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AdvertisementNorway wants to stop children under 15 from using social media, proposing one of the world's toughest bans. The Scandinavian nation already restricts social media more than most, with a ban for under-13s. The Norwegian prime minister, Jonas Gahr Støre, told the Norwegian tabloid VG that new regulation would indeed be "an uphill battle." The Norwegian Media Authority in August estimated that 53% of nine-year-olds, 58% of 10-year-olds, and 72% of 11-year-olds use social media. Anglero said it's common for Oslo families to use social media, whether to coordinate children's sports teams or just to chat.
Persons: , Jonas Gahr Støre, Nick Clegg, Meta, Clegg, Elon Musk, Evan Spiegel, Spiegel, Norway's, Andrew Harnik, Kjersti Toppe, Thomas Anglero, Anglero, Lina Ghazal, Ghazal, Anthony Albanese, Toppe Organizations: Service, Social, Facebook, Elon, Norwegian Media Authority, VG, BI, Guardian, Støre Locations: Norway, Norwegian, Oslo, Verifymy, France
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Ripple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner. Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business takes place outside of the U.S., which Garlinghouse said is partly a reflection of the contentious environment in Washington. On Wednesday, Garlinghouse offered a piece of advice to fintech startups in this changing time: "Incorporate outside the United States."
Persons: Brad Garlinghouse, we've, Garlinghouse, … It's Organizations: Milken, Global Conference, Ripple, CNBC, DC, U.S . Securities, Exchange Commission Locations: Beverly Hills , California, U.S, Washington, United States
CNN —Kevin Durant led the Phoenix Suns to a nail-biting 116-113 overtime win to spoil the Los Angeles Clippers’ grand opening of their new arena, the Intuit Dome. But the Suns surged back and Durant tied the game with a fadeaway jumper over two Clippers players with just 21 seconds remaining to force OT. Durant finished with a team-high 25 points to go with seven rebounds, three steals and a block, while Bradley Beal added 24 points. Alex Goodlett/Getty ImagesMorant, one of the NBA’s most electrifying players, showcased all of his scintillating ability in the win. Three Grizzlies players finished with more than 20 points, with the impressive Santi Aldama scoring 27 and Desmond Bane adding 24.
Persons: Kevin Durant, Durant, James Harden, Bradley Beal, Devin Booker, Beal, Kawhi Leonard, Harden’s, Damian Lillard, Giannis Antetokounmpo, Lillard, Adrian Griffin, Doc Rivers, Mitchell Leff, Antetokounmpo, ” Lillard, “ You’ve, You’ve, it’s, Joel Embiid, Paul George, Tyrese Maxey, Ja Morant, Memphis Ja Morant, Morant, Alex Goodlett, Walker Kessler, Morant’s, Santi Aldama, Desmond Bane, Lauri Markkanen Organizations: CNN, Phoenix Suns, Los Angeles Clippers, Intuit, NBA, Clippers, Suns, Washington Wizards, Minnesota Timberwolves, The Clippers, Milwaukee Bucks, Portland Trail Blazers, Milwaukee, Bucks, Philadelphia 76ers, Sixers, Memphis, Memphis Grizzlies, Utah Jazz, Grizzlies, Western Conference, Three Grizzlies, Jazz, Los Angeles Clippers Milwaukee Bucks, Philadelphia 76ers Memphis Grizzlies, Utah Jazz Indiana Pacers, Detroit Pistons Orlando Magic, Miami Heat Cleveland Cavaliers, Toronto Raptors Brooklyn Nets, Atlanta Hawks Charlotte Hornets, Houston Rockets Chicago Bulls, New Orleans Pelicans Golden State Warriors, Portland Trail Locations: West, Wisconsin, Milwaukee, Memphis
Take Los Angeles, where about three-quarters of residential-zoned land in 2021 was zoned exclusively for developing single-family housing. This country needs to build more homes, but there's no reason all those new homes need to look the same. Tokyo has homes in all shapes and sizes: detached single-family homes, attached row houses, small apartment buildings, midsize apartment buildings, and colossal residential high-rises. Allow apartment buildings with one staircase: Making it legal to build more apartment buildings with only one staircase would substantially reduce construction costs and allow for apartment buildings to be built on smaller lots. People who really like single-family homes should still have access to single-family homes.
