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Archive: 2025-02-21 (89) - Page 2/2 (39)

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China's military says it drove away Philippine aircraft near Spratly Islands

China's military drove away three Philippine aircraft that "illegally intruded" into the airspace near the Spratly Islands, accusing the Philippines of attempting to "peddle its illegal claims" through provocation. The incident is part of a longstanding territorial dispute between China and the Philippines over the South China Sea, which is vital for global commerce. China's military has warned that any further attempts to assert sovereignty in the region will be met with force.

Jim Cramer on Palantir Technologies Inc. (PLTR): ‘It’s Absurdly Expensive, But Here’s The Catch:

Palantir Technologies Inc. (NYSE:PLTR) has been a subject of interest for Jim Cramer, with the Mad Money host expressing concerns about its valuation despite his overall bullish stance on the stock. Cramer noted that while Palantir's business is expanding, its high price-to-earnings ratio makes it "absurdly expensive." However, he believes that the company's strong fundamentals and growth prospects make it a valuable investment.

Ukraine War Talks Central to Potential Trump-Putin Meeting

A possible meeting between U.S. President Donald Trump and Russian President Vladimir Putin will largely depend on whether progress is made toward ending the war in Ukraine, according to U.S. Secretary of State Marco Rubio. Progress toward ending the war is crucial for determining the timing and content of any potential meeting between the two leaders. The outcome of these talks could significantly impact global politics and international relations.

US Gas Sales Pitch to Asia Seeks to Redraw Energy Dependence

The Trump administration's push to increase US gas imports in Asia is not just about economic benefits but also about geopolitics. By framing the Alaska LNG project as a way to address Japan's trade imbalance and maritime security concerns, Washington seeks to bind regional allies to its energy agenda. This strategy has significant implications for the balance of power between East Asian nations and their US counterparts.

South Korea seeks exemption from Trump tariffs

South Korean officials have requested an exemption from U.S. reciprocal, steel and aluminium tariffs during their visit this week to Washington, the industry ministry said in a statement on Friday. Deputy Minister Park Jong-won argued that almost all tariffs between the two countries have already been eliminated under their free trade agreement, highlighting investments made by South Korean companies in the United States. The country views Trump's measures with increasing concern and aims to negotiate further cooperation with the Trump administration.

Elon Musk waves chainsaw gifted by Argentinian President Milei

Huda Beauty sells KAYALI to co-founder and General Atlantic, allowing the beauty company to buy back a stake previously held by TSG Consumer Partners, restoring full founder ownership and maintaining KAYALI's independence under Mona Kattan's leadership. The restructuring is part of Huda Beauty's broader efforts to regain control over its brands in response to outside investor pressures. As the beauty industry shifts towards more founder-led companies, this move signals a growing trend towards greater autonomy for entrepreneurs.

Mark Cuban Weighs In On Elon Musk

Mark Cuban isn't afraid to call out Elon Musk, and he's made that explicit time and time again. While many hesitate to challenge the billionaire and now influential political figure, Cuban says he couldn't care less. He admits he enjoys messing with Musk, especially because Musk is so active on Twitter.

South Korea Follows Trump and Seeks Tariffs on Chinese Steel

South Korea is imposing tariffs on some Chinese steel products amid concerns over an influx of cheaper imports, following a similar measure by the Trump administration. The government's investigation found that the flood of low-priced steel plates from China has damaged South Korea's steel industry. The measures aim to protect domestic producers and mitigate the impact of cheaper imports.

Kash Patel Vows to 'Rebuild' FBI After Senate Confirmation

The newly confirmed FBI Director Kash Patel has vowed to "rebuild" the agency and restore trust among its ranks, following a contentious confirmation process. Patel's appointment is seen as a significant shift in leadership for the FBI, which has faced criticism from Democrats over its handling of investigations into Trump allies. The new director has pledged to lead an FBI that operates independently, free from partisan politics.

China Backs Trump's Ukraine Peace Bid at G20 as US Allies Rally Behind Zelenskiy

China has come out in support of U.S. President Donald Trump's bid to strike a deal with Russia to end the war in Ukraine, while U.S. allies rallied around Ukrainian President Volodymyr Zelenskiy, signaling a shift towards a more diplomatic approach to resolving the crisis. China's willingness to engage in peace talks could provide a much-needed boost to stalled negotiations, but analysts remain skeptical of Beijing's substantive involvement. The Chinese government has long been wary of getting entangled in the conflict, but its interests may lie in eventual reconstruction and peacekeeping efforts.

