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☆ Trump victory may give TikTok a lifeline to remain in the U.S.
▼ + stars: | 2024-11-14 | by ( Jonathan Vanian | Jonathan Vanian Is A Technology Reporter For Cnbc.Com | ) www.nbcnews.com time to read: +6 min

In April, President Joe Biden signed a law that requires China’s ByteDance to sell TikTok by Jan. 19. Although both Republicans and Democrats supported the Biden TikTok ban in April, Trump voiced opposition to the ban during his candidacy. At TikTok, meanwhile, Chew has remained quiet since Trump’s victory, just as he had been in the lead-up to Election Day. In his March interview with “Squawk Box,” Trump said Meta, which owns Facebook and Instagram, posed a much bigger problem than TikTok. Since launching his TikTok account in June, Trump has amassed over 14 million followers.

Persons: Donald Trump, Tim Cook, Meta’s Mark Zuckerberg, Jeff Bezos, Shou Zi Chew, Joe Biden, Jan, Trump’s, Trump, CNBC’s, “, Kamala Harris, “ We’re, Trump hasn’t, Vance, Karoline Leavitt, ” Leavitt, TikTok, Jeff Yass, Sarah Kreps, Chew, Long Le, Le, “ He’s, ” Le, ” TikTok, ” Trump, ”, Mark Zuckerberg, Cornell’s Kreps, Zuckerberg, ” Kreps, ” Meta, Milton Mueller, ” Mueller, Sen, Rand Paul, “ They’re, he’s Organizations: U.S, U.S ., Apple, Google, White, Democrats, Biden, Trump, Democratic, CNBC, Republican, Susquehanna International Group, NBC, Cornell University, Santa Clara University, Facebook, Meta, Georgia Tech’s School of Public Locations: U.S, Chew, TikTok, ByteDance, Yass, China, Ky

☆ Mike Huckabee is the unlikely avenger of deep-faked celebrities
▼ + stars: | 2024-10-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Mike Huckabee's lawsuit over his bogus CBD gummies ads on Facebook is an exception. In May, Huckabee, a Baptist minister and staunch conservative, discovered his manipulated image had been used for months in Facebook ads for CBD gummies. A false Facebook ad, since taken down, in which former Arkansas Governor Mike Huckabee "endorses" CBD gummies. Mike Huckabee can't remember the precise moment in May when he realized his doppelganger was selling CBD gummies. Meta is due to file additional papers supporting its motion to dismiss the Huckabee lawsuit on Monday.

Persons: Mike Huckabee's, —, Oprah Winfrey, Taylor Smith, Donald Trump, Tom Hanks shilled, Tom Hanks, Jennifer Aniston, Mike Huckabee, Huckabee, Meta, Eric Goldman, Scott Poynter, Andrew Forrest, Forrest's, P, Casey Pitts, Forrest, Poynter, Goldman, Anderson, Nylah Anderson, TikTok, Fortin, he'd Organizations: Facebook, Meta, Service, Arkansas Gov, Huckabee, Baptist, Communications, Business, Santa Clara University, Arkansas, Trinity Broadcasting Network, Fox, Trinity Broadcasting, BI Locations: Arkansas, American, Delaware, California, Pennsylvania

One of the patients in the McDonald's outbreak suffered from that condition, known as hemolytic uremic syndrome. Hedberg is also a member of the McDonald's Food Safety Advisory Council, but said he has not worked with the company on its response to the outbreak. The size of the outbreak "would imply widespread undercooking by many different individual McDonald's restaurants" if beef was the culprit, according to Hedberg. For example, rival Wendy's dealt with its own link to an E. coli outbreak two years ago. However, that transparency means more media coverage, which reminds consumers about the crisis and risks scaring them away from McDonald's restaurants.