Persons: , we'll, homebuilders, Stephen Smith Organizations: sameness, Center for, The New York Times Locations: United States, Levittown , New York, Los Angeles, Connecticut, Levittown, Tokyo, American, Japan, North America
Paolo Ardoino, the CEO of Tether, is set to speak Tuesday at the DC Fintech Week conference at Fannie Mae's headquarters in Washington, D.C.Tether is the company behind the largest stablecoin, USDT , which is pegged to the U.S. dollar. It is the third-largest cryptocurrency by market capitalization, according to CoinMarketCap. USDT accounts for about 71% of the market of U.S. dollar-backed stablecoins, with a market cap of about $120 billion, according to CryptoQuant. Tether has faced criticism over a lack of transparency, while USDT has come under fire for its alleged use by criminals. Nevertheless, it remains the most popular and most easily accessible stablecoin due to its ubiquity across global exchanges.
Persons: Paolo Ardoino, USDT, Ardoino's, stablecoins Organizations: DC, Fannie, U.S ., Europe's, CNBC, YouTube Locations: Fannie Mae's, Washington ,, U.S, Crypto
French media and ad groups are calling on Apple to suspend its new "Distraction Control" feature, Business Insider is exclusively reporting. AdvertisementA group of French trade associations representing around 800 companies in the advertising and media sectors has sent an open letter to Apple CEO Tim Cook, calling for the tech giant to suspend the rollout of the iPhone's new "Distraction Control" feature. Distraction Control, which became available with iOS 18 this fall, allows users of the iPhone's Safari browser to hide elements on webpages like images, pop-ups, or ads. The letter urges Apple to suspend the rollout of Distraction Control and to provide technical documentation about its functionalities and any planned updates. AdvertisementAppleInsider later reported Apple had changed the name of the feature from Web Eraser to Distraction Control and updated it to include a popup explaining that it would "not permanently remove ads."
Persons: , Tim Cook, It'll, Apple, doesn't, Pierre Devoize, Alliance Digitale, AppleInsider Organizations: Apple, Service, Business, Europe's, Data, Alliance, de, Presse, Union des Marques, European Commission . Publishers, Safari, News Media Association, Publishers
CNN —Elon Musk is making some big promises while campaigning for former President Donald Trump. Musk and Trump have publicly discussed some kind of government role for the Tesla and SpaceX CEO if Trump wins the presidency. Trump on Fox News last week said Musk may serve as the “Secretary of Cost-Cutting,” a government agency that also doesn’t currently exist. At X, Musk has made significant layoffs, slashing roughly 80% of the company’s staff. At Tesla, Musk has pushed forward ambitiously in deploying “full self-driving” technology, despite multiple accidents and government warnings and investigations.
Persons: CNN — Elon Musk, Donald Trump, Musk, Trump, , ” Musk, , Ron DeSantis, Tesla, FSD Organizations: CNN, Trump, Tesla, SpaceX, Department of Government, Fox News, UAW, Florida Gov, Fidelity, Traffic Safety Administration, Wall Street, X, Twitter Locations: Trump, Pittsburgh, California, Texas
CNN —The Federal Aviation Administration has published new rules that it calls “the final piece of the puzzle” toward allowing half-helicopter, half-airplane, electric “air taxis” to start whizzing through the skies. “For the last 80 years, we’ve had two types – rotor and fixed wing,” Whitaker said. “We now have a third type.”Known as electric vertical takeoff and landing aircraft, or eVTOLs, the FAA now recognizes the designs as falling under its newly created powered lift category. Joby hopes to bring its aircraft to market by 2025, but it has yet to be certified by the FAA to carry paying passengers. “Delivering the rules ahead of schedule is testament to the dedication, coordination and hard work of the rulemaking team.”
