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☆ New York Adds Stiffer Requirements to Cybersecurity Rules
▼ + stars: | 2023-11-02 | by ( James Rundle | ) www.wsj.com time to read: 1 min

Adrienne Harris, the superintendent of the New York State Department of Financial Services, in May. Photo: Anna Moneymaker/Getty ImagesNew York’s financial watchdog published significant updates to its cybersecurity regulations Wednesday, adding strict provisions around board oversight and ransom payments that go further than recent federal rules. The New York State Department of Financial Services, which oversees banks, insurance firms, mortgage brokers and other financial institutions, expanded its initial cybersecurity rules, published in 2017, because rising cyberattacks require stronger protections, said Adrienne Harris , superintendent of financial services, in a statement.

Persons: Adrienne Harris, Anna Moneymaker Organizations: New York State Department of Financial Services

☆ Biden administration to crack down on ‘junk fees’ in retirement plans
▼ + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden administration is cracking down on so-called "junk fees" in retirement accounts. The "hidden costs" of financial conflicts in retirement plans amount to "junk fees," Lael Brainard, director of the White House National Economic Council, said during a press call Monday evening. watch now"It's time to get junk fees out of the retirement savings market," said Julie Su, acting secretary of the Labor Department, during the call. However, the Labor Department can regulate them if sold in a retirement account, according to a Biden administration official speaking on background. It's time to get junk fees out of the retirement savings market.

Persons: Julie A, Su, Tom Williams, Biden, There's, Lael Brainard, Julie Su, Sen, Bill Cassidy, Virginia Foxx, Anna Moneymaker, Obama Organizations: Labor, Health, Education, Washington , D.C, CQ, Inc, Getty, U.S . Department of Labor, Finance, Securities and Exchange Commission, Congressional Research Service, White, National Economic Council, Labor Department, Rep, Economic, SEC, Biden, Department of Labor Locations: Washington ,

☆ Exclusive: Tech billionaire Peter Thiel was an FBI informant
▼ + stars: | 2023-10-19 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +12 min

Another source close to Thiel told Insider that while they could not confirm that Thiel was a CHS, Thiel did speak to Buma occasionally. "[They] will be either an 'FBI source' or a 'former FBI source' and, in turn, his or her conduct or misconduct will reflect upon the FBI." Drew Angerer/Getty ImagesAs a CHS, Thiel was assigned a code name and an internal serial number to track his reporting. Thiel, Johnson said, was directed by the FBI not to report on his interactions with Donald Trump or other US political figures. Johnson told Insider that he brokered an introduction between Thiel and the FBI special agent who would become his handler.

Persons: Peter Thiel, Trump, Thiel, Johnathan Buma, Charles Johnson, Johnson, MAGA, Donald Trump, Drew Angerer, Scott Horton, Buma, Sen, J.D, Vance of, Blake Masters, —, Vance, Joe Biden's, Vance of Ohio, Anna Moneymaker, Masters, Mithril's, Matt Gaetz, Gaetz's, Ginger Gaetz, Bill Barr, Rudy Giuliani, Alex Wong, Jeffrey Epstein, Enrique Tarrio, Tarrio, Mattathias Schwartz Organizations: FBI, Buma, CHS, Trump, Trump Tower, Republican National Convention, Joe Biden's Department, Getty Masters, Mar, Masters, Pentagon, CIA, National Security Agency, US Army, NSO Group, Forbes, Mithril, Clearview's, Committee, Capitol, Founders Fund, Boys Locations: Los Angeles, Germany, United States, New Zealand, Malta, Silicon, Vance of Ohio, Arizona, Palantir, American, Russian, Atlantic City, schwartz79@protonmail.com

☆ Welcome to the revenge of the Republicans you've never heard of before
▼ + stars: | 2023-10-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Rep. Jim Jordan's speakership bid has been thwarted — for now. Call it the revenge of the Republicans you've never heard of — the ones who aren't regularly featured on Fox News, who don't have massive social media followings, and who aren't known for styling themselves as right-wing crusaders. If Jordan's speakership bid ultimately fails, it will signify a stunning turnaround for a party that's been in thrall to its loudest voices since the ascent of Donald Trump in 2015. AdvertisementAdvertisement81 House Republicans — more than a third of the conference — voted for him anyway. 20 House Republicans voted against him on Tuesday, 22 voted against him on Wednesday, and even more were expected to vote against him on a potential third vote.

