Tag: Media & Big Tech

Mainstream Media Has Abandoned the American Working Class: Newsweek Editor

November 3, 2021
Batya Ungar-SargonBusiness & Economymainstream mediaMedia & Big TechPoliticsSocial IssuesUSUS News
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Police and health care workers, who were deemed heroes last year for working through the pandemic, now face being fired from their job if they don’t get vaccinated against COVID-19. Why are corporate media not giving them any gratitude, but instead “sneering or even rage?” According to Batya Ungar-Sargon, that’s because the mainstream media has…

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Facebook to Shut Down Facial Recognition System, Delete Data of 1 Billion Users

November 2, 2021
Business & EconomyCompaniesFacebookfacial recognitionMedia & Big TechSocial IssuesSocial MediaTechTech NewsUSUS News
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Facebook Inc. on Tuesday announced it is shutting down its facial recognition system that identifies users in videos and photos, while claiming it will delete “facial recognition templates” of more than 1 billion people. “Regulators are still in the process of providing a clear set of rules governing its use,” Jerome Pesenti, vice president of…

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Sega, Microsoft Explore Cloud Gaming Alliance

November 2, 2021
allianceAsia & PacificBusiness & EconomyCloudCompaniesgamingMarketsMedia & Big TechmicrosoftSegaTechTech NewsUSUS NewsWorld
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TOKYO—Sega Sammy Holdings on Monday said it is exploring a strategic alliance with Microsoft to develop big budget titles using the Xbox maker’s cloud gaming tech, driving anticipation the move could signal a deeper tie-up. Tokyo-based Sega is exploring making titles with global reach on Microsoft’s Azure cloud platform, it said in a stock exchange…

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Trust in the US Media Is in Free Fall: Poll

November 2, 2021
Business & EconomyCNNCompaniesfake newsFox NewsMedia & Big Techmedia trustPoliticsUSUS News
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Trust in media, whether it be traditional or alternate, has declined considerably over the years across all political spheres, according to a recent poll by I&I/TIPP Insights. To understand the current stance regarding mainstream media, the poll asked, “Generally speaking, how much trust do you have in the traditional or established news media (Example: Washington…

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Futures Slip on Fed Angst; Tesla Slides After Record Run

November 2, 2021
AngstBusiness & EconomyCompaniesEconomieseconomyFedfuturesInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsSlidesteslaUSUS News
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U.S. stock index futures slipped on Tuesday, pointing to a slight easing from record highs for Wall Street indexes as investors took to caution ahead of the Federal Reserve’s widely expected move to start tapering its monthly bond purchases. Major Wall Street lenders Bank of America Corp., Wells Fargo & Co., Goldman Sachs, Citigroup, and…

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Strong Tech Support Could Help Sell Congress on Global Tax Rules: Yellen

November 1, 2021
Business & EconomyCompaniescongressEconomieseconomyEuropeExecutive BranchglobalInternationalIrelandJanet YellenMedia & Big TechPoliticstaxTechUSUS NewsWorld
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DUBLIN—U.S. Treasury Secretary Janet Yellen said she expected U.S. tech giants to broadly support the reallocation of taxing rights agreed to by nearly 140 countries as part of a broader deal on global taxes, saying the impact on U.S. companies should be minor. Yellen told Reuters on Sunday the support of the big global players…

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S&P 500, Nasdaq Open at Record High in a Big Week for Federal Reserve

November 1, 2021
Business & EconomyCompaniesEconomieseconomyFederal ReserveHighInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsRECORDRegional-Local NewsUSUS News
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The S&P 500 and the Nasdaq indexes opened at record highs on Monday, led by gains in Tesla and energy stocks at the start of a week packed with economic data as well as the Federal Reserve’s potential move to slow down bond purchases. The Dow Jones Industrial Average rose 14.09 points, or 0.04 percent,…

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Wall Street Mixed Ahead of Federal Reserve’s Policy Meet

November 1, 2021
Business & EconomyCompaniesEconomieseconomyFederal ReserveHighInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsPolicyRegional-Local NewsUSUS NewsWall Street
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U.S. stock indexes eased from intraday record highs on Monday, dragged down by Microsoft and other mega-cap technology stocks, while data showed U.S. manufacturing activity slowed in October amid supply chain disruptions. All the major indexes had scaled new peaks earlier in the session, with the blue-chip Dow hitting 36,000 points for the first time….

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Amazon Workers in Germany to Strike for Better Pay

November 1, 2021
AmazonBusiness & EconomyCompaniesDistrict of ColumbiaEconomiesEuropeGermanyLocal NewsMedia & Big TechpayRegional-Local NewsstrikeUSWorld
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BERLIN—Workers at some Amazon warehouses in Germany began strike action on Monday, services sector union Verdi said, as part of a long-running battle with the U.S. tech giant over better pay and working conditions. Germany is Amazon’s biggest market after the United States, and Verdi, a leading services sector union, has been organising strikes on…

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Wall Street Rally, Japan Election Drive Asian Shares Higher

November 1, 2021
Asia & PacificasianBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyelectionHK BusinessHong KongInternationalInvestmentJapanLocal NewsMarketsMedia & Big TechNew YorkRegional-Local NewsSharesTexasUSUS NewsWall StreetWorld
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Stocks advanced in Asia on Monday, with Tokyo’s benchmark up 2.2 percent after the ruling Liberal Democrats won a stronger than expected majority in an election Sunday. Shares rose in all regional markets except Hong Kong. The regional gains followed further milestones on Wall Street, where the three major indexes set records. The S&P 500…

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