National News

Tesla Recalling 2 Million US Vehicles Over Autopilot Safeguards

Tesla is recalling just over 2 million vehicles in the United States fitted with its Autopilot advanced driver-assistance system to install new safeguards, after a federal safety regulator said the system posed safety concerns. The National Highway Traffic Safety Administration …

Meta Used Copyrighted Books for AI Training Despite Lawyers’ Warnings, Say Authors

Meta Platforms’ lawyers had warned it about the legal perils of using thousands of pirated books to train its AI models, but the company did it anyway, according to a new filing in a copyright infringement lawsuit initially brought this …

Google’s Court Loss to Epic Games May Cost Billions but Final Outcome Years Away

Google’s stunning defeat in a legal battle with “Fortnite” maker Epic Games may clear the way for rival app stores on its Android mobile system but a lengthy appeals process will likely prevent any changes for years, according to analysts …

As More Shop Around, Many Insurance Consumers Unaware of Rate Factors

According to a new survey released today by Trusted Choice—the national consumer brand representing the members of the Independent Insurance Agents & Brokers of America (the Big I)—nearly 70% of American are shopping their insurance policies to find a better …

Higher Auto Claims, More Frequent Accidents Continue to Outpace Premium Hikes

As claim severity rises, US personal auto results are on the decline, according to AM Best’s latest Market Segment Report. The 112.2 net combined ratio in 2022 for personal auto was an almost 11-point deterioration from 101.5 in 2021, and …

SEC Says Its Binance Case Should Advance Despite DOJ Settlement

The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US authorities bolsters its own case against the world’s biggest crypto exchange. Despite not being part of the agreement, the SEC …

Hackers Stole About $1.7 Billion This Year From Crypto Projects

The amount of funds crypto projects lost to hackers has declined by about half to around $1.7 billion so far this year, amid improved security measures and an uptick in law enforcement actions. Even with any additional hacks in December, …

Musk Can’t Escape Investor Suit Over Flip-Flop on Twitter Buyout

Elon Musk must face a Twitter investor lawsuit that accuses him of fueling uncertainty about his proposed buyout in an effort to drive down the social media platform’s stock price, a California federal judge ruled. US District Judge Charles Breyer …

Apple-Backed Study Finds Rise in Data Breaches as iPhone Maker Defends Encryption

In the first nine months of 2023, U.S. data breaches increased by 20% compared to the full year 2022, according to a new study that was commissioned by Apple. The iPhone maker paid for the study, which was conducted by …

Bernie Madoff Is Long Gone. The Lawyers Are Going Strong

Long before cryptocurrency and Sam Bankman-Fried, the biggest name in corporate fraud was Bernie Madoff. Fifteen years after the FBI arrested Madoff on Dec. 11, 2008 for running a massive Ponzi scheme — and two years after his death in …

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