Persons: Jim Jordan's speakership, —, Kevin McCarthy's, Matt Gaetz, Gaetz's, Jim Jordan, Republican holdouts, Republicans you've, aren't, McCarthy, Gaetz, Pro Tempore Patrick McHenry —, Jordan's, that's, thrall, Donald Trump, Austin Scott, Austin Scott of, Jordan, Scott, Republican who's, Steve Scalise's, Scalise, underscoring, Lauren Boebert, wasn't, Republicans —, — Gaetz, Chip Roy, Paul Gosar of, Kay Granger, Republicans who’s, Anna Moneymaker, Anthony D'Esposito, Steve Womack, who's, Sean Hannity, they've, Jordan hasn't, Austin Scott's, Jack Bergman, Tom Williams, Jack Bergman —, General Bergman, James Hogge, Dan Meuser Organizations: Republicans, Service, Rep, —, Republican, Fox News, Ohio Republican, Pro Tempore, North Carolina —, GOP, Democrat, Georgia Republican, Freedom Caucus, New York Republicans, Republican Governance Group, Trump, Images Locations: Florida, Ohio, North Carolina, Austin Scott of Georgia, Colorado, Boebert, Texas, Paul Gosar of Arizona, Kay Granger of Texas, Arkansas, @RepKayGranger, Pennsylvania

☆ Could Apple be a casualty of the DOJ suit targeting Google?
▼ + stars: | 2023-10-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The U.S. Department of Justice's case against Google Search went to trial last month , with the agency alleging Google unfairly used exclusive deals with mobile companies and browser firms to make its search engine the default for consumers. The Wall Street analyst estimated that Apple earns between $18 billion to $20 billion a year from Alphabet for making Google the default search engine on Apple products. Google has repeatedly rejected the DOJ's claims, arguing its search engine is simply a superior product relative to that of competitors. Google Search didn't become the dominant search engine because of a tie-in with Apple. AAPL YTD mountain Apple (AAPL) year-to-date performance When it comes to Apple, we have found that the best strategy for long-term investors like us is to block out the noise.

Persons: Apple, Bernstein, Toni Sacconaghi, John E, Bernstein's Sacconaghi, Sacconaghi, Jim Cramer's, Jim Cramer, Jim, Sundar Pichai, Tim Cook, Joe Biden, Anna Moneymaker Organizations: U.S . Department, Google, Apple, Wall, Big Tech, CNBC, White, Washington , D.C, Getty Locations: U.S, Washington ,

CNN —Following Kevin McCarthy’s historic ouster as House speaker, names have started to emerge as possible successors to take over the gavel. Jordan replied “yes,” when asked if he is running for speaker and said he had just talked to House Majority Leader Steve Scalise, the No. Anna Moneymaker/Getty Images/FILELouisiana Rep. Steve Scalise, who serves as House majority leader, announced on Wednesday his intention to succeed McCarthy. As he exited a GOP meeting, he told reporters, “Steve Scalise has been a friend for a long time. Kevin HernRep. Kevin Hern leaves a meeting of the House Republican Conference at the Capitol Hill Club on Wednesday, July 26, 2023.

Persons: Kevin McCarthy’s, McCarthy, Tuesday’s, Jim Jordan Rep, Jim Jordan, Anna Moneymaker, Jim Jordan of Ohio, Jordan, “, Steve Scalise, Fani Willis, Attorney Alvin Bragg, Trump, Hunter Biden, ” Scalise, Scalise, ”, David Duke, Tom Emmer, Tom Williams, Emmer, “ Steve Scalise, Kevin Hern, ”, I’ve, ” Hern, Hern Organizations: CNN, GOP, Republican, Committee, Manhattan, Attorney, Justice Department, Freedom Caucus, Building, Congress, Ku Klux, House Republican Conference, Capitol, Minnesota Republican, Louisiana Rep, Minnesota, Financial Services, Capitol Hill Club, Oklahoma Republican, Caucus, McDonalds, Small Business Locations: Washington , DC, Benghazi, Trump, Fulton County, Louisiana, Alexandria , Virginia, New Orleans ’, Minnesota, Texas

☆ Who leads the House now? The top Republicans who could be the next House speaker.
▼ + stars: | 2023-10-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementFor the first time in American history, House lawmakers have ejected the Speaker of the House from power. 3 House Republican and formerly led the House GOP's campaign arm. Donalds, who is not in House leadership, did not speak on the floor before the historic vote. She was catapulted into House leadership after Republicans booted then-Rep. Liz Cheney from her post as the N0. Once a more liberal Republican, Stefanik has become one of the biggest Trump supporters in the entire House Republican conference.

