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FTC tells Tim Cook to look into reports Apple News is censoring conservatives
CNBC· 2026-02-12 16:39
Core Viewpoint - The FTC Chair Andrew Ferguson has raised concerns about potential political bias in Apple News, suggesting that the platform may be favoring left-wing news outlets while suppressing conservative ones [2][3]. Group 1: Allegations of Bias - Reports indicate that Apple News has been systematically promoting articles from left-wing outlets and suppressing those from conservative publications [2]. - Ferguson's letter references a study by the Media Research Center, which analyzed featured stories on Apple News during morning time slots in January [3]. Group 2: Legal and Regulatory Context - Apple has the legal right to promote any content it chooses on Apple News, a point acknowledged by Ferguson [2]. - Ferguson clarified that the FTC does not have the authority to mandate Apple or any other company to adopt specific political stances or curate news offerings based on ideology [3].
Infosys ADRs plunge over 7%, Wipro down 5% as tech turbulence deepens on Wall Street
The Economic Times· 2026-02-12 16:28
Market Overview - The broader US tech sector experienced significant pressure, with the Nasdaq Composite dropping over 300 points, or more than 1%, trading at 22,764.90 [1] - The S&P 500 decreased by 0.6% to 6,902.80, while the Dow Jones Industrial Average fell by 249.27 points, or 0.50%, to 49,872.10 [1] Company Performance - Cisco's stock plummeted by 11%, while major companies such as Apple, Nvidia, and IBM saw declines of up to 6% [2] - Indian IT stocks faced a steep sell-off, with Infosys' American Depositary Receipts (ADRs) dropping more than 7% to an intraday low of $14.59, and Wipro's ADRs falling by 5.4% to $2.26 [3] - The Nifty IT index in India settled 5.5% lower, with all 10 stocks in the index slipping into negative territory [3]
Apple acquires all rights to Severance, will produce future seasons in-house
TechCrunch· 2026-02-12 15:34
Core Insights - Apple has acquired the intellectual property and all rights to the show "Severance" from Fifth Season for just under $70 million, with Apple's in-house studio set to produce future seasons while Fifth Season remains as an executive producer [1][2] Group 1 - "Severance" will become one of Apple's marquee titles, joining other popular series like "Your Friends and Neighbors" and "Stick" [2] - Production costs for "Severance" had exceeded Fifth Season's budget, leading the studio to request advances from Apple and consider relocating production to Canada for better tax incentives [2] - The second season of "Severance" became Apple's most-watched series and received the highest number of nominations at the 2025 Emmy Awards, with expectations for the show to run for four seasons and potential spin-offs [3]
MSFT, GOOG and AAPL Forecast – Major Stocks Soft on Thursday
FX Empire· 2026-02-12 15:17
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and opinions, as well as materials from third parties for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for any financial actions, including investments or purchases [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned that prices may be provided by market makers rather than exchanges [1]. Group 2 - The content includes information about complex financial instruments such as cryptocurrencies and CFDs, which carry a high risk of losing money [1]. - Users are encouraged to understand how these instruments work and to consider their financial situation before investing [1]. - The website may contain advertisements and promotional content, and FX Empire may receive compensation from third parties related to such content [1].
US FTC airs concerns over allegations that Apple suppresses right-wing content on Apple News
TechCrunch· 2026-02-12 14:40
Core Viewpoint - The U.S. Federal Trade Commission (FTC) has raised concerns regarding allegations that Apple is censoring conservative content on the Apple News app, prompting a call for a review of its content curation practices [1][4]. Group 1: FTC's Concerns - FTC Chair Andrew Ferguson cited reports from the Media Research Center, alleging that Apple excluded right-leaning outlets from the top 20 articles in the Apple News feed [1]. - Ferguson expressed that these reports question whether Apple News adheres to its terms of service and consumer expectations, condemning any ideological censorship [2]. - The FTC lacks the authority to mandate Apple's ideological stance in news curation but indicated that inconsistent practices could violate the FTC Act [3]. Group 2: Support from Other Officials - Brendan Carr, Chairman of the Federal Communications Commission, supported Ferguson's position, asserting that Apple should not suppress conservative viewpoints [4]. - Ferguson urged Apple to conduct a comprehensive review of its terms of service and take corrective actions if necessary [4]. Group 3: Political Context - The letter from the FTC followed President Donald Trump's sharing of the Media Research Center report on his platform, Truth Social, highlighting ongoing tensions between Big Tech and conservative viewpoints [5]. - Apple's relationship with the Trump administration has fluctuated, with Trump previously criticizing Apple for manufacturing in China, but relations improved after Cook's commitment to invest over $600 billion in the U.S. [7]. Group 4: Broader Investigations - The FTC previously launched an investigation into censorship by tech platforms, seeking public input from individuals who felt silenced due to their political beliefs [8].
