Morgan Stanley’s wealth-management arm is being scrutinized by the Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from laundering money. The…
Tag: general news
‘Meta’s Deception’ About Instagram’s Harmful Qualities Alleged in Massachusetts Suit
Meta Platforms Chief Executive Mark Zuckerberg repeatedly dismissed warnings from senior company officials that its flagship social-media platforms were harming young users, according to unsealed allegations in a lawsuit filed by Massachusetts….
Eli Lilly gets FDA approval for new obesity drug
The U.S. Food and Drug Administration on Wednesday approved Eli Lilly & Co.’s LLY, +2.49% obesity drug Zepbound, which in clinical trials helped patients lose up to 48 pounds on average. The…
Since When Do Millennials Love to Sew?
THIS SEPTEMBER, Colin Meredith, a 29-year-old in Vancouver, Canada, went on a six-day camping trip with his brother. Surviving a week in the Canadian wilderness, especially with a sibling, calls for fortitude….
Meta to Require Campaigns to Disclose AI-Altered Political Ads
Meta Platforms on Wednesday announced that it will require advertisers to disclose when they run political ads with media that has been digitally altered by artificial intelligence or other software ahead of…
Amazon offers Prime members primary care for $9 a month
Amazon.com Inc. AMZN, -0.60% said Wednesday that it will offer Prime members primary care for $9 a month through its healthcare business One Medical. The new One Medical membership includes unlimited round-the-clock…
Cruise Recalls Driverless Vehicles Over Software Issue
Cruise, the self-driving vehicle unit of General Motors, has issued a voluntary software recall after Californian regulators suspended the company’s license to operate in the state following an accident that left a…
American support for marijuana legalization edges up to 70% from 68%
About 70% of Americans think marijuana use should be legal, after holding steady at 68% for three years, according to Gallup polling data released Wednesday. Since crossing the 30% mark in 2000,…
Cooks Beware: Olive Oil Is Getting a Lot More Expensive
Listen to article (2 minutes) L’ALBI, Spain—Just off Central Park, chefs at one of New York’s hottest Italian restaurants are pondering how to handle surging prices for a vital ingredient: olive oil….
Citi to Pay $25.9M For Discriminating Against Armenian-American Credit Card Applicants
Citigroup will pay $25.9 million in fines and redress to consumers after illegally discriminating against credit card applicants that the bank identified as Armenian American, according to the Consumer Financial Protection Bureau….