Luxury goods mogul Bernard Arnault is now the richest man in the world, bumping Tesla (TSLA) CEO Elon Musk down to the second spot, according to the Bloomberg Billionaires Index. Arnault, who is chairman and chief executive of Louis Vuitton SE or LVMH (LVMUY), has seen more than a $7 billion loss in net worth in 2022 while LVMH stock is off roughly 6.58% during the same time period. It hasn’t been enough to keep him from taking the top spot, though, given that Musk’s net worth has plummeted… Source link
Read More »Bill Ackman says Fed will fail to bring down inflation, keeping stocks under pressure
Billionaire hedge fund manager Bill Ackman has been urging the Federal Reserve to get serious on inflation since late last year. Now, he has doubts about the U.S. central bank’s ability to bring price stability down to its target. And thinks stock prices could remain under pressure as rates stay high amid this new environment. The Pershing Square Capital founder and CEO said Thursday in a quarterly call with investors that interest rates are “meaningfully below where they are going to… Source link
Read More »Google Blasts Bipartisan Bill For Good Faith Negotiation On Network Use In South Korea
South Korea lawmakers observe that as broadband is essential for society, so is broadband cost … [+] recovery. getty South Korea National Assembly member and Chair of the Committee for Science, Technology, Broadcasting and Communication, Young-Chan Yoon of the Democratic Party of South Korea and more than a dozen lawmakers from leading parties proposed an amendment to the telecom framework on September 8. A series of hearings have bill held around the bill which mandates no fees but… Source link
Read More »Google now allows Spotify and Bumble to bill U.S. users inside apps
An Android statue is displayed in front of a building on the Google campus on January 31, 2022 in Mountain View, California. Google parent company Alphabet will report fourth quarter earnings on Tuesday after the closing bell. Justin Sullivan | Getty Images The Google Play app store will allow Spotify and Bumble to bill U.S. users for subscriptions directly inside their Android apps, Google announced on Thursday. Typically, Google Play and Apple’s App Store for iPhones take between 15% and 30%… Source link
Read More »Bill Belichick keeps making history, now with an unlikely QB
Bill Belichick is still the best coach in the NFL. He just doesn’t have the best quarterback in the NFL anymore. Belichick reached a milestone Sunday. He won his 324th game, counting postseason, which tied him with George Halas for second in NFL history. He’s 23 wins behind Don Shula in that category. And he’s on a winning streak with rookie quarterback Bailey Zappe. How many coaches would be able to pull that off? The Patriots looked like they were finished a few weeks ago, but it’s common for… Source link
Read More »Powers to fight ‘foreign interference’ in search engine results to be included in Online Safety Bill
Powers to fight disinformation spread by Russian propaganda search engines are to be included in the Online Safety Bill, i can reveal. The Government is set to amend the Bill following revelations about the website Yandex, known as Russia’s Google, which pumps out pro-Kremlin search results on issues ranging from the war in Ukraine to news items criticising the West. The listings are available to online users in the UK. On Friday,i revealed that Business Secretary Jacob Rees-Mogg and Trade… Source link
Read More »Senate panel approves bill to give news organizations more power against tech platforms
LONDON: Microsoft President and Vice Chairman Brad Smith has hinted that the tech giant is adopting a different approach to tackling disinformation and fake news. While other companies focus their efforts on removing fake content, and telling users what is true and what is not, Microsoft wants to avoid any suggestion that it is trying to censor speech online. “I don’t think that people want governments to tell them what’s true or false. And I don’t think they’re really… Source link
Read More »Matt Patricia expected to call offensive plays for Patriots with ‘influence’ from Bill Belichick
We may finally have the answer to who will be calling offensive plays for the New England Patriots in Week 1. And the answer is reportedly Matt Patricia. According to NFL Network’s Ian Rapoport, Patricia, the former head coach of the Detroit Lions, will be calling offensive plays for the Patriots. But he’s not going to be doing it entirely by himself. He’ll reportedly be calling plays with a “heavy influence” from head coach Bill Belichick. Patricia, whose title with the Patriots is “Senior… Source link
Read More »NBA, NBPA announce league will permanently retire No. 6 in honor of Bill Russell
The number “6” will forever belong to Bill Russell in the NBA. The league and the NBPA agreed to permanently retire Russell’s No. 6 across the NBA. It’s the first time a player’s number has been retired across the league. Commissioner Adam Silver said the move will ensure Russell’s “transcendent career will always be recognized.” “Bill Russell’s unparalleled success on the court and pioneering civil rights activism deserve to be honored in a unique and historic way,” said NBA… Source link
Read More »Winners and Losers in Democrats’ Signature Tax and Energy Bill
(Bloomberg) — President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment. Most Read from Bloomberg The tax and energy bill passed Sunday after a year and half of rocky negotiations that divided the party. It gives Democrats tangible progress on key issues to show voters in the midterm elections this November. Biden’s popularity nose-dived a year ago in the wake of the haphazard… Source link
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