TOKYO—Global shares were trading mixed Friday ahead of a closely watched U.S. jobs report that may affect global interest rates. France’s CAC 40 lost 0.7 percent in early trading to 7,116.31, while Germany’s DAX dipped 0.9 percent to 15,362.64. Britain’s FTSE 100 added 0.2 percent to 7,832.20. U.S. shares were set to drift lower with…
Global Shares Trade Mixed Ahead of US Jobs Report
February 3, 2023
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Microsoft Rolls out Chatgpt-Powered Teams Premium
Microsoft Corp. on Wednesday rolled out a premium Teams messaging offering powered by ChatGPT to simplify meetings using the AI chatbot that has taken Silicon Valley by a storm. The premium service will cost $7 per month in June before increasing to $10 in July, Microsoft said. OpenAI-owned ChatGPT will generate automatic meeting notes, recommend…
Democrat Lawmakers Demand IRS Answer Key Tax Questions on Data Sharing
Members of Congress are demanding the Internal Revenue Service (IRS) investigate tax preparation software companies for allegedly sharing taxpayer information with Facebook. Several news outlets, including The Markup, reported in November 2022 that several services, including H&R Block, TaxAct, and TaxSlayer, sent personal and financial information to Facebook after users filed their taxes. That included filers’…
Judge Bars Sam Bankman-Fried From Contacting FTX Employees
February 2, 2023
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Business & MarketsCompaniescryptocurrencyFTXJudiciaryMarketsMedia & Big TechSam Bankman-FriedUSUS News
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A New York judge on Feb. 1 granted a request from the Department of Justice to block Sam Bankman-Fried from attempting to contact both current and former employees of the failed cryptocurrency exchange FTX. U.S. District Court Judge Lewis Kaplan also ruled that the block applies to current and former employees of FTX’s sister hedge fund,…
Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales
Meta Platforms Inc.’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the “Year of Efficiency.” The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its…
Apple and Google Asked to Ban TikTok From App Stores
February 2, 2023
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appleBig Tech, Censorship, and SocialismBusiness & MarketsChinaChina Business & EconomyCompaniescongressDemocratsFeatured TopicsGoogleInfiltrating the WestMedia & Big TechNational SecurityPoliticsSpecial TopicstechnologyTikTokUSUS NewsUS-China relations
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Sen. Michael Bennet (D-Colo.) has called on Apple and Google to remove TikTok from their respective app stores, arguing that no company subject to “dictates” by the Chinese Communist Party (CCP) should be allowed such broad access to American audiences or harvest their data. Bennet made the appeal in a Feb. 1 letter to Google…
Sen. Bennet Asks Apple and Google to Ban TikTok From App Stores
February 2, 2023
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appleBig Tech, Censorship, and SocialismBusiness & MarketsChinaChina Business & EconomyCompaniescongressDemocratsFeatured TopicsGoogleInfiltrating the WestMedia & Big TechNational SecurityPoliticsSpecial TopicstechnologyTikTokUSUS NewsUS-China relations
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Sen. Michael Bennet (D-Colo.) has called on Apple and Google to remove TikTok from their respective app stores, arguing that no company subject to “dictates” by the Chinese Communist Party (CCP) should be allowed such broad access to American audiences or harvest their data. Bennet made the appeal in a Feb. 1 letter to Google…
‘Dr. Phil’ Talk Show to End After 21 Seasons on Air
The long-running daytime talk show “Dr. Phil” is coming to an end after 21 seasons on the air, distributor CBS Media Ventures announced on Jan. 31. In a joint statement with CBS Media Ventures, the show’s host since 2022, Dr. Phil McGraw, said he made the decision to stop making new episodes, citing his plans to embark on…
DeSantis Says Congress Must Investigate DirecTV for Dropping Newsmax
February 1, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniescongressDonald TrumpFeatured TopicsKevin McCarthyMedia & Big TechNewsmaxPoliticsRepublicansron desantisUSUS News
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Florida Gov. Ron DeSantis said that Congress should investigate AT&T-owned DirecTV over its decision to drop conservative channel Newsmax. “I think there should be no ideological litmus test when you have these big companies that have the decision to make or break a news network, or any type of network,” DeSantis said on Jan. 31. “They…
Biden Administration Wants Credit Card Late Fees Slashed to $8
February 1, 2023
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The Biden administration wants credit card late fees to be slashed to $8 and for Apple and Google to reduce the amount they charge on their mobile app stores. White House officials stated that this is part of a larger policy effort to promote competition in consumer markets. President Joe Biden’s Competition Council announced on…
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