Big Tech companies such as Apple and Google are currently facing one of the biggest challenges in decades as antitrust regulators on both sides of the Atlantic are cracking down on alleged anti-competitive practices. This crackdown could potentially result in break-up orders for these tech giants, which would be a first for the industry. The
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The U.S. Congress recently passed a $1.2 trillion budget bill, which was done in an overwhelming manner with a 74-24 vote. This bill will keep the government funded through the fiscal year that began six months ago and will be sent to President Joe Biden for his signature to avert a partial shutdown. The departments
In a recent interview with the Financial Times, activist investor Nelson Peltz criticized Disney for focusing too heavily on movies with female and Black actors. Peltz argued that Disney’s films have become more about delivering a message rather than quality storytelling. Specifically, he took issue with films like “The Marvels” and “Black Panther,” questioning the
The world of exchange-traded funds (ETFs) is constantly evolving, with new products being introduced to cater to changing investor preferences. Roundhill Investments, a major ETF provider, is at the forefront of this evolution, exploring new opportunities in the market. One of their upcoming funds will focus on companies behind GLP-1 drugs, a move that reflects
After a prolonged period of drought in the tech IPO market on Wall Street, this week marked a significant breakthrough with the market debuts of Reddit and Astera Labs. These two companies, although operating in different sectors of the technology industry, were the first prominent venture-backed tech firms to go public in the U.S. since
Slovakia is currently in the midst of a crucial presidential election, with Prime Minister Robert Fico’s influence looming large over the proceedings. The election, which is taking place in two rounds, has the potential to shape the country’s future in significant ways. Fico’s ally, Peter Pellegrini, is a frontrunner in the race to succeed President
Greencore Group, an Ireland-based manufacturer of convenience foods, has been facing significant challenges in recent years. The company, which supplies chilled, frozen, and ambient foods to retail and food service customers in the United Kingdom, has seen a sharp decline in its stock price and operating performance since the onset of the Covid-19 pandemic. Despite
Gray divorce, referring to the separation of couples aged 50 and older, is on the rise. The rate of gray divorce has doubled from 1990 to 2019, with a threefold increase among adults over age 65. This trend contrasts with declining divorce rates among younger adults, highlighting a significant societal shift. A study published in
The demand for weight loss drugs, particularly GLP-1s, in the United States is on the rise despite limited insurance coverage and high price tags. A recent survey conducted by Evercore ISI shed light on the willingness of patients to pay out of pocket for these treatments, revealing a stark income divide. Participants with annual incomes
In Tokyo, the government has been hosting matchmaking events for years in hopes of reversing the decline in marriages and births. These events have involved activities such as parties, dating advice, and fashion tips. However, the city is now taking a new approach by introducing an artificial intelligence (AI)-powered dating app. This app is set
Recent developments in the financial world have revealed that Gregory Stone, the Chief Ocean Scientist at TMC the Metals Co Inc. (NASDAQ:TMC), has engaged in insider trading activity by selling a significant number of company shares. This move, as disclosed in a Form 4 filing with the Securities and Exchange Commission, has raised questions about
The S&P 500 closed the week with minimal changes, but it saw its most significant weekly percentage gain in a while after the Federal Reserve decided to stick with projections for three interest rate cuts by the end of the year. This decision by the Fed has created a sense of optimism in the market,
Rahul D. Ballal, a director at Enliven Therapeutics, Inc. (NASDAQ:ELVN), recently made headlines in the market by selling 13,278 shares of the company’s common stock. This transaction took place on March 20, 2024, with Ballal disposing of the shares at prices ranging from $19.005 to $19.405, resulting in a total sale amount of approximately $254,462.
Nike, the popular sneaker brand, fell 7% in midday trading following a soft outlook for the full year and reports of slowing sales in China. Despite beating expectations on both the top and bottom lines in its latest quarter, the company’s stock took a hit as investors reacted to the news. Athleisure company Lululemon saw