Nathan Simington, Commissioner at the Federal Communications Commission (FCC) testifies during a House Energy and Commerce Committee Subcommittee hearing on March 31, 2022 in Washington, DC. The subcommittee held a hearing on oversight of the FCC. Kevin Dietsch | Getty ImagesRepublican Federal Communications Commission member Nathan Simington said Wednesday he plans to resign this week after more than four years in office.Simington was confirmed in December 2020 to the five-member FCC after he lead a regulatory effort during President Donald Trump’s first term in office seeking to rein in social media companies. Democratic FCC Commissioner Geoffrey Starks said last month…
Author: usaeverydaylife
The number of companies that buy bitcoin to hold on their balance sheet has grown in recent weeks, helping the leading cryptocurrency to hit its recent all-time high. But that newfound corporate support could soon become a downside risk to bitcoin’s price, according to Standard Chartered. While Strategy , formerly MicroStrategy, is the poster child for the bitcoin acquisition strategy by corporate treasuries, “imitators” have been gaining ground, Standard Chartered said in a report out Tuesday. Holdings by bitcoin treasuries have doubled in the last two months to just below 100,000 bitcoins, but their average purchase prices are far higher…
As more parts of the world face intense drought, new technologies are emerging to clean and reuse existing water. Investors are seeing potential for big profits.Water treatment is expensive. It uses a lot of energy and produces its own waste that gets disposed of at a hefty price. Capture6, a startup in Berkeley, California, says it’s developing a solution, and one with an added benefit to the environment. Capture6’s technology repurposes industrial and water treatment waste, generating clean water and capturing carbon dioxide from the atmosphere.”That combination of water treatment, brine management, and carbon capture all at once is part…
Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes.”This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that the massive tax-and-spending-cut bill would add trillions of dollars to national deficits. “This is grotesque, what we’re doing,” Johnson said. “We need to own up to that. This is our moment.””I can’t accept the scenario, I can’t accept it, so I won’t vote for it, unless…
Mateusz Slodkowski | Lightrocket | Getty ImagesReddit is suing artificial intelligence startup Anthropic for what it’s calling a breach of contract and for engaging in “unlawful and unfair business acts” by using the social media company’s platform and data without authority.The lawsuit, filed on Wednesday, claims that Anthropic has been training its models on the personal data of Reddit users without obtaining their consent. Reddit alleges that it has been harmed by the unauthorized commercial use of its content. “For its part, despite what its marketing material says, Anthropic does not care about Reddit’s rules or users: it believes it…
President Donald Trump’s “big, beautiful bill” would add $2.4 trillion to the national debt over the next decade, the nonpartisan Congressional Budget Office estimated Wednesday.The bill passed by House Republicans last month would decrease federal revenues by $3.7 trillion and lower spending by $1.3 trillion, according to the CBO’s latest analysis.The budget package is expected to be tweaked further in the Senate, where it already faces headwinds from deficit hawks who have criticized the bill over concerns that it would lead to exploding deficits.Sen. Ron Johnson, R-Wis., said earlier Wednesday on CNBC’s “Squawk Box” that he would not vote for…
Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity stock was down nearly 7% after the company’s revenue forecast for the current quarter undershot analysts’ estimates. CrowdStrike said it expects revenue in the range between $1.14 billion and $1.15 billion, while analysts polled by LSEG were looking for $1.16 billion. Dollar Tree — The discount retailer slid 7%. Dollar Tree said adjusted earnings per share could see a pullback of as much as 50% in the current quarter on a year-over-year basis, while analysts polled by FactSet expected a 1.8% decline. The firm cited pressure from…
Here are the biggest calls on Wall Street on Wednesday: Goldman Sachs upgrades XP to buy from neutral Goldman Sachs says it sees “operating leverage” for the Brazilian investment company. “We are upgrading XP to Buy from Neutral with a $23 price target, as we see the company well positioned to benefit from operating leverage, with possible upside risks if revenue growth accelerates further.” UBS reiterates Netflix as buy UBS raised its price target on the stock, citing strong viewership trends. “We believe secular trends and competitive dynamics remain supportive of Netflix’s ability to drive stronger monetization and operating leverage.…
Sam Altman, co-founder and CEO of OpenAI, speaks during the New York Times annual DealBook Summit at Jazz at Lincoln Center in New York City on Dec. 4, 2024.Michael M. Santiago | Getty ImagesOpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February. The San Francisco-based startup rocketed into the mainstream in late 2022 with its consumer-facing artificial intelligence chatbot ChatGPT, and began launching workplace-specific versions of the product the following year.The 3 million users include ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu customers, OpenAI said. “There’s this really tight…
Russian President Vladimir Putin and U.S. President Donald Trump.Mikhail Metzel | Evelyn Hockstein | Via ReutersPresident Donald Trump on Wednesday said he spoke with Russian leader Vladimir Putin for well over an hour about Ukraine’s latest attack on Russian airplanes and nuclear talks with Iran.Putin in that call vowed retaliation against Ukraine for the stunning surprise attack, which Kyiv said resulted in strikes on more than 40 Russian bombers, Trump said.”It was a good conversation, but not a conversation that will lead to immediate Peace,” Trump wrote on Truth Social.”President Putin did say, and very strongly, that he will have…
