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News Articles: Business

Gov. Spencer Cox signs two social media regulation bills during a ceremony at the Capitol building in Salt Lake City on Thursday, March 23, 2023. Cox signed a pair of measures that aim to limit when and where children can use social media and stop companies from luring kids to the sites.

Tagged as: 

  • Law

Utah's new social media law means children will need approval from parents

The restrictions passed through Utah's Republican-supermajority Legislature reflect how politicians' perceptions of technology companies are changing — and that includes pro-business Republicans.

March 24, 2023
|
By:
  • The Associated Press
Federal Trade Commission Chair Lina Khan, pictured at her April 2021 confirmation hearing, spoke to <em>Morning Edition</em> on Thursday about the new "Click to Cancel" proposal.

Tagged as: 

  • Business

Still trying to quit that gym membership? The FTC is proposing a rule that could help

The Federal Trade Commission gets thousands of complaints a year from customers trapped in memberships they don't want. Its "Click to Cancel" proposal aims to change that, Chair Lina Khan tells NPR.

March 24, 2023
|
By:
  • Rachel Treisman
TikTok CEO Shou Zi Chew testifies before the House Energy and Commerce Committee on Capitol Hill on March 23, 2023. The hearing was a rare opportunity for lawmakers to question the leader of the short-form social media video app about the company's relationship with its Chinese owner, ByteDance, and how they handle users' sensitive personal data.

Tagged as: 

  • Politics

Lawmakers grilled TikTok CEO Chew for 5 hours in a high-stakes hearing about the app

Both Republicans and Democrats expressed deep skepticism that the company won't share U.S. user data with the Chinese government.

March 23, 2023
|
By:
  • Dara Kerr
Hyundai and Kia are telling owners of over 571,000 SUVs and minivans in the U.S. to park them outdoors because the tow hitch harnesses can catch fire while they are parked or being driven. The Korean automakers are recalling the vehicles.

Tagged as: 

  • Business

Hyundai and Kia recall 571,000 vehicles due to fire risk, urge owners to park outside

Hyundai and Kia are telling the owners of more than 571,000 SUVs and minivans in the U.S. to park them outdoors because the tow hitch harnesses can catch fire while they are parked or being driven.

March 23, 2023
|
By:
  • The Associated Press
A 2023 Chevy Camaro 2SS Convertible is seen at a dealership in Wheeling, Ill., on  Wednesday. General Motors said it will stop making current generation of the brawny muscle car early next year.

Tagged as: 

  • Business

GM will stop making the Chevy Camaro, but a successor may be in the works

The Chevrolet Camaro, for decades the dream car of many teenage American males, is going out of production early next year. But General Motors says another generation may be in the works.

March 23, 2023
|
By:
  • The Associated Press
Ethan Mollick, a business professor at the University of Pennsylvania's Wharton School,  used a photo of himself (left) in an artificial intelligence platform where he generated a deepfake video of himself (right).

Tagged as: 

  • Technology

It takes a few dollars and 8 minutes to create a deepfake. And that's only the start

Powerful artificial intelligence tools that can create video, audio, text and pictures are raising fears the technology will supercharge disinformation and propaganda by bad actors.

March 23, 2023
|
By:
  • Shannon Bond
U.S Securities and Exchange Commission Logo

Tagged as: 

  • Business

The SEC charges Lindsay Lohan, Jake Paul and others with illegally promoting crypto

Crypto entrepreneur Justin Sun and three of his companies were also charged with crimes related to the promotion and sale of two digital currencies, Tronix (TRX) and BitTorrent (BTT).

March 23, 2023
|
By:
  • Joe Hernandez and
  • Jonathan Franklin
The Terran 1 rocket, made largely of 3D-printed metal parts, launched successfully but failed to reach orbit on Wednesday.

Tagged as: 

  • Space

A 3D-printed rocket launched successfully but failed to reach orbit

A rocket made almost entirely of 3D-printed parts made its debut launch Wednesday night, passing a critical milestone. But it failed after three minutes of flight, crashing into the ocean.

March 23, 2023
|
By:
  • Brendan Byrne,
  • Emma Bowman,
  • and 1 more
Children's flu medication was hard to come by in December 2022 as a wave of respiratory viruses spread across the country.

Tagged as: 

  • Health

It's not just Adderall: The number of drugs in short supply rose by 30% last year

A total of 295 types of drugs — everything from sedatives to children's flu medicine — were in short supply in 2022, according to a new report from the U.S. Senate Committee on Homeland Security.

March 23, 2023
|
By:
  • Emily Olson
TikTok has become baked into the culture.

Tagged as: 

  • Arts & Life

The U.S. is threatening to ban TikTok? Good luck

TikTok is on trial as U.S. authorities consider a ban. There's just one problem: it's not only an app for silly videos anymore, it is now entwined with our culture.

March 23, 2023
|
By:
  • Manuela López Restrepo
President Biden enters the Roosevelt Room on March 13 to talk about why the government backstopped all deposits at two failed banks.

Tagged as: 

  • Politics

Teetering banks put Biden between a bailout and a hard place ahead of the 2024 race

Voters hate bank bailouts. But letting them fail without a safety net for customers could have been even worse for President Biden ahead of the 2024 presidential race.

March 23, 2023
|
By:
  • Asma Khalid
The TikTok Inc. building is seen in Culver City, Calif., on March 17, 2023. TikTok on Tuesday, March 21, 2023, rolled out updated rules and standards for content and users as it faces increasing pressure from Western authorities over concerns that material on the popular Chinese-owned video-sharing app could be used to push false information.

Tagged as: 

  • Technology

TikTok CEO says company is 'not an agent of China or any other country'

The boss of the hit video-sharing app will testify on Capitol Hill on Thursday in an attempt to assuage growing fears about the app's connections to China.

March 23, 2023
|
By:
  • Bobby Allyn
President Biden and Republicans in Congress are on a partisan collision course over raising the debt ceiling.

Tagged as: 

  • Politics

The fight over the debt ceiling could sink the economy. This is how we got here

Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.

March 23, 2023
|
By:
  • Scott Neuman,
  • Ashley Ahn,
  • and 1 more

Tagged as: 

  • Law

Jack Daniel's v. poop-themed dog toy in a trademark case at the Supreme Court

At Wednesday's argument, the justices struggled to reconcile their own previous decisions enforcing the nation's trademark laws and what some of them saw as a potential threat to free speech.

March 22, 2023
|
By:
  • Nina Totenberg
Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on Feb. 1, 2023. The Fed on Wednesday raised interest rates again, opting to continue its fight against inflation despite turmoil in the banking sector.

Tagged as: 

  • Economy

The Fed raises interest rates again despite the stress hitting the banking system

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.

March 22, 2023
|
By:
  • Scott Horsley
  • Load More

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