People in Ireland are really productive.

I'm David Brancatio. First, the Federal Trade Commission is considering new limits on how and when

big tech companies can turn the data of kids into profits.

It's part of a review of the Children's Online Privacy Protection Act,

Marketplace's Lily Jamali reports.

That landmark law was passed way back in 1998.

It required parental consent before websites could collect data from users under 13.

The FTC's proposed update to the 25-year-old law would include a crackdown on

targeted advertising aimed at children. It would also limit how companies can use

notifications to keep them online.

Regulators said the changes would shift the burden from parents to tech companies.

FTC Chair Lena Khan called them much needed given how essential online tools are to daily life.

She accused tech companies of deploying increasingly sophisticated digital tools to

surveil children.

One tech industry group though says the changes go too far. The

Commission is now accepting comments on the proposal. I'm Lily Jamali for

Marketplace. A career in investment banking or banking in general has not been a slam dunk ticket to

financial security in 2023.

The Financial Times has crunched the numbers and figures 60,000 jobs have been cut this year among the 20 biggest

banks led by UBS Credit Suisse and Wells Fargo, this with rising interest rates and fewer

stock offerings and

acquisitions after a post-pandemic boom.

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