EU fines Meta over abusive practices benefiting Facebook Marketplace

EU fines Meta over abusive practices benefiting Facebook Marketplace

Meta, the parent company of social networking site Facebook, has faced calls to do more about financial scams on its platforms. Artur Widak | Nurphoto via Getty Images The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report … Read more

Trade Tracker: Steve Weiss buys Bitcoin

Trade Tracker: Steve Weiss buys Bitcoin

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC’s “Halftime Report” to discuss why he is buying Bitcoin. Source link

Advance Auto Parts shutting 500 stores, cutting jobs amid sluggish demand

Advance Auto Parts shutting 500 stores, cutting jobs amid sluggish demand

Advance Auto Parts said Thursday it will close about 500 stores by mid-2025 and cut some jobs under a restructuring effort, as demand for vehicle parts takes a hit from fewer consumers opting to repair their cars. Shares of the auto parts retailer were up about 2% despite also reporting a surprise third-quarter adjusted loss of 4 cents per share. Analysts on average were expecting a profit of 49 … Read more