Tag: Business
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US court rules Ohio can restrict children’s use of social media
June 18 : A U.S. appeals court on Thursday cleared the way for Ohio to implement a law that requires social media companies, including Meta Platforms’ Instagram, to obtain parental consent before allowing children under 16 to use their platforms.A 2-1 panel of the Cincinnati-based 6th U.S. Circuit Court of Ap
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Exclusive-Meta lobbies Congress for protection from child-harm lawsuits
June 18 : Meta Platforms has lobbied the U.S. Congress for legal immunity from child-harm claims tied to social media products such as Instagram, as it faces thousands of lawsuits from young users and their families, according to a source familiar with the matter and proposed legislative language reviewed by Reuters
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SpaceX gets investment-grade ratings with stable outlook from top agencies
June 18 : SpaceX on Thursday landed investment-grade credit ratings from Moody’s, Fitch and S&P Global Ratings, each assigning a “stable” outlook after the Elon Musk-led company’s high-profile initial public offering.The consensus signals broad confidence in SpaceX’s financial stability, as the company moves
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Trading Day: Stocks rally, oil hits pre-Iran-war lows as Strait of Hormuz reopens for business
NEW YORK, June 18 : A tech-powered rally boosted U.S. stocks on Thursday, while crude prices dropped as supertankers sailed through the reopened Strait of Hormuz hours after U.S. President Donald Trump signed a peace deal with Iran.With U.S. markets closed on Friday in observance of Juneteenth, Wall Street’s
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Global capital sees potential in Europe but urges lighter regulation
Political and business leaders and investors at the FII Institute summit in Rome call for lighter regulation and greater flexibility to draw global investment and boost Europe’s competitiveness.
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OpenAI introduces enhanced usage analytics, AI spending controls for ChatGPT Enterprise
June 18 : OpenAI on Thursday launched new usage analytics and updated spend controls for its ChatGPT Enterprise platform, designed to provide clients with greater visibility and management over their AI deployments.The new features aim to help manage costs and track credit usage, as growing adoption of the AI
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Next week’s inflation data just got even more important. Here’s what’s ahead for the market
Investors will now laser in on any signs that the central bank could hike interest rates against a backdrop of a buoyant stock market.
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SpaceX bankers prepare for potential $20 billion bond offering, sources say
June 18 : SpaceX’s bankers are preparing to meet investors as early as next week to discuss a bond offering of at least $20 billion, two sources familiar with the matter said on Thursday, as Elon Musk’s newly public company seeks funding for an ambitious and capital-intensive AI expansion.SpaceX’s AI ambition
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SpaceX shares fall as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped more than 6 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 6.4 per cent at $179.62, after falling nearly 5 per…
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GKN aerospace factory in California prepares to restart after chemical tank scare
June 18 : A California aerospace factory operated by GKN Aerospace plans to restart some production, sources and a county health agency said, after halting output in late May when an overheating tank raised fears of an explosion and prompted 50,000 nearby residents to evacuate. Employees began returning t
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