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Extending the TikTok Enforcement Delay

Section 1. Extension. (a) The enforcement delay specified in section 2(a) of Executive Order 14166 of January 20, 2025 (Application of Protecting Americans from Foreign Adversary Controlled ...

REUTERS 2024-11-15T09:11:10+00:00

FTC's Holyoak concerned AI collecting children's data

U.S. Federal Trade Commissioner Melissa Holyoak said on Thursday the agency should look into how artificial-intelligence products use the data they gather from younger users, amid privacy and safety concerns.

REUTERS 2023-02-22T18:11:44+00:00

Amazon delivers a regulatory breather to Big Tech

Trustbusters may have finally discovered their eyes are bigger than their stomachs. The U.S. Federal Trade Commission said it won’t challenge Amazon.com’s $3.9 billion acquisition of physician network One Medical. As the deal moves forward, deal-hungry technology giants can take a small breather.

REUTERS 2023-08-03T13:34:54+00:00

BoE’s inflation firefighting will outlast peers

The first of the “Big Three” central banks to lift borrowing costs after the pandemic will probably be the last to cut them. The Bank of England on Thursday raised UK interest rates by a quarter of a percentage point to a 15-year peak of 5.25%. Governor Andrew Bailey and his colleagues also vowed monetary policy would remain “sufficiently restrictive for sufficiently long” to bring inflation down to the BoE’s 2% target. That may not happen until the first quarter of 2025, BoE estimates show, forcing UK businesses, consumers and homeowners to continue to live with high borrowing costs. Consumer prices rose at an annual pace of 7.9% in June.

REUTERS 2020-09-10T04:14:53+00:00

Facebook, Google, Twitter urged by EU to do more against fake news

Two years after agreeing to a self-regulatory code of practice to tackle disinformation, Facebook , Alphabet's Google , Twitter and other tech rivals must try harder to be more effective, the European Commission said on Thursday.

REUTERS 2023-08-03T20:08:01+00:00

Robinhood swaps meme-green tights for duller look

Robinhood Markets is looking more grown-up - and more boring. The retail brokerage posted its first profitable quarter as a public company on Wednesday. A shift away from meme-crazed day traders has seen retirement accounts, launched earlier this year, swell to nearly $1 billion in assets. The problem: Users are still fleeing, and nearly half of revenue comes from interest that is destined to fade.

REUTERS 2022-09-28T16:32:11+00:00

Apple tests idea of discretionary spending

Apple may learn that its moat isn’t as wide during times of high inflation. The $2.4 trillion company led by Tim Cook put on ice plans to increase production of the newly launched iPhone 14 – which starts at $800 – because of softer demand, according to Bloomberg, citing people familiar with the matter. When wallets are pinched, a new iPhone probably isn’t a must-have.

REUTERS 2022-09-28T13:08:38+00:00

Blackstone’s Schwarzman kickstarts UK asset grab

Britain’s currency crisis may have an upside after all – at least for foreign investors. Blackstone’s Steve Schwarzman is paying 80 million pounds for 17th-century country estate Conholt Park, the City A.M. newspaper reported. That deal would have been agreed long before a recent collapse in sterling, prompted by Chancellor Kwasi Kwarteng’s so-called , which pushed the pound down to $1.07. But it’s exactly the kind of purchase that will make more sense the lower the pound goes.