Twitter Fined in Privacy Settlement, as Musk Commits More Equity for Deal

Twitter did not do enough to tell its users that the personal data it had collected was used partly to help marketers target ads, the F.T.C. and Justice Department said.

7h

Bolt Starts Layoffs Amid ‘Structural Changes’

The Silicon Valley company cut jobs on Wednesday amid a souring fund-raising environment for start-ups.

8h

Bolt, the payments start-up, has begun laying off employees.

The Silicon Valley company cut jobs on Wednesday amid a souring fund-raising environment for start-ups.

9h

E. Gerald Corrigan, Who Helped Ease ’87 Stock Crash, Dies at 80

As president of the Federal Reserve Bank of New York, he favored flooding the financial system with cash to restore confidence among investors.

9h

F.D.A. Chief Details ‘Shocking’ Conditions at Baby Formula Plant

Agency inspectors found a leaking roof, standing water and cracked production equipment before a facility shutdown that led to major shortages.

11h

Fed Minutes Show Officials Expecting to Raise Rates Three Times to Address Inflation

Minutes of the Federal Reserve’s May meeting underscored the deep concern within the central bank about rapidly rising prices that have far exceeded the Fed’s target.

11h

The U.S. budget deficit is projected to fall to $1 trillion in 2022.

The Congressional Budget Office provided an update on the path for deficits at a moment when the Federal Reserve is trying to cool the economy to tame rapid inflation.

12h

Thomas S. Murphy, Broadcasting ‘Minnow’ Who Swallowed ABC, Dies at 96

As the head of Capital Cities Communications, he engineered the acquisition of the TV giant. He later sold the company to Disney, at a huge profit.

13h

Twitter’s Chief Tries Staying the Course as Elon Musk Upends Plans

Parag Agrawal, Twitter’s chief executive, is grappling with a takeover where nobody “would want to be in those shoes.”

13h

‘Quantum Internet’ Inches Closer With Advance in Data Teleportation

Scientists have improved their ability to send quantum information across distant computers — and have taken another step toward the network of the future.

15h