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Feds investigating Meta for possible role in illegal drug sales on Facebook, Instagram

Federal authorities are pursuing Facebook for possible drug trafficking. U.S. prosecutors in Virginia are investigating Meta Platforms, the parent company of Facebook and Instagram, for its role in facilitating the sale of illegal drugs online. The Wall Street Journal reported on Saturday. They issued subpoenas and began questioning whether Meta’s social media platforms were enabling […]

US Investigating Social Media Giant For Potentially Profiting From Illegal Drug Sales

The United States is investigating Facebook’s parent company for possible involvement in illegal drug sales on the social media platform, The Wall Street Journal reported on Saturday. Prosecutors have issued a flurry of subpoenas to Meta as part of a larger investigation into whether the company’s social media platforms, including Facebook and Instagram, host and […]

Apple paying $490M to settle lawsuit over Tim Cook’s China sales comments

Apple has agreed to pay $490 million to settle a class-action lawsuit alleging that CEO Tim Cook defrauded shareholders by concealing a decline in iPhone demand in China. The preliminary settlement was filed Friday in U.S. District Court in Oakland, California, and must be approved by U.S. District Judge Yvonne Gonzalez Rogers. This stemmed from […]

Retail sales rebounded in February, but consumers may be growing more cautious

Brenda O’Connor Juanas, senior vice president at UBS Wealth Management, and Luke Lloyd, investment strategist at Strategic Wealth Partners, discuss retail earnings, interest rate cuts, Bitcoin’s surge to record highs, February CPI and more . U.S. retail spending rebounded in February, but consumers may be more cautious as they continue to face high interest rates […]

Soft Retail Sales Keep Alive Fed Rate-Cut Hopes – Investor's Business Daily

Retail sales rebounded weaker than expected in February, but new jobless claims fell to very low levels and prospects for Federal Reserve interest rate cuts are mixed. Producer price index data also showed a mixed picture for the Fed’s key inflation measure, the core PCE price index. X S&P 500 futures remained marginally higher after […]

KY House passes bill meant to crack down on vape sales to teens

A bill passed by the Kentucky House of Representatives aims to curb the illegal sale of e-cigarettes to teens and prevent unlicensed e-cigarette products from being sold over the counter. Kentucky businesses will be required to declare their involvement in the sale of tobacco products, and that information will be forwarded to the Kentucky Department […]