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Business Highlights: TikTok; Banking regulations; FTX

Published Sat, 22 Feb 2025 10:45:37 GMT

___TikTok propaganda labels fall flat in ‘huge win’ for RussiaWASHINGTON (AP) — Social media platforms often rely on labels to let users know an account is operated by a Russian state propaganda agency. But new research shows on TikTok the labels aren’t very effective even when they’re applied consistently. Analysts at the Alliance for Securing Democracy identified nearly 100 accounts with clear links to Russian state media or propaganda agencies. The analysts found more than a third of the accounts were still unlabeled a year after TikTok announced its labeling program. Even when the labels were added to Russian state accounts, they did little to limit the reach of the propaganda. TikTok says it’ll keep reviewing new accounts and adding labels.___China e-commerce giant Alibaba outlines future strategyHONG KONG (AP) — Top executives of Chinese e-commerce and financial giant Alibaba say it plans to spin off some of its sprawling e-commerce and finance empire as independent businesses...

Arcadia Biosciences: Q4 Earnings Snapshot

Published Sat, 22 Feb 2025 10:45:37 GMT

DAVIS, Calif. (AP) — DAVIS, Calif. (AP) — Arcadia Biosciences Inc. (RKDA) on Thursday reported a loss of $4.2 million in its fourth quarter.On a per-share basis, the Davis, California-based company said it had a loss of $6.31.The agricultural biotechnology trait company posted revenue of $1 million in the period.For the year, the company reported a loss of $15.4 million, or $25.65 per share. Revenue was reported as $10 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RKDA at https://www.zacks.com/ap/RKDASource

Sientra: Q4 Earnings Snapshot

Published Sat, 22 Feb 2025 10:45:37 GMT

SANTA BARBARA, Calif. (AP) — SANTA BARBARA, Calif. (AP) — Sientra Inc. (SIEN) on Thursday reported a loss of $22.4 million in its fourth quarter.The Santa Barbara, California-based company said it had a loss of $2.35 per share. Losses, adjusted for non-recurring gains, came to $2.85 per share.The breast implant maker posted revenue of $25.1 million in the period.For the year, the company reported a loss of $73.7 million, or $10.40 per share. Revenue was reported as $90.5 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIEN at https://www.zacks.com/ap/SIENSource

Up next for unbeaten South Carolina is Clark and Iowa

Published Sat, 22 Feb 2025 10:45:37 GMT

DALLAS (AP) — In one of the most talked about and highly anticipated matchups in women’s Final Four history, Dawn Staley’s undefeated South Carolina team will face Iowa and dynamic guard Caitlin Clark.Staley and the Gamecocks are looking to become the 10th team to go through a season unbeaten and the first to repeat as champions since UConn won four in a row from 2013-16.The Gamecocks (36-0) have the best defense in the country, which is anchored by Aliyah Boston, and they will face a stiff test against the high-powered offense led by Clark, named The Associated Press Player of the Year, when they play Friday night.Despite the buzz, Staley said her team is focusing on the task at hand.“The juice is in the winning the national championship,” she said. “Our players don’t really care about anything besides that. So we are — again — we’re strong in our beliefs and what we do and how we’ve done things. And at this point, we just want to win, and that’s their approach. I love ...

Final Four newbie Virginia Tech meets LSU, decorated Mulkey

Published Sat, 22 Feb 2025 10:45:37 GMT

DALLAS (AP) — This Final Four is a first for Virginia Tech and coach Kenny Brooks, and he’s set to match wits with a counterpart who beat him by 42 points the last time the two met in March Madness. LSU coach Kim Mulkey won three national championships in four trips to the Final Four with Baylor, but she doesn’t have the bevy of veterans carrying a No. 1 seed into a national semifinal Friday night.That would be Brooks’ bunch.“The No. 1 seed means we belong here,” he said.The seventh-year Hokies coach might not have been thinking that two years ago after a 90-48 loss to Mulkey and the Bears in the second round.But Georgia Amoore is a confident junior now, not the freshman who said she was shaking when Baylor’s DiDi Richards gave her a fist bump to try to boost the young Australian’s spirits after the rout.And Elizabeth Kitley is a dominant senior, Virginia Tech’s all-time leader in points and double-doubles who’s preparing for a high-profile ...

