A California school board is suing giant social media companies for allegedly creating a “destructive environment for children” and leaving parents and educators to deal with what they deemed is a growing mental health crisis among the youth. The 107-page lawsuit, filed Monday in Northern California on behalf of the […]
FOX News
Bill Murray’s former mansion hits the market for $2 million
Bill Murray’s former home in New York has hit the market for $2,075,000. The 3,100-square-foot home has been listed by Richard Ellis of Sotheby’s International Realty. Murray’s mansion showcases four bedrooms along with two full bathrooms and one partial. The gothic revival home is located in Snedens Landing, roughly one […]
Swiss National Bank says it will give Credit Suisse backing ‘if necessary’
The Swiss National Bank (SNB) indicated Wednesday it would step in to back Credit Suisse if such a move became necessary. The SNB and Swiss Financial Market Supervisory Authority (FINMA) noted in a statement that Credit Suisse shares and debt securities “have been particularly affected by market reactions” in the […]
Chinese billionaire living in U.S. arrested for allegedly operating $1B fraud scheme
Federal prosecutors announced the arrest of exiled Chinese businessman “Miles Guo” and his financial advisor “William Je” on charges related to over a billion dollars in fraud. Guo, whose real name is Ho Wan Kwok, goes by several other names like Miles Kwok, Guo Wengui, Brother Seven, and The Principal, […]
Fed announces July launch of new FedNow system for live transactions
The Federal Reserve’s Financial Services division on Wednesday announced the launch of a new instant payment system, FedNow, that will roll out in July. The central bank says financial institutions can begin formal certification to participate in the new, speedy service starting in April. “We couldn’t be more excited about […]
Norfolk Southern sued by widow of conductor trainee killed in Alabama railway accident
The wife of a Norfolk Southern employee killed late last year in a railway accident in Bessemer, Alabama, has sued the embattled rail giant for negligence that resulted in his wrongful death. Walter James Griffin III, 43, was working as a conductor trainee along with a conductor inside the cab […]
OpenAI’s GPT-4 faked being blind to deceive a TaskRabbit human into helping it solve a CAPTCHA
OpenAI’s newest artificial intelligence chatbot, GPT-4, is capable of acing the bar exam, calculating tax deductions, and analyzing images, but it has also shown the ability to deceive humans into helping it complete simple tasks in the real world. In one such example, GPT-4 convinced a TaskRabbit worker that it […]
Bank turmoil raises investor bets on big Fed rate cuts this year
Investors have raised their bets that the Federal Reserve will deliver big interest-rate cuts this year after trouble at Credit Suisse reignited panic over a broader financial meltdown. The probability that the Fed cuts its rates in May by a quarter-percentage point jumped to 19% on Wednesday afternoon – up […]
Ryan Reynolds’ Mint Mobile sold in $1.3B deal to T-Mobile
Mint Mobile, the prepaid wireless provider partially owned by Ryan Reynolds, has been bought by T-Mobile US Inc. for $1.3 billion. T-Mobile’s purchase of Ka’ena Corp. will give it access to the budget wireless provider Mint, along with Ultra Mobile and wholesaler Plum. The brands, which already use T-Mobile for […]
Silicon Valley Bank reckless with risk, ESG push: State Financial Officers
The failure of Silicon Valley Bank is being cited by the State Financial Officers Foundation as an example of what can go wrong when financial institutions prioritize political agendas over basic risk management. The State Financial Officers Foundation — a group of Republican state auditors, chief financial officers, controllers, and […]