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Wizz Air sinks to 115 million euro loss in third quarter By Reuters

LONDON (Reuters) - Hungarian airline Wizz Air sunk to a 114.5 million euro quarterly loss on Thursday, after a second wave of COVID-19 spread across Europe limiting travel and said capacity would be depressed until March. Wizz said its revenue fell 76.5% to 149.9 million euros in the three months ended Dec. 31, its third quarter, on passenger numbers that were down...

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Australia takes on Google advertising dominance in latest Big Tech fight By Reuters

By Byron Kaye SYDNEY (Reuters) - An Australian regulator is considering letting internet users choose what personal data companies like Google (NASDAQ:GOOGL) share with advertisers, as part of the country's attempts to shatter the dominance of tech titans. The Australian Competition and Consumer Commission (ACCC) also proposed limiting the internet giants' ability to access users' online histories to cross-sell products. The proposals...

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Powell Says Fed Has Not Discussed Lending Programs With Treasury By Bloomberg

(Bloomberg) -- Federal Reserve Chairman Jerome Powell gave no indication he hopes to extend the central bank’s ongoing emergency lending programs, or to revive programs that were recently forced to close. “We’re going to continue to monitor financial and credit conditions throughout the economy, and if the kind of emergency conditions arise that are...

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WallStreetBets Briefly Goes Dark After Fueling GameStop’s Surge By Bloomberg

(Bloomberg) -- WallStreetBets, the internet forum fueling a frenzy of retail trading, briefly turned itself off to new users Wednesday after a deluge of new participants raised concerns about its ability to moderate content, a notice on the website said. The WallStreetBets home page went dark to all users for a little over an hour Wednesday evening in New York. A message on...

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