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Archive: 2025-02-28 (623) - Page 1/13 (50)

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Us Treasury Secretary Scott Bessent Says Mexico Proposed Matching Us Tariffs on China

Mexico has proposed matching U.S. tariffs on China, which could be seen as a significant move to counter China's growing economic influence in North America. The proposal is likely aimed at addressing the concerns of Trump's administration over unfair trade practices by China. This development may signal a shift in Mexico's stance on China, and its implications for the US-China trade relationship.

Amazon Eyes Global Expansion for Its Temu, Shein Competitor

Haul is set to launch globally later this year, according to two people familiar with the matter, as Amazon expands its discount storefront beyond the U.S. The company is hiring talent in various roles to support a worldwide launch, including software development engineers and senior product managers. Haul's global rollout comes after its debut in November, which aimed to bring ultra-low-priced products into one convenient destination.

Why Fubotv Stock Plummeted Today

FuboTV's stock declined by 13.9% following the release of its fourth-quarter earnings, which, despite a narrower-than-expected adjusted loss, revealed disappointing revenue figures that fell short of market expectations. The company's guidance for the upcoming quarter indicated low growth prospects, with anticipated declines in subscriber numbers contributing to negative sentiment among investors. Although FuboTV's stock has seen a 52% increase this year due to a partnership with Disney, significant challenges loom as the company faces potential headwinds in maintaining subscriber growth.

Assurance Healthcare Sees Slim Profit Margin Amid Revenue Surge

Assurance Healthcare, a healthcare services provider, reported a slim profit margin of S$0.004 loss per share for its full year 2024 earnings, up 100% from FY 2023. The company's net loss narrowed by 38% compared to the previous year, despite a significant increase in revenue. However, the company's performance is still plagued by concerns about its operational efficiency and ability to maintain profitability.

Why Wall Street Analysts Say Nvidia Could Be a Deepseek 'Beneficiary'

Nvidia's stock has faced significant volatility following Chinese startup DeepSeek's claims of its AI model's capabilities, with some analysts expressing concerns that demand for Nvidia's advanced chips could slow. However, many experts believe that Nvidia stands to benefit from DeepSeek's emergence and growing competition in the AI market. Despite the recent downturn in shares, analysts remain optimistic about Nvidia's long-term prospects.

Google's Co-Founder Tells Ai Staff to Stop "Building Nanny Products"

Google's co-founder Sergey Brin recently sent a message to hundreds of employees in Google's DeepMind AI division, urging them to accelerate their efforts to win the Artificial General Intelligence (AGI) race. Brin emphasized that Google needs to trust its users and move faster, prioritizing simple solutions over complex ones. He also recommended working longer hours and reducing unnecessary complexity in AI products.

Blackstone Ceo Schwarzman's Pay and Dividends Top $1 Billion in 2024, Bloomberg News Reports

The billionaire CEO Steve Schwarzman reaped a staggering reward of over $1 billion in compensation and dividends from his private equity firm Blackstone in 2024. This windfall comes despite the company's recent fourth-quarter profit beating estimates, driven by a surge in dealmaking activities. The payout is part of Schwarzman's long-standing relationship with Blackstone, where he has played a pivotal role in transforming the asset manager into a global financial powerhouse.

Russian Drone Strike Hits Medical Facility, Other Targets in Kharkiv, Mayor Says

A Russian drone strike hit a medical facility and other targets late on Friday in Ukraine's second-largest city, Kharkiv, injuring at least five people, local officials said. Regional governor Oleh Syniehubov reported that eight Russian drones had struck civilian areas in three central districts of the city, with dozens of buildings damaged and fires triggered by the strike. The attack also injured an additional two people in a separate drone strike in the Black Sea port of Odesa.

Casio G-Shock Gm-110d Series Launch Date and Pricing Officially Announced

The Casio G-Shock GM-110D series has officially confirmed its launch date for March 14 in Japan, featuring full-metal stainless-steel builds with 200m water resistance and a hybrid display. Preorders are now open via online e-commerce channels. The prices of the GM-110D-8AJF (¥60,500) and GM-110BD-1A9JF (¥69,300) have been confirmed.

Portugal's Strong External Financial Position Leads to Credit Upgrade

Global ratings agency S&P upgraded Portugal to "A" from "A-" with a positive outlook, citing improvements in the country's external financial position and reduced liquidity risks. Despite geopolitical uncertainty, particularly around potential U.S. tariffs on the EU, S&P remains optimistic about Portugal's economic growth. The rating agency expects Portugal's government debt reduction to be slow in 2025-2028 as inflation dwindles and economic growth rates normalize.

