U.S Archives

Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say

May 12, 2024 mpsingh No Comments Business hurdles, IPO, Listing, London, preparations, Shein, sources, Steps, U.S

By Reuters API Published May 12, 2024 Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmakers, two people with knowledge of the matter said. Reuters The online fashion retailer plans to update China’s securities regulator on [...]read moreShein steps up London IPO preparations amid U.S. hurdles to listing, sources say

U.S. mortgage holders post record levels of home equity: ICE

May 7, 2024 mpsingh No Comments Real estate Equity, holders, Home, Home Equity, Home Prices, Ice, Intercontinental Exchange, Levels, Mortgage, Mortgage Rates Center, post, record, U.S

U.S. home prices continued to climb in March as a persistent shortage of homes for sale helped to buoy the housing market, according to the Intercontinental Exchange (ICE) Home Price Index. And while prospective homebuyers cope with the challenges of rising housing unaffordability, existing homeowners are reaping the benefits of historically strong price gains. Nationwide [...]read moreU.S. mortgage holders post record levels of home equity: ICE

Import Cars More Likely To Receive Speeding Tickets Than U.S. Brands

Photo: Mark Ralston / AFP (Getty Images) There’s rarely ever data to back up the preconceived notions we all hold about how cars look, like how we’ve all been led to believe that police pull over red cars more often than others. However, the data paints an interesting picture when it does exist. Research shows [...]read moreImport Cars More Likely To Receive Speeding Tickets Than U.S. Brands

Off-track soap opera follows F1 into first 2023 stop in U.S.

May 4, 2024 mpsingh No Comments Auto Offtrack, Opera, Soap, stop, U.S

MIAMI GARDENS, Fla. (AP) — Five races into the Formula 1 season, Max Verstappen and the globe-trotting series have arrived in the United States for the first of three appearances in a year the Red Bull driver already seems to have under wraps. Verstappen has four wins through five races headed into this weekend’s Miami [...]read moreOff-track soap opera follows F1 into first 2023 stop in U.S.

New Doomsday Plane Will Allow U.S. Government To Live On In Event Of Nuclear Hellfire

Photo: DefenseImagery via Wikimedia Commons You may have heard of the famous “Doomsday” Plane, meant to keep the government up and running even if our world has been eviscerated by nuclear hellfire since the early 1970s. Well, now it seems we’re getting a second generation of the plane to the tune of $13 billion. Who [...]read moreNew Doomsday Plane Will Allow U.S. Government To Live On In Event Of Nuclear Hellfire

U.S. loosens battery rules, potentially making more cars eligible for EV tax credits

May 3, 2024 mpsingh No Comments Auto battery, cars, Credits, Eligible, loosens, Making, potentially, rules, tax, U.S

DETROIT — The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, giving automakers more time to comply with some provisions about where [...]read moreU.S. loosens battery rules, potentially making more cars eligible for EV tax credits

U.S. hiring slowed in April, missing estimates

May 3, 2024 mpsingh No Comments Real estate April, estimates, Featured Homepage, Federal Reserve, Hiring, inflation, Jobs Report, Missing, slowed, U.S

The U.S. economy added 175,000 jobs in April, less than in March and below what economists had expected. April’s rate also fell below the average monthly gain of 242,000 over the prior 12 months. Meanwhile, the change in total nonfarm payroll employment for March was revised up by 12,000, from 303,000 to 315,000, according to [...]read moreU.S. hiring slowed in April, missing estimates

Microsoft bans U.S. police departments from using enterprise AI tool for facial recognition

May 3, 2024 mpsingh No Comments Technology bans, departments, Enterprise, Facial, Microsoft, police, recognition, Tool, U.S

Microsoft has changed its policy to ban U.S. police departments from using generative AI for facial recognition through the Azure OpenAI Service, the company’s fully managed, enterprise-focused wrapper around OpenAI technologies. Language added Wednesday to the terms of service for Azure OpenAI Service prohibits integrations with Azure OpenAI Service from being used “by or for” [...]read moreMicrosoft bans U.S. police departments from using enterprise AI tool for facial recognition

Microsoft bans U.S. police departments from using enterprise AI tool

May 3, 2024 mpsingh No Comments Technology bans, departments, Enterprise, Microsoft, police, Tool, U.S

Microsoft has changed its policy to ban U.S. police departments from using generative AI through the Azure OpenAI Service, the company’s fully managed, enterprise-focused wrapper around OpenAI technologies. Language added Wednesday to the terms of service for Azure OpenAI Service prohibits integrations with Azure OpenAI Service from being used “by or for” police departments in [...]read moreMicrosoft bans U.S. police departments from using enterprise AI tool

United HealthCare CEO says ‘maybe a third’ of U.S. citizens were affected by recent hack

May 2, 2024 mpsingh No Comments Technology Affected, CEO, citizens, Hack, Healthcare, U.S, United

Two months after hackers broke into Change Healthcare systems stealing and then encrypting company data, it’s still unclear how many Americans were impacted by the cyberattack. Last month, Andrew Witty, the CEO of Change Healthcare’s parent company UnitedHealth Group, said that the stolen files include the personal health information of “a substantial proportion of people [...]read moreUnited HealthCare CEO says ‘maybe a third’ of U.S. citizens were affected by recent hack