Meta has deceived the public by targeting children on Facebook and Instagram with technology designed to turn them into compulsive users and drive up advertising revenue, a lawyer at the California attorney general’s office told a jury https://t.co/QfVQFWdPWW ...

>>> HI THERE. GOOD TUESDAY MORNING. DANGEROUS HEAT SURGING ACROSS MUCH OF THE COUNTRY.>> AND IT IS GOING TO STICK AROUND FOR A WHILE, TOO. IT IS AUGUST 18th. THIS IS "TODAY." STIFLING.TENS OF MILLIONS FACING RECORD-SETTING TEMPERATURES FROM THE SOUTHWEST TO THE MID-ATLANTIC TODAY. A HEAT INDEX ABOVE 110 ACROSS PARTS OF THE SOUTH. >> WHEN I GOT IN MY CAR, IT WAS READING 116.>> WHILE THE MIDWEST BRACES FOR A NEW THREAT OF FLASH FLOODS. WE'LL HAVE YOUR FULL FORECAST. >>> SEARCHING FOR ANSWERS.NEW DETAILS EMERG ...

>> NOW STAY WITH US THOUGH. THE NEWS CONTINUES RIGHT NOW. >> AND GOOD MORNING.IT'S 10 A. M. EASTERN AND 7 A.M. ON THE WEST COAST. I'M CHRISTINE ROMANS.LET'S GET YOU CURRENT BREAKING THIS MORNING, THE START OF A TRIAL THAT COULD DETERMINE THE FUTURE OF INSTAGRAM AND FACEBOOK. WHAT'S AT STAKE IN THE LANDMARK CASE ABOUT KIDS AND ADDICTION TO SOCIAL MEDIA HAPPENING RIGHT NOW. VOTERS CASTING BALLOTS IN CRITICAL PRIMARY ELECTIONS IN FOUR STATES, THE KEY RACES THAT COULD DETERMINE THE BALANCE OF POWER IN CONGRESS. ...

Beta back in court for a landmark trial that could lead to sweeping changes on Instagram and Facebook. >> So this time, four different states are suing the social media giant, accusing the company of knowingly creating features on its platforms that keep kids addicted. They also claimed that Meta misled the public about safety and illegally collected data from minors.California's attorney general posting this statement on X saying Meta designed a dangerous product for young users knew it to be dangerous and ...

Healthcare & Artificial Intelligence Industry Trends - Hims & Hers outlines a strategic vision for developing an artificial intelligence-enabled American healthcare system [1] - Hims & Hers addresses the impact of company operations on GLP-1 medication access and affordability [1] - Genies develops an artificial intelligence avatar of media personality Becky Quick using training data based on personal mannerisms, history, and perspectives [1] - Artificial intelligence avatar startups expand market applications by building personalized digital personas for athletes across major sports leagues including the NBA and MLB [1] Regulatory & Corporate Dynamics - Hims & Hers responds publicly to ongoing legal challenges involving the Federal Trade Commission [1] - Meta faces renewed antitrust and legal scrutiny regarding allegations related to social media addiction [1] - Corporate governance and family business dynamics at the Los Angeles Lakers receive industry media coverage [1]

Opening arguments began in a federal child safety trial against Meta Platforms brought by the attorneys general of four states. https://t.co/BmV47G0wqs ...

Today's opening arguments in Oakland will be watched closely in this very high stakes case. In addition to demanding changes to Meta's algorithms, Meta says the state AGS are asking for $1.4% trillion. The state's essentially telling the judge that Meta is exaggerating and the number is closer to $200 billion.Today we'll hear the state's case that Meta illegally allegedly illegally collected and used the data of children under the age of 13 who use its platforms made decisions in designing its platforms tha ...

CNBC's Julia Boorstin joins 'Squawk on the Street' to discuss opening statements in Meta's landmark child safety trial. ...

CNBC business news update. Major averages all in the red this afternoon. I'm Jessica Edinger.Bond yields are higher. Oil is higher. No end in sight for the US Iran war.The Dow off its earlier low. It is only down 78 points, being led lower by shares of Caterpillar, which are down almost 5%. The S&P 500 index down 40 points.That's a half percent. The NASDAQ down 291 points, 1% chipmaker shares lower this afternoon. >> It is very much a yields story backing up really everywhere.Uh here, Germany, uh Japan, as ...

Macroeconomic Trends & Bond Market - U.S. 30-year bond yields climbed to 5.32%, reaching their highest level since 2007 [2][3] - Germany's 30-year bond yields hit their highest levels since 2011, while Japan's approached levels not seen since the 1990s [3] - Bank of America fund manager survey indicated that 56% of respondents were overweight global equities, the highest level since 2021 [8] - U.S. corporate bond issuance in August set a record, running 35% to 36% higher compared to the previous year[88][90][112] Corporate Earnings & Financial Performance - Home Depot reported second-quarter results that beat top and bottom line expectations, while reaffirming its full-year guidance with shares rising about 2% [31][56][61] - Anthropic is on track to generate annualized revenue exceeding 65 billion dollars, representing a more than sevenfold increase from the prior year [60][168] - Alibaba shares rose nearly 3% in premarket trading following the launch of a new platform utilizing AI agents for automating tasks [59] Energy & Geopolitics - Brent crude closed in the 90s for the first time in the month, holding around 91 dollars per barrel[5][19][35] - U.S. national average for a regular gallon of gas hovered just above 4 dollars per gallon, reaching seasonal highs [144]