U.S. stock index futures rose on Wednesday, as heavyweight Tesla gained, while hopes that the Omicron coronavirus variant is less deadly than the previous strain calmed investors amid daily cases in the country hitting a record high. The electric-car maker added 2.0 percent in premarket trading as CEO Elon Musk exercised all of his options…
Judge Dismisses Claims That LinkedIn Overcharged Advertisers
December 28, 2021
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A U.S. judge dismissed a lawsuit accusing Microsoft Corp.’s LinkedIn of inflating the number of people who watched video ads so the networking platform could overcharge hundreds of thousands of advertisers. In a decision on Monday, U.S. Magistrate Judge Susan van Keulen said that while some LinkedIn statements may have been misleading, the plaintiffs failed…
S&P 500 Set to Open at Record High as Rally Sustains
The S&P 500 was on track to open at all-time highs on Tuesday, building on a record-setting rally amid thin trading volumes, with investors unshaken by Omicron-driven travel disruptions and store closures. The S&P 500 and Nasdaq on Monday posted their best four-day rally since November 2020, with the S&P 500 scaling a peak as…
Australian Prime Minister Joins TikTok Despite Warnings Around App’s Beijing Ties
December 27, 2021
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Australian Prime Minister Scott Morrison has uploaded two Christmas videos on hugely popular, yet controversial, music app TikTok despite warnings about its connections to Beijing. “G’day, TikTok. Merry Christmas from me and Bud and all of our family here to you and all of yours,” Morrison said in his first video on the Chinese owned…
S&P 500 Set to End at Record High on Retail Sales Cheer
The S&P 500 was on track for a record closing high on Monday, as a strong retail sales report underscored the strength of the U.S. economy and overshadowed worries from Omicron-driven flight cancellations that hit stocks in the travel sector. Retail sales in the country rose 8.5 percent during this year’s holiday shopping season from…
Poland’s President Vetoes Media Bill That Threatened US-Owned Broadcaster
WARSAW—Poland’s President Andrzej Duda said on Monday he vetoed a controversial media bill that would have forced U.S. company Discovery to give up its controlling stake in Polish television network TVN, with the president acknowledging free speech concerns of the bill’s opponents and suggesting it would have strained relations with the United States, a key…
Megacap Tech Stocks Lift Futures; Omicron Risks Linger
U.S. stock index futures inched higher on Monday, boosted by megacap companies, while hundreds of Omicron-driven flight cancelations kept investors on edge at the start of this year’s final trading week. Travel-related stocks, typically sensitive to news around the coronavirus, slid after U.S. airlines called off many flights for a third day on Sunday as…
Apple’s App Store Broke Competition Laws, Dutch Watchdog Says
December 25, 2021
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The Netherlands’ top competition regulator on Friday said Apple Inc. broke the country’s competition laws and ordered changes to the iPhone maker’s App Store payment policies. Apple’s practice of requiring app developers to use its in-app payment system and pay commissions of 15 percent to 30 percent on digital goods purchases has come under scrutiny…
Judge Orders New York Times to Return Legal Memos to Project Veritas
A New York judge has ordered The New York Times to return confidential legal memos it obtained between Project Veritas, an investigative journalism organization, and the group’s lawyer. The New York Times had obtained the memos that were prepared by Project Veritas attorney Benjamin Barr—it remains unclear how the memos were obtained. The outlet then published the…
Judge Orders The New York Times to Return Legal Memos to Project Veritas
A New York judge has ordered The New York Times to return confidential legal memos that it obtained between investigative journalism organization Project Veritas and the group’s attorney. The New York Times had obtained the memos that were prepared by Project Veritas attorney Benjamin Barr—it remains unclear how they were obtained. The media outlet then published the documents…
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