Illicit Crypto Transactions Skyrocketed in 2024, Forecasts Suggest 51 Billion Dollar Increase

Illegal cryptocurrency transactions reached as high as $40 billion in 2024, with estimates suggesting this figure could rise to around $51 billion in 2025. The shift away from Bitcoin and towards stablecoins is a notable trend, with stablecoins now accounting for 63% of all criminal transactions. This represents a significant decrease from the 70% of crimes that were committed using Bitcoin four years ago.

Blackrock Adds Spot Bitcoin Etf Ibit to Model Portfolios

BlackRock has added its spot bitcoin ETF IBIT to two of its model portfolios, allowing investors more opportunities to access cryptocurrency. The addition is part of the company's strategy to diversify portfolios with alternative assets. The move comes as spot bitcoin ETFs have seen record outflows amid a slump in the price of bitcoin.

Breaking Into Code: Security Threat Impacts Customer Data at Zapier

Zapier has disclosed a security incident where an unauthorized user gained access to its code repositories due to a 2FA misconfiguration, potentially exposing customer data. The breach resulted from an "unauthorized user" accessing certain "certain Zapier code repositories" and may have accessed customer information that had been "inadvertently copied" to the repositories for debugging purposes. The incident has raised concerns about the security of cloud-based platforms.

Returning to Office at Least Every Weekday Could Be Key to Winning Agi Race

Google co-founder Sergey Brin is urging employees to return to the office "at least every weekday" in order to help the company win the AGI race, which requires a significant amount of human interaction and collaboration. The pressure to compete with other tech giants like OpenAI is driving innovation, but it also raises questions about burnout and work-life balance. Brin's memo suggests that working 60 hours a week is a "sweet spot" for productivity.

Symbyai Raises $2.1m Seed to Make Science Research Easier | Techcrunch

SymbyAI, a SaaS platform that uses AI to streamline scientific research, has raised $2.1 million in seed funding with participation from Drive Capital and CharacterVC, among others. Launched just last year by Aisha Livaudais and Michael House, the platform provides organized workspaces for researchers to access papers, code, data, and experiences within one place. It helps track progress and features an AI-assisted peer review and replication system.

Sec Raises Concerns About New Private Credit Etf

The US Securities & Exchange Commission has sounded the alarm about aspects of the first broad private credit market exchange-traded fund, raising concerns about liquidity and compliance with valuation rules. Analysts describe the move as highly unusual, given that the ETF had already launched and was trading. State Street Global Advisors, the issuer of the SPDR SSGA Apollo IG Public & Private Credit ETF, has been asked to address "significant outstanding issues" identified by the SEC.

Musk Influence over Verizon Faa Contract Sparks Concerns

U.S. lawmakers are questioning Elon Musk's potential influence over a $2.4 billion Federal Aviation Administration telecommunications contract with rival Verizon, raising concerns about the competitive process and aviation safety. Senator Maria Cantwell has accused Musk of trying to interfere in the Air Traffic Control system and cancel a competitively awarded contract in favor of his own Starlink services. The FAA is reviewing the contract, but lawmakers demand transparency and enforcement of public notice requirements.

Human Rights Abused: Governments Exploit Vulnerabilities to Silence Critics

Amnesty International has uncovered evidence that a zero-day exploit sold by Cellebrite was used to compromise the phone of a Serbian student who had been critical of the government, highlighting a campaign of surveillance and repression. The organization's report sheds light on the pervasive use of spyware by authorities in Serbia, which has sparked international condemnation. The incident demonstrates how governments are exploiting vulnerabilities in devices to silence critics and undermine human rights.

Iphone 16e Review: A Budget-Friendly Alternative with Apple Intelligence

The iPhone 16e brings Apple's "personal intelligence" system, Apple Intelligence, to a more affordable price tag, making it an attractive option for those who care about AI but don't prioritize high-end cameras. With its seamless software transition and access to all Apple Intelligence features, the iPhone 16e is a solid choice for those seeking a powerful phone without breaking the bank. However, its lower camera capabilities and lack of Dynamic Island/Camera Control may be deal-breakers for some users.

Us Plans Emergency $3 Billion Israel Arms Deals

The U.S. State Department has approved the potential sale of nearly $3 billion worth of bombs, demolition kits and other weaponry to Israel, which could fuel concerns about truce violations between the two sides in a fragile ceasefire agreement. The prospective weapons sales were notified to Congress on an emergency basis, sidestepping a long-standing practice of giving lawmakers more time to review the sale. The deliveries are expected to begin in 2026, but the possibility of immediate delivery for some of the weapons raises questions about the urgency and intentions behind the deal.

