headlines...by halloapp

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12-31-2023

TECH

• Google has settled a $5 billion privacy lawsuit for allegedly tracking users’ internet activities in incognito mode on Chrome browser.

• Discord, Reddit, Chime, Stripe, and Klarna are among the tech companies preparing for potential IPOs in 2024.

• Three paid £1.9bn in dividends to CK Hutchison before raising prices in the UK, amid scrutiny of its merger with Vodafone.

MEDIA

• Israeli airstrikes targeted refugee camps in central Gaza, coinciding with the Biden administration’s approval of emergency weapons sales to Israel.

• China is investigating Taiwanese boyband Mayday for lip-syncing, while Taiwanese officials suspect it is politically motivated to influence Taiwan’s stance.

CONSUMER

• Arkhouse Management and Brigade Capital Management are considering a $5.8 billion buyout of Macy’s, with a 32% premium for shareholders.

REAL ESTATE

• Experts predict that in 2024, the UK housing market will see a decline in house prices, potential interest rate cuts, and lower mortgage rates.

ECONOMIC

• Geopolitical developments such as Russia’s war in Ukraine and Hamas’s attack on Israel will impact business and investments in 2024. The Economist predicts that important national elections will also take place in countries like Britain, India, and the US. This year is expected to be chaotic in US politics due to Trump’s legal battles and the presidential election. Additionally, 2024 will see unresolved conflicts, moon missions, climate crisis milestones, and advancements in AI.

• Goldman Sachs BDC (GSBD) and Goldman Sachs (GS) stocks closed lower ahead of their earnings reports, while Citigroup (C) stock outperformed.

CRYPTO

• FTX founder Sam Bankman-Fried convicted of fraud will not face a second trial for charges including conspiracy to bribe officials.