Meta has agreed to a massive 17 billion dollar settlement to resolve lawsuits brought by 52 U.S. attorneys general who accused the tech giant of intentionally designing Facebook and Instagram to be addictive and harmful to children. While the payout is the largest of its kind, officials emphasize that the real victory lies in the
Federal Reserve Chair Kevin Warsh used his first keynote address at the annual Jackson Hole Symposium to send a blunt message to markets: the fight against inflation remains the primary mission. By emphasizing that returning the personal consumption expenditures index to a two percent target is a firm and fixed goal, Warsh signaled that the
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 gambling laws. The three judge panel found that federal commodities trading regulations do not override Nevada’s specific statutes regarding bets
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 decision from the Ninth Circuit Court of Appeals represents a significant setback for platforms like Kalshi, which have long argued
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 global financing networks used by Tehran, signaling a firm stance against those who attempt to bypass international sanctions regimes. While
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 Europeans. Under the terms of the deal, Meta has agreed to implement strict new guardrails on Facebook and Instagram to
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 dollars, a 37 percent jump that slightly exceeded the company’s own projections from May. While these numbers look strong on
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 silence. While officials have hailed the agreement as a historic step toward protecting young users, parents who lost their children
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 across the markets is one of caution, as traders gather clues from the central bank’s annual symposium in Jackson Hole,
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 a starkly worded open letter, these industry leaders warned that AI enabled cyberattacks are poised to become significantly more sophisticated