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Mark Zuckerberg Loses $2.79 Billion After Global Outage Hits Meta Apps For 2 Hours
Meta's stock price also saw a 1.6% decline after a "technical issue" on Tuesday morning, affecting users for 2 hours.
Oil Prices Surge 2% as Fed Hints at Interest Rate Cuts
Oil prices surged 2% post-Fed Chair Powell's hints at rate cuts. WTI crude reached $79.73/barrel, reflecting monetary policy's impact on commodity markets.
Microsoft's Software Engineer Reveals Copilot AI Tool Generated Disturbing AI Images During Testing
Despite reporting the disturbing images generated by Copilot Designer during testing, Microsoft's response fell short, leading Jones to escalate concerns to the Federal Trade Commission and Microsoft's board of directors.
Biden Administration Proposes $8 Credit Card Late Fee Cap, Industry Warns of Higher Interest
Biden's proposed $8 cap on credit card late fees aims to relieve consumer burden, but the industry warns of potential interest rate hikes and unintended consequences.