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Meta likely to dodge suits over WhatsApp investment scams
A federal judge previously ruled victims of a similar investment scheme lacked standing to sue Meta under the Securities Litigation Uniform Standards Act.
Fed minutes: Officials deeply divided over future path of US inflation
A key concern for many Fed officials is the potential for the AI buildout to contribute to higher inflation.
Kalshi loses bid to stop New York from regulating prediction markets
New York officials claim prediction markets like Kalshi and Polymarket are offering unlicensed sports gambling.
Apple loses EU court fight over Big Tech gatekeeper rules
The General Court upheld Apple’s designation under the Digital Markets Act and ruled the company must wait for future enforcement actions to challenge many of the law’s obligations.
Wall Street banks are sky-high about SpaceX, but investors remain cautious
Founder Elon Musk decided to take the company public because it needs money to fund its ambitions.
US airlines are redesigning travel around their highest-paying passengers
The strategy marks a notable evolution for an industry that spent decades making air travel more accessible.
Big Tech accuses Belgium of rewriting rules for paying creators
Google, Meta, Spotify and Sony say Belgium’s copyright law forces platforms into negotiations and payments that go beyond the EU’s landmark 2019 copyright directive.
Judge scraps Musk’s attempt to toss Twitter fraud verdict
The judge rejected Musk’s bid to set aside the verdict in most respects, but he did side with the world's richest man as to the effect of one tweet he sent on May 17, 2022.
Fears new pan-European company status threatens workers' rights
The EU has repeatedly insisted the new rules would not corrode national labor and tax laws. Not everyone is reassured.
Investors claim Oracle misled them over OpenAI deal
A Michigan public pension fund claims Oracle had to increase its debt to meet commitments to OpenAI when the AI giant had its own shortfalls, without notifying investors of the risk.
Google search empire stuck with $4.7 billion fine after losing final Android appeal in Europe
The EU's big win is part of the bloc's blueprint for how to handle anticompetitive behavior by Big Tech.