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The net neutrality regulations adopted Thursday by the Federal Communications Commission prohibit providers such as AT&T, Comcast and Verizon from selectively speeding up, slowing down or blocking users’ internet traffic. And for the first time, the FCC said it would step in to override state or local policies that conflict with the federal net neutrality rule. “The Title II authority will ensure that broadband providers are properly overseen by the FCC like all telecommunications services should be. “These 400-plus pages of relentless regulation are proof positive that old orthodoxies die hard,” said Jonathan Spalter, CEO of USTelecom, a trade association representing internet providers. As a result, the outcome of a legal challenge to the FCC’s net neutrality rules could have potentially broad ramifications for other US regulatory bodies, not just the FCC.
Persons: Trump, Jessica Rosenworcel, Rosenworcel, ” Rosenworcel, , Justin Brookman, Biden, Jonathan Spalter, Brendan Carr Organizations: Washington CNN, Federal Communications Commission, Comcast, Verizon, Democratic, FCC, , Consumer, Trump, Republican, Communications Locations: unwound, Washington, America
Washington CNN —A Secret Service agent assigned to Vice President Kamala Harris’ detail was removed from their assignment after displaying behavior that colleagues found “distressing,” the agency said. Secret Service spokesman Anthony Guglielmi said in a statement that the agent began “displaying behavior their colleagues found distressing.” The statement did not clarify what that behavior entailed. “The agent was removed from their assignment while medical personnel were summoned,” Guglielmi said. Harris was at the Naval Observatory during the incident and there “was no impact on her departure” from the base. “The U.S. Secret Service takes the safety and health of our employees very seriously,” Guglielmi said.
Persons: Kamala Harris, Joint Base Andrews, Anthony Guglielmi, ” Guglielmi, Harris, , ” Harris Organizations: Washington CNN, Service, Joint Base, Secret, Naval Observatory, Washington Examiner Locations: Wisconsin
More than 100 long-finned pilot whales stranded along the shores of Western Australia on Thursday have returned to the ocean, while 29 died on the beach, wildlife officials said. Officials were working to remove the 29 whales that had died on the beach, Pia Courtis, a regional wildlife officer with the Parks and Wildlife Service for Western Australia, said on Thursday in a news conference posted by the agency on social media. The agency planned to take biological samples and measurements from the dead whales for research. After marine officials and volunteers had helped the other whales back out to sea, boats were on the water and a spotter plane was monitoring the area to ensure they did not return to shore. The four pods of 160 pilot whales were spread across about 1,640 feet of beach at the Toby Inlet, near the town of Dunsborough, in Western Australia on Thursday morning, local wildlife officials said, in a statement on social media.
Persons: Pia Courtis Organizations: Parks and Wildlife Service, Western Locations: Western Australia, Dunsborough
Lindsey and David Barber save 75% to 80% of their income for retirement and their son's future. Despite having enough to retire early, the millennial couple plans to keep working. AdvertisementLindsey Harrison Barber, 34, and her husband, David Barber, 35, have enough to retire early, but neither intends to slow down. Lindsey owns a marketing agency, while David owns an insurance agency, which bring in a combined eight figures in top-line revenue. Some are part of the FIRE movement — financial independence, retire early — though others are moving away from early retirement, whether to continue building generational wealth or transitioning to lower-stress roles that still give them something to do.
Persons: Lindsey, David Barber, they've, , Lindsey Harrison Barber, David, we've, we're, he's, hasn't, they're, she'll, they'll Organizations: Service, Business, North Carolina Locations: North Carolina , Texas , Kentucky, Ohio, Lindsey, North Carolina
The World Anti-Doping Agency on Thursday appointed a special prosecutor to review how 23 Chinese swimmers who tested positive for a banned drug were allowed to avoid public scrutiny and compete at the 2021 Olympics, where they won gold medals and set records. The decision to appoint the special prosecutor, Eric Cottier of Switzerland, came amid an outcry from top government officials, antidoping experts and authorities, and athletes over the way Chinese antidoping officials and the global regulator, known as WADA, handled the positives. “WADA’s integrity and reputation is under attack,” the WADA president, Witold Banka, said in a statement. “In the past few days, WADA has been unfairly accused of bias in favor of China by not appealing the Chinada case to the Court of Arbitration for Sport. We continue to reject the false accusations and we are pleased to be able to put these questions into the hands of an experienced, respected and independent prosecutor.”
