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Source: Bloomberg Markets and Finance News Agency
1 month ago
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Bonta Says Meta Put Profit Over Children's Safety

Bonta Says Meta Put Profit Over Children's Safety

California Attorney General Rob Bonta joins Bloomberg This Weekend and calls the landmark youth safety case against Meta a “tobacco moment,” alleging the company knowingly designed Facebook and Instagram features that harmed children and put profit ahead of their safety. Bonta tells hosts Joe Mathieu and Carol Massar the states are seeking financial penalties as well as changes to Meta's products, while the company denies the allegations and says it has worked to make its platforms safer for young people.

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META Meta Platforms, Inc.
Source: Bloomberg Markets and Finance
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Source: 24/7 Wall Street News Agency
1 month ago
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Jim Cramer Says Tim Cook Built Something No Other CEO Has: A Device People Think Is Their Friend

Jim Cramer Says Tim Cook Built Something No Other CEO Has: A Device People Think Is Their Friend

Jim Cramer singled out Tim Cook on a recent Mad Money episode for achieving something rare in modern business: building a company whose products people treat as personal companions rather than consumer electronics.

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AAPL Apple Inc.
Source: 24/7 Wall Street
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Source: Business Insider News Agency
1 month ago
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Instagram vowed to crack down on Meta glasses creeps. A month later, it was easy to find dozens of the videos still up.

Instagram vowed to crack down on Meta glasses creeps. A month later, it was easy to find dozens of the videos still up.

Instagram vowed to crack down on pickup artists and pranksters who use Meta glasses to film harassing videos. Meta said that thousands of pieces of content have been removed, and terms like "rizz" are now blocked in search.

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META Meta Platforms, Inc.
Source: Business Insider
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Source: The Motley Fool News Agency
1 month ago
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Elon Musk Has Said He Wants 25% Voting Control of Tesla to Feel Comfortable Leading Its AI Push. Here's What That Threshold Means for Shareholders.

Elon Musk currently has about 20% voting control over Tesla.  A potential merger with Space Exploration Technologies would likely give Musk even more control.

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TSLA Tesla, Inc.
Source: The Motley Fool
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Source: The Motley Fool News Agency
1 month ago
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Elon Musk's Tesla Is Ending Sweden's Longest Strike by Buying Out Every Worker Still on It

Elon Musk's Tesla Is Ending Sweden's Longest Strike by Buying Out Every Worker Still on It

IF Metall said Thursday it is calling off its nearly three-year strike against Tesla, effective Aug. 19. Tesla offered severance to every remaining striking member rather than sign a collective agreement.

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TSLA Tesla, Inc.
Source: The Motley Fool
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Source: Reuters News Agency
1 month ago
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Nvidia in talks to invest $3 billion in SB Energy as part of OpenAI data center deal, the Information reports

Nvidia in talks to invest $3 billion in SB Energy as part of OpenAI data center deal, the Information reports

Nvidia is in talks to invest ​as much as $3 ‌billion in SB Energy, a subsidiary of ​SoftBank Group and ​developer of a massive ⁠planned Ohio data ​center project for OpenAI, ​the Information reported on Saturday, citing people familiar ​with the discussions.

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NVDA NVIDIA Corporation
Source: Reuters
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Source: Forbes News Agency
1 month ago
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‘Delivery Protection Act' Pits NYC Mayor Mamdani And The Teamsters Against Amazon

‘Delivery Protection Act' Pits NYC Mayor Mamdani And The Teamsters Against Amazon

A coalition of Amazon Teamsters, the Alliance for a Greater New York and the Retail, Wholesale and Department Store Union rallied at New York City Hall to push passage of the Mayor Zohran Mamdani-backed “Delivery Protection Act” that would require Amazon to employ all last-mile delivery drivers in the city rather than rely on subcontractors.

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AMZN Amazon.com, Inc.
Source: Forbes
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Source: Seeking Alpha News Agency
1 month ago
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Microsoft: AI CapEx Is A Good Problem To Buy

Microsoft: AI CapEx Is A Good Problem To Buy

Microsoft delivered 18% revenue and 21% operating income growth in FY26, with Azure revenue surpassing $100 billion and Copilot adoption accelerating. Azure growth accelerated to 43% in Q4, with management guiding for approximately 45% constant-currency growth in Q1 FY27, underpinned by robust AI demand. Capital expenditures remain a key risk, exceeding $50 billion in Q1 FY27 and constraining free cash flow growth despite strong operating results.

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MSFT Microsoft Corporation
Source: Seeking Alpha
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