Meta looks to target Twitter with rival app called Threads
Threads could be the latest headache for Elon Musk, who acquired Twitter last year for $44 billion and has been making changes that have unnerved advertisers and turned off users.
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Judge limits Biden administration in working with social media companies
U.S. District Judge Terry Doughty of Louisiana cited “substantial evidence” of a far-reaching censorship campaign and wrote that the “evidence produced thus far depicts an almost dystopian scenario.”
Air travel congestion eases as United gets handle on canceled flights
Besides better weather, airlines also are running lighter schedules a day ahead of the July 4 holiday. Wednesday figures to be the next big test for the system.
With new limits on tweets, users and advertisers could go elsewhere
Twitter owner Elon Musk has put new curfews on his digital town square, the latest drastic change to the social media platform that could further drive away advertisers and undermine its cultural influence as a trend-setter.
Tesla shares accelerate on new CEO, deliveries and charging deals
Shares jumped 7% Monday morning to a new high for 2023 after the electric car maker said its deliveries in the most recent quarter rose 83% compared with the same period last year.
Activists spurred by affirmative action ruling sue over legacy admissions
A civil rights group is challenging legacy admissions at Harvard University, saying the practice discriminates against students of color by giving an unfair boost to the mostly white children of alumni.
What’s Bidenomics? President now embracing term that foes use as slur
Only 34% of U.S. adults approve of President Joe Biden’s leadership on the economy, according to a new poll from The Associated Press-NORC Center for Public Affairs.
Musk imposes daily limits on reading posts on Twitter
Twitter owner Elon Musk has limited the number of tweets that users can view each day—restrictions he described as an attempt to prevent unauthorized scraping of potentially valuable data from the social media platform.
Bogus online reviews targeted by regulators with new, proposed bans
The Federal Trade Commission proposed a new rule Friday that would ban paying for reviews, suppressing honest reviews, selling fake social media engagement and more.
IRS throws chill into collectives paying college athletes while claiming not-for-profit status
The rapidly expanding landscape of not-for-profit, donor-backed collectives paying college athletes to promote charities has been hit with a potentially seismic disruption.
Inflation gauge tracked by the Federal Reserve falls to lowest point in 2 years
Last month’s progress in easing overall inflation was tempered by an elevated reading of “core” prices, a category that excludes volatile food and energy costs.
UPDATE: Indiana Supreme Court upholds state’s abortion ban
The state’s high court nixed a preliminary injunction that has kept the ban on hold since September.
Supreme Court rejects Biden’s plan to cancel $400 billion in student loans
The court held that the administration needs Congress’ endorsement before undertaking so costly a program.
U.S. Supreme Court sides with web designer who won’t do gay wedding websites
In a defeat for gay rights, the Supreme Court’s conservative majority ruled Friday that a Christian graphic artist who wants to design wedding websites can refuse to work with same-sex couples.
Air travelers endure another day of airport agony as United struggles
Airports in Chicago, Denver and Newark, New Jersey—all hubs for United Airlines—were seeing the most delays on Thursday, according to FlightAware.
Saying strike is ‘imminent,’ UPS gets Friday deadline from union for new contract
The Teamsters represent more than half of the company’s workforce in the largest private-sector contract in North America. If a strike occurs, it would be the first since a 15-day walkout by 185,000 workers crippled the company a quarter-century ago.
UPDATE: Colts’ Rodgers, Berry suspended indefinitely for violating NFL gambling policy
Isaiah Rodgers and Rashod Berry won’t be able to seek reinstatement until the 2023 season ends.
Central U.S. getting worst of drought, stressing corn crops, lowering rivers
Experts say the drought in the central U.S. is the worst since at least 2012, and in some areas, is drawing comparisons to the 1988 drought that devastated corn, wheat and soybean crops.
Applications for jobless benefits in the U.S. retreat after three weeks of elevated claims
U.S. employers added a surprising 339,000 jobs last month, well above expectations, painting a mostly encouraging picture of the job market.
Federal Reserve might tighten financial rules due to bank failures, Powell says
Such proposals are likely to face resistance from the banking industry and some congressional Republicans, who argue that the Fed had the necessary tools to prevent the bank collapses but failed to use them.