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☆ The Fed could cut rates 5 times in 2025 with the US economy bound to slow, chief economist says
▼ + stars: | 2024-03-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The Fed could cut rates five times in 2025, according to S&P Global Ratings' global chief economist. A slowing US economy will give the Fed the green light to cut, the firm predicted. That implies the Fed will lower rates by 2 full percentage points as inflation continues to cool. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Fed could cut rates as many as five times next year, as the US economy can't keep its hot pace of growth forever, according to Paul Gruenwald, S&P Global Ratings' global chief economist.

Persons: —, Paul Gruenwald, Gruenwald Organizations: Service, Yahoo Finance, Business

☆ Fed officials are now considering fewer rate cuts this year
▼ + stars: | 2024-03-26 | by ( Elisabeth Buchwald | Bryan Mena | ) edition.cnn.com time to read: +7 min

That’s because some Federal Reserve officials are reconsidering forecasts they made three months ago that called for three rate cuts this year. The stakes are high because there are consequences if the Fed cuts rates soon or if it leaves rates where they’ve been for the past eight months. First rate cut hinges on inflation dataIn February, Bostic told CNN that the first rate cut could come “sometime in the summertime.” That’s also Wall Street’s current expectation. He hasn’t specified — and is unlikely to signal — the number of rate cuts he believes are appropriate for this year. He has cheered inflation’s descent and said further improvement could open the door to rate cuts — if that actually bears out.

Persons: they’ve, Raphael Bostic, ” Bostic, Bostic, That’s, Powell hasn’t, Price, Nam, ” David Page, Powell, Rather, Jerome Powell, Chip Somodevilla, Lisa Cook, Austan Goolsbee, ”, we’ve, we’re, Goolsbee, Christopher Waller Organizations: CNN, Federal Reserve, Atlanta Fed, Index, AXA, Federal, ”, Harvard University, Chicago, Yahoo Finance, Fed, San Francisco Fed Locations: New York

☆ Boeing just pulled a classic corporate America move and promoted a woman to clean up its mess
▼ + stars: | 2024-03-26 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

Boeing named Stephanie Pope the new CEO of its commercial airlines division on Monday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStephanie Pope knows Boeing well: a third-generation employee, she joined the company in 1994. Pope did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: Stephanie Pope, —, Pope, Stan Deal, Michelle Ryan, Elon Musk, Linda Yaccarino, Yaccarino, Carly Fiorina, Marissa Mayer, Sue Gove, Calhoun Organizations: Boeing, Service, BCA, Boeing Global Services, Twitter, HP, Yahoo, Bed, Business Insider

☆ Elon Musk would be the best owner for TikTok. There's just one problem.
▼ + stars: | 2024-03-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

At one point, Elon Musk might have seemed like a great candidate to buy TikTok. Turns out my boss Henry Blodget is suggesting we all band together to rustle up the money to buy TikTok. You might recall Elon Musk from 2022. And that Elon Musk would be a great candidate to buy the US operations of TikTok. The sales pitch would be simple: Elon Musk.

Persons: Elon, —, Steven Mnuchin, doesn't, Bobby Kotick, Sam Altman, Henry Blodget, Henry, didn't, Joe Biden, ByteDance, that's, Steve Mnuchin, — Elon, Elon Musk, Guy Who, Esther Crawford, Musk, he's Organizations: Service, Activision, Street, Yahoo, Twitter, Elon Locations: TikTok, ByteDance

☆ China's BYD is the world's biggest electric car maker — but it's not coming to America anytime soon
▼ + stars: | 2024-03-09 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

Read previewJapanese and Korean carmakers cracked the US market long ago — but don't expect Chinese EV seller BYD to repeat that feat. Advertisement"It'd be very difficult for a Chinese EV maker to enter the US market," Seth Goldstein, an equity strategist at Morningstar, told Business Insider. The bill, a key part of US President Joe Biden's economic agenda, offers tax credits worth up to $7,500 for EV makers, excluding any "Foreign Entity of Concern." BYD isn't the only company turning its back on the US EV market. Given that EV sales growth is stalling in US, it's perhaps little wonder companies like BYD are not too bothered.

