Biden Appeal Opens a New Front in Battle Over Internet Speech
source link: https://finance.yahoo.com/news/biden-administration-appeal-ban-social-223448238.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Biden Appeal Opens a New Front in Battle Over Internet Speech
(Bloomberg) -- The Biden administration’s battle with Republican-led states over free-speech limits escalated with its appeal of a judge’s sweeping order barring federal officials and agencies from communicating with social media companies over postings they deem objectionable. It’s the latest example of the judiciary flexing its muscles in cases testing the bounds of the First Amendment online.
Most Read from Bloomberg
The US Justice Department filed a notice of appeal in federal court in Louisiana on Wednesday, signaling its intent to take the fight to the 5th US Circuit Court of Appeals in New Orleans.
The DOJ also plans to ask the court to put the judge’s order on hold during the appeal, according to a person familiar with the case. The case could swiftly land before the US Supreme Court if the government’s request is rejected.
Courts have played a star role mediating fights in recent years over how tech giants moderate what goes on their platforms. With federal law largely shielding companies against being sued over what’s posted online, challengers have increasingly shifted the legal fight to the constitutional arena, probing the relationship between the government and the private sector.
US District Judge Terry Doughty’s injunction on Tuesday represents a break with judges who have been wary of extending the First Amendment’s speech protections to content decisions made by companies, even in situations where government officials tried to exert influence, said Genevieve Lakier, a constitutional law expert at the University of Chicago Law School.
“I was shocked,” said Lakier, who had been following the litigation. “It’s just so broad.”
- Reuters
Argentina to push July IMF debt payments to month-end -source
Argentina will push loan repayments due to the International Monetary Fund (IMF) in July to the end of the month, a person familiar with the matter at the Ministry of Economy said on Wednesday. The payments total $2.6 billion for the month and include $1.3 billion due on Friday. Argentina struck a $44 billion loan deal with the IMF last year to replace a failed 2018 program.
1h ago - Zacks
Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
14h ago - Yahoo Finance
The tricky story behind a US manufacturing downturn: Morning Brief
New manufacturing data casts a shadow on the very positive final week of June — but, like many things, it's complicated.
17h ago - Bloomberg
PBOC Extends Yuan Support After Offering Reassuring Rhetoric
(Bloomberg) -- China’s central bank extended support for the yuan via a stronger daily reference rate, a day after its flagship newspaper reassured investors that authorities have sufficient ammunition to stabilize the weakening currency. Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature R
1h ago - Bankrate
Student loan debt statistics
Average student loan debt continues to rise in the United States.
4h ago - Reuters
Biden administration appeals ban on social media contacts
The Biden administration on Wednesday appealed a federal judge's ruling restricting some agencies and officials from meeting and communicating with social media companies to moderate their content, according to a court filing. The notice of appeal filed on Wednesday signals the government's plan to ask the U.S. Court of Appeals for the Fifth Circuit in New Orleans to review the ruling in a lawsuit challenging the Biden administration's efforts to persuade social media companies to police posts it considered disinformation. The lawsuit, brought by Republican attorneys general in Louisiana and Missouri, alleged that U.S. government officials went too far in efforts to encourage social media companies to address posts they worried could contribute to vaccine hesitancy during the COVID-19 pandemic or upend elections.
4h ago - Reuters
Dollar firms on rate hike views after Fed minutes, yen treads water
The dollar was broadly higher on Thursday, after the release of minutes from the Federal Reserve's latest policy meeting cemented market expectations for a rate hike this month. In Asia, the yen hovered near the key 145 per dollar level that spurred intervention by Japanese authorities last September, while a faltering economic recovery in China continued to put downward pressure on the yuan. Minutes of the Fed's June meeting released on Wednesday showed that the vast majority of policymakers expect further tightening in U.S. monetary policy, even as they agreed to hold interest rates steady last month.
2h ago - Bloomberg
Zuckerberg Posts First Tweet in 11 Years in Threads Jibe at Musk
(Bloomberg) -- Mark Zuckerberg posted his first tweet in more than a decade, a playful jab at Elon Musk on the day the Meta Platforms Inc. founder rolled out a much-anticipated Twitter substitute.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Minutes Rev
1h ago - AP Finance
Vermont will pay $16.5M to settle lawsuits by foreign investors in fraudulent ski developments
The state of Vermont has agreed to pay $16.5 million to settle all pending and potential lawsuits from foreign investors in development projects at the Jay Peak resort, the ski area that was shaken by a massive fraud case involving its former owner and president, officials said Wednesday. In 2016, the federal Securities and Exchange Commission and the state alleged that former Jay Peak owner Ariel Quiros and former president William Stenger took part in a “massive eight-year fraudulent scheme.” The civil allegations involved misusing more than $200 million of about $400 million raised for various ski area developments from foreign investors through a visa program.
