AI chatbot, such as ChatGPT, could become a real threat if it is controlled by an oppressive power like China and Russia, according to Rex Lee, a cybersecurity adviser at My Smart Privacy. He pointed to the recent remark of British computer scientist Geoffrey Hinton, the “Godfather of AI,” who recently left his position as…
AI Chatbot Could Become Real Threat If Controlled by Oppressive Power: Cybersecurity Expert
May 5, 2023
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Ford Posts $1.76 Billion 1Q Profit Largely on Gas-Powered Vehicles
Ford Motor Co. on Tuesday reported profits of $1.76 billion in the first quarter of 2023 that topped Wall Streets expectations, as the automaker’s fleet and legacy operations outweighed growing losses in electric vehicles. Revenue rose 20 percent year-over-year to $41.5 billion for the quarter on a 9 percent increase in vehicle shipments over the…
Short Selling Comes Under Fire Amid Bank Turmoil
U.S. bankers want federal regulators to investigate the short-selling of financial institutions as regional banks get clobbered in the stock market. The American Bankers Association (ABA) penned a May 4 letter to Securities and Exchange Commission (SEC) chair Gary Gensler, requesting that the regulatory body probe the substantial short sales of bank stocks that the…
Fox Sends Cease-and-Desist Letter to Media Matters Over Publicizing Leaked Tucker Carlson Footage
Fox Corporation, the parent company of Fox News, has sent a cease-and-desist letter to Media Matters for America (MMFA) over the left-wing media watchdog publicizing leaked footage of former Fox News anchor Tucker Carlson. Carlson and Fox News parted ways on April 24. In a May 5 letter to MMFA President and CEO Angelo Carusone,…
Fox Sends Cease-and-Desist Letter to Media Matters Over Leaked Tucker Carlson Footage
Fox Corporation, the parent company of Fox News, has sent a cease-and-desist letter to Media Matters for America (MMFA) over the left-wing media watchdog publicizing leaked footage of former Fox News anchor Tucker Carlson. Carlson and Fox News parted ways on April 24. In a May 5 letter to MMFA President and CEO Angelo Carusone,…
April Jobs Prints at 253,000, but With 149,000 Downward Revisions
May 5, 2023
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Business & MarketsBusiness Columnistseconomic policieseconomyemploymentFederal ReserveGDPrecessionUncategorizedUSUS News
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New jobs created printed at 253,000 on May 5, according to the Establishment Survey, well above market expectations of 180,000 jobs. Net revisions were down 149,000 jobs from February and March. That makes the average three-month creation of 222,000 jobs. The Household Survey, which is compiled from different data, showed 139,000 people were newly employed. Both…
ANALYSIS: Why Short Sellers are Winning Big on Bets Against Bank Shares
May 5, 2023
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Business & MarketsCompaniesFDICFirst Republic BankMarketsPacWestpersonal financeSilicon Valley BankstocksWestern Alliance Bancorp
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News analysis Regulators seized First Republic Bank on May 1 and sold off its assets to JPMorgan Chase, wiping out the bank’s shareholders and making First Republic the third U.S. regional bank to fail this year. But while depositors have been made whole and bank stockholders suffer sudden, catastrophic losses, short sellers in bank shares…
Geraldo Rivera’s Appearances on Fox News Show Abruptly Canceled
Fox News host Geraldo Rivera said that all his appearances on “The Five” have been canceled for this week with no explanation why. “My appearances today and tomorrow on The Five have been canceled. I’m sure there’s a good reason. Never fear, I’ll be back week after next. Stay safe and happy. Thanks,” Rivera wrote,…
Geraldo Rivera’s Appearances on Fox News Abruptly Canceled
Fox News host Geraldo Rivera said that all his appearances on “The Five” have been canceled for this week with no explanation why. “My appearances today and tomorrow on The Five have been canceled. I’m sure there’s a good reason. Never fear, I’ll be back week after next. Stay safe and happy. Thanks,” Rivera wrote,…
‘They Deceived Me’: Agency Warns Americans Against Using Medical Credit Cards
The Consumer Financial Protection Bureau (CFPB) has issued a report detailing the risks faced by Americans who take on medical credit cards and financing plans, with some patients being signed up for such programs without consent. People turn to medical credit cards or loans provided by their healthcare provider to meet surprise medical expenses in…
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