The record privacy penalty by the EU puts pressure on Washington to complete a deal that would allow Meta to send user data stateside.
Property Report
Slow Return to Work Pummels Office Stocks
Vacancies are climbing and rents are sinking amid a stalled return-to-office rate.
Many employersโ health plans are trying to restrict access to the pricey drug and alternatives like Wegovy.
NATO membership isnโt on the table for now, but the U.S. and European allies could provide Kyiv guarantees for weapons and advanced technology.
Bickering over a stone wall, turtles and afternoon tea. Barbs such as, โtake up knitting!โ A bitter business dispute roils a village.
Korean carmaker known for its budget brands has become an EV innovator; sets sights on Tesla
WHAT'S NEWS
Business & Finance
- Facebook owner Meta Platformsย was fined $1.3 billion by European Union regulators for sending user information to the U.S., a record privacy penalty for the bloc.
- Share prices for someย of the largest office landlords have dropped to near historic lows, reflecting a sluggish return-to-office rate and a rise in the number of short sellers.
- U.S. stocks ended mixed,ย with the S&P 500 and Nasdaq gaining 0.02% and 0.5%, respectively, while the Dow fell 0.4%.
- Chevron deepened its commitmentย to oil-and-gas drilling in the U.S., spending $6.3 billion to acquire PDC, a rival with sizable operations in Texas and Colorado.
- Activist investor TCS Capitalย has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives, according to people familiar with the matter.
- TikTok sued Montana overย the stateโs new ban of the social-media platform, challenging the lawโs constitutionality.
- Applied Materials said itย would invest as much as $4 billion in a new California facility to conduct research on tools for making semiconductors.
- Exploiting Chinaโs ban onย Micron products wonโt be easy for South Korea or memory-chip rivals Samsung and SK Hynix, as geopolitics complicate what could be a welcome opportunity to boost sales.
World-Wide
- U.S. and NATO leadersย are coalescing around a vision for shoring up Ukrainian defenses and seeking to guarantee the countryโs sovereign future as Kyiv enters a pivotal stage in its war with Russia.
- Russia said its militaryย and security forces were fighting against Ukrainian units that had crossed into its southern Belgorod region.
- McCarthy and Biden failedย to reach a deal to raise the debt ceiling following a high-stakes meeting at the White House but planned to press ahead with talks as the U.S. nears a deadline to prevent a first-ever default.
- Beijing responded to theย G-7 leadersโ firm language toward China by rejecting Bidenโs suggestion that a thaw in U.S.-China relations was imminent.
- The U.S. signed dealsย that will deepen security ties with Papua New Guinea, representing a success for Washington as it seeks to counter Chinaโs influence in the Pacific.
- Republican Sen. Tim Scottย of South Carolina formally announced his bid for the presidency.
- A district judge inย Idaho entered a not guilty plea for Bryan Kohberger, who is accused of killing four University of Idaho students last year.
- Foreign-born workersโ share ofย the U.S. labor force rose last year to the highest level in 27 years of records, as labor demand surged and the pandemic faded.