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SYDNEY, Australia — Australia’s center-left government on Thursday introduced a bill in Parliament that aims to ban social media for children under 16 and proposed fines of up to $32 million for social media platforms for systemic breaches. Australia plans to trial an age-verification system that may include biometrics or government identification to enforce a social media age cut-off, some of the toughest controls imposed by any country to date. France last year proposed a ban on social media for those under 15, but users were able to avoid the ban with parental consent. The law would force social media platforms, and not parents or young people, to take reasonable steps to ensure the age-verification protections are in place. “Social media has a social responsibility ... that’s why we are making big changes to hold platforms to account for user safety,” she said.
Persons: Anthony Albanese, ByteDance’s TikTok, Elon Musk’s, Snapchat, Albanese, Michelle Rowland, Rowland, Organizations: , Liberal Party, Facebook, Google, YouTube, Labor, United Locations: SYDNEY, Australia, France, United States
WASHINGTON — The Senate voted overwhelmingly Wednesday night to reject three efforts led by progressive Sen. Bernie Sanders that would have blocked certain offensive weapons sales to Israel. In a speech on the Senate floor ahead of the vote, Sanders argued that the resolutions "would not affect any of the systems Israel uses to defend itself from incoming attacks," focusing instead on offensive weapons. "As I have said many, many times: Israel had the absolute right to respond to that horrific Hamas attack, as any other country would. I don’t think anybody here in the United States Senate disagrees with that," he said in his floor speech. More than 43,000 Palestinians have been killed in Israel’s offensive into the dense enclave since the attack, according to health officials in Gaza.
Persons: WASHINGTON, Sen, Bernie Sanders, Sanders, Benjamin Netanyahu, Ed Markey, Netanyahu, Martin Heinrich, Tammy Baldwin, , Catherine Cortez Masto, ” Sen, Jacky Rosen, , Joni Ernst, Bill Cassidy, Israel’s Organizations: U.S, United States, Hamas, Democrats, Biden Locations: Israel, Gaza, U.S, United States, D, Iowa
Bluesky CEO Jay Graber says X rival is 'billionaire proof'
  + stars: | 2024-11-21 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +3 min
But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is "billionaire proof." Graber was referring to the way millions of users left Twitter, now X, after Elon Musk purchased the company in 2022. Bluesky now has over of 21 million users, still dwarfed by X and Threads, which Facebook's parent debuted in July 2023. Threads has roughly 275 million monthly users, Meta CEO Mark Zuckerberg said in October. Although Musk said in May that X has 600 million monthly users, market intelligence firm Sensor Tower estimates 318 million monthly users as of October.
Persons: Bluesky, Elon Musk's, Jay Graber, CNBC's, Graber, Elon Musk, Meta didn't, Mark Zuckerberg, Musk, Jack Dorsey's, Dorsey, Jack, we're, we've, that's, Nobody's, algorithmically, We're, That's, Trump Organizations: Twitter, Elon, Meta, Blockchain Capital Locations: Brazil
This is due to unprofitable EV investments, Chinese market losses, and more domestic competition. Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. AdvertisementBut despite that growth — and with EVs accounting for roughly 10% of US auto sales — companies not named Tesla have struggled to make their EV businesses profitable. German carmakers are losing out to Chinese EV upstarts like BYD. Analysts say inventory levels are improving at Stellantis and industry-wide as automakers react to a slower sales environment.
Persons: Ford, Josh Lefkowitz, EVs, That's, Tesla, Tim Levin, Daniel Pier, Stellantis, Price, Donald Trump Organizations: Ford, GM, Volkswagen Group, General Motors, Volkswagen, Silverado, Angeles Auto, EV, Cadillac, VW Group, Geely, VW, Competition Locations: Germany, Cadillac Lyriq, China, United States
AdvertisementThe Travis County clerk's office told BI Elon Musk and Grimes have ended their custody dispute. Musk sued Grimes in the Texas court last year, and Grimes countersued in San Francisco. Elon Musk and Grimes' legal dispute in Texas over their three children has been resolved. Related VideoRepresentatives for Musk and Grimes did not respond to a request for comment. Musk first filed the custody lawsuit against Grimes in September 2023.
