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AI data center backlash fuels votes for change and sharp stock market swings

Concern over AI and misgivings about data center construction helped drive votes for change in the midterm election — and have fueled stock market volatility that experts say is likely to continue. Investors are worried that the political shift in Congress could slow the buildout of data centers that power AI, potentially throttling one of the economy’s…

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TikTok parent ByteDance’s founder Zhang Yiming reclaims spot as China’s richest person, thanks to firm’s AI push

Beijing — ByteDance founder Zhang Yiming reclaimed the top spot on a list of China’s richest people, driven by his company’s push into artificial intelligence. The rankings released by The Hurun Research Institute on Tuesday reflected that the country’s high-tech sectors were rising while others, like the consumer sector and real estate, were under pressure….

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FBI arrests suspected member of ShinyHunters in connection with breach of bureau’s jobs website

Washington — The FBI this week arrested another individual suspected of being connected to ShinyHunters, the cybercriminal group that hacked the bureau’s job website and stole personal data about its employees, FBI Director Kash Patel said on Friday. “This is the latest arrest this FBI has made in a matter of days involving this network,…

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Suspected ShinyHunters hacker detained in Jordan, cooperating with FBI, sources say

A suspected member of ShinyHunters, the hacking group that claimed responsibility last month for defacing the FBI’s website, was detained in Jordan this week and is cooperating with the investigators, according to U.S. officials. Jordanian authorities detained Saif al-Din Khader this week, according to two U.S. officials and another source with knowledge of the matter….

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GOP Rep. Rob Bresnahan campaigns on data center limits while investing in industry

Pennsylvania Rep. Rob Bresnahan is promoting a bill to give data center-wary municipalities greater control over whether the facilities can be built, a message featured in a new television ad the Republican congressman is running in the Scranton and Wilkes-Barre area. But in the past, Bresnahan has taken an overtly friendly stance toward data centers,…

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TikTok to pay $400 million to settle claims it violated children’s online privacy laws

The Department of Justice said on Friday that TikTok and China’s ByteDance have agreed to pay $400 million to settle claims that the social media platform violated U.S. children’s online privacy laws. The agency sued TikTok in 2024, alleging that it violated the Children’s Online Privacy Protection Act by collecting and retaining data from its…

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Bond market sell-off threatens higher borrowing costs. Here is what it means for your money.

A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…

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