The Biden Administration now seeks to restrict access to mainstream computing applications with its unprecedented and misguided “AI Diffusion” rule

Read their full report: For decades, leadership in computing and software ecosystems has been a cornerstone of American strength and influence worldwide. The federal government has wisely refrained from dictating the design, marketing and sale of mainstream computers and software — key drivers of innovation and economic growth. The first Trump

Rents likely to increase rapidly in wake of L.A. wildfires

The devastating wildfires in Los Angeles County are expected to create a significant shock to the local housing market, potentially leading to a sharp increase in rental prices in an already undersupplied metro area with low vacancy rates, where rents have remained stagnant over the past year. As of now,

House Republicans have introduced a bill that would allow Trump to enter into negotiations with Denmark to acquire Greenland

President-elect Donald Trump's Republican allies in the U.S. House of Representatives are working to gather support for a bill authorizing negotiations to purchase Greenland, according to a draft of the bill shared with potential co-sponsors on Monday. The legislation, titled the "Make Greenland Great

Congressman Buddy Carter just introduced a bill to abolish the IRS, repeal income, payroll, estate and gift taxes

Rep. Earl L. “Buddy” Carter (R-GA) introduced H.R. 25, the Fair Tax Act, aimed at replacing the current tax code with a national consumption tax known as the Fair Tax. The proposed legislation would abolish the existing tax system, replacing it with a single national consumption tax. This

Trump doesn't talk military strategy

Reporter: "[Regarding] the U.S. launching a preemptive strike on Iran. You said you don't want to answer that." Trump: "I don't talk about it. It's military strategy." Reporter: "But, it is a legitimate question." Trumo: "Well,

Carvana, CVNA, CEO when asked to explain boosted profitability specifically, says "it would take a while to talk about and I would bore your viewers"

A prominent short-seller has accused used-car retailer Carvana of lax underwriting practices, accounting manipulation, and undisclosed transactions involving hundreds of millions of dollars with a related party. Carvana responded by labeling the report “intentionally misleading and inaccurate” in a statement to the press. Despite the company’s denial,

Apple, AAPL, board opposes proposal to abolish DEI programs

Apple's board of directors has opposed a proposal aimed at ending the company’s Diversity, Equity, and Inclusion (DEI) initiatives. According to a proxy filing, the National Center for Public Policy Research, a conservative think tank, has submitted a proposal urging Apple to "consider abolishing its Inclusion

Nvidia, NVDA, CEO says "Elon Musk has an advantage [in AI]."

Nvidia, NVDA, CEO says "Elon Musk has an advantage [in AI]." Meanwhile, Hewlett Packard Enterprise (HPE) has secured a deal exceeding $1 billion USD (approximately $1.6 billion AUD) to supply Elon Musk's social media platform, X, with servers optimized for artificial intelligence workloads, Bloomberg News

New Chinese supercar from BYD, BYD, can jump 6 meters over a pothole

The Chinese automaker BYD, known for its affordable electric vehicles, showcased the impressive capabilities of its high-end supercar, the $233,400 Yangwang U9, in a new video demonstrating its ability to "jump" over obstacles. In a video released Monday on BYD's Weibo account, the autonomously

Sam Altman says "people will lose jobs" to AI and "not everyone's going to like all of the impacts, but this is coming

Elon Musk predicts artificial intelligence (AI) will eventually replace all jobs—and sees that as a potentially positive development. “Probably none of us will have a job,” Musk said at a tech conference on Thursday while discussing the future impact of AI. Speaking remotely via webcam at VivaTech 2024 in

Diamond prices have fallen to their lowest level this century, per Bank of America

Diamonds might sparkle, but they're losing their luster as an investment. "Prices have fallen to their lowest level this century!" per Bank of America's "Diamond Price Index," which highlights a dramatic decline of over 35-40% since 2022. Surat: Ground Zero of

Amazon, AMZN, is halting some of its diversity, equity and inclusion programs

Amazon.com is phasing out its diversity programs in anticipation of Republican Donald Trump’s return to the presidency, reflecting growing conservative opposition to such initiatives. In recent years, major U.S. corporations have scaled back diversity efforts they had previously championed, particularly following the 2020 protests sparked by the

President Biden has said that he could have beaten Trump in the 2024 election

In an interview published Wednesday, President Joe Biden expressed confidence that he could have defeated President-elect Donald Trump in the 2024 election but was uncertain about his ability to serve a full second term. “It’s presumptuous to say that, but I think yes,” Biden told USA Today when