Elon Musk wields chainsaw at conservative gathering, a gift from Argentina's Milei

Elon Musk's appearance at the Conservative Political Action Conference (CPAC) was marked by his enthusiastic promotion of Argentine President Javier Milei and his unorthodox use of a chainsaw as a symbol of his commitment to reducing bureaucracy. The billionaire CEO has long advocated for sweeping cuts in government spending, and his efforts have drawn both praise and criticism from politicians and business leaders alike. Musk's decision to bring the chainsaw onstage was seen as a lighthearted moment amidst his otherwise serious focus on government reform.

China's CATL to deepen battery R&D cooperation with Volkswagen

CATL has signed a strategic cooperation MOU with Volkswagen to deepen partnership in battery R&D, new materials application and components development, the Chinese electric vehicle battery giant said. This partnership aims to accelerate the commercialization of next-generation battery technologies and enhance the competitiveness of EV batteries globally. The collaboration will also focus on exploring battery recycling and swapping solutions to improve sustainability and reduce costs.

Lifting the Weighting Cap on ETFs: A Shift for Taiwan's Market

Taiwan's financial regulator is considering lifting a cap that limits the market capitalization of local exchange-traded funds (ETFs) that track indexes, with TSMC's surge being a significant factor in this decision. The current 30% limit has made it difficult for adjustment in ETF products tracking the Taiex index, as TSMC's shares have gained around 140% since the global artificial intelligence investing frenzy started late 2022. This move aims to restore flexibility and competitiveness in Taiwan's ETF market.

Buy the Dip in Palantir Technologies (PLTR) or Vertiv Holdings (VRT) Stock?

Palantir Technologies' stock has surged +1,100% in the last two years due to its growth potential, with the company's software platforms used by intelligence communities and its expansion into machine learning and artificial intelligence applications. The Trump administration's announcement of defense spending cuts may have contributed to Palantir's recent 5% drop, but the company has exceeded Q4 expectations and has a compelling earnings growth story. However, Palantir needs to "grow" into its lofty valuation with an “F” Value Score.

The Cult Behind the Vegan 'Zizians' Who Claimed to Live Alone

The group allegedly led by Jack Lasota, a transgender woman, has been linked to six murders across the US, with members accused of trespassing and obstruction. The Zizians are characterized as adherents of veganism, anarchism, and rationalist ideologies that emphasize individualism and reject mainstream values. However, their extreme views have led to violent acts, including the stabbing of a landowner and shooting of a US border patrol agent.

Oil Prices Soar as Russia Supply Concerns Add to Demand Hopes

Oil prices extended gains on Friday, headed for a weekly increase, as falling inventories of U.S. gasoline and distillate raised expectations of solid demand while concerns over supply disruptions in Russia lent support. The rising oil prices are largely driven by the expectation that Ukraine's government will be more open to negotiations with Russia, which could ease sanctions on Moscow and lead to an increase in Russian crude exports. However, the ongoing tensions between Russia and Ukraine may still keep prices elevated due to supply chain disruptions.

Asian Stocks Climb as Alibaba Drives Growth

Asian markets have seen a significant surge, driven by strong earnings from Chinese technology giant Alibaba Group Holding Ltd., which has boosted optimism towards the sector. The company's revenue growth has been its fastest in over a year, with investors optimistic about the potential of artificial-intelligence model DeepSeek. This positive news has led to Asian stocks notching their sixth straight weekly gain.

CIA chief can fire workers on diversity programs, argues US government

The U.S. Justice Department is arguing that CIA Director John Ratcliffe has the authority to terminate 21 officers assigned to diversity, equality, inclusion and accessibility (DEIA) programs due to "non-national security concerns." The department claims that intelligence personnel are excluded from Civil Service protections, making it difficult for the courts to intervene. However, the plaintiffs argue that they were fired without proper justification and have lost their security clearances.

Huawei founder told Xi China's concerns about lack of chips have eased, state media says

Huawei's founder Ren Zhengfei has reassured Chinese President Xi Jinping that concerns over a lack of homegrown chips or operating systems have eased, according to a report by the People's Daily. This move comes as Huawei continues to navigate the challenges posed by US sanctions and its efforts to build a self-sufficient supply chain. The outcome of this shift in sentiment could have significant implications for China's technological ambitions.

