Tiktok Ceo Shou Zi Chew Promises Firewall to Shield User Data
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TikTok users sue over new law that could lead to ban
Eight TikTok users said that the new law signed by President Biden violates their First Amendment rights.CBS News - Politics - Tiktok -
Are CEOs Sitting This Election Out?
Unpacking the reasons why entrepreneurs seem more hesitant than ever to weigh in on this election.Inc. - Business -
Sony to Adopt Dual-CEO Structure for Videogame Unit
The company said it would adopt a new leadership structure for its Sony Interactive Entertainment unit overseeing PlayStation, with two separate chief executives.The Wall Street Journal - Business -
Who is Salim Ramji, the new Vanguard CEO?
Vanguard Group on Tuesday appointed BlackRock Inc. veteran Salim Ramji as its new chief executive, a move that will give the asset-management giant a leader with years of experience in wealth advisory and management who is known for his efforts to ...MarketWatch - Business -
Vanguard Names Former BlackRock Executive as CEO
Salim Ramji led BlackRock’s ETF business and left in January.The Wall Street Journal - World -
Justice Department says Boeing breached 2021 agreement that shielded it from criminal charges over 737 Max crashes
The Justice Department said Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges over the two fatal 737 Max crashes.CNBC - Business -
Boeing breached '21 deal that shielded it from criminal charges over 737 Max crashes, DOJ says
Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges tied to the fatal 737 Max crashes, the Department of Justice said Tuesday.NBC News - Top stories -
Stocks Mixed After Producer-Price Data
U.S. stocks were mixed in recent trading as investors digested wholesale-inflation data and awaited a reading on consumer prices, due Wednesday .The Wall Street Journal - World - Stock Market -
SPDR Gold Rises on Fresh Inflation Data
Gold settled 0.7% higher after U.S. inflation data came in hotter than expected.The Wall Street Journal - World -
Nasdaq Hits Record High Ahead of CPI Data
Meme stocks GameStop and AMC Entertainment surged.The Wall Street Journal - World -
U.S. Dollar Falls as Market Awaits CPI Data
The big issue for the U.S. inflation outlook is if producers manage to pass rising costs on to consumers, Brown Brothers Harriman said ahead of the April CPI data release.The Wall Street Journal - World -
Government set to release new inflation data
New inflation data is set to be released Wednesday, and the numbers could influence what happens to interest rates. CBS News business analyst Jill Schlesinger explains.CBS News - Top stories -
Amazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday.NBC News - Top stories - Amazon -
Amazon’s AWS business is getting a new CEO, and the stock is dipping
Matt Garman, a sales and marketing leader for AWS, will succeed Adam Selipsky.MarketWatch - Business -
Amazon Web Services CEO Adam Selipsky to step down
The departure of Adam Selipsky, CEO of Amazon's cloud computing business, is the latest high-profile executive exit from the company led by Andy Jassy.CNBC - Business - Amazon -
It's no surprise to see Amazon shares lower after cloud CEO shakeup
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
Sony Names Two PlayStation CEOs, Says PS5 Growth Is Likely Over
The PS5 might be outselling its chief competitor, but it seems that its overall sales have slowed in recent months. In a recent financial report, Sony said that PS5 sales are down 29% year-over-year in the last fiscal quarter, and it further ...GameSpot - Tech - Playstation -
Vanguard chooses former BlackRock executive Salim Ramji as CEO
The first outsider to lead the $9tn money manager will take up his role in JulyFinancial Times - Business -
TotalEnergies CEO: Moving main listing to New York would be ‘no matter of emotion.’
The chief executive of French energy giant TotalEnergies reiterated that the company is looking at moving its primary listing to the U.S. as he sought to play down the significance of such a decision.MarketWatch - Business - New York -
Biden Promised Normal. Do Voters Want His Version of It?
Many voters in a new poll say the country’s political and economic systems need major changes or to be completely torn down. The Biden campaign says it’s not satisfied with business as usual, either.The New York Times - Top stories - Joe Biden -
As Biden's 'ironclad' promise weakens, so does Israel's security
An American president trying to force Israel to accept U.S. terms, especially when we are being attacked, is something many Israelis disapprove of.The Hill - Politics - Joe Biden -
Blinken promises Zelenskyy more support as Russia gains ground
US secretary of state tells President Volodymyr Zelenskyy military aid package will make ‘real difference’ on battlefieldFinancial Times - Business - Ukraine -
OpenAI’s new GPT-4o model offers promise of improved smartphone assistants
System can operate directly in speech, speeding up responses and noticing voice quirks, but it still needs the power of Siri. In the year and a half since the launch of ChatGPT, one nagging question has only got more pressing: if AI can do this, ...The Guardian - World -
Thai prime minister promises investigation after activist died in detention
Thailand’s prime minister offered his condolences to the family of a young activist who died in detention after a monthslong hunger strike, amid a public debate on the country’s justice systemABC News - World -
Blinken promises Ukraine help is "on the way" amid " brutal Russian onslaught"
In Kyiv, Secretary of State Antony Blinken announced $2 billion in new financing for Ukraine to aid weapons delivery and fuel Ukraine's defense industrial base.CBS News - Top stories - Ukraine -
CDC to publicly post wastewater data amid bird flu outbreak
As bird flu spreads among cows in the U.S., the CDC plans to publicly post data on a specific influenza virus found in wastewater. Dr. Celine Gounder, CBS News medical contributor and editor-at-large for public health at KFF, joins to break down ...CBS News - Top stories -
Inflation Sticking Around, Key Wholesale Price Data Show
The Producer Price Index jumped up again last month, and economists see inflation persisting, which will likely keep high interest rates in place.Inc. - Business -
Secrecy Concerns Mount Over Spy Powers Targeting US Data Centers
A coalition of digital rights groups is demanding the US declassify records that would clarify just how expansive a major surveillance program really is.Wired - Tech -
We're adding to this battleground position based on some new data out of China
Estee Lauder's low stock price may not reflect any improvement in the environment.CNBC - Business - China -
Vermont Legislature passes one of the strongest data privacy measures in the country
The Vermont legislature has passed one of the strongest data privacy measures in the country, aimed at cracking down on companies’ use of online personal dataABC News - Tech -
Benchmark Treasury yields hug five-week lows ahead of CPI data
Bond yields fell early Wednesday, though moves were muted ahead of inflation data that may impact the Federal Reserve’s policy trajectory.MarketWatch - Business -
Inflation Data Could Show Signs of Progress After Disappointing Run
The Consumer Price Index, which will be released on Wednesday morning, could show price gains moderated a bit in April.The New York Times - Business -
Gold Futures Rise as Dollar Slips; Inflation Data Could Prompt Volatility
Gold futures rose, supported by lower Treasury yields and a softer U.S. dollar, ahead of U.S. inflation data.The Wall Street Journal - World -
GameStop’s meme-stock rally is a ‘short-term baseless frenzy,’ brokerage CEO says
The meme rally that sent shares of GameStop Corp. soaring this week will likely peter out in a couple of days, says Dan Raju, the CEO of cloud-based financial-services provider Tradier.MarketWatch - Business