 | | | | ByteDance has agreed to a $92 million class-action settlement to settle data privacy claims from some U.S. TikTok users, according to documents filed Thursday in U.S. District Court in Illinois. | | | | | | Boeing Co faces a new fine from U.S. regulators as part of a expected settlement with U.S. regulators over quality and safety-oversight lapses going back years, two people familiar with the matter said, a setback that comes as Boeing wrestles with repairs to flawed 787 Dreamliner jets that could dwarf the cost of the federal penalty. | | | | | | The Federal Aviation Administration (FAA) said Boeing Co has agreed to pay $6.6 million in penalties after the aviation regulator said it failed to comply with a 2015 safety agreement. | | | | | | The U.S. securities regulator should think more "creatively and broadly" about tackling issues of race and gender diversity, including by potentially revisiting public companies' disclosure requirements, the agency's acting chair said on Thursday. | | | | | | Twitter Inc will launch new features and products faster to catch up with rivals in a plan to double annual revenue and reach a least 315 million users in 2023, it said on Thursday, boosting its shares 5.6%. | | | | | | Oil prices were mixed on Thursday with U.S. crude edging up to its highest close since 2019 as Texas refineries restarted production after last week's freeze, while Brent eased on worries that four months of gains will prompt producers to boost output. | | | | | | U.S.-based stock funds in the week ended Wednesday posted inflows of $14.4 billion, according to Lipper. | | | | | | A jump in benchmark U.S. Treasury yields on Thursday led a gauge of global equity markets to retreat as investors sold the high-flying tech stocks that fueled Wall Street's rally to record highs and took precautions against the threat of inflation. | | | | | | Costco Wholesale Corp is raising the minimum wage for its hourly staff to $16 from next week, a dollar more than what its competitors Amazon.com Inc and Target Corp pay per hour. | | | | | | GameStop Corp shares soared again on Thursday after doubling in the previous session, triggering a series of NYSE trading halts and leading a surprise resurgence of so-called "stonks" championed by passionate retail investors on various online forums. GameStop shares hit $160 at the open before being halted after several minutes of trading and fell to around $129 before the second halt. The stock resumed trading around 10 a.m. Eastern and hovered around $143 in afternoon trad | | | | | |
