Once seen by politicians as a tool to tackle issues, Capitol Hill is finding out that technology could be a double-edged sword with unintended consequences. Cecilia Kang, National Technology Correspondent at The New York Times, joined to take a closer look at the crossroads between politics and Silicon Valley.
Kang discussed why the Democrats became sour on Silicon Valley. She said the 2016 election was the start of a journey for the Democratic party to evaluate the role of technology companies in the spread of information. Kang added that they wanted to investigate whether social media companies were good or potentially harmful for democracy. When the shock wore off from the election results, they wanted to look into what was behind the outcome.
Are Democrats just trying to find something else to blame for election results they aren’t happy with? Kang pointed out that social media companies themselves have acknowledged that they did play a role in the election. This is evident in the newsfeed algorithm changes implemented by Facebook. The company is now placing a heavier emphasis on content from friends and family opposed to content from publishers.
Co-founder and executive chairman of the board at Vaxxinity Lou Reese shares how the company is working to bring vaccines for chronic illnesses like heart disease and Parkinson’s to market with an eye for accessibility.
Mario Veneroso, Kingsview Asset Management Partner, weighs in on the latest economic data and whether the market is pricing in too many rate cuts for the coming year.
Apple has rolled out an update to its operating system this week with a feature called Stolen Device Protection. It makes it a lot harder for phone thieves to access key functions and settings, and users are being urged to turn it on immediately.
The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and frustrating price levels.
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.