Category: Companies

Stock Market Today: Global Shares Rise Ahead of US Inflation Update on Hopes for Easing Rate Hikes

BEIJING—Global stock markets rose Tuesday ahead of a U.S. inflation update traders hope will show the need for more interest rate hikes is easing. Paris, Shanghai, Frankfurt, and Tokyo advanced. Wall Street futures were little-changed. Oil prices rose. Wall Street’s benchmark S&P 500 index gained 0.2 percent on Monday following its second weekly decline in…


Threads’ Piracy Issues and Why Meta’s New App Can’t Launch in Europe

Meta’s answer to Twitter, Threads, launched worldwide this week with the exception of EU member countries. The new Instagram-linked app, which is now available in 100 countries, so far has no plans to launch in the EU, likely due to privacy regulations in the bloc. There are obviously very strong concerns over the processing of data…


Google Ordered to Reveal IP Details of Anonymous Email Sender

Tech giant Google has been ordered to hand over the IP address and details of a person accused of emailing defamatory allegations about a Labor election candidate in Australia. On Nov. 9 last year, during the Victorian state election, an individual sent an email (from the address: davidjonesaus18@gmail.com) about Nurul Khan to ministers and news…


Samsung Fights Back Against Beijing’s Tech Theft, Sues Chinese Firm BOE Over Patent Infringement

Amid escalating tension between South Korea and China, Samsung has drawn attention by pulling out of the Shanghai Mobile World Congress for the first time in six years and initiating its maiden patent lawsuit against Chinese company BOE. The moves come in the wake of repeated allegations of technology theft by China against Samsung’s technology. Samsung…


Fox News Downgraded by Major Wall Street Bank Over Viewership Issues

A top financial services company downgraded Fox Corporation’s stock on Monday, noting issues with the network’s viewership, earnings, and content. An analyst with Wells Fargo downgraded shares of Fox Corp. from “equal weight” to “underweight,” lowering the price target from $35 per share to $31 per share, according to multiple reports on Monday. “Fox News…


Disney Crowd Sizes ‘Shockingly Low’ Amid Backlash

Walt Disney World crowd sizes over the July 4th long weekend were “shockingly” thin, according to tracking data provider Touring Plans, which predicted that the low-attendance trend seems poised to continue amid ongoing conservative backlash to what some describe as a woke agenda. Disney has been embroiled in a legal and political fight with Florida…


Waiting for ‘Buyers to Come’: Unsold Electric Vehicles Piling Up in Car Dealerships, Says Report

The number of unsold electric vehicles at dealers in the second quarter tripled compared to the past year, signaling a weakened demand for the segment, said a recent report by leading auto-dealer data company Cox Automotive. In second quarter 2023, the average inventory for electric vehicles (EVs) topped more than 92,000 units on the ground…


Stella Morabito: Technocratic Totalitarianism, The Impulse to Conform, and AstroTurf Mobs Versus Organic Protest

“It doesn’t matter what your politics are. People want friends. People want family. They want strong relationships. Nobody wants to be lonely. And that’s why what I call the “weaponization of loneliness” is so effective.” In this episode I sit down with Stella Morabito, a senior contributor at The Federalist. She’s a former CIA intelligence…


[PREMIERING 7/11, 7:30PM ET] Stella Morabito: Technocratic Totalitarianism, The Impulse to Conform, and AstroTurf Mobs Versus Organic Protest

“It doesn’t matter what your politics are. People want friends. People want family. They want strong relationships. Nobody wants to be lonely. And that’s why what I call the “weaponization of loneliness” is so effective.” In this episode I sit down with Stella Morabito, a senior contributor at The Federalist. She’s a former CIA intelligence…


Big Business’s Not-So-Soft Bigotry of Low Expectations

Commentary There are those who are convinced that the United States is incurably racist. Last week’s U.S. Supreme Court decision ending once and for all the explicit consideration of race in college admissions exposed entrenched racism within this country’s society all right. But it turns out that where it is found is in an unholy…