Voters Sue Elon Musk For Fraud Over $1 Million Giveaway, Claiming Winners Were Predetermined
Arizona resident Jacqueline McAferty claims she would not have signed the America PAC petition or shared her personal information had she known the winners were chosen to serve as spokespeople for the pro-Donald Trump PAC and not selected randomly, as claimed, for the $1 million prize.
Meta Extends Ban On New Political Ads Beyond US Election Day
The move highlights the tech company's efforts to combat the widespread spread of misinformation, as experienced during the last presidential election. However, Meta did not disclose the specific date on which it will lift the restriction.
Boeing Workers End 53-Day Strike, Accept New Offer
The new offer includes an immediate 13% raise, followed by 9% hikes in each of the next two years, and a 7% increase in the fourth and final year of the contract, resulting in a total pay increase of over 43%. Additionally, workers will also receive a $12,000 ratification bonus.
Blackstone In Advanced Discussions To Buy Shopping Center Owner Retail Opportunity: Report
This year has seen a slowdown in real estate deal-making, with U.S. mergers and acquisitions declining by 39% to $27.1 billion, according to data from Dealogic. Elevated interest rates have raised borrowing costs, impacting the market.
JPMorgan Chase To Pay $151 Million To Settle 5 SEC Enforcement Cases
J.P. Morgan Securities and J.P. Morgan Investment were accused of misleading customers with inaccurate disclosures, breaching its fiduciary duty and engaging in prohibited joint transactions and principal trades.
Ford To Pause F-150 Lightning Production, Reduce Manager Bonuses Amid Cost Cuts
Earlier this week, Ford announced third-quarter net income of $900 million, or 22 cents per share, which included a $1 billion charge related to the cancellation of a planned three-row electric SUV.
Philadelphia Judge Orders Elon Musk To Attend Court Over $1 Million Giveaway
Philadelphia District Attorney's Office filed a lawsuit against Musk's America PAC calling the giveaway an "illegal lottery" that encouraged residents to share their personal information, without explaining how their privacy will be protected.
Charles Schwab To Expand 24-Hour Trading Platform
The decision follows growing requests from retail investors seeking more flexible trading hours. The rollout will start the week after the U.S. presidential election.
JPMorgan Sues Customers For Stealing Money By Exploiting ATM Glitch
Chase has initiated four lawsuits, on Monday, in three federal courts in Houston, Los Angeles and Miami, alleging that two individuals and two businesses unlawfully kept over $661,000 after depositing checks that were later identified as counterfeit.
Quarter Pounder To Return To McDonald's Menu After Tests Clear Beef Patties As E.coli Source
McDonald's ruled out beef patties as the source of the E. coli outbreak linked to Quarter Pounder hamburgers, citing tests conducted by the Colorado Agriculture Department.
McDonald's E. coli Outbreak: Fast-Food Chains Pull Onions After Taylor Farms Identified As Supplier
Burger King, KFC, Pizza Hut and Taco Bell have removed fresh onions from their menu due to a deadly E. coli outbreak.
Apple Previews New AI Features In iOS 18.2 Beta
Apple Intelligence has been available to developers and early users, while some features are currently being tested by the public and will be officially released next week with the rollout of iOS 18.1.
McDonald's US Chief Reassures Food Safety After E. coli Outbreak
Director of food safety at the Association of Public Health Laboratories, Shari Shea warned that E. coli O157:H7 strain can cause "very serious disease," particularly affecting the elderly, children, and individuals who are immunocompromised.
New 'Open Banking' Rule Enhances Consumer Choice, Simplify Switching Financial Services
The new rule aims to encourage competition and expand consumer choices, which is expected to lower loan prices and enhance customer service across the payments, credit, and banking sectors.
Meta Resumes Facial Recognition Tech To Combat Celeb-bait Scams
The company will enroll around 50,000 public figures to launch a global trial in December, excluding major jurisdictions where it lacks regulatory clearance, such as Britain, European Union, South Korea, and Texas and Illinois in the United States.
BofA Extends Guaranteed FX Rates Up To One Year, Industry's Longest Tenor
In the 8th year since the bank launched guaranteed FX rates with tenors longer than 24 hours, the solution currently supports more than 200 currency pairings across various tenors, with the 1-year tenor now available for 37 currency pairs.
US Treasury Taps Machine Learning AI To Recover $4 Billion In Fraud
The Treasury Department's recovery this fiscal year, a significant jump from the $652.7 million recovered in FY23, is driven by the Office of Payment Integrity (OPI) within the Bureau of the Fiscal Service strengthening its fraud prevention efforts.
Meta Lays Off Employees At WhatsApp, Instagram And Reality Labs
Meta spokesperson Dave Arnold said some teams were making changes to align with the company's long-term strategic goals and location strategy.
Google Backs Bill Demanding Disclosure Of Funders, Third-Party Beneficiaries In Lawsuits
Corporate America, pushing for greater transparency in the rapidly growing $15.2 billion litigation financing industry, will be bolstered by Google's support
US Labor Secretary Intervenes In Boeing Strike
Boeing announced it will reduce 17,000 jobs and to issue 60-day layoff notices next month to thousands of employees in its commercial aviation division. The company plans to implement the layoffs in mid-January.
Trump Woos Auto Industry With Proposed Car Loan Tax Breaks
His latest proposal adds to a series of tax incentives Trump has offered to appeal to key voter groups.
OpenAI Report Reveals Over 20 AI-Driven Election Disruption Attempts This Year
The increase in AI-generated content has raised significant concerns about election misinformation. According to data from Clarity, a machine learning firm, the number of deepfakes has skyrocketed by 900% year over year.
DOJ Mulls Google Breakup; Google Calls Proposed Android/Chrome Spinoff 'Radical'
DOJ said the proposals also aims to prevent Google's past dominance from extending into the rapidly growing AI sector. The Justice Department is also considering seeking a court order requiring Google to share its search indexes, data, and AI models with competitors.
Sam's Club To Launch First Fully Digital Store Without Checkout Lines
Shoppers can use a smartphone app called Scan & Go to scan their items as they shop.
National Debt May Rise Under Harris, But Could Surge Under Trump: Study
Multiple analyses indicate Harris as more fiscally responsible than Trump, though neither candidate has spoken about budget deficit reduction.
Texas Sues TikTok Over Illegal Sharing Of Minors' Personal Data
The lawsuit, filed in Galveston County, is seeking civil penalties of up to $10,000 for each violation and injunction against further breach
Mark Zuckerberg Becomes World's Second Richest Person, Closing In On Elon Musk
As Meta's shares closed at a record $582.77 on Thursday, which is a 68% rise from early January when its shares were trading at $346.29, Zuckerberg topped Bezos' $205.1 billion net worth.
Samsung To Axe Thousands Of Jobs Amid AI Struggles: Report
Samsung is reportedly implementing workforce reductions in Southeast Asia, Australia and New Zealand as part of a broader strategy to cut thousands of jobs globally.
Verizon Restores Services After Major Outage
Users in Chicago and Seattle were among the worst hit, with some iPhone users reporting that their devices displayed "SOS" mode.
California Governor Vetoes Controversial AI Safety Bill, Calls For Science-Based Solutions
The bill's author, Democratic State Senator Scott Wiener, criticized the veto, saying that it could make California vulnerable as the companies involved in creating "extremely powerful technology face no binding restrictions."
