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Texas sues Meta, WhatsApp over encryption privacy
Reuters Videos83d agoneutralVIDEO
Texas sues Meta, WhatsApp over encryption privacy

<body><p>STORY: Texas is suing WhatsApp and parent firm Meta.</p><p>The state says they misled consumers over the messaging app’s encryption and privacy standards.</p><p>In a statement Thursday, Texas Attorney General Ken Paxton said “WhatsApp markets its services as secure and encrypted, but it does not deliver on those promises”.</p><p>The lawsuit says users are given false assurance that their messages are encrypted, even though Meta and WhatsApp have access to “virtually all” private communications on the app.</p><p>A Meta spokesman called the allegations “false”, and said that WhatsApp cannot access people’s encrypted messages.</p><p>The suit seeks a court order barring access to Texans’ communications without their consent.</p><p>It also demands monetary penalties.</p><p>The legal action cites reports about a federal probe into claims that Meta had access to unencrypted WhatsApp messages.</p><p>It also refers to a whistleblower report to U.S. financial watchdogs.</p><p>Paxton’s office has previously filed similar claims against big companies, including one against Google.</p><p>Last year the search giant agreed to pay $1.375 billion to settle claims that it violated users’ data privacy.</p></body>

Meta settles first US case over school costs tied to youth mental health, court filing shows
Reuters83d agoneutral
Meta settles first US case over school costs tied to youth mental health, court filing shows

Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat ‌a mental health crisis allegedly fueled by platforms. The agreement fully resolves a lawsuit brought by Breathitt County School District ‌in eastern Kentucky, following earlier settlements by co-defendants Alphabet's YouTube, Snap and TikTok. The case had been scheduled for a June 15 trial in federal court ​in Oakland, California.

Microsoft Is Market’s Biggest Drag as AI Woes Weigh Down Stock
Bloomberg84d agoneutral
Microsoft Is Market’s Biggest Drag as AI Woes Weigh Down Stock

(Bloomberg) -- The S&P 500 Index has had a fitful 2026 as it aims for a fourth-straight year of double-digit percentage gains, something it hasn’t done since the 1990s, while contending with risks from the war in Iran and rising inflation. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksGoldman CEO Slides Into Musk’s DMs During Bid to

US energy storage additions hit a first-quarter record, report shows
Reuters84d agoneutral
US energy storage additions hit a first-quarter record, report shows

U.S. energy storage developers installed 9.7 gigawatt-hours of new capacity in the first quarter of 2026, marking a record ‌high for the quarter, an industry report showed on Thursday. Energy storage ‌capacity grew 32% in the quarter from a year ago despite federal actions the industry ​says are slowing clean energy development, the report by the Solar Energy Industries Association (SEIA) and Benchmark Mineral Intelligence said. The SEIA said the demand is being driven by data centers, volatile electricity prices and disruptions to global gas and gas ‌turbine supplies.

The Bond Market Sees AI Making Warsh’s Inflation Bind Even Worse
Bloomberg84d agoneutral
The Bond Market Sees AI Making Warsh’s Inflation Bind Even Worse

(Bloomberg) -- To judge by a key bond-market signal, the AI boom is only worsening Kevin Warsh’s inflation problem.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensMeta Begins 8,000 Global Job Cuts in AI Efficiency PushThe incoming Federal Reserve chair previously lashed out at the ce

Higher Prices Could Slow the AI Building Boom
The Wall Street Journal85d agoneutral
Higher Prices Could Slow the AI Building Boom

AI’s big bucks go mostly toward computing gear like chips and servers in data centers. Should that trend persist, it could come to bite suppliers including chip giant Nvidia which reports quarterly results after the bell today. Nvidia can insulate itself from cost inflation by expanding offerings that don’t require as much in-demand memory, by passing on higher prices to customers and by inking longer-term deals with its own suppliers at lower prices.

Buy Nvidia Under $250 on Trump’s China Visit and Warsh’s Dovish AI Signals
24/7 Wall St.89d agobullish
Buy Nvidia Under $250 on Trump’s China Visit and Warsh’s Dovish AI Signals

NVIDIA (NASDAQ:NVDA) at $235.74 screens attractively under $250. President Trump’s China visit and growing signals that potential Fed Chair candidate Kevin Warsh will take a dovish stance toward AI investment reframe the two biggest overhangs on this stock: export controls and rate policy. Nvidia sits at the center of the AI buildout. Data Center revenue ... Buy Nvidia Under $250 on Trump’s China Visit and Warsh’s Dovish AI Signals

YouTube, Snap settle school district's social media addiction claims
Reuters89d agoneutral
YouTube, Snap settle school district's social media addiction claims

Alphabet's YouTube and Snap have reached settlements in the first case set for trial in litigation seeking to force ‌social media platforms to cover the costs school districts incur to combat a youth ‌mental health crisis they say the companies fueled. The settlements were detailed in court filings on Friday in federal court in Oakland, ​California, and resolve claims by a Kentucky school district that is still due to take Facebook and Instagram parent Meta Platforms and TikTok to trial on June 15. Terms of the settlements with Breathitt County School District in rural Eastern Kentucky were not disclosed.

