Tag: Business
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Meta loses bid to dismiss US states’ claims that Facebook, Instagram addict children
June 30 : A federal judge rejected Meta Platforms’ bid to dismiss a lawsuit by dozens of U.S. state attorneys general accusing it of designing Facebook and Instagram to be addictive to children and knowingly concealing the harm from the public.In a decision late on Monday night, U.S. District Judge Yvonne Gon
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Crypto firms have spent $189 million so far on 2026 US election, report says
June 30 : Cryptocurrency companies have spent $189 million so far to influence the 2026 U.S. midterm elections, outpacing their spending for the previous election cycle, according to a new report from Public Citizen, a consumer advocacy organization. More than one-third of all corporate money contributed to t
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US approach to regulation of AI is problematic, Sixth Street’s Chavez says
LONDON, June 30 : The United States’ regulation of artificial intelligence is problematic and inconsistent, Martin Chavez, vice chairman at investment firm Sixth Street, told Reuters on Tuesday.Speaking at the Reuters Momentum AI London event, Chavez criticised the current U.S. approach of regulating each n
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EU opens antitrust probe into Align Technology over Invisalign, scanner tying
BRUSSELS, June 30 : The European Commission said on Tuesday that it has opened an antitrust investigation into U.S.-based Align Technology over suspected tying of its iTero intra-oral scanners to Invisalign clear aligners in the European Economic Area.The probe, prompted by a competitor’s complaint, will asse
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Rakuten satellite project to receive up to $912 million in Japan govt grant
TOKYO, June 30 : The Japanese government will grant up to 148 billion yen ($912 million) to Rakuten Group to help it build a satellite communications network, industry group Communications and Information Network Association of Japan said on Tuesday. Rakuten, an e-commerce, financial and telecommunications
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Agentic AI may require regulatory reform, BOE’s Breeden says
LONDON, June 30 : More sophisticated regulatory frameworks may be needed to monitor and contain the risks AI poses to the financial system, one of the Bank of England’s deputy governors said on Tuesday.Speaking at the European Central Bank Forum on central banking in Portugal, Sarah Breeden, deputy governor f
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Joby, Toyota announce joint venture for air taxi production
June 30 : Joby Aviation and Toyota Motor announced a joint venture on Tuesday to produce the air taxi maker’s S4 series, as it looks to secure government approval to deploy its commercial electric vertical takeoff and landing aircraft.Air taxi firms such as Joby are competing to secure approvals and commercia
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SCOTUS decisions, Dow at 52,000, the retirement savings gap and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Stocks making the biggest moves premarket: AeroVironment, Strategy, Merck & more
These are the stocks posting the largest moves premarket.
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India’s SBI-backed Cashfree Payments bets on cross-border push with travel, investment payments
BENGALURU, June 30 : Indian fintech firm Cashfree Payments plans to deepen its cross-border business with offerings such as overseas investment and travel payments as it seeks to tap rising demand for international transactions, CEO Akash Sinha said on Monday.Cashfree, backed by State Bank of India, the count
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