Key PointsAmazon bans use of its facial recognition technology by police for one year said on Wednesday that it's use of its facial recognition software by police for one year, as pressure on tech companies builds to respond to the killing of George Floyd by a police officer in Minneapolis."We've advocated that governments should put in place stronger regulations to govern the ethical use of facial recognition technology, and in recent days, Congress appears ready to take on this challenge," Amazon said in a statement. "We hope this one-year moratorium might give Congress enough time to...…Key PointsAmazon bans use of its facial recognition technology by police for one year said on Wednesday that it's use of its facial recognition software by police for one year, as pressure on tech companies builds to respond to the killing of George Floyd by a police officer in Minneapolis."We've advocated that governments should put in place stronger regulations to govern the ethical use of facial recognition technology, and in recent days, Congress appears ready to take on this challenge," Amazon said in a statement. "We hope this one-year moratorium might give Congress enough time to...WW…

Key PointsBrooks Brothers files for bankruptcy as coronavirus claims another storied retail brandThe coronavirus pandemic has now claimed one of the country's oldest and most prestigious retailers.Brooks Brothers — pioneer of the polo and uniform of the polished prepster — filed for Chapter 11 bankruptcy court protection from creditors on Wednesday, as it continues to search for a buyer.The retailer, founded in 1818, and countless investment bankers. Early to the office-casual look, it became known for its crisp oxfords and jaunty sports jackets. But rent had become a burden, and the...…Key PointsBrooks Brothers files for bankruptcy as coronavirus claims another storied retail brandThe coronavirus pandemic has now claimed one of the country's oldest and most prestigious retailers.Brooks Brothers — pioneer of the polo and uniform of the polished prepster — filed for Chapter 11 bankruptcy court protection from creditors on Wednesday, as it continues to search for a buyer.The retailer, founded in 1818, and countless investment bankers. Early to the office-casual look, it became known for its crisp oxfords and jaunty sports jackets. But rent had become a burden, and the...WW…

Key PointsIn this article CEO Arvind Krishna to enact reforms to advance racial justice and combat systemic racism while announcing the company was getting out of the facial recognition business.The decision for IBM to get out of the facial recognition business comes amid criticism of the technology, employed by multiple companies, for exhibiting racial and gender bias. 's own use of facial recognition was put to a shareholder vote last year, of banning the sale of the technology to government agencies amid privacy and civil rights concerns"IBM firmly opposes and will not...…Key PointsIn this article CEO Arvind Krishna to enact reforms to advance racial justice and combat systemic racism while announcing the company was getting out of the facial recognition business.The decision for IBM to get out of the facial recognition business comes amid criticism of the technology, employed by multiple companies, for exhibiting racial and gender bias. 's own use of facial recognition was put to a shareholder vote last year, of banning the sale of the technology to government agencies amid privacy and civil rights concerns"IBM firmly opposes and will not...WW…

Key PointsThe state attorneys general investigating Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an expected suit, people familiar with the situation told CNBC.Fifty attorneys general have been probing Google's business practices for months, alongside a similar probe being led by the U.S. Department of Justice. Both the states and the DOJ are looking to file a suit against the internet giant as soon as within the next few months, the people told CNBC.  The states and the Justice Department have not yet...…Key PointsThe state attorneys general investigating Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an expected suit, people familiar with the situation told CNBC.Fifty attorneys general have been probing Google's business practices for months, alongside a similar probe being led by the U.S. Department of Justice. Both the states and the DOJ are looking to file a suit against the internet giant as soon as within the next few months, the people told CNBC.  The states and the Justice Department have not yet...WW…

Key PointsPayless ShoeSource is preparing for its second bankruptcy, which could come as soon as within two weeks, a person familiar with the situation told CNBC.As part of the bankruptcy process, Payless is looking for buyers for its real estate, which could include selling large blocks of stores in certain areas of the country. If it cannot find buyers, it may need to shutter the majority, if not all, of its North American stores, the person said.The person cautioned that plans remain in flux and it is still possible that Payless could avoid a bankruptcy filing, potentially by finding a...…Key PointsPayless ShoeSource is preparing for its second bankruptcy, which could come as soon as within two weeks, a person familiar with the situation told CNBC.As part of the bankruptcy process, Payless is looking for buyers for its real estate, which could include selling large blocks of stores in certain areas of the country. If it cannot find buyers, it may need to shutter the majority, if not all, of its North American stores, the person said.The person cautioned that plans remain in flux and it is still possible that Payless could avoid a bankruptcy filing, potentially by finding a...WW…

