Author: Press Room

Elon Musk has approved more government requests for censorship on Twitter than his predecessor. A “free speech absolutist,” Musk previously said he’d only censor Russian news “at gunpoint.” Now facing criticism over Twitter’s track record, he says there’s no “actual choice” but to comply. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app After less than a year running the social media site, Elon Musk, who once said he’d only comply with governmental requests to censor content on his platforms “at gunpoint,” now says Twitter…

U.S. new-home sales decreased 8.6% to an annual rate of 763,000 in March, the government said Tuesday. That figure represents the quantity of homes that would be sold over a yearlong period of time if the same number of properties were bought each month based on the rate of sales in March. Compared to a year ago, sales were down 12.6%. Economists polled by MarketWatch expected new-home sales in March to drop to an annual rate of 770,000.

WPP, one of the world’s largest advertising groups, has teamed up with chipmaker Nvidia to use generative artificial intelligence in the production of advertising at scale for its clients.The new technology platform, which will be announced by Nvidia boss Jensen Huang in Taiwan on Monday, will allow WPP to use AI to create in minutes campaigns that would have previously taken weeks. The platform combines 3D imaging software that can be used to produce a fully accurate photo realistic image — of a car, for example — which can then be taken into a video or 2D advertising generated by the…

© Reuters. FILE PHOTO: A view shows the dismantled McDonald’s Golden Arches after the logo signage was removed from a drive-through restaurant of McDonald’s in Khimki outside Moscow, Russia May 23, 2022. REUTERS/Lev Sergeev (Reuters) – Foreign investors who left Russia after selling their businesses there between March 2022 and March 2023 withdrew about $36 billion from the country, the state RIA news agency reported on Monday, citing analysis of data from the Central Bank. Scores of the world’s biggest companies have left or scaled back their operations in Russia in response to Moscow’s invasion of Ukraine in February 2022.…

© Reuters. Investing.com — Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite. The was the best performer in Asian markets, up 1.4% to its highest level since July 1990. Gains were driven largely by heavyweight chipmaking and financial stocks, as technology shares continued to benefit from expectations that interest in artificial intelligence will drive demand this year. Nvidia Corporation (NASDAQ:) supplier Advantest Corp (TYO:) jumped 5.2% to a record high, and…

This week in crypto: Mastercard’s EVP said crypto and blockchain can bring much more value to financial industries, a former BNY Mellon exec argued that ambiguity may be useful in crypto cybersecurity, Ripple CEO announced a plan to utilize $1bn cash reserves for company expansion, and Elon Musk said he wasn’t advising anyone to buy DOGE. US President Joe Biden blasted wealthy tax cheats and crypto traders, calling them undeserving beneficiaries of Republican lawmakers’ pro-crypto deals on the new budget.Then, Reuters reported that Binance mixed company revenues with customer funds in the US, the exchange denied the claims, and Reuters…

© Reuters. Investing.com — Most Asian currencies kept to a tight range on Monday, while the dollar steadied at a two-month high as signs of sticky inflation and rising U.S. interest rates largely offset optimism over a U.S. debt ceiling deal. fell 0.1%, taking little support from a stronger daily midpoint fix as markets continued to fret over slowing growth in Asia’s largest economy. Focus this week is on key and sector data, due on Wednesday, to gauge the state of an economic recovery in May, after dismal readings in April. A resurgence in Chinese COVID-19 cases has also kept…

CNN  —  Texas Republicans have approved a pair of bills targeting the elections process in Harris County, the state’s largest and home to Houston, with voting rights activists accusing the GOP of plotting a “power grab” in an increasingly Democratic county. The measures, which passed the Republican-controlled state House and Senate, now head to the desk of GOP Gov. Greg Abbott. On Sunday, lawmakers passed legislation known as SB 1933 that would authorize the office of the Texas secretary of state – an Abbott appointee – to “order administrative oversight” of a county elections office if, for instance, a complaint…

TORONTO, ONTARIO, CANADA – 2022/06/26: A group of people associated with Walmart march during Pride … [+] Parade. (Photo by Roberto Machado Noa/LightRocket via Getty Images)LightRocket via Getty Images Target recently drew the ire of conservatives for LGBTQ+ Pride merchandise. As this action has been speculated to be the result of ESG influence, it is worth looking at Target’s TGT biggest competitor, Walmart, to see if their 2022 ESG Report states similar LGBTQ+ goals. Environmental, social, and governance, or ESG, is a type of investing where factors beyond strictly financial matters are considered. As ESG investing has increased, publicly traded…

Gen Z Is Ditching Credit Cards for Cash Stuffing in ’90s Throwback Gen Z is bringing cash back. A staggering 69% of Gen Z is using cash more now than they did 12 months ago, more than Gen X (47%) or the baby boomers (37%), according to a recent Credit Karma report. The findings show a rise in “cash stuffing” by Gen Z’ers learning how to manage their cold hard cash. Cash or envelope stuffing is an old-school budgeting hack, commonly touted by renowned financial adviser Dave Ramsey, that is making a resurgence on social media as Gen Z struggles…