Palo Alto, Apple And Visa On CNBC’s ‘Final Trades’ - Apple (NASDAQ:AAPL), Millrose Properties (NYSE:MRP)
Benzinga· 2026-02-12 13:14
Group 1: Company Updates - Palo Alto Networks has completed its acquisition of CyberArk for $45 per share in cash and 2.2005 shares of Palo Alto stock [1] - Millrose Properties is set to release its fourth-quarter financial results on February 26 [2] - Visa reported quarterly earnings of $3.17 per share, exceeding the consensus estimate of $3.14, with quarterly revenue of $10.9 billion, surpassing the Street estimate of $10.69 billion [3] - Apple reported fiscal first-quarter revenue of $143.76 billion, beating analyst estimates of $138.42 billion, and earnings of $2.84 per share, exceeding estimates of $2.66 per share [4] Group 2: Stock Performance - Palo Alto shares fell 0.1% to close at $165.30 [5] - Millrose Properties shares gained 1.1% to close at $31.84 [5] - Visa shares gained 0.3% to settle at $329.24 [5] - Apple shares gained 0.7% to settle at $275.50 [5]
Wall Street Breakfast Podcast: McDonald's Arching Toward 50K
Seeking Alpha· 2026-02-12 11:12
Company Performance - McDonald's reported a strong Q4 performance with global comparable sales increasing by 5.7% and U.S. sales up by 6.8% [3] - The company gained market share without a decline in operating income during the quarter [3] - Promotions, including the Minecraft event and Grinch collectibles, significantly drove traffic to restaurants [4] Marketing and Product Development - Marketing initiatives such as the Monopoly event and the Grinch meal contributed to the increase in U.S. comparable sales [4] - The Big Arch menu item showed strong performance in select markets, and McDonald's plans to expand its beverage options following positive results [4] Expansion Plans - McDonald's is on track to reach 50,000 global restaurants by the end of 2027, with an acceleration in new restaurant openings [5]
3 Key Updates Apple Just Gave Investors
The Motley Fool· 2026-02-12 10:15
Apple stock is finally rising again.Although most of the big-tech stocks faltered last week after the companies announced huge increases in artificial intelligence (AI) spending, Apple (AAPL +0.76%) is keeping its gains since its own phenomenal earnings report.After ignoring the company for much of 2025 due to its falling behind in AI, the market is finally embracing its other excellent qualities as well as expectations for improvements in AI this year.Here are three updates Apple just gave investors that y ...
Apple says its news site provides access to a ‘wide range of topics' amid bias allegations
Youtube· 2026-02-12 02:30
A new study shows the Apple News app promotes articles from left-leaning outlets and shuts out conservative news sites. Joining me now is California Post opinion editor Joel Pollock. Joel, this looks like Apple News is flatout supporting left-wing causes.Is it. It does appear that way. The media research center looked at 620 Apple News articles and 440 of them were from left-leaning outlets.180 the remainder were from centrist outlets. And as for right-leaning outlets like the New York Post, for example, or ...
ANZ Bank Shares Enjoy Best Day Since 2020 as Cost Cuts Show
WSJ· 2026-02-12 02:20
SYDNEY—ANZ Group shares are on course for their best day since 2020 after the country's fourth-largest lender cut its first-quarter costs by more than analysts had expected. ...