1.2 percent decline in March, […]
Posted inNational News
The Big Tech Spy Hunt
By Anders Corr Commentary The United States and South Korea are getting tougher on technology leaks. The two countries have extensive tech industries to protect. Most important is their technological lead, along with the Netherlands, in small and powerful computer chips used for economic and military applications around the world. Countries that steal these technologies […]
Posted inNational News
Deutsche Bank to Pay $75 Million to Settle Lawsuit Bought by Victims of Jeffrey Epstein: Lawyers
By Katabella Roberts Deutsche Bank has agreed to pay $75 million to settle a class-action lawsuit filed by alleged sexual abuse victims of disgraced financier and convicted sex offender Jeffrey Epstein, lawyers have confirmed. The settlement resolves a class-action suit filed by two women, referred to as “Jane Doe” against the banks in November last year. New […]
Posted inTechnology
Latest AI Model Shows Signs of ‘Human-Level’ Intelligence: Microsoft Research
By Naveen Athrappully OpenAI’s artificial intelligence system GPT-4 has shown “sparks of artificial general intelligence (AGI),” displaying abilities in a wide range of knowledge domains with a performance that is almost at the “human-level,” according to a paper by Microsoft Research. An AGI would be able to understand the world as human beings do and […]
Posted inNational News
Durham Report Shows FBI Repeatedly Hamstrung Clinton Investigations
By Petr Svab FBI officials intervened again and again ahead of the 2016 election to limit agents’ ability to investigate potential criminal activity related to former Secretary of State Hillary Clinton or her presidential campaign, according to a recent report by special counsel John Durham. The report contrasts the bureau’s treatment of Clinton-related matters with […]
Posted inNational News
‘Bomb in a China Shop’: AI to Wipe Out Jobs, Create Election Uncertainties, Congress Hears
By Andrew Thornebrooke WASHINGTON—Artificial Intelligence (AI) will drive massive disruptions in the American job sector and contribute to much more fraught election cycles as new platforms allow for increased manipulation of voters, Congress has heard. The explosion of popularly available AI tools like ChatGPT will profoundly affect society as early as next year, experts and […]
