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☆ TikTok's head of U.S. trust and safety will leave the company
▼ + stars: | 2023-05-02 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

TikTok has long said that it has never shared data with the Chinese government and would not do so if asked. Han, who has been at TikTok since 2019, oversaw efforts like improving content moderation and reducing election misinformation. He ran trust and safety for the company's U.S. Data Security (USDS), a division that was created to store U.S. data in the country on servers controlled by Oracle, in an effort to appease security concerns. His upcoming departure also comes as TikTok is preparing to hold a presentation for advertisers in New York on Thursday. Reporting by Sheila Dang in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

[1/3] Federal Reserve Board Vice Chair for Supervision Michael Barr and Federal Deposit Insurance Corporation Chairman Martin Gruenberg testify at a House Financial Services Committee hearing on the response to the recent bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, U.S., March 29, 2023. REUTERS/Kevin LamarqueMay 2 (Reuters) - The U.S. Senate Banking Committee said on Tuesday it would hear from former top officials at the failed Silicon Valley Bank and Signature Bank, as well as top U.S. banking regulators at separate hearings later this month. Gregory Becker, the former CEO of Silicon Valley Bank, and Scott Shay and Eric Howell, former senior executives for Signature Bank, will appear on May 16. On Monday, regulators closed a third firm, First Republic, which then was sold to JP Morgan Chase. The panel will also hear from top regulators for the states of New York and California, which helped oversee the two failed firms.

☆ Microsoft's chief scientific officer says there's no need for a pause on AI — despite what Elon Musk says
▼ + stars: | 2023-05-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Microsoft's chief scientific officer says he disagrees with people calling for a pause on AI development, including Elon Musk. Eric Horvitz told Fortune it's "reasonable" for people to be concerned but that we need to "jump in, as opposed to pause." Microsoft's chief scientific officer has addressed an open letter signed by Elon Musk and thousands of others calling for a pause on AI development. We need to really just invest more in understanding and guiding and even regulating this technology—jump in, as opposed to pause." Musk cofounded OpenAI in 2015 alongside Altman and others but left the board in 2018.

☆ The 10 Senate seats most likely to flip in 2024
▼ + stars: | 2023-04-30 | by ( Simone Pathe | ) edition.cnn.com time to read: +19 min

The GOP needs a net gain of one or two seats to flip the chamber, depending on which party wins the White House in 2024, and it’s Democrats who are defending the tougher seats. Jim Justice announcing his Senate bid in West Virginia – the seat most likely to flip party control in 2024. In a presidential year, the national environment is likely to loom large, especially with battleground states hosting key Senate races. Two businessmen with the ability to tap into or raise significant resources could be in the mix – Eric Hovde, who lost the GOP Senate nomination in 2012, and Scott Mayer. Still, unseating Cruz in a state Trump won by nearly 6 points in 2020 will be a tall order.

☆ The Biden tax proposals that could hit baby boomer, family businesses
▼ + stars: | 2023-04-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

President Joe Biden's 2024 budget proposals contain several proposals that could hit small businesses right where it hurts — their wallets. Here are five provisions business owners should be aware of in President Biden's budget:A higher capital gains tax rate would be bad for business sellers. Biden is proposing that the corporate tax rate be increased to 28% from 21%. The majority of small businesses are pass-through businesses that are not subject to the corporate income tax, but for companies that are, the increase would be meaningful, tax experts said. Biden's proposal would increase the 3.8% net investment income tax rate on small business income over $400,000 to 5%.

☆ Big Tech's A.I. hype looks 'justified', says venture capital investor Eric Hippeau
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech's A.I. hype looks 'justified', says venture capital investor Eric HippeauEric Hippeau, Lerer Hippeau Ventures partner, joins 'Squawk on the Street' to discuss the A.I. frenzy in Big Tech, what we should expect out of A.I. in the future, and which mega cap companies could benefit from the budding technology.