Persons: Eric Cottier of, WADA, Witold Banka, , Organizations: Doping Agency, New York Times, Sport Locations: Eric Cottier of Switzerland, China
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe FTC wants to give Americans the freedom to job-hop without pesky noncompete contracts getting in the way. The Federal Trade Commission voted 3-2 on Tuesday to approve a nationwide ban on noncompete agreements, the agency announced in a press release. The move could help American workers make $300 billion more a year, the FTC has previously said. Companies can keep existing contracts for some senior executives, but that will only affect about 0.75% of workers, the FTC said.
Persons: , pesky noncompete, Evan Starr, Lina M, Khan, Suzanne P, Clark Organizations: Service, Federal Trade Commission, FTC, Business, Employers, University of Maryland, New York Times, US, of Commerce, Commerce's, National Labor Relations Locations: California , Massachusetts, Illinois
An additional $2.4 billion is directed to U.S. military operations in the Middle East. Another $9 billion would go to “worldwide humanitarian aid,” including for civilians in Gaza. The package bars any of the funding from going to UNRWA, the main United Nations agency that provides aid to Palestinians in Gaza. The aid that is getting into Gaza is falling far short of the needs of its desperate population. Countries including the United States have tried to find air and sea routes to get more relief supplies in.
Persons: Israel Katz, , Biden, Catie Edmondson, Robert Jimison Organizations: Wednesday, U.S . Senate, Ukraine, UNRWA, United Nations, United, Democrats, Democratic, U.S Locations: Israel, Gaza, United States, Rafah, U.S
New York CNN —JPMorgan Chase CEO Jamie Dimon is worried about the future of the free world. “The geopolitical situation is probably the most complicated and dangerous since World War II,” Dimon said during a talk at the Economic Club of New York on Tuesday. “The world order that formed after WWII, Bretton Woods, WTO [the World Trade Organization], and the UN is kind of being challenged,” he said. This is not the first time Dimon has warned that the world is on the brink of a massive realignment. The country’s national debt is now over $34.5 trillion, or about $103,000 for every American.
Persons: Jamie Dimon, ” Dimon, Dimon, Bretton, , That’s, , Jerome Powell, Niall Ferguson, Chris Isidore, Tesla, Elon Musk, Jeanne Sahadi, Joe Biden, “ won’t Organizations: CNN Business, Bell, New York CNN, JPMorgan, Economic, of New, World Trade Organization, UN, AAA, NATO, Atlantic Treaty Organization, Federal, Federal Trade Commission, FTC, of Commerce Locations: New York, of New York, Ukraine, NATO, Israel, US, China, Bretton Woods, WTO, Russia
A Dutch auction house is selling the seized yacht of a pro-Kremlin oligarch, per a Ukraine agency. Ukraine said it's the first seized asset to be sold to help support the country. The move is a "turning point" that could pave the way for similar efforts abroad, it said. 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 .
Persons: it's, , Troostwijk Organizations: Kremlin, Service, Management Agency, Business Locations: Ukraine, Russian Ukrainian
London CNN —A work contract signed by Diana Spencer two years before she married the then-Prince of Wales is expected to fetch thousands of dollars at auction. The document was filled out in black ink by the young woman who would go on to become world famous as Princess Diana. The job contract, believed to be Princess Diana’s first, was filled out when she was just 17. The document, which is expected to sell for up to $10,000, is thought to be the late princess’ first official work contract. This contract is one of the last remaining snapshots of Diana’s life before she was thrust into the spotlight.
Persons: Diana Spencer, Prince of, Diana, Diana’s, Auctioneum, nannies, Mary Cook, Cook, Andrew Stowe, , , Stowe, , ” Stowe, Wales, It’s Organizations: London CNN, CNN, CNN’s Royal Locations: Prince of Wales, London, , Paris, Kensington
The lawsuit, filed in a U.S. District Court in Texas, argued that the F.T.C. The Chamber of Commerce was joined by three other business groups: the Business Roundtable, the Texas Association of Business and the Longview Chamber of Commerce. announced a final rule to ban the noncompete agreements. The rule was approved in a 3-to-2 vote, with both Republican commissioners voting against the measure. The Chamber of Commerce vowed to challenge the rule shortly after the vote.
