ThemusicalG

Meta has agreed to pay as much as $17.1 billion and implement restrictions on teen accounts to settle claims that the tech giant designed Facebook and Instagram to addict children and misled the public about the platforms’ safety.The deal, disclosed in court papers on Wednesday, resolves claims brought by 29 states and averts one of the highest-profile tests yet of allegations that social media companies have harmed young users. Meta […]

The Federal Reserve's preferred inflation gauge rose slightly in July as the pace of price growth remained well above the central bank's target ahead.The Commerce Department on Wednesday reported that the personal consumption expenditures (PCE) index rose 0.2% from a month ago and was up 3.7% on an annual basis in July. Both figures were hotter than the expectations of economists polled by LSEG, who projected readings of 0.1% and 3.6%, respectively.Core […]