Persons: Michael M, Taylor, it's, spokespeople, McDonald's, Thomas Jaenisch, There's, Xiang Yang, Yang, Craig Hedberg, Hedberg, Jaenisch, Wendy's, Eric Gonzalez, Jack, Chipotle, Gonzalez, Joe Erlinger, Erlinger, Jo, Ellen Pozner, Darin Detwiler, Detwiler, Bill Marler, Marler, Clarissa DeBock, Eric Stelly Organizations: Santiago, Getty, for Disease Control, Taylor, Foods, . Foods, McDonald's, CDC, Colorado School of Public Health, University of California, Food Safety Center of Excellence, Food Safety Advisory, Food and Drug Administration, U.S . Department of Agriculture's, Inspection Service, CNBC, Media, USA, Santa Clara University Leavey School of Business, Northeastern University Locations: Flatbush, Brooklyn, New York City, California, Davis, Colorado, U.S, Minnesota, McDonald's U.S, Nebraska, Greeley , Colorado

☆ I lived in 5 different US states. None of them had what I was looking for, so I moved my family to Finland, and I have no regrets.
▼ + stars: | 2024-10-18 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +8 min

I'm a Gen X child from the San Francisco Bay Area. Since that first move, I've lived in Alabama, Virginia, and Texas and returned to the Bay Area. The main difference was that the Bay Area was more diverse than Phoenix at that time. The Bay Area had changed so muchWe moved to Half Moon Bay in the San Francisco Bay Area, and in 2017, I got a job at UC Berkeley. People moved in and out of the Bay Area a lot, so it was hard to make lasting social connections.

Persons: Rosanna Guadagno, Guadagno, —, I've, I'd, Dallas, didn't, we'd Organizations: Service, San, Santa Clara University, US, University of Alabama, Alabama, National Science Foundation, University of Texas, Dallas, Big Tech, San Francisco Bay Area, UC Berkeley, Stanford, University of Oulu Locations: California, Alabama, Texas, Finland, San Francisco Bay Area, Phoenix, Alabama , Virginia, Bay, Arizona, Tuscaloosa, . Texas, Virginia, Washington ,, Dallas, Austin, Silicon Valley, San Francisco Bay, Oulu, Switzerland

California is banning legacy admissions at private colleges and universities, ensuring that some of the country’s most selective schools will not favor applicants with familial or monetary connections to the schools. Gavin Newsom on Monday signed AB 1780 into law, prohibiting legacy and donor preferences in admissions at private, nonprofit institutions. Schools including Stanford University, the University of Southern California and Santa Clara University will now join the California State University system and other public institutions in the state that have long-banned legacy preferences. This is about making sure we’re leveling the playing field.”The law will affect schools with among the highest rates of legacy admissions — Stanford, USC and Santa Clara. In 2022, legacy admissions accounted for about 14 percent of Stanford and USC’s enrollment and about 13 percent at Santa Clara, according to Ting’s statement.

Persons: Gavin Newsom, ” Newsom, Phil Ting, “, ” Ting, they’ve, —, ”, Louis Organizations: Gov, Monday, Stanford University, University of Southern, Santa Clara University, California State University, University of North, Harvard, San, San Francisco Democrat, Hollywood, NBC News, — Stanford, USC, Stanford, ” Santa Clara, Amherst College, Massachusetts Institute of Technology, Washington University Locations: California, University of Southern California, University of North Carolina, San Francisco, Santa Clara, ” Santa, St

☆ Stocks often drop in September — but many investors shouldn’t care
▼ + stars: | 2024-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn't been kind to stock investors. September is the only month during that nearly century-long period in which investors experienced an average loss, according to Morningstar. Trying to time the market is a losing betAlistair Berg | Digitalvision | Getty ImagesInvestors holding their money in stocks for the long-term shouldn't bail, Yoder said. Don't put faith in market maximsSimilarly, investors shouldn't necessarily accept market maxims as truisms, experts said.

Persons: Spencer Platt, Morningstar, Abby Yoder, Yoder, Alistair Berg, Digitalvision, Edward McQuarrie, McQuarrie, couldn't, J.P Morgan Organizations: New York Stock, Getty, Morningstar Direct, Finance, Morgan Private Bank, Investors, Santa Clara University, Fidelity Investments, Federal Reserve, Investor, Mutual Locations: U.S, Wells, New York City, New York

☆ Death of Hedge Fund Stars: Wall Street, Stock Market Titans Are Gone
▼ + stars: | 2024-07-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.

Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, —, Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine

☆ Who is Nicole Shanahan, RFK Jr.’s vice presidential pick?
▼ + stars: | 2024-03-26 | by ( Gregory Krieg | Aaron Pellish | ) edition.cnn.com time to read: +5 min

CNN —Independent presidential candidate Robert F. Kennedy Jr. named Silicon Valley attorney and entrepreneur Nicole Shanahan as his vice presidential pick at a campaign rally Tuesday in her hometown of Oakland, California. Kennedy’s campaign is hoping Shanahan’s youth and fluency in the tech world’s anti-establishment rhetoric will help him expand and excite his base of support. “I had a very hard childhood with a lot of sadness, fear and instability,” Shanahan told People. The spot repurposed video from the 1960 presidential campaign of Kennedy’s uncle, John F. Kennedy, and drew criticism from several Kennedy family members. Shanahan told People magazine last year that part of her group’s work is focused on finding a cure for autism.

Persons: Robert F, Kennedy Jr, Nicole Shanahan, Shanahan, Kennedy, ‘, “, ” Shanahan, Sergey Brin, John F, Joe Biden’s, ”, vaxxer ’ Shanahan, Bobby, Brin, Elon Musk, Musk Organizations: CNN, Independent, Democratic, People, Google, New York Times, Kennedy, PAC, Newsweek, Times, Children’s Health Defense, Echo Foundation, Street Journal, Wall, University of Puget Sound, Santa Clara University, Stanford Law School’s Center, Legal Informatics Locations: Silicon, Oakland , California, An Oakland, China, Bia, Washington, Bay

☆ A UPenn student started a YouTube channel. In weeks, her face was stolen on China's social media.
▼ + stars: | 2024-03-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

That message included a link to a video on Xiaohongshu, a social media platform rapidly gaining steam in China. The student started her self-empowerment channel in November and has so far published eight videos and seven YouTube Shorts. The Xiaohongshu deepfakes of other YouTubers do the same. In a matter of about 10 minutes, BI found deepfake videos of at least five caucasian women on Xiaohongshu. But at least one Chinese deepfake version of Blakely has a different agenda to share on Xiaohongshu.

Persons: —, Olga Loiek, Loiek, Vladimir Putin, Loeik, Weibo, someone's, Lyu Siwei, it's, Haibing Lu, they've, Xiaohongshu, Natasha, she's, Annie, Sophia Elena, Katyusha, China, Lana Blakely, Blakely, Elizabeth Filips, Serbia, Filips, Lyu, Vincent Conitzer, Conitzer, Lu, Lyu who's, he's, Roy, Ari Lightman, she'll Organizations: Service, Business, Kremlin, YouTube, WhatsApp, Facebook, Media, University at Buffalo, Santa Clara University, University of Pennsylvania, BI, Russia, Institute for, Oxford University, Social, Carnegie Mellon University Locations: Munich, China, Moscow, Ukraine, Santa, China's Heilongjiang, Germany, Xiaohongshu, Russian, Russia, Stockholm, Xiaohongshu London, Pakistan

☆ How to stop your internet-connected car from sharing and maybe even selling your driving data
▼ + stars: | 2024-03-23 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

"The amount of personal and car information that car companies collect, share and sometimes sell is beyond what is necessary to get someone from Point A to Point B safely. But there are growing privacy concerns as reports proliferate about car companies sharing driver data with insurers, and as car companies get into the insurance business themselves. To be sure, there can be valid reasons to collect driver and car data for safety and functionality purposes, and some essential services, such as emergency and security-related data sharing, may be difficult or impossible to opt out of. Ford, for example, said it provides customers with a choice regarding any sharing of connected vehicle data. The government is looking at car privacy regulationsThere are various regulatory efforts afoot to understand carmakers' data-sharing practices and reign in potential privacy violations.