Persons: Grimes, Musk, Grimes countersued, Elon Musk, Claire Boucher Organizations: Elon, Musk, San Francisco Superior Locations: Travis, Texas, San Francisco, Travis County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBluesky CEO: Our platform is 'radically different' from anything else in social mediaJay Graber, Bluesky CEO, joins CNBC's 'Money Movers' to discuss how Bluesky developed as competitor to X, expectations for growth, and more.
Persons: Jay Graber, Bluesky
AdvertisementElon Musk and Vivek Ramaswamy are starting a podcast to chronicle DOGE's attempt to cut government spending. Musk and Ramaswamy have been using X to promote their new roles in government efficiency. Elon Musk and Vivek Ramaswamy are planning on keeping federal workers and the American public up to date on their progress at the Department of Government Efficiency with a new podcast. Elon Musk added on X that the podcast would host guests and previously suggested the live streams would be weekly. Political scientists have questioned whether Musk and Ramaswamy's ideas, which include "deleting" whole government departments and mass layoffs of federal workers, are achievable.
Persons: Elon Musk, Vivek Ramaswamy, Musk, Ramaswamy, Tesla, he'd, Donald Trump's, DOGE cryptocurrency, RTO Organizations: Department of, YouTube, Department of Government Locations: American
“People are afraid of walking the streets right now; there’s a lot of fear … a lot of fear,” Sanchez said. “Shrinking worker (supply) in a period in which those sectors need more workers and are having a hard time finding workers will clearly generate a slowdown,” Peri said. Although temporary farm visas — known as H-2A — do exist, there is no legal way to have year-round foreign workers. “We know [undocumented immigrants] are working, they’re not sitting at home,” he said. “The slowing in immigration that’s broadly anticipated will probably show up in tighter labor markets for lower-skilled workers,” he said in an interview.
Persons: Donald Trump’s, Sam Sanchez, , Sanchez, ” Sanchez, Giovanni Peri, Peri, Ron Estrada, , ” Estrada, farmworkers, Joe Sohm, Farmworker Justice’s Estrada, Carolinians, they’re, “ They’ve, Biden, Trump, Michael Feroli, Julia Pollak, Scott Olson, it’s, Joe Brusuelas, ” Karoline Leavitt, Vance, Joanne Eriaku, Eriaku, she’s Organizations: CNN, Chicago, Coast Hospitality Group, , Global Migration, University of California, Davis, UCDavis, Migration Center . Business, Biden, Farmworker, North Carolina Growers Association, Congressional, CBO, JPMorgan, Republican National Convention, RSM, Trump, United Nations, UN, Social Locations: America, Mexico, Little, San Francisco, Chicago, , Milwaukee, Chicago’s Little, Springfield , Ohio, New York City, Uganda, Eriaku, Kenya, United States
AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in a X post on Thursday. Musk said Bezos told people that Trump would lose and they should sell their Tesla and SpaceX stock. Elon Musk has taken aim at Jeff Bezos once more, reigniting the war of words between the world's two richest people. In a X post on Thursday, Musk said that Bezos had told people to dump their shares in his companies because Donald Trump was bound to lose the presidential election. This message about Bezos is a way to give himself an excuse to legitimately do so, by saying that 'Bezos started it.'"
Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Trump, Donald Trump, ince, ould, ake Organizations: SpaceX Locations: lon, usk, ehicles,
AdvertisementSebastian Stan plays a young Donald Trump in "The Apprentice," a movie about his life in the 1970s. Stan said other actors wouldn't discuss Trump, and the film, with him for Variety's "Actors on Actors." You won't see Sebastian Stan doing an "Actors on Actors" interview about his new Donald Trump movie "The Apprentice," because, according to the actor, no one would talk to him about it. "We couldn't get past the publicists or the people representing them, because it was too afraid to talk about this movie." "We invited him to participate in 'Actors on Actors,' the biggest franchise of awards season, but other actors didn't want to pair with him because they didn't want to talk about Donald Trump," Setoodeh said.
