The U.S. Department of Justice has taken a firm stance in requiring China-based ByteDance to sell TikTok‘s U.S. assets due to concerns about national security. The department argues that TikTok, under Chinese ownership, poses a significant threat because of its access to vast amounts of personal data of Americans. The fear is that China could
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Billionaire investor Bill Ackman has decided to postpone the highly anticipated listing of Pershing Square’s U.S. closed-end fund. This decision was communicated through a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed with no specific date announced for the
Disney and Marvel’s “Deadpool & Wolverine” has shattered expectations with a staggering $38.5 million in Thursday previews. This highly anticipated film is on track for a domestic opening of over $150 million, setting a new record for an R-rated movie. It is the first R-rated entry in the Marvel Cinematic Universe, making it a groundbreaking
As the Bank of England (BoE) prepares for its upcoming meeting, speculation looms large over whether the central bank will cut interest rates from their current 16-year high of 5.25%. With key policymakers remaining silent due to election rules, investors are left in the dark regarding the potential outcome of the decision. Interest rate futures
The highly anticipated movie, Deadpool and Wolverine, starring Ryan Reynolds and Hugh Jackman, is creating a buzz even before its release. According to sources in the box office industry, the movie is on track to shatter records for preview night numbers for an R-rated film. Initial projections suggest that Deadpool and Wolverine could bring in
This past week marked a significant milestone for the cryptocurrency markets as spot ether exchange-traded funds made their debut. Among the nine spot ether ETF applicants that received approval from the Securities and Exchange Commission, Franklin Templeton was one of them. The firm introduced the Franklin Ethereum ETF (EZET), which has experienced a 10% decrease
The recent surge in the yen has caught the attention of traders and investors alike, with the currency poised for its strongest week in nearly three months. This unexpected turnaround comes after a period of weakness, during which the yen hit 38-year lows against the US dollar. The sudden shift in momentum can be attributed
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter of the year. This decline is attributed to an oversupplied U.S. market, which has led airlines to discount tickets during a typically profitable period. The airline projected that unit revenue for the current quarter could decrease by as much as 2%
Imax recently reported a decrease in both revenue and profit for the last quarter. Sales fell by 9% to $89 million, but despite this decrease, the company managed to beat Wall Street estimates. The adjusted EBITDA was $31 million, down by 14%, and the adjusted earnings per share came in at 18 cents, compared to
The recent tech sell-off has caught the attention of hedge fund manager Dan Niles, who views it as a sign that the trade is facing significant challenges. Niles pointed to Google parent Alphabet’s quarterly results as a key factor in highlighting investor impatience. Following the results, shares of Alphabet plummeted by 5%, prompting Niles to
ANZ Group recently disclosed that their investigations into bond sales, which are currently under regulatory scrutiny, have uncovered errors in data reporting. Despite these errors, the bank maintains that there is no evidence of market manipulation. The investigation aims to identify any irregularities in bond trading operations and hold accountable those responsible for any wrongdoing.
Recently, there has been a growing interest in the revival of the Duane Arnold Energy Center in Palo, Iowa, a nuclear plant that ceased operations in 2020 after 45 years of service. This move comes as demand for carbon-free energy is on the rise, amidst a historic surge in electricity consumption. NextEra Energy, the company
AMC Entertainment, one of the largest theater chains in the world, reported a significant drop in revenue for the second quarter of the year. The company’s total revenues for the quarter ended June 30 decreased to just over $1 billion, down from $1.35.9 billion in the same period last year. The decline in revenue can
The recent lackluster quarterly results from Tesla and Alphabet have sent shockwaves through the tech-heavy Nasdaq, leading to an expected weak opening for Wall Street. Tesla experienced an 8.5% slump in premarket trading, potentially losing over $65 billion in market value after reporting its lowest profit margin in more than five years. Similarly, Google parent