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Australia passes new media law that will require Google, Facebook to pay for news

Australia passes new media law that will require Google, Facebook to pay for news
A search for 'Australia News' on the Google homepage, arranged on a desktop computer in Sydney, Australia, on Friday, Jan. 22, 2021. David Gray | Bloomberg via Getty Images Australia has passed a new law that will require digital platforms like Facebook and Google to pay...

Australia’s antitrust chief claims a win over Facebook in news battle

Australia’s antitrust chief claims a win over Facebook in news battle
Facebook Chairman and CEO Mark Zuckerberg. Erin Scott | Reuters Australia's antitrust chief on Wednesday claimed a victory over Facebook in a digital news battle that has captivated the world over the last week. Facebook blocked news pages last Wednesday after the Australian government said it was...

JPMorgan Chase announces latest efforts in its $30 billion commitment to address racial inequality

JPMorgan Chase announces latest efforts in its $30 billion commitment to address racial inequality
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase on Tuesday announced its latest round of initiatives to support banks and credit unions that are primarily owned or directed by people of color, as well as...

Facebook cuts deal with Australia, will restore news pages in the coming days

Facebook cuts deal with Australia, will restore news pages in the coming days
Facebook CEO Mark Zuckerberg Drew Angerer | Getty Images Facebook has reached an agreement with the Australian government and will restore news pages in the country days after restricting them. The decision follows negotiations between the tech giant and the Australian government, which is set to pass...

Hedge funds that hunkered down after GameStop are now missing out on market gains

Hedge funds that hunkered down after GameStop are now missing out on market gains
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. Last month, an army of retail investors who coordinated on social...

Forget bitcoin — fintech is the ‘real Covid-19 story,’ JPMorgan says

Forget bitcoin — fintech is the 'real Covid-19 story,' JPMorgan says
A woman uses a Bitcoin ATM machine placed within a safety cage on January 29, 2021 in Barcelona, Spain. Cesc Maymo | Getty Images Bitcoin is an "economic side show" and fintech innovation is the story that will dominate financial services, according to JPMorgan. Analysts at the...

It will ‘annoy a huge group of the population’: How Australians have responded to Facebook’s news ban

It will ‘annoy a huge group of the population’: How Australians have responded to Facebook’s news ban
Australia Prime Minister Scott Morrison. David Mariuz | Pool | Getty Images Facebook users in Australia are slowly coming to terms with the fact that they'll no longer be able to get their daily news updates on the platform. In a snap decision announced Wednesday, the social...

‘Facebook was wrong’: Australia’s treasurer slams social media giant’s move to block news

'Facebook was wrong': Australia's treasurer slams social media giant's move to block news
Various news sites seen on Facebook on Feb. 18, 2021 in Melbourne, Australia. Robert Cianflone | Getty Images News | Getty Images Australian Treasurer Josh Frydenberg said it was "wrong" and "unnecessary" for Facebook to block Australian users from all news content — including those from...

Stocks making the biggest moves in the premarket: Palantir, MicroStrategy, CoreLogic & more

Stocks making the biggest moves in the premarket: Palantir, MicroStrategy, CoreLogic & more
Take a look at some of the biggest movers in the premarket: Palantir Technologies (PLTR) – The business analytics company's stock sank 6.2% in the premarket after reporting a quarterly loss, although revenue did top Street estimates on a jump in new contracts. AutoNation (AN) –...