Meta says teenagers on Instagram will be restricted to seeing PG-13 content by default and won’t be able to change their settings without a parent’s permission. This means that teens will see photos and videos on Instagram that is similar to what they would see in a PG-13 movie. The company is also adding an…… MORE
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy. Powell’s comments Tuesday suggest that the Fed will likely cut its key interest rate twice more this year. Powell said in written remarks that despite the federal government shutdown cutting off official…… MORE
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging. While the U.S. and world economies have fared…… MORE
General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares dipped 3% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for…… MORE
Stellantis plans to invest $13 billion over the next four years to expand its manufacturing capacity in the United States. The automaker says this move will increase domestic vehicle production by 50% and add over 5,000 jobs. On Tuesday, Stellantis announced the investment will support the introduction of five new vehicles, including a Dodge Durango…… MORE
Meta has removed a Facebook page used to track the presence of immigration agents at the request of the Department of Justice, the company confirmed on Tuesday. Attorney General Pam Bondi said in a post on X that “following outreach” from the DOJ, Facebook removed a “large group page” that was being used to target…… MORE
SAN FRANCISCO (AP) — An estimated 31,000 Kaiser Permanente health care workers have gone on strike to demand better wages and staffing. The five-day strike began Tuesday and spans 500 medical centers in California, Hawaii, and Oregon. It is the largest in the history of the United Nurses Associations of California/Union of Health Care Professionals.…… MORE
NEW YORK (AP) — New tariffs on imported kitchen cabinets, bathroom vanities, and upholstered furniture in the U.S. are expected to impact the home improvement industry. The tariffs took effect early Tuesday. The White House says the aim is to boost domestic production and to protect American companies. However, some small business owners worry about…… MORE
Beyond Meat’s shares were trading below $1 Tuesday as investors fretted over the company’s plans to cut its debt by issuing more shares. It was further bad news for the plant-based meat maker, which has been struggling with weak demand for its burgers, sausages, tenders and other products. Beyond Meat’s net revenue was down 15%…… MORE
HONG KONG (AP) — China has banned dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean. The Commerce Ministry announced Tuesday that Beijing also was investigating a probe by Washington into China’s growing dominance in world shipbuilding. The U.S. Trade Representative launched the Section 301 trade investigation in April 2024. It…… MORE
