Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the Federal Reserve on track to deliver another interest rate cut in December.
Read More Wall St edges higher after inflation data keeps Fed rate-cut hopes intact
The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in AI.
Read More US plan to break up Google’s search dominance threatens profit engine, AI growth
Social media companies collect, share and process vast troves of information about their users while offering little transparency or control.
Read More Social media users lack control over data used by AI, US FTC says
Meta won the dismissal of a lawsuit claiming it defrauded shareholders by concealing how changes to Apple’s privacy settings would make Facebook and Instagram less desirable for advertisers.
Read More Facebook parent Meta Platforms beats lawsuit over Apple privacy, Sandberg disclosures
Meta is rolling out enhanced privacy and parental controls for Instagram accounts of users under 18 in a significant overhaul aimed around the negative effects of social media.
Read More Instagram rolls out teen accounts with privacy, parental controls
A Google executive told colleagues the goal for the company’s online advertising business in 2009 was to “crush” rival advertising networks.
Read More Ex-Google exec said goal was to ‘crush’ competition, trial evidence shows