☆ MLB roundup: Gerrit Cole to 5-0 as Yanks win despite Aaron Judge injury
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +8 min

DJ LeMahieu and Gleyber Torres hit back-to-back homers in a three-run second off Texas starter Andrew Heaney (2-2). The Yankees won their second straight in a game that Aaron Judge exited in the fourth inning due to right hip discomfort. Webb was charged with two runs on seven hits in 6 2/3 innings; he walked one and struck out seven. Phillies 1, Mariners 0Kody Clemens delivered an RBI single in the second inning for the only run of the game as host Philadelphia defeated Seattle. Velazquez then hit the second pitch he saw from Lugo 404 feet into the seats in left center.

☆ MLB roundup: Astros drop Rays to 14-1 at home
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +13 min

Andrew McCutchen hit a three-run homer, Ke'Bryan Hayes a two-run double and Carlos Santana and Austin Hedges an RBI single apiece for the Pirates. Texas built a six-run lead before Nick Senzel put Cincinnati on the scoreboard with an RBI single in the seventh inning. Ruiz's homer and Joey Meneses' RBI single in the third against Jose Butto (0-1) provided an early cushion for Gray. The Brewers got single runs in the third and fourth, then pulled within 4-3 when Rowdy Tellez opened the sixth with his eighth homer. With two outs during Chicago's four-run eighth, Gomes lined an RBI single to right field for his fifth career four-hit game.

☆ MLB roundup: Padres' shutout ends Braves' win streak
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +11 min

Martinez (1-1) allowed three hits and two walks with six strikeouts over seven innings to get the win. Cardinals starting pitcher Jake Woodford (1-2) allowed four runs on seven hits and a walk in five innings. Diamondbacks starting pitcher Madison Bumgarner (0-3) allowed seven runs on seven hits and four walks in four innings. Alek Thomas hit a two-run homer and Pavin Smith hit a solo shot for Arizona. Toronto right-hander Jose Berrios (1-3) gave up two runs on three hits with three strikeouts in seven innings.

☆ MLB roundup: Clayton Kershaw blanks Mets, gets 200th win
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +13 min

Martinez hit two home runs in his first multi-homer game with the Dodgers and the 19th of his career. In addition to his milestone win, Kershaw (3-1) also improved to 11-0 in 17 career regular-season starts against the Mets. Mets starter Tylor Megill (3-1) gave up three runs on seven hits over five innings. Bassitt (2-2) allowed three hits and walked one batter while notching five strikeouts in 6 1/3 innings. Philadelphia chased Lance Lynn (0-2) with one out in the sixth; he allowed five runs on 10 hits, fanning seven.

The vote announced Monday afternoon showed 97.9% of participating union members voting to approve a potential strike. A file photo shows members of the Writers Guild of America walk the picket line in New York during their last strike in 2007. Unions typically conduct a strike authorization vote during the course of negotiations, and they almost always get approved by overwhelming margins. Negotiators for the AMPTP and the Writers Guild met at the negotiating table on Friday, according to one producer close to negotiations. AMPTP gave WGA new proposals in response to some of the Guild’s contract requests – and is awaiting review and feedback on those Monday, along with the strike vote results, the producer said.

☆ Opinion | Election Denial Isn’t Over — It’s Often Just Local
▼ + stars: | 2023-04-15 | by ( Camille Squires | ) www.nytimes.com time to read: +2 min

Every little bit of friction that’s added to the election process makes it that much harder for it to function. Which means these obscure election boards aren’t where denialism goes to die; it’s where it takes root and starts to grow. Just last month, North Carolina state election officials voted to remove two local election officials. The officials questioned state election practices and a 2018 federal court decision striking down strict voter ID requirements North Carolina had in place at the time. The incident is just the latest in a string of examples of the ways that election deniers’ conspiratorial distrust of elections continues to affect state and local elections.

☆ Young people in Greater China are blowing their paychecks every month — even if they don't have to
▼ + stars: | 2023-04-13 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

"Yue guang zu" ("moonlight clan") refers young singles in Greater China who go broke at the end of each month, or live paycheck to paycheck. Hsu belongs to a group of people in Taiwan, typically young and single workers, called the "yue guang zu" — the so-called "moonlight clan." Eric Hsu Civil engineerBut when a serious knee injury took him out of work for two weeks without pay, Hsu realized he was unable to support himself. "Young people would rather give up that dream and spend money on things they are guaranteed to get today." After his experience, he canceled his credit cards two years ago and committed to saving one third of his salary each month.

