NEW YORK—A man who has claimed for years that Google was torturing users with flashing lights crashed a car into a building near the company’s New York City headquarters, injuring three pedestrians, authorities said. The man, 34, drove onto the sidewalk and crashed his Ford Fusion into a building on West 15th Street and 10th…
3 Hurt When Google Critic Crashes Car Into Building Near Company’s NYC Headquarters, Police Say
June 21, 2023
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Stock Market Today: Drops for Tech Stocks Sap More Momentum From Wall Street’s Rally
NEW YORK—Drops for technology stocks left Wall Street mixed Wednesday and sapped more momentum from its five-week rally. The S&P 500 fell 23.02, or 0.5 percent, to 4,365.69. It was a third straight pullback for the index after it rallied last week to its highest level in more than a year. Weakness for high-growth stocks…
FTC Sues Amazon for ‘Sabotaging’ Customer Attempts to Quit Prime Service
The Federal Trade Commission (FTC) has taken legal action against Amazon for allegedly enrolling customers in its Prime program without their consent and then devising an elaborate scheme to prevent them from unsubscribing. The consumer protection agency made the allegations in a lawsuit (pdf) filed on June 21 at the U.S. District Court, Western District…
How Major US Stock Indexes Fared June 21
Tech stocks fell Wednesday, keeping Wall Street mixed and sapping more momentum from its five-week rally. The S&P 500 closed 0.5 percent lower Wednesday, its third straight pullback after rallying last week to its highest level in more than a year. The Nasdaq composite fell 1.2 percent, more than the rest of the market. The…
UK Returns to Coal Power After Solar Panels Fail in Hot Weather
June 21, 2023
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Business & Marketscoal power plantseconomic policieseconomyenergyheatwavenet-zero emissionsSolar powerUKUnited KingdomWorld
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The United Kingdom has resorted to restarting a coal-fired power plant to meet demand for air conditioning after the nation was hit by a major heatwave. Temperatures in Britain hit 86 degrees Fahrenheit two weekends ago for the first time this year, pushing up demand for power as households and businesses faced unusually brutal heat….
China Retreats From Southeast Asia
June 21, 2023
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Business & MarketsBusiness ColumnistsChinaeconomyevergrandeOpinionSoutheast AsiaThinking About China
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Commentary In yet another sign of China’s economic and financial troubles, Beijing has dramatically diminished its financial presence in Southeast Asia. Once preeminent, China finds itself today eclipsed by others. If Xi Jinping and his colleagues in Beijing still dream of global dominance, it must look further away than ever as China retreats from its…
Texas Requires State Charging Stations to Include Tesla’s Plug in Another Victory for Musk
June 21, 2023
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Business & Marketscharging stationsCompanieseconomic policieseconomyElectric VehiclesenergyInvestmentMarketsPolicies & ImpactsRegional & State NewsState NewsteslaTexasUSUS News
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Tesla won a contract with the state of Texas among a series of victories that will likely pave the way in making the electric vehicle (EV) maker’s charging technology the dominant standard for powering electric vehicles in the United States. Texas announced on June 20 that it would require EV charging companies to include both…
Consumer Groups Call on Washington and Brussels to Regulate AI Tech
June 21, 2023
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AI regulationsartificial intelligenceBusiness & MarketsCompaniescongressDeepfakeseconomic policiesEuropeExecutive BranchGenerative AIMedia & Big TechNational SecurityPolicies & ImpactsPoliticsprivacyTechUSWorld
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A coalition of consumer advocacy groups in the European Union and the United States called on their governments to develop regulations for generative artificial intelligence (AI) technology. These groups are concerned about AI tech that power tools like ChatGPT are developing so quickly that consumers’ rights may be grievously harmed if state regulators fail to get involved….
The ‘Great Resignation’ Continues as Workers Look to Change Jobs: Survey
The “Great Resignation” looks to continue as a quarter of workers expect to change jobs in the next 12 months, up from 19 percent last year, according to a new global survey by PwC. The Great Resignation is a term coined in 2021 to describe the record number of people changing jobs or leaving the…
Bud Light Sales Take Steepest Hit yet Since Dylan Mulvaney Promotion
Bud Light saw its worst sales drop since the brand launched a marketing promotion with transgender influencer Dylvan Mulvaney, according to recent industry data. For the week ending June 10, sales of Bud Light dropped by 26.8 percent, data from Bump Williams Consulting and NielsenIQ show, according to the New York Post. A week prior to…
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