Economy

Economy
Economy

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 deal, several states have agreed never to sue Meta under existing child safety laws regarding how the company retains and

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Economy

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 letter signed by giants such as Google, Microsoft, Visa, and Accenture, the coalition warned that within just a few months,

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Economy

Bill Gates issues stark warning about AI’s impact on American jobs

Bill Gates is issuing a sobering wake up call regarding the future of the American workforce, warns that artificial intelligence is evolving at a mind blowing rate that leaves little time for society to adapt. In a comprehensive new essay, the Microsoft co founder argues that unlike previous industrial revolutions which unfolded over several generations,

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Economy

FDA approves daily HIV pill from Gilead designed to simplify treatment for some patients

The Food and Drug Administration has approved a new once-daily HIV medication from Gilead called Bixlenvo, offering a streamlined treatment path for patients who have previously struggled with complex medical regimens. While many people living with HIV can manage the condition with a single daily pill, a small but significant portion of the population remains

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Economy

Marvell Q2 FY2027 earnings: record revenue, raised guidance

Marvell Technology has hit a new milestone with its second quarter fiscal 2027 results, reporting a record breaking revenue of 2.74 billion dollars. The Santa Clara based semiconductor firm outperformed analyst expectations on both the top and bottom lines, driven primarily by an insatiable appetite for artificial intelligence hardware. This success has prompted the company

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Economy

Parent activist says Meta settlement is ‘peanuts,’ calls on Zuckerberg to speak out

A massive seventeen billion dollar settlement from Meta may seem like a staggering sum to most, but for parent activist Cheryl Brown, it is nothing more than peanuts. Speaking with Fox Business, Brown expressed that while the legal agreement marks a step in the right direction, no amount of money can replace her daughter, McKenna,

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Economy

Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday. Here’s what to expect

All eyes are on Wyoming this Friday as Federal Reserve Chairman Kevin Warsh prepares to deliver his highly anticipated keynote address at the annual Jackson Hole symposium. While the official theme of this year’s gathering focuses on financial innovation and payments, investors are searching for deeper clues regarding the future of monetary policy. Historically, Fed

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Economy

‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement

Meta Platforms has reached a historic 18 billion dollar settlement with 48 U.S. states, agreeing to implement sweeping changes to how teenagers interact with Facebook and Instagram. Over the next decade, the tech giant will roll out several mandatory safeguards for users under 18, including a strict two hour daily usage limit and a digital

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Economy

Meta’s $18bn settlement: How social platforms will change for child users

Meta has agreed to a massive 18 billion dollar settlement to resolve a series of lawsuits across 48 US states and territories, ending allegations that the company deliberately designed Instagram and Facebook to be addictive for children. While the financial penalty is significant, it represents only a small portion of the tech giant’s annual revenue.

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Economy

FDA approves landmark pancreatic cancer drug that’s shown to improve survival

The U.S. Food and Drug Administration has granted expedited approval to a groundbreaking new medication for advanced pancreatic cancer, marking a potential turning point in the fight against one of the world’s deadliest diseases. The drug, developed by Revolution Medicines and marketed under the brand name Rasonque, is a first of its kind designed to

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