SAN FRANCISCO (AP) — Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking. U.S. District Judge James Boasberg issued his ruling Tuesday after the historic antitrust…… MORE
WASHINGTON (AP) — The Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor. In a set of sweeping changes, the principles call for bank examiners to focus on material financial risks and to “not become…… MORE
WASHINGTON (AP) — A new report says China funneled billions in hidden loans to U.S. companies over the past quarter century, some targeting industries key to national security. The study by research lab AidData in Virginia said Chinese policy banks and state financiers channeled much of the $200 billion through offshore shell companies in the…… MORE
NEW YORK (AP) — U.S. stocks fell again following a sell-off that swept Europe and Asia. The S&P 500 sank 0.8% Tuesday after earlier dropping as much as 1.5%. The Dow Jones Industrial Average fell 1.1%, and the Nasdaq composite sank 1.2%. Nvidia was again the heaviest weight on the market as worries continue that…… MORE
Kroger said Tuesday it’s closing three automated fulfillment centers as part of an effort to make its delivery operations faster and more profitable. The nation’s largest grocer will close facilities in Pleasant Prairie, Wisconsin; Frederick, Maryland; and Groveland, Florida, in January. Kroger partnered with British online grocer Ocado in 2018 to build warehouses where robots…… MORE
DEARBORN, Mich. (AP) — Ford Motor Company is showing off its new world headquarters building in Dearborn, Michigan. The new HQ is double the size of its old one with room for twice as many employees. It has seven restaurants, design studios and fabrication shops. And, of course, cars. According to Ford Land’s brand manager,…… MORE
Microsoft has announced a partnership with AI company Anthropic and chipmaker Nvidia. Anthropic, known for its chatbot Claude, plans to buy $30 billion of computing capacity from Microsoft’s Azure cloud platform. Nvidia will invest up to $10 billion in Anthropic, and Microsoft will also invest up to $5 billion in the startup. The announcements were…… MORE
Associated Press Both the House and Senate acted decisively Tuesday to pass a bill to force the Justice Department to publicly release its files on the convicted sex offender Jeffrey Epstein. It’s a remarkable display of approval for an effort that had struggled for months to overcome opposition from President Donald Trump and Republican leadership.…… MORE
The Federal Aviation Administration says it is lifting all restrictions on commercial flights that were imposed during the government shutdown at 40 major U.S. airports. The agency said Sunday airlines can resume normal flight schedules beginning Monday at 6 a.m. EST. The unprecedented order had been in place since Nov. 7 and affected thousands of flights. The FAA…… MORE
NEW YORK (AP) — Acceding to President Donald Trump’s demands, U.S. Attorney General Pam Bondi says she has ordered a top federal prosecutor to investigate sex offender Jeffrey Epstein’s ties to Trump political foes, including former President Bill Clinton. Bondi said Friday that she was assigning Manhattan U.S. Attorney Jay Clayton to lead the probe.…… MORE