Key PointsLack of funding has hampered the federal government's response to the coronavirus outbreak, the head of the Centers for Disease Control and Prevention told lawmakers Tuesday.The hearing in the House was originally intended to address concerns about the CDC's 2021 budget. But lawmakers' questions for Director Robert Redfield focused more specifically on the outbreak, particularly regarding the slow rollout of tests across the country. "The truth is we've underinvested in the public health labs," Redfield told them.The tests were initially marred by , delaying testing for...…Key PointsLack of funding has hampered the federal government's response to the coronavirus outbreak, the head of the Centers for Disease Control and Prevention told lawmakers Tuesday.The hearing in the House was originally intended to address concerns about the CDC's 2021 budget. But lawmakers' questions for Director Robert Redfield focused more specifically on the outbreak, particularly regarding the slow rollout of tests across the country. "The truth is we've underinvested in the public health labs," Redfield told them.The tests were initially marred by , delaying testing for...WW…

Business News and FinanceVIEW IN APPA Facebook iconA Twitter iconA LinkedIn iconAn email iconKEY POINTS The U.S. travel and tourism industry could lose at least $24 billion in foreign spending this year because of the rapidly spreading coronavirus, according to data produced by Tourism Economics and first seen by CNBC.That would be equivalent to about seven times more than the industry lost during the SARS outbreak in 2003, according to the data.Tourism Economics, which tracks all travel spending – including on hotels, restaurants, theme parks and attractions – based its...…Business News and FinanceVIEW IN APPA Facebook iconA Twitter iconA LinkedIn iconAn email iconKEY POINTS The U.S. travel and tourism industry could lose at least $24 billion in foreign spending this year because of the rapidly spreading coronavirus, according to data produced by Tourism Economics and first seen by CNBC.That would be equivalent to about seven times more than the industry lost during the SARS outbreak in 2003, according to the data.Tourism Economics, which tracks all travel spending – including on hotels, restaurants, theme parks and attractions – based its...WW…

Key PointsTopping a week of conflicting statements from the administration about how many tests the U.S. is now able to administer for the coronavirus, on Friday told reporters at the Centers for Disease Control and Prevention in Atlanta that "anybody who wants a test gets a test."U.S. health officials started the week by defending themselves to members of Congress for a shortage of tests across the country. That shortage, along with tight restrictions from the CDC on who could be tested, allowed infected people to go undetected and further spread it, say health experts. After...…Key PointsTopping a week of conflicting statements from the administration about how many tests the U.S. is now able to administer for the coronavirus, on Friday told reporters at the Centers for Disease Control and Prevention in Atlanta that "anybody who wants a test gets a test."U.S. health officials started the week by defending themselves to members of Congress for a shortage of tests across the country. That shortage, along with tight restrictions from the CDC on who could be tested, allowed infected people to go undetected and further spread it, say health experts. After...WW…

Keep Me Logged InKey PointsSenate Majority Leader Mitch McConnell has yet to schedule a Senate vote to pass the country's second emergency coronavirus deal after  The next vote the Republican led-Senate has scheduled is over the renewal of national security surveillance law, Foreign Intelligence Surveillance Act, or FISA. That is scheduled for Monday at 5:30 p.m."Until the FISA legislation is passed, any action on the House coronavirus legislation will take unanimous consent," a spokesperson for McConnell told CNBC. The Democrat-led house last week passed...…Keep Me Logged InKey PointsSenate Majority Leader Mitch McConnell has yet to schedule a Senate vote to pass the country's second emergency coronavirus deal after  The next vote the Republican led-Senate has scheduled is over the renewal of national security surveillance law, Foreign Intelligence Surveillance Act, or FISA. That is scheduled for Monday at 5:30 p.m."Until the FISA legislation is passed, any action on the House coronavirus legislation will take unanimous consent," a spokesperson for McConnell told CNBC. The Democrat-led house last week passed...WW…

Key PointsExecutives at companies that would receive bailout cash from the coronavirus-relief bill unveiled by Senate Republicans on Thursday would see their annual compensation capped for two years.According to the language, no employee who makes more than $425,000 may get a raise in their salary for two years. The legislation would also allow the government a chance to make money off its investments in these firms.Under the proposal, the American airline industry would receive $50 billion, cargo air carriers would get $8 billion, and other ailing industries would get $150...…Key PointsExecutives at companies that would receive bailout cash from the coronavirus-relief bill unveiled by Senate Republicans on Thursday would see their annual compensation capped for two years.According to the language, no employee who makes more than $425,000 may get a raise in their salary for two years. The legislation would also allow the government a chance to make money off its investments in these firms.Under the proposal, the American airline industry would receive $50 billion, cargo air carriers would get $8 billion, and other ailing industries would get $150...WW…