A recent report released by idealogues is pushing progressive leaders in the United States toward buying or collaborating with media outlets and influence channels in order to counter the supposed dominance of conservative media in the country. The June 2023 report (pdf) characterized the demise of left-wing outlets like BuzzFeed News and the bankruptcy of…
Progressive Leaders Encouraged to Buy Media Outlets for Boosting Influence Over Americans: Report
June 20, 2023
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‘Measure Outcomes, Not Hours Worked’ to Increase Employee Productivity: Analyst
A recent survey found that 1 in 7 Americans admit they only work for about 3 to 4 hours on average each day when working remotely. Nearly 3 out of 4 remote workers are scrolling through social media during their workday, while more than a third are shopping. NTD speaks to Ira Wolfe, recognized as…
Anheuser-Busch Exec Has Candid Response to Bud Light Backlash From Customers
An executive with Bud Light maker Anheuser-Busch said the boycott against the brand was a “wake-up call” and claimed the light beer will make a comeback. Bud Light, in a social media promotional campaign, produced a beer can with transgender activist Dylan Mulvaney in early April, drawing immediate backlash. Some country singers and conservative influencers…
Wall Street Kicks Off Week Lower on Fed Worries; PayPal Climbs
U.S. stock indexes opened lower on Tuesday following hawkish commentary from some Federal Reserve officials last week, while PayPal climbed after agreeing to sell a part of its European buy now, pay later loans. The Dow Jones Industrial Average fell 92.46 points, or 0.27 percent, at the open to 34,206.66. The S&P 500 opened lower…
Alibaba CEO Stepping Down, Billionaire Joseph Tsai Named as New Chairman
Chinese e-commerce company Alibaba is replacing Daniel Zhang as chairman and CEO, the tech giant announced on June 20, following a slowdown in sales and mass layoffs. In a news release, the company said that Joseph Tsai, its current executive vice chairman, will step into the role of chairman on Sept. 10, after which Zhang will continue to lead Alibaba…
Uninsured Deposits in US Banks Decline by Nearly $600 Billion
Uninsured deposits at U.S. banks fell by almost $600 billion in the first quarter of 2023, continuing the trend of declining deposits that began last year, suggesting a fall in depositors’ confidence in the banking system. “US banks’ uninsured deposits have fallen since the first quarter of 2022, by both the dollar amounts of uninsured…
Uninsured Deposits in American Banks Decline By Nearly $600 Billion
Uninsured deposits at American banks fell by almost $600 billion in the first quarter of 2023, continuing the trend of declining deposits that began last year, suggesting a fall in depositors’ confidence in the banking system. “US banks’ uninsured deposits have fallen since the first quarter of 2022, by both the dollar amounts of uninsured…
China’s Smaller-Than-Expected Rate Cut Sends Stocks Lower
June 20, 2023
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HONG KONG/LONDON—European and Asian stocks fell on Tuesday after China cut interest rates by less than expected and the market awaited more details on Beijing’s plans to shore up a stuttering economic recovery. China cut its benchmark loan prime rates (LPR) for the first time in 10 months on Tuesday, with a smaller-than-expected 10-basis point…
Electric Aircraft Maker Eve Partners With Blade to Expand ‘Flying Cars’ in Europe
Electric air vehicle manufacturer Eve Air Mobility said Monday that it would extend its existing partnership with Blade Air Mobility to integrate its upcoming “flying cars” into Blade’s European route network. The companies announced their extended partnership at the Paris Air Show held in Le Bourget on Monday, which will integrate Eve’s state-of-the-art electric vehicle…
AI ‘Bias and Prejudice’ Is the Theme at Upcoming Biden Meeting in Silicon Valley
June 20, 2023
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President Joe Biden will meet with activists, academics, and tech executives on June 20 to discuss artificial intelligence. The latest of many recent Biden AI moves, it’s another signal of his administration’s continued focus on race and “algorithmic discrimination” in its attempts to control the evolution of the burgeoning technology. In a June 19 statement…
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