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Brazil's Supreme Court justices agree to make social media companies liable for user content

Brazil's Supreme Court justices agree to make social media companies liable for user content

Yahoo12-06-2025
The majority of justices on Brazil's Supreme Court have agreed to make social media companies liable for illegal postings by their users, in a landmark case for Latin America with implications for relations with the U.S. (AP Video: Lucas Dumphreys)
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Asian shares are mixed after days of gains driven by hopes for US rate cuts
Asian shares are mixed after days of gains driven by hopes for US rate cuts

San Francisco Chronicle​

time20 minutes ago

  • San Francisco Chronicle​

Asian shares are mixed after days of gains driven by hopes for US rate cuts

MANILA, Philippines (AP) — Asian shares were mixed on Thursday after days of gains driven by hopes for lower U.S. interest rates, while U.S. futures slipped. In Tokyo, the Nikkei 225 fell 1.4% to 42,657.94 as investors sold to lock in recent gains that have taken the benchmark to all-time records. The Japanese yen rose against the dollar after U.S. Treasury Secretary Scott Bessent said in an interview with Bloomberg that Japan was 'behind the curve' in monetary tightening. He was referring to the slow pace if increases in Japan's near-zero interest rates. Low interest rates tend to make the yen weaker against the dollar, giving Japanese exporters a cost advantage in overseas sales. The dollar fell to 146.55 Japanese yen early Thursday, down from 147.39 yen. The euro fell to $1.1703 from $1.1705. In Chinese markets, Hong Kong's Hang Seng index shed less than 0.1% to 25,597.85, while the Shanghai composite index gained 0.2% to 3,690.88. South Korea's Kospi slid 0.3% to 3,215.61, while Australia's S&P ASX 200 index added 0.5% to 8,871.80. Taiwan's TAIEX fell 0.4%, while India's Sensex edged 0.1% higher. 'Asian markets opened today like a party that ran out of champagne before midnight — the music still playing, but the dance floor thinning out,' Stephen Innes of SPI Asset Management said in a commentary. The futures for the S&P 500 and the Dow Jones Industrial Average were down less than 0.1%. On Wednesday, U.S. stocks ticked higher, extending a global rally fueled by hopes the Federal Reserve will cut U.S. interest rates. The S&P 500 rose 0.3% to 6,466.58, coming off its latest all-time high. The Dow climbed 1% to 44,922.27, while the Nasdaq composite added 0.1% to its own record set the day before, closing at 21,713.14. Treasury yields eased in the bond market in anticipation that the Fed will cut its main interest rate for the first time this year at its next meeting in September. Lower rates can boost investment prices and the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment, though they risk worsening inflation. Stocks of companies on Wall Street that could benefit most from lower interest rates helped lead the way. PulteGroup climbed 5.4%, and Lennar rose 5.2% as part of a broad rally for homebuilders and others in the housing industry. Lower rates could make mortgages cheaper to get, which could spur more buying. The cryptocurrency exchange company Bullish ended its debut day of trading after an initial public offering of more than $10 billion with a gain of nearly 84% to $68 a share. The hopes for lower interest rates are helping to drown out criticism that the U.S. stock market has broadly grown too expensive after its big leap since hitting a low in April. President Donald Trump has angrily been calling for cuts to help the economy, often insulting the Fed Chair Jerome Powell while doing so. But the Fed has hesitated of the possibility that Trump's sweeping higher tariffs could make inflation much worse. Fed officials have said they want to see more fresh data about inflation before moving. On Thursday, a report will show how bad inflation was at the wholesale level across the United States. Economists expect it to show inflation accelerated a touch to 2.4% in July from 2.3% in June.

Takeaways from AP's investigation into online school for incarcerated teens
Takeaways from AP's investigation into online school for incarcerated teens

Associated Press

time21 minutes ago

  • Associated Press

Takeaways from AP's investigation into online school for incarcerated teens

GAINESVILLE, Fla. (AP) — No matter the offense, states must educate students in juvenile detention. It's a complicated challenge, no doubt — and success stories are scarce. In Florida, where more than 1,000 students are in long-term confinement, the state last year put those kids' schooling online. That's despite strong evidence that online learning failed many kids during the pandemic. The state juvenile justice system contracted with the Florida Virtual School, one of the nation's oldest and largest online learning systems. State leaders were hoping Florida Virtual School would bring more rigorous, uniform standards across their juvenile justice classrooms. When students left detention, the theory went, they could have the option of continuing in the online school until graduation. But an AP investigation showed the online learning has been disastrous. 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Are countries getting a pass on their human rights records?

CNN

time36 minutes ago

  • CNN

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