Microsoft to pay $20m for child privacy violations | BBC News

Microsoft will pay $20m (£16m) to US federal regulators after it was found to have illegally collected data on children who had started Xbox accounts.

The Federal Trade Commission (FTC) reached a settlement with the company on Monday, which also includes increased protections for child gamers.

Among other violations, the FTC found that Microsoft failed to inform parents about its data collection policies.

It follows a similar action against Amazon last week over its Echo devices.

The FTC said Microsoft violated the Children’s Online Privacy Protection Act by not properly getting parental consent and by retaining personal data on children under 13 for longer than necessary for accounts created before 2021.

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Oklahoma approves first US taxpayer-funded religious charter school | BBC News

An Oklahoma school board has approved what will be the first publicly funded religious charter school in the US.

The Oklahoma State Virtual Charter School Board approved the Catholic charter school by 3-2 in a vote on Monday.

The charter school would be run by the Catholic Archdiocese of Oklahoma City and the Diocese of Tulsa.

The state attorney general called the approval “unconstitutional” and warned it could lead to costly legal action.

A charter school is funded by taxpayers but independently managed. Charter schools are a small fraction of the US school system.

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The S&P 500 broke out above a key level. Now what? | CNN Business

The S&P 500 index on Friday closed at its highest level in almost a year. But that doesn’t mean that stocks are poised for a bull run just yet.

The broad-based index on May 26 closed above the 4,200 level for the first time since August 2022, when the market began to sell off and fell sharply to last year’s low of about 3,577 in October.

The S&P 500 ended last week up 1.8% at about 4,282, marking its best weekly gain since late March.

So, what caused the broad-based index to finally breach its level of resistance? The gains were powered by three key updates that investors cheered:

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There may be hundreds of millions of habitable planets in the Milky Way, new study suggests | Live Science

The sun is an ordinary star, but it’s not the only kind of star out there. Most stars in our galaxy are M dwarfs (sometimes called red dwarfs), which are significantly smaller and redder than the sun — and many of them may have the potential to host life, new research shows.

A new reanalysis of data from the planet-hunting Kepler mission shows that one-third of planets around M dwarfs may be suitable for life — meaning there are likely hundreds of millions of habitable planets in the Milky Way alone.

For the analysis, astronomers at the University of Florida incorporated new information from the European Space Agency’s Gaia satellite, which precisely measures the distances and motions of stars, to fine-tune measurements of exoplanets’ orbits. The researchers wanted to pin down a parameter of each orbit known as eccentricity, a measure of how stretched out the planet’s path around its star is.

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Pros and Cons of Stock Buybacks for Investors | AllBusiness.com

Public companies often buy back large blocks of their stock typically when share prices are low. During an economic downturn, stock buybacks usually boom. But it’s not always a big plus for individual investors. Here’s a look at some of the pros and cons of stock buybacks:

Pros of stock buybacks for investors

  • Boost in share prices: Stock buybacks can offer a short-term bonus for investors. The buyback means there are fewer shares trading on the public markets. This tends to strengthen the share price, so your shares may be worth more, at least in the short term.

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Tips for Wage Transparency Law | Business

Here’s how to stay compliant with new job posting requirements while avoiding workplace drama.

In the U.S., salary discussions have long remained a taboo subject. Now, not talking about it could cost you hundreds of thousands of dollars in fines.

On Nov. 1, 2022, New York City’s salary transparency law took effect. Other states, including California, are following suit with similar regulations. And while these laws might not yet affect you, it pays to prepare for changes as the pay transparency trend gathers steam across the country.

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Don’t update your Apple Watch unless you want this display bug | Digital Trends

Last week saw the launch of watchOS 9.5, a relatively small update for Apple Watches that added the Pride Celebration watch face as well as fixed a few unspecified bugs. However, the update seems to be causing an irritating display issue for many users.

Posted to the subreddits r/AppleWatch and r/watchOS, users are reporting that the update has added a noticeable green/gray tint to their screens that changes the colors of the display and makes the usually crisp OLED screen look washed out. You can see what it looks like in the photos below.

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US debt ceiling: Joe Biden urges Republicans to compromise as talks resume | BBC News

President Joe Biden and top Republican Kevin McCarthy are due to meet at the White House on Monday for talks on lifting the US debt ceiling.

The pair spoke on the phone on Sunday as the president was traveling back from the G7 summit in Japan.

The two sides remain at odds over budget cuts demanded by the Republicans as a condition for raising the ceiling.

The debt ceiling is a spending limit set by Congress that determines how much money the government can borrow.

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Montana just banned TikTok | TechCrunch

Montana Governor Greg Gianforte just signed the nation’s strongest restrictions on Chinese-owned social media app TikTok into law.

TikTok has faced mounting pressure in the U.S. from Congress and state legislatures alike in recent months, but Montana’s actions escalate those threats considerably, even if the issue of enforcement remains an open question.

“Today, Montana takes the most decisive action of any state to protect Montanans’ private data and sensitive personal information from being harvested by the Chinese Communist Party,” Gianforte said.

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Elon Musk Says Remote Work Is ‘Morally Wrong’ | Entrepreneur

If you’re reading this while working remotely, Elon Musk is judging you.

In a recent interview with CNBC, the tech CEO came down hard on work-from-home culture, saying he thinks it’s “morally wrong.”

Musk, who told Tesla workers last year to return to the office or “depart Tesla,” has long been vocal about his belief that people are more productive in person. However, on Tuesday, he said it’s not only about productivity, it’s also a “moral issue.”

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