Amazon extends pause on use of facial recognition
Amazon says it will extend its ban on police use of its face-recognition technology beyond the one-year pause it announced last year.
Amazon and other technology companies have been under pressure from civil rights activists and their own workers to halt the sale of face-recognition technology to law enforcement agencies. One concern is that the technology can incorrectly identify people with darker skin. Last June,
Home construction falls a surprise 9.5% in April
U.S. home construction fell a surprisingly sharp 9.5% in April. Analysts attribute part of the decline to builders holding back on starting new construction because of a surge in lumber prices and other supply constraints.
The Commerce Department said Tuesday that the April decline left construction at a seasonally adjusted annual rate of 1.57 million units. That was down from a rate of 1.73 million units in March.
Applications for building permits rose 0.3% in April to an annual rate of 1.76 million units, suggesting that the April construction dip will be temporary.
Bank of America to raise minimum wage to $25 an hour
Consumer banking giant Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025, the bank said Tuesday.
It’s the latest wage increase that (BofA) and other banks have done over the last several years, following pressure from outside groups to address wealth inequality in this country. It will also be the highest minimum wage paid by a big bank.
Bank of America raised its minimum wage to $15 an hour in 2017, to $17 an hour in 2019, and to $20 an hour last year, all under CEO Brian Moynihan.
The bank has more than 210,000 employees.
— Compiled by Dave Flessner
See also Chase Online.
How to Send Money Online.
Partner Banking News.