FCC Bans Foreign-Made Wireless Routers

Meta Settles With US States For $16.7 Billion Over Social Media Harms To Children Meta Platforms has reached a $16.7 billion settlement to resolve a landmark claim brought by several states that the company designed Instagram and Facebook to addict children, improperly collected children's personal data, and misled consumers about their safety.  The deal was in a Wednesday court filing in California after a lawsuit was brought by 29 states - with attorneys for  Colorado, California, New Jersey and Kentucky - leading the group. The states argued that features like infinite scroll were purposely engineered...

The Crypto Risk No One Is Discussing  Submitted by QTR's Fringe Finance With bitcoin hovering near $65,000, down about 50% over the last year, the mood across crypto has become increasingly subdued lately. For most of the 2020s, cryptocurrency transformed from a niche financial experiment into a major political issue. What began as a technology debate evolved into a cultural and ideological battleground, with Republicans increasingly positioning themselves as defenders of digital assets and free markets while Democrats often emphasized consumer protection, financial oversight, and regulatory scrutiny. Aside from worrying about adoption, quantum...

US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates With the Spring selling season already in tatters, existing home sales were expected to rebound in April very modestly (+2.0% MoM) off recent record lows. However, the rebound was far less than expected, up just 0.2% MoM, which left sales of existing homes unchanged YoY... Source: Bloomberg Total existing home sales SAAR hover just above 4.00 million homes... Source: Bloomberg The NAR report showed the median selling price rose 0.9% from a year earlier to $417,700 last month - the highest for any...