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A US judge declined to block Meta Platforms' (META.O) layoff plan in a novel AI-discrimination lawsuit.

2026-07-18

A US judge declined to block Meta Platforms' (META.O) layoff plan in a novel AI-discrimination lawsuit.

Other News
2026-07-18

Markets are increasingly doubting prior certainties, a dynamic amplifying the current equity decline. The S&P 500 fell 1.6% this week, the Nasdaq Composite dropped 2.9% and the Nasdaq-100 lost 2.7%, putting July on track to be the worst in over 20 ye

Markets are increasingly doubting prior certainties, a dynamic amplifying the current equity decline. The S&P 500 fell 1.6% this week, the Nasdaq Composite dropped 2.9% and the Nasdaq-100 lost 2.7%, putting July on track to be the worst in over 20 years. The Philadelphia Semiconductor Index is down about 20% from its June 22 peak and entered bear-market territory on Friday. Asian pain is visible: KOSPI is off more than 25% and Japan’s Nikkei 225 plunged 4% on Friday, entering a technical correction. The sell-off lacks a single clear catalyst; cited drivers include concerns that chip-sector gains in 1H ran too far, large tech borrowing to fund capex plans, and persistent macro uncertainty under new Fed policy. BTIG chief market technical analyst Jonathan Krinsky warned a summer-style correction similar to 2024 could push the S&P 500 below its 200-day moving average at 6,983 points. If that occurs, semiconductors would likely weaken further and recent breadth trades and the Magnificent Seven could stall and turn down. Market action appears to be moving in that direction despite the absence of an obviously dangerous headline.
2026-07-18

People familiar with the matter said Apple is in early settlement talks with the U.S. Department of Justice over a 2024 antitrust suit alleging Apple monopolized the smartphone market, harmed smaller rivals and pushed up prices. Apple and the DOJ did

People familiar with the matter said Apple is in early settlement talks with the U.S. Department of Justice over a 2024 antitrust suit alleging Apple monopolized the smartphone market, harmed smaller rivals and pushed up prices. Apple and the DOJ did not immediately respond to requests for comment. Sources said talks are active but no agreement is guaranteed; Apple has submitted multiple proposals to resolve the case. It is unclear whether the 15 state attorneys general that joined the DOJ suit are engaged in parallel negotiations.
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