November 16, 20240 Comments

5 charts showing Trump’s immense postelection market impact

Getty Images; BI Donald Trump’s presidential-election victory has fueled major moves in financial markets. Investors are anticipating tax cuts and looser regulation from Trump. Here are five charts that show how Trump’s win has affected markets. Donald Trump’s election victory immediately sent financial markets into a frenzy. Stocks soared to records on the prospect of tax cuts and looser regulation. Bank stocks, in particular, got a lift amid speculation of

Read More
November 16, 20240 Comments

How Zambia’s Margret Chola has become a fashion icon

Luxury Media Zambia A grandmother in rural Zambia has become an accidental style icon and internet sensation – after agreeing to play dress-up and swapping outfits with her fashionista granddaughter. Margret Chola, who is in her mid-80s, is known to the world as “Legendary Glamma” – and adored by 225,000 Instagram followers for her striking and playful fashion photographs. “I feel different, I feel new and alive in these clothes,

Read More
November 16, 20240 Comments

U.S. companies in the crosshairs if China retaliates to fight Trump

With President-elect Donald Trump‘s trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hard-line approach could stunt their prospects in the world’s second-largest economy – and turn them into targets of Chinese retaliation. Trump has threatened to hit China with at least 60% tariffs and vowed to end reliance on the country. That alone would be disruptive. It would force companies to

Read More
November 16, 20240 Comments

23andMe customer? Here’s what to know about the privacy of your genetic data.

23andMe, the struggling ancestry tracing company, continues to spiral, raising questions about its business prospects and what could happen to its sensitive customer genetic testing data. 23andMe on Tuesday announced it is slashing 40% of its workforce as part of a restructuring plan. The move comes after its entire board resigned in September. Its stock price has since plunged, prompting speculation that the company could be acquired by another buyer

Read More
November 16, 20240 Comments

Oura plans international expansion, tests nutrition and AI features

The Oura Ring 4 Courtesy: Oura LISBON — Samsung’s foray into smart rings isn’t concerning the boss of the product category’s pioneer, Oura — in fact, Tom Hale says he’s seeing a boost in business. “I’m sure that a major tech company making an announcement saying: ‘Hey, this is a category that matters. It’s going to be something that’s big.’ I think it’s probably helpful,” Hale told CNBC in an interview this

Read More
November 16, 20240 Comments

Major Trump Media shareholder sells nearly entire stake By Reuters

(Reuters) – Trump Media & Technology Group’s key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC and its manager Patrick Orlando now hold about 0.01% stake, down from more than 5% or over 11 million shares in September. Orlando was the former CEO of the blank-check company Digital World Acquisition (NASDAQ:) that took Trump Media

Read More
November 16, 20240 Comments

Binance Launchpool Announces Support for New Native Token of Decentralized Fiat Stablecoin Issuer

Binance, the top global crypto exchange by trading volume, is rolling out support for the new native token of a decentralized fiat stablecoin issuer. Binance Launchpool, which lets users stake coins to farm new assets, says its 61st project will be Usual, a stablecoin issuer that aims to redistribute protocol ownership and governance through its native USUAL token. Explains the project, “Unlike Tether and Circle, which generated over $10B in

Read More
November 16, 20240 Comments

Supermicro Stock Surges on Reports of Plan to Avoid Delisting

Annabelle Chih / Bloomberg / Getty Images Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024 Super Micro Computer (SMCI) shares soared over 18% in extended trading Friday following reports the company is expected to file a plan for its delayed annual report by Monday that could help it avoid delisting. Supermicro said it received a letter from the Nasdaq on Sept.

Read More