Persons: —, There's, Tesla, We're, Stella Li, BYD, Seth Goldstein, I'm, Suzuki, Jim Farley, Will Roberts, Goldstein, Roberts, Joe Biden's, Joe Biden, Demetrius Freeman, Rho Motion's Roberts, you'd, Li, carmakers Organizations: Service, Yahoo Finance, Business, Morningstar, Toyota, Motors, Nissan, Mazda, Lexus, Honda, Mitsubishi, Korea's Hyundai, Kia, North, Ford, EV, Rho, Energy, Treasury, Washington Post, Cox Automotive, Apple Locations: Korean, North America, —, China, North American, Russia, Iran, North Korea, Brazil, Thailand, Americas, Asia, South America

☆ Taiwan wants to hire Indian workers. What’s skin color or religion got to do with it?
▼ + stars: | 2024-03-05 | by ( Diksha Madhok | Wayne Chang | ) edition.cnn.com time to read: +4 min

New Delhi/Hong Kong CNN —Taiwan has swung into damage control mode after its labor minister made controversial comments about the skin color, religion and diets of some Indians ahead of a potential drive to recruit migrant workers to the island. In a separate apology, Taiwan’s labor ministry said Hsu implied “absolutely no discriminatory connotation when she mentioned ‘similar skin color’ in the interview. CNN has reached out to India’s Ministry of External Affairs for comments. In February, Taiwan said it will hire migrant workers from India to ease its labor shortage, but did not share any other details. Taipei currently allows migrant workers from Thailand, Vietnam, Indonesia and Philippines to work in the island, according to the labor ministry.

Persons: Hsu Ming, chun, ”, ” Hsu, Hsu, Hsu’s, Taiwan’s Foxconn, ” Young Liu, ” Liu, Padma Bhushan Organizations: Hong Kong CNN, Taiwan, Yahoo, Labor, CNN, India’s Ministry, Affairs, Padma, Bloomberg Locations: New Delhi, Hong Kong, Taiwan, India’s, India, China, Bangladesh, Myanmar, Covid, “ India, Japan, South Korea, Taipei, Thailand, Vietnam, Indonesia, Philippines

☆ BYD fires the latest shot in China's EV price war with 12% price cut
▼ + stars: | 2024-03-05 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +2 min

BYD, the world's top-selling EV seller, has launched a cheaper version of its Yuan Plus car. Rivals such as Xpeng and Tesla have also initiated price drops and incentives to entice buyersIt comes as EV sales have dropped in China. The price cut, which comes amid an accelerating EV price war and slowing sales in the world's biggest car market, was first reported by Reuters. As well as cornering the affordable EV market, it's also dabbling in the other end of the market with a $233,000 electric supercar. As a result, Shenzhen-based BYD is "not planning to come to the US," BYD Americas CEO Stella Li told Yahoo Finance last week.

Persons: Tesla, —, Xpeng, Elon, Warren Buffett, BYD, it's, EVs, Stella Li Organizations: Service, Reuters, China Morning Post, Auto, L6, Yahoo Finance, EV Locations: China, Weibo, America, Shenzhen, West

☆ The rise of 'zombie' VCs puts startups that took funding from them in a difficult spot
▼ + stars: | 2024-03-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

What's on deckAdvertisementBut first, zombie, zombie, zombie-ie-ie-ie. AdvertisementThat's why zombie VCs pose such a problem for the industry. Sussing out the prudent investor from the penniless one takes time and effort, two things startups can't necessarily afford when times are tough. AdvertisementIs having a zombie VC as an investor the equivalent of a scarlet letter? If a partner jumps ship from a zombie VC, startups they backed will be in a tough spot.

