May 18, 2024 Last Updated 04:24 AM EDT

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Legal & Regulatory

EU Slaps Microsoft with Warning that it Could Face Billions of Fines Over Missing Generative AI Risk Report

The EU has sought for more information about Microsoft's risk report on its generative AI tools.

Alabama Mercedes-Benz Workers Vote 'No' to Unionization, a Tough Loss for the UAW

Mercedes-Benz workers in Alabama have voted against joining the United Auto Workers (UAW)...

Bankrupt Crypto Lender Genesis Global to Return $3 Billion to Customers

Genesis Global, a bankrupt crypto lending firm, has been allowed by the court to return approximately $3 billion in cash and cryptocurrency to its customers...

Chinese Nationals Accused of $73 Million Pig Butchering Crypto Scam Gets Arrested—DOJ Shares Details

Some Chinese nationals who are accused of a million-dollar pig butcher crypto scam were arrested. Here's what the Department of Justice announced...

Europe Trusts Chinese Supply Chains and Won't Follow US Tariff Hikes

Chinese companies are optimistic about global trade, posing challenges...

Ex- DEI Manager Barbara Furlow-Smiles Receives 5-Year Imprisonment for Allegedly Stealing $5 Million From Facebook, Nike

Federal authorities convicted a former diversity manager at Facebook a...

Latest News

Google Employees Grill Executives Over Pay Raises and Morale Issues
Google employees express concerns over management decisions and treatment, citing issues such as stagnant compensation, lack of transparency in cost-cutting measures, and job security worries despite
FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims.
Donald Trump's Estate Tax Cut Renewal Spells $4.6 Trillion Price Tag, Congressional Estimates Reveal
The Congressional Budget Office disclosed that extending the measure would result in an additional cost of $1.1 trillion compared to initial estimates.
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading.
Hy-Vee, Schnucks Recalled Cheese Over Potential Salmonella Contamination That May Cause Food Poisoning
A major American supermarket has requested customers to voluntarily return several cheese spreads due to concerns over salmonella contamination.
NY Retail Theft Ring Busted: Macy's, Ulta Beauty, Other Retailers Targeted in $1M Fencing Operation
Authorities recovered enough stolen property to fill 450 medium cardboard boxes, with Macy's alone accounting for $212,000 worth of the seized goods.
Pfizer Agrees to Settle Over 10,000 That Heartburn Drug Zantac Causes Cancer
Pfizer has agreed to settle over 10,000 lawsuits concerning the alleged connection between its product, Zantac, and cancer.
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in the beef between Aubrey “Drake” Graham and Kendrick Lamar Duckworth, while also being under fire after Glass Lewis urged sharehol
MGM Grand Ex-President To Be Sentenced for Ignoring Illegal Bets After Admitting Awareness of Patron's Bookmaking
Former MGM Grand President Scott Sibella faces sentencing for allowing illegal betting at the casino following a guilty plea to failure to report suspicious transactions.
Tesla To Be Investigated by DOJ Over Misleading 'Self-Driving' Claims Following Fatal Autopilot Accidents
The Department of Justice (DOJ) will investigate Tesla's self-driving claims for potential securities or wire fraud, with allegations of misleading investors and consumers as reports of crashes involv

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OpenAI Shuts Down AI Safety Team Just After Less Than a Year in Office

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Elon Musk Revives Challenge to Mark Zuckerberg for Physical Fight a Day After the Meta CEO's 40th Birthday

Elon Musk Revives Challenge to Mark Zuckerberg for Physical Fight a Day After the Meta CEO's 40th Birthday

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IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes

IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes

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California Offers $400 to Drivers Willing to Test Proposed Gas Tax Alternative — Here's What You Should Know

California Offers $400 to Drivers Willing to Test Proposed Gas Tax Alternative — Here's What You Should Know

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Facebook, Instagram Face EU Probe Over Suspicions of Failing to Protect Child Safety

Facebook, Instagram Face EU Probe Over Suspicions of Failing to Impose Child Protection Policies
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