Lo que sabemos de las armas utilizadas en el tiroteo de la escuela en Nashville

Published Sat, 22 Feb 2025 10:45:37 GMT

(CNN) — La persona identificada como Audrey Hale, responsable de matar a tres niños y tres adultos en la escuela primaria Covenant School de Nashville, utilizó en la masacre más reciente de Estados Unidos tres de las siete armas de fuego que había adquirido legalmente.Hale, de 28 años y quien estaba bajo tratamiento por un trastorno emocional, tenía en su poder un fusil AR-15 de estilo militar, una carabina Kel-Tec SUB2000 de calibre 9 milímetros y una pistola Smith and Wesson M&P Shield EZ 2.0 de 9 milímetros, según el jefe de la Policía Metropolitana de Nashville, John Drake.El AR-15 y la carabina de calibre 9 mm parecen tener cargadores de 30 balas, según los expertos que revisaron las fotos y el video difundidos por la policía.A medida que surgen más detalles sobre el tiroteo en la escuela de Nashville, un experto afirma que la rapidez mental de los profesores salvó vidas“Indica que [la persona] estaba preparada para causar muchos más daños de los que realmente p...

How major US stock indexes fared Thursday 3/30/2023

Published Sat, 22 Feb 2025 10:45:37 GMT

Stocks closed higher again as more fear evaporates from Wall Street.The S&P 500 added 0.6% Thursday, its fifth gain in the last six days. The benchmark index is headed for a gain in March after struggling in earlier weeks on worries about whether the banking system was cracking under the weight of higher interest rates.Forceful actions by regulators worldwide have helped restore confidence. Also boosting stocks have been big bets that the Federal Reserve may cut rates in coming months. But such expectations are also raising concerns of their own for some professionals on Wall Street. On Thursday:The S&P 500 rose 23.02 points, or 0.6%, to 4,050.83.The Dow Jones Industrial Average rose 141.43 points, or 0.4%, to 32,859.03.The Nasdaq composite rose 87.24 points, or 0.7% to 12,013.47.The Russell 2000 index of smaller companies fell 3.22 points, or 0.2%, to 1,768.38.For the week:The S&P 500 is up 79.84 points, or 2%.The Dow is up 621.50 points, or 1.9%.The Nasdaq is up 189.51...

Trump indicted in Stormy Daniels hush-money case

Published Sat, 22 Feb 2025 10:45:37 GMT

Former President Trump was indicted on criminal charges in New York on Thursday for his role in organizing hush money payments made to an adult film star during his 2016 campaign, according to a source familiar with the proceedings.The history-making indictment marks the first time a president has been charged in a criminal matter and comes as several law enforcement entities are investigating Trump’s conduct in numerous probes.The charges laid out in the indictment remain unclear.The indictment, which remains under seal, follows an investigation by Manhattan District Attorney Alvin Bragg (D) that centered on a $130,000 payment fixer Michael Cohen made to adult film star Stormy Daniels shortly before the election.Trump’s company labeled Cohen’s reimbursement of the payment as a legal expense and did not disclose them in campaign expense reports.Cohen pleaded guilty in 2018 and served time for his role in the matter on charges related to campaign finance violations and tax ...

Heavy rains trigger flood advisories across Miami-Dade; parts of US 1 shut down in Miami

Published Sat, 22 Feb 2025 10:45:37 GMT

Soggy streets across South Florida have sparked flood advisories in some areas of Miami-Dade County and led to lane closures along U.S. 1 in Miami.The rainfall has begun to peter out by Thursday afternoon but not before it dumped inches of rain, like 6.6 inches in Sunrise Harbor, 5 inches in Key Biscayne, 4.1 inches in Coral Gables and 3.5 inches in Coconut Grove.In Miami, 3.38 inches of rain were reported, a new record.7Skyforce hovered above heavy flooding along U.S. 1 near Southwest 32nd Street in Miami. Standing water covered two northbound lanes, as drivers continued heading north on the left lane.Further south, U.S. 1 is closed southbound near Bird Road. The floodwaters caused multiple vehicles in this area to stall out.Some downpours continue to batter areas in the southern part of the county, like Cutler Bay and Homestead. Another batch of rain is pushing into Key Biscayne.The heavy precipitation has triggered multiple flood advisories. One extends south to the Florida Turnp...

Lawyer: Trump indicted; 1st ex-president charged with crime

Published Sat, 22 Feb 2025 10:45:37 GMT

A lawyer for Donald Trump said Thursday he’s been told that the former president has been indicted in New York on charges involving payments made during the 2016 presidential campaign to silence claims of an extramarital sexual encounter.It becomes the first ever criminal case against a former U.S. president and a jolt to Trump’s bid to retake the White House in 2024.Joe Tacopina, a lawyer for Trump, told The Associated Press he had been told that a grand jury that had been meeting for months voted to indict Trump. The specific charges were not immediately made public.Trump, who has denied any wrongdoing and has attacked the investigation, was expected to surrender to authorities next week, according to a person familiar with the matter who was not authorized to discuss a matter that remained under seal.The grand jury indictment of Trump, 76, is an extraordinary development after years of investigations into his business, political and personal dealings. It is likely to galvan...