New York attorney general Letitia James announced that low-income consumers who had been “tricked” by the financial software firm Intuit into paying for free tax services will be receiving millions in dollars as a settlement. The case revolves around Intuit’s TurboTax tax-preparation software. The $141 million multistate settlement with Intuit was announced last year. The…
Google Is Rolling Out Password-Killing Technology to All Its Accounts
Google this week said it is rolling out an update for its users that it describes as “the beginning of the end of the password.” Known as “passkeys,” the tech giant wrote that “passkeys for Google Accounts are available” starting this week. Google also suggested that passwords may eventually be phased out for its products,…
AI Chatbot Could Become Real Threat If Controlled by Oppressive Power: Cybersecurity Expert
May 5, 2023
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AIBusiness & MarketsChatGTPChina NewsCompaniesGeoffrey HintonMedia & Big TechTechTech NewstechnologyUSUS NewsUS-China relations
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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…
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…
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,…
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 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 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,…
‘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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