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TikTok has agreed to permanently withdraw its ‘Lite Rewards’ program from the European Union in response to concerns raised by the EU Commission. This decision, made under the Digital Services Act (DSA), highlights the growing scrutiny of digital platforms, particularly regarding the safety and well-being of users, especially children. In April 2024, the EU Commission… Continue reading TikTok to withdraw Lite Rewards program permanently from EU amid safety concerns

Jesper Koll – an expert director for Monex Group is open to “start buying Japan” after the benchmark Nikkei 225 tanked more than 12% on Monday.  Japanese stocks saw their worst day since the “Black Monday” of 1987 as the Yen recorded a new year-to-date high of 142.09 against the US dollar today.  Part of… Continue reading Jesper Koll eyes Japanese stocks amid market sell-off: Here’s why

Nvidia ((NASDAQ: NVDA) shares have tumbled in early Monday trading, extending the stock’s one-month decline to around 23%. This downturn comes amid a major pullback in global tech stocks and reports of a delay in the delivery of Nvidia’s newly designed AI chips known as Blackwell. Source: TradingView Nvidia’s Blackwell chip delay impacts stock performance… Continue reading Market crash: Nvidia stock falls amid tech pullback

Infineon Technologies, the leading German chipmaker, announced on Monday plans to cut 1,400 jobs globally and relocate another 1,400 positions to countries with lower labour costs. This decision is part of a previously announced cost-savings programme to improve operational efficiency and reduce expenses. The job cuts will include several hundred positions at Infineon’s plant in… Continue reading Infineon to slash 1,400 jobs globally and move 1,400 roles in major cost-cutting move

The S&P 500 faced its worst session in nearly two years on Friday, spurred by recession fears following a surprisingly weak jobs report for July.  The broad-market index fell by 1.8%, the Nasdaq Composite dropped by 2.2%, and the Dow Jones Industrial Average decreased by 729 points, or 1.8%.  The sharp decline highlights growing economic… Continue reading Wall Street sentiment sours as Dow plummets over 700 points on recession fears

On August 1, 2024, Cathie Wood’s ARK Invest executed a substantial $21 million purchase of the 3iQ Ether Staking ETF (ETHQ.U), while simultaneously offloading $14.6 million worth of Coinbase (Nasdaq: COIN). These transactions signal a strategic realignment in ARK’s crypto-related investments. The purchase of 1.7 million shares of the 3iQ Ether Staking ETF, worth $21… Continue reading ARK Invest puts $21 million in 3iQ Ether ETF after major Coinbase stock sale

The US Department of Justice (DoJ) has launched an investigation into Nvidia’s acquisition of the Israeli artificial intelligence startup Run:ai (Run), probing potential antitrust violations. The inquiry highlights growing concerns over Nvidia’s market dominance and the competitive implications of its strategic moves in the AI sector. Competitive concerns and market impact Nvidia announced its acquisition… Continue reading Why is US probing Nvidia’s $700-M acquisition of this Israeli startup?

Chevron Corp (NYSE: CVX) has announced plans to move its headquarters from California to Texas, a strategic relocation that aligns with the company’s response to the evolving political landscape. This move comes as Vice President Kamala Harris’ prospects in the upcoming November elections appear increasingly robust. The decision to shift headquarters reflects broader political tensions.… Continue reading Chevron to relocate HQ to Texas amid political shifts: Is Kamala Harris a threat to Big Oil?