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By Jonathan Stempel (Reuters) – McDonald’s Corp was sued on Thursday for at least $10 billion by two companies owned by media entrepreneur Byron Allen, who accused the fast-food chain of racial discrimination for not advertising enough with Black-owned media outlets. The complaint filed in Los Angeles County Superior Court said McDonald’s violated federal and state civil rights laws through its “racial animus and racial stereotyping” in allocating ad dollars. According to the complaint,… Source link

TipRanks Billionaire Ray Dalio Pulls the Trigger on 3 “Strong Buy” Stocks There are experts out there in the stock market whose investing moves command respect. They’ve earned this through the long-term cultivation of a reputation for true savvy in finding solid returns – and few of these experts have the stature of billionaire financier Ray Dalio. Dalio got his start trading commodity futures on Wall Street, and in 1975 he founded Bridgewater Associates from his New York City… Source link

Turns out Yermín Mercedes won’t be the only person punished in the aftermath of this season’s biggest unwritten rules controversy. Minnesota Twins reliever Tyler Duffey was suspended three games and fined an undisclosed amount for intentionally throwing behind the White Sox rookie in Tuesday’s game, the league announced Thursday. Twins manager Rocco Baldelli was also suspended one game and fined for the pitch. Duffey is appealing the discipline, so he won’t serve the suspension now, but… Source link

Google Multitask Unified Model (MUM) is a new technology for answering complex questions that don’t have direct answers.  Google has published research papers that may offer clues of what the MUM AI is and how it works. MUM is likely comprised of multiple innovations. For example, the Google research paper, HyperGrid Transformers: Towards A Single Model for Multiple Tasks describes a new state of the art in  multi-task learning that could be a part of MUM. While this article focuses on two… Source link

Google this week introduced new features for its Chrome and Android operating systems that will change or improve many of the tech gadgets you use every day. At its annual I/O developer’s conference, Google CEO Sundar Pichai introduced several Google employees and developers who discussed changes with Google Photos, Pixel phones, Google Maps, Google Lens, and privacy. Even with all of those products, it was a new virtual video call that stole the show. Source link

Google I/O wraps today, leaving developers to digest a wide variety of new product, service and feature announcements, ranging from a managed machine learning platform and other artificial intelligence-fueled advances to Google Workspace updates to new Multitask Unified Model technology. The livestreamed conference, held virtually after being cancelled last year amid coronavirus restrictions, fielded registrations from some 200,000 developers from 181 countries,… Source link

California Governor Gavin Newsom speaks at the opening of the country’s first federal and state operated community vaccination site during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, February 16, 2021. Mike Blake | Reuters California Governor Gavin Newsom pointed to a recent flood of tech IPOs and Google’s forthcoming development project in San Jose as examples of a California comeback, as a recall campaign and complaints from departing residents draw… Source link

(Bloomberg) — Apple Inc. injected a new level of intrigue in its bitter court fight with Epic Games Inc., suggesting the Fortnite maker was acting as a stalking horse for Microsoft Corp. and withholding evidence. The iPhone maker made the accusations Wednesday night in a filing asking a judge to make an adverse credibility finding against Lori Wright, an Xbox executive who testified in the trial on behalf of Epic. That would mean the judge could ignore her testimony. Apple asked for such a… Source link

Bitcoin’s (BTC-USD) price plunged 28% this week, this most recent meltdown spurred by an announcement from China and an Elon Musk tweet. The controversial crypto is now losing even more love on Wall Street a day after UBS’s CIO Mark Haefele questioned the need to own bitcoin in a portfolio. In a note published Thursday, Deutsche Bank analysts joined the conversation with a research note entitled “Bitcoin: Trendy is the last stage before tacky,” quoting the late fashion icon Karl… Source link

Wall Street benchmarks advanced on Thursday, with investors reacting to jobless claims falling to a new COVID-19 era low, but wary of rising inflation may force the Federal Reserve to normalize monetary policy sooner rather than later.   Good news on the labor market came from government data that showed workers filing for new unemployment benefits fell further below 500,000 in the latest week. Jobless claims set their lowest levels in more than a year as the labor market continued to heal… Source link