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L.A. County sues Roblox, alleges platform makes it easy for adults to target children

L.A. County sues Roblox, alleges platform makes it easy for adults to target children

Los Angeles County filed a civil lawsuit against Roblox, alleging that the platform markets itself as a gaming experience for children but has created a ‘largely unsupervised online world’ that allows adults to mingle with

Business
CFTC chief sides with prediction markets over state regulators in a high-stakes court case

CFTC chief sides with prediction markets over state regulators in a high-stakes court case

The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets. CFTC Chairman Michael Selig said Tuesday in a video posted on X that

Business
Justice Department’s antitrust chief says she’s leaving, effective immediately

Justice Department’s antitrust chief says she’s leaving, effective immediately

The head of the Justice Department’s antitrust unit said Thursday she is leaving the role, effective immediately, at a critical moment for corporate mergers in America. Gail Slater, the assistant attorney general in charge of

Business
Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets

Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets

CHICAGO — Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets. At least one Kalshi trader filed

Business
Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds. The bankruptcy filing marks the

Business
Landmark trial accusing social media companies of addicting children to their platforms begins

Landmark trial accusing social media companies of addicting children to their platforms begins

LOS ANGELES — The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements for the first, in

Business
Trump administration alleges Nike discriminated against white workers

Trump administration alleges Nike discriminated against white workers

The U.S. Equal Employment Opportunity Commission said Wednesday that it is investigating Nike for allegedly discriminating against white workers. The agency that polices discrimination in the workplace filed an action in federal court in Missouri

Business
The architect of Amazon’s supply chain on running a startup with your spouse

The architect of Amazon’s supply chain on running a startup with your spouse

For at least two decades, former Amazon executive Dave Clark ended his work week the same way: a standing Friday date night with his wife, Leigh Anne. Over dinner, the Clarks would talk through the

Business
Elon Musk’s SpaceX acquires xAI

Elon Musk’s SpaceX acquires xAI

SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies owned by Elon Musk. Musk in a news release said that the

Business
Amazon slashes another 16,000 jobs

Amazon slashes another 16,000 jobs

Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon,