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CNBC’s Dominic Chu reports on the news affecting markets.

Texas sued Meta and WhatsApp, alleging the app misrepresented encryption and accessed private messages, claims Meta denies.

As Meta and Intuit cut headcount to fund AI, Korn Ferry thrives. See why KFY stock is a premier high-yield play on structural labor market disruption.

The largest U.S. IPOs tend to underperform the market, with a not-insignificant share of those stocks delivering negative returns..

Nvidia's dividend hike still offers a modest yield, reinforcing that mega-cap AI stocks are built for growth rather than income.

STORY: Texas is suing WhatsApp and parent firm Meta.The state says they misled consumers over the messaging app’s encryption and privacy standards.In a statement Thursday, Texas Attorney General Ken Paxton said “WhatsApp markets its services as secure and encrypted, but it does not deliver on those promises”.The lawsuit says users are given false assurance that their messages are encrypted, even though Meta and WhatsApp have access to “virtually all” private communications on the app.A Meta spokesman called the allegations “false”, and said that WhatsApp cannot access people’s encrypted messages.The suit seeks a court order barring access to Texans’ communications without their consent.It also demands monetary penalties.The legal action cites reports about a federal probe into claims that Meta had access to unencrypted WhatsApp messages.It also refers to a whistleblower report to U.S. financial watchdogs.Paxton’s office has previously filed similar claims against big companies, including one against Google.Last year the search giant agreed to pay $1.375 billion to settle claims that it violated users’ data privacy.

AOC called for an EPA probe into Meta's Georgia data center after residents reported murky drinking water and other well-related issues.

The Texas Attorney General’s Office on Thursday sued WhatsApp and its parent company Meta ‌Platforms Inc alleging they misled consumers about the strength and ‌scope of WhatsApp's encryption measures, which a Meta spokesman denied. The lawsuit in Harrison County ​court says WhatsApp and Meta falsely assure users that WhatsApp messages are encrypted despite having access to “virtually all” private communications on the messaging app. “WhatsApp markets its services as secure and encrypted, but it does not ‌deliver on those promises,” ⁠Texas Attorney General Ken Paxton said in a statement.

Project Gravity provides advertisers and data owners with a neutral platform that onboards and activates their first party data across Google DV360, The Trade Desk, Meta, TikTok, Amazon, Magnite, and many other Samba partnersSAN FRANCISCO, May 21, 2026 (GLOBE NEWSWIRE) -- Samba TV, the global leader in AI-driven media intelligence, today announced the formation of Project Gravity, a independent platform that provides data onboarding and activation. Project Gravity matches advertiser’s first part

HOUSTON, May 21, 2026--Halliburton Company (NYSE: HAL) announced today that its board of directors has declared a 2026 second quarter dividend of seventeen cents ($0.17) a share on the Company’s common stock payable on June 24, 2026, to shareholders of record at the close of business on June 3, 2026.

Global markets rally as investors continue to price in Middle East de-escalation.

(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De

Nvidia sits at the absolute peak of its operational power, shielded by its massive CUDA moat, but the macroeconomic and competitive tides are turning.

Boosted by accelerating first-quarter earnings and sales, Amazon stock has bounced back into buy range while flashing telltale clues.

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR

Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down SpaceX's (SPAX.PVT) finances ahead of its upcoming initial public offering (IPO).

Robin Thurston, CEO of Outside Inc., is building products, partnerships and experiences that get people off their devices and back outdoors.

Meta Platforms has been one of the weaker members of the Magnificent Seven. Its charts show things could be turning around.

The Breathitt County School District in Kentucky had sought over $60 million from Meta and other platforms over students' mental health

Shares of Intel (NASDAQ:INTC) are trading near $119 in Thursday afternoon action, essentially flat on the session, while Advanced Micro Devices (NASDAQ:AMD) stock hovers near $446, down only slightly. The headline today isn’t the tape; it’s the scoreboard year-to-date. Intel stock has returned 222% in 2026 so far, roughly twice AMD stock’s 108% gain. That’s ... Intel Has Doubled AMD’s 2026 Gains. Is It Time to Rebalance Your Chip Stocks?

Like most payment companies and banks, the stablecoin firm is lining up a suite of services for demand that hasn't quite materialized, but likely will – in some form.

Meta Platforms, Inc. (NASDAQ:META), featuring a net income margin of 39.36% and upside potential of 35.26%, secures a spot on our list of the best extremely profitable stocks to buy according to Wall Street analysts. The company reported net income of $60.46 billion for the recently completed fiscal year (FY25). Meta Platforms, Inc. (NASDAQ:META) is […]

Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat ‌a mental health crisis allegedly fueled by platforms. The agreement fully resolves a lawsuit brought by Breathitt County School District ‌in eastern Kentucky, following earlier settlements by co-defendants Alphabet's YouTube, Snap and TikTok. The case had been scheduled for a June 15 trial in federal court ​in Oakland, California.

Planet Fitness operates a hybrid franchise and corporate-owned gym model, serving value-focused fitness customers nationwide.

CoreWeave (NASDAQ:CRWV) has whipsawed investors with triple-digit revenue growth, a $99 billion backlog, and one of the heaviest capex profiles in the cloud sector. After a 14.58% pullback over the past month, the question is whether the AI hyperscaler discount has gone too far. Our 24/7 Wall St. price target for CoreWeave is $165.77, implying ... CoreWeave Scores Big With Meta — We See 66% Upside

Software giant becomes the index's biggest drag as Azure growth and $190 billion capex outlook weigh on sentiment.

https://x.com/andymstone/status/2057561553654964541

Wall Street has cheered almost every press release about AI infrastructure, with hyperscalers Microsoft, Google, Amazon, Meta, and Oracle, plus the Stargate joint venture, committing more than $1 trillion in announced data center spending. The Contradiction The market loves it. Local zoning boards do not. In Loudoun County, Tucson, central Ohio, and across rural Wyoming, ... $1 Trillion in Spending Has Been Defeated by an Almond

From factory floors to operating rooms, the future of work is getting a tech upgrade, but it won’t be how Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg imagined, reports trade publication Human Resources Director. Zuckerberg's Metaverse was supposed to transform...