BUSINESS

Deceptive 'Bait-and-switch' Facebook Groups Snare US Voters: Study

The so-called bait-and-switch strategy appears to violate Facebook owner Meta's policies regarding inauthentic behavior or 'complex deception'
Dozens of Facebook groups bill themselves as Kamala Harris fan pages but mount racist attacks, criticize her record on immigration and promote her rival Donald Trump, in what disinformation researchers call a "bait-and-switch" tactic aimed at deceiving voters in a tight US election race.
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US inflation cooled last month in line with expectations

US Fed's Favored Inflation Gauge Cools In September

The US Federal Reserve's preferred inflation measure cooled further last month and now sits just above its long-term target, according to government data published Thursday, shortly before the presidential election.
No roar from Stellantis in the third quarter but the carmaker hopes that new models will soon rev up sales

Sales Slump 27% At Carmaker Stellantis

Stellantis, the carmaker which owns the Jeep, Peugeot and Fiat brands, said Thursday that its sales fell 27 percent in the third quarter because of market difficulties in North America.
Extremely popular in the European Union despite having entered the continent's market only last year, Temu has on average around 92 million monthly active users in the bloc

EU Probes Shopping App Temu Over Illegal Products

The EU launched a formal investigation Thursday into Chinese-founded e-commerce platform Temu on suspicion the site is doing too little to stop the sale of illegal products, in a probe that could lead to large fines.
China reported better-than-expected manufacturing data for October

Asian Stocks Uneven After Shaky Wall Street Lead

Asian stocks got off to an uneven start on Thursday following a weak lead from Wall Street, though better-than-expected manufacturing data from China provided a glimmer of good news for Beijing.
Meta's founder and chief executive Mark Zuckerberg has put most of his attention on the company's AI innovations

Meta Shows Strong Growth As AI Spending Surges

Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors.

Riyadh Air Orders 60 Airbus Planes

Saudi Arabia's new national airline, Riyadh Air, announced on Wednesday it has ordered 60 narrow-body aircraft from Airbus, as it prepares for takeoff next year.
Workers are set to vote on a new contract that could end a strike on the same day that Boeing reports third-quarter results

Boeing And Union Hold 'Productive' Meeting Amid Ongoing Strike

The International Association of Machinists and Aerospace Workers Local 751 said that with the assistance of Acting U.S. Labor Secretary Julie Su, the union's bargaining committee "had a productive face-to-face meeting with the company to address key bargaining issues.

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