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The European Union is ramping up pressure on Meta to make big changes to Facebook and Instagram after the European Commission preliminarily found that features like autoplay, infinite scroll, and highly personalized content recommendations were addictive. On Thursday, the EC said its investigation indicated that “Meta did not adequately assess the risks of its addictive design on the physical and mental wellbeing of users, including minors and vulnerable adults.” “These features fuel the user’s urge to keep scrolling and shift the brain into ‘autopilot mode,’ contributing to unhealthy habits and compulsive use,” the commission said. Over the next few months,…
Devon and Cornwall Police have confirmed a 26-year-old man has been arrested as part of a murder investigation into the death of Ann Widdicombe.The 78-year-old Reform UK spokeswoman and former Conservative minister was found dead in her Dartmoor home on Thursday morning. The police also said the situation is not being treated as a terrorist incident after consulting with counter-terror policing as part of “initial enquiries”Read more. Source link
The S & P 500 trades at just 21 times expected earnings over the next 12 months, a forward price-earnings ratio that looks quite reasonable considering the benchmark’s trailing P/E is currently 28. It doesn’t mean stocks are cheap, experts warned. The spread between the two P/E ratios is rarely this wide except at market extremes like back in 2000, FactSet data shows. It’s a sign that investors are really expecting a parabolic move in earnings in the coming year and any shortfall could cause a market pullback. We’ll get a clearer idea of whether companies can live up to…
Delta expects fare gains to hold as fuel volatility pressures airlines Source link
Meta CEO Mark Zuckerberg attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 9, 2026. Brendan McDermid | ReutersMeta shares rallied on Friday, lifting their gains for the week to 15%, on pace for the best weekly performance since early 2024, as optimism builds around CEO Mark Zuckerberg’s artificial intelligence strategy. Three months after introducing Muse Spark, its first proprietary foundation AI model, Meta made two significant announcements this week. On Tuesday, Meta released Muse Image, a new AI model for creating images, and part of an…
U.S. President Donald Trump speaks to members of the press aboard the new Air Force One on July 8, 2026. Win Mcnamee | Getty ImagesPresident Donald Trump ousted the three remaining members of the Election Assistance Commission, with less than four months before midterm elections, the White House confirmed Friday.Democrats blasted Trump’s gutting of the EAC, an independent federal agency that helps administer election funds, calling it just the latest example of Trump’s efforts to subvert U.S. elections.Two Democratic commissioners — Thomas Hicks and Benjamin Hovland — were fired by email on Thursday, according to VoteBeat, which first reported the…
Kraken is preparing to reintroduce its app with agentic trading at its core, a development that could mark the next major competitive battleground for crypto exchanges, the company told CNBC exclusively.Agentic trading is when AI agents autonomously make trading decisions, execute transactions and potentially manage portfolios, based on human inputs. Unlike traditional automated systems that follow fixed rules, agentic platforms can evaluate multiple variables, learn from new information and pursue objectives defined by the human prompting it, within set parameters.Kraken said its platform will give users access to agents capable of continuously monitoring markets, identifying investing opportunities and executing trades…
Investing.com — SK Hynix’s American depositary receipts jumped 14% in their Nasdaq debut on Friday, extending investor enthusiasm for AI-linked chipmakers after the company raised $26.5 billion in a record U.S. share sale. ADR shares opened at $170, well above their offering price of $149. The ADRs traded roughly 17% premium to the Seoul-listed shares, partly due to limits on converting the South Korean stock into ADRs. The Nasdaq listing comes as semiconductor stocks have lost momentum in recent weeks amid concerns that spending on AI infrastructure could slow after a prolonged rally. Despite the recent weakness, SK Hynix shares remain up…
But that number had scaled up to 50,000 by this March, as the extent of its problems continued to grow. Then in late June, a German magazine reported that now, 100,000 jobs would go by 2030, along with the unthinkable: closing four German factories, something that has never been done in its history. But Volkswagen’s public statement on the restructuring plan makes no mention of job losses or factory closures—at least not directly. But it does call for a heavily edited model lineup, with half as many vehicles offered across all its brands. These will be “concentrated on the most…
A murder investigation has been launched into the death of Ann Widdecombe, police have confirmed. Devon and Cornwall Police said they are looking for the person responsible who they believe to be a white male. Police officers were called by the ambulance service to the home of the 78-year-old former Conservative and Reform UK politician on Dartmoor in Devon at about 11:40 BST on Thursday.Widdecombe was found dead within the property with serious injuries, police said.Det Ch Insp Ilona Rosson said: “This is an extremely tragic incident and our thoughts are very much with the family and friends of Ann…