Persons: , Mike Whitaker, we’ve, ” Whitaker, Joby, , Joby’s Organizations: CNN, Federal Aviation Administration, FAA, National Business Aviation Association, Joby Aviation Locations: Las Vegas, California, U.S
Here are some of the ways Bank of America analysts think the upcoming election results could affect the stock market. Harris presidency, split government A victory for Democratic candidate Kamala Harris in the White House, plus a Republican-controlled Congress, could be "the best outcome" for online media companies, according to Bank of America analyst Justin Post. He noted that Harris is likely to enforce a potential ban on TikTok — which could boost Meta Platforms and Snapchat . Trump president, split government A win for Republican candidate Donald Trump and a split government would be the best-case scenario for bank stocks, per analyst Ebrahim Poonawala. On the other hand, a Trump presidency would be viewed positively by gig-economy companies, including Uber and Lyft, according to analyst Post.
Persons: , Harris, Kamala Harris, Justin Post, Lorraine Hutchinson, Donald Trump's, , Athletica, Joanna Gajuk, Gajuk, Jessica Reif Ehrlich, Ehrlich, Jason Kupferberg, Kupferberg, Dick Durbin's, Donald Trump, Ebrahim Poonawala, Poonawala, Republicans —, Dimple, Trump, Uber, Craig Siegenthaler, Siegenthaler, Rafe Jadrosich, Trump's, — CNBC's Michael Bloom Organizations: White, Bank of America, of America, Democratic, Republican, Democrat, Department of Justice, Eagle Outfitters, Urban Outfitters ., Health, Tenet Healthcare, Universal Health Services, Democrats, Agilon, Humana, Big Tech, House, Trump, Republicans, Oscar Health, Centene, GOP, Securities, Exchange, Entertainment, Packaging Corporation of America, American Eagle Outfitters Locations: Hutchinson, U.S, China, Washington
Inside one of Equinix's internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Measures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage of review, a U.S. government update showed. Under this set of rules, the Treasury Department will require notification of outbound investments into China in sensitive technologies including artificial intelligence, semiconductors, microelectronics and quantum computing that can be employed for developing military capabilities. The final rules will likely be released within the "next week or so," according to Reuters. In June last year, U.S. Treasury Department released proposals that include potential outright bans on certain investments into China in these cutting-edge technologies.
Persons: Joe Biden, Laura Black, Organizations: Equinix Data, Treasury Department, Reuters, U.S . Treasury Department, Former Treasury, — Reuters, Treasury Locations: Ashburn , Virginia, China, U.S
The New York Liberty won their first championship in franchise history Sunday, defeating the Minnesota Lynx 67-62 in an overtime thriller to win the series in five games. The Liberty entered the 2024 WNBA Finals as the lone original WNBA franchise without a championship, losing in their previous five finals appearances. The Liberty won the final period seven to two. The series began with a shocking win by Minnesota, which won Game 1 95-93 in overtime on the road. The Liberty rebounded with a comfortable 80-66 win in Game 2, before Ionescu’s deep three capped off another nail-biter in Game 3.
Persons: Breanna Stewart, Stewart, Jonquel Jones, Leonie Fiebich, Nyara, Sabrina Ionescu, Ionescu, Jones, Sabally, , Napheesa Collier, Collier Organizations: New York Liberty, Minnesota Lynx, Liberty, WNBA, New, Las Vegas Aces, Lynx, Minnesota, York, Aces, New York Locations: New York, York, Minnesota
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Bitcoin at 3-month high as Trump odds drive currencies
  + stars: | 2024-10-21 | by ( ) www.cnbc.com   time to read: +3 min
Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Bitcoin got a lift from Trump's improving prospects since his administration is seen as taking a softer line on cryptocurrency regulation. The clearest way to express the Trump tariff risk was to be long dollars versus the euro, Swiss franc and Mexican peso , he said. Brad Bechtel, global head of FX at Jefferies, also noted that rising real interest rates were helping the dollar along, particularly against those three currencies. "We expect this trend to continue straight into the election and if Trump wins, likely well after the election as well," Bechtel wrote.
