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Australia Calls For Inquiry Into Meta’s Facebook, Elon Musk’s X, TikTok To ‘Make These Platforms Accountable For Their Decisions’

By Benzinga Neuro
May 9, 11:45 PM
The Australian government has expressed concerns over the lack of regulation and oversight on social media platforms, which have a significant impact on the content viewed by Australians. The inquiry will specifically focus on the platforms' handling of violent content and their withdrawal from paying for news in Australia.

META

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Jim Cramer Advises Investors To Stick With Good Companies Despite Short-Term Losses: ‘You Just Need To Figure Out Which Companies Deserve Your Confidence’

By Benzinga Neuro
May 9, 11:20 PM
Cramer, a prominent figure in the finance world, suggested that investors should not emulate the trading habits of large hedge funds. Instead, he recommended a long-term investment strategy, emphasizing the need to anticipate and endure market declines.

AAPL

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Kinetik Enters Into Series Of Agreements Under Which It Will Acquire Durango For An Aggregate $765M Of Cash And Equity With Up To $75M Of Contingent Consideration Tied To The Capital Cost For The Kings Landing Complex; Provide Natural Gas Gathering And…

By Benzinga Newsdesk
May 9, 5:22 PM
In a series of transactions:Kinetik agreed to acquire Durango Permian LLC ("Durango"), which expands its operations in Eddy and Lea Counties, New Mexico, the most active counties in the Permian Basin ("Durango

KNTK

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Trump’s China Tariff Hikes Could Smother US Economic Growth: Fitch Ratings Sounds Alarm

By Piero Cingari
May 9, 4:10 PM
Fitch Ratings warns of economic fallout from Trump's proposed trade tariffs if he wins 2020 election. US GDP could decline by 0.4-1.1%, and inflation may decrease in long term. US trading partners could see even greater declines, with China, Canada, and Mexico at risk. Trade imbalance blamed on savings and investment disparity, not tariffs.

GXC