The UK communications regulator, Ofcom, has launched a formal investigation into X, escalating regulatory scrutiny of artificial intelligence tools embedded in major social media platforms. The probe focuses on whether X has met its legal obligations under the Online Safety Act, following widespread concern over how its AI chatbot, Grok, has been used to generate
Tempus AI stock remains in a bear market after crashing by 36% from its highest point in September last year. It has slumped to $66, with its market capitalization slumping from $17.8 billion in October to the current $12.1 billion. This article explores some of the top reasons why the TEM stock may rebound in
In a move without precedent in modern US history, the Justice Department has opened a criminal investigation into Federal Reserve Chair Jerome Powell over statements he made to Congress about the renovation of the central bank’s headquarters in Washington. The inquiry represents a dramatic escalation of President Donald Trump’s long-running campaign against Powell, transforming public
Capital One stock (NYSE: COF) tumbled nearly 10% in pre-market trading on Monday after President Donald Trump called for a one-year cap on credit card interest rates at 10%. The proposal sent shock waves through the banking sector and immediately triggered alarms about lending profitability and consumer credit access. The announcement, made without implementation details,
Abivax stock (EPA: ABVX) surged roughly 30% in early Paris trading Monday after French media reported that US pharmaceutical giant Eli Lilly was preparing a €15 billion ($17.5 billion) acquisition offer for the French biotech. The move would value the company at nearly double its current market capitalization and cap an extraordinary year of gains
BitGo Holdings, Inc., a California-based cryptocurrency custody firm, has announced its plans to raise $201 million as it lists in the United States via an initial public offering (IPO). According to details, BitGo targets a valuation of up to $1.96 billion for its US IPO, with the company looking to capitalize on growing institutional interest
US stocks fell on Monday after the Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell, marking a sharp escalation in President Donald Trump’s long-running effort to pressure the central bank. The Dow Jones Industrial Average fell 388 points, or 0.8%. The S&P 500 slipped 0.3%, while the Nasdaq Composite also
Hims & Hers stock has nosedived in the past few months. It has dived by over 56% from its highest point in July last year and is now hovering at its lowest level since April. The ongoing slump has led to a big decline in its market capitalization from over $14.85 billion to the current
Paramount Skydance filed a lawsuit in Delaware Chancery Court on Monday and announced plans to nominate its own slate of directors to Warner Bros. Discovery’s board. The lawsuit came as part of an escalating hostile campaign to force the company to disclose information shareholders need to evaluate competing takeover proposals and derail Netflix’s $82.7 billion
Gold and silver prices hit fresh record highs on Monday as safe-haven demand increased sharply due to ongoing geopolitical tensions. Gold prices on COMEX breached the $4,600-per-ounce mark for the first time ever on Monday, while silver hit a record $85.720 per ounce earlier in the day. Meanwhile, oil prices rose for most of the