Japan's core inflation hits 19-month high, keeping alive BOJ rate-hike bets

The data reinforced expectations that the Bank of Japan will keep raising interest rates as price pressures mount in Japan. Rising costs are affecting both goods and services, with the year-on-year increase in the core consumer price index (CPI) slightly exceeding a median market forecast for a gain of 3.1%. This marks the fastest pace in 19 months, highlighting the central bank's growing concern about inflationary pressure.

Nicolas Cage's ex Christina Fulton sues him over their son's alleged attack

Christina Fulton is suing Nicolas Cage and her 34-year-old son Weston for "life-threatening injuries" she claims she sustained in an alleged fight last year, accusing Weston of attacking her without provocation. Fulton alleges that Nicolas Cage enabled his son's alleged behavior by providing financial support despite knowing about his history of mental and psychological disorder. The lawsuit seeks unspecified damages for the physical, emotional, and economic harm she has endured.

US says it will drop immigration case against SpaceX

The U.S. Department of Justice has announced that it will drop a case accusing Elon Musk's space technology company SpaceX of refusing to hire certain immigrants, citing concerns about the authority of the administrative complaint process. The decision comes after the Justice Department signaled last month that it could back away from the case. A settlement has been reached, with no admission of wrongdoing by SpaceX.

Dollar Hits Year-to-Date Lows as Bulls Get Nervous; Yen Retreats from High

The yen retreated on Friday from a 2-1/2 month high hit after a jump in Japanese inflation, while the dollar was set for its third weekly drop in a row. Traders calculated the start of Donald Trump's second term has been mostly bluster on the tariff front, causing bulls to back off their long positions. The yen's retreat was likely more due to profit taking rather than a reassessment of rate-hike bets.

Mechanical Keyboard Switches Get a Retro Revival with NuPhy Kick75 Launch

NuPhy has officially launched its Kick75 mechanical keyboard, which offers both high- and low-profile switches at surprisingly affordable prices, along with ample customisation options. The new design allows users to easily swap between profiles using a simple top case and foam upgrade, reducing the cost for those who want to try different switch configurations. This innovative approach also enables NuPhy to reduce the cost of switching kits by 30%, making it more accessible to enthusiasts.

China's key property rescue tools are too hard to use to make an impact.

Key tools China introduced last year to stabilise the property market are making very little impact, pressuring Beijing to find new solutions for the crisis-hit sector, which analysts say must involve large-scale direct state purchases of empty apartments. The relending programme has drawn only 16 billion yuan from the facility by the end of September, far short of its intended target. Analysts say the design of this scheme overlooks financial and operational constraints that state-owned firms find hard to overcome.

The best MagSafe wallets of 2025: Expert tested and reviewed

MagSafe wallets are an easy way to keep your cards and cash securely attached to your phone, but with so many choices available, it can be hard to know which one is the best. Our testing revealed that ESR's Aura MagSafe wallet stands out for its versatile design, comfortable maximum storage, and tasteful yet fun colors. The wallet offers a quality vegan leather construction, strong magnetic hold, 5 card slots (including a dedicated ID pocket), notches for easy card access, and five colors to pick from.

Pokémon Presents announced for February 27th: Predictions, rumors, and more.

The highly anticipated Pokémon presentation will likely showcase updates to existing games, including Pokémon Sleep and Pokémon Go, as well as potential reveals about new mobile titles. Generation 10 of the mainline series may also be announced, with speculation surrounding the codenames "Pokémon Gaia" and "Pokémon Synapse." The event promises to be a significant one for fans, given the recent data leak at Game Freak.

Dissolving the USPS Leadership: A Shift in Power

The U.S. Postal Service's governing board is expected to be dissolved, and the agency will be placed under the control of the Commerce Department as part of a broader shift in power under President Donald Trump. This move marks a significant change in the postal service's operations and governance structure, raising concerns about its ability to maintain independence and serve the public interest. The dissolution also reflects Trump's efforts to consolidate power within his administration.

Jack Ma's Return to Public Spotlight Means Reassurance for Beijing

Analysts say the Alibaba founder's re-emergence could signal a policy change in Beijing. Jack Ma's reappearance at Monday's event has sparked excitement and speculation, after Alibaba founder was pictured at the event. The charismatic and colourful Mr Ma, who was one of China's most prominent businessmen, had withdrawn from public life after criticising China's financial sector in 2020.

