Author: Press Room

Former President Donald Trump on Monday filed a notice of appeal of the New York civil judgment finding him liable for fraudulently inflating his net worth on years of financial statements.The legal challenge came less than two weeks after Judge Arthur Engoron ordered Trump to pay more than $450 million in fines and interest for his fraudulent business practices.Engoron also barred Trump for three years from running a business in New York or applying for loans from financial institutions registered with the state.Trump’s post-judgment interest will continue to accrue at $111,984 each day until it is paid, according to the…

The US Supreme Court is hearing oral arguments Monday in two cases that could dramatically reshape social media, weighing whether states such as Texas and Florida should have the power to control what posts platforms can remove from their services. The high-stakes battle gives the nation’s highest court an enormous say in how millions of Americans get their news and information, as well as whether sites such as Facebook, Instagram, YouTube and TikTok should be able to make their own decisions about how to moderate spam, hate speech and election misinformation. At issue are laws passed by the two states…

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Last updated: February 26, 2024 09:01 EST | 2 min read The Saudi Arabian government has launched a metaverse platform to display the country’s cultural heritage, including history, arts, and crafts.The Saudi Press Agency recently announced the launch of the metaverse initiative, which is supported by Artificial Intelligence (AI) and Generative Media Intelligence.Saudi’s new metaverse will see users explore the country’s cultural heritage through digital means by participating in simulated activities.Poised to create faster and more relative virtual worlds, Saudi authorities partnered with droppGroup and droppPhygical utilizing HyperLedger Fabric 2.5 blockchain technology to make the metaverse experience.The platform invites the…

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Amazon’s retail chief Doug Herrington has been hosting an “AI show and tell” in his office for the past year in an attempt to stay up-to-date on artificial intelligence and the related projects the company is working on.Herrington believes the current AI boom is more important than any of the past major technology shifts, like mobile or social, and warned employees that Amazon must stay ahead of the change if it wants to remain successful.His comments came during last week’s internal all-hands meeting, a recording of the event was obtained by Business Insider. Herrington shared some of the new projects…

Markets Review (All MSCI index returns are shown net and in U.S. dollars unless otherwise noted.) Sources: CAPS CompositeHubTM, Bloomberg Past performance is not indicative of future results. Aristotle International Equity Composite returns are presented gross and net of investment advisory fees and include the reinvestment of all income. Gross returns will be reduced by fees and other expenses that may be incurred in the management of the account. Net returns are presented net of actual investment advisory fees and after the deduction of all trading expenses. Aristotle Capital Composite returns are preliminary pending final account reconciliation. Please see important…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.President Volodymyr Zelenskyy has told the US that Ukraine needs the $60bn aid currently stuck in a congressional stand-off within a month.Zelenskyy said the long-awaited package was about military not financial support and that he was unsure Ukraine would be able to find the types and amounts of weapons it needed if the funding did not materialise.“Our position on the battlefield will be weaker [without it],” Zelenskyy said, speaking at a conference in Kyiv on Sunday.He gave the example of US-made…

Whitmer: Michigan primary ‘a very high-stakes moment’ Michigan Gov. Gretchen Whitmer tells CNN’s Dana Bash “I understand the pain that people are feeling” over the war in Gaza but warns that “any vote that’s not cast for Joe Biden supports a second Trump term.” Read the full article here

Shares of Hasbro Inc. took a dive Tuesday, after the toy maker reported fourth-quarter results that fell well short of expectations, amid sharp drops in consumer and entertainment sales and as inventory was halved. The company expects declines in 2024 revenue for both the Consumer Products and Wizards of the Coast business segments, while Wall Street was looking for roughly in-line performances. “While 2023 was challenging, and we still expect the toy industry to face near-term headwinds, we believe we’re taking the necessary steps to turn around our consumer products business,” Hasbro HAS, -1.14% Chief Executive Chris Cocks said during a…