☆ MLB roundup: Solo HR sends Rays to 10-0
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +11 min

Muncy also singled, all after Mookie Betts had led off the game with his second homer of the season for the Dodgers, who snapped a three-game losing streak. Reds starter Graham Ashcraft allowed two runs on six hits in six innings with seven strikeouts and three walks. Ryan Mountcastle drilled a two-run homer in the first inning and Austin Hays added a solo shot in the sixth. Alvarez drove in two runs to boost his major-league-leading RBI total to 16, plating a pair in the second inning with a single. Jake Cave hit a solo homer and double while Nick Castellanos added three hits and three RBIs.

☆ Former NSC official Matthew Miller named as U.S. State Dept spokesperson
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, April 11 (Reuters) - U.S. Secretary of State Antony Blinken on Tuesday appointed former National Security Council and Justice Department official Matthew Miller as his department's new spokesperson. Miller had joined the White House to lead the "whole of government communications and outreach" after Russia's February 2022 invasion of Ukraine, Blinken said in a statement. "Having previously served as Director of the Office of Public Affairs and spokesperson to Attorney General Eric Holder at the Department of Justice, Matt is no stranger to navigating and communicating on complex, global challenges like those we face today," Blinken added. Previous spokesperson Ned Price stepped down from the role last month to take up a new position within the State Department reporting to Blinken. Reporting by Simon Lewis; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ UFC merger beefs up WWE's leverage in media rights negotiations
▼ + stars: | 2023-04-03 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Networks and streaming services need to get ready for a media rights smackdown. UFC should also benefit ahead of 2025, when its U.S. media rights deals come up, including with Disney's ESPN. "I think everything is up for grabs with these media rights deals. During his time with CAA, he had formed a relationship with McMahon during a recent round of TV rights negotiations for WWE. It will also work for UFC negotiations, he noted.

☆ NHL roundup: Carter Verhaeghe nets career-best 4 goals in Panthers' win
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +9 min

Sabers 6, Flyers 3Alex Tuch scored his second career hat trick to help Buffalo to a win against host Philadelphia. Morgan Frost scored twice and Felix Sandstrom made 23 saves for the Flyers, who had their seven-game point streak snapped. Avalanche 5, Stars 2Nathan MacKinnon had two goals, Mikko Rantanen had a goal and three assists, and host Colorado beat Dallas. Ben Hutton, Zach Whitecloud and Brett Howden also notched goals for Vegas, which is 5-1-1 in its past seven games. J.J. Moser and Milos Kelemen scored for the Coyotes (27-37-13, 67 points), who have dropped seven straight games (0-5-2).

☆ Republicans are seeking wealthy, self-funding candidates to help the party win a Senate majority in 2024, report says
▼ + stars: | 2023-03-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

GOP leaders are seeking out wealthy Senate candidates to counter Democratic fundraising successes. In recent cycles, some GOP candidates have used outside spending to mitigate spending disparities. Last year, Democratic Senate nominees in the six most competitive races outraised their GOP counterparts by $288 million, per Politico. The well-known doctor poured $26.8 million of his own funds into his unsuccessful Senate campaign, according to OpenSecrets. Dolan, who put more than $10.5 million into his 2022 Senate bid, could face Democratic Sen. Sherrod Brown.

☆ Oil spills and near misses: more ghost tankers ship sanctioned fuel
▼ + stars: | 2023-03-23 | by ( Jonathan Saul | ) www.reuters.com time to read: +9 min

REUTERS/Ronen ZvulunSummary Risk of accidents in focus as 'shadow' fleet growsStirs fears of oil spills, decades after Exxon ValdezHundreds of ships carry oil from sanctioned nationsMany ship certifiers and insurers have pulled servicesLONDON, March 23 (Reuters) - An oil tanker runs aground off eastern China, leaking fuel into the water. Many leading certification providers and engine makers that approve seaworthiness and safety have withdrawn their services from ships carrying oil from sanctioned Iran, Russia and Venezuela, as have a host of insurers, meaning there's less oversight of vessels carrying the flammable cargoes. Reuters was unable to independently verify the numbers regarding the size and growth of the shadow fleet. The U.S. Treasury didn't immediately respond to a request for comment on ships carrying sanctioned oil. SHIP-TO-SHIP TRANSFERSAround 774 tankers out of 2,296 in the overall global crude oil fleet are 15 years old or more, according to data provider VesselsValue.

