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Meta, Snap Summoned by UK PM Over Online Child-Safety Measures","url":"https://stock-news.laohu8.com/highlight/detail?id=2627293374","media":"MT Newswires Live","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2627293374?lang=en_us&edition=fundamental","pubTime":"2026-04-16 16:52","pubTimestamp":1776329525,"startTime":"0","endTime":"0","summary":"Alphabet's  Google, Meta Platforms , and Snap  have been summoned by the UK prime minister to push for stronger measures to protect children online, the prime minister's office said Wednesday.Senior leaders from Meta, X, Snap, TikTok, and Google, which owns YouTube, will be questioned by Prime Minister Keir Starmer.The UK government is considering measures including a possible ban on social media use for under-16s and tighter controls on online features and artificial intelligence tools, Alliance News reported.Some companies have already introduced safeguards, but the prime minister said further 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DIGEST-New York Times business news - April 16","url":"https://stock-news.laohu8.com/highlight/detail?id=2627642261","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2627642261?lang=en_us&edition=fundamental","pubTime":"2026-04-16 14:19","pubTimestamp":1776320397,"startTime":"0","endTime":"0","summary":"PRESS DIGEST-New York Times business news - April 16April 16 (Reuters) - The following are the top stories on the New York Times business pages. 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and Other Companies Blame AI for Layoffs. Is It Just a Convenient Excuse? -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2627394702","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2627394702?lang=en_us&edition=fundamental","pubTime":"2026-04-16 00:52","pubTimestamp":1776271920,"startTime":"0","endTime":"0","summary":"Companies increasingly have been pinning mass layoffs on the use of artificial intelligence, just as many AI skeptics feared. Whether the technology is a reason or an excuse may be besides the point.AI was the leading reason U.S.-based employers cited for layoffs in March, according to data from outplacement consultancy Challenger, Gray & Christmas. AI accounted for 25% of layoffs tracked in March and 13% in the first quarter, up from just 5% throughout 2025.Snap became the latest high-profile name to slash jobs, laying off around 16% of its full-time workforce. In a letter to staff, CEO Evan Spiegel said \"rapid advancements in artificial intelligence\" had enabled more streamlined workflows.The social media company joined technology peers like Block, Atlassian, and Pinterest in citing AI in layoff announcements this year, but the trend goes beyond the tech sector. Dow Inc., the chemicals supplier, said in January it would cut around 4,500 workers and lean into AI and automation.Snap, 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The moves came after industry bellwether LVMH also flagged weakness earlier in the week. Hermès and Kering stock slumped in Paris.Snap : The Snapchat parent said it's slashing its global workforce by about 16%; shares jumped more than 4%.Broadcom : The chipmaker's shares climbed 3% after it expanded its partnership with Meta Platforms to provide the Facebook parent with more custom artificial-intelligence chips.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL 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shares rose 123% in Wednesday premarket activity, a day after the experiential entertainment company said it reached a mutual agreement with Knighted Pastures to resolve all outstanding matters.New Concept Energy  stock was up 25% after the company said overnight that it signed a subscription deal to sell 2 million of its common shares to Realty Advisors for at least $1 apiece.Snap  shares were up 11% after the company said it will cut about 16% of its global workforce, roughly 1,000 employees.GitLab  stock was up over 6%, a day after the company said it expanded its collaboration with Alphabet's  Google Cloud, allowing customers to use Google's Vertex AI models to power the GitLab Duo Agent 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