Analysis-Bessent, Warsh diverge on who should set the price of money
By Karen Brettell Aug 27 (Reuters) - Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh appear at odds over a question at the heart of...
Software & security
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Americans are cheering for vigilantes who take down Flock cameras
The surveillance cameras have become another flashpoint of growing bipartisan anger against tech industry excess.
Trump declares national emergency to ban some foreign grid equipment
President Trump has declared a national emergency seeking to block some foreign equipment from being used in the U.S. electric grid. Trump, in a Wednesday executive order, said foreign supply of electric equipment “constitutes an unusual and extraordinary threat” to national security. He therefore issued the order restricting the purchase and installation of foreign-made components for…
Australian police arrest two over TeamPCP hacks targeting Mercor, OpenAI, and others | TechCrunch
The arrests come after a wave of cyberattacks earlier this year targeting tech companies that rely on high-profile and widely used open source software.
If Meta’s going down, it’s taking TikTok and YouTube with it
Meta’s $17 billion kids online safety settlement with state attorneys general includes an incentive to get rivals on board with design changes for teens.
Hackers steal data from millions of UK airport customers
About 8.7 million customers had their data accessed and a ransom was demanded.
Wall St banks turn on each other as capital fight nears endgame
WASHINGTON, Aug 27 (Reuters) - Wall Street's most powerful banks fought side by side for years to relax capital rules, but with victory in sight, that allian...
Ontario threatens electricity amid Trump-Canada trade war. What would that mean for US?
Ontario Premier Doug Ford is threatening to cut off Canadian power to the U.S. in retaliation for President Trump’s trade war, a move that could boost already high electricity prices in some states. On Monday, Ford told The Associated Press that “everything is on the table,” including cutting off electricity to the U.S. “We power 1.5 million…
Druckenmiller tells former protégé Bessent his $4B bond buyback plan could spiral — and mortgage rates may not budge
The secretary’s former mentor, billionaire investor Stanley Druckenmiller, is sounding the alarm that this bond buyback is a big mistake.
Renan Santos, candidato do Missão à Presidência, faz campanha no Rio | G1
Candidato disse que, se eleito, vai cortar gastos para investir na prevenção a desastres naturais e que vai punir quem desrespeitar o Código Florestal.
Meta é denunciada após ação publicitária sobre Instagram em escolas | G1
Organizações afirmam que campanha sobre recursos do Instagram para adolescentes é considerada publicidade abusiva. Meta afirma que iniciativa teve natureza educativa, e não comercial.
Four Fed bank boards wanted rate hike before July 2026 hold
Directors at the Cleveland, Minneapolis, Kansas City, and Dallas Fed banks backed a quarter-point increase before policymakers voted to hold
ICE wants to give agents electrified gloves that shock people into compliance
ICE is aiming to spend up to $20 million on equipping officers and agents with specialized gloves that deliver painful electric shocks.
Apple Maps now shows the Gulf of America
Apple is renaming the Gulf of Mexico to the Gulf of America on its Maps app.
Google Maps now shows the ‘Gulf of America’
Google Maps has renamed the “Gulf of Mexico” to “Gulf of America” for US users on mobile and desktop.
Nvidia launches corporate PAC, expanding Washington footprint
Technology giant Nvidia is entering the election spending arena, launching a new corporate political action committee funded by employees. Nvidia filed a statement of organization Thursday, with the PAC’s official name being the Nvidia Corporation Employees Federal Political Action Committee. The super PAC, first reported by Bloomberg Government, will be funded by eligible employees who…
Federal court rejects PhRMA challenge to Medicare drug price negotiation
A federal appeals court on Wednesday ruled against a lawsuit filed by representatives of the pharmaceutical industry challenging the federal Medicare drug price negotiation program, finding that drugmakers are not entitled to sell their products to Medicare at a price they would prefer. The U.S. Court of Appeals for the 5th Circuit affirmed a prior…
States sue Trump administration over family planning grant changes
A coalition of states sued the Trump administration Thursday to block changes to a family planning grant program that it alleges would strip federal funding from states and providers unless they align with the administration’s political views and priorities. The lawsuit by officials from 23 states, filed in Maryland federal court, argues that new conditions on…