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☆ Premarket stocks: What the OPEC cuts mean for Putin and Russia
▼ + stars: | 2023-04-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

OPEC+ was formed in 2016 to coordinate and regulate oil production and stabilize global oil prices. What it means for Putin: OPEC+’s decision to cut oil production could have big implications for Russia. After Russia invaded Ukraine last year, the United States and United Kingdom immediately stopped purchasing oil from the country. Higher-priced oil could help Russia pay for its war on Ukraine and also boosts revenue in Saudi Arabia. Current regulations, Dimon argued, could actually lull banks into complacency without actually addressing real system-wide banking issues.

☆ Clearview AI scraped 30 billion images from Facebook and gave them to cops: it puts everyone into a 'perpetual police line-up'
▼ + stars: | 2023-04-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Clearview AI scraped 30 billion photos from Facebook to build its facial recognition database. Representatives for Clearview AI did not immediately respond to Insider's request for comment. Since then, the spokesperson told Insider, Meta has "made significant investments in technology" and devotes "substantial team resources to combating unauthorized scraping on Facebook products." CNN reported Clearview AI last year claimed the company's clients include "more than 3,100 US agencies, including the FBI and Department of Homeland Security." "You don't know what you have to hide," Guariglia told Insider.

Big gas producers including Chesapeake Energy Corp (CHK.O) and Comstock Resources Inc (CRK.N) are reducing their drilling. "About a third of U.S. gas production is associated gas - produced from oil wells," said Jacques Rousseau, a managing director at research firm ClearView Energy Partners LLC. Gas from the Permian also has climbed to record highs every month this year. PRODUCTION REMAINS STICKYU.S. gas production remains on track to hit 100.67 billion cubic feet per day (bcfd) this year, up from last year's record 98.09 bcfd, according to the U.S. government. Despite low gas prices, U.S. drillers have 160 rigs seeking gas up 16% from a year ago, according to data from Baker Hughes Co (BKR.O).

WASHINGTON, March 27 (Reuters) - U.S. President Joe Biden would veto a Republican energy legislation package if it were to pass Congress, citing cost increases that the legislation could lead to, the White House said on Monday. 1 (Lower Energy Costs Act) would double the cost of energy efficiency upgrades that families need to reduce household bills and would repeal the Greenhouse Gas Reduction Fund that will cut energy costs and boost economic development in rural and urban communities across the country," the White House said. Republicans plan to bring the legislation to the floor of the House of Representatives, where they hold a slim majority, for a vote this week, Representative Elise Stefanik, who chairs the House Republican Conference, said on Monday. Senate Majority Leader Chuck Schumer has said the House bill is "dead on arrival" in the Senate. But many senators want more moderate permitting legislation to expand the electricity transmission system and rapid build out of renewable power.

☆ The next world power will be the first to harness the power of AI, former defense official argues in new book
▼ + stars: | 2023-03-12 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +17 min

Paul Scharre, a former defense official, argues AI dominance will determine the next global power. The battle for AI power will revolutionize world militaries and economies. His book, "Four Battlegrounds: Power in the Age of Artificial Intelligence," was released on February 28. In his latest book, "Four Battlegrounds: Power in the Age of Artificial Intelligence," Scharre explores how the international battle for the most powerful AI technology is changing global power dynamics. Over time, regulation in some fashion of AI technology; probably much of which will be sector-specific.

The case involves a group of consumers who contend Facebook exploited user data to maintain its market power. Representatives for Quinn Emanuel and Facebook declined to comment, and a spokesperson for Hagens Berman did not immediately respond to a message seeking comment. Scarlett in recent court filings said Quinn Emanuel was not respecting her view as a leading antitrust attorney based on her gender. Quinn Emanuel denied the claim, saying it has "worked very hard to be cooperative with all counsel on the case, including female counsel." Donato started the appointment process from scratch in January amid quarreling between Seattle-based plaintiffs' firm Hagens Berman and 900-lawyer Quinn Emanuel.

Part of the clash included a Hagens Berman partner accusing Quinn Emanuel of discounting her views based on her gender. Quinn Emanuel denied the allegation, calling it a "mystery." The two law firms on Friday night submitted their pitches to Donato about why he should appoint them solely rather than jointly to lead the consumer class. A representative from Hagens Berman did not immediately comment, and a Quinn Emanuel spokesperson declined to comment. Hagens Berman and Quinn Emanuel have been on opposite sides in other cases.

☆ Ukraine's deputy prime minister says it is educating its citizens about the dangers of deepfakes as it fights Russian disinformation in 'a war of technologies'
▼ + stars: | 2023-01-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Ukraine's vice prime minister, Mykhailo Fedorov, spoke at the Tech Power and Cooperation panel in Davos. He said Ukraine had seen a lot of Russian propaganda and deepfakes, so educated citizens about it. He spoke on the Tech Power and Cooperation panel at the World Economic Forum in Davos, Switzerland on Thursday, where topics included the potential dangers of facial recognition technology. Fedorov, who is also the minister of digital transformation, said: "We saw a lot of Russian propaganda and we saw a lot of deepfakes." Fedorov also spoke about how facial recognition allowed Ukraine to identify dead Russian soldiers and inform their families.

