TikTok has been aware that its design features are detrimental to its young users and that publicly touted tools aimed at limiting kids’ time on the site were largely ineffective. That’s according to internal documents and communications exposed in lawsuit filed by the state of Kentucky. The details are among redacted portions of Kentucky’s lawsuit…… MORE
Wholesale Inflation Remained Cool Last Month in Latest Sign That Price Pressures Are Slowing
WASHINGTON (AP) — Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of COVID-19. The producer price index — which tracks inflation before it hits consumers — didn’t move from August to September…… MORE
Elon Musk Unveils Tesla’s ‘cybercab,’ Plans to Bring Autonomous Driving Tech to Other Models in 2025
LOS ANGELES (AP) — Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available. CEO Elon Musk said the “Cybercab” doesn’t have steering wheels or pedals. Tesla expects the Cybercabs to cost under $30,000. The…… MORE
JP Morgan Sets Aside More Money for Potential Bad Loans but Says Consumers Are on ‘Solid Footing’
NEW YORK (AP) — JPMorgan says its net income fell to $12.9 billion in the third quarter from $13.2 billion a year ago. Earnings of $4.37 per share did, however, beat Wall Street analysts’ forecasts and shares rose more than 4%. The bank set aside more money to cover potentially bad loans but did say…… MORE
Boeing to Cut 17,000 Jobs
(WBAP/KLIF) – Amid a month-long strike, Boeing is now announcing it will ax 17,000 jobs. This follows a $5 billion loss in the third quarter and a proposed delay on deliveries of its new 777-X jetliner. CEO Kelly Ortberg sent a message to employees stating, “We reset our workforce levels to align with our financial…… MORE