Facebook parent is no longer one of 10 most valuable US companies. Here’s what just overtook it.

Meta Platforms Inc. is furthering its descent through the ranks of the biggest companies in the US, this time falling below Exxon Mobil Co. for the first time in more than five years. The Facebook parent company finished Thursday’s session with a market value of $366.6 billion, while Exxon XOM, -0.20% closed with a market … Read more

California to require social-media companies to disclose hate-speech, disinformation policies

SACRAMENTO, Calif. — California will impose first-of-its-kind requirements on social media companies to publish their policies for removing disturbing content including hate speech, with details on how and when they remove that content, under a bill signed into law by Democratic Gov. Gavin Newsom. “California will not stand by as social media is weaponized to … Read more

Meta leads social-media stock slide as inflation numbers add to economic jitters

Meta Platforms Inc. is leading the sharp turn lower in social-media stocks after the consumer price index unexpectedly moved higher during August, indicating that inflation remains rampant despite declines in gas prices relative to earlier in the summer. The 7.6% drop in shares of the Facebook parent company Tuesday afternoon comes amider declines for US … Read more

Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle

US stocks tumbled Friday, with the Dow Jones Industrial Average closing down more than 1000 points for its worst daily percentage drop since May, after Federal Reserve Chair Jerome Powell said the central bank will continue its battle against inflation “until the job is done” of getting the cost of living back to its 2% … Read more

Opinion: The stock market in all likelihood has entered a new bull phase — so you’ll want to own these five stocks

That didn’t take long. The slump in the S&P 500 Index SPX, +0.63% and Nasdaq Composite Index COMP, +0.87% after their meteoric rise off mid-June lows has a lot of market commentators asking two key questions: Was that a head-fake bear market rally? Will the market retest the lows and go lower? My answers: No … Read more

Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market

Some market gurus are starting to worry that the summer rally on Wall Street may be starting to fizzle, after stocks lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans … Read more

Amazon testing TikTok-style feed on its app, AI company says

NEW YORK — Amazon appears to be getting the TikTok bug, joining other companies seeking to hold consumers’ attention by introducing replicas of the popular social platform. The e-commerce giant has been testing a feed on its app that enables shoppers to scroll through TikTok-like photos and videos of products posted by other users. Using … Read more

Slowing economy reaches Apple as it lays off 100 recruiters: report

An economic slowdown is encroaching on tech giant Apple Inc., which has reportedly laid off 100 contract workers in charge of recruiting. Those made redundant — across several regions — were informed Apple AAPL, +0.63% needed to make adjustments for its current business climate, according to a Bloomberg report on Tuesday that cited sources close … Read more

How companies take advantage of our very human desire to feel superior to others, according to a new study

Have you ever wondered why in some shopping malls, some of the luxury stores have long lines of people waiting to enter, cordoned off by red velvet ropes? It’s not that there isn’t enough room in the shop, or that there isn’t enough staff on hand to attend to customers. It’s because the company is … Read more

FTC looks to hammer out rules to rein in tech companies’ data collection

WASHINGTON — Whether it’s the fitness tracker on your wrist, the “smart” home appliances in your house or the latest kids’ fad going viral in online videos, they all produce a trove of personal data for big tech companies. How that data is being used and protected has led to growing public concern and officials’ … Read more