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Meta's Twitter challenger 'Threads' to raise stakes for Snap, Pinterest

Amid gains in megacap tech stocks, Meta has soared 161% this year, second only to Nvidia Corp. among components of the Nasdaq 100 Index

OpenAI's ChatGPT bot probe requested by US FTC over consumer harms

FTC Chair has raised concerns about AI, saying enforcers "need to be vigilant early" with transformative tools like artificial intelligence

Twitter asks court to end US FTC order over its data privacy practices

Twitter in the filing said the FTC has "pummeled" the company with "burdensome letters and requests for depositions," issuing demands for information as frequently as one letter every other week

Caution about Bitcoin grows as jump in global markets bypasses crypto

The largest digital asset on Thursday mostly held losses of 0.7% from a day earlier, while stocks and bonds extended gains on bets that an end to Federal Reserve monetary tightening is getting closer

Barclays and Yes Bank raise India's inflation forecast as prices jump

Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation

India mulls banning exports of most rice varieties as local prices surge

The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter

Remote work to wipe out $800 billion from office values, says McKinsey

Covid-19's push toward hybrid work has driven the need for office space down with vacancy rates rising, McKinsey Global Institute said Thursday in a report

Fossil-fuel demand for electricity may have peaked following RE's growth

From China to Europe, the capacities of solar, battery and wind power are surging, the Rocky Mountain Institute said in an analysis released Thursday

Google unveils NFT policy for Play Store to incorporate tokens into games

NFT investors, who have watched prices of their collections fall and interest in the digital-asset market wane, see the changes in Google's policy as a sign that the market is not dead yet

$590 bn rally since March faces earning reports, retail pull back tests

Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates

China's $400 billion pension sends new warning over its debt risks

The recent Sino-Ocean Group Holding Ltd.'s debt rout raised the pension fund's concerns as one of its biggest asset managers holds a large position in the state-backed developer's bonds

Microsoft's $69 billion Activision deal likely to face fresh UK probe

That pause gives the firms a chance to suggest potential fixes aimed at easing UK concerns that the takeover would stymie competition

Brent crude rises above $80/barrel amid signs of tightening supplies

Futures rose as much as 0.8% in London, climbing just above $80

Trump must face E. Jean Carroll defamation suit as DOJ reverses course

The DOJ revisited the issue after an appeals court clarified that workers are only protected by the law if their actions were intended to help the government

Americans get a break from price rise; inflation up just 0.2%, CPI rises 3%

Treasury yields plummeted, the S&P 500 opened higher and the dollar slid following the report. The chances of an additional Fed rate increase after this month slipped to well below 50%

Musk announces new company xAI as he seeks to build ChatGPT alternative

Despite his work around AI, Musk was among a group of researchers and tech industry leaders who earlier this year called for developers to pause the training of powerful AI models

Meta Platforms Inc to fight EU charges over Facebook marketplace abuse

EU watchdogs alleged that Meta imposed unfair trading terms that enable it to use data on competing online classified ad services for its Marketplace platform

World is losing battle to wipe out hunger by end of decade: Report

Hunger was still rising in western Asia, the Caribbean and throughout Africa last year

US inflation decelerates to 3%, core CPI rises less than forecast

The consumer price index rose 3% last month from a year ago, according to data out Wednesday from the Bureau of Labor Statistics. From May, it advanced 0.2%

Google's AI chatbot trained by 'overworked, underpaid, frustrated' humans

Chatbots like Bard use computer intelligence to respond almost instantly to a range of queries spanning all of human knowledge and creativity