DIRS.INFO The most relevant business & tech news

☆ Notorious far-right blog The Gateway Pundit declares bankruptcy over 2020 election-related lawsuits
▼ + stars: | 2024-04-24 | by ( Oliver Darcy | Marshall Cohen | ) edition.cnn.com time to read: +3 min

CNN —The Gateway Pundit, the notorious far-right blog and prolific publisher of conspiracy theories, said Wednesday that it had filed for bankruptcy protection as it grapples with litigation related to its coverage of the 2020 election. Another lawsuit, filed by a former Dominion Voting Systems executive, accuses the outlet of defamation. The Gateway Pundit denies wrongdoing in both cases. Over the years, The Gateway Pundit has become infamous for its publishing of hyper-partisan blog posts, many of which advance dangerous lies and conspiracy theories. The Gateway Pundit is one of several right-wing media outlets grappling with the fallout stemming from its promotion of 2020 election lies.

Persons: Donald Trump, Joe Biden, Ruby Freeman, Wandrea, ” Moss, Jim Hoft, Trump, MAGA, Hoft, ”, ” Hoft Organizations: CNN, Dominion Voting Systems, Republican, Fox News, America News Locations: Georgia, Smartmatic, Dominion

☆ Supreme Court blocks restrictions on Biden administration efforts to remove contentious social media posts
▼ + stars: | 2023-10-20 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

WASHINGTON — The Supreme Court on Friday blocked in full a lower court ruling that would have curbed the Biden administration's ability to communicate with social media companies about contentious content on such issues as Covid-19. Donald Trump was president at the time, but the district court ruling focused on actions taken by the government after President Joe Biden took office in January 2021. But the appeals court still required the White House, the FBI and top health officials not to "coerce or significantly encourage" social media companies to remove content the Biden administration considers misinformation. The administration turned to the Supreme Court hoping to freeze Doughty's ruling in full. The district court ruling was on hold while the Supreme Court decided what steps to take.

Persons: WASHINGTON —, Samuel Alito, Clarence Thomas, Neil Gorsuch, Alito, Jim Hoft, Donald Trump, Joe Biden, Terry Doughty, Biden, White, Karine Jean, Pierre, Vivek Murthy, Elizabeth Prelogar, Prelogar Organizations: Biden, U.S, Trump, Circuit, FBI, Supreme Locations: Louisiana, Missouri

☆ What China’s new smartphone means for Wall Street
▼ + stars: | 2023-09-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Huawei’s feat could mean that Chinese technology has been progressing much faster than previously thought. Before the Bell spoke to Zino about what’s happening and what it means for Wall Street. Huawei’s new smartphone uses an internally developed, very powerful chip that’s manufactured by the Semiconductor Manufacturing International Corporation (SMIC), a partially state-owned Chinese semiconductor foundry. In the long term, this is probably a good thing for the leading semiconductor companies like Nvidia (NVDA) and Qualcomm (QCOM). Furniture companies are in a rutPeople aren’t buying furniture like they used to, reports my colleague Samantha Delouya.

Persons: there’s, Mike Gallagher, Michael McCaul, Angelo Zino, Bell, There’s, they’ve, They’ve, it’s, Anna Cooban, Samantha Delouya, Hooker, “, ” Williams, Laura Alber Organizations: CNN Business, Bell, New York CNN —, Huawei, House, Skyworks, Materials, Semiconductor Manufacturing International Corporation, Nvidia, Qualcomm, Intel, Federal Reserve, West Elm Locations: New York, China, Taiwan, Korea, United States, Asia, Saudi Arabia, Europe, Virginia, Wayfair, Williams, Sonoma

☆ Furniture companies in a rut as fewer people buy big-ticket items
▼ + stars: | 2023-09-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are experiencing a massive sales slump compared to last year. On Friday, shares of RH (RH) fell 16%, while Hooker Furnishings (HOFT) dropped 17%. The two companies are the latest in a growing list of furniture retailers seeing a slowdown after years of growth fueled by pandemic-era stay-at-home trends. Wayfair, an online furniture seller, saw its second-quarter revenue decline 3.4%, and La-Z-Boy, a furniture manufacturer, reported a 20% drop in sales in August.

Persons: Hooker, David L, Ryan, ” Williams, Laura Alber, Brad Thomas, ” Thomas, ”, Gary Friedman, Thomas, Bob Williams, Chris Moye, ” Hooker, Jeremy Hoff, “ Organizations: CNN, West Elm, Boston Globe, KeyBanc, Home, Target, Mortgage, Association Locations: Virginia, Wayfair, Williams, Sonoma, Lynnfield

Search resuls for: "Hoft"

4 mentions found