Trade groups on behalf of Meta Platforms Inc (NASDAQ: META) and Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google urged the U.S. Supreme Court to overturn a Texas law that would sharply restrict the editorial control of social media companies. NetChoice LLC and the Computer & Communications Industry Association contended the Texas law violated the amendment by forcing social media companies to share harmful speech and subjecting them to spam and bullying, Bloomberg reports. Also Read: Faceboo Read More...
Reuters
Debt-laden Italy lashes out at ‘crazy’ ECB after rate hike
Italian ministers lashed out at the European Central Bank on Friday, labelling as “baffling” and “crazy” a decision to hike borrowing costs that raised the financial pressure on one of the euro zone’s most indebted countries. Three senior ministers took aim after the ECB on Thursday, raised its benchmark rate by 50 basis points as widely expected, and signalled further increases ahead while laying out plans to reduce its bond purchases. As that message drove Italian borrowing costs higher on financial markets on Friday, policymakers at the bank lined up to reinforce expectations that euro zone rates would continue to rise in an effort to tame stubbornly high inflation.
