Business

Meta Platforms, Inc. has announced plans to leverage data from user interactions with its AI chatbot to enhance the personalization of advertisements and content on its platforms. This strategic move aims to refine user experience by tailoring ads and content based on conversational insights.

Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, concluding a two-year dispute over allegations that the company misled consumers into enrolling in its Prime subscription service and subsequently complicated the cancellation process.

President Donald Trump is poised to sign an executive order on Thursday, facilitating the sale of TikTok's US assets to a consortium of predominantly American investors. However, the transaction remains contingent upon regulatory approvals from both the United States and China.

A recent study by Google reveals a significant increase in the use of artificial intelligence among technology professionals, with 90% of workers now employing AI for tasks like coding, marking a 14% rise from the previous year.

Grocery prices surged last month at their most rapid rate in three years, driven by tariffs imposed by the Trump administration, a stringent immigration crackdown, and adverse weather conditions. These factors have disproportionately affected low- and middle-income Americans, altering their shopping habits and intensifying economic stress.

The United States is poised to gain control over TikTok's algorithm as part of the acquisition of the app's US operations, with a deal anticipated to be finalized imminently. Oracle is set to oversee data and privacy management for TikTok within the United States.

The unemployment rate for Black workers has climbed to 7.5% in August, marking its highest point since October 2021. This increase is seen as a potential indicator of an economic downturn, with significant repercussions for Black communities and small businesses reliant on Black consumer spending.

Professional tennis player Sachia Vickery has turned to OnlyFans to supplement her income during a shoulder injury, achieving substantial earnings in a brief timeframe despite prevalent misconceptions about the platform.

Target CEO Brian Cornell is stepping down after 11 years at the helm, amidst declining sales and criticism over the company's rollback of diversity, equity, and inclusion initiatives. Michael Fiddelke, currently the Chief Operating Officer, will assume the role on February 1, 2026.

McDonald's has announced a 15% reduction in the prices of its combo meals, alongside the introduction of a $5 breakfast deal and an $8 Big Mac and McNugget special. This move comes as the company addresses consumer concerns regarding the rising costs of its menu items.