Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. Qualcomm’s share price surged 12% in afterhours trading after the company announced it had raised its forecast for revenue this year to $40 billion from $22 billion.
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The Commodity Futures Trading Commission (CFTC), the federal derivatives regulator, filed a lawsuit against the Commonwealth of Kentucky on June 23, 2026, making it the ninth state the agency has sued in an accelerating battle over who gets to regulate prediction markets in the United States. Kentucky had moved the ...
Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers.

<body><p>STORY: The European Commission plans to ramp up its probe into Meta, a Bloomberg report said. </p><p>The EU alleges the social media giant designs its platforms to be addictive to children. </p><p>The report said the bloc is preparing preliminary findings but has not set a date for the announcement.</p><p>It’s not the first time Meta has faced scrutiny from the commission. </p><p>It first opened a probe into the company under the Digital Services Act in May 2024, due to concerns it had not adequately addressed risks to children.</p><p>In April it charged Meta with breaching its tech rules…</p><p>And said the Instagram owner must do more to block children under 13 from accessing social networks. </p><p>The report said the EU is considering curbs similar to those announced by the UK and other countries after an expert panel delivers recommendations next month.</p><p>Meta and the European Commission did not immediately respond to Reuters requests for comment. </p><p>Reuters could not independently verify the report.</p><p>Meanwhile, a source told Reuters the social media giant is pushing for legal protection in Washington. </p><p>The source said Meta is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p></body>
By Amanda Cooper LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to
(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...
Emily Dalton Smith, who was set to lead Meta's internal AI work push, is reportedly leaving the company.
Meta CEO Mark Zuckerberg is admitting to missteps in a newly leaked memo, following the company's significant workforce changes over the past year as it pours billions of dollars into developing artificial intelligence infrastructure. These changes include Meta’s decision last year to axe ...
(Bloomberg) -- SpaceX shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com Inc. by market value.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealShares
A jury had found the two companies liable for designing platforms that harmed a young user and awarded $6 million in damages
Meta Platforms (META) has been ordered by the European Commission to restore and maintain free acces
IPOs have had juicy first-day gains this year, but it doesn’t take long for the pullback to start. And that is particularly true for mega IPOs.
Italy's competition authority said on Monday it had dropped an investigation into Meta Platforms over allegations the company abused its dominant position by installing its artificial intelligence tool on messaging service WhatsApp. The investigation had been launched in July 2025. The regulator, known as AGCM, said it closed its probe because the European Commission had extended its own investigation into the same issue to include the Italian territory.
Investors must decide whether Meta's remarkable ad business outweighs its eye-watering AI spending.
Earlier this year, Meta cut thousands of employees and told investors the reductions were necessary to fund its AI ambitions. The company redirected that payroll into infrastructure, researchers, and models designed to compete with OpenAI, Anthropic, and Google. Mark Zuckerberg called it the most ...
A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points — the biggest one day point drop on record, according to Dow Jones Market Data.
Investing.com -- Meta Platforms (NASDAQ:META) shares fell 7% on Friday after the Financial Times reported the company is considering a major equity raise to fund its artificial intelligence infrastructure.
Broadcom’s 15% slide in premarket trading has widely been blamed on guidance that merely held steady against Wall Street’s lofty expectations. But there might be more to the story. According to Ben Barringer, head of technology research at U.
Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear. However, shares of the Palo Alto, California-based company fell more than 2% in extended trading. They had gained nearly 8% last week in the run up to earnings.
(Bloomberg) -- The hunt is on for companies that could benefit from the tailwinds of an unprecedented wave of stock offerings in the US, and investors are increasingly honing in on the Asian supply chain.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarCVS Returns Zepbound to Drug
Investing.com -- Meta Platforms, TikTok parent ByteDance, Snap, and Alphabet’s YouTube have agreed to pay roughly $27 million to settle claims brought by a Kentucky school district alleging their platforms contributed to a student mental health crisis, Reuters reported on Friday.
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.
Meta said Vermont had not alleged the company designed Instagram or its features in the state, nor that any claims about the app’s safety or addictiveness were made there.
A bid by Meta Platforms (META) to avoid a lawsuit by Vermont's attorney general accusing the company
Dropbox said on Tuesday that CEO and co-founder Andrew Houston will step down after a transition period, promoting insider Ashraf Alkarmi to co-CEO ahead of his succession as the sole chief executive. The file hosting service provider's shares fell more than 1% in early trading. They have fallen over 3% this year.
Earlier this week, Rep. Alexandria Ocasio-Cortez (D-N.Y.) called for federal investigations into the environmental impact of data center construction after residents near Meta Platforms, Inc.'s Georgia facility reported discolored well water, declining water pressure and appliance damage. AOC Raises Concerns...