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Collins says solid economy gives Fed time to assess next move
Collins says solid economy gives Fed time to assess next move

Boston Globe

time4 days ago

  • Business
  • Boston Globe

Collins says solid economy gives Fed time to assess next move

Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up MEDIA Advertisement Nextdoor social site, looking for a revival, pins hopes on partnership with local news providers Advertisement The homepage of Nextdoor is seen on a computer screen on April 29, 2021, in New York City. Cindy Ord/Photographer: Cindy Ord/Getty Im Nextdoor, the social media site that aims to create connections among neighbors, is trying to shake off an uneven past and a nagging sense it is being underutilized. How? It is turning to professional journalists for help. The company announced a partnership Tuesday with more than 3,500 local news providers who will regularly contribute material to the app. As part of a redesign, it is also expanding its ability to alert users about bad weather, power outages, and other dangers, along with using AI to improve recommendations for restaurants, services, and local points of interest. 'There should be enough value that we are creating for neighbors that they feel like they need to open up Nextdoor every single day,' said Nirav Tolia, the company's cofounder and CEO. 'And that isn't the case today.' The potential for Nextdoor to help itself and journalists at the same time is most intriguing. Nextdoor is carrying portions of local news stories from providers in the area where the user lives. If people want to learn more, a link to the news site is included. At launch, Nextdoor says it has more than 50,000 news stories available, representing just over three-quarters of the app's 'neighborhoods.' — ASSOCIATED PRESS TECH Nvidia says US has lifted restrictions on AI chip sales to China Jensen Huang, Nvidia's CEO. Annabelle Chih/Bloomberg Three months after shutting down Nvidia's artificial intelligence chip sales to China, the Trump administration has reversed course. On Monday, the Silicon Valley company said in a blog post that the US government had approved sales of a China-specific AI chip known as the H20. Nvidia will still need licensing approval from the US government to fulfill those orders, but the Trump administration 'has assured Nvidia that licenses will be granted,' the company said. The decision came after Jensen Huang, Nvidia's CEO, met Thursday with President Trump. Huang has spent months lobbying politicians across Washington to keep China open for AI chip sales. China has the potential to deliver billions of dollars in sales for the world's most valuable public company, which last week became the first to reach a $4 trillion valuation. Huang has also visited China several times this year, including a trip to Beijing this week where he is scheduled to give a news conference Wednesday. The Commerce Department and White House did not immediately respond to requests for comment. — NEW YORK TIMES Advertisement FINANCE Federal judge reverses rule that would have removed medical debt from credit reports Medical bills are seen in Temple Hills, Md., on June 26, 2023. Jacquelyn Martin/Associated Press A federal judge in Texas removed a Biden-era finalized ruled by the Consumer Financial Protection Bureau that would have removed medical debt from credit reports. US District Court Judge Sean Jordan of Texas's Eastern District, who was appointed by Trump, found on Friday that the rule exceeded the CFPB 's authority. Jordan said that the CFPB is not permitted to remove medical debt from credit reports according to the Fair Credit Reporting Act, which protects information collected by consumer reporting agencies. Removing medical debts from consumer credit reports was expected to increase the credit scores of millions of families by an average of 20 points, the bureau said. The CFPB states that its research has shown outstanding health care claims to be a poor predictor of an individual's ability to repay a loan, yet they are often used to deny mortgage applications. The three national credit reporting agencies — Experian, Equifax, and TransUnion — announced last year that they would remove medical collections under $500 from US consumer credit reports. The CFPB's rule was projected to ban all outstanding medical bills from appearing on credit reports and prohibit lenders from using the information. The CFPB estimated the rule would have removed $49 million in medical debt from the credit reports of 15 million Americans. According to the agency, one in five Americans has at least one medical debt collection account on their credit reports, and over half of the collection entries on credit reports are for medical debts. The problem disproportionately affects people of color, the CFPB has found: 28 percent of Black people and 22 percent of Latino people in the United States carry medical debt versus 17 percent of white people. — ASSOCIATED PRESS Advertisement POLITICS Mamdani prepares to meet with NYC's wary business leaders Mayoral candidate Zohran Mamdani outside City Hall in Lower Manhattan on March 14. DAVE SANDERS/NYT In the weeks since Zohran Mamdani's stunning victory in the Democratic mayoral primary, some corporate and finance leaders have predicted an exodus of wealthy investors from New York City. They have called him a Marxist and an out of touch idealist, and have warned of rough times ahead for the city if Mamdani, a democratic socialist, wins the general election in November. On Tuesday and Wednesday, leaders on Wall Street and across the business world will have an opportunity to confront Mamdani directly in meetings with the Partnership for New York City, a consortium of 350 members representing banks, law firms, and corporations. The meetings were requested by Mamdani, an Assembly member from Queens who says he wants to work with the business community. Mamdani has recently moderated some of his stances that have generated the most controversy as he shifts his focus to the general election. Tuesday's meeting will take place behind closed doors with no news media present, and more than 100 executives are expected to attend. The Partnership's board is a who's who of powerful business leaders including Henry Kravis of KKR, Rob Speyer of Tishman Speyer, and J.P. Morgan CEO Jamie Dimon. Dimon last week publicly criticized Democrats for 'falling all over themselves' to support Mamdani's policies including city-run grocery stores and a rent freeze on rent-stabilized apartments. 'There's the same ideological mush that means nothing in the real world,' Dimon said at an event in Europe. — NEW YORK TIMES Advertisement