Persons: Kevin McCarthy, —, Matt Gaetz's, McCarthy, Tom Emmer, Steve Scalise, Elise Stefanik, Here's, Minnesota Republican Nathan Howard, Andy Biggs, Anna Moneymaker, Scalise, Byron Donalds Rep, Byron Donalds of, Michael M, Donalds, Ron DeSantis, Jim Jordan Rep, Jim Jordan, Drew Angerer, Jordan can't, Jordan, Joe Biden, Andrew Harnik, Donald Trump's, Liz Cheney, Donald Trump, Stefanik, Kevin McCarthy Kevin McCarthy Drew Angerer, he's, Gaetz, Trump, There's, Aaron Sorkin's Organizations: Service, Minnesota Republican, Getty, Republican, Politico, Caucus, Washington Post, GOP, Louisiana Republican, Congressional, Florida Republican, Florida, Gov, Ohio Republican, The Ohio Republican, New York Republican, Republicans, Trump, Capitol Locations: Minnesota, Louisiana, Byron Donalds of Florida, Ohio, Washington

☆ Live updates: Congress averts government shutdown with last-minute votes
▼ + stars: | 2023-10-01 | by ( Maureen Chowdhury | Matt Meyer | ) edition.cnn.com time to read: +1 min

Anna Moneymaker/Getty ImagesBipartisan members of Senate leadership on Saturday committed to a vote on further funding for Ukraine aid "in the coming weeks." Bennet told reporters the bipartisan statement was exactly what he had hoped to see when he objected on the stopgap bill to keep the government open due to its lack of Ukraine funding. In a separate statement, Bennet addressed the need for Senate leadership to reaffirm support for Ukraine. Senate Leadership needed to reaffirm our bipartisan commitment to sustain funding for Ukraine. The Senate Leadership has released such a statement, and, as a result, I voted to keep the government open," he said in the statement.

Persons: Anna Moneymaker, Vladimir, Putin’s, Democratic Colorado Sen, Michael Bennet, Bennet, CNN's Haley Talbot Organizations: Getty, Ukraine, Democratic Colorado Locations: Europe, Ukraine

☆ Starbucks violated labor law when raising wages for non-union employees, judge finds
▼ + stars: | 2023-09-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

New York CNN —Starbucks violated federal labor law when it increased wages and offered new perks and benefits only to non-union employees, a National Labor Relations Board judge found Thursday. The decision is the latest in a series of NLRB rulings finding that Starbucks has violated labor law in its efforts to stop unions from forming in its coffee shops. Last year, Starbucks announced that it would raise wages for non-union employees, and offer them other new benefits. Starbucks should also post a notice in its cafes telling workers that the NLRB found Starbucks had violated federal labor law, and detailing employee rights, she said. Thursday’s decision was “a massive victory for Starbucks workers,” Starbucks Workers United, which has been leading the union charge, said in a statement to CNN.

Persons: “, ”, Mara, Louise Anzalone, Lindsay DeDario, Howard Schultz, Anzalone, Justin Sullivan, Rachel Wall, Bernie Sanders, Schultz, ” Howard Schultz, Anna Moneymaker Organizations: New, New York CNN, National Labor Relations, Starbucks, Reuters, ” Workers, NLRB, CNN, Health, Education, Labor, Getty, Starbucks Workers Locations: New York, Buffalo , New York, ”, San Francisco , California, Dirksen, Washington , DC

☆ If You Think Socialism Is Unpopular Now...
▼ + stars: | 2023-09-27 | by ( James Freeman | ) www.wsj.com time to read: +1 min

Photo: Anna Moneymaker/Getty ImagesThis column has lamented the modern evolution of the New York Times from left-leaning journalism to edgy content for progressives—“a juicy collection of great narratives,” in the words of the Times’s former media columnist. Having decided to cater to a limited and fiercely ideological slice of the public with its flagship newspaper, the New York Times Co. then opted to look for growth in entertainment products with broader appeal. But the reaction to a New York Times column this week raises the exciting possibility that even the newspaper’s readers have consumed about all the juicy progressive narratives they can stand. It’s unclear whether this is a precise reading of liberal sentiment, but one dares to hope that the entire Democratic Party might finally be ready to evolve out of its era of radical excess. The timing could be perfect as a warning from one influential leftist suggests that many of the party’s voters still don’t realize how much their ideas will cost them.