Persons: Sebastian Stan, Donald Trump, Stan, wouldn't, Trump, Ali Abbasi, Roy Cohn, Jeremy Strong, Trump's, Ivana, Maria Bakalova, It's, Abbasi, Gabriel Sherman, Ramin Setoodeh, IndieWire, didn't, Setoodeh, Sherman, Tuesday's, we're Organizations: Trump, Cannes, Penske Media Corporation, Cannes Film, Briarcliff Entertainment Locations: States
CNN —John Prescott, a former British deputy prime minister in Tony Blair’s Labour government, has died, his family said on Thursday. Prescott, 86, died following a battle with Alzheimer’s, his family said in a post on X. He served as deputy prime minister from 1997 to 2007. Prescott was one of Blair’s most colourful ministers and was known as a plain-speaking politician who bridged the divide between the traditional left-wing and the modernizers in the Labour Party.
Persons: John Prescott, Tony Blair’s, Alzheimer’s, Prescott Organizations: CNN, Tony Blair’s Labour, Labour Party Locations: British, Prescott
Nugget is giving shoppers 10% off when they purchase The Nugget play couch and Chunk ottoman together as part of its Big Orange Box Set promotion. For Black Friday, you can save 10% when you purchase The Nugget and The Chunk play ottoman together in the Big Orange Box Set. View at Nugget What we like Check mark icon A check mark. Play couch comes in 20 colors and ottoman is available in 10Check mark icon A check mark. Waterproof liners sold separatelyBlack Friday Nugget Couch FAQsWhat age is the Nugget play couch for?
Persons: Conz, It's Organizations: Business, Big
After returning to the site on November 1, Deep Sea Vision — an ocean exploration company based in Charleston, South Carolina, that captured the original sonar image — has identified the object to be a natural rock formation. The hunt for Earhart’s plane continuesThe rock formation was more than 16,000 feet (4,877 meters) underwater. The team sent out the AUV directly above the site in early November, producing a high-resolution image of the rock formation. After the anxious wait, the image surprisingly revealed that the object was a natural rock formation, he said. When Deep Sea Vision first announced the anomaly, Jourdan cautioned against using sonar imagery to identify anything on the seafloor.
Persons: Amelia Earhart, Earhart, Electra, , Tony Romeo, , ” Romeo, Romeo, shouldn’t, Nauticos, David Jourdan, Jourdan, ” Jourdan, ” Amelia Earhart, Fred Noonan, Dorothy Cochrane, Cochrane Organizations: CNN, Lockheed, US Air Force, Vision, Smithsonian National Air and Space Museum Locations: Charleston , South Carolina, Kennebunkport , Maine, Lae, Papua New Guinea, Howland
AdvertisementNew Delhi reported severe levels of air pollution this week. Titus Koshy, CEO of United Consultancy Services Group, told BI his employees struggle to commute. Air pollution in India's capital, New Delhi, has become so severe that some people are struggling to commute to work. Titus Koshy, CEO of United Consultancy Services Group which has more than 150 employees, told Business Insider that the toxic smog engulfing the city had made it difficult for his staff to come into the office. AdvertisementA 2019 study by the World Bank estimated the global cost of health damages associated with exposure to air pollution to be $8.1 trillion.
Persons: Smog, Titus Koshy, Koshy, JP Morgan, Shubham Gupta Organizations: United Consultancy Services, BBC, World Health Organization, WHO, United, United States Environmental Protection Agency, Delhi's, KPMG, Cisco, Mondelēz, World Bank Locations: Delhi, New Delhi, United States, KPMG India, NCR
“I do not support the death penalty,” Gonzalez wrote on Twitter, now X, in September 2020. The punishment stopping short of the death penalty, though, earned criticism from some right-wing firebrands like US Rep. Marjorie Taylor Greene. “Jose Ibarra deserves the death penalty,” the Republican from Georgia wrote on X. Four days after the killing, Gonzalez brought in Sheila Ross from the Prosecuting Attorney’s Council to join a task force in the murder case. Three months later, Gonzalez released the statement announcing prosecutors would not seek the death penalty.
Persons: Deborah Gonzalez, ” Gonzalez, Jose Ibarra, Laken Riley, Ibarra, I’m, , Allyson Phillips, “ I’m, H, Patrick Haggard, Marjorie Taylor Greene, “ Jose Ibarra, Allyson, Dawn Brinkley, , , Feedback Jose Ibarra, Donald Trump’s, Gonzalez, , Riley, Sheila Ross, Kalki Yalamanchili Organizations: CNN, Circuit, Twitter, Western, Attorney’s, Republican, USA, University of Georgia, Attorney’s Council Locations: Athens, , Georgia, Venezuela
CNN —LeBron James announced on Wednesday that he’s taking a break from social media. The Los Angeles Lakers star made the announcement on his X, formerly known as Twitter, and Instagram accounts, writing: “Getting off social media for the time being. “When the platform is so big, you can make the change and allow us all an escape from real life negativity. Knecht scored a career-high 37 points in the Lakers’ 124-118 win over the Utah Jazz on Tuesday, tying the NBA rookie record of nine three-pointers in a single game. It is unclear when James will return to social media.
