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December 16, 2025
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DC sues Zuckerberg over Cambridge Analytica privacy breach

The Cheap Investor4 years ago4 years ago03 mins

WASHINGTON (AP) — The District of Columbia on Monday sued Meta chief Mark Zuckerberg, seeking to hold him personally liable for the Cambridge Analytica scandal, a privacy breach of millions of Facebook users’ personal data that became a major corporate and political scandal. D.C. Attorney General Karl Racine filed the civil lawsuit against Zuckerberg in…

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Boards for Meta, Twitter face backlash from NY pension fund

The Cheap Investor4 years ago4 years ago03 mins

SAN FRANCISCO (AP) — A major New York pension fund that has invested in both Facebook’s corporate parent and Twitter believes it’s time to shake up the companies’ boards of directors because of their inability to keep violent content off their influential social media services. The New York State Common Retirement Fund outlined its grievances…

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Brazil president announces carbon market, thin on details

The Cheap Investor4 years ago4 years ago04 mins

RIO DE JANEIRO (AP) — Brazil’s far-right President Jair Bolsonaro has signed a decree that he says will create a national carbon market to reduce greenhouse gas emissions. Brazil ranks sixth in the world for climate pollution, according to Climate Watch . “In this still new green economy market, Brazil emerges as a powerhouse,” Bolsonaro…

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European Central Bank chief signals possible July rate hike

The Cheap Investor4 years ago4 years ago03 mins

FRANKFURT, Germany (AP) — The president of the European Central Bank on Monday gave the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation. In a blog post on the Frankfurt, Germany-based bank’s website, President Christine Lagarde said she expects asset purchases that buoy the…

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Lone survivor of 2009 plane crash testifies in Paris court

The Cheap Investor4 years ago4 years ago04 mins

PARIS (AP) — The lone survivor of a 2009 plane crash in the Indian Ocean took the stand Monday in a Paris courtroom, recounting her ordeal as a 12-year-old girl hearing screams, clinging to floating debris and desperately hoping that her mother was still alive. Bahia Bakari’s mother was among 152 people who died on…

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Contractor quitting puts Shell in spotlight over climate

The Cheap Investor4 years ago4 years ago03 mins

BERLIN (AP) — A longtime contractor for Shell has publicly called out the oil and gas company’s climate plans, accusing the company of “double talk” by saying it wants to cut greenhouse gas emissions while working on tapping new sources of fossil fuel. Caroline Dennett, who says she consulted Shell on safety issues for more…

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For Americans, 2021 delivered healthiest finances in 8 years

The Cheap Investor4 years ago4 years ago03 mins

WASHINGTON (AP) — Americans’ financial health reached its highest level in nearly a decade last year, the Federal Reserve said Monday, spurred by a strong job market and government support payments. Almost eight in 10 adults said last fall that they were either “doing okay or living comfortably” when it came to their finances in…

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Starbucks leaving Russian market, shutting 130 stores

The Cheap Investor4 years ago4 years ago02 mins

Starbucks is pulling out of the Russian market. In a memo to employees Monday, the Seattle coffee giant said it decided to close its 130 stores and no longer have a brand presence in Russia. Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help them transition to…

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World Food Program chief presses billionaires ‘to step up’

The Cheap Investor4 years ago4 years ago04 mins

DAVOS, Switzerland (AP) — The head of the U.N.’s World Food Program is telling billionaires it’s “time to step up” as the global threat of food insecurity rises with Russia’s war in Ukraine, saying he’s seen encouraging signs from some of the world’s richest people, like Elon Musk and Jeff Bezos. Agency Executive Director David…

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UK’s Boris Johnson awaits judgment of ‘partygate’ report

The Cheap Investor4 years ago4 years ago04 mins

LONDON (AP) — British Prime Minister Boris Johnson has been shadowed by career-threatening scandal for months — but so far he has escaped unscathed. This week he faces one more threat to his political future: a comprehensive report into lockdown-breaching parties in government offices that is expected to be published within days. Senior civil servant…

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