In a year marked by escalating regulatory pressure, the European Union intensified its crackdown on Big Tech, launching a sweeping series of antitrust probes, Digital Markets Act (DMA) investigations and landmark fines against the world’s largest technology companies. From Meta and Google to Apple, Amazon and Microsoft, virtually every major platform came under scrutiny as
Grayscale has officially launched the first US Chainlink ETF, GLNK, on NYSE Arca, marking a significant development for investors seeking regulated exposure to blockchain infrastructure. The debut has coincided with a sharp recovery in the price of Chainlink (LINK) cryptocurrency. At press time, Chainlink’s native token, LINK, was trading at around $14.61 after recovering nearly
The Bitcoin price has stabilized above $92,000 after a period of notable fluctuations, with eyes now on the interplay between institutional flows and market sentiment. At press time, Bitcoin was trading at around $92,829, rebounding from recent lows near $83,800, while Bitcoin ETFs have shown a mixed performance, breaking a streak of consecutive inflows that
The blue-chip Schwab US Dividend Equity ETF (SCHD) has had a tough year as investors dumped value stocks for high-flying technology companies like Nvidia, Palantir, and Micron. The SCHD ETF has had a total return of just 4.68%, while the S&P 500 and Nasdaq 100 indices have jumped by 22% and 17%, respectively. This article
Tesla stock extended its recent slide on Thursday, falling sharply after US United States Consumer Product Safety Commission (USCPSC) said the company should recall around 10,500 Powerwall 2 battery systems. Shares of the electric vehicle maker dropped 6.2% to $403.87 in midday trading, down $26.73, making it the worst-performing stock in the Nasdaq 100, according
A Texas federal court has allowed a major antitrust lawsuit to proceed, targeting Apple Inc. and OpenAI over claims that their partnership may suppress competition in artificial intelligence. The legal challenge, brought by Elon Musk’s X Corp. and xAI, argues that Apple’s decision to embed OpenAI into the iPhone’s operating system gives the chatbot maker
Emirates is preparing to transform its in-flight internet experience by partnering with SpaceX’s satellite service Starlink, reported Bloomberg. The move could position the Dubai-based airline as a global leader in onboard connectivity. However, the deal depends on regulatory clearance from the United Arab Emirates, which has not yet authorised Starlink’s operations. Despite this limitation, the
In July 2020, the digital world held its breath as one of social media’s biggest security breaches unfolded in real time. Joseph James O’Connor, a Liverpool-born hacker operating under the alias “PlugwalkJoe,” orchestrated a stunning attack on Twitter that compromised more than 130 high-profile accounts in a matter of minutes. The targets read like a
Tesla stock (NASDAQ: TSLA) fell sharply on Tuesday, sliding more than 3% to close at $396.40, as investors reevaluated the company’s bold bets on autonomous vehicles. The stock’s decline wiped out billions in market value and underscored nagging doubts about the timeline and commercial viability of Tesla’s Robotaxi ambitions. The electric vehicle pioneer has leaned
Elon Musk said his artificial intelligence startup xAI plans to build a 500-megawatt data centre in Saudi Arabia in partnership with Humain, the kingdom’s state-backed AI venture. Speaking at a US-Saudi investment forum in Washington, Musk said the project would be powered by Nvidia Corp.’s chips. Humain was established under Saudi Arabia’s sovereign wealth fund.