In a recent decision, the 9th U.S. Circuit Court of Appeals in San Francisco upheld an injunction that blocked a California law designed to protect children from harmful online content. The law, known as the California Age-Appropriate Design Code Act, required businesses to create reports addressing potential risks to children on their online platforms and
United Auto Workers President Shawn Fain has recently taken aim at Stellantis CEO Carlos Tavares in a video, accusing him of engaging in price gouging practices and failing to adhere to certain parts of the union’s labor contract with the automaker. Fain’s comments highlight a growing tension between the CEO and the union leader following
Alan Taylor, a renowned economics professor with expertise in international economics and financial crises, has recently been appointed to the Bank of England’s Monetary Policy Committee. Originally from the northern English city of Wakefield, Taylor has an impressive academic background, having studied at the University of Cambridge and receiving a doctorate in economics from Harvard
Deutsche Bank’s attempt to settle with shareholders over the underpayment related to the acquisition of Postbank has been met with sharp criticism from the plaintiffs’ lawyer. The offer of 36.50 euros per Postbank share has been labeled as a “crackhead” offer that is deemed “dead on arrival” by Jan Bayer, the lawyer representing the plaintiffs.
Rocket Lab, a space company, is seeing a surge in its stock price, jumping more than 16% and hitting a 52-week high after shipping two Mars-bound spacecraft to Cape Canaveral, Florida. This significant milestone is a major accomplishment for the company, showcasing its capabilities in designing, building, integrating, and testing spacecraft for prestigious clients such
The recent movement in U.S. Treasury yields can be attributed to the data showing a resilient U.S. consumer and lower inflation trends. This has provided the Federal Reserve with some leeway for a potential small rate cut in the upcoming months. The panic that ensued due to a spike in the unemployment rate, which led
Cisco shares surged approximately 8% on Thursday, marking their best day since March 2020. This spike came after the computer networking company disclosed that it would be reducing its workforce by 7%. Additionally, Cisco reported quarterly results that exceeded analyst expectations, prompting Morgan Stanley analysts to describe the results as better than anticipated. Cisco announced
Investing in equities can be a challenging endeavor, requiring specialized knowledge and guidance. With the rise of social media platforms, particularly TikTok, a new source of investment advice has emerged – finfluencers. These self-proclaimed financial influencers have gained popularity among young investors, who are increasingly turning to them for tips on how to grow their
In a surprising turn of events at the box office, Blake Lively has once again triumphed over her husband, Ryan Reynolds. Lively’s film, “It Ends With Us,” which she not only starred in but also produced, raked in an impressive $5.5 million on Wednesday. This marked the third consecutive day that the romance drama, directed
A group of federal lawmakers from both sides of the aisle recently sent a letter to Meta CEO Mark Zuckerberg expressing their deep concern regarding the company’s failure to prevent illicit drug advertisements from proliferating on its platforms, including Facebook and Instagram. According to reports from The Wall Street Journal and the nonprofit Tech Transparency