Persons: —, here's, Insider's Ben Bergman, Ben, it's, Alyssa Powell, Morgan Stanley, Goldman Sachs, Ray Dalio isn't, Sundar Pichai, Marissa Mayer, Yahoo's, Cory Doctorow, He's, Smashmallow, they've, Jack Teixeira, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, BI, Bridgewater, Bank of America, Trading, Google, Canadian, Singapore Locations: There's, Silicon Valley, British, Singapore, Israel, New York, London, Chicago

CNN —Iowa Hawkeyes superstar guard Caitlin Clark became the NCAA’s Division-1 all-time leading scorer in basketball – male or female – against the Ohio State Buckeyes on Sunday, passing Hall of Famer “Pistol” Pete Maravich. Supernova talentIowa guard Caitlin Clark broke the scoring record with a pair of free throws at the end of the first half. “It’s not anything that’s really been done in women’s basketball before,” she said. Correction: An earlier version of this story incorrectly stated the scoring record. Caitlin Clark became the NCAA Division I all-time leading scorer across men’s and women’s basketball.

Persons: Caitlin Clark, Pete Maravich, Clark, “, that’s, ”, Angel Reese, ’, She’s, Pete ” Maravich, Maravich, Jaeson Maravich, University of Washington’s Kelsey Plum, Lynette Woodard, Cliff Jette, Steph Curry, Sabrina Ionescu Organizations: CNN, Iowa Hawkeyes, Ohio State Buckeyes, Famer, Ohio State, NCAA, Sunday, LSU Tigers, LSU, Clark’s University of Iowa, Gatorade, Nike, State Farm, “, of Famer, Yahoo Sports, University of Washington’s, Kansas, Hawkeyes, Iowa, TNT Sports, NBA, WNBA, Indiana Fever, NCAA Division Locations: Ohio, Iowa, Des Moines , Iowa, men’s

The new missionDeveloping and scaling this cookie replacement has become the new mission for The Trade Desk, one of adtech's greatest independent success stories. While many other adtech companies offered this service, The Trade Desk over the years proved it could do it better. The Trade DeskWith cookies disappearing, The Trade Desk is approaching its first big test. These deals are typically cut with major advertising agency holding companies and don't usually include adtech platforms like The Trade Desk. "These next 12 months for The Trade Desk are going to be difficult and not the experience that you're used to," this person said.

Persons: Jeff Green, Andrew Casale, Brian Wieser, Samantha Jacobs, hasn't, There's, Tom Triscari, It's, they're, Greg Doherty, Jeff, Green, Criteo, Megan Clarken, Dan Salmon, they've Organizations: Trade, Universal, Google, Business, Exchange, Company, BI, Disney, The Washington Post, Yahoo, Wall Street, Projects, CTV, CBS, The, Arete Research, Intelligence, Variety, Street Research

☆ The Apple car's apparent death is another grim sign for EVs
▼ + stars: | 2024-02-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +3 min

Apple appears to be tapping out as car companies scramble to adjust EV plans. AdvertisementThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.

Persons: —, Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Apple, Service, EV, Bloomberg, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America

☆ The Apple car is the latest casualty in the brutal EV market
▼ + stars: | 2024-02-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +2 min

Read previewThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Apple's "Project Titan" car was also supposed to be an autonomous, expensive technology that most car companies have already put on the back burner. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.

Persons: —, Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Service, EV, Apple, Bloomberg, Business, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America

☆ Mark Cuban got the idea for a $5.7 billion business in a California Pizza Kitchen
▼ + stars: | 2024-02-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

That's where Mark Cuban and his college friend Todd Wagner were in 1995, eating lunch and talking about Indiana University basketball. "There's got to be a way that we can listen to Indiana University basketball ... over the internet," Cuban recalled the two of them saying, during a MasterClass course released Thursday. Cuban and Wagner sold the company to Yahoo for $5.7 billion in stock in 1999. It remains Cuban's most lucrative entrepreneurial endeavor, topping the $6 million sale of his first company, software business Microsolutions, in 1990. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

Persons: Mark Cuban, Todd Wagner, There's, Cuban, Wagner, Broadcast.com, he's Organizations: Ivy League, Indiana University basketball, Yahoo, Hoosiers, Cost, CNBC Locations: Dallas, Bloomington , Indiana, Broadcast.com, Cuban

☆ Why a CEO says bosses should embrace 'coffee badging': 'I don't hire people to watch them work'
▼ + stars: | 2024-02-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

A lot of workplaces these days have in-office mandates, with bosses who get upset if employees don't physically show up. Frank Weishaupt, CEO of Boston-based video conferencing equipment maker Owl Labs, isn't one of those bosses. He actively encourages his employees to create schedules that work for them, in locations that make sense, he says — even if what makes sense is "coffee badging." I don't hire people to watch them work," Weishaupt says. Coffee badging may seem like an inefficient use of time, but flexible schedules like this can boost efficiency and morale.