Quantum Computers: The Future of Critical Infrastructure?

Quantum computers have the potential to crack existing encryption algorithms, compromising the security of critical infrastructure such as electronic payments, ecommerce, satellite communications, and more. This could lead to widespread disruptions in the digital world, making sensitive information vulnerable to theft and exploitation. As quantum computing advances, it's essential to develop strategies for protecting against these threats.

US Justice Department cuts database tracking federal police misconduct

The U.S. Justice Department has removed a database tracking misconduct by federal law enforcement, a move that has raised concerns about accountability and transparency within the agency. The database, which was proposed by Republican President Donald Trump during his first term and formally created by Democratic former President Joe Biden, had been tracking records of federal officer misconduct between 2018 and 2023. The removal of the database appears to be in line with Trump's executive orders, which aimed to dismantle several initiatives established by his predecessor.

Trump Appoints Pardon Czar Amid Rollbacks of DEI Initiatives

Trump appoints a 'pardon czar' for clemency advice to advise him on further acts of clemency, as he rolls back diversity, equity, and inclusion (DEI) initiatives across the federal government. The president's actions have been met with sharp criticism from civil rights organizations and racial justice advocates who say DEI programs have helped address historical inequities impacting Black Americans and people of color. Trump's efforts to restrict these programs are seen as a step back in the fight for equality and social justice.

UK and Europe must step up over Ukraine, says ex-Army boss

The UK and European countries are being urged by the former head of the armed forces to offer security guarantees to Ukraine in the event of a deal with Russia, regardless of US support. This call for increased involvement comes as tensions between Ukrainian President Volodymyr Zelensky and US President Trump have deepened over peace talks with Russia. The UK's own armed forces are facing concerns about their vulnerability after being described as "remarkably hollow" by Sir Nick Carter.

US stock futures barely moved after the major indexes slumped following a weak earnings outlook from retail giant Walmart (WMT) during market hours.

The weak earnings results and a slump in the major gauges leave the weekend uncertain as futures hug the flatline, with President Donald Trump's tariffs continuing to leave retailers and consumers stumped by what will be impacted in the coming months. Walmart's warning on its 2025 outlook sparked a broad market downturn on Thursday, and the company cited tariff uncertainty as one factor. The ongoing trade tensions are casting a shadow over consumer confidence, with retailers like Walmart struggling to navigate the complex landscape.

US says it will drop immigration case against SpaceX

The U.S. Department of Justice's decision to drop the case against SpaceX for allegedly discriminating against immigrants highlights the complexities of enforcing immigration laws while navigating issues of national security and economic competitiveness. The case's resolution underscores the challenges of policing private companies' hiring practices, particularly in industries with strict export controls. By dismissing the case, the Justice Department may have avoided further scrutiny on its own procedures.

Nubank Expands Plans for Global Market Entry

Nubank, one of the fastest-growing digital lenders in the world, plans to announce an expansion this year after sweeping through its home market Brazil as well as Mexico and Colombia. The company's growth has been driven by a 22% year-on-year increase in client base to top 114 million customers at the end of December. Nubank expects to establish foundations for a technology company that can operate in multiple countries and regions by 2025.

Israeli Prime Minister's Call to Action Sparks Concerns in the Region

The Israeli government's swift response to recent bus explosions near Tel Aviv, with Prime Minister Benjamin Netanyahu instructing the military to carry out an "intensive" operation in the West Bank, has raised concerns about escalating tensions and a potential escalation of violence. The bombings, which did not result in any casualties, come as the country is already grappling with the aftermath of a recent conflict in Gaza. As the situation continues to unfold, questions arise about the government's intentions and the broader implications for regional stability.

US envoy meets Zelenskiy as Trump officials keep pressure on Ukrainian leader

The US President's latest move in the Ukraine conflict raises questions about his credibility and approach to resolving the crisis. With major European allies stepping up defense spending and considering a peacekeeping force, it remains to be seen how effective Trump's efforts will be in bringing about a lasting resolution. The stakes are high, with significant implications for regional security and global relations.

Governor Hochul will not remove NYC Mayor Adams from office

Hochul has decided not to remove Mayor Eric Adams from office, instead proposing legislation and measures to exert more oversight over his office following a string of scandals. The governor's plan includes a new inspector general position and expanded funding for the state comptroller's office to conduct more oversight of the city. By taking this approach, Hochul aims to restore faith in government while also addressing concerns about corruption and accountability.