Ford has been losing billions on its electric vehicle ambitions for years, so the company has switched gears. Instead of making high-end EVs that cost a lot more than its gas-powered and hybrid offerings, Ford decided to go the other way and target EVs that are affordable. It's a strategy that has ...

More News

Market

US court orders Meta to pay $567m to address harms to young people

Yahoo2026.08.07

A US court on Thursday ordered Facebook parent company Meta to pay $567 million to address harms to young people from its platforms. New Mexico Judge Bryan Biedscheid ruled Meta's platforms were a "public nuisance" and that the company had engaged in an activity that "injures the public health, safety, and welfare" in New Mexico.

More News

Tech

Meta ordered to pay $567 million into abatement fund as remedy to child harms case in New Mexico

CNBC2026.08.07

A judge in New Mexico ordered Meta to pay $567 million into an abatement fund after a jury ruled the company violated the state’s unfair practices act.