Lawmakers from both parties praised the Supreme Court for considering Section 230 when it heard Gonzalez v. Richard Blumenthal, who chaired a technology subcommittee hearing to consider changes to the law. “Here’s a message to Big Tech: Reform is coming,” said Sen. ▸ My colleague Brian Fung reports: US senators said Wednesday that bipartisan support is growing for revising a federal law known as Section 230 of the Communications Decency Act that essentially grants immunity to tech platforms and websites regarding what they publish. Want to dig deeper? Check out Before the Bell’s interview with David O’Reilly, CEO of the real estate developer Howard Hughes Corp. In 2022, roughly 1 million single-family homes were started, which is 10.6% fewer than in 2021, though still more than in any other single year back to 2012. The rate of overall housing starts slowed in 2022 while completions climbed. New data shows that the US housing market is now short 6.5 million homes. ▸ The gap between home-seekers and actual homes widened significantly last year. Investors, and the Federal Reserve, will be looking for greater clarity on the state of the labor market in the official jobs numbers due out Friday morning.įed officials have expressed concern that a tight labor market could keep upward pressure on wages and, in turn, inflation. The payroll company estimated that 242,000 jobs were added last month, higher than the forecast of 200,000 and more than double the revised 119,000 added in January. ![]() ![]() private businesses added more jobs than forecast in February, according to ADP. The number of job openings in the United States fell to 10.8 million in January, down from an upwardly revised 11.23 million in December, the Bureau of Labor Statistics reported Wednesday as part of its monthly Job Openings and Labor Turnover Survey, or JOLTS.Īt the same time. ▸ Two important jobs reports were released Wednesday and the results were, annoyingly, contradictory. Hedge funds recently disclosed in filings that they had increased their holdings of GameStop by about 15% over the last quarter. Institutional investors, meanwhile, appear to be embracing the meme world.
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