Persons: Jen Caltrider, There's, That's, James Hodgson, Parv Sharma, Caltrider, Cobun Zweifel, Mo Al, Keegan, Edward J, Markey, Eric Goldman, Hodgson, It's Organizations: Mozilla Foundation, Mozilla, ABI Research, McKinsey, Counterpoint Technology Market Research, Ford, Hyundai, Nissan, BMW, Keegan, International Association of Privacy, SBD Automotive, Protection Agency, Federal Trade Commission, Zweifel, Senate Commerce, Science, Transportation, Santa Clara University School of Law, Apple Locations: U.S, California , Colorado, Connecticut, California

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

As advocates push this year for ballot measure initiatives aiming to protect abortion rights, key differences have emerged in the language of proposed measures. Among them is the inclusion of mental health exceptions. Meanwhile, proposed ballot measure language in Arkansas only says “physical health,” excluding a mental health exception. “We don’t as a society have a great track record of treating mental health the same way we do physical health.”Policies that dismiss mental health as less important than physical health put lives at risk, said Columbia University psychiatrist Paul Appelbaum. We felt it was unlikely for a version that explicitly names mental health to pass.”Arkansas advocates were also worried the opposition campaign would target a mental health exception, Diaz said.

Persons: Kaniya Harris, Harris, don’t, “, ”, Roe, Wade, Michelle Oberman, ” Oberman, Paul Appelbaum, Appelbaum, ” Jayme Trevino, Mallory Schwarz, —, Gennie Diaz, ” Diaz, Diaz, Ingrid Duran, Duran Organizations: CHICAGO, Alabama, U.S, Supreme, U.S . Centers for Disease Control, Santa Clara University, Columbia University, American Psychiatric Association, OB, Physicians for Reproductive Health, Republican, Associated Press, AP Locations: Bethesda , Maryland, Kentucky, Missouri, Arizona, Michigan, Arkansas, Florida , Montana and Nebraska, — Florida, Georgia , Idaho , Iowa , Kentucky, Louisiana , Ohio , Tennessee, West Virginia, Wyoming, Alabama, ” Arkansas, Santa

☆ Ether is poised for an ETF approval in May, but the crypto’s price action may be subdued
▼ + stars: | 2024-02-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Investors expect the Securities and Exchange Commission to greenlight spot ether ETFs in May, but the price action for the crypto could be subdued compared to bitcoin's moves in the runup to its ETF approvals. That compares to the 55% surge bitcoin saw after BlackRock first filed its spot ETF application for the flagship crypto. Regardless, we see the spot ether ETF being less appreciated by the market." JPMorgan estimates a "no more than 50% chance" of spot ether ETF approval by May 23, the final deadline for the SEC to approve or deny the Ark/21Shares application . Schwenkler said any excitement leading up to potential ether ETF approvals will be "less speculative" and that a lot of it is priced in already.

Persons: Kenneth Worthington, Nico Cordeiro, there's, Owen Lau, Oppenheimer, Gustavo Schwenkler, Bitcoin, Solana, Schwenkler, — CNBC's Michael Bloom Organizations: Securities and Exchange Commission, JPMorgan, BlackRock, BTC, ETH, SEC, CNBC, Leavey School of Business, Santa Clara University, of Locations: Southern, of New York, bitcoin

☆ Can an AI chatbot be convicted of an illegal wiretap? A case against Gap's Old Navy may answer that
▼ + stars: | 2023-12-03 | by ( Ellen Sheng | ) www.cnbc.com time to read: +5 min

The suit also alleges that Old Navy unlawfully shares consumer data with third parties without informing consumers or seeking consent. Old Navy, through its parent company Gap, declined to comment. Old Navy isn't the only one to face similar charges. For now, states have different privacy rules, but there is no unifying federal-level regulation about online privacy. With no comprehensive federal online privacy legislation, companies are free to charge ahead without having to put privacy protections in place.

