December 20, 2024

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Bluesky Enhances Verification and Introduces New Features

Key Points Bluesky now reserves .bsky.social usernames after domain-based identity verification to prevent impersonation. The platform tightened its impersonation policies following a significant influx of users. Parody, satire, and fan accounts must clearly label their purpose in usernames and bios....

Latest December 20, 2024

US Consumer Spending Rises in November Amid Economic Resilience

Key Points Strong demand drove November's increase in U.S. consumer spending, which rose 0.4%. Core inflation rose 0.1%, marking the smallest monthly increase since May. The U.S. economy grew at a 3.1% annualized rate in the third quarter. Labor market strength and wage growth are supporting consumer spending. The Federal Reserve cut interest rates and...

Italy Fines OpenAI €15 Million for Data Privacy Violations in ChatGPT

Key Points Italy fined OpenAI €15 million for improper use of personal data in ChatGPT. The regulator cited a lack of legal basis and inadequate transparency as primary violations. OpenAI plans to appeal, calling the penalty “disproportionate.” OpenAI must run a six-month awareness campaign on its data practices in Italy. GDPR rules enable penalties of...

European Stocks See Worst Week in Three Months Amid Trade and Rate Concerns

Key Points European shares had their worst week in three months, driven by tariff fears and rate concerns. The STOXX 600 fell 1.1%, marking its largest weekly decline since September. U.S. President-elect Trump’s tariff threats over EU trade deficit spooked markets. Key sectors like banks, aerospace, and mining saw losses of up to 1.7%. Swiss...