Persons: Anna Moneymaker, — Organizations: New York Times, New York Times Co, Democratic Party

☆ Biden ESG rule survives challenge in court. 'Tonal shift’ may be biggest victory, lawyer says
▼ + stars: | 2023-09-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The Biden administration rule — which took effect Jan. 30 — was one facet of a White House effort to address climate change. Biden's ESG rule replaced a regulation issued by the Trump administration. That's because ERISA, a federal retirement law, disallows employers from picking investments for ideological reasons. The Biden administration was concerned that the spin around the Trump rule might have chilled plans' willingness to consider ESG factors. "The Biden administration was concerned that the spin around the Trump rule might have chilled plans' willingness to consider ESG factors in evaluating plan investments," Iwry said.

Persons: Joe Biden, Marty Walsh, Anna Moneymaker, —, Biden, Biden's, Trump, PSCA, Andrew Oringer, Oringer, DOL, gunning, Mark Iwry, Obama, Matthew Kacsmaryk, Mark Iwry nonresident, Iwry, Mischa Keijser Organizations: Labor, White, Getty, of America, U.S . Department of Labor, Northern District of Texas, Wagner Law, Department of Labor, Biden, Trump, Brookings Institution, U.S . Department of, Treasury, Brookings, Labor Department Locations: Rose, Northern District, Texas

☆ Apple's Eddy Cue defends default search contract with Google as best option for consumers
▼ + stars: | 2023-09-26 | by ( Lauren Feiner | ) www.cnbc.com time to read: +8 min

Cue, Apple's lead negotiator of its multibillion-dollar contract with Google , appeared in federal court in Washington, D.C., to discuss the long-standing agreement between the two companies. "When we're picking search engines, we pick the best one and we let the customer easily change them," Cue said. But in other places around the world, the company still sees Google as offering the best experience, Cue said. In his testimony, Cue also reiterated criticism that Apple has when it comes to Google's privacy practices. Cue said it's easy for consumers to change their default search engines today.

Persons: Eddy Cue, Chip Somodevilla, Apple's, that's, Bernstein, Sundar Pichai, Tim Cook, Joe Biden, Anna Moneymaker, Meagan Bellshaw, Bellshaw, Cook, Cue, Pichai, hadn't, Apple, we've, Eric Schmidt, Steve Jobs Organizations: Apple, Courthouse, Washington , D.C, Getty, Google, White, Justice Department, Cue, DOJ, Federal Trade Commission, Yahoo, CNBC, YouTube Locations: U.S, Washington ,, Europe, China, Russia

☆ Lawmakers are waking up to the realities of 'gerontocracy.' But don't expect them to do anything about it.
▼ + stars: | 2023-09-20 | by ( Brent D. Griffiths | Bryan Metzger | ) www.businessinsider.com time to read: +8 min

Age limits remain popular, and lawmakers have begun to wake up to the realities of gerontocracy. "I believe everyone deserves the kind of dignity to make their own choices," said Democratic Sen. John Fetterman of Pennsylvania. He also opposes age limits, arguing that people should be able to "choose who they want, no matter how old they are." "Different people age differently, you know, somebody at a younger age may have more impacts due to aging than somebody at an older age. "I don't think it's a problem to be old, I think it's a problem to have a lack of diversity."

Persons: Mitt Romney, Sen, Lindsey Graham, Graham, Romney, Strom Thurmond, Democratic Sen, John Fetterman of, Dianne Feinstein's, Mitch McConnell, Joe Biden, Donald Trump, gerontocracy, Rep, Maxwell Frost, Anna Moneymaker, Gray, Frost, hasn't, Ro Khanna, Khanna, Dianne Feinstein, Saul Loeb, Republican Sen, John Hoeven, Hoeven, Steve Cohen of Tennessee, Marie Gluesenkamp Perez, Gluesenkamp Perez, Feinstein, McConnell, Democratic Sens, Ben Ray Luján, JD Vance Organizations: Service, Utah Republican, Capitol, South Carolina Republican, Democratic, Florida Democrat, Pew Research Service, California, Senate, Getty, Republican, Democratic Rep, Washington, Ohio Locations: Wall, Silicon, John Fetterman of Pennsylvania, Florida, North Dakota, New Mexico

☆ Insider Today: Ex-Goldman partners dish
▼ + stars: | 2023-09-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

