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A federal judge just blocked President Trump's nationwide TikTok ban, citing the administration's 'hypothetical'...
Tolga Akmen/AFP/Getty Images; Clancy Morgan/Business InsiderA federal judge blocked President Donald Trump's nationwide ban on the video sharing app TikTok, saying that the administration's phrasing for the national security concerns the app posed was "hypothetical." The ban, which Trump originally issued in August, was intended to go into effect on November 12. The judge's block of the ban is the latest development in the Trump administration's mission to ban TikTok from the US market over national security concerns. Visit Business Insider's homepage for more stories. A federal judge just blocked President Trump's nationwide TikTok ban, saying that his national security concerns were "hypothetical." The injunction was filed on Friday in a Pennsylvania district court. It blocks Trump's ban, which was originally issued in August, from going into effect on November 12. The injunction is part of a lawsuit that was filed in mid-September by some TikTok creators who argued that a ban would majorly affect their business and limit their audience growth, as well as restrict their freedom of expression on the platform. The judge's motion to block the ban is the latest development in a series of efforts made by the Trump administration to bar the app from the
Walmart brings back gun displays day after ordering them hidden
Walmart has begun returning firearms and ammo to the selling floors of its stores nationwide — just one day after yanking them from merchandise displays for fear of imminent “civil unrest.” The retail giant, which sells firearms at around half of its 5,000 US outlets, had removed the items from public view, saying it would only supply them upon request — before announcing it has now changed its mind after seeing that “current incidents” resulting in damage to some stores have remained “geographically isolated. “After civil unrest earlier this week resulted in damage to several of our stores … we asked stores to move firearms and ammunition from the sales floor,” the company said in a statement. “As the current incidents have remained geographically isolated, we have made the decision to begin returning these products to the sales floor today,” the company said. In the past year, vandals have smashed windows and looted merchandise during Black Lives Matter demonstrations in New York, Chicago, Los Angeles, Portland and other cities. Gun sales have also reached record highs, notably among first-time buyers. With Post wires
Westbury Bancorp, Inc. Reports Net Income for the Three Months and Year Ended September...
WEST BEND, Wis., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Westbury Bancorp, Inc. (OTCQX: WBBW), the holding company (the “Company”) for Westbury Bank (the “Bank”), today announced net income of $1.9 million, or $0.76 per common share for the three months ended September 30, 2020, and $7.2 million, or $2.59 per common share, for the year ended September 30, 2020, compared to net income of $1.9 million, or $0.59 per common share for the three months ended September 30, 2019, and net income of $6.9 million, or $2.15 per common share, for the year ended September 30, 2019. Highlights for the year included: During the year ended September 30, 2020, our net loan portfolio increased by $31.7 million, or 3.70%. The portfolio increase occurred primarily in commercial business - PPP loans, multifamily and home equity line of credit loans, offset by reductions in commercial and industrial loans, and single family loans. During the year ended September 30, 2020, our deposits increased by $47.7 million, or 6.55%. The deposit increases occurred primarily in checking and savings accounts, offset by decreases in certificate of deposit accounts. Net interest income decreased $133,000, or 0.52%, to $25.6 million for the year ended September 30, 2020
Apple warns regulation of App Store could ‘materially’ hit its results
Apple’s lucrative App Store fees could be slashed by regulators to the tune of billions of dollars a year, the company warned investors Friday. The iPhone maker said in its most recent annual report that the growing regulatory pressures targeting Big Tech could have a major impact on its bottom line. “If the rate of the commission that [Apple] retains on [App Store] sales is reduced, or if it is otherwise narrowed in scope or eliminated, the company’s financial condition and operating results could be materially adversely affected,” the company wrote in its 10-K report. Apple earlier this month was excoriated by the House Judiciary Committee’s antitrust panel, which accused it — along with Facebook, Amazon and Google parent Alphabet — of becoming “the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.” Apple approves every app that gets onto its App Store, which is the only way to get software onto the company’s iPhones and iPads. The California-based tech giant charges developers a 30-percent commission for in-app purchases and restricts them from telling users about cheaper purchasing options. Though Apple did not specify how much it could be on the hook for if its
Helios Technologies Upsizes Credit Facilities to $900M
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Helios Technologies (Nasdaq: HLIO) ("Helios" or the "Company"), a global industrial technology leader that...
