Category: Regulation and Deregulation of Industry

The U.K. Riots Were Fomented Online. Will Social Media Companies Act?

Prime Minister Keir Starmer called out social media groups for the misinformation on their platforms that sparked violent clashes this week. But holding them accountable is tough.
Intel Will Cut More Than 15,000 Jobs

The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.
D.O.T’.s Proposal to Let Families Fly Together for Free: What to Know

A new federal policy would require airlines to seat families together on flights, without incurring any extra fees.
Michigan Supreme Court Ruling to Raise Minimum Wage in the State

The ruling, raising the minimum wage and phasing out a lower wage for tipped workers, said legislators had acted improperly in dodging a referendum.
Politics Makes the Fed’s Job Trickier, but Doesn’t Drive Its Decisions

Central bankers are independent of the White House as they set interest rates. But the political cycle can put them under unwanted limelight.
Senate Passes Child Online Safety Bill, Sending It to an Uncertain House Fate

The legislation would impose stricter privacy rules and safeguards for children on the internet and social media, but concerns about free speech and fierce industry lobbying pose challenges.
Is the Labor Market About to Crack? It’s the Key Question for the Fed.

Central bankers are paying more attention to the strength of the job market as inflation cools. But it’s a tough time to gauge its resilience.
Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.

Tesla says self-driving taxis will power its growth, but the company hasn’t said when such a service would be ready or how much it would increase profits.
Germans Combat Climate Change With D.I.Y. Solar Panels

Plug-and-play solar panels are popping up in yards and on balcony railings across Germany, driven by bargain prices and looser regulations.
Memecoins, Cryptocurrencies Based on Internet Memes, Roar Back

One of the wildest, most scam-ridden corners of the cryptocurrency industry — memecoins, which are rooted in internet memes — has roared back.
Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans

Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
How US Chips Continue to End Up in Russian Missiles

Defying sanctions, Russia has obtained nearly $4 billion in restricted chips since the war began in Ukraine. Many were shipped through a cluster of shell companies in Hong Kong.