Author: i2wtc
Facebook CEO Mark Zuckerberg departs E. Barrett Prettyman United States Court House on April 14, 2025 in Washington, DC. Andrew Harnik | Getty ImagesA California jury ruled against Meta in a privacy-related lawsuit involving the alleged collection of sensitive data from Flo, a period-tracking app.The jury ruled that the plaintiffs proved that Meta violated the California Invasion of Privacy Act, according to a verdict form filed Friday in the U.S. District Court for Northern District of California.The ruling stems from a class-action lawsuit dating back to 2021 against the health-tech company Flo Health and other businesses like Meta, Google-parent Alphabet and…
Listen to article Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country’s farmers even if he has to pay a heavy price for it, in his first comments after US President Donald Trump’s salvo of a 50% tariff on Indian goods. Trump announced an additional 25% tariff on South Asian nation on Thursday, taking the total levy on Indian goods being exported to the US to 50% among the highest levied on any US trading partner. “For us, our farmers’ welfare is supreme,” Modi said in a function in New Delhi. “India will never…
Eli Lilly on Thursday hiked its 2025 guidance and posted second-quarter earnings that topped estimates on strong demand for its blockbuster weight loss and diabetes drugs.The company raised its fiscal 2025 sales guidance to $60 billion to $62 billion, from a previous outlook of $58 billion to $61 billion on underlying strength across its business. The pharmaceutical giant also expects its adjusted fiscal 2025 earnings to come in between $21.75 and $23, up from previous guidance of $20.78 to $22.28 per share. Eli Lilly said the guidance reflects President Donald Trump’s existing tariffs as of Aug. 7, but does not include his planned…
Listen to article BEIJEING: Five people were killed after a cable on a suspension bridge snapped in northwestern China’s Xinjiang region, causing them to fall off the bridge, state-run news agency Xinhua reported on Thursday. The incident, which took place at 6:18 p.m. on Wednesday in a sightseeing area in the Ili Kazakh Autonomous Prefecture, injured a further 24 people, Xinhua said. The scenic area has been closed while the incident is being investigated, Xinhua said. Videos circulating on social media, verified by Reuters, show a low-hanging suspension bridge tilted to one side with handrails made from cables dangling between the walkway…
Jakub Porzycki | Nurphoto | Getty ImagesThe crypto market jumped Thursday on excitement that bitcoin and other digital assets could soon be coming to 401(k) retirement plans.President Donald Trump is set to sign an executive order that would allow 401(k) accounts to invest in alternative assets, including private equity, real estate and digital assets, CNBC has confirmed.The price of bitcoin climbed around 1% to reclaim the $116,000 level for the first time since July 31. Ether rose almost 5%, also retaking a one-week high.Crypto-linked stocks got a boost of energy as well. Coinbase gained 3%, Galaxy Digital advanced 6% and…
Cricketer Haider Ali was provisionally suspended by the Pakistan Cricket Board (PCB) on Thursday due to his involvement in an investigation being carried out by police in the UK, according to a statement. The PCB announced last month that Saud Shakeel would lead an 18-member Pakistan Shaheens squad to tour England from July 17 to August 6 for two three-day and three 50-over matches. Ali was a part of the squad. According to the statement, the PCB was informed about the investigation by the Greater Manchester Police regarding an incident that reportedly took place during the tour. The nature of…
President Donald Trump in the Oval Office of the White House in Washington, Aug. 6, 2025.Bonnie Cash/UPI/Bloomberg via Getty ImagesAfter months of policy pivots, delays and negotiations from President Donald Trump, dozens of key U.S. trading partners were hit Thursday with “reciprocal” tariffs on their exports to the country.”IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!” Trump wrote on social media platform Truth Social.But even as the duties, which were updated just last week, kick in, much uncertainty remains.Below is a list of the latest tariffs, with the U.S administration stating that all other…
Warren Buffett, Bill and Melinda Gates, in an interview on May 5, 2015CNBCA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.In June 2010, Bill Gates, Melinda French Gates and Warren Buffett started what could be described as the world’s most ambitious fundraising drive. After promising to give away the vast majority of their wealth, the trio asked their ultra-wealthy peers to pledge at least half of their assets to charity during their lifetimes or in their estates.In…
Listen to article President Donald Trump’s higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Thursday, testing his strategy for shrinking US trade deficits without massive disruptions to global supply chains, higher inflation and stiff retaliation from trading partners. US Customs and Border Protection agency began collecting the higher tariffs at 12:01 a.m. EDT after weeks of suspense over Trump’s final tariff rates and frantic negotiations with major trading partners that sought to lower them. Goods loaded onto US-bound vessels and in transit before the midnight deadline can enter at lower prior tariff rates before October 5, according…
Sen. Elizabeth Warren, D-Mass., speaks during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on President Donald Trump’s nominees to lead the National Economic Council, Consumer Financial Protection Bureau and Federal Housing Finance Agency, on Capitol Hill in Washington, Feb. 27, 2025.Annabelle Gordon | ReutersSenate Democrats, including Elizabeth Warren of Massachusetts, are asking Google and its YouTube unit whether discussions with lawyers for President Donald Trump have included the possibility of settling a censorship suit in exchange for potentially favorable treatment from the administration.In a letter sent Thursday to Google CEO Sundar Pichai and YouTube CEO Neal Mohan,…