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Social media users lack control over data used by AI, US FTC says

UPDATE 1-Social media users lack control over data used by AI, US FTC says Adds comment in paragraphs 4-5, 12-13 By Jody Godoy Sept 19 (Reuters) - Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems incorporating artificial intelligence, the U.S.
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Legal Fee Tracker: Google, privacy lawyers clash over $217 million fee bid

Legal Fee Tracker: Google, privacy lawyers clash over $217 million fee bid By David Thomas Sept 19 (Reuters) - After more than four years of litigation, one sticking point remains in a sprawling lawsuit over Google's alleged secret tracking of millions of Americans' internet browser use. But it's a big one. A federal judge in California is poised to rule on a petition by the plaintiffs' lawyers at Boies Schiller Flexner, Morgan & Morgan and Susman Godfrey for Google to pay them $217 million in l
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Republican states balk at Google privacy settlement in US appeal

UPDATE 1-Republican states balk at Google privacy settlement in US appeal Adds comment from Iowa's attorney general in paragraph 6 By Mike Scarcella Sept 19 (Reuters) - A group of Republican state attorneys general on Wednesday urged a U.S. appeals court to reject a $62 million consumer privacy settlement with Google GOOGL.O that awards money to the plaintiffs’ lawyers and to advocacy groups, but not to class members.
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Republican states balk at Google privacy settlement in US appeal

Republican states balk at Google privacy settlement in US appeal By Mike Scarcella Sept 19 (Reuters) - A group of Republican state attorneys general on Wednesday urged a U.S. appeals court to reject a $62 million consumer privacy settlement with Google GOOGL.O that awards money to the plaintiffs’ lawyers and to advocacy groups, but not to class members.
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OECD still sees '100% commitment' to finalise global tax pact

OECD still sees '100% commitment' to finalise global tax pact PARIS, Sept 19 (Reuters) - The Organisation for Economic Cooperation and Development (OECD) still sees total commitment from countries seeking to wrap up a global tax pact on highly profitable multinationals, its head of tax said, after months of delays and hesitation by some big countries.
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Wall St gears up for rally after Fed kicks off easing cycle

US STOCKS-Wall St gears up for rally after Fed kicks off easing cycle For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. BofA expects Fed to go for 75-bp cut in Q4 US big banks rise after Fed's jumbo rate cut Weekly jobless claims stand at 219,000 Futures up: Dow 1.13%, S&P 500 1.58%, Nasdaq 2.14% Updated at 8:36 a.m.
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Social media users lack control over data used by AI, US FTC says

Social media users lack control over data used by AI, US FTC says By Jody Godoy Sept 19 (Reuters) - Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems incorporating artificial intelligence, the U.S. Federal Trade Commission said in a report released on Thursday.
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BlackRock’s $30 bln AI fund is Big Tech’s backstop

RPT-BREAKINGVIEWS-BlackRock’s $30 bln AI fund is Big Tech’s backstop The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Sept 18 (Reuters Breakingviews) - Governments facing a budget squeeze can’t just stop providing roads and airports, so they turn to BlackRock BLK.N and other deep-pocketed investors to help finance construction.
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Futures jump as growth stocks lead gains after Fed cuts rates

US STOCKS-Futures jump as growth stocks lead gains after Fed cuts rates For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. BofA expects Fed to go for 75-bp cut in Q4 US big banks rise after Fed's jumbo rate cut Futures up: Dow 1.1%, S&P 500 1.6%, Nasdaq 2.07% Updated at 7:17 a.m. ET/1117 GMT By Johann M Cherian and Purvi Agarwal Sept 19 (Reuters) - U.S.
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Google buys carbon removal credits from Brazil startup, joining Microsoft

Google buys carbon removal credits from Brazil startup, joining Microsoft By Gabriel Araujo SAO PAULO, Sept 19 (Reuters) - Alphabet GOOGL.O unit Google has agreed for the first time ever to purchase nature-based carbon removal credits from a Brazilian startup, its first engagement with carbon projects in the South American country. Google will buy 50,000 metric tons of carbon removal credits by 2030 from Mombak, which purchases degraded land from farmers and ranchers or partners with them to rep
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Fed rate cut boosts futures as growth stocks lead gains

US STOCKS-Fed rate cut boosts futures as growth stocks lead gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.96%, S&P 500 1.34%, Nasdaq 1.82% Sept 19 (Reuters) - U.S. stock index futures surged on Thursday, with those tracking the Nasdaq climbing nearly 2% following the Federal Reserve's move to start its easing cycle with a half a percentage point cut, aiding a soft landing for the world's biggest economy.
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Tech stocks lead broad rally as investors cheer Fed's jumbo rate cut

