Tag Archives: Biden

Opening up another front in the increasing tensions between Big Tech and Washington, the Biden administration released a new report Wednesday that outlined what they say are a host of anticompetitive practices inside the nation’s biggest mobile app stores. The report from the Department of Commerce’s National Telecommunications and Information Administration (NTIA) concluded that “the current mobile app ecosystem, and especially the current app store model, is harmful to consumers and to… Source link

Shares of Southwest (LUV) sank as much as 6% on Tuesday after the airline canceled thousands of flights, leaving passengers stranded at airports and drawing scrutiny from federal officials. Southwest had canceled more than 2,590 flights on Tuesday as of 2:30 p.m. ET, or about 63% of its scheduled flights, according to tracker FlightAware. The disruption exacerbates a meltdown that began over the holiday weekend and saw 2,900 flights canceled on Monday. The U.S. Transportation Department (USDOT)… Source link

Photo illustration: Jack Forbes; photos: Kevin Dietsch/Getty Images, Al Drago/Bloomberg via Getty Images (2) WASHINGTON — On the eve of his one-year anniversary in the Oval Office, President Biden held his first press conference. It was mid-January, and the mood in Washington was dour. A new variant of the coronavirus called Omicron was sweeping across the country, closing schools and disrupting plans. Russia was moving troops toward its border with Ukraine. “I know there’s a lot of… Source link

President Joe Biden, left, and former President Donald Trump, right, in a composite image.Getty Images Former president Donald Trump used Truth Social to tease what he called a “MAJOR ANNOUNCEMENT.” It turns out he’s selling NFT “trading cards” featuring himself for $99 each. President Joe Biden mocked Trump by tweeting he has had some “MAJOR ANNOUNCEMENTS,” too. President Joe Biden mocked what his predecessor billed as a “MAJOR ANNOUNCEMENT!” on Thursday with one of his own, releasing a… Source link

Summary Companies Law firms Genius’ breach case against Google dismissed based on copyright law Lyric site said decision could give big tech free pass to copy content (Reuters) – The U.S. Supreme Court on Monday asked the Biden administration to weigh in on song-lyric website Genius’ attempt to revive a lawsuit over Google’s alleged theft of its work. The justices are considering whether to hear ML Genius Holdings LLC’s bid to overturn a U.S. appeals court’s ruling that its case against Google LLC… Source link

The White House is sending $36 billion to buttress the Central States Pension Fund, one of the biggest and most troubled funds that manages the pensions of over 350,000 union workers and retirees. The pending announcement on Tuesday comes about 21 months after President Biden promised $86 billion to troubled multi-employer pension funds via a controversial provision tucked inside the American Rescue Plan. The check from Washington is a note of finality in the decades-long push to shore up… Source link

Voters are poised to give President Biden one thumbs-down in the Nov. 8 midterm elections, and maybe two. Democrats seem likely to lose control of the House of Representatives, with maybe 50-50 odds of losing the Senate, as well. The main reason is no secret: Inflation. Gasoline prices have retreated from the peak of $5 per gallon in August, to around $3.75 now. But that’s not good enough. Overall inflation is still 8.2% and food inflation is 13%. Wages are only growing by 4.3%. The typical… Source link

President Joe Biden on Friday offered an update on the launch of his administration’s student loan forgiveness efforts, announcing that in just under a week, nearly 22 million people applied online. “In less than a week, close to 22 million people have already given us the information,” Biden said during a visit to Delaware State University. “It takes less than five minutes.” The beta version of the application for up to $20,000 in loan forgiveness launched on Oct. 15 followed by the… Source link

Home Depot Co-Founder Bernie Marcus says 40-year high levels of inflation would come down if the Biden administration makes it easier for oil companies to drill in the country. “We have a president that just doesn’t believe in that [oil drilling],” Marcus said on a new episode of Yahoo Finance Presents. “We are sitting on tons of oil and gas, and he doesn’t allow us to drill. It’s basically stupid. I can’t come with another word. It’s stupid. And we will continue to suffer this inflation. And… Source link

When President Biden brags about 10 million new jobs created since he took office, he’s got a legitimate claim to success. No other president comes close to matching his record on jobs. The problem for Biden is that high inflation and weak income gains undercut the remarkably strong labor market of the last two years. Biden crossed the 10 million–jobs threshold with the employment report for September, when the U.S. economy created 263,000 new jobs. That brings the total number of new… Source link