Meta tumbles 10% on weak revenue forecast and Zuckerberg's comments on spending
Sort by
806 items
Filter
Items per page
-
GameStop Stock Slides on Plans for Share Sale, Weak Revenue
Shares of the videogame maker declined 25% after it said it plans to sell up to 45 million shares. GameStop has 306 million shares outstanding.The Wall Street Journal - World -
Newzoo revises 2023 games revenue forecasts down to $184B
Newzoo has adjusted its 2023 games revenue estimates, putting the numbers down from $187 billion to $184 billion.VentureBeat - Tech -
Musk, Bezos, Zuckerberg and other tech titans stand in the way of the common good
What better lesson in inequality is there today than that of the extraordinary rise of the tech titans, who have harnessed technology to accumulate unimaginable wealth and power and yet prevented it from benefitting the common good?MarketWatch - Business -
New spending fight emerges
Business & Economy The Big Story McConnell and Democrats on collision course over spending Senate Republicans are on a collision course with Democrats over government funding, as the latter insists nondefense spending programs receive equal ...The Hill - Politics -
US lawmakers clash after 'fake eyelashes' comment
The fiery exchange began when Republican Marjorie Taylor Greene criticised Democrat Jasmine Crockett.BBC News - Top stories -
Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.CNBC - Business - European Union -
Meta Faces Fresh Probe Over ‘Addictive’ Effect on Kids
The EU has launched an investigation into Facebook and Instagram’s child protection measures as part of mounting concerns around minors’ use of social media.Wired - Tech -
Meta Faces EU Probe Over Facebook, Instagram Child-Protection Policies
The investigation, which could eventually lead to a fine, will look into the platforms’ use of algorithms that officials said may stimulate addictive behavior in children.The Wall Street Journal - Tech - European Union -
Meta Faces EU Investigation Over Child Safety Risks
The Digital Services Act, which became active last year,requires social media platforms to work harder to prevent dangerous and illegal content from reaching younger users.Inc. - Business - European Union -
EU investigating Meta over addictive effects of Facebook, Instagram on children
The European Union is investigating Meta, the parent company of Facebook and Instagram, over the potentially addictive effects of its platforms on children. The bloc’s executive arm, the European Commission, opened “formal proceedings” against ...The Hill - Politics - European Union -
Trump uses CNN commentator to argue he should be found not guilty
Former President Trump on Thursday pointed to recent remarks from a CNN legal analyst to bolster his argument that he should not be found guilty in his hush money trial in New York. Trump, speaking with reporters following a day in court, listed ...The Hill - Politics - Donald Trump -
30-year Treasury yield falls for 3rd straight week after data indicate ‘serious headwinds’ for U.S. economy
Rates on U.S. government debt finished slightly higher on Friday even after new Conference Board data pointed to softer economic conditions ahead. However, yields finished lower for the week, with the 30-year rate experiencing its third straight ...MarketWatch - Business -
Raucous congressional hearing with 'fake eyelashes' comment sparks backlash
Speaker Mike Johnson on Friday said he is disappointed in the chaos and name-calling that happened during a raucous House Oversight Committee markup on Thursday night.ABC News - Top stories -
SF artist uses unconventional medium to comment on colorism in the Black community
A young San Francisco artist's exhibit at the Museum of African Diaspora explores the issues surrounding beauty and skin color within the Black community.CBS News - Entertainment -
How much money the U.S. spends on war
American military spending reached $916 billion in 2023, which accounts for more than a third of the world's total military expenditure.CNBC - Business -
EU investigates Facebook owner Meta over child safety and mental health concerns
Company’s social media platforms, which also include Instagram, may have addictive effects, says European Commission. • Business live – latest updates. The European Commission has opened an investigation into the owner of Facebook and Instagram ...The Guardian - World - European Union -
With Ukraine Funded, New Fight Emerges in Congress Over Pentagon Spending
Mitch McConnell and other top Republicans want more federal money for the military. But Democrats say domestic programs must get an equivalent boost.The New York Times - Top stories - Ukraine -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
-
McConnell, Collins on collision course with Democrats over spending parity
Senate Republicans are on a collision course with Democrats who are insisting that nondefense spending programs receive equal treatment with defense programs. Senate Republican Leader Mitch McConnell (Ky.) says he won’t accept Democrats’ demand to ...The Hill - Politics -
Is Hunt right that Labour’s spending plans would leave a £38bn black hole?
Labour criticises a dossier released by the Conservatives that adds up how much their spending commitments would cost.BBC News - Top stories -
Bruins' Brad Marchand could return to lineup for Game 6, comments on controversial hit from Sam Bennett
Marchand has missed the last two games after being hit by Panthers forward Sam Bennett in Game 3CBS Sports - Sports -
Who is Harrison Butker? Chiefs kicker facing criticism after controversial sexist, anti-gay comments in speech
Butker has been Kansas City's starting kicker since 2017 -- across its three Super Bowl winsCBS Sports - Sports -
NFL distances itself from Chiefs kicker Harrison Butker's comments during commencement speech
The NFL is distancing itself from Kansas City Chiefs kicker Harrison Butker, saying “his views are not those of the NFL as an organization.”ABC News - Sports - NFL -
Ukraine halts Russian advance and unleashes drones on Crimea as Putin makes first comments on new offensive
KYIV, Ukraine — Ukraine said its forces had slowed the Russian advance in the war's new hotspot as Moscow said Friday a massive wave of drones attacked several regions including occupied Crimea.NBC News - Top stories - Ukraine -
Biden’s student-loan forgiveness plan comment period is ending. Here’s what people are saying.
Many commenters are urging the Biden administration to move forward with its mass student-loan forgiveness plan.MarketWatch - Business - Joe Biden -
White House refuses to comment on Alito reports but says Biden believes ‘American flag is sacred’ – live
Karine Jean-Pierre says Biden believes US flag is ‘owed proper respect’ in wake of report saying upside-down US flag flew outside Alito’s home. Upside-down US flag reportedly hung outside Samuel Alito’s home days after Capitol attackThe Hawaii ...The Guardian - World - Joe Biden -
Meta faces an EU investigation into whether its Facebook and Instagram services do enough to protect minors under a new online-content law.
Meta faces an EU investigation into whether its Facebook and Instagram services do enough to protect minors under a new online-content law.The Wall Street Journal - World -
Activists sue Russia over ‘weak’ climate policy
Russian constitutional court is considering claim, which activists hope will raise awareness about emissions. A group of activists are fighting for the right to scrutinise Russia’s climate policies, and in particular its enormous methane ...The Guardian - World - Climate -
The WSJ Dollar Index Was Flat at 99.16
The WSJ Dollar Index was flat at 99.16, and was down four of the past five trading days.The Wall Street Journal - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World