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By Diana Novak Jones May 29 (Reuters) - A Kentucky school district secured approximately $27 million in settlements from social media companies over claims they fueled a student mental‑health crisis,
A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay the most at $9 million in the bellwether case for school districts, according to documents that reveal financial terms for the first time as terms of the deals had not been disclosed in court. The operator of Instagram, Facebook and WhatsApp settled the case brought by Breathitt County School District on May 21, a few weeks before a planned June trial, following settlements by co-defendants Snap Inc, YouTube parent Alphabet and TikTok parent ByteDance.
Investing.com -- The U.S. has launched a new trade investigation into Vietnam’s handling of intellectual property rights, potentially paving the way for additional tariffs on Vietnamese imports, Bloomberg reported on Friday.
NHTSA is investigating two complaints involving possible rear toe link separation in Rivian's R1 pickups and SUVs.
UiPath Stock Slips After Earnings Miss Despite Strong AI Growth Outlook
In 1975, American Express (AXP) entered the cultural zeitgeist with a series of commercials that ended with the slogan, “Don’t leave home without it.” The campaign, created by the groundbreaking ad agency Ogilvy & Mather, warned Americans of the consequences of carrying cash around abroad — it ...
Space stocks are splitting sharply this Friday morning after Blue Origin’s New Glenn rocket exploded during a hotfire test late Thursday at Cape Canaveral. AST SpaceMobile (NASDAQ:ASTS) stock is down 17% to $111, while Planet Labs (NYSE:PL) stock has dropped 8% to roughly $47.50 and Rocket Lab (NASDAQ:RKLB) stock has slipped 6% to $139. Virgin ... AST SpaceMobile Plunges 17%, Planet Labs Drops 8% on Blue Origin Explosion, While Virgin Galactic Surges 11%
Wix (NASDAQ: WIX), a dog of a company, laid off 1,000 people and said the primary reason was “fast evolution of AI capabilities.” Currency exchange rates were given as another reason Wix is doing poorly enough that it may have had to make the cuts anyway. It had 5,200 workers before the cuts. Wix is ... AI Layoffs Strike Again, As Company Dumps 1,000 Workers
Shares slide despite earnings beatSentinelOne (NYSE:S) came under heavy pressure in pre-market trading on Friday, with the cybersecurity group’s shares dropping nearly 20%, adding to a 16. 8% decline recorded in after-hours trading.
Burlington Stores beats Q1 earnings and revenue estimates, posts its 14th straight quarter of double-digit earnings growth, and raises its FY26 guidance.
Super Micro Computer stock and other AI server companies were rising after Dell's blowout earnings.
(Bloomberg) -- China’s export prices jumped at their fastest rate in three years, as a global surge in energy costs and an AI boom broke a long streak of falling prices.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceUS, Iran Agree to 60-Day Truce Renewal Pending Trump SignoffIran’s Khamenei Says No Going Back for Middle East Rocked by WarOffic
ASTS faced additional pressure after Blue Origin's latest New Glenn anomaly.
Nvidia (NVDA) stock closed at $212.6 on May 27, down 9.81% from its highest closing price of $235.74 on May 14. The dip comes as a result of a common pattern of volatility for the stock near its earnings report. Nvidia reported its first quarter (Q1) fiscal year 2027 earnings on May 20. Nvidia did ...
When you sell franchises, you run the risk of the franchise operator's problems making it look like you have a struggling brand. Burger King, for example, in 2024 saw Carrols Restaurant Group, one of its largest franchise operators, close dozens of restaurants. The franchise operator blamed rising ...
NHTSA opened a preliminary investigation into nearly 115,000 R1S and R1T vehicles
Salesforce guided second-quarter revenue below expectations as investors weighed AI disruption concerns and Agentforce growth.
When a company gets breached these days, the cleanup bill rarely stops at fixing the systems that were broken into. Companies end up paying for legal settlements, customer reimbursements, identity protection services, and years of trying to win back people who no longer trust them with their ...
When a company gets breached these days, the cleanup bill rarely stops at fixing the systems that were broken into. Companies end up paying for legal settlements, customer reimbursements, identity protection services, and years of trying to win back people who no longer trust them with their ...
The company said authorities arrested suspects and seized servers tied to illegal shipments.
EARNINGS American Eagle Outfitters posted higher first-quarter revenue, despite a decline in same-store sales at its core brand. The apparel retailer on Thursday posted a profit of $23.5 million, or 14 cents a share, in the quarter ended in early May, compared with a loss of $64.
The Federal Reserve has not been generous with rate cuts lately, and the Vanguard Small-Cap Value ETF (NYSEARCA:VBR) has the kind of interest rate sensitivity that makes that hurt. Small-cap value names carry more floating-rate debt than the megacaps weighting the S&P 500, so every meeting the Fed delays, VBR holders are paying the carry ... Trump’s Rate Cuts Could Light a Fire Under This Vanguard ETF
Class A shares of Berkshire Hathaway, owner of BNSF Railway, reversed earlier gains on Thursday after a federal regulator pushed pause on its review of the blockbuster merger between Union Pacific and Norfolk Southern. BNSF, which competes with Union Pacific in the Western U.S., has previously said that the proposed merger will "concentrate too much control of the nation's freight market with one railroad leading to long-term harm to competition and resilience in the nation's supply chain." "BNSF remains firmly opposed to the proposed UP–NS merger," the Berkshire-owned railroad said in a statement on Thursday.
A strong quarter did little when Zscaler's guidance spooked investors already nervous about AI eating their lunch.
Shares of freight railroads Union Pacific and Norfolk Southern dropped sharply Thursday, after a federal regulator paused the review process for their merger, stating it needed more details to evaluate the transaction. Union Pacific fell 3.5%, and Norfolk Southern is down 5%. While the Surface Transportation Board said it accepted the revised merger application that the two railroads filed in April, it froze the review and will establish another schedule for the remainder of the process.
Over the past few months, T-Mobile has been handing out pink slips to employees as it focuses on becoming a digital-first company, a change aimed at enhancing the customer experience. Amid this shift, the carrier has quietly made major store changes that impact customers and employees. ...
The European Commission, the EU’s executive arm, said that the deal could potentially distort competition in the bloc’s internal market.
Investing.com -- Ferrari shares dropped sharply on Wednesday after the Italian automaker unveiled the controversial exterior design of its first all-electric model, the Luce, but Barclays analyst Henning Cosman is urging investors not to overreact, calling the selloff excessive and framing the design gamble as a deliberate and strategically sound move.
Gold traded at a two-month low early on Thursday on renewed inflation worries as oil prices rose on
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