This post originally appeared in the Insider Today newsletter. In today's big story, former Goldman Sachs partners explain what led them to leave their prestigious positions within the bank. A recent Insider investigation by Dakin Campbell and Emmalyse Brownstein found that at least 202 partners have left the firm during CEO David Solomon's volatile five-year tenure. And while Solomon's strategic missteps were a key talking point for many, not all the former partners bashed the CEO. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Goldman Sachs, it's, Goldman, David Solomon, Dakin Campbell, Emmalyse Brownstein, David Solomon's, Dakin, It's, Julian Salisbury, Dina Powell McCormick, Fred Baba, Solomon, Lloyd Blankfein, Apoorva Mehta, Instacart, Daniel Sundheim, Michael Moritz, Here's, Instacart's, Beck, Apoorva, Mehta, Tyler Le, Steve Squeri, Squeri, AEW, Tony Khan, Lauren Boebert, Anna Moneymaker, General Merrick Garland, Kim Kardashian, General Mills, Getty, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, D1 Capital Partners, Sequoia, Getty, Sequoia Capital, Northwestern Mutual Wealth Management's, American Express, Wrestling, WWE's, Fed, U.S, FedEx, General Locations: Wall, Silicon, What's, —, ChatGPT, Cerebral, Colorado, Mostar, Bosnia, Herzegovina, Greece, Bulgaria, Moldova, New York City, San Diego, London, New York

“Threats don’t matter, and sometimes people do those things because of personal things and that’s all fine,” McCarthy told reporters. “Whether or not McCarthy faces a motion to vacate is within his own hands. Alex Wong/Getty ImagesMcCarthy-Gaetz showdown takes center stage againThis is not the first time that McCarthy and Gaetz have squared off. As part of his deal to become speaker, McCarthy gave any single member the power to call for a floor vote on removing him. But after McCarthy cut a deal with Democrats to raise the debt ceiling this summer, the trust and communication between Gaetz and McCarthy broke down – and the rhetoric has gotten personal.

Persons: Kevin McCarthy, don’t, –, McCarthy, ”, ” McCarthy, “, I’ll, “ I’m, Matt Gaetz, Joe Biden, Gaetz, Eli Crane of, Dan Bishop of, Bob Good, Matt Rosendale, Ralph Norman of, Chip Roy, McCarthy’s speakership, “ We’ve, ” Good, Hakeem Jeffries, Gerry Connolly, Alex Wong, Don Bacon of Nebraska, Jim Jordan, Jordan, ” Jordan, Dusty Johnson, ” Johnson, he’s, Tim Burchett, Tony Soprano, Hunter Biden, Matt, I’m, ” Gaetz, Ken Buck, Ken Buck of Colorado, Norman, Andy Biggs, Marjorie Taylor Greene, Anna Moneymaker, wouldn’t, McCarthy’s, Roy, ” Greene, Greene, didn’t Organizations: CNN, ”, GOP, Caucus, Democrat, Republican Conference, Republican, Virginia Democrat, Florida Republican, U.S, Capitol, Biden, Ohio Republican, Tennessee Republican, McCarthy As, Senate, Freedom Caucus, Main, Democratic Locations: Florida, Eli Crane of Arizona, Dan Bishop of North Carolina, Virginia, Matt Rosendale of Montana, Ralph Norman of South Carolina, Texas, Washington , DC, McCarthy’s, Ohio, South Dakota, Gaetz, Ken Buck of, Arizona, Georgia, ”, Marjorie Taylor Greene of Georgia

☆ Insider Today: Apple's new iPhone is here
▼ + stars: | 2023-09-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

This post originally appeared in the Insider Today newsletter. But the show's real stars were the new versions of Apple's iPhone and Apple Watch. But if you were hoping a new iPhone will send Apple's stock soaring, think again. Prior to Tuesday's event, Apple's shares fell an average of 0.2% on days a new iPhone was announced, according to Barron's. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Bond, Elon Musk's, Justin Sullivan, Octavia Spencer, Tim Cook, Max, Insider's Sarah Jackson, Jordan Hart, Lakshmi, iPhones, Gary Coronado, Jamie Dimon, — Warren Buffett —, Bill Gross, DoubleLine's Jeffrey Gundlach, Pimco, DoubleLine's, Gross, Anna Moneymaker, Thomas Trutschel, isn't, Sundar Pichai, Elon, Walter Isaacson, Read, Kent Walker, Chelsea Jia Feng, Patreon, Naomi Osaka, Shaquille O'Neal, Allegra, Dayquil, Jennifer Aniston, Reese Witherspoon, Yelp, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Jets, Apple, Apple Watch, Getty, Bloomberg, JPMorgan, Wall, Google, Software, Amazon, FDA, North American, Detroit Auto, GMC, Bourbon Locations: Wall, Silicon, Milwaukee, Lakshmi Varanasi, ., China, that's, Latvia, Estonia, Chelsea, Colorado, Arizona, Morocco, New York City, San Diego, London, New York

