French prosecutors have opened an investigation into Elon Musk’s X, formerly known as Twitter, over allegations that the platform manipulated its algorithms to distort online discourse. The Paris public prosecutor’s office confirmed that it received a complaint on January 12 from French lawmaker Eric Bothorel, accusing X of using “biased…
Billionaire hedge fund manager Bill Ackman has built a sizable stake in Uber Technologies Inc (NYSE: UBER). On Friday, the founder and chief executive of Pershing Square said he owned more than 30 million shares of the ride-hailing giant. In total, his stake in Uber is worth about $2.3 billion.…
India’s latest budget under Prime Minister Narendra Modi’s government takes a strategic turn toward boosting consumption at a time when economic momentum is showing signs of strain. With inflation pressuring household finances and urban consumers pulling back on discretionary spending, Finance Minister Nirmala Sitharaman has introduced a sweeping tax cut…
Cryptocurrencies including Bitcoin tanked sharply last week after US President Donald Trump announced raised tariffs on China, Canada, and Mexico. While tariffs do not necessarily have anything to do with digital assets, the decline was primarily the global economic uncertainty that may be triggered once and if the new tariffs…
Asian stock markets are trading largely higher on Friday, reflecting mixed signals from Wall Street overnight. Investors are staying cautious ahead of the release of the closely watched US jobs report, which is expected to provide guidance on the Federal Reserve’s interest rate outlook. Traders are also awaiting US President…
The rise and fall of memecoins tied to public figures have once again demonstrated the speculative nature of the cryptocurrency market. Donald Trump’s TRUMP token and Melania Trump’s MELANIA token have seen staggering declines, shedding billions in market value in just weeks. Data from CoinMarketCap shows that TRUMP has dropped…
Hong Kong’s postal service has extended its suspension on shipping items containing goods to the United States, even after the US postal administration reversed its temporary ban on parcels from China. The ongoing restriction highlights escalating trade tensions between the two economies, with Hongkong Post citing the need for further…
Tesla (NASDAQ: TSLA) has raised the prices of its Model X vehicles in the United States by $5,000, marking the latest adjustment in its fluctuating pricing strategy. The base Model X all-wheel drive now costs $84,990, while the high-performance Plaid variant has risen to $99,990. This follows a similar $5,000…
The FTSE 100 index continued its bullish momentum this week as it hovered near its all-time of £8,775. It has soared by about 14% in the last 12 months and 6.50% this year. It is still lagging behind popular European indices like the DAX and CAC 40 indices. Let’s explore…
Applied Materials stock price has remained in a tight range in the past few weeks as investors focused on the data center and artificial intelligence industry. AMAT was trading at $182.80 on Friday, down by over 28% from its highest level this year. So, is Applied Materials a good stock…