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Nortwest Arkansas Democrat Gazette - National Business icon

Nortwest Arkansas Democrat Gazette - National Business

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Appeal by social platforms rejected
A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok and Snap Inc.'s Snapchat over claims they designed their products to be addictive to young users.

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$34.5B Charter-Cox deal nears end
LOS ANGELES -- Spectrum owner Charter Communications is nearing the finish line in its long-awaited $34.5 billion purchase of Cox Communications to form the nation's largest internet and cable television company.

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US extends waiver to allow oil transport
President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic maritime industry, the White House said.

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US stock market dips down as oil prices rise again
NEW YORK -- The U.S. stock market edged down from its all-time high on Monday, while oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again.

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Lambda sells leveraged loan to finance Nvidia chip deal
Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is selling a leveraged loan to finance a chip deal as the risky debt market becomes a new front in the borrowing binge to finance the artificial intelligence build-out.

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