Persons: Irina Raicu, Raicu, It's, Ari Lightman Organizations: Navy, Central District of, Old, Home Depot, General Motors, Ford, JCPenney, Markkula Center, Applied, Santa Clara University . Companies, Companies, JPMorgan, Verizon, Old Navy, Carnegie Mellon University's Heinz College Locations: Central District, Central District of California, California, U.S, Europe, Canada, Europe . Colorado , Connecticut , Utah, Virginia, Delaware, Florida, Iowa

☆ TikTok’s recent court victories show just how hard it might be to ban the app
▼ + stars: | 2023-12-02 | by ( Brian Fung | Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

The lawsuit in Indiana sought court-ordered fines and restrictions on TikTok for allegedly violating state consumer protection laws. Both cases reflected concerns expressed by government officials at all levels in the United States about TikTok’s ties to China through its parent company, ByteDance. Calls for a TikTok ban in the US first arose during the Trump administration and have waxed and waned in the years since, but most attempts to ban the app have been challenged in court. What comes nextUltimately, the state-level efforts in Indiana and Montana failed for many reasons, Goldman said, and policymakers should take note of this. The Indiana decision is less likely to have a nationwide impact, Goldman added, simply due to the typical obscurity of state court rulings and how state laws differ from one jurisdiction to another.

Persons: TikTok, ” Eric Goldman, ’, Trump, Donald Molloy, Molloy, Patrick Toomey, “, ” Molloy, ”, Jennifer DeGroote, DeGroote, Goldman, Blake Reid, Reid Organizations: CNN, TikTok, Santa Clara University, American Civil Liberties, Security, University of Colorado Locations: Indiana, Montana, United States, China

☆ Opinion | Before the DeSantis-Newsom Debate, Let’s Look at Their Economic Records
▼ + stars: | 2023-11-29 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Gavin Newsom of California on Fox News. My contribution to the predebate festivities is the following table, which highlights some differences between Florida and California. While median household incomes in California are nearly a third higher than in Florida, the poverty rate is also higher. Forty-one percent of fourth graders in Florida test at or above the proficiency level in math, versus 35 percent nationally. By eighth grade the states are equally weak, at 23 percent at or above proficiency in math, below the (disappointing) 26 percent national average.

Persons: Ron DeSantis, Gavin Newsom, Fox’s Sean Hannity, DeSantis, Newsom, ” Organizations: Gov, Fox News, Republican, Democrat, Yale, Santa Clara University, Times Locations: Florida, California

☆ Japan has become a gold mine for value investors
▼ + stars: | 2023-11-10 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Having experienced a multi-decade decline after 1990, Japanese stocks have escaped the doldrums. Reuters GraphicsAnother shadow that has long lingered over corporate Japan is management teams which tended to neglect shareholders and prioritise the interests of other stakeholders. METI is also redefining the aim of Japanese companies, says Stephen Codrington, founder of the independent research firm Codrington Japan. Japan, whose regime was formerly unfriendly to equity investors, is moving in the opposite direction, says Drew Edwards, head of GMO Usonian Japan. Japan, as Codrington says, has become a gold mine for value investors.

Persons: Jeremy Siegel, “ Stocks, It's, Alex Kinmont, James Montier, METI, Stephen Codrington, Codrington, Toby Rodes, Edward McQuarrie, McQuarrie, Drew Edwards, there’s, Warren Buffett, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Investors, Credit Suisse Global Investment, Nikkei, U.S ., Local, Credit Suisse, Ministry, Economy, Trade, Industry, Electronics, Hitachi, Fujitsu, Investment, Toyota, Investment Fund, Tokyo Stock Exchange, Kaname, Takisawa Machine Tool, managements, Toyota Industries, Santa Clara University, U.S, Thomson Locations: Japan, U.S, Europe, Codrington Japan, United States

Gavin Newsom is the latest to find out that plans for a confident jump shot can turn into a torrent of online potshots. On a trip to China, the two-term Democrat took a detour from his official meetings on climate change to join a group of Beijing schoolkids for a game of basketball. Video circulating online shows Newsom wearing slacks, an open-collared shirt and dress shoes while towering over schoolchildren on the court. The governor playfully twirls a basketball on a fingertip, then executes a spin move as he heads toward the basket. “Newsom destroys kid during basketball game in China,” celebrity website TMZ tweeted.

