News Archives - Page 13 of 44

Ex-Treasury Secretary: Recession Is Coming and It Won’t Be Mild

Larry Summers, who served as Bill Clinton's Treasury Secretary and Barack Obama's National Economic Council advisor, has warned that a recession is coming and that it will not be a mild one. Speaking during an interview with MSNBC on Thursday, Summers said that the Federal Reserve will have to face…

Twitter Suspends Accounts of Journalists from New York Times & CNN under New Doxxing Policy

Twitter has suspended the accounts of several journalists after they allegedly violated the new doxxing policy in the platform’s terms of service. Reporters from major outlets, including The New York Times, The Washington Post, and CNN, had their accounts shut down under the new policy. The accounts that were suspended…

US Experts Raise Concerns about China Cornering Market for Old-Gen Chip Technology

Experts in the United States are raising concerns that firms in China are cornering the market on the production of older-generation chips. Chinese firms are increasingly focusing on boosting the production of old-gene chips. The move is causing concerns among experts in the United States and the Western world more…

FTX CEO Sam Bankman-Fried Denied Bail after Arrest, Faces up to 115 Years in Jail

Bankrupt cryptocurrency exchange FTX co-founder Sam Bankman-Fried has been denied bail after his arrest in the Bahamas. Bankman-Fried was taken into custody by Bahamian authorities at the request of the U.S. government on Monday. On Tuesday, Chief Magistrate Joyann Ferguson-Pratt ruled that Bankman-Fried’s $250,000 bail request would be denied. The…

Musk and Dorsey Argue over Claims Twitter Ignored Child Exploitation for Years

Twitter's new boss Elon Musk and the company's co-founder Jack Dorsey are publicly arguing about the platform’s handling of child exploitation. The pair disagreed in a series of tweets over the weekend. Musk, who took over the company in October, blasted former Twitter executives in posts on Friday. He stated…

Sam Bankman-Fried Seeks to Launch New Business after FTX Collapse

FTX founder Sam Bankman-Fried has revealed his plans to launch a new business venture just weeks after the historic collapse of his cryptocurrency exchange. Bankman-Fried is currently facing a number of civil lawsuits brought against both him and his failed company. In an interview with the BBC published on Saturday,…

Stellantis Plant Prepares for 1,350 Layoffs Due to Rising Electric Vehicle Production Costs

Stellantis’s assembly plant in Illinois could see 1,350 layoffs as the company struggles with rising electric vehicle production costs. The Belvidere plant, which manufactures the Jeep Cherokee SUV, employs around 1,350 workers at the site. Stellantis is planning to indefinitely halt operations at the plant. The move will result in…

Newt Gingrich: Twitter Interfered with U.S Elections

Social media company Twitter played a key role in interfering in America's elections, according to former House Speaker Newt Gingrich. Gingrich describes the revelations coming from Twitter’s new owner Elon Musk about the platform’s behind-scenes operation to suppress certain viewpoints as “pretty horrifying.” He says the "Twitter Files" release shows…

New York Times Staff Go on Strike, Protest for Better Conditions, Higher Wages

Staff members at the New York Times have called a strike and are protesting for better working conditions and higher wages. On Thursday, employees held a picket-line demonstration outside the newspaper's headquarters in midtown Manhattan. Many were wearing red shirts and holding signs reading: “New York Times Walks Out.” Susan…

Musk Says ‘Twitter Files’ Were Compromised as He Fires Ex-FBI Twitter Lawyer Behind ‘Vetting’ Data

Twitter boss Elon Musk has revealed that the “most important data” from the "Twitter Files" may have been compromised. Musk says key parts of the social media platform’s internal communications on free speech suppression, known as the “Twitter Files,” were hidden and some may even have been deleted. The Twitter…