Month: August 2024

California Moves Forward With Legislation to Set AI Safety Standards
19
Aug
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By Jean Thompson
Science and Technology

California Moves Forward With Legislation to Set AI Safety Standards

Related media - Latest news In a significant move, the California State Assembly’s Appropriations Committee on Thursday approved a revised version of the artificial intelligence regulatory bill, known as SB 1047. The legislation seeks to establish groundbreaking safety protocols for AI technologies, requiring companies to conduct extensive safety testing before these technologies are introduced to consumers. The bill, which is now inching closer to becoming law, would authorize the California attorney general to take legal action against companies whose AI systems cause substantial harm, such as serious property damage or loss of life. The proposed regulations have sparked heated debate…
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Lawyer complains about Deutsche Bank’s late compensation proposal in ongoing dispute with Postbank
18
Aug
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By Jean Thompson
International

Lawyer complains about Deutsche Bank’s late compensation proposal in ongoing dispute with Postbank

Related media - Breaking news A lawyer representing the plaintiffs in a long-running dispute criticized Deutsche Bank on Friday for what he described as a “late and insufficient” deal proposal regarding its acquisition of Postbank, one of Germany’s leading retail banks, in the late 2000s. The controversy revolves around allegations that Deutsche Bank significantly undervalued Postbank during its acquisition, which has been under legal scrutiny since 2010. The case involves several hundred plaintiffs, including institutional and individual investors, with multiple lawsuits still pending. Jan Bayer, senior partner at law firm Bayer Krauss Hueber, told CNBC that Deutsche Bank proposed a…
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The Untapped Potential of Abortion Rights in Democratic Strategy
18
Aug
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By Jean Thompson
International

The Untapped Potential of Abortion Rights in Democratic Strategy

Related media - News 24 hours As the election approaches, the Democratic Party faces a critical opportunity to capitalize on one of its biggest issues: reproductive rights. With Kamala Harris, known for her strong stance on this issue, leading the charge, the potential to mobilize voters on this front has never been greater. Still, Democrats appear not to have fully capitalized on this significant advantage. Donald Trump, whose Supreme Court appointments were instrumental in overturning Roe v. Wade, has surprisingly evaded much of the expected backlash this election cycle. He argues that reproductive rights will not be significantly impacted in…
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Walmart Sees Price Drops Across Most Categories, Faces Challenges in Dry Grocery
18
Aug
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By Jean Thompson
Investments and Business

Walmart Sees Price Drops Across Most Categories, Faces Challenges in Dry Grocery

Related media - News 24 hours As CEO Doug McMillon reported, while Walmart has seen an overall decline in prices across a variety of items, including apparel, the retailer continues to see persistent inflation in its dry goods and processed foods sections. This includes commonly purchased items like soft drinks. In a discussion following Walmart’s fiscal second-quarter earnings announcement, McMillon noted ongoing negotiations with suppliers to encourage further price reductions. “While we’re seeing less overall pressure, some suppliers are still raising cost concerns, and we’re actively challenging those concerns to ensure that prices are reduced,” he said. According to Walmart…
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Consumer spending rose in July, with retail sales rising 1%, much better than expected
17
Aug
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By Jean Thompson
International

Consumer spending rose in July, with retail sales rising 1%, much better than expected

More news - News 24 hours In a strong display of consumer resilience, July retail sales beat expectations, rising 1%, the Commerce Department reported. The gain, which was adjusted for seasonal variations but not for inflation, beat the modest 0.3% increase forecast by economists polled by Dow Jones. The adjustment followed a downward revision to June's figures, which showed a 0.2% decline from initially reported flat growth. Excluding auto-related sales, retail data still showed a positive trend, rising 0.4%, again beating the 0.1% forecast. The positive retail trade figures were complemented by encouraging developments in the employment sector. The week…
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Trump to hold press conference at his golf resort in New Jersey
17
Aug
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By Jean Thompson
International

Trump to hold press conference at his golf resort in New Jersey

Related media - Breaking news Former President Donald Trump has scheduled a press conference at his golf resort in New Jersey, marking his second media event in recent weeks as he takes a fresh, force-infused approach ahead of next week's Democratic National Convention. Trump has also stepped up his criticism of Vice President Kamala Harris, despite not having held any recent press conferences or interviews with President Joe Biden, who ended his reelection campaign in an effort to regain his position. Vice President Harris has had limited interactions with the media since becoming the Democratic nominee. Although she has traveled…
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