Author: News Room

WASHINGTON (Reuters) – The U.S. House of Representatives overwhelmingly passed a bill on Wednesday that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app, or face a nationwide ban. Here is a look at the effort to ban the app, its chances in the U.S. Senate and what that would actually mean. Why are US officials trying to ban TikTok? U.S. officials warn TikTok’s management is beholden to the Chinese government. For example, China could use the social media app to influence the 2024 U.S. elections, Director of National Intelligence Avril…

South Dakota Gov. Kristi Noem recently posted a video promoting a Texas dentist.Noem and her office have had little to say about the matter since it occurred.The governor’s promotion has sparked ethical concerns. South Dakota Gov. Kristi Noem’s teeth have people chattering.Earlier this week, Noem posted a nearly five-minute-long testimonial for a Texas dentist that she credits with fixing her teeth after a biking accident. “I love my new family at Smile Texas!” Noem wrote on X. “The video says it all, and I am so grateful for their help fixing my smile for me.”I love my new family at…

The Magnificent Seven stocks carried the markets in 2023, far outperforming most of the rest. These seven stocks — Nvidia, Microsoft, Apple, Amazon, Alphabet, Tesla, and Meta — returned an average of 111% last year, compared to a roughly 25% return for the S&P 500 and a 54% return for the Nasdaq 100. They accounted for 29% of the market cap of the S&P 500, the largest concentration they have ever had, as Forbes Contributor David Thomas pointed out in an article published in January. Take out the Magnificent Seven, and the S&P 500 would have had an average return…

Achyuta Rajaram won this year’s Regeneron Science Talent Search $250,000 top prize for his work on making machine learning more efficient and safer.Every year, the Society for Science hands out over $1 million to the competition’s finalists. This year’s winners were announced at a gala on Tuesday, and Rajaram was so surprised he won that a security guard became concerned.”He was worried that I’d just faint there and then,” Rajaram told Business Insider.The 17-year old Phillips Exeter Academy student created a project around improving the speed and accuracy of computer vision models, which he told Business Insider can function as…

A lot of post-Covid problems have been laced at doors of supply chain problems. It’s a misleading idea because the words evoke a mechanical conveyor of goods where in fact there is a lot more to it than that. One of the big problems was not the conveyor of goods down the chain but the stock needed to fill the pipeline. Companies destocked during Covid, turning their inventory into cash, because of the twin necessities of suppling their goods when their production was stopped and because they needed the cash and one place that can come from is stock levels.…

There’s been a lot of talk recently among climate investors around the “first-of-a-kind” or “FOAK” challenge. Billions of dollars, both private and public, have been invested into the invention and development of new climate solutions — across the energy, waste, transportation, food and water landscape. And many amazing new innovations have resulted from this effort. But none of that matters unless those innovations get deployed widely in significant enough volume to make a real economic and climate impact. We can see what the end point of that looks like when it’s successful — see the example of today’s rooftop solar…

The family of the late liberal Justice Ruth Bader Ginsburg wants her name pulled off an award after the foundation in charge of doling it out named SpaceX CEO Elon Musk and conservative media mogul Rupert Murdoch among this year’s recipients. In a statement obtained by CNN, Ginsburg’s family said that, with the selection of this year’s honorees, the Opperman Foundation had “strayed far from the original mission of the award and from what Justice Ginsburg stood for.” Ginsburg’s family said they were not affiliated with the award and called the choices of honorees this year an “affront” to the…

Following the recent sale announcement of San Diego Wave FC, the initial California NWSL team, Angel City FC, is also set to follow suit as they seek a new owner just two days before their 2024 NWSL season kickoff as reported by Sportico. Ohanian Holds Ground As Largest Stakeholder As the team’s largest shareholder, Alexis Ohanian said in an email he was not selling his equity and declined further comment, according to the report. However, the team also includes three additional female co-founders of Kara Nortman, Natalie Portman, and Julie Uhrman. Additionally, the ownership group includes nearly 100 co-owners with…

Sen. Bernie Sanders and Senate Democrats cited advances in artificial intelligence and automation Thursday in their argument for a bill that would mandate a 32-hour federal workweek.”Despite massive growth in technology and worker productivity, millions of workers in our country are working longer hours for low wages,” Sanders said after gaveling open a hearing of the Senate Committee on Health, Education, Labor and Pensions.”The sad reality is Americans now work more hours than the people of any other wealthy nation,” the committee chair and Vermont independent said later.The bill introduced by Sanders and Sen. Laphonza Butler, D-Calif., would reduce the…

Sen. Bernie Sanders and Senate Democrats cited advances in artificial intelligence and automation Thursday in their argument for a bill that would mandate a 32-hour federal workweek.”Despite massive growth in technology and worker productivity, millions of workers in our country are working longer hours for low wages,” Sanders said after gaveling open a hearing of the Senate Committee on Health, Education, Labor and Pensions.”The sad reality is Americans now work more hours than the people of any other wealthy nation,” the committee chair and Vermont independent said later.The bill introduced by Sanders and Sen. Laphonza Butler, D-Calif., would reduce the…