Persons: LeBron James, , James, Rich Kleiman, Kevin Durant’s, ” Kleiman, Dalton Knecht’s, Knecht, he’s Organizations: CNN, Los Angeles Lakers, Twitter, Tennessee, Lakers, Utah Jazz, NBA
AdvertisementElon Musk and Vivek Ramaswamy wrote an op-ed in The Wall Street Journal detailing their vision for cutting government costs. Elon Musk and Vivek Ramaswamy are eyeing recommendations to trim a list of government programs that include veterans' healthcare, childcare grants, and NASA. The programs' funding authorizations have lapsed because they were established or renewed by legislation authorizing Congress to allocate funds for a set number of years. Advertisement"If the spending isn't authorized, then we shouldn't be spending it," Ramaswamy wrote on X on Thursday. GOP Rep. Cathy McMorris Rodgers introduced legislation in 2016 — the USA Act — which would sunset what she called "zombie government spending programs" in three years and establish a commission to review all mandatory spending programs.
Persons: Elon Musk, Vivek Ramaswamy, Donald Trump's, Pell, Ramaswamy, NASA's, Elon Musk's, Cathy McMorris Rodgers, McMorris Rodgers Organizations: NASA, of Government, Congress, Congressional, CBO, Pell Grants, National Institutes of Health, Federal Bureau of Investigation, Ramaswamy, Corporation for Public Broadcasting, Elon, Elon Musk's SpaceX, Planetary Society, GOP, Treasury Department, Social Security Administration, Department of Health, Human Services
The post sparked immediate backlash from Indian social media users and inspired several memes and spoofs. “Guys basically he is trying to uplift those who are already uplifted,” one user wrote, referring to Zomato CEO Deepinder Goyal. Another said, “A job is supposed to help you pay bills and put food on the table. Deepinder Goyal, the CEO of Zomato, in an image dated June 30, 2015. “I hope that ‘pay the company to get a job’ doesn’t become a norm in this world – that’s not cool,” he wrote.
Persons: Deepinder Goyal, , Goyal, ” Goyal, Ramesh Pathania, Soumya Bhowmick, , doesn’t, Zomato Organizations: New, New Delhi CNN, Hindustan Times, Getty Images, CNN, ” CNN Locations: New Delhi, India
Gautam Adani, the billionaire chairman of India's Adani Group, was indicted on Wednesday along with seven others in New York federal court for his involvement in a large-scale bribery and fraud scheme. March 2023 to May 2023In March, India's Supreme Court sets up an independent six-member panel to investigate the allegations made in the Hindenburg report. Then in May, the court-appointed panel said it has "drawn a blank" in its probe into Adani group, according to Reuters. December 2023 to January 2024By the end of 2023, Adani Enterprise shares had recovered from the fallout and concluded the year with smaller declines of 26%. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.
Persons: Gautam Adani, Hindenburg, Adani, Madhabi Puri, Narendra Modi, Modi, Rahul Gandhi Organizations: Hindenburg Research, India's, Adani, Hindenburg, Adani Enterprises, Reuters, Adani Enterprise, Bloomberg, Indian, Forbes Locations: Krakow, Poland, New York, Asia, Madhabi Puri Buch, Sri Lanka, India, Australia
Trump AG pick Matt Gaetz says he's withdrawing
  + stars: | 2024-11-21 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +2 min
Matt Gaetz said Thursday he is withdrawing his name from consideration as President-elect Donald Trump's pick for U.S. attorney general, ending the controversial bid that put prior allegations of sexual misconduct in the spotlight. I appreciate their thoughtful feedback - and the incredible support of so many," Gaetz said in a statement posted on his X account. "There is no time to waste on a needlessly protracted Washington scuffle, thus I'll be withdrawing my name from consideration to serve as Attorney General," he said. The Department of Justice's investigation into whether Gatez sex-trafficked a minor girl ended last year without charges being filed. The House committee, which is evenly divided between Republicans and Democrats, on Wednesday deadlocked on a vote to release a report on its probe of Gaetz.
