By Brian Fung, CNN Epic Games, maker of the hit video game “Fortnite,” has agreed to pay a total of $520 million to settle US government allegations that it misled millions of players, including children and teens, into making unintended purchases and that it violated a landmark federal children’s privacy law. As part of the
Continue Reading By Hanna Ziady, CNN European Union governments have reached a deal on the world’s first major carbon border tax, as part of an overhaul of the bloc’s flagship carbon market that aims to make its economy carbon-neutral by 2050. EU ministers finalized details of the Carbon Border Adjustment Mechanism early Sunday after reaching a provisional
Continue Reading By Brian Fung, CNN A Twitter poll created by Elon Musk asking whether he should “step down as head of Twitter” ended early Monday morning with most respondents voting in the affirmative. Musk had said he would abide by the results of the unscientific poll, which began Sunday evening and concluded with 57.5% voting yes,
Continue Reading By Brian Fung, CNN The European Union is investigating Facebook-parent Meta for possible antitrust violations stemming from the tight link between its core social media service and its online shopping platform, Facebook Marketplace. Because of Meta’s powerful position in social media, competition regulators in Europe worry that the company’s simultaneous offering of both services in
Continue Reading By Jordan Valinsky, CNN Business Fans of Lionel Messi looking to scoop up his official Argentina jersey following the soccer star’s first-ever FIFA World Cup win may be out of luck. Adidas has sold out of Messi and Argentina team kits worldwide, telling CNN in a statement that it’s been “working to meet the extraordinary
Continue Reading By Nicole Goodkind, CNN As the year comes to a close, it seems that the market’s focus on inflation rates are shifting to a new area of concern: Unemployment. While the Federal Reserve has taken steps to fight inflation by curbing economic growth, the full extent of the damage to the employment market is yet
Continue Reading By Laura He, CNN Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. The new pledge marks a big shift from leader Xi Jinping’s years-long effort to rein in private businesses, which were perceived
Continue Reading By Katie Polglase and Gianluca Mezzofiore, CNN In between being blindfolded, locked in solitary confinement, and interrogated in a wheelchair while she was on a hunger strike following her late September arrest, Negin says she had a realization: Iranian officials were using her private Telegram chats, phone logs and text messages to incriminate her. “They
Continue Reading By Katie Polglase and Gianluca Mezzofiore, CNN In between being blindfolded, locked in solitary confinement, and interrogated in a wheelchair while she was on a hunger strike following her late September arrest, Negin says she had a realization: Iranian officials were using her private Telegram chats, phone logs and text messages to incriminate her. “They
Continue Reading By Brian Fung, CNN Twitter deleted its controversial new policy on Sunday evening that had banned links to certain other social media platforms, less than 24 hours after the policy’s initial introduction. The development comes shortly after company owner Elon Musk launched a Twitter poll asking users whether he should step down as head of
Continue Reading By David Goldman, CNN Twitter’s mercurial new boss may be out the door after less than two months on the job, if results of a Twitter poll go against him. Elon Musk tweeted a poll Sunday evening asking people to vote on whether he should step down as Twitter’s CEO. Musk said he would abide
Continue Reading By Kara Scannell, CNN Former FTX CEO Sam Bankman-Fried is expected to appear in a Bahamas court on Monday to reverse his decision to contest extradition to the US, a person familiar with the matter told CNN. Bankman-Fried is expected to agree to extradition to the US, the person said. Reuters first reported thank Bankman-Fried
Continue Reading By Allison Morrow, CNN When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed the deal with more than half a billion dollars borrowed from his own hedge fund — the entity that prosecutors say was illegally funneling customer funds from its affiliated platform, FTX. In
Continue Reading By Clare Duffy, CNN When Elon Musk polled Twitter users about whether to reinstate former President Donald Trump’s account, he quickly followed through on the majority’s wish to do so. “Vox Populi, Vox Dei,” he pronounced via tweet, Latin for “the voice of the people is the voice of God.” Likewise, when Twitter users voted
Continue Reading By Brian Fung, CNN Twitter said Sunday it would ban links to other social media services and suspend accounts that try to direct users to alternative platforms, in an apparent attempt to stem user defections to competitors. But Twitter CEO Elon Musk later relented, loosening the policy and causing widespread confusion about what kind of
Continue Reading By Ramishah Maruf, CNN The highly anticipated “Avatar: The Way of Water” took in $134 million at the US box office, giving director James Cameron his first $100 million opening weekend — despite falling short of analyst predictions. Although notching the second highest world-wide opening this year didn’t quite match expectations, the film’s ultimate success
Continue Reading By Ramishah Maruf, CNN Video game pioneer John Carmack is resigning from his consulting position at Meta with “mixed feelings” about the “end of his decade in VR,” he announced in a Facebook post Friday. Carmack stuck around through the company’s more than $10 billion investment into virtual reality technology. And although he still believes
Continue Reading By Samantha Murphy Kelly, CNN Business When Huawei recently teased a new smartwatch in a promotional video, it featured an unusual design: the watch face flipped open to reveal a secret compartment where a pair of magnetic earbuds sat inside charging. While the product might only appeal to some users, the inclusion of the earbuds
Continue Reading By Paul R. La Monica, CNN Mortgage rates have ticked down recently, but are still up dramatically from a year ago thanks to the surge in long-term bond yields as the Federal Reserve hiked interest rates. While that’s already had a negative impact on the housing market, we’ll get more details this week about how
Continue Reading By Oliver Darcy New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability to return to the platform if they deleted the tweets he falsely claimed shared his “exact real-time” location. The move from Musk came after he posted an unscientific poll on
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