Debt ceiling: Still no plan to avoid a default, but major shifts in posture
After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.
2023-05-13 04:55
Robocall company behind 'billions' of illegal calls sued by FTC
WASHINGTON XCast Labs, a company accused of helping make billions of illegal robocalls, was sued on Friday by
2023-05-13 04:18
Factbox: Linda Yaccarino - the advertising executive Musk picked as new Twitter CEO
Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter's new CEO, as the company tries
2023-05-13 03:56
Debt ceiling worries deepen as early June U.S. default reinforced
By Richard Cowan WASHINGTON The Washington standoff over raising the U.S. government's $31.4 trillion borrowing limit is adding
2023-05-13 03:27
Inflation in Argentina leaves families struggling to feed themselves
Gimena Páez could barely pay her bills
2023-05-13 02:17
Biden to meet congressional leaders on debt early next week - White House
By Jeff Mason WASHINGTON President Joe Biden is expected to meet with Republican House Speaker Kevin McCarthy and
2023-05-13 02:16
Linda Yaccarino: How Elon Musk may have hired his biggest critic to head Twitter
Twitter is getting a new boss after current CEO Elon Musk announced on Friday that he has found a replacement: advertising executive Linda Yaccarino. The tech billionaire named the new chief executive less than a month after she interviewed him on a panel, titled “Twitter 2.0: From Conversations to Partnerships”, hosted by her current employer NBCUniversal. The event gave an insight into how she views both the tech billionaire and her vision for the future of Twitter, revealing some significant concerns she had about his takeover of the company. When discussing his tenure so far as the head of Twitter, Mr Musk said it had been “entertaining”, adding “train wrecks arguably are entertaining.” Ms Yaccarino responded: “Train wrecks happen sometimes if you’re dedicated [but] you’ve got to be dedicated to fixing them.” After noting that he had gone from a “consumer of a product you loved, to now the owner”, she added: “It might be a ‘be careful what you ask for’ type of thing.” She also said she did not always like his tweets and suggested Mr Musk should be “held to a different or higher standard” as both the most-followed account on Twitter and its owner. “A lot of people think you might be too provocative,” she said, adding that he should give up his late-night tweeting. “Will you commit to being a little more specific and not tweet after 3am?” she asked. “People in this room would like to see that. It would make them feel more confident.” Twitter is seen by Mr Musk as an accelerant to his goal of creating an “everything app”, which he has called X. This will allow users to conduct business on the platform, which will be a big draw for advertisers who can target customers with direct in-app purchases. It is a vision that Ms Yaccarino appeared to favour in her meeting with Mr Musk. In one of her relatively rare tweets, she also recently expressed another shared goal for how “Twitter 2.0” will look: the return of the short-form video-sharing feature Periscope. She also encouraged Mr Musk to reinstate Twitter’s Influence Council of marketers and advertising executives that allowed industry figures to give direct feedback on how they wanted the platform to look. She told Mr Musk: “The people in this room are your accelerated path to profitability. But there’s a decent bit of sceptics in the room... There’s people who cannot separate the man, his opinions, and the microphone that he now owns.” Ms Yaccarino will now potentially take charge of that microphone, offering a way for advertisers who left the platform to credibly distance themselves from the controversial billionaire. The Independent has contacted NBCUniversal for comment, and Twitter responded with its customary poop emoji. Read More Twitter backlash after Elon Musk gives blue tick to users without consent Elon Musk announces Linda Yaccarino as new CEO of Twitter Elon Musk says he has hired new CEO of Twitter Elon Musk warns people not to trust Twitter’s new feature
2023-05-13 01:46
I Traveled Like A Succession Character & “Quiet Luxury” Finally Made Sense
Welcome to Travel Week, a seven-day stretch where we celebrate our wanderlust with the best buys on everything from stylish packing cubes to keep you organized to once-in-a-lifetime vacations. Whether you’re planning a local staycation or traveling across the world, adventure awaits. Away we go!
2023-05-13 01:21
Inflation in Argentina leaves familes struggling to feed themselves
Gimena Páez could barely pay her bills
2023-05-13 01:20
Resolve debt limit dispute or no pay for U.S. lawmakers, House Democrat says
By Moira Warburton WASHINGTON Lawmakers in the U.S. Congress should have their pay frozen until the fight over
2023-05-13 01:17
Amid banking woes, faltering US small-caps offer ominous economic sign
By Lewis Krauskopf NEW YORK A U.S. stocks rally is leaving behind smaller companies, a sign that investors
2023-05-13 01:17
How Lyft's new CEO is 'copying' his former boss Jeff Bezos to turn around the company
David Risher had a rocky first week at his job.
2023-05-13 01:16
You Might Like...
Kazakhstan says 32 killed in ArcelorMittal mine fire
Laggard Italy battles EU over green car transition
Fitch downgrades US credit rating after debt limit standoffs
South Korea hails successful launch of homegrown rocket
Schumer gives U.S. senators 24-hour return notice as debt talks proceed
US consumer inflation holds steady in September
Russian central bank hikes key rate after ruble falters
Golf-PGA Tour and Saudi-backed LIV to merge