Calls to boycott Target have spread on social media after the retailer released another line of LGBT clothing for kids, including for newborn children. According to Target’s website, it recently released its so-called “Pride Collection” for 2023, including onesies for infants that feature pro-LGBT content coming in sizes of zero to three months. One onesie…
Corporate Bankruptcies Are Soaring; 2023 Filings Highest Since 2010
The most recent data from S&P Global show that corporate bankruptcies are picking up again. More than 230 companies have filed for bankruptcy through the end of April, more than double the comparable figure a year ago. UBS also found in a recent study that bankruptcies worth $10 million or more had jumped to an…
Trump Targets Fox’s Laura Ingraham Over ‘Hit Piece’ on His Poll Numbers
May 23, 2023
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2024 electionBusiness & MarketsCompaniesDonald TrumpFox NewsLaura IngrahamMedia & Big TechPoliticsRepublican CandidatesUSUS News
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Former President Donald Trump accused Fox News host Laura Ingraham of running a “hit piece” on him by focusing on his poll numbers compared with prospective 2024 presidential candidate Florida Gov. Ron DeSantis. Trump was critical of Ingraham, who has been mostly supportive of him, after her 10 p.m. Monday show. The criticism is part…
Wall Street Opens Lower as Debt Ceiling Talks Remain Deadlocked
Wall Street’s main indexes opened lower on Tuesday as another round of inconclusive talks over increasing the U.S. debt limit raised the spectre of an unprecedented government default. The Dow Jones Industrial Average (.DJI) fell 95.98 points, or 0.29 percent, at the open to 33,190.60. The S&P 500 (.SPX) opened lower by 15.83 points, or…
WhatsApp Allows Users to Edit Messages
May 23, 2023
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Business & MarketsCompaniesEditMedia & Big TechmessagesmetaSocial MediaTechTech NewsUSUS NewsWhatsapp
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WhatsApp has granted users one of its most awaited features—the ability to edit messages. “For the moments when you make a mistake or simply change your mind, you can now edit your sent messages on WhatsApp,” the Meta Platforms Inc-owned messaging app said in a blog post on Monday. With the feature rolling out globally…
Judge Throws out Shareholder Lawsuit Against Elon Musk Over Twitter Buyout
May 23, 2023
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Business & MarketsCompaniesElon MusklawsuitMedia & Big TechshareholdersSocial MediaTechTwitterUSUS News
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A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, U.S. District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he…
Markets Nervous on Fed Ceiling Uncertainty, US Yields Rise
LONDON/HONG KONG–Markets were cautious on Tuesday, as the latest talks over the U.S. debt ceiling offered something for optimists and pessimists, leaving European shares just shy of last week’s 15-month top, and U.S. benchmark yields at their highest in two months. President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement on…
Stan Grant Delivers Final Message Before ABC Hiatus
May 22, 2023
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AustraliaAustralian Broadcasting CorporationBusiness & MarketsCompaniesInternationalMedia & Big TechracismStan GrantWorld
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Indigenous Australian journalist Stan Grant says he will meet hatred with love in his final appearance on the Australian Broadcasting Corporation (ABC) before a self-imposed hiatus. Appearing on the Q+A program which aired May 22, Grant told audiences that his critics were successful at hurting him. “I’m sorry that I must have given us so…
Newly Appointed Twitter CEO Responds to Meta’s Plan to Launch Clone Rival
Newly appointed Twitter CEO Linda Yaccarino shared her first response to the planned Twitter clone app reportedly in development at Meta that will be integrated with Instagram. “Game on!” Yaccarino said in a May 22 tweet while responding to an article about Instagram developing a Twitter clone. The news was first reported by Moneycontrol. “We’re…
Data Violations: Irish Regulator Slaps Meta With $1.3 Billion Fine
May 22, 2023
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Business & MarketsCompaniesdata transfer lawsEuropeGDPR data protection lawsmeta finesUSUS NewsWorld
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Meta has been fined 1.2 billion euros ($1.3 billion) by an Irish regulator for violating data transfer rules—the largest fine imposed under European Union’s privacy laws. The fine was imposed by Ireland’s Data Protection Commission (DPC) after Meta was found to have violated the EU’s GDPR data protection laws by continuing to transfer personal data…
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