☆ Landmark Google trial opens with sweeping DOJ accusations of illegal monopolization
▼ + stars: | 2023-09-12 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Also being called anticompetitive are Google’s contracts to ensure that Android devices come with Google apps and services — including Google search — preinstalled, the Justice Department claimed. For Google’s opening statement, attorney John Schmidtlein said that Apple’s decision to make Google the default search engine in its Safari browser demonstrates how Google’s search engine is the superior product consumers prefer. The Google case “could not be more different” from the historic Microsoft litigation at the turn of the millennium, Schmidtlein continued. Google has previously said that consumers choose Google’s search engine because it is the best and that they prefer it, not because of anticompetitive practices. Google’s search business provides more than half of the $283 billion in revenue and $76 billion in net income Google’s parent company, Alphabet, recorded in 2022.

Persons: Sundar Pichai, Google’s, Kenneth Dintzer, ” Dintzer, John Schmidtlein, Apple, ”, Schmidtlein, Bing, General Merrick Garland, Anna Moneymaker, ” Schmidtlein, “, Kent Walker, Ken Buck, Trump, Global Affairs Kent Walker, Biden, Amit Mehta, Mehta Organizations: CNN, Google, Justice Department, Microsoft, Apple, Samsung, DOJ, Netscape, Gmail, U.S, The Justice Department, Global Affairs, Court, District of Columbia, Eastern, of Locations: United States, Washington, Apple . WASHINGTON, DC, Washington ,, California , New York , Colorado, Virginia, Colorado, of Virginia

☆ What to expect when Google faces the DOJ in the first major tech monopoly trial in decades
▼ + stars: | 2023-09-11 | by ( Lauren Feiner | ) www.cnbc.com time to read: +13 min

While the trial marks the tech sector's first major anti-monopoly proceeding in decades, Google is squarely in the middle of its antitrust battles. What the trial is aboutA key focus of the trial will be on two kinds of agreements Google has made with other companies. "The cases have very compatible theories, and the core message from both is that Google's monopoly power has been abused, harming competition and hurting consumers," Weiser said. Walker wrote that the abundance of places where consumers can use online search shows that Google hasn't foreclosed competition. In addition to experts like economists, expect to see Google executives called to the stand, potentially including CEO Sundar Pichai.

Persons: Sundar Pichai, Jonathan Kanter, It's, it's, Google's, Microsoft's Bing, Phil Weiser, Weiser, Elijah McClain, Aaron Ontiveroz, Bing, Global Affairs Kent Walker, Walker, Rebecca Haw Allensworth, Bill Kovacic, Tim Cook, Joe Biden, Anna Moneymaker, Allensworth, conscientiously, What's, Google's Walker, Lee Hepner, Matt Schruers, Bard, OpenAI, Schruers Organizations: US Department of Justice, Getty, Department of Justice, Microsoft, DOJ, Google, of, Apple, Microsoft's, CNBC, Aurora, MediaNews, Denver, Global Affairs, Insider Intelligence, Amazon, Vanderbilt Law School, George Washington University Law School, FTC, White House, Mozilla, American Economic Liberties, Computer & Communications Industry Association Locations: U.S, Europe, Eastern, of Virginia, Colorado, Washington , DC

“I personally would like to see the inquiry happen (this) week,” the Georgia Republican told CNN. The two chambers are hundreds of billions dollars apart and divided over controversial social issues that House Republicans have tacked on to their spending bills. “I am against a continuing resolution in any form or fashion,” Gonzales told CNN. “There is a constitutional and legal test that you have to meet with evidence,” Johnson told CNN. If McCarthy again defers an impeachment vote, it could enrage the right.

