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Lanon Wee
Sep 28, 20231 min read
Biggest Stock Moves at Midday: Costco, Paramount, MillerKnoll, ChargePoint and Others
At midday trading, a few media and studio stocks were in the limelight after the lengthy writers' strike ended. Warner Bros., Discovery...
Lanon Wee
Sep 28, 20232 min read
Flexport Removes CFO and HR Chief Following Dave Clark's Termination as CEO
CNBC has discovered that Flexport let go of its CFO and its HR leader has stepped down. This follows the unexpected ousting of Dave Clark...
Lanon Wee
Sep 28, 20232 min read
FTC Chair Lina Khan: Amazon Lawsuit Safeguards Competition
In an interview with CNBC's "Squawk Box," FTC Chair Lina Khan defended the agency's choice to prosecute Amazon. She illustrated why the...
Lanon Wee
Sep 28, 20231 min read
Neel Kashkari Uncertain if Interest Rates Sufficient to Halt Inflation
On Wednesday, Neel Kashkari of the Minneapolis Federal Reserve expressed doubt to CNBC regarding if interest rates have been raised...
Lanon Wee
Sep 28, 20231 min read
Gensler Testimony Faces Growing Litigation Amid Rule Alterations
Republican lawmakers will challenge Chair Gary Gensler in today's House Financial Services Committee hearing, as they have upon his...
Lanon Wee
Sep 27, 20232 min read
Former S&P Ratings Chairman Acknowledges Weakened U.S. Status Since 2011 Downgrade
Unless members of Congress in Washington can pass a budget by the October 1st deadline, the largest economic system is again on the verge...
Lanon Wee
Sep 27, 20232 min read
U.S. Alleges Amazon Violated Antitrust Law
US regulators have filed a lawsuit against Amazon, claiming that the internet giant is unlawfully sustaining a monopoly position. The...
Lanon Wee
Sep 27, 20235 min read
EA Sports FC Renaming to Fifa a Risky Business for UK's Top Selling Game
For 30 years, the name Fifa has been linked to both video games and real-life football; however, this is about to be altered. This week...
Lanon Wee
Sep 27, 20232 min read
EU Reports Increase in Disinformation on X (Previously Twitter)
A European Commission study has revealed that X, formerly known as Twitter, has the highest percentage of disinformation among the six...
Lanon Wee
Sep 27, 20233 min read
Amazon Sued by FTC and 17 States on Antitrust Grounds
The U.S. Federal Trade Commission has made its first move against Amazon by launching a lawsuit against the e-commerce and cloud giant....
Lanon Wee
Sep 27, 20233 min read
Eddy Cue Stands by Apple's Choice of Google as Its Default Search Provider
Eddy Cue, Apple's senior vice president of services, testified in a federal court in Washington, D.C. on Tuesday that having Google as...
Lanon Wee
Sep 27, 20231 min read
Barry Diller Opposes WGA Deal with Studios, Calls for Redefining Fair Use Rights to Include AI
Copyright law and fair use need to be revised to control AI and provide legacy media with "recognition," stated Barry Diller, Chairman of...
Lanon Wee
Sep 27, 20232 min read
Improbable's 85% Reduction in Losses Validated by Transition to Metaverse
In the 2022 fiscal year, Improbable, which is backed by SoftBank, recorded a loss of £19 million - a decrease of over 85% from the £131...
Lanon Wee
Sep 27, 20233 min read
Improbable Reports 85% Reduction in Losses After Repositioning to Pursue Metaverse Development
Improbable, backed by SoftBank, suffered a £19 million loss in the 2022 fiscal year, a decrease of greater than 85% from the £131 million...
Lanon Wee
Sep 27, 20232 min read
Neel Kashkari Estimates 40% Possibility of Increased Interest Rates
Neel Kashkari, President of the Minneapolis Federal Reserve, argued that it is quite possible that interest rates will have to be heavily...
Lanon Wee
Sep 27, 20231 min read
Biggest Stock Moves During Midday: SiriusXM, Cintas, United Natural Foods and Beyond
At midday, a number of companies stirred headlines. Cintas saw a 4.8% dip as it announced its fiscal first-quarter earnings at $3.70 per...
Lanon Wee
Sep 27, 20233 min read
Reddit to Offer Compensation for Popular Posts
Reddit has declared that they will be giving financial rewards to their most successful posters, beginning on Tuesday in the US. Users...
Lanon Wee
Sep 27, 20235 min read
Texas Bitcoin Mining Grows as Major Event Looms, Exclusive Data Reveals
Texas has a major presence in the U.S. Bitcoin mining industry, as found by the world's largest mining pool, Foundry USA.This is...
Lanon Wee
Sep 26, 20232 min read
Meta's Threads Unable to Expand in Face of Competition from Elon Musk's X, Ahead of Only Tumblr
Meta's Twitter-based Threads sits near the bottom of the most popular U.S. social apps, ahead of only Tumblr, per Insider Intelligence's...
Lanon Wee
Sep 26, 20232 min read
Alibaba Announces Historic Shakeup with Listing of Logistics Unit Cainiao
Alibaba announced in a regulatory filing on Tuesday that its logistics unit, Cainiao, will be listed on the Hong Kong Stock Exchange....
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