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Reported about 5 hours ago
Sheryl Sandberg, the former COO of Meta Platforms, has been sanctioned by a Delaware judge for deleting emails related to the shareholder lawsuit tied to the Facebook-Cambridge Analytica privacy controversy. The judge found that Sandberg, who used a pseudonymous personal email account, likely erased crucial evidence despite being instructed to preserve such information. This ruling complicates her defense in an upcoming trial, where she is also required to cover the sanctions costs incurred by the shareholders.
Source: YAHOO
Reported about 5 hours ago
Three LNG companies in Texas and Louisiana are eager to advance their projects following President Trump's decision to lift the freeze on export permits imposed by the previous administration. This move could potentially boost U.S. LNG exports by nearly 100 million metric tons per annum by 2031. While companies like Cheniere Energy and Commonwealth LNG are looking forward to securing necessary approvals, environmental advocates warn that this decision may heighten the climate crisis and increase domestic gas prices.
Source: YAHOO
Reported about 5 hours ago
SoftBank Group Corp.'s shares rose by up to 8.1% after a significant announcement from US President Donald Trump regarding a collaboration with OpenAI and Oracle Corp. to invest $100 billion in AI infrastructure in the US. This joint venture, which aims to deploy funds in projects such as data centers and campuses, marks the largest intraday gain for SoftBank since September.
Source: YAHOO
Reported about 5 hours ago
During President Trump's inauguration, numerous Silicon Valley executives attended, sparking discussions about the evolving relationship between the Trump administration and Big Tech. Niki Christoff, CEO of Christoff & Co., notes that Trump has historically not been aligned with Big Tech but emphasizes the varied responses of tech leaders present at the event, ranging from enthusiasm to obligation. She also highlights ongoing tensions between Republicans and tech officials, which are exacerbated by a challenging job market and changing company policies.
Source: YAHOO
Reported about 5 hours ago
Julie Hyman and Josh Lipton highlight essential events and data for investors to focus on January 22, including earnings reports from notable companies like Procter & Gamble, Ally Financial, and Discover Financial Services, along with the latest mortgage applications data.
Source: YAHOO
Reported about 5 hours ago
At the 2025 World Economic Forum, Cloudflare CEO Matthew Prince highlighted that China's cautious approach to artificial intelligence (AI) is hindering its development. He noted that the government’s effort to regulate AI outputs stems from concerns over its unpredictable potential, which Prince believes will continue to limit China's competitiveness in the global AI landscape.
Source: YAHOO
Reported about 5 hours ago
China's beef imports reached a record of 2.87 million tons in 2024, 5% more than the previous year, amidst declining domestic demand and falling prices. This surge in imports poses risks of trade restrictions as local farmers struggle with losses, prompting government investigations into the impact of these imports on local production. While Brazil and Argentina benefit from China's shift to cheaper beef, any protective measures could adversely affect these exporting nations.
Source: YAHOO
Reported about 5 hours ago
Former President Donald Trump expressed his support for Elon Musk or Larry Ellison buying TikTok, suggesting a potential 50-50 joint venture with the U.S. to maintain operations of the platform, which is owned by the Chinese company ByteDance. He mentioned that such a deal would involve the U.S. granting a permit in exchange for half of TikTok. However, legal experts raised concerns that this arrangement may not comply with laws designed to address national security issues related to foreign ownership of the app, and pointed out potential challenges to Trump's executive order delaying the ban on TikTok for 75 days.
Source: YAHOO
Reported about 5 hours ago
StackBlitz Inc. is in advanced discussions to secure $83.5 million in funding, valuing the AI-driven startup at $700 million, led by Emergence Capital and GV. Known for its development tool Bolt.new, launched just five months ago, the company has rapidly attracted nearly 1 million monthly users and generated significant recurring revenue, marking a turnaround from its earlier struggles in finding a niche.
Source: YAHOO
Reported about 5 hours ago
TikTok users are anxiously checking their devices for the app's return to US app stores after it was temporarily inaccessible due to legal issues. While President Trump announced a delay on banning the app, users who deleted it found it still unavailable for download. There's growing frustration among users, some planning to leave the platform, while others are desperate for its return as negotiations for its sale continue amidst national security concerns.
Source: YAHOO
Reported about 6 hours ago
Bitcoin experienced a significant price increase as the U.S. SEC announced its first major steps towards regulating the cryptocurrency sector under the new Trump administration. Following a record high of $109,071 shortly after Trump's inauguration, Bitcoin's price saw a 3.8% rise when a task force aimed at creating a regulatory framework for digital assets was introduced. Despite some initial disappointment over crypto's absence in immediate executive actions, industry leaders remain hopeful for further regulatory developments that could boost Bitcoin adoption.
Source: YAHOO
Reported about 6 hours ago
President Trump's recent launch of meme coins has frustrated the cryptocurrency community, which was initially optimistic about his presidency. Critics view the move as a cash grab that undermines the legitimacy of digital assets, while some enthusiasts focused on meme coins have seen price spikes. However, the association with meme coins raises concerns over the serious regulation and development of the crypto industry, with some fearing it may detract from the push for more mainstream acceptance.
Source: YAHOO
Reported about 6 hours ago
Former U.S. President Donald Trump expressed openness to Elon Musk buying TikTok if the Tesla CEO desires, amidst legal pressures requiring the app's sale due to national security issues. Trump signed an executive order to delay enforcement of a law threatening a ban, emphasizing the importance of advancing American interests, while Musk criticized the unequal business conditions between the U.S. and China.
Source: YAHOO
Reported about 6 hours ago
The dollar gained strength against major currencies after President Trump suggested the possibility of imposing a 10% tariff on China, leading to increased demand for safe-haven assets. This movement in the foreign-exchange market reflects ongoing uncertainty under the Trump administration and the strong performance of the US economy. Concerns about trade tensions and economic slowdown in China had earlier put the MSCI China Index in a bear market. Analysts believe that any eventual tariff decisions will likely reinforce the dollar's upward trajectory.
Source: YAHOO