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Business – Page 2 – The Hamden Journal

Jeffrey Epstein victims plead with JPMorgan execs to admit they knew about abuse

Three of Jeffrey Epstein’s victims in his sex-trafficking ring penned emotional letters begging JPMorgan Chase executives to admit they knew about the sexual abuse as the banking giant faces two lawsuits alleging it benefitted financially from Epstein’s operation. When JPMorgan Chase CEO Jamie Dimon was questioned under oath last week about the nearly 15 years … Read more

Coinbase sued over crypto violations, one day after SEC sued Binance

The Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest US cryptocurrency exchange of operating illegally because it failed to first register with the regulator. The lawsuit is the SEC’s second in two days against a major crypto exchange, following its case against Binance, the world’s largest cryptocurrency exchange, and founder Changpeng Zhao. Both civil … Read more

Anheuser-Busch’s Bud Light sales drop 23.9%

Bud Light’s steep sales drops are showing signs of bottoming out — but the struggling beer brand is still on track to losing its No. 1 status in the US following its disastrous marketing tie-up with Dylan Mulvaney. Sales of Bud Light plunged 23.9% for the week ended May 27 — slightly better than the … Read more

CNN’s Chris Licht loses control of PR team

CNN’s public relations operation reportedly will no longer report to CEO Chris Licht — a sign that his position has become more tenuous in the wake of a disastrous magazine profile that depicted him as a thin-skinned, aloof executive who is isolated from employees who no longer trust his leadership. The PR team at CNN … Read more

Microsoft to pay $20M for violating children’s privacy laws

Microsoft will pay $20 million to settle charges from the US Federal Trade Commission that it illegally collected personal information from children without a guardian’s consent. The tech giant has been charged with violating the Children’s Online Privacy Protection Act (COPPA), a federal law that requires online services and websites that cater to children under … Read more

Apple to tweak iPhone autocorrect function

One of the most notable happenings at Apple’s event for developers on Monday is likely the iPhone maker’s tweak that will keep its autocorrect feature from annoyingly correcting one of the most common expletives to “ducking.” “In those moments where you just want to type a ducking word, well, the keyboard will learn it, too,” said Craig … Read more

Mark Cuban says Elon Musk, Sam Altman are right to warn of potential AI doomsday: ‘It’s not an overreach’

Elon Musk, OpenAI CEO Sam Altman and other tech bigwigs are right to publicly raise alarms about possible doomsday scenarios involving advanced artificial intelligence – even though the technology is currently “not an existential threat” to humanity, billionaire Mark Cuban told The Post. The “Shark TanK” host rejected the idea that Musk, Altman and others … Read more