Persons: Cryptocurrency bitcoin, Donald Trump, Bitcoin, Chris Weston, Pepperstone, Weston, Brad Bechtel, Bechtel Organizations: U.S, Trump, China, BTC, Swiss, FX, Jefferies Locations: Asia, U.S
A DJI Inspire 1 Pro drone is flown during a demonstration at the SZ DJI Technology Co. headquarters in Shenzhen, China, on Wednesday, April 20, 2016. China has unveiled a set of export control regulations for so-called dual-use items, which refer to goods or technologies that can be used for civilian as well as military purposes, ahead of President Xi Jinping's trip to Russia. The regulations come amid intensified U.S. sanctions targeting Chinese companies which the U.S. deems have been supplying dual-use goods, such as drones, to aid Russia's war effort in Ukraine. China has attempted to show that "it is following similar norms as other nations in terms of how it regulates trade in dual-use goods," he added. Alicia Garcia-Herrero, chief economist for Asia-Pacific at Natixis, however, suggested that Russia will likely be exempted from the possible export controls.
Persons: Xi, Mao Ning, Benjamin Cavender, Alicia Garcia, Herrero, Alex Capri Organizations: SZ, Technology, State, China Market Research Group, National University of Singapore Locations: Shenzhen, China, Russia, Ukraine, Russian, Kazan, Washington, Asia, Natixis
The vast majority of Europeans support the use of artificial intelligence for police and military operations, according to a new report by Madrid's IE University shared with CNBC. "European Tech Insights," which measured the attitudes of over 3,000 people in Europe, found that 75% support the use of AI technologies such as facial recognition and biometric data by the police and military for surveillance purposes. The extent of the support is perhaps surprising, as Europe holds some of the strictest data privacy regulations in the world. The level of support for the use of AI in public service tasks, such as traffic optimization, was even higher, according to the report, coming in at 79%. However, when it comes to sensitive matters, like parole decisions, most Europeans (64%) oppose the use of AI.
Persons: Ikhlaq Sidhu Organizations: Madrid's IE, CNBC, Tech, European Union, Data, of Science, Technology Locations: Europe
But when Suzuki started visualizing her dream self and following the habits she imagined she would have, she lost 40 pounds sustainably. Growing up, Suzuki, a YouTuber based in New York, was overweight and wasn't taught healthy eating habits, which made her feel different. As she observed people who had healthy habits, she noticed that they tended to be active simply because they enjoyed it. She didn't restrict herself but didn't eat more than she neededIn Suzuki's childhood home, there was a scarcity mentality in relation to food, she said. She knew there would be times she didn't feel motivated but she just kept focusing on her goal until it became a habit.
Persons: Mae Suzuki, Steve Jobs, Suzuki, , Michael Phelps, wasn't, who's, Maz Suzuki Organizations: Service, for Disease Control Locations: New York
At least four large YouTube channels devoted to firearms have announced they’re quitting the platform and moving to rival services with looser rules. YouTube, which is owned by Google, has for years imposed rules on gun videos. YouTube says gun videos are only one part of its enormous app. Responsible firearms content is just one part of this vibrant mix of communities,” the company said in a statement. A successful YouTube gun channel can make hundreds of thousands of dollars a year in ad revenue and sponsorships, Bloomberg News reported this year.
