headlines... by halloapp

02-01-2024

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halloapp
February 01, 2024

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02-01-2024

TECH

  • Meta CEO Mark Zuckerberg apologizes to families impacted by social media during a Senate hearing on child safety.

  • Apple's Vision Pro mixed reality headset will launch with over 600 apps, including Microsoft Office suite and AI-powered Copilot integration.

  • Okta, an identity management company, is laying off approximately 400 employees (7% of its workforce) to reduce costs and improve profitability.

  • The US government has disrupted a Chinese hacking network targeting critical infrastructure, including electrical grids and water facilities.

  • Apple's Q1 earnings report is eagerly awaited to see if iPhone sales have been affected by competition and reduced consumer spending in China.

  • Twilio has chosen six startups utilizing generative AI to revolutionize customer engagement in sectors like healthcare, logistics, and education.

  • TikTok sees notable growth in US users, while YouTube and Facebook maintain their dominant positions, says Pew Research Center.

  • Meta, the parent company of Facebook, is anticipated to reveal its Q4 2023 earnings with analysts forecasting a revenue increase of 21.6% YoY.

MEDIA

  • A federal judge has dismissed Disney's free speech lawsuit against Florida Governor Ron DeSantis, ruling that the company lacked standing to sue.

  • TikTok is removing songs from Universal Music Group artists due to a licensing and compensation dispute, affecting over 1 billion users.

  • Paramount Global (PARA) receives high ratings from Validea's Shareholder Yield Investor model based on Meb Faber's strategy. Byron Allen's Allen Media Group offers $30 billion to acquire Paramount Global. Pfizer Inc. (PFE) also receives high ratings from Validea's Shareholder Yield Investor model based on Meb Faber's strategy. Paramount Global's stock surpasses analyst target price, prompting reassessment of its valuation.

  • Disney-owned streaming services, including Hulu and Disney+, are following in the footsteps of Netflix by cracking down on password sharing. Hulu will limit sharing outside of households.

CONSUMER

  • Adidas shares dropped 8% as the company's 2024 profit forecast fell below expectations due to negative currency movements. The company also plans to sell its remaining Yeezy inventory.

  • Activist investor Elliott Investment Management acquires 13% stake in Etsy, causing stock to rise and securing board seat.

  • Boot Barn Holdings reported Q3 earnings of $1.81 per share, beating estimates, but saw a decline in same-store sales.

  • Walmart announces plans to open 150 new stores, remodel 650 existing stores, and conduct a 3-for-1 stock split.

REAL ESTATE

  • US construction spending in December rose 0.9%, surpassing expectations, driven by a surge in single-family homebuilding and lower mortgage rates.

  • Private companies own a majority 51% stake in Servcorp Limited, giving them significant control over management decisions. (ASX:SRV)

ECONOMIC

  • India's finance minister unveils budget with promises of economic reforms, while Paytm faces regulatory concerns and stock plunge.

  • EU leaders have agreed on a €50 billion aid package for Ukraine after Hungarian Prime Minister Viktor Orbán withdrew his opposition.

  • Japanese bank Aozora reports first loss in 15 years due to increased loan-loss provisions for US commercial property, raising concerns about bank stability. New York Community Bancorp's stock plummets after reporting a quarterly loss and slashing its dividend, leading to downgrades and credit rating review.

  • Julius Baer CEO Philipp Rickenbacher is resigning after the Swiss bank reported significant losses from exposure to Signa Group.

CRYPTO

  • Forbes, Open Campus, and Animoca Brands have collaborated to create OC100, an event honoring Web3 educators and creators.

  • Delegate Labs has secured $9 million in funding for Clusters, a multi-wallet name service aimed at solving fragmentation problems in the crypto industry.

  • Bankrupt crypto exchange FTX will not relaunch due to high costs and risks, but plans to repay customers in full.

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