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Senate passes short-term funding bill to avert government shutdown: The Morning Rundown, Nov. 16, 2023
The Senate passes the two-step funding bill ahead of the government shutdown deadline. And, with holiday shopping in full swing, Amazon is warning customers that scams are on the rise. These stories and more highlight The Morning Rundown for Thursday, Nov. 16, 2023. Senate passes short-term funding bill to avert government shutdown Because of bi-partisan…
A museum about failure aims to help people learn to innovate
Washington, D.C., is known for museums that tell the American story and all of its triumphs, including the National Air and Space Museum and the National Museum of Natural History. But one particular museum tells the story of some great American failures like New Coke, Blockbuster and the HD DVD. The Museum of Failure is…
FTC: Amazon used secret price-boosting algorithm, destroyed internal messages
Amazon has long faced accusations of monopolistic practices, and now, the Federal Trade Commission claims it has proof in the form of an algorithm. In September, the FTC, along with 17 states, filed a lawsuit against Amazon. The suit’s central allegation is that the online retailer intentionally punished rivals for offering lower prices than Amazon.…
White House moves on AI, Biden calls on Congress to act
Vice President Kamala Harris embarked on a trip to the United Kingdom for a summit on artificial intelligence hosted by British Prime Minister Rishi Sunak. Her visit follows President Joe Biden’s recent signing of an executive order on “safe, secure, and trustworthy artificial intelligence,” which marks the farthest-reaching move on AI at the federal level.…
Your ‘entire financial life’ on X? Musk wants to start by the end of next year
Elon Musk wants X to handle users’ “entire financial life,” and it could be possible as early as next year. According to The Verge’s reporting, Musk and CEO Linda Yaccarino mentioned this timeline to employees during an all-hands call on Thursday, Oct. 26. “It’s not just like ‘send $20 to my friend,’” Musk said. “I’m…
Organized retail crime: A ‘revolving door of no consequences’ for criminals
It’s not your average shoplifting infraction. Retailers around the country report that they are losing tens of billions of dollars a year to organized retail crime. “It’s like a wildfire burning out of control with no easy way to stop it,” said Burt Flickinger, managing director of Strategic Resource Group and a top consultant in…
Online sites team up to crack down on fake reviews
Amazon, Tripadvisor, and Expedia are among some of the most popular online marketplaces and travel sites taking aim at fake reviews. In a statement released on Tuesday, Oct. 17, some online giants have announced they will team up to thwart the ever-growing problem. According to Tripadvisor’s yearly transparency report, in 2022, fake reviews on the…
Biden in Israel day after deadly Gaza hospital blast: The Morning Rundown, Oct. 18, 2023
President Biden arrives in Israel a day after a deadly explosion at a Gaza hospital leads to protests across the Middle East. And prosecutors plan to recharge actor Alec Baldwin in connection to a fatal shooting on a movie set – these stories and more highlight The Morning Rundown for Wednesday, Oct. 18, 2023. Biden…
Cable TV’s survival chances as streaming gobbles up live sports
Since people first started cutting the cable cord more than a decade ago, broadcast and cable networks have clung to two facets of live television for dear life: News and sports. In 2023, every major news agency has an online presence. CNN just announced a streamed version of the network live on Max. And in…
Rite Aid files for bankruptcy amid thousands of opioid lawsuits
Rite Aid filed for bankruptcy on Sunday. Oct. 15, as it faces billions of dollars in debt and thousands of federal, state, and local lawsuits related to the opioid crisis. Once the biggest drugstore chain in the U.S., Rite Aid has struggled to compete with the now larger competitors like CVS and Walgreens. Ahead of…
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