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Category: SRN News

Trading Day: Tech melt

By Jamie McGeever ORLANDO, Florida, Oct 14 (Reuters) – US stocks fell sharply on Wednesday, with the Nasdaq clocking its biggest fall in three months, on surprisingly strong inflation data and deepening worries over the costs involved in financing the AI buildout. The inflation figures…

US states seek children’s data protections in Character.AI bankruptcy

By Dietrich Knauth Oct 14 (Reuters) – A group of 40 state attorneys general on Wednesday urged a US bankruptcy judge in Delaware to protect young users of Character.AI and keep their data safe during the AI companion company’s bankruptcy. Character.AI filed for bankruptcy late on…

US Supreme Court again backs Republicans in clash over political ad rates

By John Kruzel WASHINGTON, Oct 14 (Reuters) – The US Supreme Court again sided with Republicans on Wednesday in the latest clash over a new Federal Communications Commission policy that gives party committees access to discounted TV and radio advertising rates long available to political…

Judge paves way for Michigan to add 2 midseason transfers

By Field Level Media Oct 14 (Field Level Media) – The procession of members of the high school class of 2022 to be able to compete in a fifth year of eligibility rolls on. Both former Miami (Fla.) tight end Alex Bauman and ex-Boise State…

Perella Weinberg, Piper Sandler abandon merger talks, source says

By Abigail Summerville Oct 14 (Reuters) – Investment bank Piper Sandler and advisory firm Perella Weinberg Partners have abandoned talks for an all-stock merger as they could not agree on financial and personnel terms, a person familiar with the matter told Reuters on Wednesday. Shares…

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