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01-25-2024

TECH

• Amazon's Ring, the home surveillance company, will no longer allow police to request doorbell camera footage through its Neighbors app without a warrant.

• Facebook and Instagram are implementing stricter messaging restrictions for teens, including limits on who can send direct messages. Parental controls are also being enhanced.

• Apple's iPhone became the top-selling smartphone in China in 2023 with a 17.3% market share, despite a 2.1% decline in shipments.

• Hewlett Packard Enterprise (HPE) confirms that its cloud-based email system was breached by Russian state-sponsored group Midnight Blizzard. Data was stolen from a small percentage of HPE mailboxes.

• Apple Mac celebrates its 40th anniversary with the introduction of Apple Silicon and a request for user memories.

• Google introduces new mint color for Pixel 8 series, adds Thermometer app, Circle to Search feature, and other health and AI tools.

• T-Mobile and Cisco have collaborated to introduce "Connected Workplace," a 5G business internet solution for medium-sized businesses with multiple locations.

• Apple will comply with the European Digital Markets Act by charging fees and implementing restrictions for sideloaded apps in Europe.

MEDIA

• Jon Stewart is returning to "The Daily Show" as a part-time host and executive producer on Monday evenings through the 2024 election cycle, starting on February 12.

• Netflix will discontinue its Basic ad-free plan in certain countries, like Canada and the UK, in Q2 2022, pushing customers towards advertising or higher-priced tiers.

• Skydance Media's CEO, David Ellison, has made a preliminary offer to buy National Amusements Inc., the holding company of the Redstone family, to gain control of Paramount Global.

• Arizona GOP Chair Jeff DeWit resigned after allegedly attempting to bribe Kari Lake to drop her Senate campaign.

CONSUMER

• Etsy's new Gift Mode feature uses AI and human reviews to suggest personalized gifts for customers based on their preferences.

• Swiss fragrance and flavorings company Givaudan reported a 4.3% increase in net profit for 2023, despite a drop in sales.

• Dr Martens' Q3 revenue dropped by 21%, with sales in the US falling by 31% and wholesale revenues tumbling by 46%.

• RS Group PLC's Q3 revenue declined due to weak industrial sentiment and slower unwinding of customer surplus inventories, particularly in electronics.

REAL ESTATE

• Traditional owner groups in Victoria are calling for increased funding and resourcing to assess and preserve cultural heritage amid housing expansion. The Victorian opposition withdraws support for a treaty with First Nations due to issues with legislation. Data shows less than 1% of developments required a cultural heritage management plan.

• Brookfield Asset Management aims to secure $1.2 billion in debt to purchase American Tower Corp's assets in India.

ECONOMIC

• Brompton Enhanced Multi-Asset Income ETF, Brompton Flaherty & Crumrine Investment Grade Preferred ETF, and other funds declare dividends.

• GBIL ETF sees $90 million inflow, ACWI ETF has $326.5 million outflow, SPY has largest outflow of $8.9 billion, SUSA ETF experiences $1.3 billion outflow.

• The Biden administration's Consumer Financial Protection Bureau (CFPB) has proposed banning fees charged by banks for declined real-time transactions due to insufficient funds. The proposed rule targets non-sufficient fund fees that can be as high as $34.

• Ark Invest, managed by Cathie Wood, has been buying shares of Tesla, MercadoLibre, and Coinbase in January 2024 due to their growth potential and bullish investment theses.

• Bank of America is sending warning letters to employees who have not been returning to the office, threatening disciplinary action.

CRYPTO

• Palworld, a game similar to Pokémon, is being investigated for potential copyright infringement by The Pokémon Company.

• Eleven spot Bitcoin ETFs were launched, resulting in a short-term price drop and mixed opinions on their success.

• The Bank of England is developing a digital pound called "Britcoin" but acknowledges privacy concerns. A decision is expected by 2025.