Why Nvidia Earnings May Matter More To The S&P 500 Than Fed Minutes Right Now
Benzinga92d agoneutral
Why Nvidia Earnings May Matter More To The S&P 500 Than Fed Minutes Right Now

For years, Federal Reserve minutes were among Wall Street's most market-moving events. But in today's AI-driven rally, one earnings report may now rival macro data releases in influence: Nvidia Corp (NASDAQ:NVDA). The Santa Clara, California-based chip giant, whose earnings are due next week, is worth roughly $5.3 trillion and recently surpassed the entire S&P 500 healthcare sector in market value, according to Barron's. Essentially, Nvidia is proving to be more than just another mega-cap tech s

The S&P 500 Just Did Something It’s Only Done 3 Times Before. Why Trump’s AI Rally Is in Danger
24/7 Wall St.94d agobullish
The S&P 500 Just Did Something It’s Only Done 3 Times Before. Why Trump’s AI Rally Is in Danger

The stock market keeps climbing walls investors barely seem to notice anymore. The S&P 500 just hit another all-time high, extending a rally that has added nearly 50% since the tariff-driven panic low in April 2025. President Donald Trump’s tax cuts, deregulation push, and pro-business policies embedded in the One Big Beautiful Bill Act have ... The S&P 500 Just Did Something It’s Only Done 3 Times Before. Why Trump’s AI Rally Is in Danger

Uh-Oh! President Trump’s Landmark Tax Cuts Bill Could Be What Kills the Trump Bull Market
24/7 Wall St.95d agobearish
Uh-Oh! President Trump’s Landmark Tax Cuts Bill Could Be What Kills the Trump Bull Market

The stock market has been on a tear during President Donald Trump’s second term. Since Jan. 20, 2025, the S&P 500 has climbed 23.4%. More stunningly, it has surged 48.5% since the April 8, 2025 tariff panic low, as investors decided the White House’s trade fights were survivable and artificial intelligence spending was unstoppable. That ... Uh-Oh! President Trump’s Landmark Tax Cuts Bill Could Be What Kills the Trump Bull Market

Tech Unemployment Ticks Up to 3.8% in April Amid AI-Driven Layoffs
The Wall Street Journal96d agobearish
Tech Unemployment Ticks Up to 3.8% in April Amid AI-Driven Layoffs

The unemployment rate was unchanged at 4.3%. Nike will reduce its workforce by roughly 1,400 workers, or about 2%, mostly in its tech department, as it simplifies global operations. Inflation and economic uncertainty linked to the Iran conflict is giving some chief executives and tech leaders reason to pull back or pause their IT hiring, said Janco Chief Executive Victor Janulaitis.

David Sacks Says AI Could Drive 75% Of US GDP Growth As Morgan Stanley Sees Big Tech AI Capex Surging Past $800 Billion In 2026
Benzinga99d agoneutral
David Sacks Says AI Could Drive 75% Of US GDP Growth As Morgan Stanley Sees Big Tech AI Capex Surging Past $800 Billion In 2026

On Sunday, former White House AI and crypto czar David Sacks said artificial intelligence is rapidly becoming one of the most powerful drivers of the U.S. economy as Morgan Stanley raised its forecast for hyperscaler AI infrastructure spending. Morgan Stanley Projects Massive AI Capex Boom From Big Tech Morgan Stanley now expects Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., Microsoft Corp. and Oracle Corp. to collectively spend about $805 billion in capital expenditures in 2026, up from

Pinterest forecasts upbeat quarterly revenue on resilient advertiser spending
Reuters100d agobullish
Pinterest forecasts upbeat quarterly revenue on resilient advertiser spending

Pinterest forecast second-quarter revenue above analysts' estimates on Monday, helped by steady spending from advertisers as the ‌image-sharing platform sharpens its ad offerings with deeper artificial intelligence ‌integration. Shares of the California-based company jumped 16% in extended trading. The company has been stepping ​up investments in AI, rolling out enhancements to its Performance+ ad suite to automate ad creation and improve personalized targeting, which have started to bear fruit.

The FBI shut down a swarm of crypto scams. Here's what happened.
Yahoo Finance Video100d agoneutralVIDEO
The FBI shut down a swarm of crypto scams. Here's what happened.

The US Federal Bureau of Investigation (FBI) shut down several crypto scam centers, leading to 276 arrests and $562 million saved. Scott Melker discusses the details in the video above."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

While NVDA Dominates Headlines, Here’s Where the Real AI Economics Are Hiding
24/7 Wall St.101d agoneutral
While NVDA Dominates Headlines, Here’s Where the Real AI Economics Are Hiding

NVIDIA (NASDAQ:NVDA) is the stock dominating every retirement account discussion, every cable hit, and every chart on Twitter, and the multi-year run is precisely why. The more important signal sits elsewhere. Semiconductor revenue is cyclical. Always has been. The Bureau of Economic Analysis already shows the math: manufacturing’s share of GDP fell from 9.7% in ... While NVDA Dominates Headlines, Here’s Where the Real AI Economics Are Hiding