State California Financial News

22.03 / 17:47
markets COST UPS wellness Courts Hard to get, or anti-competitive?
Hermes is facing a class-action suit in California for 'forcing' customers to buy more of its accessories and trot up a 'sufficient purchase history' if they hope to purchase the French luxury design house's iconic Birkin bag. The plaintiffs are arguing this is anti-competitive behaviour that coerces consumer behaviour to become eligible for a 'sale'.
22.03 / 16:39
markets Fighting Mobile track ESPN Courts Sporting Firing of Ohtani's interpreter highlights how sports betting is still illegal in California
The firing of Shohei Ohtani’s interpreter by the Los Angeles Dodgers over allegations of illegal gambling and theft has highlighted an issue many outside of California don’t realize: Sports betting is still against the law in the nation’s most populous...
22.03 / 16:39
Digital Bill President Photos Celebrity voice Videos New bipartisan bill would require online identification, labeling of AI-generated videos and audio
New bipartisan legislation introduced in the House would require the identification and labeling of online content generated using artificial intelligence
22.03 / 16:37
UPS Provident Corning Research trends Universities With organic fields next door, conventional farms dial up the pesticide use, study finds
Champions of organic farming have long portrayed it as friendlier to humans and the earth
22.03 / 16:37
markets COST Analysis BAY reports Department State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market
Insurance giant State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer
22.03 / 16:37
Citi Progressive Fighting BAY 2020 Courts rights California Democratic lawmakers seek ways to combat retail theft
California lawmakers are split on how to best address the retail theft cases that have proliferated in the state
22.03 / 16:37
FTX Silvergate Bank San Diego Federal Court Denies Silvergate’s Dismissal Motion in FTX Fraud Case
The San Diego federal court has ruled that Silvergate Bank must face a class-action lawsuit filed by FTX users which alleges that the bank aided fraud at the exchange and its associated trading firm, Alameda Research.
22.03 / 16:37
Apple Lawsuit US DoJ US DOJ Files Lawsuit Against Apple Over Unfair Rules Targeting Crypto Apps
The Department of Justice (DOJ) and 16 state and district attorneys general have filed a civil antitrust lawsuit against Apple, accusing the tech giant of monopolizing or attempting to monopolize smartphone markets in violation of Section 2 of the Sherman Act.
22.03 / 15:37
markets Provident Target Action prevention Courts Relationships Washington advisor sues Hightower over noncompete language
Hightower Advisors is facing another legal challenge as a leading advisor in its network files a complaint against the firm in Washington.
21.03 / 19:27
UPS Google Strategy Software NVIDIA innovations Microsoft’s Inflection point: Acquire what you can’t create
It’s almost impossible for an artificial intelligence (AI) startup to build anything as good as ChatGPT, but a company called Inflection was getting there. Last year the Palo Alto, California-based firm raised $1.3 billion in a single fund-raising round to turn its chatbot Pi into a personal assistant for everything. It built up a phenomenal cache of computing power, gaining access to thousands of coveted graphics-processing unit chips from Nvidia and was on track to surpass OpenAI’s free version of ChatGPT with a model it had built, remarkably, from scratch.
21.03 / 01:09
markets UPS Fox CEO President show Mortgage rates to stay above 6% through 2025, Fannie Mae says
Hennion & Walsh Asset Management President and CIO Kevin Mahn reacts to a Zillow economist warning a 7% mortgage rate could be the new normal on ‘The Big Money Show.’
21.03 / 00:41
UPS Waters Chevron Fishing Wildlife Department Chevron agrees to pay more than $13 million in fines for California oil spills
Chevron has agreed to pay more than $13 million in fines for dozens of past oil spills in California
20.03 / 18:37
UPS Platform Fighting Apple Software Meta Platforms Courts Apple Faces Legal Protest From Meta, Microsoft, X and Match
Meta Platforms, Microsoft, X and Match Group filed a legal petition protesting Apple’s app store policies, objecting to how the tech giant has complied with a federal court ruling that ordered Apple to allow alternative payment methods. The four companies, which have some of the most popular apps on the app store, join Fortnite-maker Epic Games in protesting Apple’s plan to charge a commission for payments made outside the app store. The briefing underscores the extent to which Apple’s rivals and other technology players intend to continue fighting to force the iPhone maker to loosen its tight controls over third-party software.
20.03 / 11:58
UPS Volkswagen Action President reports Investigations Maker of Jeep, Dodge and Ram vehicles to follow California's strict emissions standards
A major automaker made a deal with California to cut greenhouse gas emission from cars as the state transitions away from gas-powered vehicles
20.03 / 11:57
Provident Landmark Food country reports patient rights Contraceptives will be available without a prescription in New York following a statewide order
Contraceptives will be available without a prescription in New York under an order signed by state health officials
20.03 / 11:57
Apple wellness track prevention Features rights Judge denies Apple's attempt to dismiss a class-action lawsuit over AirTag stalking
A judge has denied Apple’s motion to dismiss a class-action lawsuit claiming that stalkers are using its AirTag devices to track victims — and that the tech giant hasn’t done enough to prevent them
20.03 / 01:47
markets FIVE NVIDIA DELL Schools India’s IT will be the ‘front-office’ of world’s AI revolution: Nvidia's Jensen Huang
India’s technology professionals are emerging to be the ‘front-office’ of the world's artificial intelligence (AI) revolution by reskilling themselves with AI-native skills, Jensen Huang, chief executive, Nvidia said. “India has the largest population of IT professionals, there is no question they will be reskilled for AI,” Huang said.
20.03 / 01:47
Racing Election President 2020 reports Biden and Trump notch wins in Tuesday's primaries. Other races will offer hints on national politics
Joe Biden and Donald Trump won their party's primaries in Illinois on Tuesday, notching more delegates as they continue their march to a rematch in this November's presidential election. Biden, a Democrat, and Trump, a Republican, also easily won primaries Tuesday in Ohio. Trump also won Florida's Republican primary. There was no contest for Biden to win in Florida as Democrats there canceled their primary and opted to award all 224 of their delegates to him, a move that has precedence for an incumbent president. Trump and Biden are also expected to easily win primaries Tuesday in Arizona and Kansas, banking more support after becoming their parties' presumptive nominees last week.

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