Organizations: U.S . Chamber, Commerce, Federal Trade Commission, Business, Texas Association of Business, Longview Chamber of Commerce Locations: U.S, Texas, Longview
Princess Diana's first work contract is being auctioned. Diana appeared to lie about her age to secure a job with an elite nannying agency. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPrincess Diana's first work contract is up for auction, and it suggests she lied to get a nannying job before becoming a royal. Princess Diana's first work contract will be auctioned.
Persons: Diana's, Diana, , Lady Diana Spencer, Prince Charles, Princess Diana's, Andrew Stowe, Darren McGrady, Mary Robertson, Roberston, Patrick, Robertson, Charles, It's Organizations: Service, Auctioneum, Business, Kensington Palace, Weekly Locations: Kensington, American, London
Germany said on Wednesday that it would resume funding for the main U.N. agency aiding Palestinians in Gaza, known as UNRWA, after an independent review found that Israel had not provided evidence of an allegation that led many donor nations to withdraw support for the agency. The announcement was likely to cause further strain in Germany’s longstanding close ties with Israel, which have deteriorated because of differences over the war in Gaza. Germany, which gave more than $200 million to UNRWA in 2023, is the agency’s second largest donor after the United States, which has also withdrawn its funding and has yet to say whether it will restore it. “The German government has looked closely at the allegations made by Israel against UNRWA and has been in close contact with the Israeli government, the United Nations and other international donors,” read a statement issued by Germany’s foreign and development ministries on Wednesday.
Persons: Israel, Organizations: UNRWA, United Nations Locations: Germany, Gaza, Israel, United States
Stagwell Group, the advertising agency holding group operated by Mark Penn, a former advisor to Bill and Hillary Clinton, is actively looking to buy adtech companies as it continues to grow through acquisitions. Penn's theory is that by bringing such adtech in-house, Stagwell can offer more self-service software to advertisers who want it while also shrinking those clients' ad prices and expanding its own margins. Challenger brand Stagwell is competing for bigger contractsPenn founded Stagwell Group in 2015 with $250 million in funding from investors, including former Microsoft Chief Executive Steve Ballmer. Stagwell recently made a near-$700-million bid for S4 Capital, another challenger ad company founded by longtime WPP CEO Martin Sorrell, The Wall Street Journal reported. Publicis Groupe has the biggest market capitalization of the largest holding companies, at $28.2 billion, while Stagwell is trading at around $1.6 billion.
Persons: Mark Penn, Bill, Hillary Clinton, Penn, we're, Stagwell, Penn didn't, Ana Milicevic, Milicevic, Brian Wieser, Wieser, Steve Ballmer, Sunny, GALE, Allison, Martin Sorrell, they're Organizations: Stagwell, Penn, Business, Google, Harris Poll, Next Partners, Sparrow, Madison, Challenger, Stagwell Group, Microsoft, MDC Partners, WPP, Publicis Groupe, Veritas, S4 Capital, Street Journal, S4, EMEA Locations: adtech, London
FTC bans employers from using noncompete clauses
  + stars: | 2024-04-23 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +5 min
New York CNN —The Federal Trade Commission on Tuesday voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. And – with one exception – it makes currently existing noncompete agreements unenforceable after the rule’s effective date, which is set at 120 days from the rule’s publication in the Federal Register. The rule, however, does allow currently existing noncompete agreements for senior executives to remain in force. The ban would apply nationwide, overriding state laws regarding noncompete agreements. In December of last year, New York State Governor Kathleen Hochul vetoed a bill passed by the state legislature to completely ban noncompete agreements in that state.
