Yaccarino, the CEO of a social media platform owned by Elon Musk, recently criticized Australia for its handling of a temporary order blocking videos of a violent incident in Sydney. She accused Australia of overreach in their attempt to regulate online content and argued that citizens should have access to information to make up their
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As the 2024 general elections in India approach, the initial opinion polls suggested a strong likelihood of the NDA, led by Prime Minister Narendra Modi, securing a third term with a significant majority. However, the actual progress through the first five phases of voting has raised doubts about these projections. Lower voter turnout, along with
Industry insiders are buzzing with excitement as Disney/Pixar’s highly anticipated sequel, Inside Out 2, is projected to shatter box office records with its upcoming release. Tracking numbers indicate that the film is poised to claim the top spot for the highest opening at the domestic box office so far this year, edging out blockbuster hits
Former Tesla board member, Steve Westly, raised concerns about Elon Musk’s divided focus and its impact on Tesla’s performance in the electric vehicle industry. Westly emphasized the importance of a CEO being laser-focused on their company’s operations, highlighting how Musk’s attention appears to be spread thin across various ventures such as SpaceX, X, Neuralink, and
Activist investors have seen a recent string of defeats in proxy fights, leading many to question their effectiveness and credibility. The original activist investors, such as Ralph Whitworth and John Bogle, were pioneers in bringing accountability and transparency to corporate governance. They focused on shareholder value and ended misconduct and excess within companies. However, over
The U.S. Department of Justice has taken legal action against Live Nation, the parent company of Ticketmaster, for alleged antitrust violations. The lawsuit, which involves 30 states and was filed recently, is a result of an extensive investigation launched in 2022 to determine whether Live Nation is monopolizing the ticketing industry. The allegations made by
The premarket trading session has seen companies like Nvidia, Super Micro Computer, and Advanced Micro Devices making impressive gains. Nvidia soared by 7.4% after announcing strong fiscal first-quarter results, better-than-expected guidance, and a 10-for-1 stock split. Similarly, Super Micro Computer and Advanced Micro Devices saw a jump of more than 5% and 3% respectively. These
The US stock market experienced a downturn after the close of trading on Wednesday. This was primarily driven by losses in sectors such as Oil & Gas, Utilities, and Basic Materials. At closing time, the Dow Jones Industrial Average was down by 0.51%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index
South Korea’s central bank recently decided to maintain interest rates at a 15-year high, citing concerns over inflationary pressures despite stronger-than-expected economic growth. The Bank of Korea Governor, Rhee Chang-yong, emphasized the need to keep policy restrictive to combat sticky inflation and sustain economic stability. This decision reflects the delicate balance between supporting growth and
Broadway’s just-ended 2023-2024 season saw a total attendance of about 12.3 million, with 71 productions on the boards grossing a combined $1.54 billion. These figures show a small decrease from the previous season, with the average ticket price settling at $125.27. Despite the relatively stable numbers, Broadway’s attendance remains nearly 17% below pre-pandemic levels. The
Nvidia, a company once known for its niche development of 3D gaming hardware, has undergone a remarkable transformation in recent years. With the increasing demand for artificial intelligence chips from tech giants such as Google, Microsoft, Meta, Amazon, and OpenAI, Nvidia has positioned itself at the forefront of technological innovation. The company’s fiscal first-quarter earnings
The latest data from the National Association of Realtors has revealed some interesting trends in the real estate market for the month of April. The report shows a 1.9% decrease in sales of previously owned homes compared to March, with a total of 4.14 million units sold on a seasonally adjusted annualized basis. This decline
The London Stock Exchange is set to see the launch of exchange-traded products (ETPs) backed by cryptocurrencies, marking a significant development in the world of digital assets. WisdomTree and 21Shares have announced their plans to introduce these innovative financial products, following approval from the UK’s financial regulator. In a move that signals growing acceptance of
On Wednesday, the Consumer Financial Protection Bureau (CFPB) announced new regulations that would require customers of the buy now, pay later (BNPL) industry to adhere to the same federal protections as credit card users. This “interpretive rule” under the Truth in Lending Act categorized BNPL lenders as equivalent to traditional credit card providers, meaning they