US Initial Jobless Claims for the week ending Jan 31 hit 231k (exp. 212k, prev. 209k). $TRIA $PARTI The ECB left three key interest rates unchanged, matching expectations for the 5th consecutive hold.
Instagram chief likens social media addiction to being hooked on a Netflix show in trial testimony. $ME
Instagram head Adam Mosseri said that there can be problematic usage of social media, but he disagreed that it constitutes an addiction. $ESP Mosseri testified in Los Angeles Superior Court during a social media trial over allegations that Meta, YouTube, TikTok and Snap misled the public about safety.
The Plaintiff alleges the apps knowingly made certain design choices and added features that fostered detrimental mental health effects in young users.
🇺🇸Trump is still talking tough on 🇮🇷Iran. Here’s what could happen next.
Tensions between 🇮🇷Iran and the 🇺🇸U.S. are high, with both at an impasse after talks last week in 🇴🇲Oman. $RIVER
Analysts told CNBC a 🇺🇸U.S. attack on 🇮🇷Iran is unlikely, and that 🇺🇸U.S President Donald Trump has no good options when it comes to using force. $ESP
🇺🇸“U.S. forces in the region are not adequate to support a significant long-term military operation in Iran which would be necessary to achieve any major military objective,” said one.