Author: News Room

Topline Voters are largely unaware—and unimpressed—with President Joe Biden’s four major economic legislative achievements, according to a new poll, underscoring the uphill battle Biden faces in convincing voters he is the best candidate to handle their top concerns: the economy and inflation. Key Facts The majority of registered voters polled by Politico-Morning Consult last month said they haven’t seen, read or heard anything or much at all about the American Rescue Plan, the Bipartisan Infrastructure Law or the CHIPs and Science Act, while nearly half (48%) said the same about the Inflation Reduction Act. Among voters who have heard something…

I recently had a client reach out and say that their car of 12 years is totaled, and they don’t know how to approach getting another car. If your work or lifestyle relies on access to a car, acquiring your next car can be stressful given today’s interest rate landscape and recent inflation. Here are some financial considerations and strategies for getting your next car. Budget As with all major financial decisions, getting your next car will either affect your financial picture, either by depleting cash on hand or by increasing your monthly spend. Before you do research on cars…

Jacksonville, Florida’s FIS Global, a 56-year-old financial technology provider for banks, has launched a new platform called Atelio to help its regional bank clients offer modernized financial products like deposit accounts and online invoicing to other businesses. For regional banks trying to survive in the digital age, an increasingly popular strategy is to partner with nonbanks, enabling them to offer financial products, a trend FIS is trying to ride with its new Atelio software. “The threat that the banks are facing is if they can’t offer quick, nimble ways for people to embed and open accounts, they’re going to lose…

Not Eric Schmidt. The former Google CEO says he thought about buying the video platform — he doesn’t say when he thought about it — but isn’t thinking about it now.OK. So the remaining bidders are … Steve Mnuchin? Related stories This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Anyone else?[Crickets]Yes, if you Google “potential TikTok buyers” you’ll find a bunch of stories — Business Insider has written one, too — speculating about names. But almost all of these stories are the same. They list Mnuchin as…

Theranos founder Elizabeth Holmes has once again had her prison time shortened.She got a few more months trimmed off for a new projected release date of August 16, 2032.She was originally sentenced to 11.25 years, but soon after reporting to prison her projected release date moved up 2 years. Elizabeth Holmes’ prison time is getting shorter, again.The 40-year-old Theranos founder is now projected to be released a few months earlier. Her projected release date is now August 16, 2032, a change from her previously listed December 29 projected release for later that same year, according to Federal Bureau of Prisons…

By Davide BarbusciaNEW YORK (Reuters) – U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the shift of the Federal Reserve to lower interest rates.The $1.9 trillion asset manager expects an easing in central bank policies to bolster bonds in markets such as Australia, Canada, the United Kingdom and the euro zone, but is underweight U.S. fixed income as economic growth in America may continue to be accompanied by rising price pressures.”The global economic and market outlook suggests diverging paths among regions and sectors,” portfolio…

By Mike Spector and Chris Prentice(Reuters) – U.S. prosecutors are examining whether Tesla (NASDAQ:) committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters.Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking and lane changes – but are not fully autonomous. While Tesla has warned drivers to stay ready to take over driving, the Justice Department is examining other statements by Tesla and Chief Executive Elon Musk suggesting its cars can drive themselves.U.S. regulators have separately investigated hundreds of crashes, including fatal ones, that have…

Canada’s most important tech firm, Shopify, posted adjusted beat for Q1. GAAP EPS, however, fell to a loss due to higher costs. Q2 guidance shows some compression on margins. SHOP stock plunges 20% following earnings.   Shopify (SHOP) checked most of the boxes during its first-quarter earnings results late Tuesday, but that just wasn’t enough for the market’s outsized ambitions. The eCommerce solution has traded down more than 20% on Wednesday morning as the broader market tumbles in tandem. Both the S&P 500 and NASDAQ are down more than 0.3% at the time of writing. Shopify earnings: Not quite good enough…

Justin Sun, whose Rainberry LLC acquired BitTorrent in 2018, pushed a no-moderation policy at the file-sharing giant, as stated in documents received by Protos. According to a deposition by former BitTorrent CEO, Jordy Berson, Sun regularly lied to the Apple and Google App stores, not only about moderation on his apps, but also about the 30% cut of sales promised to Apple once listed. In the deposition, Berson repeatedly discusses how numerous employees, including himself, wanted Sun to implement some level of moderation on the ‘BT Live’ product — planned for launch in India and China in early 2019 —…

Google’s business is growing at its fastest rate in two years, and a blowout earnings report in April sparked the biggest rally in Alphabet shares since 2015, pushing the company’s market cap past $2 trillion.But at an all-hands meeting last week with CEO Sundar Pichai and CFO Ruth Porat, employees were more focused on why that performance isn’t translating into higher pay, and how long the company’s cost-cutting measures are going to be in place.”We’ve noticed a significant decline in morale, increased distrust and a disconnect between leadership and the workforce,” a comment posted on an internal forum ahead of…