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In a significant legal victory for gig economy companies, an appeals court in California has upheld Proposition 22, allowing Uber, Lyft, DoorDash, and similar firms to continue classifying their drivers as independent contractors rather than employees.  This ruling reinforces the status of gig workers, preserving their flexibility and independence while reshaping the dynamics of worker… Continue reading Uber and Lyft win court battle: Drivers to remain classified as independent contractors

In a significant development, Malaysia has demanded compensation from Microsoft and CrowdStrike for a massive global outage that disrupted internet services and affected numerous industries. This high-profile case could set a precedent for how similar incidents are handled worldwide. Last week, a severe outage caused by a faulty update led to widespread internet disruptions, particularly… Continue reading Malaysia demands compensation from Microsoft and CrowdStrike following global outage: Will others follow?

Apple’s aggressive discounting strategy in China appeared promising earlier this year. During an online shopping festival in May, the tech giant offered significant price cuts on its iPhones, aiming to boost sales and counteract its faltering performance in the region.  Despite these efforts, Apple’s iPhone sales in China remain sluggish compared to its local rival… Continue reading Apple’s iPhone discounts fail to boost market share in China: What’s next for the tech giant?

The possibility of Donald Trump securing a second term as President of the United States raises significant questions about the future of electric vehicles (EVs) and clean energy in the US.  While Trump’s administration was known for its controversial stance on environmental policies and clean energy, his potential return to office could have major implications… Continue reading How a second Trump presidency could impact electric vehicles and clean energy policies

Lineage, the world’s largest temperature-controlled warehouse real estate investment trust (REIT), made a notable debut on the Nasdaq Stock Market on Thursday. Trading under the ticker symbol “LINE,” the company’s shares surged by up to 5% on the first day.  This promising start reflects investor confidence in Lineage’s robust business model and strategic growth initiatives.… Continue reading Lineage’s Nasdaq debut sees 5% rise, raising $4.4 billion amid aggressive growth strategy

In the wake of a dramatic 33% drop in CrowdStrike’s shares, savvy investors like Cathie Wood see a buying opportunity. But for retail investors, the decision to buy a plummeting stock or wait out the uncertainty can be daunting.  As CrowdStrike works towards a solution, there is optimism that the company will soon return to… Continue reading How to invest in cybersecurity: The case for ETFs amid CrowdStrike’s turmoil

In a dramatic shift, investors withdrew $26 million from spot Ether ETFs on the second day of trading, following an initial $100 million inflow. This notable withdrawal has significantly impacted the Grayscale Ethereum Trust (NYSE: ETHE), a major player in the crypto asset management arena. According to data from ETF tracker Farside, ETHE experienced substantial… Continue reading Grayscale Ethereum Trust faces $26 million outflow as investors shift to lower-cost alternatives

Tesla chief executive Elon Musk announced his intention to seek board approval to invest $5 billion in his artificial intelligence start-up, xAI. The potential investment would further integrate Musk’s extensive network of technology companies, emphasizing Tesla’s strategic shift towards AI and robotics. Public support for xAI investment On Tuesday, Musk took to his social media… Continue reading Musk to seek Tesla board approval for $5 billion investment in AI start-up xAI

US investment group Apollo has struck a deal to buy UK parcel delivery company Evri, gaining control of a significant competitor to Royal Mail. The acquisition is valued at approximately £2.7 billion, according to sources familiar with the matter. This move places Apollo in a key position within the UK’s competitive delivery sector, which has… Continue reading Apollo to acquire UK parcel delivery company Evri for £2.7 billion