Ryan Reynolds’ MNTN Files for IPO Showing Revenue Growth

MNTN Inc., a connected TV advertising platform that counts Hollywood star Ryan Reynolds as its chief creative officer, filed for an initial public offering, showing revenue growth and narrowing losses. The company's proposed terms for the listing will be disclosed in a later filing, when the underwriters are set to begin marketing the shares. MNTN Performance TV platform offers a suite of targeting, measurement and automated optimization technology, according to its website.

Mntn, Adtech Platform Linked to Ryan Reynolds, Files for Us Ipo

MNTN has filed for an initial public offering in the United States, seeking to raise capital as brands refocus their marketing strategies on connected TVs amid accelerating cord-cutting trends. The company's revenue grew nearly 28% last year to $225.6 million, with a net loss narrowing to $32.9 million compared to $53.3 million the previous year. As MNTN prepares to list its shares on the New York Stock Exchange, it faces an IPO market influenced by trade policy uncertainty.

The Luxury Automaker's Electric Dilemma

Aston Martin and Maserati are reevaluating their plans for future electrification models due to budget cuts and a cooling of demand in China. The luxury car industry continues to struggle with electrification, citing high prices and range anxiety as major concerns. Both brands have delayed or cut back on their electric vehicle (EV) launches, with Aston Martin's first EV model now expected to arrive in 2027, at the earliest.

Operation Smile Announces Carmit Bachar to Headline 13th Annual Ski & Smile Challenge in Park City

Operation Smile is set to host its 13th Annual Ski & Smile Challenge on March 15 at the Stein Eriksen Lodge and Deer Valley Resort in Park City, Utah, aiming to raise awareness and funds for children in need of cleft surgery. The event will feature a range of celebrities, athletes, and philanthropists, highlighting the organization's commitment to transforming lives through access to essential healthcare. This year's festivities will culminate in an Après-Ski Smile Gala, where renowned performers, including Carmit Bachar, will entertain attendees while honoring contributions to the cause.

US-Sicherheitsberater - Trump Hat Putin Nach Washington Eingeladen

Herausforderung für die globale Sicherheit: US-Präsident Donald Trump hat seinen russischen Kollegen Wladimir Putin zu einem Gipfeltreffen nach Washington eingeladen. Die Einladung könnte die Spannungen zwischen den beiden Ländern verringern, aber auch Kritik auslösen und die Bündnisallianzen in Europa destabilisieren. Der Besuch des russischen Staatschefs dürfte außerdem von der politischen Wahrnehmung der US-Geheimdienste beeinflusst werden.

Rising Costs Erode Consumer Spending Power

Intel is delaying the opening of two chipmaking facilities in Ohio due to changing market conditions and increased costs, pushing back completion timelines by four years. The company's decision reflects the growing trend of businesses reassessing production goals in response to shifting consumer demand and supply chain challenges. As a result, Intel now expects the facilities to finish construction in 2030 and 2031.

Us President Donald Trump Imposes Tariffs on China

The US President has announced plans to impose additional tariffs on Chinese imports as part of his trade policy aimed at reshaping the country's economic landscape. The new tariffs will be in addition to existing duties and are expected to have a significant impact on global trade and inflation rates. The move is seen as a response to China's retaliatory measures against US goods.

European Leaders Show Support for Zelenskiy After Trump Clash

European leaders expressed their solidarity with Ukrainian President Volodymyr Zelenskiy following a contentious exchange with U.S. President Donald Trump and Vice President JD Vance. Prominent figures from various European nations took to social media to affirm their backing for Ukraine amid concerns over a potential rift with the U.S. in their shared support for Kyiv against Russian aggression. The contrasting responses highlight a growing divide in perspectives on leadership and strategy in the ongoing conflict.

Recall of Popular Lunch Item Sparks Safety Concerns

A popular lunch item has been recalled over fears it has an undeclared allergen, prompting concerns among consumers with milk allergies or intolerances. The Coles Kitchen Chicken and Salad Sandwich was mislabeled by the supermarket, failing to declare its suitability for those with dairy allergies. This mistake could lead to serious health issues for affected customers.

Spirit Aerosystems Faces Financial Challenges over Delivery and Production

Spirit AeroSystems reported a $577 million fourth-quarter operating loss, swinging from $215 million in operating income a year earlier, due to production performance issues and higher labor and supply chain costs. The company's deliveries were up on models for both Boeing and Airbus during the quarter, but revenue declined 9% to $1.65 billion. Spirit AeroSystems expects "significant reductions" in projected revenue and cash flows for the year due to production changes at Boeing.