Persons: Frank Weishaupt, it's, Weishaupt Organizations: Boston, Owl Labs, Yahoo, Gartner, Disney

FRANKFURT, Germany (AP) — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil, one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. He subsequently condemned Russia's invasion as “barbaric.” The Nasdaq exchange suspended trading in Yandex shares days after the invasion. After the sale, Yandex NV would be left with its international businesses — employing 1,300 people — including self-driving technology and generative artificial intelligence as well as a data center in Finland. Yandex NV Chairman John Boynton said the company had faced “exceptional challenges” since the start of the war. None of the purchasers have been sanctioned, Yandex NV said, and the cash part of the transaction would be conducted in Chinese yuan outside of Russia.

Persons: Vladimir Putin's, Arkady Volozh, Dmitry Peskov, ”, —, Alexander Chachava, Pavel Prass, Alexander Ryazanov, John Boynton, Boynton, McDonald’s, France’s Renault, Baltika Organizations: Western, Nasdaq, Yandex, Google, Yahoo, European Union, Companies, Baltika Breweries, Danone Locations: FRANKFURT, Germany, Russian, Russia, Ukraine, Moscow, Netherlands, Israel, Finland, Avtovaz, Western

☆ Great bosses encourage these 3 things in the workplace to boost employee success, says CEO: 'It's a big’ deal
▼ + stars: | 2024-02-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Imagine this: You go to the office to grab your morning coffee and some conversation with your team. This is called "coffee badging," and more bosses should get behind it instead of forcing strict in-office mandates, says Frank Weishaupt, CEO of Boston-based Owl Labs, which makes video conferencing equipment. Employees agree, with 58% of hybrid workers saying they coffee badge, according to Owl Labs' 2023 State of Hybrid Work report. In 2024, great bosses will ditch their outdated workplace practices, according to Weishaupt, who has more than 20 years of executive experience at companies ranging from startups to Yahoo. Here are two other things that great bosses will encourage at work this year, he says:

Persons: Frank Weishaupt, Weishaupt Organizations: Boston, Owl Labs, CNBC, Employees, Yahoo

☆ FBI: 'Financial sextortion' of teens is a 'rapidly escalating threat.' How parents can protect their kids
▼ + stars: | 2024-02-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Cavan Images | Cavan | Getty Images"Financial sextortion," a type of cybercrime that targets teens and tweens, is on the rise. "Sextortion is a rapidly escalating threat," FBI Director Christopher Wray told the Senate Judiciary Committee in December. Financial sextortion is the fastest-growing crime targeting children in North America and Australia, according to the Network Contagion Research Institute. Wealthy parents are more likely to be lenient about social media use. How to protect your kids from sextortion

Persons: Christopher Wray, Sen, Dick Durbin, Criminals, Tracy Kitten, Kitten, didn't, Oladosu, sextortion Organizations: Getty, FBI, Finance, Network, Research, Yahoo Boys, Meta, Strategy, U.S, YouTube Locations: Cavan, North America, Australia, African, U.S, Nigerian, bitcoin, sextortion

☆ A government employee bought a wildly expensive sex doll to promote kimonos to tourists. Now the scandal's blowing up.
▼ + stars: | 2024-01-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewAuditors have rapped the Tokushima Prefectural Government for purchasing an "extremely expensive" sex doll to promote the city's tourism. The exhibition was meant to promote the prefecture's traditional indigo-dyeing art, so the doll was clad in an indigo-dyed summer kimono, per the Mainichi. Officials initially used a pair of cheaper mannequins — not the sex doll — at the exhibition in June 2017. AdvertisementBut in July, an unnamed male official decided to replace the mannequins with the sex doll. The auditors dismissed the prefecture's claims that the sex doll was more effective at drawing tourists than the mannequins.