The dam is about to break as US credit card loan defaults soar," per NYP

Experts are raising alarms over a sharp rise in credit card loan defaults this year, cautioning that the strain of Americans’ record-high consumer debt could soon reach a breaking point. During the first nine months of 2024, lenders wrote off over $46 billion in seriously delinquent credit card loans,

Donald Trump was not punished for his criminal conviction in the Manhattan hush money case

Donald Trump faced no punishment for his criminal conviction in the Manhattan hush money case, concluding a legal battle that has made him the nation’s first felon-turned-president. At Friday’s sentencing, a New York judge declined to impose prison time or fines after a jury convicted Trump

The average American spent 2.5 months on their phone in 2024

Americans check their phones an average of 205 times a day, marking a 42.3% increase from last year. Millennials lead in frequency, attachment, and anxiety over phone use, while Gen Z spends the most daily time on their devices, averaging over six hours. PCMag reports: If you're

Bank of America, BAC, has said: We no longer expects more Fed rate cuts

Bank of America, BAC, has said: We no longer expects more Fed rate cuts. Top Wall Street brokerages have adjusted their Federal Reserve rate cut forecasts following a strong U.S. jobs report on Friday, with BofA Global Research even suggesting the possibility of a rate hike. “We think the

California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that were affected by the blazes that destroyed swaths of the city this week

California has implemented a one-year ban on insurers canceling or refusing to renew residential property policies in areas affected by the devastating wildfires that swept through Los Angeles this week. State Insurance Commissioner Ricardo Lara announced the mandatory moratorium, which applies to properties in neighborhoods or adjacent ZIP codes

Los Angeles Mayor Karen Bass demanded her Fire Department make an extra $49 million of budget cuts a week before the fires

A leaked memo has revealed that Los Angeles Mayor Karen Bass recently demanded an additional $49 million in budget cuts from the city’s Fire Department, on top of the $17.6 million already slashed in her latest budget. The proposed cuts, coming just days before devastating wildfires swept through

Mark Zuckerberg's Meta, META, is terminating its major DEI programs, effective immediately, including for hiring, training and picking suppliers

Meta announced Friday that it is immediately ending its diversity, equity, and inclusion (DEI) programs, becoming the latest major corporation to step back from such initiatives. The decision impacts DEI-focused efforts in hiring, training, and supplier selection. In a memo to employees, Meta's Vice President of Human

A reservoir in the Palisades that holds 117 million gallons of water was offline this month for previously scheduled maintenance. It was empty when the Palisades fire exploded

A major reservoir in Pacific Palisades, integral to Los Angeles' water supply system, was offline during a devastating wildfire that destroyed thousands of homes and structures nearby. The Santa Ynez Reservoir, which has a 117-million-gallon capacity, had been drained for repairs to its cover, leaving it empty

META CEO Mark Zuckerberg on the Joe Rogan podcasts says that the Biden admin pressured Meta to censor COVID-19 content

Meta CEO Mark Zuckerberg, during an interview on Joe Rogan's podcast released Friday, alleged that his company faced pressure from the Biden administration to remove content related to Covid vaccine side effects. In the three-hour conversation, Zuckerberg stated that he is "pretty pro rolling out vaccines&

The US has announced an increased $25m reward for information leading to the arrest of Venezuelan President Nicolás Maduro

The United States has raised its reward to $25 million (£20.4 million) for information leading to the arrest of Venezuelan President Nicolás Maduro, coinciding with his inauguration for a controversial third six-year term. The ceremony was clouded by criticism from the international community and opposition leaders in Venezuela.

Biden has said that the federal government will cover 100% of the initial disaster response to the Los Angeles wildfires for 180 days

President Joe Biden announced on Thursday that the federal government would cover 100% of the costs for the initial disaster response to the devastating wildfires in Los Angeles. Speaking from the White House during a meeting with federal officials, Biden stated that the funding would support debris removal, temporary shelters,

Senator Rick Scott has introduced the bipartisan Sunshine Protection Act, to officially “lock the clock” and end the twice-yearly time change and make Daylight Saving Time the national year-round standard

U.S. Senators Katie Britt (R-Ala.) and Rick Scott (R-Fla.), joined by their colleagues, have reintroduced the bipartisan Sunshine Protection Act. The proposed legislation seeks to end the biannual clock changes by making Daylight Saving Time (DST) the permanent, year-round standard across the United States. Senator Britt