01:08 PM EDT, 08/26/2025 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.1%. In corporate news, activist investment firm Fivespan Partners has built a stake in The New York Times ( NYT ) , Bloomberg reported, citing a...

12:47 PM EDT, 08/26/2025 (MT Newswires) -- Meta Platforms ( META ) is preparing to spend tens of millions of dollars through a new California-based political arm aimed at supporting state candidates who favor light-touch regulation of technology, particularly artificial intelligence, Politico reported Tuesday. The company plans to launch Mobilizing Economic Transformation Across California, a super political action committee that...

12:51 PM EDT, 08/26/2025 (MT Newswires) -- Power Nickel (PNPN.V) on Tuesday said appointed former federal cabinet minister Seamus O'Regan Jr. to its board of directors. O'Regan, first elected as a Member of Parliament in 2015, served in several senior government roles, including Minister of Energy and Natural Resources. In that capacity, he oversaw Canada's first Critical Minerals Plan, the...

(Reuters) -Meta is setting up a new California-focused political action committee (PAC) to back state-level candidates favoring lighter regulation of technology, particularly artificial intelligence, Politico reported on Tuesday. The group, named Mobilizing Economic Transformation Across (Meta) California - a 'super' PAC, will support candidates for state offices from either party who advocate AI innovation over stringent rules, the report said....