☆ Analysis: U.S. House Republicans favor message over substance in early legislation
▼ + stars: | 2023-01-13 | by ( David Morgan | ) www.reuters.com time to read: +6 min

Senator Joni Ernst (R-IA) speaks during a news conference following Senate Republican leadership elections that included the re-election of U.S. The bills are meant to provide a political benefit, as Republicans seek to fulfill 2022 campaign promises and formulate plans to capture the Senate and White House in 2024. "You'll watch it week after week after week." "The real purpose for the House Republican conference is to hold down spending and try to limit the debt," said Republican strategist Charles Black. 2 House Republican Steve Scalise said would target people earning less than $400,000 and break Biden's promise not to raise taxes on that income group.

☆ Clearview's Kevin Book weighs in on the 2023 energy outlook
▼ + stars: | 2023-01-04 | 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 EmailClearview's Kevin Book weighs in on the 2023 energy outlookKevin Book, Clearview Energy Partners managing director, joins 'The Exchange' to discuss price risks to the energy stocks and his outlook on the sector.

☆ Fed policy continues to concern oil markets
▼ + stars: | 2022-12-05 | 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 EmailFed policy continues to concern oil marketsFrancisco Blanch, head of global commodity and derivative research for Bank of America securities, and Kevin Book, managing director at Clearview Energy Partners, join 'Power Lunch' to discuss global supply and demand of oil, impacts of the European Union's price cap, and key takeaways from the latest OPEC meeting.

After oil prices soared following Russia's invasion of Ukraine, European governments already have imposed windfall taxes on their oil industries. But most U.S. lawmakers show little appetite to reverse that trend after oil companies like Exxon Mobil Corp and Chevron Corp <CVX.N. Senator Sheldon Whitehouse and Representative Ro Khanna, both Democrats, are among legislators who have already introduced bills to tax excess oil company profits. Democratic Senators Kyrsten Sinema from Arizona and Joe Manchin from West Virginia would likely oppose a windfall profits tax, dimming its prospects, congressional sources and research groups said. Administration officials conceded privately that it may be difficult to enact a federal windfall profits tax, and said no deadline has been set for a next step.

☆ Some TikTok users are receiving $167 checks over data privacy violations—and Google and Snapchat could be next
▼ + stars: | 2022-10-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

This week, TikTok users across the country who created videos on the app before September 30, 2021, began receiving payments between $27.84 and $167.04 following a $92 million class-action data privacy settlement with the social media platform. The largest checks went to short- and long-term residents of Illinois, where TikTok was sued for violating the state's strict biometric data laws by collecting and implementing facial recognition data into its algorithms without user consent. On the surface, facial recognition features on social media seem harmless, if not beneficial to the user experience — but experts say there are underlying consequences. Matthew Kugler, a privacy law professor at Northwestern University told CNBC Make It in May that such businesses hold the potential to eliminate our anonymity. In 2019, a study Kugler authored found that 70% of its participants were uncomfortable with companies using facial recognition data to track individual's locations and serve target ads.

☆ Wave of LNG tankers is overwhelming Europe in energy crisis and hitting natural gas prices
▼ + stars: | 2022-10-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Two LNG vessels that came from the U.S. are underway to Spain's Huelva port. The underlying infrastructure issue is a lack of European regasification capacity due to a shortage of regasification plants and pipelines connecting countries that have regasification facilities. As a result, the amount of LNG on the water — floating storage — increases and in turn drives down the price of natural gas . Energy experts tell CNBC they are keeping an eye on an EU LNG price cap. Russia, which supplies a large portion of natural gas to Europe, cut gas supplies as a response to sanctions after the country's war with Ukraine.

☆ Inside Denver's most expensive home: $28,888,888
▼ + stars: | 2022-10-03 | by ( Ray Parisi | ) www.cnbc.com time to read: 1 min

Take a look inside the most expensive home for sale in Denver. If the $28,888,888 home sells for anywhere near its asking price it will smash a record in the metro area. The estate is called Clearview Farm and it spans 15 acres, with 16,400 square feet of living area across two structures. The residence includes five bedrooms, eight baths, a 75-foot-long lap pool and a 2,600-square-foot guest house.

☆ Denver's most expensive home lists for $28.9 million and features a stunning charred wood treatment
▼ + stars: | 2022-10-03 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

Dusk view of the main house looking into the glass-encased great room. Nate PoltaThe local trend in Denver sales prices may bode well for the new $28.9 million listing. Primary bedroom Nate PoltaThe main house includes five bedrooms and eight bathrooms. Nate PoltaThe residence includes a self-sustaining solar energy system, in-floor heating and Lutron shades. The view from above the lap pool and sundeck reveals an array of solar panels on the pool house roof.

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