Legal woes pile up for Trump allies: Giuliani, Meadows, and more indicted in Arizona election interference case
Business Insider
by Kelsey Vlamis,Erin Snodgrass
5m ago
Former President Trump at rally in Ohio March 16, 2024. Scott Olson/Getty Images Rudy Giuliani and Mark Meadows are among those indicted in an Arizona election interference case. Multiple Trump allies and Arizona GOPers were charged with felony counts, including conspiracy. The indictment also appeared to list former President Donald Trump as "Unindicted Coconspirator 1." Prosecutors charged Rudy Giuliani, Mark Meadows, and a slate of Arizona Republicans with multiple felonies in a 58-page indictment made public on Wednesday. The charges are related to what prosecutors allege were efforts to ..read more
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Mark Zuckerberg laid out 3 ways Meta will make money from its huge AI investments
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by Kali Hays
1h ago
Meta CEO Mark Zuckerberg Brendan Smilalowski/AFP via Getty, Tyler Le/BI Mark Zuckerberg has recently become "more ambitious" about Meta's ability to win in AI. He now plans to spend around $40 billion this year, largely on AI investments. In the next few years, Zuckerberg sees three ways AI can become a "massive business" for Meta. Mark Zuckerberg is now convinced that Meta is a top AI company, and he even knows how the technology will become a significant source of profit in the years ahead. With the recent release of Llama 3, Meta's latest AI model, Zuckerberg said he became "more ambitiou ..read more
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Mark Zuckerberg appeared to take a shot at Apple's Vision Pro
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by Ana Altchek
1h ago
Mark Zuckerberg threw shade at the Apple Vision Pro again. Pablo Porciuncula/Getty Mark Zuckerberg appeared to take a jab at Apple's Vision Pro during Meta's Q1 earnings call. The CEO said he sees a mainstream market for AI glasses without a display. Meta's smart glasses, developed with Ray-Ban, feature AI, a camera, and built-in speakers. Meta CEO Mark Zuckerberg seemed to take a hit at Apple's Vision Pro in Meta's first-quarter earnings call on Wednesday. Zuckerberg said he didn't think augmented reality glasses would make it in the mainstream market until it had "full holographic displays ..read more
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Chipotle says California's minimum wage pushed menu prices up nearly 7%
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by Dominick Reuter
3h ago
Chipotle says California's new fast food minimum wage laws drove a 20% increase in wages for its restaurant staff in the state. Justin Sullivan/Getty Images The effects of California's $20 minimum wage for fast food workers are starting to show. Chipotle said the law raised wages at its restaurants by roughly 20%. This translated to a 7% menu price increase at Chipotle locations in California.  California's $20 wage for fast food workers is just a few weeks old, and the effects on workers and customers are beginning to emerge. At Chipotle, the law drove a 20% increase in wages for its r ..read more
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Michael Cohen says he's going to gag himself and stop criticizing Trump online until after he's done testifying in the hush-money trial
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by Brent D. Griffiths
4h ago
Michael Cohen and former President Donald Trump. REUTERS/Eduardo Munoz; Joe Raedle/Getty Images Michael Cohen said he would briefly stop talking about Donald Trump during Trump's Manhattan criminal trial. Cohen is a key witness to what prosecutors allege was a scheme to falsify business records to cover up hush money. But until now, Cohen has continued to talk about Trump and the case. Michael Cohen, Donald Trump's ex-personal attorney, has now pledged to stop talking about the former president until after his testimony in the former president's ongoing hush-money trial over. "Despite not be ..read more
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House Speaker Mike Johnson calls for Columbia president's ousting, echoing a familiar and effective threat
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by Grace Eliza Goodwin
4h ago
House Speaker Mike Johnson (left) and Columbia University President Nemat "Minouche" Shafik (right). Win McNamee, Alex Wong/Getty Images House Speaker Mike Johnson wants Columbia University's President out. Johnson and other House Republicans have criticized her handling of campus protests and antisemitism. Pro-Palestinian student protests have been roiling Columbia's campus since last week. House Speaker Mike Johnson wants Columbia University's president to resign, calling her "inept" and "weak." Johnson, who is visiting Columbia on Wednesday, has railed against Nemat "Minouche" Shafik's ha ..read more
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TikTok's CEO is feeling the pressure and users are freaking out
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by Jordan Hart
4h ago
Shou Chew spoke directly to TIkTok users in a Wednesday clip. Anna Moneymaker/Getty Images TikTok's CEO is calling its users to action to support the app against US lawmakers seeking a ban. President Biden signed a bill that forces TikTok to be sold to an American company or face a ban. Users are freaking out over potentially losing access to their favorite app. TikTok CEO Shou Chew has issued a rallying cry to users that the company plans to fight a possible US ban. A foreign-aid bill passed Tuesday by the US Senate and signed by President Joe Biden Wednesday has millions of Americans ..read more
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Selena Gomez's makeup brand is worth $2 billion — but she has no plans to sell
Business Insider
by Amanda Krause
5h ago
Selena Gomez attends a Rare Beauty event in Beverly Hills, California. Stefanie Keenan/Getty Images Selena Gomez has shut down rumors that she's looking to sell her makeup brand, Rare Beauty. The line has been valued at $2 billion and has earned more than $70 million from blush sales alone. During the Time100 Summit, Gomez said she's "enjoying this a little too much." The rumors aren't true, according to Selena Gomez. She's not eager to sell her makeup brand. In March, Bloomberg reported that Gomez's company, Rare Beauty, had hired financial advisors to join meetings with potential investors ..read more
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The US is dealing with a rare bifurcation of the economy, and it's raising the odds of recession, Piper Sandler chief economist says
Business Insider
by Yuheng Zhan
6h ago
A recession is coming in 2024 Getty Images The US economy is facing a rare and difficult bifurcation, says Piper Sandler's head economist. Big companies have withstood or even benefited from high rates, while consumers are feeling the squeeze.  The economist forecasts 53% odds of recession but adds that one is needed to bring down inflation.  The US is navigating a "bifurcated" economy that's only been seen twice before, with both times ending in a recession, according to a top economist. Nancy Lazar, Piper Sandler's chief global economist, told Fox Business Network on Wednesday th ..read more
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Google's controversial move to kill the web cookie just got delayed until 2025
Business Insider
by Ana Altchek
6h ago
Google is delaying when it will end the web cookie. Sean Gladwell/Getty Google delayed the removal of third-party cookies from Chrome again. The move gives companies more time to prepare for the removal of cookies, following pushback. Google plans to phase out cookies in 2025, subject to approval from the CMA and ICO. Google is delaying its removal of third-party cookies on Chrome — again. The company has delayed rolling out the removal multiple times since announcing the change in January 2020. It cited industry and regulatory pushback as the "significant considerations" behind the del ..read more
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