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- Heat Kills Hundreds of Workers Each Year. A Postal Carrier Was One.
About half a dozen states explicitly protect workers from excessive heat. And some others, like Texas, prevent local governments from passing their own laws. [TheTopNews] Read More.24 mins ago - Bank of America unveils $250B initiative to modernize US infrastructure
Bank of America (BofA) is launching a $250 billion initiative to finance a broad buildout of U.S. infrastructure, including data centers, semiconductor facilities, power generation and transportation projects.The banking giant announced Wednesday that its Critical Infrastructure Finance Initiative will mobilize and deploy $250 billion through lending, investments, capital markets and advisory transactions over an 18-month period ending July 4, 2027.The effort comes as growing demand for computing power, electricity, manufacturing capacity and diversified supply chains drives infrastructure investment across the U.S. BofA said the initiative will focus on projects that strengthen energy security, technological leadership and long-term economic growth.WORLD CUP HELPED DRIVE STRONGEST CONSUMER SPENDING GROWTH IN FOUR YEARS DURING JUNE, BANK OF AMERICA SAYS"We are proud of our long history supporting the American economy. As America marks its 250th year, this initiative reflects our confidence in the country’s future and the investments that will shape it," said BofA Co-President Jim DeMare. "The infrastructure that powers our economy, strengthens our energy security and secures our technological leadership will drive growth, create jobs and define America’s next chapter."The initiative will target three broad areas: digital infrastructure, energy and power infrastructure, and core infrastructure.Digital projects can include data centers, computing hardware, chips, telecommunications and semiconductors. Energy investments can include conventional and renewable power generation, energy storage and distribution systems, while core infrastructure can include transportation, electric and energy transmission, grid optimization, water systems, critical minerals and mining.BOFA CEO BRIAN MOYNIHAN DISMISSES RECESSION FEARS DESPITE WALL STREET'S MOST HAWKISH FED FORECASTBank of America said investments supported by the initiative could help create tens of thousands of jobs across construction, manufacturing, technology and infrastructure operations.The bank also pointed to its workforce-development efforts. In 2025, Bank of America invested nearly $40 million in more than 730 workforce-development partners across 97 U.S. markets. Those organizations estimate the funding helped connect more than 90,000 people with employment opportunities and provided more than 290,000 people with access to training, education and career-readiness programs.Bank of America's Global Capital Solutions and Global Infrastructure & Sustainable Finance teams will lead the initiative, with support from all eight of the company's lines of business.CLICK HERE TO GET FOX BUSINESS ON THE GOThe $250 billion target will be measured based on eligible primary-market lending, investing, capital markets and advisory transactions between Jan. 1, 2026, and July 4, 2027. The bank said it will use a methodology consistent with its $1.5 trillion, 10-year sustainable… [TheTopNews] Read More.25 mins ago - Jaguar Land Rover owner Tata Group’s chairman to step down
Chandrasekaran said he would not seek reappointment when his term ends due to a lack of support from the Tata Sons board. [TheTopNews] Read More.35 mins ago - Young islanders concerned about their futureThe Medical Officer Health Report shows 36% of young people are certain they will leave the island. [TheTopNews] Read More.4 hours ago
- How affordable are Edinburgh’s festivals?The city is no stranger to complaints about soaring prices during August - but are costs on the rise? [TheTopNews] Read More.4 hours ago
- Meta, other companies must face thousands of lawsuits over child social media ad...A federal appeals court refused to dismiss thousands of lawsuits against Meta, Google, TikTok and Snapchat, allowing complaints alleging the platforms were designed to be addictive to young users to move forward.The Ninth U.S. Circuit Court of Appeals rejected an appeal by Meta and TikTok attempting to overturn a lower court ruling requiring the firms to face more than 3,000 lawsuits filed in federal court, ruling the companies appealed too early.The social media companies claimed that Section 230 of the Communications Decency Act of 1996 — which generally shields online platforms from being liable for content posted by their users — also prohibits lawsuits on allegations they failed to warn the public about the addictive design of their platforms.Section 230 has largely protected several companies from lawsuits regarding content posted on their platforms.NEW MEXICO COURT ORDERS META TO PAY $567M, OVERHAUL TEEN PROTECTIONS ON FACEBOOK AND INSTAGRAMMost appeals come after a case has reached a ruling or a verdict, but the companies claimed that they should not have to wait until the litigation wraps up to challenge the lower court's rejection of their immunity defense.However, the court ruled the companies cannot use Section 230 to dismiss lawsuits, saying it can only be used as a liability defense against claims, meaning the appeal was premature.The statute "merely provides a defense to liability — not immunity from suit," Judge Jacqueline Nguyen wrote.The court's decision clears the way for lawsuits alleging social media companies designed platforms to encourage addictive behavior, failed to verify users' ages and did not adequately block harmful content.The panel also denied Meta's attempt to postpone a trial set to begin on Wednesday in a lawsuit brought by 29 state attorneys general accusing the company of illegally collecting and using children's data, designing its social media platforms to addict young users and misleading consumers about child safety on the platforms.The company had claimed that the trial could not move forward while the appeal was pending.Fox Business reached out to Meta and TikTok for comment.Attorneys representing thousands of school districts and people suing Meta and other tech firms in federal court, said in a statement the ruling would allow the states' trial to move forward, as well as a trial over claims brought by school districts set for February.FOUR STATES SEEKING $1.4 TRILLION IN PENALTIES IN CHILD SOCIAL MEDIA ADDICTION TRIAL, META SAYSGET FOX BUSINESS ON THE GO BY CLICKING HERE"A trial is how the public finds out what Meta… [TheTopNews] Read More.5 hours ago
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