Meta is in court against monopoly claims
The US Federal Trade Commission’s (FTC) lawyer on Thursday asked Facebook CEO Mark Zuckerberg to remember the time when FTC had accused Facebook of locking out other companies following its acquisition of photo-sharing service Instagram. “When you were the CEO of Instagram,” Matheson asked Zuckerberg. “We were locked out of Instagram for a year…[and] I didn’t even have an account,” Zuckerberg replied.
The disclosure shows how sensitive the labor data may have been
US’ National Labor Relations Board (NLRB) didn’t allow its independent office DOGE the access to its computer system, a whistleblower said. The data could be abused by private companies, including Elon Musk-led SpaceX, he added. As per the whistleblower, DOGE employees demanded the highest level of access, what are called “tenant owner level” accounts inside the agency’s computer systems.
Republicans are at risk of tariffs like no other
The US has experienced recessions every 7.4 years since the end of World War II, according to the National Bureau of Economic Research. US Treasury Secretary Scott Bessent, in an interview with NBC’s ‘Meet the Press’ on Sunday, downplayed concerns about a recession, saying that there is no reason why we need to price in a recession after the March jobs report.
How car companies are reacting to Trump’s tariffs is a topic that will be covered in this article
Volvo is looking into increasing its US production and possibly bringing new models to its factory in Ridgeville, South Carolina. The statement by the company said it’ll cover the tariffs for the Roma, and SF90 Stellantis’ North American Chief Operating Officer said in an email to employees on Thursday that the immediate layoffs and production pauses are necessary given the current market dynamics.
He had a deal with Trump that was killed by tariffs
US Representative Ed Markey has said that President Donald Trump’s delay to the sale-or-ban deadline for TikTok is against law. “If…there is a deal…that can be used to delay the law as is written, it would be beneficial to keep your TikTok app updated,” Markey added. Earlier, Trump had signed a order stating that he wouldn’t impose penalties on TikTok for violating the law.
We now have a trade war with the world
The cost of supply chains and manufacturing facilities in the US would be more expensive than the effects of tariffs, even if Apple did choose to make the iPhone there, a report said. Stellantis said it’s considering increasing production in the US including bringing new models to its factory in Ridgeville, South Carolina, the CEO said.
A microsoft employee makes a statement on the 50th anniversary
A Microsoft employee has signed a petition calling for the software giant to stop selling technology to the Israeli military. “I joined Microsoft believing in its mission to ’empower every person’ and every organisation on the planet to achieve more,” the employee wrote. “If you must continue to work at Microsoft, I urge you to use your position…to hold Microsoft accountable to its own values,” he added.
Nintendo is postponing the release of Switch 2 due to tariffs
Nintendo has announced that the preorders for the Nintendo Switch 2 won’t begin on April 9. The preorders had been set to begin on April 6 but were pushed back due to concerns about US President Donald Trump’s newly announced tariffs. Nintendo said that the preorders will not begin on April 9 due to concerns about Trump’s new tariffs.
Trump’s economists have an answer on how much tariffs will raise prices
China said that it has lodged a WTO dispute complaint against the US, alleging that President Donald Trump’s tariffs on Chinese goods are discriminatory and violate WTO rules. China added 16 new US entities to an export control list, banning them from acquiring Chinese products designated as “dual use” for civilian and military purposes. Earlier, Trump announced 10% tariffs on virtually all imports from China.
How new tariffs will affect small retailers
US President Donald Trump has announced tariffs on $50 billion worth of Chinese goods, including iPhones and washing machines, in response to Beijing’s alleged manipulation of the Chinese market. Trump has said that the tariffs will reduce Americans’ spending on Chinese goods by $294 billion. The US has already threatened to impose tariffs on $250 billion worth of Chinese goods.