Facebook and Instagram parent Meta Platforms Inc. on Wednesday threated to block users in California from sharing news articles if lawmakers in its home state pass legislation requiring some tech companies to pay news publishers.
: Bumble shares slump as Tariq Shaukat to step down as president
Shaukat will remain in an advisory role for the transition after he resigns Sept. 1, Bumble said in a regulatory filing
Earnings Results: The banking crisis is claiming another software stock
The crisis that has roiled regional banks spread to another software company on Wednesday.
: ServiceNow exec cashes out $7 million in stock amid 2023 surge
Chirantan “CJ” Desai, ServiceNow’s president and chief operating officer, dumped 13,000 shares of ServiceNow last Thursday at an average price of $538.155.
Cannabis Watch: Union Square Travel Agency cannabis store teams up with Doobie Delivery to offer pre-ordered pot to your doorstep
NYC dispensary Union Square Travel Agency: A Cannabis Store projects up to 25% of its total revenue could be from delivery
: House passes debt-ceiling bill in 314-117 vote, sending it over to Senate
The House of Representatives takes action Wednesday on a bill that aims to raise the debt limit and prevent a market-shaking default, while limiting spending.
The Fed: MarketWatch interview: Fed’s Harker says skipping June rate hike is returning to normalcy
“I think we get back to where we used to be, which was making a change every other meeting,” Philadelphia Fed President Patrick Harker said in an interview Wednesday.
Market Extra: Nasdaq outperforms Dow in May by widest margin since dot-com crash as ‘Magnificent Seven’ stocks power higher
May was a great month for technology and chip maker stocks. The rest of the market? Not so much.
Earnings Results: AI startup C3.ai’s stock plunges 22% after softer revenue guidance
The company’s stock ended the extended session down 22% on soft annual revenue guidance.
Market Extra: ‘Potent liquidity squeeze’ threatens stock market once debt-ceiling deal is done
Politicians appear on course to avert a market-shaking U.S. default. But stock-market investors need to be aware of what comes next.
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