Persons: Joe Biden, “ won’t, , Stefanie Camfield, Daryl Joseffer, , ” Joseffer, Neil Bradley, Kathleen Hochul, Anne Clark, Vladeck, Raskin, Clark P.C, Amanda Wait, DLA Piper, Clark Organizations: New, New York CNN, Federal Trade Commission, FTC, of Commerce, Federal Register, Washington , D.C, Engage, Chamber’s Litigation, New York Locations: New York, California, North Dakota, Oklahoma, Washington ,, Colorado , Maryland , Oregon, Rhode
The United Nations had commissioned an independent review of the agency in January, before Israel circulated its claims, but those charges gave added significance to the inquiry, whose findings were released on Monday. The report issued a series of recommendations for the agency to protect its neutrality, but said that “Israel has yet to provide supporting evidence” for its accusation that a significant number of agency employees are members of terrorist organizations. The United Nations has fired 10 of the 12 employees accused by Israel. Ireland, which has strongly condemned Israel’s campaign in Gaza, increased aid to UNRWA as other countries were cutting it, he noted. UNRWA has argued that Israel has targeted it with a “deliberate and concerted campaign” to undermine its operations when its services are most needed.
Persons: Israel, Stéphane, António Guterres, Guterres, , Caroline Gennez, , Micheál Martin, Israel’s, Japan —, Matthew Miller, Biden, ” Mr, Miller, Benjamin Netanyahu Organizations: The United Nations, United Nations, UNRWA, United, State Department, , European Union Locations: United States, Gaza, Israel, United, Palestine, Belgium, Ireland, Australia, Canada, Japan
The companies are asking federal courts, often with conservative, pro-business judges, to stop the agency from standing behind the more activist unions now making their lives more difficult. “The NLRB has long used the federal courts … to obtain injunctions … before the merits of an unfair labor practice case are fully evaluated,” said a statement from Starbucks. The employer doesn’t have to pay any interest, penalty or fine, to the fired workers, their union or the agency. While this is the first such case to reach the Supreme Court, other cases are emerging in which some high profile employers are challenging the agency’s right to exist. The Supreme Court’s decision is expected by the end of June.
Persons: Biden, , , , Jennifer Abruzzo, Cathy Creighton, Clinton, Elon Musk’s, Joe’s, Cornell’s Creighton, she’s, “ They’re, “ I’m Organizations: New, New York CNN, Starbucks, National Labor Relations Board, NLRB, Memphis, Cornell University’s, Industrial and Labor Relations, SpaceX, nonunion Locations: New York, Memphis, Buffalo , New York
The electric car revolution is on track, says IEA
  + stars: | 2024-04-23 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +4 min
“The continued momentum behind electric cars is clear in our data, although it is stronger in some markets than others,” IEA executive director Fatih Birol said in a statement. Last year, global EV sales grew 35% to almost 14 million. “Intensifying market competition and improving battery technologies are expected to reduce (EV) prices in the coming years,” the IEA said. “Growing electric car exports from Chinese automakers, which accounted for more than half of all electric car sales in 2023, could add to downward pressure on purchase prices,” it added. By 2030, almost one in three cars on the roads in China is set to be electric, according to the IEA.
Persons: , Tesla, , Fatih Birol, China’s BYD, Brandon Bell, EVs, ” Birol Organizations: London CNN — Global, International Energy Agency, IEA, Li, Getty, European Union, EV, Volkswagen, Audi, BMW Locations: China, Chinese, Germany, United States, Austin , Texas, EVs, Europe
CNN —Millions of salaried workers will soon qualify for overtime pay under a final rule released by the US Department of Labor on Tuesday. The new rule raises the salary threshold under which salaried employees are eligible for overtime in two stages. About 4 million more workers will qualify for overtime when the rule is fully implemented in January, the agency estimates. “Too often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their families for no additional pay. The salary threshold will be updated every three years, starting July 1, 2027, the agency said.
Persons: Julie Su, Trump, Obama, , , Ted Hollis, Brady, Sean Kennedy, DOL, Ben Brubeck, Barack Obama Organizations: CNN, US Department of Labor, Labor, Quarles, National Restaurant Association, Associated Builders and Contractors, Labor Department Locations: South, Texas
The U.S. Secret Service is in the business of protecting the president, whether he’s inside the Oval Office or visiting a foreign war zone. But protecting a former president in prison? That would be the challenge if Donald J. Trump — whom the agency is required by law to protect around the clock — is convicted at his criminal trial in Manhattan and sentenced to serve time. Even before the trial’s opening statements, the Secret Service was in some measure planning for the extraordinary possibility of a former president behind bars. Prosecutors had asked the judge in the case to remind Mr. Trump that attacks on witnesses and jurors could land him in jail even before a verdict is rendered.
