Temu’s Super Bowl ads spark backlash over China-based firm’s lack of forced labor protections
Congressman Young Kim (R-Calif.) is reacting to a new report alleging that U.S. investment firms are supporting the Chinese military and enabling human rights abuses. Fast-fashion retailer Tem’s Super Bowl ad drew ire from members of Congress over the China-based company’s ties to products made using forced labor in Xinjiang and its data-sharing policies. . […]
Wall Street firms hit with $81M in fines in latest WhatsApp, texting crackdown
A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to resolve Securities and Exchange Commission charges that they failed to meet record-keeping obligations, regulators announced Friday. Settlements with broker-dealers and investment advisers such as Oppenheimer and U.S. Bancorp are part of an SEC investigation into how […]
News Corp in ‘advanced’ talks with AI firms on content licensing deals, CEO says
News Corp., the media giant that owns the Post and the Wall Street Journal, is in “advanced” discussions with major artificial intelligence companies to license news content, a top company official has said. Ta. CEO Robert Thomson has been vocal in criticizing AI companies that effectively steal content from news organizations to train chatbots that […]
Top US firms that invested $3B in Chinese military, tech revealed by House panel investigation
US venture capital firms have reportedly sunk at least $3 billion into Chinese tech companies that have supported the Communist government, its military, and the ongoing genocide against Muslim Uyghurs in the Xinjiang region. thursday report From a bipartisan House committee. The House Select Committee on the Chinese Communist Party (CCP), led by Chairman Mike […]
How buyout firms are boosting profits despite a lack of deals
After a so-called “lost year” in which private equity volumes slumped amid soaring interest rates, buyout executives are making large sums of money, even if they are essentially just moving money around. is keen to leverage its capital. Entering a “continuation fund”: A method of rolling assets from one fund to another within the same […]