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Buried in Meta’s $18B settlement is a legal pass on kids’ data

Buried in Meta’s $18B settlement is a legal pass on kids’ data

Meta is paying up to 18 billion dollars to settle a massive dispute with attorneys general from 29 states, but the fine comes with a surprising concession buried in the paperwork. As part of the

Business
OpenAI, 100+ companies warn of coming surge in AI-powered cyberattacks, call for global defense push

OpenAI, 100+ companies warn of coming surge in AI-powered cyberattacks, call for global defense push

OpenAI and over a hundred leading firms across the tech, banking, and cybersecurity sectors have issued a stark warning that artificial intelligence is poised to trigger a massive surge in sophisticated cyberattacks. In a joint

Business
Tech giants urge global response to AI cybersecurity threats

Tech giants urge global response to AI cybersecurity threats

A coalition of over one hundred leading technology firms, including heavyweights like OpenAI, Google, Anthropic, and Perplexity, is sounding the alarm over a rapidly closing window to secure global digital infrastructure against artificial intelligence. In

Business
S&P 500 futures are little changed as investors count down to Warsh’s Jackson Hole address: Live updates

S&P 500 futures are little changed as investors count down to Warsh’s Jackson Hole address: Live updates

Wall Street entered Friday morning in a state of quiet anticipation, with S&P 500 futures remaining largely unchanged as investors held their breath for a keynote address from Federal Reserve Chairman Kevin Warsh. The mood

Business
Parents who lost children to social media harms question Meta settlement

Parents who lost children to social media harms question Meta settlement

For many grieving families gathered outside a federal court in Oakland, California, the recent eighteen billion dollar settlement between Meta and twenty nine US states feels less like a victory and more like a calculated

Business
Marvell shares tumble 8% as outlook underwhelms despite 37% revenue growth

Marvell shares tumble 8% as outlook underwhelms despite 37% revenue growth

Investors gave Marvell Technology a cold shoulder during premarket trading, sending shares tumbling 8 percent despite a financial report that showed impressive top line growth. The semiconductor firm reported second quarter revenue of 2.7 billion

Business
The US got Meta to change Instagram and Facebook. Europe wants in.

The US got Meta to change Instagram and Facebook. Europe wants in.

A massive eighteen billion dollar settlement between Meta and forty seven U.S. states has sent shockwaves through the regulatory halls of Brussels, leaving European officials wondering why American teenagers are suddenly getting better protections than

Business
States can regulate prediction markets as gambling, federal appeals court rules

States can regulate prediction markets as gambling, federal appeals court rules

In a decision that sends shockwaves through the burgeoning world of digital forecasting, a federal appeals court ruled Friday that states possess the authority to regulate prediction markets under existing gambling laws. The unanimous 3-0

Business
US Treasury imposes limits on Egyptian bank for doing business with Iran

US Treasury imposes limits on Egyptian bank for doing business with Iran

The United States Treasury Department has announced new restrictions on an Egyptian bank following allegations that the institution facilitated prohibited financial transactions with Iran. The move comes as Washington continues to tighten its grip on

Business
Federal appeals court rules that states can regulate betting markets

Federal appeals court rules that states can regulate betting markets

In a significant blow to the prediction market industry, the U.S. Court of Appeals for the Ninth Circuit ruled on Friday that state governments maintain the authority to regulate sports wagering under their own local