‘Trying to kill us': Ruby Rose makes troubling claims
‘Trying to kill us': Ruby Rose makes troubling claims

Perth Now

time03-06-2025

  • Entertainment
  • Perth Now

‘Trying to kill us': Ruby Rose makes troubling claims

Australian actor Ruby Rose has sparked concern among fans after claiming people are 'trying to kill' her and making a chilling comparison to Jeffrey Epstein victim Virginia Giuffre. The 39-year-old made the troubling claims on Monday while responding to an innocuous question on Threads. An American radio host posted a question on his own account, asking: 'Who is a celebrity that gave it all up at the height of fame to go live a 'normal' life?' Ruby re-posted the question, writing, 'We just leave when people try to kill us. When we are illegally debanked and (redacted). Hope that helps'. She continued: 'I don't want to be labelled 'crazy' and I don't want to pretend to know how Virginia Giuffre died — but DOZENS of people including a school bus, have tried to run me off the road in the last few years. The posts Ruby Rose made on Threads. Credit: Threads 'I have been followed almost every time I leave my home, since the day I broke my neck back and ribs on Batwoman. Since then I have doubled down on (redacted) and Epstein. 'This has resulted in some seriously wild attempts on my life. Believe it or don't. But I might as well update you.' Virginia Giuffre was a high-profile victim of billionaire paedophile Jeffrey Epstein who died on her farm in Neergabby, about 80km north of Perth, in April in circumstances that were not deemed suspicious. Just weeks before Giuffre's death, she claimed she had just days to live after being involved in a crash with a school bus. However, police later confirmed the collision was minor and no major injuries were reported after the crash. Australian actress and television presenter Ruby Rose in 2023. Credit: Mondadori Portfolio / Mondadori Portfolio via Getty Im Ruby further claimed she was being forced to 'move house every few weeks, and countries every few months' in a desperate attempt to 'stay alive'. Fans took to the comments section to express their concern over Ruby's safety. One person said: 'If you're truly being followed and targeted, staying put is dangerous. You need to move ideally to another country , where you can be safe and off the radar. Trust no one unless you're absolutely sure of them. Change your routine completely. This isn't about fear, it's about survival. Your safety comes first act now !!!' 'I really hope that from now on that you have are able to stay safe and live a happy life,' another said. PerthNow has reached out to Ruby for comment. If you need help in a crisis, call on 13 11 14. For further information about depression, call beyondblue on 1300 224 636 or talk to your GP, local health professional or someone you trust.

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