South Korea fines Meta $15 million for illegally collecting information on Facebook users

SEOUL, South Korea — South Korea’s privacy watchdog on Tuesday fined social media company Meta 21.6 billion won ($15 million) for illegally collecting sensitive personal information from Facebook users, including data about their political views and sexual orientation, and sharing it with thousands of advertisers. It was the latest in a series of penalties against…

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Apple and Goldman Sachs must pay $89 million for mishandling Apple Card transactions, CFPB orders

NEW YORK — A federal regulator on Wednesday ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers and mishandled transaction disputes of Apple Card customers. The Consumer Finance Protection Bureau orders point to “customer service breakdowns and misrepresentations” around Apple and Goldman’s credit card partnership. Apple failed to send tens…

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Elon Musk commits $70 million to boost Donald Trump

WASHINGTON — WASHINGTON (AP) — Elon Musk, a tech mogul who is the world’s richest person, plunged more than $70 million into helping Donald Trump and other Republicans win in November’s election, making him one of the biggest donors to GOP causes this campaign season, according to campaign finance disclosures released this week. Musk made…

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Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips

WASHINGTON — The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips and its factory in Marcy, New York. Wolfspeed’s use of silicon carbide enables the computer…

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