☆ Tesla opening its exclusive Superchargers to rivals leaves some owners worried about waiting in line behind Fords and Kias
▼ + stars: | 2023-03-16 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

The reliable and extensive Supercharger network used to be only for Tesla owners. Some Tesla owners worry the move could lead to long waits at charging stations. He believes the Tesla charging experience is so far ahead of the competition that non-Tesla owners will arrive in droves. Other Tesla owners Insider spoke with don't foresee major issues and cheer a move that could accelerate EV adoption. Experts said Tesla Superchargers could get more crowded, but there probably won't be major issues.

[1/3] A security guard walks in the ATM lobby of a Signature Bank branch in New York City, U.S., March 13, 2023. The proposed class action against Signature and its former chief executive officer Joseph DePaolo, chief financial officer Stephen Wyremski and chief operating officer Eric Howell was filed in the federal court in Brooklyn. Silicon Valley Bank is the largest. On Sunday, U.S. regulators decided to make Signature and Silicon Valley Bank depositors whole regardless of how much they held in their accounts. The case is Schaeffer v Signature Bank et al, U.S. District Court, Eastern District of New York, No.

March 12 (Reuters) - State regulators closed New York-based Signature Bank (SBNY.O) on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank (SIVB.O) in a collapse that stranded billions in deposits. All of the depositors of Signature Bank and Silicon Valley Bank will be made whole, and "no losses will be borne by the taxpayer," the U.S. Treasury Department and other bank regulators said in a joint statement. Signature's failure followed Silicon Valley Bank's Friday shutdown, the second largest in U.S. history behind Washington Mutual, which collapsed during the 2008 financial crisis. Signature Bank's depositors and borrowers will automatically become customers of the bridge bank, the FDIC said. Signature Bank cut ties with Trump in 2021 following the deadly Jan. 6 riots on Capitol Hill, and urged Trump to resign.

The U.S. Treasury Department and other bank regulators said in a joint statement on Sunday that all depositors of Signature Bank will be made whole, and "no losses will be borne by the taxpayer." Signature Bank reported deposit balances totaling $89.17 billion as of March 8. Representatives for Signature Bank did not immediately respond to a request for comment. The FDIC on Sunday established a "bridge" successor bank to Signature Bank, which will enable customers to access their funds on Monday. Signature Bank's depositors and borrowers will automatically become customers of the bridge bank, the FDIC said.

☆ How this former Adidas executive is tackling the biggest problem in footwear with biodegradable sneakers
▼ + stars: | 2023-03-10 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

"It's a first of its kind," Liedtke told Insider. The Unless shoe, which retails for $139, was made in partnership with Natural Fiber Welding, which makes various materials from natural products, including plants and minerals. Jonathan Leibson/Getty Images for ADIDAS"This is a game changer," industry analyst and ARCH-USA founder Chris Burns previously told Insider. "What's unique about what Eric has done in the footwear industry is paid attention to every single component of the shoe," Natural Fiber Welding President Steve Zika previously told Insider. Last April, Natural Fiber Welding announced an $85 million Series B investment round.

☆ Spring training roundup: Orioles beat Phillies on walk-off HR
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +3 min

[1/3] Mar 6, 2023; Sarasota, Florida, USA; Philadelphia Phillies third baseman Alec Bohm (28) hits a RBI double against the Baltimore Orioles during the third inning at Ed Smith Stadium. They tied the game in that frame on Coby Mayo's run-scoring single, Connor Norby's RBI groundout and Colton Cowser's two-run homer. Alec Bohm went 2-for-3 with a homer, a double and two RBIs for the Phillies and Jake Cave added a two-run shot. Miguel Rojas opened that salvo with a two-run double and later added a solo homer for the Dodgers. Cade Marlowe went yard and Cal Raleigh hit an RBI double for the Mariners.

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