Persons: —, he'd, Masazumi Gotoda Organizations: Service, Tokushima Prefectural Government, Business, Tokushima Awaodori Airport, Mainichi Shimbun, Mainichi . Officials, Mainichi, COVID, Yahoo Japan Locations: Tokushima Prefectural, Tokushima, Noto

☆ It's almost impossible for first-time buyers to afford a home, top analyst says
▼ + stars: | 2024-01-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewSky-high house prices and mortgage rates have dashed many Americans' dreams of owning their own home, the chief economist of Moody's Analytics says. Meanwhile, 30-year mortgage rates have surged from historic lows of 2.5% during the pandemic to nearly 7%, Zandi noted. The so-called affordability crisis has been fueled by the lock-in effect, where homeowners on cheap mortgage rates don't want to lose it by selling. Indeed, sales volumes of existing homes slumped by 17% between February and December last year, from 4.6 million units to below 3.8 million, per the St. Louis Fed. Zandi has previously warned that several things need to happen for sales volumes to return to normal levels.

Persons: —, Mark Zandi, Louis, Zandi, They've, Louis Fed Organizations: Service, Business, Louis Fed, Federal Reserve, Yahoo Finance

☆ Small-cap stocks are the cheapest they've been since 2000 and are an under-the-radar way to profit from AI, a strategy chief predicts. Here are 5 ways to play their upcoming rally.
▼ + stars: | 2024-01-30 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

A soft landing would greatly boost small caps since they're economically sensitive, meaning they tend to thrive in expansions and fall during contractions. Marcelli also made note of smaller companies' weaker balance sheets, though those are arguably accounted for in valuations. With that said, those positive forces appear to be intact, so small caps could finally break out. Instead of selling AI chips or products, smaller companies can enhance their productivity by using the technology, the strategy chief said. 5 sectors where small caps can thriveWithin small caps, Temple said he's less focused on what sector a company falls into and more concerned with whether that firm is financially healthy.

Persons: haven't, Russell, Marcelli, Ronald Temple, Temple, couldn't, there's, Jack Janasiewicz, Janasiewicz, he's, you've, I'd, they've Organizations: Business, Yahoo Finance, UBS Global Wealth Management, Lazard Asset Management, Temple, Reserve, Savings, Nvidia, Devices, Microsoft

☆ The top 3 things bosses should get rid of in 2024, says CEO—remote work isn’t one of them
▼ + stars: | 2024-01-29 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Over those two decades, and especially since the Covid-19 pandemic, Weishaupt says he's observed and learned from shifts in the workplace. Right now, he is embracing flexible work, believes employees shouldn't be micromanaged and encourages his workforce to dress comfortably, he says. Companies like Amazon and Disney have enacted stringent in-office work policies in recent months, with some citing reasons like office costs and employee productivity. And if I choose to be in the office the remainder of the day to finish my work, I'll do it. Embrace a more casual dress codeFlexible work arrangements may challenge your office's traditional dress code of suits, below-the-knee skirts and dress shoes.

Persons: Frank Weishaupt, he's, shouldn't, Weishaupt Organizations: Boston, Owl Labs, Yahoo, Disney, Gallup Locations: Weishaupt, United States

☆ Mark Cuban: Here's the moment I knew I wouldn’t succeed in corporate America
▼ + stars: | 2024-01-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban once pictured himself running a major corporation — until he started his first job out of college. The experience "sealed" something he probably already knew, Cuban told CNBC Make It via email: If he wanted to run a company, he'd likely have to build his own. "I was a lousy employee because I was a know-it-all," Cuban told Wired last year. But not every prospective entrepreneur is as successful as Cuban, who launched a software company called Microsolutions in 1983 and kept it afloat through some turbulent early years. Cuban's second business, Broadcast.com, was acquired by Yahoo for $5.7 billion in 1999.