Access for Sale in Oval Office Meeting Between Trump and Zelenskiy Raises Questions About Media Freedom

A reporter from Russia's state-owned news agency gained access to a meeting in the Oval Office between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy, but was later removed after his presence became known. The White House had initially not permitted entry to the TASS reporter, citing an "approved list of media for today's pool," raising questions about how access decisions are made. This incident highlights the complex dynamics at play in securing media access to high-stakes events.

Portable Wi-Fi 6 Router Offers Advanced Features for Secure and Fast Connectivity

The Spitz Plus GL-X2000, a portable Wi-Fi 6 cellular router, offers a unique combination of advanced features that set it apart from other routers in its class. The device boasts dual-SIM connectivity, built-in VPN support for over 30 providers, and high-speed Ethernet connectivity, making it an attractive option for those seeking reliable and secure internet access on the go. Additionally, its compact design and low power consumption make it suitable for use in a variety of settings.

Tsmc (Tsm) Stock Sinks as Market Gains: Here's Why

TSMC's stock has declined by 13% over the past month, trailing its industry and sector peers, amidst a rising market. The chip company's upcoming earnings report will be closely watched by investors, with analysts expecting year-over-year growth of 47.1% in earnings per share. The stock currently holds a Zacks Rank of #2 (Buy), reflecting its forward P/E ratio and PEG ratio.

Alphabet (Googl) Ascends but Remains Behind Market: Some Facts to Note

Alphabet (GOOGL) closed at $170.25, marking a +1.04% move from the previous day. The stock has lost 16.12% over the past month, lagging the Computer and Technology sector's loss of 3.43%. Alphabet's earnings per share are projected to be $2.02, reflecting a 6.88% increase from the same quarter last year.

Msft Stock Performance Raises Questions About Earnings Estimates

Microsoft (MSFT) closed at $396.98 in the latest trading session, marking a +1.13% move from the prior day. The stock has depreciated by 5.41% over the course of the past month, underperforming the Computer and Technology sector's loss of 3.43%. Market participants will be closely following the financial results of Microsoft in its upcoming release.

Synopsys Prepares About $10 Billion Bond Sale to Finance Ansys Deal

Synopsys is seeking to secure around $10 billion in bonds to help finance its planned acquisition of software maker Ansys, a move that would significantly increase the company's debt burden. The proposed bond sale is part of Synopsys' efforts to raise funds and alleviate competition concerns raised by the European Union over the deal. The acquisition, valued at $35 billion, was announced in January last year and has been subject to regulatory approvals from various jurisdictions.

Synopsys Seeks $10 Billion Bond Sale to Finance Ansys Acquisition

Synopsys is preparing to sell approximately $10 billion of bonds as soon as next week to help finance its acquisition of software maker Ansys, according to Bloomberg News. The company has received approval for the $35 billion deal from the European Union and has begun discussions with Chinese regulators. Synopsys plans to acquire Ansys, a maker of software used in designing chips and other products.

Landlord Found Guilty for Murdering Palestinian-American Boy

A 73-year-old Illinois landlord has been found guilty of murder and hate crime charges for fatally stabbing a six-year-old Palestinian-American boy and severely wounding his mother in October 2023. Prosecutors alleged that Joseph Czuba targeted the family over their Muslim faith following the Israel-Hamas war, and jurors convicted him after deliberating for less than 90 minutes. The boy's death has sparked outrage and grief among the community, with many expressing relief at the verdict but also highlighting concerns about hate crimes and Islamophobia.

Blackstone's Schwarzman Takes Home More than $1 Billion Again

The billionaire CEO Steve Schwarzman's annual pay package exceeded $1 billion for the third consecutive year, highlighting his immense wealth tied to Blackstone's success. Most of his windfall came from dividends rather than fund profits, underscoring his influence on the firm's performance and value. The unusually high compensation package comes as President Donald Trump seeks to reform the tax treatment of carried interest.

Career Advice From 10 Black American Power Brokers

Ten influential Black American corporate executives share invaluable insights on wealth accumulation, business development, and career growth, emphasizing the importance of self-belief and aligning personal values with corporate missions. Their collective advice highlights the necessity of gratitude and joy in navigating challenges, as well as the understanding that leadership involves recognizing one’s limitations and embracing continuous growth. As they confront current diversity and inclusion challenges, these leaders advocate for authenticity and resilience in the corporate landscape.

