Author: News Room

California Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation. Newsom said he had asked leading experts on Generative AI to help California “develop workable guardrails” that focus “on developing an empirical, science-based trajectory analysis.” He also ordered state agencies to expand their assessment of the risks from potential catastrophic events tied to AI use. Newsom said he had asked leading experts on generative AI to help California “develop workable guardrails” that focus “on developing an empirical, science-based trajectory analysis.” He also ordered state agencies…

A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday, signaling action that could cause delays and snarl supply chains.”United States Maritime Alliance … refuses to address a half-century of wage subjugation,” the union said in a statement. The United States Maritime Alliance, known as USMX, represents employers of the East and Gulf Coast longshore industry.If union members walk off the job at ports stretching from Maine to Texas, it would be the first coast-wide ILA strike since 1977.It was not clear if any…

It always turns out the same way: No matter what people might say, the beginning of an interest rate cycle always causes a change in command in the stock market. You must always change your mind, hold your nose, and buy what look to be some of the weakest names — the stocks that do best when rates go down, especially the housing-related stocks. In our case, that means Best Buy , Stanley Black & Decker and Home Depot . These Club stocks — beaten down, disliked, without sponsorship — go from being ugly ducklings to beautiful must-own swans. Best…

Retirement is defined as “leaving one’s job or ceasing to work.” But it involves so much more than that. As I wrote in “Retirement As A Death,” leaving one’s job is an emotional and psychological roller coaster, particularly when one is not prepared. In order to retire successfully, it is important to realize what is happening and how to transition into a new life role. Research indicates it is critical to find a reason to get up in the morning—purpose and meaning. According to Dr. Becca Levy, author of Breaking the Age Code: How Your Beliefs About Aging Determine How…

The death of Hassan Nasrallah has caught President Joe Biden in a bind: While no one in the White House shed any tears for the longtime Hezbollah leader, the Israeli airstrike that took him out has only worsened fears of an escalating conflict, something Biden says he’s actively working to avoid. In the immediate aftermath of the operation, Biden was quick to alert the public that he hadn’t received any advance warning and wasn’t involved. It was only 24 hours later, after both Israel and Hezbollah had confirmed Nasrallah was killed, that Biden released a carefully worded statement declaring the…

Israel has killed Hizbollah’s leader Hassan Nasrallah in a massive strike on Beirut, in the latest in a series of devastating blows to the Lebanese militant group.The strike in a densely populated residential neighbourhood in southern Beirut was part of an intense bombardment carried out by Israeli forces on Friday and marked a dramatic escalation of Israel’s offensive against Hizbollah.The Lebanese group confirmed Nasrallah’s death in a statement on Saturday, saying he had joined the group’s long list of “martyrs”. It said its leadership would continue to battle against Israel “in support of Gaza and Palestine, and in defence of…

This article was written byFollowSamuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering with a focus on applied mathematics and machine learning. Samuel leads the High Yield Investor investing group. Samuel teams up with Jussi Askola and Paul R. Drake where they focus on finding the…

Chicago, America’s third-biggest city, is on the verge of losing its only intercity bus terminal, jeopardizing access for many low-income, elderly and minority travelers with few other transportation options. It’s part of a nationwide trend. Greyhound’s lease for its terminal in Chicago expires next month. Not only would that mean Greyhound could leave the city, but FlixBus, Barons, Burlington Trailways and other lines that also operate from the terminal could be forced to leave as well. A representative for Greyhound told CNN that there are no proposals for a lease extension. The city, which regulates curbside pickup and drop-off locations,…

More than 13,000 immigrants convicted of homicide — either in the United States or abroad — are living freely in the U.S., outside of Immigration and Customs Enforcement detention, according to data ICE provided to Congress earlier this week.The immigrants are part of ICE’s “non-detained” docket, meaning the agency has some information on the immigrants and they have pending immigration cases in the U.S., but they are not currently in detention either because they are not prioritized for detention or because ICE cannot find them.Acting ICE Director P.J. Lechleitner sent the data, collected as of July 21, as part of a…

Blockchain technology and tokenization could challenge the traditional ETF model.Janus Henderson said recently that it’s partnering with Anemoy Limited and Centrifuge to create Anemoy’s Liquid Treasury Fund (LTF), an on-chain technology-based fund that will give investors direct access to short-term U.S. Treasury bills.”It’s not necessarily a threat to the ETF industry,” Nick Cherney, Janus Henderson’s head of innovation, said on CNBC’s “ETF Edge” this week. “I think it’s more of a natural evolution of how we try to get the way in which we deliver investment services to clients to be more efficient and less costly.””We want to be early…