Facebook bans ads from pro-Trump PAC
Facebook announced Thursday it was banning ads from The Committee to Defend the President, a pro-Trump super PAC. Facebook did not say how long the…
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Fastly’s stock plummets because its largest customer is TikTok
One of the pandemic’s best-performing new companies took a hit Thursday because of — you guessed it — TikTok. Fastly, a cloud computing…
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Big tech stocks could fall sharply if there’s a vaccine
Hopes are growing that a Covid-19 vaccine is coming. But Goldman Sachs thinks a vaccine might actually upend the stock market, which has continued to…
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Bank regulators crack down on Capital One after its massive data breach
The US government and Federal Reserve on Thursday took action against Capital One in response to the bank’s massive 2019 data breach. The Fed…
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LEGO is launching braille bricks for students across the US
LEGO is launching a line of braille bricks. The LEGO Foundation designed and created a line of bricks molded with studs that correspond to numbers…
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Lebanon’s economy was already in crisis. Then the blast hit Beirut
A cataclysmic blast in Beirut, Lebanon’s capital, is poised to send an economy already deep in crisis hurtling toward a dangerous unknown. On…
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Instagram’s algorithm blocked negative coverage of Trump, but not Biden
A bug in Instagram’s algorithm systemically shielded Donald Trump from negative hashtags without doing the same for rival Joe Biden, the…
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Why 2020 is the year of the SPACs (And what the heck is a SPAC?)
Lordstown Motors is the latest high-profile company that plans to go public by merging with a special purpose acquisition company or SPAC. These…
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Twitter to label government and state media officials
Twitter is introducing new labels to better identify accounts belonging to government officials and senior staff of state-backed media, the social…
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A propaganda battle is playing out in the replies to Trump’s tweets
Every time President Donald Trump tweets, thousands of Twitter users reply. There are all shades of comments, from effusive praise to disdain and, of…
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Americans have less debt for the first time in six years
Americans have less debt for the first time in six years, as they spent less money during the pandemic lockdown, new data from the Federal Reserve…
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Another 1.2 million Americans filed for first-time unemployment benefits last week
In recent weeks the recovery from America’s jobs crisis seemed to have hit a roadblock, but last week’s claims for first-time…
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The world could look very different to investors in three months
As investors carefully scan an uncertain horizon, one thing is clear: The backdrop for markets will look very different in three months’ time.…
Continue ReadingNintendo profit jumps more than 400% thanks to the Switch and ‘Animal Crossing’
Nintendo sales are still soaring. The Japanese company posted another round of blockbuster earnings Thursday, proving that its hot streak from the…
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Lufthansa is looking beyond 2024 for the recovery in air travel
Demand for air travel will not fully recover until 2024 “at the earliest,” Lufthansa said on Thursday as it unveiled a record quarterly…
Continue ReadingBank of England sees smaller hit to UK economy but slower recovery
The UK economy will take longer than expected to recover from the coronavirus pandemic, the Bank of England said Thursday, as it warned of rising…
Continue ReadingTrump administration wants to purge Chinese tech from US networks
US Secretary of State Mike Pompeo is urging American companies to remove “untrusted” Chinese-owned technology from their digital…
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Twitter temporarily restricted Trump campaign’s ability to tweet over false Covid-19 claims
Twitter said on Wednesday it had restricted President Donald Trump’s campaign from tweeting after its account shared a video containing false…
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Journalists have died for their reporting in Indian-administered Kashmir. But since last year, few dare to print the truth
In the basement of a Srinagar hotel last summer, hundreds of journalists in Indian-controlled Jammu and Kashmir jostled to report the most important…
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Facebook removes Trump post falsely claiming children are ‘almost immune’ to Covid-19
Facebook on Wednesday said it had removed a post from President Donald Trump’s page for containing false claims about Covid-19. The post was a…
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