Money

  • Facebook parent Meta threatens to remove news from platform
    Facebook parent Meta Platforms Inc. said Tuesday it will be “forced to consider” removing news content from its platform if Congress passes legislation requiring tech companies to pay news outlets for their material. The Journalism Competition and Preservation Act, if passed, would allow news companies to collectively negotiate with social... Read more
    Source: ABC - Money Published on: 2022-12-06 By The Associated Press
  • Trump Organization jury deliberating, focusing on last count
    NEW YORK -- Jurors deliberating criminal tax fraud charges Tuesday against Donald Trump’s company zeroed in on the last count listed on the verdict sheet: falsifying business records.The charge alleges that longtime Trump Organization finance chief Allen Weisselberg ordered an underling to make changes to Trump’s personal financial records just... Read more
    Source: ABC - Money Published on: 2022-12-06 By MICHAEL R. SISAK Associated Press
  • Oil spill smears coast in Venezuelan tourist hotspot
    CARACAS, Venezuela -- An oil spill has polluted more than 2.5 miles (4 kilometers) of coastline at the city of Lechería, one of Venezuela's top tourist destinations, the city's mayor said Tuesday.Mayor Manuel Ferreira called it a “catastrophic scene.” “The authorities in the area of oil production have not given... Read more
    Source: ABC - Money Published on: 2022-12-06 By The Associated Press
  • Meta oversight board urges changes to VIP moderation system
    LONDON -- Facebook parent Meta's quasi-independent oversight board said Tuesday that an internal system that exempted high-profile users, including former U.S. President Donald Trump, from some or all of its content moderation rules needs a major overhaul.The report by the Oversight Board, which was more than a year in the... Read more
    Source: ABC - Money Published on: 2022-12-06 By KELVIN CHAN AP Business Writer
  • Governments gather in Canada in bid to boost biodiversity
    BOSTON -- Amid warnings that biodiversity is in freefall, environmental leaders will gather in Montreal to hammer out measures aimed at shoring up the world's land and marine ecosystems and coming up with tens of billions of dollars to fund these conservation efforts.Delegates from about 190 countries will assemble for... Read more
    Source: ABC - Money Published on: 2022-12-06 By MICHAEL CASEY Associated Press
  • Biden to visit Arizona computer chip site, highlight jobs
    WASHINGTON -- President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority.Biden has staked his... Read more
    Source: ABC - Money Published on: 2022-12-06 By JOSH BOAK Associated Press
  • Japan, Belgium to cooperate in chip production, development
    TOKYO -- A newly founded Japanese semiconductor company aiming to revive Japan’s chip industry signed an agreement on Tuesday to collaborate with a Belgian research organization in developing next-generation chips for production in Japan. Economy and Industry Minister Yasutoshi Nishimura told reporters that the new company, Rapidus, which was launched... Read more
    Source: ABC - Money Published on: 2022-12-06 By MARI YAMAGUCHI Associated Press
  • Robinhood takes on retirement in search for more growth
    NEW YORK -- Robinhood, the company that blazed onto Wall Street after turning millions of novices into investors by making trading fun, is now setting its sights on a more staid corner of the industry: saving for retirement. The company on Tuesday is initiating signups for a retirement program, where... Read more
    Source: ABC - Money Published on: 2022-12-06 By The Associated Press
  • Pope tightens oversight of Vatican-linked foundations
    VATICAN CITY -- Pope Francis on Tuesday tightened control and oversight over Vatican-based foundations and associations in his latest effort to impose international standards of accounting and governance on Vatican offices and affiliated entities. A new law aims to bring the Holy See into further compliance with recommendations from the... Read more
    Source: ABC - Money Published on: 2022-12-06 By NICOLE WINFIELD Associated Press
  • Asian shares lower as strong data hit hopes for dovish Fed
    BANGKOK -- Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation. Tokyo rose while other regional markets declined. U.S. futures gained and oil prices also advanced. Adding to worries over the... Read more
    Source: ABC - Money Published on: 2022-12-06 By ELAINE KURTENBACH AP Business Writer