Australia threatens fines for social media giants enabling misinformation
Australia said it will fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online.
Deutsche Bank’s Binky Chadha sees room for S&P 500 to run into year-end
His new target reflects upside of 3.5% from Wednesday’s close.
JD Vance repeats inflated immigration figures rejected by experts
Donald Trump’s running mate, JD Vance, made the claim on CNBC while speaking against the notion that increased immigration has helped the U.S. labor market.
CNBC’s Inside India newsletter: What happens when the Fed cuts rates?
Inside India also has more on whether Gautam Adani, founder of the Adani Group conglomerate, could become a trillionaire.
Microsoft hires former GE CFO Carolina Dybeck Happe as new operating chief
Carolina Dybeck Happe is joining Microsoft’s top leadership ranks after helping GE to bring its aviation and energy businesses public.
Airbus Ventures launches $155 million fund focused on deep tech, including space
Airbus Ventures, one of the most prolific investors in space startups, raised a $155 million fund.
Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
The 73-year-old vice chairman of insurance operations sold 200 Berkshire Class A shares on Monday for roughly $139 million.
Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
Microsoft said Thursday that it is cutting 650 roles at its Xbox gaming division, in the latest major round of layoffs to hit the video game industry.
Navient reaches $120 million settlement with CFPB for misleading student loan borrowers
The CFPB sued Navient in 2017 for misleading borrowers and providing them with bad information.
Wholesale prices rose 0.2% in August, in line with expectations
The producer price index was expected to increase 0.2% in August, according to the Dow Jones consensus forecast.