Persons: Kevin McCarthy, Joe Biden, Marjorie Taylor Greene, Biden, “, capitulating, Donald Trump, McCarthy, Steve Womack, –, hasn’t, Tony Gonzales, Womack, “ McCarthy, Dusty Johnson of, “ He’s, I’ve, Anna Moneymaker, It’s, Ben Cline of, ”, ” Johnson, ” Gonzales, I’m, Gonzales, Bob Good, Al Drago, Greene, ” Greene, Ken Buck, don’t, Johnson, Sen, Marco Rubio, ” Rubio, West Virginia Republican Sen, Shelley Moore Capito, ” Capito, impeaching Biden, Trump, ” Rep, Dusty Johnson, Alex Brandon, Cline, Matt Gaetz, Gaetz, @aoc, eric, Lauren Boebert, defers, ” Womack Organizations: CNN, Federal Aviation Administration, GOP, Georgia Republican, “, Biden, Republicans, Dusty Johnson of South Dakota, ”, Building, Department of Justice, Caucus, Freedom Caucus, Senate, Senate Democrats, Fox Business, Republican, Bloomberg, Getty, House Republicans, –, Street Caucus, Florida Republican, West Virginia Republican, Capitol Locations: Washington, Ukraine, That’s, Arkansas, Tony Gonzales of Texas, Dusty Johnson of South, Washington , DC, Ben Cline of Virginia, Virginia, Ken Buck of Colorado, Florida, South Dakota, ”, Colorado

☆ I watched the newly-public security camera footage from January 6. I saw things I hadn't seen before — including eerie scenes of lawmakers fleeing for their safety on one of the darkest days in Americ
▼ + stars: | 2023-09-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

House Republicans have begun to make January 6 security camera footage publicly available. I watched as lawmakers fled for safety — and banded together — while rioters besieged the Capitol. AdvertisementAdvertisementRoger Stone in front of the O’Neill House Office Building, where the January 6 security camera footage can be viewed, in December 2021. Upstairs, I focused on a lone security camera in front of the House chamber. On another security camera in Longworth House Office Building, I watched lawmakers of both parties gathering near the secure location where they sheltered for the duration of the riot.

Persons: Kevin McCarthy, Tucker Carlson, Roger Stone, Anna Moneymaker, I'd, —, Cori Bush, Bush, Steny Hoyer —, Madison Cawthorn, Eric Swalwell, Mike Pence —, Pence, Republican Sen, John Boozman, Democratic Sen, Dianne Feinstein, Lisa Murkowski, Dan Sullivan, Kevin Cramer, Sen, Jim Inhofe, Sheldon Whitehouse, Ashli Babbitt, there's, Barry Loudermilk Organizations: Republicans, Capitol, Service, House Republicans, Fox News, Administration, O'Neill, US Capitol Police, United States Capitol Police, Cannon House, Democratic, Rayburn House, Lawmakers, Republican, Democrat, Capitol Police, Republican Rep Locations: Wall, Silicon, O’Neill, Hart, Hart , Alaska Sens

☆ Google stands trial against US government officials in antitrust lawsuit over the company's accused search monopoly
▼ + stars: | 2023-09-10 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

Google’s search business provides more than half of the $283 billion in revenue and $76 billion in net income Google’s parent company, Alphabet, recorded in 2022. Now, the company is set to defend itself in a multiweek trial that could upend the way Google distributes its search engine to users. WASHINGTON, DC - JANUARY 24: U.S. Attorney General Merrick Garland speaks during a news conference on a new antitrust lawsuit against Google at the Justice Department on January 24, 2023 in Washington, DC. The Justice Department and states including California, New York, Colorado and Virginia, have filed a lawsuit against Google over the company's monopolization of the market for online ads. Despite that ruling, the trial represents the US government’s furthest progress in challenging Google to date.

Persons: Trump, Eddy, ”, Global Affairs Kent Walker, Biden, General Merrick Garland, Anna Moneymaker, Amit Mehta, Mehta Organizations: CNN, Google, Microsoft, Justice Department, Samsung, Apple, Global Affairs, U.S, The Justice Department, LG, Motorola, Mozilla, Opera, Court, District of Columbia, Eastern, of Locations: Washington, WASHINGTON, DC, Washington ,, California , New York , Colorado, Virginia, United States, Colorado, of Virginia

☆ Dangerously close near-miss incidents across the US are a wakeup call to the aviation industry
▼ + stars: | 2023-08-23 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

The New York Times cited a shortage of air traffic controllers as a significant factor in the string of close calls. During breakout sessions at the safety summit, officials offered theories like inexperienced first officers and overworked air traffic controllers as contributing to the near-disasters. The Times pointed to the challenges surrounding air traffic controllers, in particular, as a root cause. "Air traffic controllers and pilots all play critical roles." While technology is important, Brickhouse says humans are still essential to aviation safety.