BUZZ-Tech stocks lead broad rally as investors cheer Fed's jumbo rate cut ** Shares of heavyweight tech stocks jump in premarket trade , a day after the Federal Reserve delivered a larger than usual 50 bps rate cut ** Futures tied to the tech-heavy Nasdaq 100 NQcv1 gain ~2%, while S&P futures EScv1 rise 1.5% to a record high ** Apple AAPL.O , Meta Platform META.O , Microsoft MSFT.O , Nvidia NVDA.O , Amazon.com AMZN.O and Alphabet GOOGL.O rise between 1.7% and 2% ** AMD AMD.O and Broadcom AVGO.O
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Vietnam's top leader Lam to visit US, Cuba next week

UPDATE 1-Vietnam's top leader Lam to visit US, Cuba next week Updates with new start date for trip in paragraph 3 HANOI, Sept 19 (Reuters) - Vietnam's president and ruling Communist Party chief To Lam will pay a working visit to the United States next week and participate in the 79th Session of the United Nations General Assembly in New York, t he government said on Thursday .
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Vietnam's top leader Lam to visit US, Cuba next week

Vietnam's top leader Lam to visit US, Cuba next week HANOI, Sept 19 (Reuters) - Vietnam's president and ruling Communist Party chief To Lam will pay a working visit to the United States next week and participate in the 79th Session of the United Nations General Assembly in New York, according to a government statement. After that, Lam will pay an official visit to Cuba, Vietnam's long-term communist partner.
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Waymo in talks with Hyundai Motor to produce self-driving taxis, media report says

UPDATE 1-Waymo in talks with Hyundai Motor to produce self-driving taxis, media report says Add Zeekr comment in paragraph 5 SEOUL, Sept 19 (Reuters) - Alphabet's Waymo GOOGL.O is in talks with South Korea's Hyundai Motor 005380.KS to outsource manufacturing of its self-driving vehicles, South Korean newspaper, Electronic Times, reported. Officials at Waymo and Hyundai Motor have met more than three times to discuss a plan to use Hyundai's Ioniq 5 electric vehicles for Waymo's sixth-generation s
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Waymo in talks with Hyundai Motor to produce self-driving taxis, media report says

Waymo in talks with Hyundai Motor to produce self-driving taxis, media report says SEOUL, Sept 19 (Reuters) - Alphabet's Waymo GOOGL.O is in talks with South Korea's Hyundai Motor 005380.KS to outsource manufacturing of its self-driving vehicles, South Korean newspaper, Electronic Times, reported. Officials at Waymo and Hyundai Motor have met more than three times to discuss a plan to use Hyundai's Ioniq 5 electric vehicles for Waymo's sixth-generation self-driving technology, the report said, a
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US Senate committee questions tech executives about election threats

US Senate committee questions tech executives about election threats By Katie Paul NEW YORK, Sept 18 (Reuters) - U.S. lawmakers questioned tech executives on Wednesday about their preparations for battling foreign disinformation threats ahead of elections in November, with both the senators and executives identifying the 48 hours around Election Day as the most vulnerable time.
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TelevisaUnivision replaces CEO; source cites lagging results

UPDATE 2-TelevisaUnivision replaces CEO; source cites lagging results Recasts on confirmation of replacement, company statement By Cassandra Garrison MEXICO CITY, Sept 18 (Reuters) - TelevisaUnivision, a Mexican-American media company that combines content from two of the largest Spanish-language broadcasters, said on Wednesday it replaced its chief executive Wade Davis.
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Google offered to sell part of ad tech business, not enough for EU publishers, sources say

EXCLUSIVE-Google offered to sell part of ad tech business, not enough for EU publishers, sources say Adds context in paragraph 5 about US case EU publishers rejected Google's offer to sell AdX as insufficient Google's ad tech business under EU scrutiny after complaint from European Publishers Council EU may for now order Google to stop anti-competitive practices instead of divesting assets By Foo Yun Chee, Jody Godoy BRUSSELS/NEW YORK, Sept 18 (Reuters) - Alphabet's GOOGL.O Google took a major s
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Google offered to sell part of ad tech business, not enough for EU publishers, sources say

EXCLUSIVE-Google offered to sell part of ad tech business, not enough for EU publishers, sources say Adds Google comment in paragraph 6, European Commission declines comment in paragraph 7 By Foo Yun Chee and Jody Godoy BRUSSELS/NEW YORK, Sept 18 (Reuters) - Alphabet's GOOGL.O Google took a major step this year to end an EU antitrust investigation with an offer to sell its advertising marketplace AdX but European publishers rejected the proposal, two people with direct knowledge of the matter sa
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