December brings hopes for a Fed rate cut to spark the traditional Santa Claus rally. But geopolitical tensions and AI volatility could disrupt the seasonal pattern. Investors are buckling up for a potentially bumpy landing to 2025.
Norway’s $2 trillion sovereign wealth fund, Microsoft’s eighth-largest shareholder, is challenging the tech giant’s leadership. The fund plans to vote for a human rights risk report against management recommendations and against CEO Satya Nadella’s dual role and compensation package. This sets up a
Social media platforms now face direct financial liability for scams hosted on their services under new EU rules. The legislation represents a major escalation in the bloc’s tech regulation efforts, creating a compensation framework between platforms and banks.
OpenAI is fighting a lawsuit over a teenager’s suicide, claiming he misused ChatGPT by bypassing safety measures. The company cites Section 230 protection and says its chatbot actually directed the teen to seek help repeatedly. This tragic case raises huge questions about AI responsibility.
The House Energy and Commerce Committee is pushing forward with a comprehensive package of 19 bills aimed at protecting children online. The legislation includes a significantly revised Kids Online Safety Act and potential social media bans for teens under 16. This marks a major shift from last year
RealPage has reached a settlement with the Department of Justice over allegations its software helped landlords collude on rental prices. The company admits no wrongdoing and pays no damages, but faces new restrictions on its data practices. The deal could reshape how pricing algorithms operate in r
Signal has extended its secure backup feature to iOS users after testing it on Android. The end-to-end encrypted system backs up messages daily but charges $2 monthly for media older than 45 days. This marks Signal’s first paid offering as the nonprofit seeks sustainable funding.
Facebook is testing nicknames in Groups, letting users create separate identities with custom names and profile pictures. The feature requires admin approval and comes with some restrictions on certain features. It’s a small step toward making Facebook feel more like traditional online forums.
Several major US banking institutions are scrambling to assess data theft after hackers breached financial technology company SitusAMC. The company processes billions of loan documents annually for over a thousand financial clients.
Italian police have raided two Amazon sites in Italy as part of a smuggling investigation involving Chinese goods. Authorities seized around 5,000 products and identified the manager responsible for goods transportation within Italy.