Persons: —, Gavin Newsom, Newsom, Boris Johnson, Bill Clinton, Al Gore, John Kerry, ” George W, “, ”, “ Newsom, TMZ, Xi Jinping Organizations: ANGELES, Gov, pats, ” Fox News, America, Santa Clara University, Los Angeles Fox News Locations: China, Beijing, British, London, Japan, Scotland

☆ Can you ask someone how much they pay in rent? An ethicist, philosopher and etiquette expert weigh in
▼ + stars: | 2023-10-25 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +5 min

Depending on how well you know them, questions about those personal details can seem forward, if not downright rude. "Asking someone how much they pay for housing is a proxy for asking them how wealthy they are," she says. Asking someone how much they pay for housing is a proxy for asking them how wealthy they are. Anita Allen Professor, University of PennsylvaniaThat's why, Allen says, she would only ask if she "knew them very well." 'We are having a housing crisis nationally'A 'For Rent' sign is posted near a home on February 07, 2022 in Houston, Texas.

Persons: Anita Allen, Allen, Brandon Bell, It's, —, Don Heider, Heider, Daniel Post Senning, Emily Post's Organizations: University of Pennsylvania, Getty, U.S . Bureau, Labor, Santa Clara University, National Association of Realtors Locations: Houston , Texas, Philadelphia, New York City, York City, Oxford , Mississippi, Roseville , Michigan

☆ 48% of Gen Zers will do their holiday shopping on TikTok, Instagram this year—they trust the 'wisdom of their friends,' expert says
▼ + stars: | 2023-10-17 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Americans between the ages of 18 and 29, a majority of which are Gen Z, have already gotten a jump on their holiday shopping, according to a recent Shopify-Gallup Survey. And almost half, 48%, say they will do at least some of their year-end buying on social media platforms like TikTok or Instagram. For brands attempting to capture the Gen Z customer, a compelling social media presence is key. About 86% of Gen Z shoppers say social media sways their buying decisions, according to a report by ICSC. For Gen Z, a product is cool because the right person — usually one who came across their TikTok feed — has it.

Persons: Savannah Wei Shi, Shi Organizations: Gallup Survey, ICSC, Shoppers, Santa Clara University Locations: Instagram, Young, Savannah

But Mintz also acknowledges that having more places to access PrEP likely will not be enough to substantially increase its use in more vulnerable communities. “There needs to be a couple of levers that need to be pulled for everybody to access PrEP who are eligible to access PrEP,” Mintz says. (Joe Raedle/Getty Images)Meanwhile, a pending ruling in a federal appellate court looms as a threat that could more broadly undermine PrEP coverage. “We don’t know what the 5th Circuit could do.”In the wake of the March court ruling, insurers expressed support for preventive services. “Right now, PrEP uptake is quite good among gay white men, but among people of color and among women PrEP access is quite limited,” Dawson says.

Persons: Apretude, ”, Omar Martinez Gonzalez, Sean Bland, we’re, ” Bland, Truvada, ” Martinez Gonzalez, Laura Mintz, Mintz, ” Mintz, Truvada –, AIDSVu, Joe Raedle, Laurie Sobel, “, ” Sobel, Lindsey Dawson, ” Dawson, Torrian Baskerville, Baskerville, ” Baskerville, who’d, Biden, Bland Organizations: U.S . Preventive Services Task Force, U.S . Food, Drug Administration, Affordable, AIDS Foundation Chicago, “, Centers for Disease Control, Santa Clara University School of Law, Georgetown University’s O’Neill Institute for National, Global Health, Blacks, PrEP, Emory University, Gilead Sciences, Black PrEP, Case Western Reserve University School of Medicine, Pride Network of, ViiV Healthcare, GlaxoSmithKline, U.S, Circuit, Appeals, Supreme, Human Rights, Navigators, Department of Health, Human Services Locations: U.S, Black, Cleveland, Gilead, –, Miami, Texas, Ohio

☆ U.S. debt is nearly $33 trillion. But some economists say not all debt is bad.
▼ + stars: | 2023-09-10 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +3 min

The U.S. national debt is sitting at nearly $33 trillion dollars. "The public debt has always been used for emergencies. The national debt increased by more than 89% since the beginning of the pandemic, with many top economists in agreement that 2020 was not the time to worry about the debt. Servicing the debt can become difficult when interest rates are higher. The Federal Reserve has been increasing interest rates since March 2022 with the goal of slowing down economic activity.

