The U.S. Securities and Exchange Commission (SEC) on June 6 sued one of the largest cryptocurrency platforms in the world, sending the company’s stock down. Coinbase, the platform, has been operating its crypto platform without registration, violating federal law, according to the lawsuit. “Coinbase has never registered with the SEC as a broker, national securities…
US Agency Sues Major Cryptocurrency Exchange
The U.S. Securities and Exchange Commission (SEC) on June 6 sued one of the largest cryptocurrency platforms in the world, sending the company’s stock down. Coinbase, the platform, has been operating its crypto platform without registration, violating federal law, according to the lawsuit. “Coinbase has never registered with the SEC as a broker, national securities…
Microsoft to Pay $20 Million Fine for Violating Children’s Privacy
Tech giant Microsoft has agreed to pay a multi-million dollar settlement to the U.S. Federal Trade Commission (FTC) for illegally collecting children’s personal information without parental consent. The $20 million settlement came after the FTC charged Microsoft for violating the Children’s Online Privacy Protection Act (COPPA). According to COPPA rules, websites and online services open…
Wall Street Opens Lower as Mixed Data Fuels Fed Policy Uncertainty
Wall Street’s main indexes opened slightly lower on Tuesday as investors assessed chances of the Federal Reserve holding interest rates at its meeting next week, with mixed data adding to uncertainty around the policy outlook. The Dow Jones Industrial Average fell 15.19 points, or 0.05 percent, at the open to 33,547.67. The S&P 500 opened…
World Stocks Tread Water as Traders Eye Fed Pause Prospects
June 6, 2023
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LONDON—European stocks started Tuesday mixed, as soft U.S. economic data reinforced expectations the Federal Reserve may skip an interest rate hike when it meets next week. The pan-European STOXX 600 index was up 0.1 percent to 460.40 at 0830 GMT. In the previous session, the index dropped as data pointing to tepid U.S. business activity…
TSMC Feeling ‘Good’ About Possible Germany Plant, in Talks on Subsidies
Taiwanese chipmaker TSMC is feeling “good” about talks over a possible first European factory in Germany and is discussing subsidies with the host country’s government, the company’s chairman said on Tuesday. TSMC, the world’s largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or…
Experiment Drug Touted as Breakthrough for Intractable Brain Cancer
June 6, 2023
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A new experimental drug therapy has shown some promising signs of slowing down the progression of a type of brain cancer by more than 16 months on average. French drug developer Servier Labratories released results of a new medication that may become one of the earliest targeted therapies for a type of brain tumor affecting adults…
Bud Light Maker Fined for Violations of EPA’s Chemical Accident Prevention Rules
Anheuser-Busch, the company that makes Bud Light, faces a hefty fine and a series of mandatory safety reviews as part of a settlement with the U.S. Environmental Protection Agency (EPA) for violations of federal requirements regarding the prevention of chemical accidents. EPA said in a June 5 press release that it had reached a settlement with…
Apple Unveils Sleek ‘Vision Pro’ Goggles
CUPERTINO, Calif. — Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination. After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles…
Apple Unveils ‘Vision Pro’ Virtual Reality Headset
June 5, 2023
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CUPERTINO, Calif.—Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination. After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles—dubbed “Vision Pro”—at…
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