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Google facing a new antitrust probe in Europe over content it uses for AI

Google facing a new antitrust probe in Europe over content it uses for AI

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By KELVIN CHAN

LONDON (AP) — Google faces fresh antitrust scrutiny from European Union regulators, who opened an investigation Tuesday into the company’s use of online content for its artificial intelligence models and services.

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The latest regulatory flexing by Brussels risks antagonizing President Donald Trump’s administration, though EU officials denied they were singling out American Big Tech companies.

The European Commission, which is the 27-nation bloc’s top antitrust enforcer, said it’s examining whether Google has breached competition rules through its use of content from web publishers and material uploaded to YouTube for AI purposes. read more

US job openings barely budged in October, coming in just below 7.7 million

US job openings barely budged in October, coming in just below 7.7 million

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By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — U.S. job openings barely budged in October, coming in at 7.7 million with ongoing uncertainty over the direction of the American economy.

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The Labor Department reported Tuesday that employers posted 7.67 million vacancies in October, close to September’s 7.66 million.

The Job Openings and Labor Turnover Survey (JOLTS), which was delayed by the extended government shutdown, also showed that the layoffs rose to almost 1.9 million, most since January 2023. And the number of people quitting their jobs — a sign of confidence in the labor market — fell in October, suggesting that “businesses seeking to control labor costs will have to pivot to active layoffs, lifting unemployment, rather than rely on natural attrition,” Samuel Tombs, chief U.S. economist at Pantheon, wrote in a commentary. read more

5 Financial to-dos before the end of 2025

5 Financial to-dos before the end of 2025

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MARGARET GILES and CHRISTINE BENZ of Morningstar

As 2025 winds down, here are some moves to help you finish the year strong financially. Morningstar’s director of personal finance and retirement planning, Christine Benz, discusses strategies.

This interview has been edited for length and clarity.

Benefits of Rebalancing Your Portfolio

Q: What are the benefits of portfolio rebalancing, and who most needs to do it?

A: The main benefit of rebalancing is risk reduction. You trim securities that have performed really well, presumably ones with higher valuations today. And you redirect the money into securities where returns have lagged, but valuations might be more attractive. It’s also important to rebalance on an ongoing basis as you get closer to your spending target.

As retirement approaches, we need to spend that money, so you want to de-risk your portfolio and build safer asset reserves. Investors age 50 and above really need to take notice of rebalancing. It’s time to take some winnings and build safer assets that you could access if you needed to spend from your portfolio. Moving money into high-quality bonds removes risk and takes advantage of current attractive yields. read more

Wall Street drifts near its record high as Exxon Mobil climbs

Wall Street drifts near its record high as Exxon Mobil climbs

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By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks are drifting on Tuesday as Wall Street waits to hear what the Federal Reserve will say on Wednesday about where interest rates are heading.

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The S&P 500 rose 0.1%, coming off just its second loss in the last 11 days, and pulled closer to its all-time high set in October. The Dow Jones Industrial Average was down 89 points, or 0.2%, as of 12:49 p.m. Eastern time, and the Nasdaq composite was 0.2% higher.

Exxon Mobil was one of the strongest forces lifting the market. It climbed 2.5% after increasing its forecast for profit over the next five years, thanks in part to strength for its fields in the Permian basin in the United States and off Guyana’s shore. read more

SpaceX national security mission marks last use of Canaveral’s landing zones

SpaceX national security mission marks last use of Canaveral’s landing zones

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SpaceX sent up its second launch in less than 24 hours on the Space Coast on Tuesday afternoon, while also bringing home its booster for the last time on a landing zone it has been leasing for the last 10 years.

A Falcon 9 rocket lifted off on the NROL-77 mission with a classified satellite for the National Reconnaissance Office from Cape Canaveral Space Force Station’s Space Launch Complex 40 at 2:16 p.m.

This was the fourth launch of the first-stage booster, which made a recovery at Canaveral’s Landing Zone 2.

SpaceX had warned the land recovery could bring one or more sonic booms to parts of Central Florida.

The warning was part of the same standard plans SpaceX plans to use for future Starship and Super Heavy launches, which promise to bring more powerful versions of the loud and rattling pressure change as the massive spacecraft’s booster, as well as upper stage, breaks the sound barrier upon returns to the launch site. read more