Persons: they’re, they’ve, ” Jon Patton, ” Patton, it’s, Attorney Alvin Bragg, Donald Trump, Matt Carriker, Carriker, YouTube’s, , , hasn’t, Alexander Reville, podcasters, “ You’ve, we’re, Guns.com, Joel Persinger, Chris Mijic, Persinger, “ GunTubers, ” Justin Wagner, Nick Fuentes, John Kinman, Greg, Greg Kinman, YouTube ”, we’ve Organizations: YouTube, Google, Bloomberg News, Gun Safety, Attorney, Trump, Firearms, NBC News, Safety Locations: Manhattan, California, Pennsylvania
Elba, whose parents hail from Sierra Leone and Ghana, is on a mission to transform the entertainment industry in Africa. Elba aims to build film studios across Africa, starting in Zanzibar, the Tanzanian semi-autonomous island renowned for its white sand beaches. “Much of the imagery about Africa isn’t even generated from Africa,” Elba told CNN at the Stellar Development Foundation’s Meridian conference in London this week. Global players like Netflix and Disney have already made sizable investments in Kenya, South Africa and Nigeria. Still, many governments in emerging economies have yet to recognize the economic potential of the creative sector, Elba said.
Persons: New York CNN — Idris Elba, “ Luther, , Elba, Samia Suluhu Hassan, “ Idris Elba, Shariff Ali Shariff, ” Elba, Goldman Sachs Organizations: New, New York CNN, Economic, Investment, CNN, Development Foundation’s Meridian, UNESCO, Global, Netflix, Disney, Economic Research, South Locations: New York, Hollywood, London, Elba, Sierra Leone, Ghana, Africa, Zanzibar, Tanzanian, Davos, NIgeria, Kenya, South Africa, Nigeria, Tanzania, South Korea, Busan
First, higher interest rates will reward savers, making it more expensive to take risks. And with interest rates so low, companies could suddenly load up on debt: From 2007 to 2017, global nonfinancial corporate debt doubled, to $66 trillion. Now, with the arrival of a new supercycle, money managers are once again being forced to adapt to a changing set of economic realities. Normally, when the Fed hikes interest rates rapidly, the stock market tanks. Rising interest rates will make loans more expensive, forcing businesses to make more-thoughtful decisions about debt.
Persons: Josh Hirt, Silas Myers, Myers, Hirt, you've, Joe Quinlan, they'll, Quinlan Organizations: Investors, Vanguard, Mar Vista Investments, Federal Reserve, Capital, . Venture, Nasdaq, Bank of America, Big Tech, Federal Trade Commission, Treasury, European Union, Aerospace Locations: Washington, China, Unemployment, Europe, America, Japan, United States
U.S. Rep. John Curtis speaks during the Utah Senate primary debate for Republican contenders battling to win the seat of retiring U.S. Sen. Mitt Romney, June 10, 2024, in Salt Lake City. SALT LAKE CITY — John Curtis, a Republican congressman from Utah, has become a favorite of the crypto industry in his bid to win the Senate seat held by the departing Mitt Romney. "They looked at me like I was from another planet," Curtis told the crowd at the Permissionless conference. Curtis, 64, said he realized then that lawmakers needed to be smarter about regulations and actually understand the user experience. Additionally, the PAC spent more than $1.5 million to oppose Curtis' Republican primary challenger, Trent Staggs.
Persons: John Curtis, Sen, Mitt Romney, Curtis, they'd, Caroline Gleich, James Delmore, Trent Staggs Organizations: Rep, Utah Senate, U.S, CITY, Republican, Democratic, American Jobs PAC, CNBC Locations: Utah, Salt Lake City, Provo
It isn't an accident that people who want to cancel a subscription often have to navigate a web of bureaucracy and confusion. "Actual affirmative consent from a consumer," Witte said, would establish trust between the consumer and the company, boosting loyalty. Along with litigation from the CFPB, state attorneys general have pursued legal action against big companies over hard-to-cancel subscriptions. Last year, Letitia James, New York's attorney general, sued SiriusXM over claims that the radio company trapped customers in subscriptions and maintained a complicated and burdensome cancellation process. AdvertisementIndustries have mastered techniques to maximize their profits by crafting their business models in confusing ways that can lure customers into a subscription without realizing it.
