Verizon is cutting jobs amid a strategic shift while facing regulatory scrutiny and competitive AI/5G tensions.
Two men have been charged under the Take It Down Act for creating AI-generated nude content. The defendants face up to two years in prison as prosecutors push to enforce the law that prohibits non-consensual deepfake pornography and similar material.
Airlines have adjusted summer schedules and are temporarily suspending select routes in August–September because jet fuel costs have surged since the Iran conflict closed key shipping lanes. Carriers including American, easyJet and others have reduced seats, delayed route launches or paused services; travelers are being offered refunds or rebooking and face higher fares and fees.
The Labor Department has reported that initial unemployment claims have risen to 215,000, with the four-week moving average at 209,000. Despite the uptick, the pace of layoffs remains in a historically low range, and payrolls have cooled compared with the post-pandemic peak. Ongoing inflation pressures and a war-driven energy shock are shaping hiring dynamics.
Unemployment aid applications have remained historically low at 4.3% as hiring rebounds in healthcare and other sectors. The May job report is awaited amid persistent energy-price pressures from the Iran conflict, with economists predicting modest payroll gains and a cautious path for the Fed.
The Supreme Court has upheld the FCC’s in-house penalty system, ruling 8-1 that carriers AT&T and Verizon have not been deprived of their right to a jury trial. The decision centers on whether forfeiture orders require a jury, with a majority led by Chief Justice Roberts arguing that the agency’s findings do not bar court challenges over collection of penalties.