Persons: John F, Billy Nolen, Anna Moneymaker, Tim Arel, Anthony Brickhouse, Kathleen Bangs, Tami Chappell, Austin isn't, Brickhouse Organizations: Federal Aviation Administration, New York Times, Morning, Delta Air Lines Boeing, Kennedy International Airport, American Airlines Boeing, Delta, FedEx Boeing, Southwest Boeing, JetBlue Airways, Times, Frontier Airlines, Southwest Airlines, Boeing, FAA, Air Traffic Organization, Embry Riddle Aeronautical University, Delta Air Lines, Hartsfield Jackson, International Airport, REUTERS, Southwest, FedEx, New, JFK, Aviation Locations: Austin , Texas, Denver, Tenerife, Spain, Atlanta , Georgia, U.S, Austin, New York

☆ Congress's UFO hearing shows the hardest part of discovering alien life may be announcing it. Here's how NASA might break the news.
▼ + stars: | 2023-08-11 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

An illustration of the CoLD scale for determining confidence in a detection of alien life. The discovery of extraterrestrial life is likely to be a slow build-up, rather than an explosive eureka moment. The president or other countries could be involved in announcing extraterrestrial life existsPresident Joe Biden speaks at Delaware State University. Anna Moneymaker/Getty ImagesAnnouncing the existence of alien life would be an "administration-level" affair, Glaze said, referring to the US presidency. Needless to say, any discovery of alien life would likely lead to chaos — at least in public discourse.

Persons: NASA isn't, David Grusch, Randall Hill, UAPs, Elon Musk, John Locher, Karine Jean, Pierre, we've, Lori Glaze, Glaze, James Webb, Jean, Philippe Arles, It's, Aaron Gronstal, Mary Voytek, Joe Biden, Anna Moneymaker, Carlos Garcia Rawlins, Stephen Hawking, I'm, we're Organizations: Service, NASA, Beijing, Reuters, Department of Defense, Associated Press, AP, White House, Navy, US Department of Defense, JPL, Caltech, Delaware State University Locations: Wall, Silicon, South Carolina, Surfside Beach , South Carolina, US, Alaska, Canada, Lake Huron, Rachel , Nevada, Bugarach, France

☆ Retailers are shaping a wave of laws to crack down on organized theft — here's how they do it
▼ + stars: | 2023-08-11 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

Since 2022, at least nine states – six so far this year – have passed laws to impose harsher penalties for organized retail crime offenses. The new and proposed laws aim to deter brazen retail crime and go after the so-called kingpins who lead organized theft groups. But critics say the measures may not actually reduce organized retail crime, and could disproportionately harm marginalized groups. Plus, dozens of states already have organized theft laws on the books and the crime is still increasing, according to trade associations. Retailers and lawmakers say the misdemeanor charges have emboldened theft groups and allowed organized retail crime to spread.

Persons: Scott Olson, Doug McMillon, shoplifters aren't, Adrian Hemond, It's, they're, Chuck Grassley, Catherine Cortez Masto, CORCA, Cortez Masto, Cortez, Grassley, Sen, Anna Moneymaker, David Johnston, Jake Horowitz, Horowitz, criminologists, JC Hendrickson, Hendrickson, it's, cleaver, Manhattan, Manhattan DA Alvin Bragg, Barry Williams Organizations: CNBC, National Retail Federation, Walmart, U.S . Senate, Grassroots, eBay, Target, Coordination Center, Nevada Democrats, Cheyenne High School, Pew Charitable Trust, Justice Action Network, Walgreens, Manhattan DA, New York Daily, Getty Locations: Chicago , Illinois, U.S, Iowa, North Las Vegas , Nevada, Florida, Manhattan , New York, New

☆ Rampant DC dysfunction made America’s credit downgrade inevitable
▼ + stars: | 2023-08-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said in its report. Even though the US avoided a default on its debt this year, Fitch Ratings cited a 'steady deterioration in standards of governance' in dowgrading the nation's credit. Anna Moneymaker/Getty ImagesThe message from Fitch this week, and S&P more than a decade earlier, is that the constant brinkmanship in DC is eroding trust. Historically, raising the debt ceiling was not controversial — the “full faith and credit” of the United States wasn’t something either party wanted to trifle with. That’s because the entire global financial system hinges on the promise that the United States always pays its debts.

Persons: CNN Business ’, Fitch, Biden, ’ brinkmanship, “, Donald Trump, ” Fitch, Anna Moneymaker, Barack Obama, Stocks, you’ll Organizations: CNN Business, New York CNN, America, Republican, United Locations: New York, United States, Washington, America

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