Major averages rose in Wednesday's opening session but the Nasdaq fell after Alphabet reported cloud revenue below Wall Street estimates, despite topping profit views.
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Group Suing to Block Utah Social Media Policies for Kids
A group representing several big tech companies is suing Utah over state laws about children's social media use.
Google to Pay $700 Million in Settlement
Google has agreed to pay $700 million to settle an anti-trust settlement.
Stocks Up as Wall Street Continues to Digest Fed Comments
Stocks were up after the closing bell as Wall Street continued to pin their hopes on rate cuts after last week's comments from the Fed.
Securitize: The Private Credit Boom Has Arrived
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Google to Pay $700M in Antitrust Settlement Reached With States Before Recent Play Store Trial Loss
Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.
Nicki Minaj First Female Rapper to Have 3 No. 1 Albums
Nicki Minaj just reached a milestone that no other woman in rap has reached.
Some Apple Watch Models Being Removed From Stores
Apple announced that starting this week, it will stop selling some versions of the Apple watch in the U.S.
Southwest Airlines Reaches $140 Million Settlement Over Holiday Flight-Canceling Meltdown Last Year
Southwest Airlines will pay a $35 million fine as part of a $140 million settlement to resolve a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays.
House Passes Healthcare Transparency Bill
The House of Representatives recently passed a bill aimed at increasing transparency in healthcare.
