Nvidia CEO Declares AI PC Reinvention A "New Beginning" On Par With Smartphone Shift

Supreme Court Limits ISPs' Liability For Online Piracy The Supreme Court on Tuesday sharply curtailed when internet service providers can be held liable for copyright infringement committed by their subscribers, handing a major victory to broadband companies and dealing a setback to Sony Music Entertainment and other major labels seeking to combat online piracy. In a 7-2 decision (with Justices Sotomayor and Jackson concurring only in the judgment), the justices ruled that Cox Communications Inc. cannot be held liable for the actions of customers who illegally downloaded and shared songs using its...

Billionaire Tax Officially Heads To Nov. 3 Ballot Authored by Madeline Shannon via The Center Square, The controversial union-backed billionaire tax in California is officially heading to the Nov. 3 ballot. Secretary of State Shirley Weber announced the California Billionaire Tax Act exceeded the number of signatures it needed to qualify for the general election. The initiative aims to impose a one-time 5% wealth tax on the Golden State’s billionaires to generate $100 billion in revenue. The tax would apply to assets like art, stocks and bonds. That money would be used to help backfill reductions in...

US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows With Case-Shiller reporting existing home price declines in half of America's largest cities, and despite a weaker homebuilder confidence print, New Home Sales were expected to rebound from April and May's ugly declines... and they did, but only very modestly. New home sales rose 1.6% MoM (+4.8% MoM exp) marking the first rise in three months, but May's 7.3% MoM decline was revised up to a mere 4.3% MoM decline. However, this bounce was not enough to get annual...