Business

GOP Presidential Contender Tim Scott Drops Out of 2024 Race

ByAudInsights.blog November 13, 2023November 22, 2023

South Carolina GOP senator Tim Scott has withdrawn from the 2024 presidential race following the public revelation of his relationship with his girlfriend, Mindy Noce. During an interview on Fox News, Scott announced his decision to suspend his campaign, citing his love for America and the lack of resonance he found among GOP voters for his platform. The secrecy regarding his relationship with Noce came under scrutiny after criticism over his unmarried status, with some speculating about his sexual orientation. Despite amassing significant financial resources, Scott faced challenges from the outset, with a Morning Consult poll finding that more than half of GOP primary voters were unaware of his candidacy. Scott’s campaign had received substantial funding, including $35 million from Larry Ellison. Scott has stated that he will not be endorsing another candidate in the Republican primary.

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Source: Tim Scott drops out of race mere hours after girlfriend reveal

Trump Requests Trial Postponement, Fails to Mention Campaign Rally

January 14, 2024January 14, 2024 Business

Donald Trump requested a trial postponement for E. Jean Carroll’s defamation case, citing his mother-in-law’s funeral. However, he failed to mention his campaign rally on the same day. The court denied his request, and Carroll’s lawyers highlighted the omission. Trump criticized the judge on Truth Social but did not address the Carroll letter. His spokesperson has not commented on the matter yet.

Real Estate Giants Found Guilty in Price-Fixing Conspiracy

November 1, 2023November 22, 2023 Business

In a monumental verdict, a jury found the National Association of Realtors (NAR) and major real estate broker franchise companies guilty of conspiring to artificially inflate home-sale commissions. The jury ordered NAR and others to pay nearly $1.8 billion in damages to a class of over 250,000 home sellers, potentially tripling that amount to over $5 billion.

Reka Unveils Yasa-1: A Multimodal AI Assistant with Advanced Capabilities

October 5, 2023November 11, 2023 Business

AI startup Reka has introduced Yasa-1, a multimodal AI assistant that can understand images, short videos, and audio. Yasa-1 is highly customizable, supports multiple languages, and provides context-based answers from the internet. It also boasts features like processing long documents and executing code. Reka plans to iron out limitations and expand Yasa-1’s accessibility in the coming weeks. While Reka is relatively new in the AI industry, its team combined with substantial funding positions it as a competitor against established players like OpenAI and Anthropic.

The Diamond Industry Faces a Slump in Prices Due to Slow Consumer Demand

November 11, 2023November 22, 2023 Business

At De Beers’ recent sale, diamond buyers were given the option to buy nothing due to the decline in diamond prices caused by slowing consumer demand. Similar actions have been taken across the diamond industry, including cancellations of sales and imports. The decline in diamond prices has also impacted the luxury space as a whole. Measures have been taken to stabilize the industry, but there are concerns about long-term demand due to structural issues and changing consumer preferences.

Donald Trump Drops $500 Million Lawsuit Against Former Attorney Michael Cohen

October 6, 2023November 11, 2023 Business

Former President Donald Trump has dropped his $500 million lawsuit against his former attorney, Michael Cohen. Trump had accused Cohen of spreading falsehoods about him and breaching their attorney-client relationship to make money. The reason for Trump’s voluntary dismissal is not given. Cohen considers the case a retaliatory intimidation tactic by Trump.

Clarence Thomas Recuses Himself from January 6 Matter Amid Media Scrutiny

October 3, 2023November 11, 2023 Business

Supreme Court Justice Clarence Thomas recused himself for the first time from a matter regarding the January 6, 2021 Capitol attack. Media scrutiny into Thomas’ ethics may have influenced his decision. The appeal he recused himself from lacked legal merits, according to an expert. This recusal comes after calls for Thomas to recuse himself due to his wife’s involvement in related matters. The increased scrutiny over his ethical conduct may be impacting his judicial career. Thomas’ recusal was in relation to an appeal that had effectively already been settled. Scott Lemieux commended Thomas for the recusal, emphasizing the importance of maintaining the Court’s legitimacy by acting ethically.

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