Business & Finances

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TikTok Owner ByteDance Is Happily Helping American Kids Do Their Homework
A “sticky” homework helper app seems to be a predictable path for a company intent on growing its influence in the United States. Read More.
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Nissan EV Car App to Stop Working Owing to Phasing Out of 2G Network
Nissan Leaf owners won’t have access to such features as remote temperature control and the charge range status of their EV. Read More.
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Trump-Supporting Truckers Vow to Stop Delivering to New York City
Truckers could soon be refusing to take goods to New York to protest a recent court ruling against former president Donald Trump. Read More.
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Jeff Bezos Sells Nearly 12 Million Amazon Shares Worth at Least $2 Billion, With More to Come
SEATTLE—Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion. The Amazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of common stock on Feb. 7 and Feb. 8. The collective value of the […] Read More.
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SEC Says Its X Account Was ‘Compromised’ After Hacker Posts False Approval of Bitcoin ETFs
US Securities and Exchange Commission spokesperson said an unknown party had taken control of the agency’s X account for a brief period. Read More.
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Oil Slides as Saudi Price Cuts Counter Middle East Worries
LONDON—Oil prices fell by more than 2 percent on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude slid 2.2 percent, or $1.74, to $77.02 a barrel by 1024 GMT while U.S. West Texas […] Read More.
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Elon Musk’s SpaceX Launches 1st Ever ‘Direct to Cell’ Starlink Satellites With T-Mobile
Elon Musk’s SpaceX on Jan. 2 launched its first ever Starlink satellites capable of providing mobile phone service for customers of T-Mobile and a string of other carriers, even in remote locations. SpaceX said it launched a total of 21 satellites from its Falcon 9 rocket from Space Launch Complex 4 East at Vandenberg Space Force […] Read More.
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US Home Prices Rose Again As Tight Supply, Mortgage Rates Evaporate Affordability
Housing economists debate if affordability will improve in 2024. Read More.
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X Imposed $610,000 Penalty for Not Addressing Child Sexual Abuse Materials
Australian authorities has commenced civil penalty proceedings against X while the company is applying for a judicial review of the fine. Read More.
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FCC Commissioner Says Agency Engaging in ‘Regulatory Harassment’ of Elon Musk
The U.S. Federal Communications Commission (FCC) has joined a growing list of federal agencies engaging in the “regulatory harassment” of businessman Elon Musk, according to a senior Republican with the agency. FCC Commissioner Brendan Carr made the claim in a dissenting statement published on Dec. 12 after the FCC reaffirmed a previous decision not to […] Read More.
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Apple Releases New Stolen Device Protection Feature to Combat iPhone Theft
Apple has released a new update to its iPhone operating system aimed at protecting users from password theft if devices are stolen. The new “Stolen Device Protection” feature was released in the beta version of iOS 17.3 on Dec. 12, meaning it is available for developers to download. The opt-in feature effectively adds a second […] Read More.
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Dollar Claws Back Some Ground; Bitcoin Breaks $41,000
LONDON/TOKYO—The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets that the Federal Reserve will soon be cutting interest rates, while bitcoin breached $41,000 for the first time since early 2022. The euro was last down 0.1 percent at $1.0876, while the dollar index, which tracks the currency […] Read More.
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World Shares Mixed After Wall Street Ends Its Best Month of ’23 With Big Gains
HONG KONG—World shares were mixed on Friday after Wall Street closed out its best month of the year with big gains in November. Germany’s DAX rose 0.6 percent to 16,309.89 and the CAC 40 in Paris added 0.5 percent to $7,348.88. Britain’s FTSE 100 was up 0.8 percent at 7,512.94. The future for the S&P […] Read More.
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Elon Musk warns against Irish government’s ‘hate speech’ laws that would criminalize memes
“Language being proposed as law in Ireland means this could literally happen to you for having a meme on your phone.” Read More.
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Amazon Launches Free AI Courses for Millions Amid Growing Demand for AI-Savvy Workforce
Amazon plans to train and educate millions of people across the globe on artificial intelligence (AI) for free, the company announced on Nov. 20. The tech giant plans to offer the free training amid what it says is a growing need for an AI-savvy workforce, according to a press release. The company cited a recent study […] Read More.
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