(Reuters) – U.S. Senate Judiciary Committee Chairman Dick Durbin and ranking Republican member Lindsey Graham said on Friday they wrote to Meta CEO Mark Zuckerberg regarding reports that Instagram’s algorithm facilitates child sexual abuse material. Earlier this month, CNBC reported that Instagram’s recommendation algorithms have been connecting and promoting accounts that facilitate and sell such…
(This June 29 story has been refiled to fix the typo in sub-head to Wagner, not Wager) LONDON (Reuters) – Markets are on the alert to which sectors will buckle under the sharpest jump in interest rates in decades, with big rate moves this month in Britain and Norway a reminder that the tightening is…
WASHINGTON (Reuters) – The U.S. Federal Trade Commission has filed an amended complaint alleging that Walmart Inc allowed scam artists to use the company’s money transfer services to defraud consumers, the commission said on Friday. The FTC filed the amended complaint in the U.S. District Court for the Northern District of Illinois, which in March…
By Gabriel Araujo SAO PAULO (Reuters) – Power grids around the world are not yet ready for the so-called flying car, an executive with Brazilian start-up Eve Air Mobility told Reuters, adding that the electric aircraft maker is in talks with power providers to bridge the gap. Eve’s Services & Operations Solutions Vice President, Luiz…
By Michael S. Derby and Dan Burns (Reuters) -The U.S. Supreme Court’s striking down of President Joe Biden’s student loan forgiveness plan puts nearly half a trillion dollars of debt back on household balance sheets, a burden that combined with the end of a pandemic-era pause in payments on education loans may hasten an anticipated…
By Jonathan Stempel and Jack Queen NEW YORK (Reuters) -The U.S. government has urged an appeals court to uphold Ghislaine Maxwell’s conviction and 20-year prison sentence for helping the disgraced late financier Jeffrey Epstein sexually abuse teenage girls. In a Thursday night filing with the 2nd U.S. Circuit Court of Appeals in Manhattan, federal prosecutors…
By Leah Douglas WASHINGTON (Reuters) – The U.S. Office of Special Counsel (OSC) has ordered the Department of Agriculture to investigate worker complaints about poor management and safety hazards at its flagship Maryland research facility, according to a letter seen by Reuters. Reuters exclusively reported in May that workers at the Beltsville Agricultural Research Center…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending stagnated in May as households cut back on purchases of motor vehicles and other long-lasting goods amid higher borrowing costs, suggesting a considerable loss of momentum in economic growth in the second quarter. While the Commerce Department’s report on Friday showed annual inflation rising last month at…
By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) -Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market’s recovery will gradually restore chief executives’ dealmaking confidence. The total value of M&A fell to $732.82 billion in the second quarter of…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the first quarter of the year, in the midst of a still aggressive rate-hike cycle from the Federal Reserve aimed at curbing uncomfortably high inflation. The greenback’s share of reserves rose to 59%…