5h ago - Reuters
Striking Los Angeles hotel staffers return to work, more walkouts threatened
Thousands of Los Angeles-area hotel staffers returned to work on Wednesday from a three-day strike without a contract, but union leaders threatened further walkouts to come as they push for improved wages, benefits and working conditions. Several thousand hotel workers represented by Unite Here Local 11 walked off the job on Sunday in a strike that union officials said spread to 19 hotels in Los Angeles and Orange counties in the midst of the July Fourth holiday weekend. A Unite Here spokesperson, Maria Hernandez, said the picketers were all back on the job as of Wednesday morning, ending for now one of the largest work stoppages to hit the U.S. hospitality industry in recent years.
5h ago - Bloomberg
US Considers Limits on Cloud Computing For China
(Bloomberg) -- The US is considering restrictions on China’s access to computing over the Internet, or the cloud, as part of attempt to limit that country’s ability to develop artificial intelligence capabilities, according to a person familiar with the discussions.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth K
5h ago - CoinDesk
BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’
BlackRock (BLK) CEO Larry Fink said crypto, specifically bitcoin (BTC), could revolutionize the financial system in an interview with Fox Business on Wednesday.
7h ago - Bloomberg
Instagram Unveils Threads App, a Threat to Musk’s Twitter
(Bloomberg) -- Meta Platforms Inc.’s Instagram officially unveiled Threads, an app designed as a direct rival to Twitter, launching the most serious threat yet to Elon Musk’s struggling social-media site.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Min
3h ago - Yahoo Finance
Bud Light's troubles may extend into fall Oktoberfest season
The Bud Light sales rebound may not materialize until sometime in 2024.
11h ago - Zacks
Why ZTO Express (Cayman) Inc. (ZTO) is a Top Growth Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
14h ago - Zacks
Implied Volatility Surging for Ericsson (ERIC) Stock Options
Investors need to pay close attention to Ericsson (ERIC) stock based on the movements in the options market lately.
15h ago - Bloomberg
Top Asia IPO Gainers Are in Japan as Nation Lures Global Funds
(Bloomberg) -- Japanese initial public offerings may keep luring buyers after having delivered the biggest gains among newly listed Asian shares this year in the world’s best-performing equity market.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Minutes
4h ago - Business Insider
Stocks could crash 25% with Fed rate hikes set to trigger a recession before the end of 2023, strategist says
The economy "will soon be one of the biggest threats to equity prices," FS Investments' Troy Gayeski said.
10h ago - Bloomberg
Oil Rises With Inventory Draws Expected in Wake of OPEC+ Cuts
(Bloomberg) -- Oil rose as traders weighed Saudi Arabian and Russian production cuts after a slew of low-volume trading sessions.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Minutes Reveal Divisions Over Decision to Pause in JuneThe two OPEC+ linchpins
8h ago - Yahoo Finance
Stocks end lower amid China headwinds, Fed minutes: Stock market news today
Stocks dropped at the open Wednesday, as investors eyed headwinds for the global economy and braced for the release of Federal Reserve minutes.
7h ago - USA TODAY
It may not be safe to mail checks anymore. U.S. Postal Service shares tips to fight rise in crime.
Robberies of mail carriers and cases of mail theft are rising, the U.S. Postal Service says. You may want to be careful when you mail your rent check.
16h ago - AP Finance
Iran tried to seize 2 oil tankers near Strait of Hormuz and fired shots at one of them, US Navy says
Iran tried to seize two oil tankers near the strategic Strait of Hormuz early Wednesday, opening fire on one of them, the U.S. Navy said. It said that in both cases, the Iranian naval vessels backed off after the U.S. Navy dispatched a guided missile destroyer to the scene, and that both commercial ships continued their voyages. “The Iranian navy did make attempts to seize commercial tankers lawfully transiting international waters,” said Cmdr. Tim Hawkins, spokesman for the U.S. Navy's Fifth Fleet.
15h ago - Reuters
US says it opposes export controls by China on metals, will consult allies
The United States "firmly" opposes export controls announced by China on gallium and germanium, metals needed to produce semiconductors and other electronics, a U.S. Commerce Department spokesperson said on Wednesday, adding that Washington will consult its partners and allies to address the issue. Earlier this week, China put export controls on gallium and germanium products, used in electric vehicles (EVs) and fiber optic cables.
8h ago - The Wall Street Journal
Republicans’ New Border Plan: Send Military Into Mexico
WASHINGTON—Republicans running for president and in Congress are coalescing around a controversial way to wage war against illegal drugs—sending the U.S. military into Mexico. Former President Donald Trump, who has previously called for building a wall along the southern border and giving drug dealers the death penalty, has also proposed creating a naval blockade of Mexico to prevent drugs like illicit fentanyl from entering the U.S. His leading opponent in the 2024 GOP nomination race, Florida Gov. Ron DeSantis, promised last week to use “deadly force” against anyone caught smuggling drugs across the border.
12h ago - Zacks
Boeing (BA) Wins $795M Contract to Procure Military Aircraft
Boeing's (BA) expertise lies in a wide variety of defense aircraft and jet components, repairs and modification-related programs.
2d ago - Business Insider
Russia's crude oil exports show little sign of slowing, but energy revenue is tumbling
Russia's revenue from gas and oil taxes dropped 26% in June from a year ago, according to the finance ministry.
