In midday trading, Trump Media & Technology saw a significant drop of over 13% following a debate between former President Donald Trump and Democratic Vice President Kamala Harris. This resulted in the stock hitting its lowest intraday level since going public on the Nasdaq in late March. The decline is certainly alarming for investors and
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In a decisive move aimed at retaining its appeal among lower-income consumers, McDonald’s has announced the continuation of its popular $5 value meal through December across a majority of U.S. locations. This initiative comes as a direct response to the shifting spending habits of diners, who are reappraising their dining choices amid rising inflation. The
Amidst growing concerns about inflation and economic sustainability, Bank of Japan policymaker Naoki Tamura has made a bold statement regarding the necessity of raising interest rates to at least 1%. This call for action comes at a time when the central bank is facing increasing pressure to implement measures that would push up short-term borrowing
Shigeru Ishiba, a former defense minister, is a prominent figure in the Liberal Democratic Party’s leadership race. Despite his long tenure in politics, Ishiba has faced several defeats in his quest to lead the party. However, his recent stance on issues like renewable energy and gender equality has garnered attention and support. Ishiba’s economic strategy
As September unfolds, the financial markets are experiencing their usual volatility. This presents a new set of challenges for the Big Tech sector, making investors wary of their positions. Amidst all this, one low-volatility ETF is still making big bets on the Big Tech trade. Alliance Bernstein is the mastermind behind the AB US Low
Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, has found herself at the center of a legal battle that has captured the attention of the cryptocurrency world. Lawyers representing Ellison have made a shocking recommendation, stating that she should receive no prison time for her role in the collapse of
Asian stocks experienced a rise on Thursday, with technology shares leading the way after an overnight rally in market darling Nvidia. Japanese markets, in particular, soared as a soft reading on producer inflation undermined hawkish signals from the Bank of Japan. Japan’s Nikkei 225 and TOPIX indexes were the best performers in Asia, with gains
In a significant move, the United Kingdom has recently classified data centers as critical infrastructure. This decision is expected to enhance cybersecurity measures within the country and facilitate collaboration between data center operators and the government to safeguard critical data from cyberattacks and disruptions. British Technology Minister Peter Kyle emphasized the importance of data centers
While global attention has largely been focused on big U.S. companies like OpenAI and Alphabet’s Google in the field of generative artificial intelligence, China’s tech giants are now making significant strides in this area. Over the past 18 months, companies like Alibaba, Tencent, Baidu, and Huawei have launched their own AI models, seeking to capitalize
Shares of Trump Media & Technology took a hit, dropping over 11%, following the debate between Republican nominee Donald Trump and Democratic Vice President Kamala Harris. The company, majority owned by the former president, faced a significant decline in its stock value. Rentokil Initial saw its shares plummet by about 20% after issuing a profit