Oracle reaches $115 million consumer privacy settlement

By Jonathan Stempel (Reuters) – Oracle agreed to pay $115 million to settle a lawsuit accusing the database software and cloud computing company of invading people’s privacy by collecting their personal information and selling it to third parties. A preliminary settlement of the proposed class action was filed on Thursday night in San Francisco federal court, and requires a judge’s approval. Oracle denied wrongdoing. The plaintiffs, who otherwise have no connection to Oracle, said the … Read more…

Tesla halted some production lines due to global IT outage, Business Insider reports

(Reuters) -Tesla halted some production lines due to the global IT outage, Business Insider reported on Friday, citing sources familiar with the matter. The automaker sent some production employees home early during the night shift at its Austin, Texas and Sparks, Nevada facilities, the report added. The tech outage crippled industries from travel to finance before services started coming back online after hours of disruption due a content update by CrowdStrike for Microsoft Windows hosts. … Read more…

Meta chief Zuckerberg won’t endorse Trump or Biden in elections, Bloomberg News reports

(Reuters) -Meta Platforms CEO Mark Zuckerberg has declined to endorse either Donald Trump or Joe Biden and said he does not plan to be involved in the upcoming U.S. presidential election in any way, Bloomberg News reported on Friday. In an interview with the publication on Thursday, the tech executive said former President Trump’s immediate reaction after being shot was “badass” and inspiring, and helps explain his appeal to voters. Zuckerberg’s comments come as several … Read more…

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Pivoting Techs – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) The Dow Jones Industrial Average and the Russell 2000 stepped up Friday as investors and traders, ready for the pivot to small cap value stocks, jumped started the two laggard indexes. As inflation signs continue to show cooling, along with indications the Fed is near a rate cut, the Dow Jones Industrial Average and Russell 2000 came alive, with Russell gaining 6% for the week. The S&P 500 had … Read more…

US appeals court blocks all of Biden student debt relief plan

By Nate Raymond (Reuters) -A federal appeals court on Thursday blocked President Joe Biden’s administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions of Americans. The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven Republican-led states to put on hold parts of the U.S. Department of Education’s debt relief plan that had not already been blocked by a lower-court judge. That … Read more…

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Goldman Sachs names senior dealmakers in reshuffle, memo says

(Refiles to fix typographical error in paragraph 1) LONDON (Reuters) – Goldman Sachs has made a handful of senior leadership appointments within its investment banking team, according to an internal memo seen by Reuters. The company named former JPMorgan banker Carsten Woehrn as joint co-head of M&A in Europe, the Middle East and Africa (EMEA) to “grow and develop our European franchise,” the memo said. Woehrn led JPMorgan’s Infrastructure M&A franchise in Europe and has … Read more…

Apple in talks to license more Hollywood films, Bloomberg News reports

(Reuters) – Apple is in talks to license more films from Hollywood studios to boost its portfolio on Apple TV+ streaming service, Bloomberg News reported on Thursday, citing people familiar with the matter. Streaming platforms have been looking to grow their library of offerings, including spending millions on licensing for movies and live sports programming, to attract users in a competitive industry. The iPhone maker did not immediately respond to Reuters’ request for a comment. … Read more…

Google brings AI to US broadcast of Paris Olympics

By Sheila Dang (Reuters) – Alphabet’s Google will infuse artificial intelligence into the U.S. broadcast of the Paris Olympics, allowing sports commentators to use AI to explain competitions, the tech company said on Thursday alongside NBCUniversal and the U.S. Olympic and Paralympic Committee. Google will be named the official search AI partner of Team USA, marking the first time a tech company has partnered with the sports nonprofit, the three organizations said in a statement. … Read more…

Factbox-Trump’s foreign policy: rethink NATO, troops to Mexico, boost tariffs

By Gram Slattery WASHINGTON (Reuters) – Republican former President Donald Trump is planning to fundamentally alter the U.S. relationship with NATO should he win a second four-year term in office.  On the campaign trail, he has also floated sending armed forces into Mexico to battle drug cartels and slapping expansive tariffs on friends and foes alike. Here is a look at the foreign policy proposals Trump has pledged to institute should he win the 2024 … Read more…

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Factbox-Stocks to watch as Biden, Trump vie for presidency

(Reuters) -Investors are closely watching stocks that could be impacted by the outcome of the Nov. 5 U.S. presidential elections, especially those more exposed to government policy actions such as banking and clean energy. While U.S. President Joe Biden and Republican presidential candidate Donald Trump are locked in a close election rematch, a two-day Reuters/Ipsos poll showed that Trump had opened a marginal lead in the race to the White House after surviving an assassination … Read more…

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