Persons: Donald J, Trump Organizations: Prosecutors Locations: Manhattan
CNN —A dispute over the handling of a 2021 case in which 23 Chinese swimmers tested positive for a banned performance-enhancing substance ahead of the Tokyo Olympics now threatens to overshadow swimming events at the Paris Games this summer. Sun is now free to return to competitions next month, but revelations about the 2021 case have cast Chinese swimmers and WADA in a harsh spotlight. Trimetazidine has the potential to boost endurance and has been banned by WADA since 2014. China’s national swimming championships, which serve as selection trials for the upcoming Olympics, are currently underway in Shenzhen, concluding on April 27. At the Tokyo Olympics, China won six medals in swimming, including three golds.
Persons: , , ” Mack Horton, Horton, Sun Yang, Sun, WADA, Adam Peaty, , Sarah Hirshland, Witold Banka, , Trimetazidine, CHINADA, Ross Wenzel, trimetazidine, ” Wenzel, Denis Cotterell, Cotterell wasn’t Organizations: CNN, Tokyo, Paris Games, New York Times, ARD, Doping Agency, Olympic, , Sydney Morning Herald, WADA, Canadian Olympic Committee, Paralympic, , CHINADA, Xinhua, Paris Olympics, Chinese Swimming Association, China Locations: Tokyo, China, Australian, South Korea, , trimetazidine, Shenzhen
The Federal Trade Commission on Tuesday banned employers from limiting their workers’ abilities to work for rivals, a sweeping change that the agency says could help raise wages and increase competition among businesses. The move bars contracts known as noncompetes, which prevent workers from leaving for a competitor for a certain amount of time, in most circumstances. The agency has said the proposal would raise wages by forcing companies to compete harder for talent. The proposal was approved by the agency in a 3-to-2 vote. She estimated the decision would lead to 8,500 new start-ups created in a year.
Persons: Melissa Holyoak, Andrew N, Ferguson, , Lina M, Khan Organizations: Federal Trade Commission
The Philippines' Securities and Exchange Commission (SEC) has ordered Google and Apple to remove cryptocurrency exchange Binance from their app stores. In a press release out on Tuesday, the regulator said it had sent letters to Google and Apple requesting the removal of applications controlled by Binance from the Google Play Store and Apple App Store, respectively. The agency accused Binance of offering unregistered securities to Filipinos and operating as an unregistered broker, adding that this violates the country's securities laws. Binance, Google, and Apple were not immediately available for comment when contacted by CNBC. Aquino said that blocking Binance from the Google and Apple app stores would help "prevent the further proliferation of its illegal activities in the country, and to protect the investing public from its detrimental effects on our economy."
Persons: Zhao Changpeng, Binance, Emilio Aquino, Aquino Organizations: Viva Technology, Porte de, Securities and Exchange Commission, SEC, Google, Apple, Binance, CNBC Locations: Porte, Paris, France, Philippines, Philippine
Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. The FTC estimates that 30 million American workers, or roughly 18%, are currently subject to a noncompete. The FTC initially proposed the noncompete ban in January 2023. Meanwhile, business trade groups claim that noncompetes help preserve intellectual property and company secrets.
Persons: Lina Khan, Joe Biden, Joe Biden's, Biden Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Federal, U.S . Chamber of Commerce, Workers, FTC, Department, DOJ Locations: Washington ,, U.S
The scourge of customer satisfaction surveys
  + stars: | 2024-04-22 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +12 min
— is devoted to customer surveys. Other metrics followed: the Customer Satisfaction Score, the Customer Effort Score, measurements of the entire Customer Experience. At the peak of the so-called sharing economy, customer surveys were all-powerful. The glut of customer surveys has created an additional problem for marketers. "We ask for customer feedback on these things all the time, but it's hard for a customer to give you immediate feedback, because a customer doesn't know what quality is yet."
Persons: you've, I'm, They're, Brad Anderson, Fred Reichheld, Nick Lee, James Wagner, It's, Christine Moorman, Lee, That's, it's, hasn't, Anderson Organizations: NPS, Warwick Business School, University of Michigan's Institute for Social Research, Companies, Duke University, Institutional, Board, Health Service Locations: United States, Qualtrics, Bain, Warwick
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