Persons: Mark Cuban, Cuban, Trevor Noah's, unkindly, he's, didn't, he'd Organizations: —, University of Indiana, Mellon Bank, CNBC, Software, Wired, Yahoo Locations: Pittsburgh, Cuban, America, Dallas

☆ Sextortion is fastest-growing crime targeting minors in North America – and social media companies can do more to stop it, study finds
▼ + stars: | 2024-01-27 | by ( Lora Kolodny | ) www.cnbc.com time to read: +11 min

NCRI, a nonprofit, found cybercriminals used the social apps Instagram, Snapchat and Wizz to find and connect with their marks. And social media platforms should include a distinct category to report sextortion — as Snapchat did in early 2023. Parents and educators should "combat the belief that photos sent on Snapchat disappear, which can create a false sense of security," the NCRI study recommends. The NCRI study also strongly criticized Wizz, concluding: "Sextortion on Wizz is pervasive and dangerous. Apple's App Store and Google Play can also help, the NCRI study suggested, by carefully monitoring complaints about sextortion associated with social media apps, and enforcing their existing policies.

Persons: cybercriminals, Wizz, Paul Raffile, Alex Goldenberg, TikTok, Scribd, sextortion, Snapchat, Goldenberg, screenshotted, General Raúl Torrez, Mark Zuckerberg, Meta, — Kevin Collier, Ben Goggin Organizations: Yahoo, Network, Research, FBI, Yahoo Boys, NBC News, CNBC, NBC, Secret Service, Facebook, YouTube, Meta, gov, National Center for Locations: North America, Australia, West Africa, Michigan, Wizz, New Mexico, U.S

☆ Boeing's embarrassing 737 Max disaster could hit entire US economy, aviation expert says
▼ + stars: | 2024-01-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewBoeing's 737 Max 9 fiasco could impact the entire US economy, according to Boyd International president Mike Boyd. Finance, the aviation expert pointed to the January 5 incident on an Alaska Airlines flight, during which the door blew out of the 737 Max 9 aircraft. Over a hundred 737 Max 9 planes were grounded by the Federal Aviation Administration this month, sparking a wave of flight cancellations and an investigation that found many 737 Max planes had loose bolts. AdvertisementIt's not the first time Boeing's 737 Max fleet has had issues. In 2019, two Boeing 737 Max planes crashed, killing nearly 350 people.

Persons: —, Max, Mike Boyd, Boyd, That's, Scott Kirby, I'm, Calhoun, Dave Calhoun, Stan Deal Organizations: Service, Boyd International, Business, Yahoo, Finance, Alaska Airlines, Max, Boeing, United Airlines, United, Boeing Commercial, Federal Aviation Administration Locations: Chicago, Seattle, Alaska, United

☆ Sri Lanka Votes on New Law to Regulate Online Content
▼ + stars: | 2024-01-24 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Uditha JayasingheCOLOMBO (Reuters) - Sri Lanka's lawmakers are set to vote on a social media regulation bill on Wednesday which opposition politicians and activists allege will muzzle free speech. The Online Safety Bill proposes jail terms for content that a five-member commission considers illegal and make social media platforms such as Google, Facebook and X, formerly known as Twitter, liable for those posted on their platforms. President Ranil Wickremesinghe's government says the bill is aimed at battling cyber crimes including child abuse, data theft and online fraud. This is why we are bringing this law," Public Security Minister Tiran Alles said on Tuesday while introducing the bill. "We unequivocally stand by our position that the Online Safety Bill, in its current form, is unworkable and would undermine potential growth and foreign direct investment into Sri Lanka's digital economy," the AIC said in a statement.

Persons: Uditha Jayasinghe, Bill, Ranil Wickremesinghe's, Wickremesinghe, Tiran Alles, Eran Wickramaratne, Jana Balawegaya, Sudipto Ganguly, Raju Gopalakrishnan Organizations: Reuters, Google, Facebook, Twitter, Public, Asian Internet Coalition, AIC, Yahoo, Sri, Wednesday Locations: Uditha Jayasinghe COLOMBO, Sri Lanka, Lanka's

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