Fbi Returns Property Seized From Trump in Raid

The FBI has given property back to U.S. President Donald Trump that was taken from him during raids and the items were being loaded onto Air Force One on Friday, the White House said. The agency's decision marks a reversal of its earlier actions, which had seen Trump's belongings seized as part of an ongoing investigation. This move brings an end to a period of uncertainty for the former president.

MNTN, Adtech Platform Linked to Ryan Reynolds, Files for US IPO

MNTN is seeking to tap into a booming market as more companies list their shares on public markets, driven by deregulatory moves under the Trump administration. The connected TV advertising platform has seen revenue growth of nearly 28% to $225.6 million last year, narrowing its net loss from $53.3 million to $32.9 million. As trade policy uncertainty continues to affect global markets, MNTN's IPO comes at a pivotal moment for the company and the broader adtech industry.

Leaseholders Face £65,000 Fire Safety Bills Due to Building Height

Leaseholders in low-rise buildings under 11m high are being forced to pay exorbitant fire safety bills due to a loophole in the new Building Safety Act. The government claims that funding does not apply to these types of buildings, but experts argue that this is a case of "fishing and dawdling" by politicians. As a result, leaseholders like Tom DeRonde are facing bankruptcy after receiving £65,000 bills for remediation costs.

Gatwick: Why Is It so Hard to Move a Runway 12 Metres?

Gatwick Airport's plans to expand its runway by just 12 meters may seem straightforward, but the process is being bogged down by protests, politicking, and planning complexities that threaten to delay or even block the project. The government has given tentative backing for the £2.2bn scheme, but strong opposition from local residents, climate campaigners, and politicians means that it's unclear when - or if - the runway will be ready. Despite the public's concerns, the UK government seems determined to push ahead with the expansion.

Rising Risk for Aviation: Skorea Tightens Lithium Battery Rules on Planes

South Korea has tightened rules on carrying lithium batteries on planes, highlighting a growing risk to flights worldwide from the batteries used in cellphones and e-cigarettes that can malfunction to produce smoke, fire or extreme heat. The new regulations aim to mitigate the risks associated with overheating lithium batteries, which have been linked to several incidents globally. By implementing stricter guidelines, South Korea is taking steps to prioritize passenger safety and prevent potential hazards.

Mars to Issue up to $40 Billion Bond Sale Amid Acquisition Financing Boom

Mars, the family-owned candy giant, is preparing to sell bonds worth between $25 billion and $30 billion as soon as next week to help finance its takeover of Pringles maker Kellanova. The bond sale, which could feature among the top 10 largest M&A financing deals in the investment-grade bond market since 2013, would headline a $40 billion rush of acquisition financing bonds. If successful, the deal would be part of a larger trend of companies issuing large amounts of debt to finance acquisitions.

Trump Compares Uk's Demand for Apple User Data to China's Monitoring

The U.S. President likened the UK government's demand that Apple grant it access to some user data as "something that you hear about with China," in an interview with The Spectator political magazine published Friday, highlighting concerns over national security and individual privacy. Trump said he told British Prime Minister Keir Starmer that he "can't do this" referring to the request for access to data during their meeting at the White House on Thursday. Apple ended an advanced security encryption feature for cloud data for UK users in response to government demands, sparking concerns over user rights and government oversight.

Us Stagflation Fears Rise with Latest Economic Data

A string of recent US data showing resurgent inflation and slowing activity is stoking fears the world’s biggest economy could be heading toward a period of stagflation. Economists caution against making too much of one month’s data, especially when skewed by factors like freezing weather. The Federal Reserve would face a tough choice between supporting the labor market or finishing its years-long inflation fight.

Yhi International Posts 7.8% Revenue Growth but Shrinks Profit Margin

YHI International (SGX:BPF) reported a 7.8% increase in revenue to S$406.5m for the full year 2024, driven by higher sales and a stronger product mix. The company's net income, however, declined 27% to S$9.58m due to increased expenses. The profit margin dropped from 3.5% in FY 2023 to 2.4%, as the company struggled to maintain its financial discipline.

Rise of the Software Giants: Frog Emerges as Top Performer

JFrog Ltd. (NASDAQ:FROG) stands out as one of the best-performing software stocks to buy according to analysts, driven by its innovative approach to continuous integration and delivery. The global software market is expected to surge to $2.25 trillion by 2034, with a compound annual growth rate (CAGR) of 11.8%. As digital transformation continues to accelerate, companies like JFrog are poised to benefit from the growing demand for software solutions.