Federal Court Declares Google Has Monopoly on Search Engines
8Aug Avatar photoBy Benjamin HallNo Comments
Technology

Federal Court Declares Google Has Monopoly on Search Engines

Related media - News 24 hours In a landmark ruling in Washington, Judge Amit Mehta ruled that Google unlawfully exploited its dominant position in the Internet search market to strengthen its position and foster innovation, a development that could reshape the digital landscape while also crippling one of the world’s most recognizable companies. The ruling follows a broad legal case launched by the U.S. Department of Justice against Google nearly a year ago. The evidence was carefully examined over the course of a 10-week trial that included detailed testimony from senior executives at Google, Microsoft, and Apple. Three months after final presentations based on the Mayonnaise Principles, Judge Mehta issued his verdict. In his full 277-page ruling, Judge Mehta said, "After a meticulou...
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Tim Walz: From Educator in China to Democracy Advocate
8Aug Avatar photoBy Benjamin HallNo Comments
New miscellaneous

Tim Walz: From Educator in China to Democracy Advocate

More news - Breaking news TAIPEI, TAIWAN — Tim Walz, the Democratic vice presidential candidate, has a long history with China, from his days as a schoolteacher in Guangdong to serving on a key congressional committee overseeing U.S.-China relations. His trip includes witnessing the pro-democracy protests at Tiananmen Square in 1989. As an educator at Foshan No. 1 Secondary School, Walz taught history, culture, and English during a pivotal period marked by major student demonstrations against the Chinese Communist Party. This experience profoundly shaped his understanding of and connection to the region. In a 2007 interview with The Hill, Walz said, "The year I spent in China was transformative. It inspired me to engage more deeply with the country and its people." Known affec...
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Jamie Dimon Predicts Recession Likely Despite Potential for Economic Stability
8Aug Avatar photoBy Benjamin HallNo Comments
Business

Jamie Dimon Predicts Recession Likely Despite Potential for Economic Stability

Related media - Recent news In a recent interview, JPMorgan Chase CEO Jamie Dimon reiterated his view that a U.S. recession remains a likely outcome, assigning a 35% to 40% chance for a mild economic downturn. That reflects his consistent stance since February, when he expressed skepticism about the market’s overly positive sentiment on recession risks. In his conversation with CNBC’s Leslie Picker, Dimon stressed that his assessment remains unchanged, highlighting ongoing global and domestic challenges that could impact economic stability. These include geopolitical tensions, housing market fluctuations, government deficits, and policy actions such as quantitative tightening and upcoming elections, all of which are contributing to market malaise. Despite a turbulent economic outlook f...
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Russia’s discontent with Paris 2024 Olympics amid international tensions
8Aug Avatar photoBy Benjamin HallNo Comments
News

Russia’s discontent with Paris 2024 Olympics amid international tensions

More news - Breaking news In the shadow of the Eiffel Tower, amid the ongoing Paris 2024 Olympic Games, a distinct absence is felt. Russia, barred from participating as a nation due to its ongoing conflict in Ukraine, has adopted a decidedly antagonistic stance toward the event. Since the conflict in Ukraine began in early 2022, Russian competitors have faced restrictions, being able to participate only as neutral athletes without national symbols. This year, only 15 athletes represent Russia under these strict conditions. State-affiliated Russian media began highlighting every possible flaw in the games, from minor complaints about meals in the Olympic Village to major controversies, such as those involving gender classifications in boxing. Their coverage consistently cast the games i...
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June Unemployment Rates Rise for Women Across Racial Groups, Fall for Men
7Aug Avatar photoBy Benjamin HallNo Comments
Business

June Unemployment Rates Rise for Women Across Racial Groups, Fall for Men

Related media - News 24 hours Unemployment rates among white, black and Hispanic women rose in June, in line with broader economic trends, according to data released Friday by the Labor Department. White adult women saw a slight increase in unemployment, from 3.0% in May to 3.1% in June. Black women saw their unemployment rate increase from 5.2% to 5.7%, while Hispanic women saw an increase from 4.1% to 4.5%. Overall, the national unemployment rate rose to 4.1%, from 4.0% last month. In contrast, unemployment rates for men in all three racial groups declined. The rate for white men fell to 3.2 percent from 3.4 percent, for Hispanic men to 4.2 percent from 4.7 percent, and for black men to 6.1 percent from 6.4 percent, although black men continue to face the highest unemployment rates a...
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10-Year Treasury Yield Rebounds From Yearly Low
7Aug Avatar photoBy Benjamin HallNo Comments
News

10-Year Treasury Yield Rebounds From Yearly Low

Related media - News 24 hours Treasury yields rebounded on Tuesday as investors reacted to Monday's sell-off in global markets. As of 5:12 a.m. ET, the benchmark 10-year Treasury yield had risen more than 5 basis points to 3.8371%. That rise followed Monday’s decline, which marked the lowest level for the 10-year yield since June 2023. Meanwhile, the 2-year Treasury yield rose more than 7 basis points to 3.9627%. It’s important to note that yields and prices move inversely, with one basis point equaling 0.01%. Global markets looked poised to recover from Monday's sharp decline. U.S. stocks began the new month lower, weighed down by fresh data that added to concerns about the economic outlook. The disappointing numbers led to fears that the Federal Reserve could delay interest rate cuts...
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