States seek $1.4 trillion from Meta over social media addiction trial

Founder of Constellation Research Inc. Ray Wang discusses the volatile A.I. tech rally and Meta’s shifting compute strategy on ‘Making Money.’ Four states are seeking $1.4 trillion in penalties from Meta over claims that the social media giant designed Facebook and Instagram to be addictive to children and withheld information from the public about the harms the apps…

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Cause of French Quarter transformer fire under investigation | Business News

Entergy engineers on Monday were still working to determine the cause of a late-night French Quarter explosion that knocked out power and prompted evacuations to the area on Saturday, with workers focused on repairing and remediating an underground electrical vault damaged in the blast. The incident, which didn’t cause any injuries, occurred about an hour…

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Microsoft to cut 4,800 jobs as AI reshapes work, says layoffs aren’t replacing employees

Lesley Marks, Mackenzie Investments CIO of Equities, discusses the weakening momentum of some Magnificent Seven stocks. She notes that increased capital expenditures are impacting free cash flow, leading to equity issuance instead of buybacks. Microsoft said on Monday that it will eliminate roughly 4,800 jobs – or about 2.1% of its global workforce – as…

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