Meta stock climbs after report of major metaverse budget cuts

“Office building with digital stock chart rising sharply as Meta stock climbs

Meta stock climbed about four percent Thursday after a Bloomberg report said Chief Executive Mark Zuckerberg was preparing to make major cuts to the company’s metaverse operations.  The potential reductions, which sources told Bloomberg could reach as high as 30 percent, would mark the most significant pullback since Meta rebranded from Facebook in 2021 to … Read more

South Korea Developing App That Shows Real Time Location of Stalkers as Cases Surge Nationwide

A silhouetted woman walks alone at night while a distant figure appears to watch her, illustrating concerns addressed by South Korea developing app that shows real time location of stalkers.

SEOUL, South Korea — South Korea is developing a new mobile app that will allow stalking victims to see the real time location of their perpetrators, a move authorities said is intended to strengthen protections as reported stalking cases continue to rise.  The justice ministry announced Wednesday that the app is part of a wider … Read more

Microsoft AI sales lag behind targets, stock drops after report

Microsoft AI Sales Lag Behind Targets: Stock Dips

Microsoft Corp.’s stock fell more than two percent Wednesday after a report suggested that the company’s artificial intelligence software sales fell short of growth expectations, raising questions about the adoption of AI tools in traditional business settings.  The Information reported that many of Microsoft’s sales staff did not meet targets for the company’s Foundry product, … Read more

Trump grants Henry Cuellar pardon amid 2024 bribery case controversy

President Trump announces Henry Cuellar pardon clearing Texas Democrat of bribery charges

Washington, DC — President Donald Trump on Wednesday granted a full pardon to Rep. Henry Cuellar, D-Texas, who, along with his wife, was charged last year with accepting $600,000 in bribes from foreign entities. Trump framed the move as a response to what he called political targeting by the Biden administration. “Sleepy Joe went after … Read more

Michael and Susan Dell pledge $6.25 billion to fund ‘Trump Accounts’ for millions of American children

Michael and Susan Dell at a press event announcing $6.25 billion donation to fund Trump Accounts for millions of American children

Michael and Susan Dell have pledged $6.25 billion to fund investment accounts for at least 25 million American children, marking one of the largest charitable donations in the nation’s recent history.  The funds will support so called “Trump Accounts,” a program set to launch in 2026, which allows parents to manage investment accounts on behalf … Read more

US stocks sank on Monday as tech losses and bitcoin slump weigh on Wall Street

“Digital trading floor with red market charts showing declines as US stocks sank on Monday

US stocks sank on Monday as investors pulled back from risk assets and the late November rebound hit resistance on the first trading day of December.  Major indexes slid in early trading, led by declines in technology shares and a deepening bitcoin slump, widening concerns that a typically strong month for equities may not follow … Read more

Appeals court upholds Alina Habba disqualification from top N.J. prosecutor role

Alina Habba standing at a podium in a federal building after announcing her resignation as US attorney in New Jersey.

A federal appeals court on Monday upheld the Alina Habba disqualification, ruling that former President Donald Trump’s nominee cannot serve as New Jersey’s top federal prosecutor in either an acting or permanent capacity.  The decision by the US Court of Appeals for the Third Circuit affirmed a lower court’s finding that the administration improperly attempted … Read more

Zelensky sends fresh message to Trump after Florida peace talks

KYIV — Ukrainian President Volodymyr Zelensky on Monday issued a renewed message of gratitude to former US President Donald Trump following what Ukrainian officials described as constructive peace negotiations in Florida this past weekend.  Zelensky said the talks between US and Ukrainian envoys offered a “path toward dialogue with a clear focus on Ukraine’s sovereignty … Read more

European markets start December in negative territory as defense stocks slide

European markets open December in negative territory as defense stocks fall amid Ukraine peace talks and shifting investor sentiment

LONDON — European markets opened the final month of the year in negative territory Monday, with defense stocks leading declines as investors assessed renewed momentum in peace negotiations over Ukraine and awaited signals from the US Federal Reserve.  The Stoxx 600 slipped about 0.3 percent shortly after markets opened in London, extending pressure that had … Read more