Persons: Matt Gaetz, Kevin McCarthy, Donald Trump's, Gaetz, Vance, CNN's Paula Reid, Susan Wild of, reconvene, Trump, Karoline Leavitt, Leavitt Organizations: U.S, Trump, Republican, The, Republicans, Democrats, Gaetz, Truth, Administration, Department of Justice, CNBC, Yildirim Locations: Washington ,, Florida, Washington, Susan Wild of Pennsylvania
CNN —Brazilian authorities have indicted ex-president Jair Bolsonaro, accusing him of “full knowledge” of a 2022 plot to kill his successor, Luiz Inácio Lula da Silva, and overturn the results of the presidential election. On Thursday, Brazil’s federal police indicted 37 individuals including Bolsonaro, as part of the investigation into the fallout of the 2022 presidential elections, in which Bolsonaro’s bid for reelection was defeated, CNN Brasil reports. Police reportedly allege that Bolsonaro had “full knowledge” of a plan to prevent Lula and his government from taking office after his election victory. Earlier this week, Brazilian police arrested five people, including a former adviser to Bolsonaro, over the alleged plots. In October 2022, Lula narrowly beat Bolsonaro in the presidential election.
Persons: Jair Bolsonaro, Luiz Inácio Lula da Silva, Bolsonaro, Lula, Lula’s, Geraldo Alckmin, Alexandre de Moraes, Moraes, Mário Fernandes –, Bolsonaro’s, Flavio Bolsonaro, Organizations: CNN, CNN Brasil, Police, Supreme, Brazilian Locations: Brasilia
BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app. Baidu has promoted its Ernie chatbot as a local alternative to OpenAI's ChatGPT, which isn't available in China. "AI Cloud continued to show healthy and sustainable development in the third quarter," he said in the earnings release.
Persons: Robin Li, Ernie, Baidu, Ernie chatbot, Li, Baidu hasn't, Rong Luo, Apollo Organizations: Baidu, CNBC Locations: BEIJING, U.S, Beijing, China
AdvertisementElon Musk's AI startup, xAI, has been valued at $50 billion, The Wall Street Journal reported. xAI's valuation has doubled since the spring, surpassing the $44 billion Musk paid for Twitter. Elon Musk's AI startup, xAI, has reportedly been valued at $50 billion — $6 billion more than what the billionaire paid to acquire Twitter, the social media platform now known as X. AdvertisementThe new valuation means xAI has surpassed the $44 billion Musk paid for Twitter back in October 2022. xAI previously raised a $6 billion Series B from A16z and Sequoia Capital at a $24 billion post-money valuation.
Persons: Andreessen Horowitz, Elon, xAI, Musk, Sam Altman, OpenAI Organizations: Elon, Street Journal, Twitter, Sequoia Capital, Fidelity, The, Equity Partners, Qatar Investment Authority, Microsoft Locations: A16z
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDevelopment of autonomous vehicle technology will lead to 'one planet, two systems': AnalystMichael Dunne of Dunne Insights says that Trump could follow China's playbook to promote production of autos in the U.S..
Persons: Michael Dunne, Dunne, Trump Locations: U.S
A few months ago, a three-post exchange between Jeff Bezos and Elon Musk on Mr. Musk’s X would have passed for petty sniping between billionaire rivals. “Just learned tonight at Mar-a-Lago that Jeff Bezos was telling everyone that @realDonaldTrump would lose for sure, so they should sell all their Tesla and SpaceX stock,” Mr. Musk wrote Wednesday night, referring to two of his companies. 100% not true,” Mr. Bezos responded on Thursday morning. “Well, then, I stand corrected,” Mr. Musk wrote back, with a laughing-crying emoji. With President-elect Donald J. Trump's history of animosity toward Mr. Bezos, the posts carried an unspoken message about Mr. Musk’s growing power within the incoming administration.
Persons: Jeff Bezos, Elon Musk, Musk’s, , Mr, Musk, Nope, Bezos, Donald J Organizations: SpaceX
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