Author: News Room

The Supreme Court on Monday appeared deeply skeptical of arguments by two conservative states that the First Amendment bars the government from pressuring social media platforms to remove online misinformation. In more than 90 minutes of oral arguments that occasionally veered into the justices’ personal frustrations with the press, several conservative justices sided with the liberal wing in appearing to doubt claims by two states that the Biden administration violated the Constitution with the practice. Louisiana and Missouri accused the Biden administration of a sweeping censorship campaign conducted through emailed and other communications with social media platforms. In the communications,…

When star center Alperen Sengun came crashing to the floor in a March 10 win against the Sacramento Kings, the Rockets’ play-in hopes seemed all but over. Despite the win, the Rockets sat at just 29-35 and had lost their best player for what appeared to be the rest of the season. But since then, Houston has ripped off three more wins, pushing their record to 32-35. They’ve now won five games in a row and seven of their last eight. They’re rolling, sitting in 11th in the West, and closing in on the Los Angeles Lakers, losers of their…

The hottest housing market in America is poised to see continued price gains, according to Capital Economics. The firm said strong employment trends bode well for the housing market in the south. “We think the southern markets will continue to outperform over the next few years,” Capital Economics said. America’s hottest housing market will see more price gains over the course of the next few years, according to Capital Economics.The research firm said in a note on Monday that America’s southern housing market is poised to see continued strength thanks to two big trends: strong employment and relative affordability.”We think…

Perplexity CEO Aravind Srinivas said Elon Musk’s xAI is stiff competition in the recruiting space.The AI CEO said Musk’s company offers the highest compensation at the moment.It’s also difficult to compete with Musk’s celebrity status, the CEO said. In the battle for AI talent, Elon Musk holds considerable sway.Aravind Srinivas, the CEO of the AI company Perplexity, said it can be difficult to compete with the Tesla CEO when recruiting.Musk launched his own AI startup, xAI, last year and Srinivas said it has since become one of the highest-paying companies for AI talent — on par with OpenAI. Last year,…

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s gross domestic product (GDP) is expected to have shrunk 1.5% year-on-year in the final quarter of 2023, the third straight annualized contraction, hit by declines in virtually all sectors of the economy, a Reuters poll found. The South American country likely contracted some 1.6% last year and is expected by analysts to shrink again this year, as new libertarian President Javier Milei battles to turn around high inflation and a deep deficit with tough austerity measures. The measures have helped boost the government’s financial situation and shown signs of reining in prices,…

MEMPHIS, TN – In a recent transaction, Kathryn D. Sullivan, a director at International Paper Co (NYSE:), sold 600 shares of the company’s common stock at a price of $36.09 per share. The sale, which took place on March 15, 2024, resulted in a total transaction value of approximately $21,654. The transaction was executed automatically in accordance with a pre-established trading plan known as a Rule 10b5-1 plan, which Sullivan had adopted on November 14, 2023. Such plans allow company insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. Following the sale, Sullivan’s holdings…

By Arathy Somasekhar HOUSTON (Reuters) -U.S. oil stocks in the Strategic Petroleum Reserve (SPR) at year-end will be at or exceeding the level that would have existed prior to massive sales two years ago, U.S. Energy Secretary Jennifer Granholm said on Monday. Stocks will reach those levels in part on the cancellation of congressional-mandated sales of about 140 million barrels, the secretary added. The reserve currently holds about 362 million barrels, down from 638 million three years ago. Other congressionally mandated sales may also be canceled, Granholm said. Having the SPR refilled is a congressional priority and “that’s a conversation…

Gas price inflation is back. For the first time since late last year, prices at the pump are now higher on a year-over-year basis. It’s a trend that industry experts expect to continue in the coming weeks and months, especially if Russian oil facilities continue to get hit by drone attacks. This is an unwanted development for consumers heading into the spring. It’s also a problem for White House and Federal Reserve officials hoping to declare victory over inflation. The recent jump in gas prices is already causing headaches on the inflation front. Gas was the main culprit behind last…

GBP/USD hold steady as BoE, Fed decisions loom. US homebuilders’ confidence rises, mortgage rates may drop if Fed eases. UK inflation data pivotal for Sterling pre-BoE decision. The GBP/USD is under pressure as unexpected UK CPI may alter BoE policy. The Pound Sterling losses steam and treads water against the US Dollar as traders prepare for the announcement of major central banks’ monetary policy decisions. The Bank of England and the US Federal Reserve are expected to hold rates unchanged, though a ‘hawkish tilt’ of the Fed might weigh on Sterling; the GBP/USD trades at 1.2727, barely down 0.04%. Sterling…

It has been a quiet day in the crypto space, but Avalanche (AVAX) and Solana meme coin darling Dogwifhat (WIF) are defying the trend. The global cryptocurrency market cap today sits at a whopping $2.69 Trillion, marking a modest 1.9% change in the last 24 hours, according to data from Coingecko. In the top 10, all coins except for Solana (SOL) and Avalanche (AVAX) have registered changes of less than 1%. Solana is up by a respectable 8%, but the real showstopper in the group has been AVAX, which has skyrocketed by a staggering 13.5%. AVAX, which was priced at…