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Economy

Aug 7, 2026, 7:20 AM

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ECONOMYCOVERAGE GAP: RIGHT SOURCES ONLY08/07/26

Meta Fined $567M in Child Safety Case

New Mexico court orders Meta to pay $567 million for child safety violations on Facebook and Instagram.

WHAT'S CONFIRMED

  • ▸Meta was ordered to pay $567 million in a New Mexico child safety case. — BBC Business, CNBC, Forbes, Fox Business

NOT REPORTED ELSEWHERE

  • ▸The ruling brings Meta's total fines in the case to $942 million including prior ordered payments of $375 million. — BBC Business
  • ▸A judge ruled the company violated New Mexico's unfair practices act in the child harms case. — CNBC
  • ▸The judge noted Meta created a public nuisance by being a significant contributor to the state's teen mental health crisis. — Forbes
  • ▸Meta must implement sweeping new protections for teens using Facebook and Instagram. — Fox Business
ECONOMYCOVERAGE GAP: LEFT SOURCES ONLY08/07/26

July Jobs Report Expects Modest Hiring Pickup

Labor Department releases July jobs data Friday with forecasters expecting modest improvement after June's weak hiring.

WHAT'S CONFIRMED

  • ▸The Labor Department will release the July jobs report Friday morning. — NPR Economy, CNBC

NOT REPORTED ELSEWHERE

  • ▸Forecasters expect a modest pickup in July hiring after lackluster June results. — NPR Economy
  • ▸Nonfarm payrolls are expected to post a gain of just 83,000 with unemployment rate unchanged at 4.2%. — CNBC