The headquarters of the US Federal Trade Commission (FTC) in Washington, DC, November 18, 2024. Roberto Schmidt | AFP | Getty ImagesThe U.S. Federal Trade Commission has demanded documents from Media Matters about possible coordination with other media watchdogs accused by Elon Musk of helping orchestrate advertiser boycotts of X, according to a document seen by Reuters on Thursday.The civil investigative demand seen by Reuters seeks information about Media Matters’ communications with other groups that evaluate misinformation and hate speech in news and social media, including a World Federation of Advertisers initiative called Global Alliance for Responsible Media. X has ongoing…
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Disney logo is seen on the store in Rome, Italy on May 10, 2025.Nurphoto | Nurphoto | Getty ImagesWalt Disney seeks to stop Alphabet’s YouTube, which announced Thursday that it has appointed long-time executive Justin Connolly as its global head of media and sports.Disney filed a lawsuit against YouTube in a state court in Los Angeles late Wednesday to stop the appointment, alleging breach of contract, unfair competition and interference with a contractual relationship.Disney claimed that YouTube is and has been aware of Connolly’s employment agreement, which required him to work for Disney through at least March 1, 2027. He signed a new three-year contract in November 2024 that gave him a one-time right to terminate it until March 2027.It seeks a preliminary and permanent injunction to…
Double Black Diamond Solar near Waverly, south of Springfield, Illinois, is set to be the largest solar farm east of the Mississippi River on July 31, 2024. E. Jason Wambsgans | Tribune News Service | Getty ImagesSolar stocks plunged Thursday after House Republicans passed a tax bill that terminates key clean energy credits.Residential solar installer Sunrun plummeted 37%. The legislation ends tax credits for installers like Sunrun that lease equipment to customers.The GOP bill is a “worse than feared” scenario for clean energy, as it takes a “sledgehammer” to the Inflation Reduction Act, Jefferies analysts led by Julien Dumoulin-Smith told clients…
Rep. Robert Scott (D-VA) (R) speaks during a mark up meeting with the House Budget Committee on Capitol Hill on May 16, 2025 in Washington, DC, U.S..Anna Moneymaker | Getty Images News | Getty Images U.S President Donald Trump’s “big, beautiful” tax bill was passed by the House of Representatives Thursday and is headed to the Senate for approval.If the bill clears that hurdle and becomes law, it “reduces taxes for lots of people, it increases spending, especially on defense,” said Jed Ellerbroek, portfolio manager at Argent Capital Management, in an interview with CNBC. Simply put, it will boost the economy…
John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesGovernment scientists on Thursday released a forecast for the 2025 hurricane season, predicting a 60% chance it will be an above-average season.The National Oceanic and Atmospheric Administration, or NOAA, predicts this season will bring 13 to 19 named storms with winds 39 miles per hour or higher. It predicts six to 10 of the forecasted storms will…
The ‘Fast Money’ traders talk stocks ending the day flat. Source link
Trade tensions between the world’s two largest economies have escalated in the last two weeks.Dilara Irem Sancar | Anadolu | Getty ImagesThe U.S. and China have agreed to maintain communication following a call between Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary of State Christopher Landau, according to a brief readout released by the Chinese Foreign Ministry on Friday.Both sides exchanged thoughts on crucial issues during the call on Thursday, the statement said, without elaborating.The U.S. Department of State issued a similar statement Thursday, briefly noting the consensus on the importance of the bilateral relationship and an agreement…
Katie Stockton, Fairlead Securities, joins ‘Fast Money’ with the technical read on bitcoin prices. Source link
Pavlo Gonchar | Lightrocket | Getty ImagesThe U.S. Federal Trade Commission dropped a case that sought to block Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard, saying on Thursday that pursuing the case against the long-closed deal was not in the public interest.FTC Chairman Andrew Ferguson is seeking to use the agency’s resources for cases that fit with President Donald Trump’s agenda, such as a probe related to whether advertisers colluded to spend less on X first reported by Reuters on Thursday.Ferguson is beginning to shut down some efforts started by his predecessor Lina Khan, including dropping a case on Thursday that had accused…
Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty ImagesMicrosoft employees are concerned that the company has been blocking Outlook emails containing the words “Palestine,” “Gaza,” “genocide,” “apartheid” and “IOF off Azure,” even if they’re including those terms in an HR complaint, according to screenshots, recordings and documents viewed by CNBC.Employees said they started noticing the change Wednesday just before noon PST, batch-testing emails with the terms in question and emails without them. Only…