Persons: Doug Mattison, Mattison, , he'd, I've, Florencia Marotta, Wurgler, Erin Witte, Witte, you've, TransUnion, Cuban, hadn't, it's, Rachel VonSiebenhoven, VonSiebenhoven, I'm, we've, Letitia James, SiriusXM Organizations: Federal Trade Commission, New York University, Consumer Federation of America, Consumer Financial, Bureau, Association of National, FTC, Cuban, Companies, Industries Locations: Ohio, Colorado, New
CNN —The Minnesota Lynx defeated the New York Liberty 82-80 in Game 4 of the WNBA Finals to force a winner-takes-all decider on Sunday. The packed crowd at the Target Center in Minneapolis almost had their hearts broken in a consecutive Finals game. Afterall, Ionescu had won the game on Wednesday, hitting a long, tiebreaking three at the end of the game. Liberty center Jonquel Jones (No. Minnesota can win a record-breaking fifth WNBA championship, while the Liberty seek the franchise’s first title in franchise history.
Persons: Sabrina Ionescu, Ionescu, Minnesota’s Kayla McBride, don’t, Courtney Vandersloot, Courtney Williams, McBride, Bridget Carleton, Breanna Stewart, Jonquel Jones, David Berding, 0yt59ZhDrx, “ It’s, , “ Everybody’s, We’re Organizations: CNN, Minnesota Lynx, New York Liberty, WNBA, Target Center, Lynx, Liberty, Barclays Center Locations: Minneapolis, Brooklyn , NY, Minnesota
CNN —Moving from Tehran to the more northerly lakeside city of Rasht aged 13, Khashayar Javanmardi’s youth was punctuated by weekends and extended holidays on the Iranian coastline of the Caspian Sea. “As an artist, I’ve always wanted to be an honest witness.”Locals call it the lake "Mother Caspian." Khashayar Javanmardi 2024 courtesy Loose JointsThe book oscillates between landscapes, portraits and the quiet scenes that fit somewhere in the middle. Khashayar Javanmardi 2024 courtesy Loose Joints“A question that I asked people was, ‘what is the role of the Caspian in your life?’,” said Javanmardi, who began working on the project at Iran’s Anzali Lagoon. Khashayar Javanmardi 2024 courtesy Loose JointsDespite the recklessness of higher political powers, during his travels Javanmardi found a sense of community in the people he met.
Persons: Khashayar, reminisced, Javanmardi, , I’ve, Nathalie Herschdorfer, Caspian, , , , ” Javanmardi, “ I’ve, Organizations: CNN, UN, Elysée Museum, Environment Department Locations: Tehran, Rasht, Europe, Asia, Iran, Russia, Azerbaijan, Kazakhstan, Turkmenistan, Lausanne, Switzerland, Ukraine, Kiashahr Port
The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.
Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza
Meta is ramping up its efforts to fight sextortion on Instagram with the launch of new features that are designed to help prevent young users from getting blackmailed into sharing nude photos. Starting Thursday, Instagram will automatically block follow requests sent to teenage users from accounts that display certain “scammy behaviors,” according to Meta. At a Senate online child safety hearing in January, Meta CEO Mark Zuckerberg apologized to parents who said Instagram contributed to their children’s suicides or exploitation. Last month, Meta announced it will begin automatically placing all users under 18 into “teen accounts” with stricter privacy settings. “If they really want to promote meaningful change and online safety for kids and teens, they can stop opposing federal solutions like the Kids Online Safety Act,” Hinkle said.
Persons: sextortion, Instagram, Antigone Davis, Meta’s, , we’ve, , Mark Zuckerberg, Haley Hinkle, , ” Hinkle, they’re, Davis, Hinkle Organizations: Meta, FBI, NBC News, Kids, Senate Locations: Fairplay, United States, Canada, United Kingdom, Australia
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