4h ago - The Wall Street Journal
Why Biden Goes Silent at Some Key Moments
While the president’s allies say there are clear reasons for the strategy, potential downsides are involved in having the nation’s leader be quiet at crucial junctures.
2d ago - Reuters
Saudi Arabia says new oil cuts show teamwork with Russia is strong
Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday. OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia which pumps around 40% of the world's crude, has been cutting oil output since November in the face of flagging prices. Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil supply cuts on Monday in an effort to send prices higher.
17h ago - Bloomberg
Bond Yields Higher as Another Rate Hike Signaled: Markets Wrap
(Bloomberg) -- Yields on US Treasuries climbed while stocks slipped as traders digested commentary from Federal Reserve officials’ last meeting.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Minutes Reveal Divisions Over Decision to Pause in JuneThe S&P
7h ago - Bloomberg
Yellen to Visit China Amid Tensions
Bloomberg's Wendy Benjaminson and Enda Curran discuss US Treasury Secretary Janet Yellen's upcoming trip to China and what the intentions of the trip are. They also talk about President Biden's support of Sweden to join NATO. Wendy and Enda speak with Annmarie Hordern on Bloomberg's "Balance of Power."
5h ago - Yahoo Finance
'The virus could still surprise us': Former White House COVID czar Jha
COVID-19 may be in retreat, but that doesn't mean it's completely gone, says former White House COVID-19 Response Coordinator Dr. Ashish Jha.
8h ago - Reuters
Oil prices steady as China demand fears offset tighter supply forecasts
Oil prices moved little in early Asian trade on Thursday as the prospect of tighter supply with output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in U.S. crude stocks were offset by worries over a sluggish demand recovery in China. Brent crude futures was down 2 cents to $76.63 a barrel by 0038 GMT after settling up 0.5% the previous day. "Saudi's supply curb announcement and expectations for a possible further reduction are supporting oil prices," said Tatsufumi Okoshi, senior economist at Nomura Securities, adding a bigger-than-expected drop in U.S. crude stocks also supported sentiment.
2h ago - FreightWaves
Former mail contractor says he, others owed thousands in back pay
A former driver for Ameritrans Express, a contract delivery company that hauls mail for the U.S. Postal Service, says he and other workers wonder whether they will be paid after the company filed for bankruptcy protection. The post Former mail contractor says he, others owed thousands in back pay appeared first on FreightWaves.
7h ago - Bloomberg
ESG Veteran Says Recession Odds Expose Leverage Trap in Strategy
(Bloomberg) -- A recession is coming, and ESG investors may be among those who stand to lose the most.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Minutes Reveal Divisions Over Decision to Pause in JuneThat’s according to James Penny, the chief investm
8h ago - Business Insider
Nobel laureate Paul Krugman cites the 'misery index' as proof of the US's economic strength
"By most measures the economy is doing quite well," the top economist said Monday, citing the so-called "misery index" as evidence of a turnaround.
1d ago - AP Finance
US gives go-ahead for Orsted's New Jersey offshore wind farm to start construction
The federal government gave the go-ahead Wednesday for New Jersey’s first offshore wind farm to begin construction, clearing the way for the first of at least three — and likely many more — such projects in a state trying to become the East Coast leader in wind energy. The U.S. Bureau of Ocean Energy Management approved a construction and operations plan for Ocean Wind I, a wind farm to be built by Danish wind energy company Orsted between 13 and 15 miles off the coast of Atlantic City. Additional approvals from the Bureau of Ocean Energy Management, the U.S. Army Corps of Engineers, the National Marine Fisheries Service, and the U.S. Environmental Protection Agency still must be obtained, which Orsted estimates will happen by the second quarter of 2024.
7h ago - Reuters
GM says it could face compliance challenges under new emissions rules
WASHINGTON (Reuters) -General Motors said on Wednesday it could face compliance challenges under the Environmental Protection Agency's proposed vehicle emissions rules and other state and federal regulations, as it cited requirements on electric vehicles. The largest U.S. automaker said in comments submitted to the EPA that there are six state and federal regulations that "could require each automaker to exceed 50% EVs in at least a dozen vehicle averaging sets in the approximate 2030 timeframe."
8h ago - Barrons.com
The U.S.-China Tech War Just Intensified. Why Microsoft and Amazon Are at Risk.
As Treasury Secretary Janet Yellen prepares to visit China later this week in a bid to improve relations, the two countries have succeeded in doing the complete opposite.
2d ago - Reuters
Exclusive-PwC Australia ties Google to tax leak scandal, sources say
SYDNEY (Reuters) -PwC Australia provided Google confidential information about the start date of a new tax law leaked from Australian government tax briefings, according to two sources familiar with the matter. PwC is facing scrutiny because several years ago a former partner, Peter Collins, who advised the Australian government on anti-tax avoidance laws shared confidential drafts with colleagues about the government's plans that were then used to drum up business with multinational companies.
15h ago - CoinDesk
Israeli Lawmakers Support Axing Crypto Capital Gains Tax for Foreigners
A bill exempting foreign residents from capital gains taxes on crypto sales, and lowering tax on stock-options-like crypto options for employees has passed a preliminary reading in the Knesset.
9h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK