Author: News Room

Hear threatening voicemail sent to lawmaker amid potential TikTok ban Lawmakers received threatening voicemails after the House voted to pass a bill that could lead to a nationwide ban against TikTok. CNN’s Melanie Zanona reports.

Topline Beyoncé shared the cover art for her upcoming album “Cowboy Carter” on social media Tuesday, with a note giving fans some insight as to why she’s making a country album and referenced a past experience she’d had where she “did not feel welcomed” — a potential reference to a high-profile appearance at the 2016 Country Music Awards that drew controversy at the time. Key Facts Beyoncé shared a lengthy note with her Instagram followers Tuesday thanking them for the support they’ve given her for the two singles she’s already released — “Texas Hold ‘Em” and “16 Carriages” — ahead…

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Shipping magnate Angela Chao drove her Tesla into a pond while on a ranch with friends.Police initially conducted a criminal investigation, and questions were raised about Tesla controls.Chao’s blood-alcohol concentration was 0.233. Police concluded her death was an accident. Angela Chao, the shipping magnate who drowned after backing her Tesla into a pond on her Texas ranch, had a blood-alcohol level nearly three times the legal limit when she died, newly released police records show.The sudden death of Chao, who was the CEO of Foremost Group, the wife of venture capitalist Jim Breyer and sister-in-law of former Republican Senate leader…

Companies are using AI tools and software to make the ocean cleaner and safer for aquatic wildlife.This includes tech that helps keep plastic out of the ocean and restore coral reefs.This article is part of “Build IT,” a series about digital tech and innovation trends that are disrupting industries. Marine plastic pollution is one of the most troubling environmental issues. According to the International Union for Conservation of Nature, about 14 million metric tons of plastic enter the ocean annually, accounting for 80% of ocean debris.CleanHub, a Berlin startup, is tackling this environmental crisis with artificial intelligence. The company, founded in…

By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve officials on Wednesday nudged up the level estimated for their target interest rate over the longer term, but central bank Chair Jerome Powell said that does not necessarily herald an era of consistently higher interest rates. Alongside maintaining the current target rate at 5.25%-5.50% and still penciling in three-quarters-of-a-percentage point of rate cuts this year, officials also raised their longer-run estimate of the fed funds rate to 2.6% from 2.5% in December’s forecasts. That breaks above an estimate that had been in place for most of the last five years. Policymakers’…

Sterling Infrastructure, Inc. (NASDAQ:STRL) has reported a significant transaction involving its EVP & CFO, Ronald A. Ballschmiede. According to the latest filings, Ballschmiede sold 13,000 shares of the company’s common stock, totaling approximately $1.4 million. The stock was sold at an average price of $109.658 per share, with individual sales prices ranging from $109.50 to $110.17. This sale has adjusted Ballschmiede’s holdings in Sterling Infrastructure to 270,460 shares. It is noted that of these remaining shares, 17,328 are subject to certain restrictions, including potential forfeiture under specific conditions. The transaction comes at a time when Sterling Infrastructure continues to be…

The US economy defied forecast after forecast predicting an imminent recession over the past two years. Instead, it grew beyond belief. A boom in immigration was part of the recipe, Federal Reserve Chair Jerome Powell said in a “60 Minutes” interview on CBS last month. But stricter measures could be coming to curb immigration after the Supreme Court announced Tuesday it is temporarily allowing Texas to enforce a controversial law that allows state officials to arrest and detain people they suspect of entering the country illegally. (A federal appeals court late Tuesday night put Texas’ controversial law back on hold.) Congress is also…

The Fed decided to hold rates at 5.25-5.50% as expected. The bank revised higher GDP and inflation forecasts. The official’s interest rate expectations for 2024 remained at a median of 4.6%. The US Dollar Index (DXY) declined towards the 103.50 area, following the Federal Reserve (Fed) decision to hold rates as expected. Economic activity and inflation forecasts were revised higher while Unemployment was lower. The highlight was that the interest rate projections saw the median rate unchanged at 4.6% in relation to the last protections. As a reaction, stocks edged higher while Treasury yields declined which added pressure to the USD.  The…

Saudi Arabia is reportedly mulling over a substantial $40 billion investment fund aimed at advancing artificial intelligence (AI), which is purportedly slashed for the latter half of the year. Sources also suggest that a potential collaboration with Silicon Valley venture capital firm Andreessen Horowitz (a16z) is being explored by the Saudi Arabian government’s Public Investment Fund to oversee these AI investments. The New York Times, citing three individuals familiar with the matter, disclosed that additional venture capitalists might also participate in this fund, and the partnership with a16z could involve the establishment of an office in Riyadh, the capital of…