Persons: Kris Mitchener, William Gale, Michael Peterson, Peter G, Lori Esposito, Murray, Stephanie Kelton Organizations: U.S, Leavey School of Business, Santa Clara University, Brookings Institution, Peterson Foundation, Economic Develop, Conference Board, Economic Development, The Conference Board, Federal Reserve, Stony Brook University Locations: U.S

☆ Bitcoin's most faithful are staying put despite the crypto market's recent weakness
▼ + stars: | 2023-08-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. "The part that could upset the crypto market is if interest rates stay higher for longer, which disappoints the expectation that the rate could be lowered in the first half of 2024. Trading data also shows long-term investors haven't been easily shaken by the recent weakness. This tells us that despite the price volatility and recent downdraft in prices, long-term holders are unwavering. He added that while it's unclear what exactly accounts for traders' resilience, maturing crypto investors are becoming more "aware of the cycles associated with bitcoin's halving and are expecting it to repeat, leading to price appreciation."

Persons: Bitcoin, Oppenheimer's Owen Lau, Jerome Powell's, Gustavo Schwenkler, It's, haven't, Greg Cipolaro, Michael Bloom, Nick Wells Organizations: Metrics, Fed, Leavey School of Business, Santa Clara University, Indicia Labs, SEC, JPMorgan, Management, CNBC Locations: Jackson Hole , Wyoming, U.S, China, NYDIG, Stone

☆ Artists are losing the battle against AI. Glaze, a tool that's found a way to trick algorithms, is giving them a fighting chance.
▼ + stars: | 2023-07-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

AI would soon be better than human artists, Beverly was told. In October, Beverly checked a website, HaveIBeenTrained.com, that reveals if an artwork or photo was used to teach AI models. That image can still be fed to AI learning models, but the data gleaned from it would be inaccurate, Zhao told Insider. His team conceptualized the program when they were contacted by artists worried that AI models were specifically targeting their personal work. That could theoretically lead to a pseudo-arms race, where AI companies and the Glaze team continually try to one-up each other.

Persons: they've, She'd, Gigs, Beverly, I'd, Glaze, Ben Zhao, Zhao, Jackson, Autumn Beverly, Beverly Glaze, Celso Flores, Flickr, It's, Van Gogh, Sarah Andersen, Andersen, she's, you've, that's, Haibing Lu, Lu, Martin Senftleben, Senftleben, Harry Potter, J.K, Rowling doesn't, I'm, Midjourney Organizations: University of Chicago, Autumn Beverly, of Liberty, The University of Chicago, Santa Clara University, Tech, University of Amsterdam, Artists Locations: Ohio, —

☆ Crypto is trying to fix its custody problem as institutions pour in and regulatory uncertainty lingers
▼ + stars: | 2023-06-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

And the highly regulated institutions wanting to give their clients access to bitcoin are still a little skeptical that the crypto industry has learned its lessons. Another issue is there aren't enough dedicated custodians in the crypto industry. The Go Network acts as a platform on which partner firms can execute and settle trades between crypto assets and fiat currencies. BitGo handles custody of crypto assets while dollars are spread across a network of banks for safekeeping. "[The crypto industry] was operating on the edge, saying, it's risky, but we're making a lot of money.

Persons: Crypto, Bitcoin, Roger Bayston, Franklin Templeton's, FTX, Schwab, Gustavo Schwenkler, It's, David Wells, haven't, it's, BitGo, Mike Belshe, CNBC's, Wells, Belshe, BlackRock's Joseph Chalom, Franklin Templeton's Bayston Organizations: Crypto, New York City, Arrows, Terraform, Securities and Exchange, Fidelity, Citadel, EDX, Valley Bank, First, Leavey School of Business, Santa Clara University, Nasdaq, Bank of New York Mellon, CNBC, Go, Markets, Schwab, BlackRock, Securities, Exchange, Coinbase Locations: Coinbase State, New York, First Republic, PacWest, Wells

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